Yes, Nomad complies with all governing laws and works with regulated partners. When you open an investment account using the Nomad app, you have an account with our brokerage partner DriveWealth.
DriveWealth LLC is a U.S. brokerage company registered with the local regulator SEC (U.S. Securities and Exchange Commission).
Its assets are kept with DriveWealth and are also protected by the Securities Investor Protection Corporation (SIPC), which protects American investors. To learn more about SIPC, click here.
DriveWealth is also regulated by FINRA (Financial Industry Regulatory Authority). You can check DriveWealth LLC's regularity in the USA and more details about the company on the website of Brokercheck