Kimber Digital Securities joins FINRA, registered in two states
Kimber Digital Securities is an SEC broker-dealer and FINRA member from October 27, 2026, approved in Iowa and Mississippi, with securities outside the firm.
Kimber Digital Securities LLC has been registered with the US Securities and Exchange Commission (SEC) as a broker-dealer, and approved as a member of the Financial Industry Regulatory Authority (FINRA), since October 27, 2026. The BrokerCheck report lists CRD number 339774 and SEC file number 8-71468. The firm announced the membership on November 10, 14 days later, with Mississippi and Iowa already the approved states. The firm summary marks Kimber Digital Securities active under FINRA's New York office. Customer funds and securities sit outside the firm.
Who controls the broker-dealer
The firm is a Delaware limited liability company formed on November 5, 2025, at 20 West 34th Street, Suite 7700, New York, NY 10118. Sole member Kimber Labs Inc. holds 75% or more from November 2025 and directs management. Chief Executive David John Caruso, CRD number 1261444, from December 2025, and Chief Compliance Officer and Director of Compliance Justin P. Vose, CRD number 4558668, from March 2026, also direct management. Financial and Operations Principal Peter Sergey Sinelnikov, CRD number 6493208, from April 2026, sits outside that group. Christopher Yin, CRD number 8205525, and Theodore Pornprinya, CRD number 8205529, each hold 25% but less than 50% of Kimber Labs and sit outside direction of the broker-dealer, while the release presents Yin as the parent's chief executive.
| Regulator | Status on the report | Date effective |
|---|---|---|
| SEC | Approved as a broker-dealer | October 27, 2026 |
| FINRA | Approved | October 27, 2026 |
| Mississippi | Approved | October 30, 2026 |
| Iowa | Approved | November 2, 2026 |
What registration permits
New York is absent from the approved-state list despite the main office there. Section 15 of the Securities Exchange Act is the federal gate: subsection (a) requires registration before a broker or dealer uses interstate commerce to effect securities transactions or to induce them, aside from exempted securities, and subsection (b) keeps that order from taking effect until the firm joins a registered securities association, or an exchange where it trades only, aside from a Commission exemption. Kimber Digital Securities received both approvals on one day, and state permission on this report stops at two jurisdictions.
Five business types are listed as engaged in or expected: over-the-counter equity retailing, mutual fund retailing, listed trades through an exchange member, private placements, and a residual line for an electronic trading system and a digital asset securities alternative trading system, including a three-step version for subscribers. On the SEC alternative trading system list, a venue is a further filing: Form ATS is a notice before operations, rather than an approval issued in advance. A full-text EDGAR search from January 1, 2024 through November 12, 2026 returned an empty hit list, fitting a Form BD that lives in the CRD.
On the clearing page, Kimber Digital Securities does not hold or maintain funds or securities, does not clear for other broker-dealers, and third-party maintenance of customer accounts is marked in the negative. The token in the release, a claim on securities held at the Depository Trust Company, still needs the carrying relationship that section leaves open.
What the November 10 release still places ahead
The November 10, 2026 announcement said Kimber Digital Securities held FINRA membership and SEC registration, and described stocks, exchange-traded funds (ETFs) and bonds in self-custodial wallets, dividends and votes included. Stablecoin apps would offer SEC-regulated tokenised fund shares once GENIUS Act rules are in force, and both that plan and the depository entitlements are placed in development. The release cites $250 million of total value locked and about $1 billion of volume as of September 30, 2026, for an affiliated vault protocol rather than for Kimber Digital Securities.
Salman Banaei, identified in the announcement as general counsel of parent Kimber Labs Inc., called registration "a threshold, not a finish line". Membership in FINRA and registration with the SEC do not imply endorsement of Kimber Digital Securities or of any product in the release, the firm's own caveat, and the parent's regulation page, fetched on November 11, 2026, still described the broker-dealer and alternative-trading-system filings as under review.
The North Capital broker-dealer and alternative trading system transaction shows a buyer taking a venue and a transfer agent with membership, and the Oasis Pro Fund/SERV account shows a depository seat whose cash still settles on the fund rail. The broker test the SEC left standing keeps that membership as the gate for other people's securities transactions, separate from an issuer-sponsored share register. Until a new state row, a Form ATS filing or a carrying line appears, Kimber Digital Securities remains a two-state FINRA member with the wallet product still ahead of the record.
This article is informational analysis only and is not financial, investment, or trading advice. Cryptocurrencies are highly volatile and can lose substantial value rapidly. Past performance and historical patterns do not guarantee future results. Do your own research and consult a regulated financial adviser before making any investment decision.
Reporting by Karthik Subramanian. Filed 11 November 2026, 07:16 GMT.
Digital Assets Correspondent
Karthik Subramanian is a founder, writer, and technology consultant with nine years in the crypto ecosystem.
