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Canada
2019 (7 Years)
Last online: No recent activity
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This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Family Security Financial
Company Information
Get to know Family Security Financial
Founded in 1999 in Honolulu, Hawaii, Family Security Insurance Company (FSI) was established to provide homeowner's insurance. It later expanded its operations to other states, including South Carolina, Louisiana, Florida, and Texas. FSI operated as a subsidiary of United Property & Casualty Insurance Company (UPC). In early 2023, following significant financial losses, the parent company UPC was ordered into liquidation by the Florida Office of Insurance Regulation. As a result, Family Security Insurance Company was also placed into receivership, ceased writing new business, and is currently in the process of an orderly run-off of its existing policies.
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