Yes. In Hapi, you are the owner of the shares you buy on our platform. Hapi is a broker-dealer, an intermediary that executes buy or sell operations on your behalf. Once the operation execution time (T+1) has been completed, the shares are yours. You are the sole holder.
What does it mean to be the holder of the shares?
Being the owner of the shares gives you some benefits such as voting rights, dividend payments, and any other rights that correspond by law. Additionally, being the owner implies that the assets you have are not on Hapi's books and are not mixed with Hapi's accounts as a company. They can never be affected or considered as collateral to cover any obligations of Hapi.
How does it work?
Hapi does not engage in Contracts for Difference (CFD) trading. CFDs are instruments commonly used by market makers, companies that include a margin or spread in their buying or selling prices, and whose operations are carried out with themselves, not with the operators associated with the stock market. Being a market maker and a broker dealer at the same time is illegal in the United States, where Hapi operates and is licensed. In the US, these operations must be executed by independent companies. Finally, in Hapi, execution prices are governed by the NBBO (National Best Bid Offer) quote, which means that as a broker, when you place a market order, we are legally obliged to find the best available price in the market to complete the desired operation.
What guarantees the security of my assets?
US government regulations, SEC customer protection rules (Securities Exchange Commission of the United States), FINRA regulations, as well as the SIPC insurance and Hapi's own insurance policy, assures the protection of client assets.
You can find all official purchase reports in the reports section of our app. More information on how to find them here.
If you have any questions about this or any other topic, our team is always ready to help.
You can contact our support team here. We're here to help!