Veteran and Minority-Owned Status

Academy Securities is a FINRA registered US Broker-Dealer, California-certified Disabled Veteran Business Enterprise (DVBE) and verified Federal Service Disabled Veteran Owned Small Business (SDVOSB) as well as a certified Minority Business Enterprise (MBE).

Doing business with Academy helps municipal debt issuers, investment management firms, public, corporate, and multi-employer pension funds, and other public and private entities fulfill their Veteran, DVBE, SDVOSB and MBE goals and mandates.

The Disabled Veteran Business Enterprise (DVBE) Program was originally established in 1989 under Military and Veterans Code Section 999 and Executive Order D-37-01, and is administered within the Department of General Services. State and Federal agencies are to award at least 3% of annual contracting dollars to DVBE/SDVOSB firms directly or indirectly.

For a firm to be eligible for DVBE status, it must be at least 51% owned by one or more disabled veterans, and the daily business operations must be managed and controlled by one or more disabled veterans. A disabled veteran is defined as a veteran of the US military service with honorable discharge and a service-connected disability of at least 10% or more from the Veterans’ Administration.


Source: National Veteran-Owned Business Association