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Home > Financial Services > Stock Brokers > Popular Securities,inc.
Popular Securities,inc.
Popular Securities is a member of NASD, the National Association of Securities Dealer. NASD is a self regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
The Company is a registered broker dealer pursuant to section 15b of the Securities Exchange Act of 1934. In addition, the Company is licensed by the Office of the Commissioner of Financial Institutions of the Commonwealth of Puerto Rico as a registered broker dealer and as an eligible similar institution under Regulation 5105. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America and industry practices.
On October 22, 1999 the Company created a trust to invest the amount deferred less than one of the non voluntary plans, if so elected by participant. The Trust’s assets are subject to the claims of the Company’s creditors in the event of the Company’s insolvency until paid to participants at such time. Securities owned are valued at market or estimated fair value, if market value is not readily determinable. Unrealized gains and losses on securities, including forward, futures and options contracts, if any, are reflected in the Statement of Income.
It is the Company's policy to take possession of securities purchased under resale agreements and such collateral is not reflected in the financial statements. The Company monitors the market value of the securities received as collateral under the resale agreements as compared to the related receivable, including accrued interest, and requests additional collateral when deemed appropriate.
The firm’s mission is to create long term relationships through the provision of high quality advice and transactional executions. They believe an informed market is an efficient market. With a focus on the rural and independent communications provider industry, they strive to distinguish themselves by their specific market expertise, their ability to provide a full complement of industry specific services and their extensive network of industry financial and business relationships. The Company maintains control over the securities sold under repurchase agreements. The securities pledged as collateral under such agreements are included in the financial statements.
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