| Website | torreypinessecuri... |
| Category | Other |
| Phone | (858) 259-9921 |
| Employees | 30 |
| Description | Financial Services |
Headquartered in San Diego, Torrey Pines Securities is a high-tech brokerage and VC investment firm.
TPS clears and executed trades through National Financial Service, LLC(NFS), a member of the New York Stock Exchange and SIPC. National Financial Services, LLC currently maintains custody of over $1.7 trillion in investor assets as of June 2008.
NFS handles the delivery and receipt of securities purchased or sold by our clients, receives and distributes payments therefore, and maintains custody of all securities and funds once they are in possession and control.
NFS receives and distributes dividends and other distributions, processes exchange offers, right offerings, warrants and tender offers and redemptions. NFS extends all credit to our margin accounts. NFS prepares all confirmations and monthly or quarterly statements.
Securities in accounts carried by NFS, a Fidelity Investment Company, are protected by the Securities Investor Protection Corporation (SIPC) up to $500,000 (including cash claims limited to $100,000). NFS has arranged for additional insurance protection for cash and securities to supplement its’ SIPC coverage. This additional protection covers total account net equity in excess of the $500,000/$100,000 coverage provided by SIPC.
