Oversight, Safety & Security

Regulatory Oversight

Operating as a trust company under authority granted by the State of South Dakota, Equity Trust is a state regulated financial institution.  South Dakota law mandates regular audits of trust companies performed by state auditors.  Equity Trust exceeds all state trust company capital requirements and is required to comply with all applicable state statutes and regulations mandated by the South Dakota Division of Banking.

Equity Trust’s broker-dealer affiliate (ETC Brokerage Services) is a member of the Financial Industry Regulatory Authority (FINRA) and registered with the Securities and Exchange Commission (SEC).  Client directed brokerage transactions that are effected through the trust company’s broker-dealer affiliate are unsolicited. 

In addition, the Internal Revenue Code sets high standards for custodians of IRA Accounts and Equity Trust is required to comply with numerous complex IRS reporting and recordkeeping requirements.