FINRA’s BrokerCheck

Our Clearing & Custody Partner

LaSalle St. and Fidelity

Working Together, Helping to Serve Your Best Interests.

Fidelity Investments is one of the world’s largest providers of financial and brokerage services. Established in 1983, the firm is also one of the largest mutual fund companies in the United States. Fidelity’s goal is to make financial expertise broadly accessible and effective in helping people live the lives they want.

As part of our effort to provide you with quality service, we have an agreement with Fidelity Clearing & Custody Solutions, A Fidelity Investments Company, to provide trade execution, clearing, and related services for your brokerage account.

As custodian of your brokerage account, Fidelity Clearing & Custody Solutions, at the direction of LaSalle St., is responsible for:

  • The execution, clearance, and settlement of securities transactions
  • The preparation and delivery of transaction confirmations and account statements
  • The custody (or safekeeping), receipt, and delivery of funds and securities
  • The extension of margin credit upon approval

Regulatory Controls for Your Protection

As a registered broker-dealer, Fidelity Clearing & Custody is subject to the rules and regulations of the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and other exchanges of which Fidelity Clearing & Custody is a member, and the Municipal Securities Rulemaking Board (MSRB). These regulatory organizations have certain rules and regulations that Fidelity Clearing & Custody must follow to safeguard your assets, including:

  • Keeping accurate records of your assets held at Fidelity Clearing & Custody
  • Maintaining net capital at required levels

In compliance with SEC rules, Fidelity Clearing & Custody is audited every year by an independent public accounting firm. Further, as a member of the New York Stock Exchange (NYSE) and of FINRA, and in keeping with its being registered with the SEC, Fidelity Clearing & Custody is subject to these organizations’ regulatory oversight and examinations.