Somerset Security invites you to “Empower Your Investments with Copy Trading”. It says its broker-dealer is registered with the US SEC, that it is a futures commission merchant registered with the CFTC, and that it is a member of FINRA and SIPC. It gives no registration number for any of them. New Zealand’s FMA has warned about somersetsecurityllc.com, a warning shared through IOSCO’s I-SCAN network in October 2026. The domain was registered on 12 February 2026.
Four US regulators, no numbers
Every genuine US broker-dealer has a CRD number you can look up on FINRA BrokerCheck in under a minute, and every futures firm has an NFA ID. Somerset Security names “Somerset Security Financial LLC” and “Somerset Security Advisors LLC” but shows neither. Elsewhere the same entity becomes “Somer Security Financial LLC”. A firm cannot be registered under a name it cannot spell consistently.
⚠ What the site leaves out
- No street address, phone number or email.
- No CRD, NFA or SEC file number.
- An FAQ asking about deposit limits with no answer shown.
- No copyright year.
Invested through Somerset Security?
Let us know which strategy you copied, how much you put in and how you paid.
Bring any statements or trade confirmations the platform produced.
Text borrowed from another firm
Some of the copy still mentions “Proprietary Technology that Avior has developed” and “MIFID Compliant Processes” — a European rulebook on a site that claims to be American. There is a “Risk Disclamer” too. These are the marks of text lifted from elsewhere and not read back.
Copy trading is a favourite cover story
Copy trading sounds passive and safe: you follow an expert and your account mirrors their trades. On a fake platform the trades are invented, so the “expert” always wins until you try to withdraw. Before you trust any copy-trading service, search its name on FINRA BrokerCheck and the SEC’s Investment Adviser Public Disclosure site. Somerset Security’s claims cannot be matched to an entry you can see.
The verdict: big US regulatory names with nothing you can verify. Check BrokerCheck before you pay anyone.
Sources: FMA (New Zealand) warning shared via IOSCO I-SCAN (October 2026); somersetsecurityllc.com (checked 23 October 2026); RDAP record. General information only.
