Mercurity Fintech's Chaince Securities Gains Key FINRA Approval

Mercurity Fintech's Chaince Securities Secures FINRA Approval

In a significant milestone, Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), has announced that its wholly owned subsidiary, Chaince Securities, LLC, has successfully received approval from the Financial Industry Regulatory Authority (FINRA) for its Continuing Membership Application (CMA). This approval comes as a result of rigorous regulatory scrutiny, underscoring Chaince Securities' commitment to adherence to industry standards.

This pivotal development solidifies Chaince Securities' status within the financial ecosystem as a reputable broker-dealer. The firm strives to prioritize integrity and exceptional client service in every interaction and transaction.

According to Shi Qiu, CEO of Mercurity Fintech Holding Inc., this achievement aligns seamlessly with the growth strategy of the company. “We've invested considerable resources into creating robust compliance frameworks and building a stellar team of industry experts,” he remarked, reflecting on the hard work that led to this success.

Wilfred Daye, who serves as CEO of Chaince Securities, expressed enthusiasm regarding this achievement, stating, “This is an exciting moment for us. Leveraging my extensive background in finance and fintech, I am dedicated to steering Chaince towards a bright future, particularly at a time when innovation is meeting tradition in powerful ways.”

The FINRA approval enhances the operational capabilities of Chaince Securities, allowing it to provide a broader range of financial services, including:

Services Offered by Chaince Securities

With the newly granted approval, Chaince Securities can now offer services such as:

• Brokerage for corporate equity securities
• Underwriting and best-effort offerings
• Brokerage for U.S. government securities
• Private placements of various securities

Looking forward, Chaince Securities plans to utilize this approval to deliver strategic capital-raising solutions to micro and small-cap companies across various sectors, aiming to enhance its influence in the market and improve client service capabilities.

About Mercurity Fintech Holding Inc.

Mercurity Fintech Holding Inc. operates as a digital fintech company with subsidiaries that specialize in both financial brokerage and distributed computing. The firm is also making strides in AI hardware technology, providing secure and innovative solutions in intelligent manufacturing and advanced liquid cooling systems. By focusing on compliance, innovation, and operational excellence, the Company ensures its position as a trusted partner in the fast-evolving landscapes of digital finance and AI technology. For more information about our operations and services, feel free to visit our website at mercityfintech.com.

Frequently Asked Questions

What does the FINRA approval mean for Chaince Securities?

The FINRA approval signifies that Chaince Securities can operate as a broker-dealer, providing a wider range of financial services to clients.

How does this approval affect Mercurity Fintech's growth strategy?

This approval is crucial for Mercurity Fintech's growth plans, enabling them to expand their service offerings and client base.

What services will Chaince Securities offer post-approval?

Post-approval, Chaince Securities will offer corporate equity brokerage, underwriting, U.S. government securities brokerage, and private placements.

Who are the key executives of Mercurity Fintech Holding Inc.?

Key executives include Shi Qiu, CEO of Mercurity Fintech, and Wilfred Daye, CEO of Chaince Securities.

How can I contact Mercurity Fintech for more information?

For inquiries, contact International Elite Capital Inc., Vicky Chueng at +1(646) 866-7989 or via email at mfhfintech@iecapitalusa.com.

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