First Independent Financial Group (First Group)

First Group, founded in 1980, is a private holding company that owns several public and private subsidiaries that operate as non-GAAP stand-alone companies. First Group does not issue any class of securities registered pursuant to Section 12 of the Securities Exchange Act of 1934 or that is required to file reports pursuant to Section 15(d) of the Securities Exchange Act of 1934. First Group headquarters is located in Washington, DC. It is currently comprised of three (3) public companies: Protective Capital Structure Corporation (PCSO), Relm Holdings, Incorporated (RELM), and Access Versalign, Incorporated (AVI).

A holding company is typically described as a business that exists solely to own and manage its investments in other companies, and does not engage in its subsidiaries operations. An operating Company, however, produces goods or provides services to customers.

First Group serves as the ultimate parent company and must make application under 12 U.S. Code §1843 (j). Its financial institution PCSO has operated as a nonbank lender. It has extended credit using margin rules in providing stock loans under the guidelines of regulation U or T, pursuant to the Securities Exchange Act of 1934, and 15 U.S. Code 78. It must make application to the Federal Reserve Bank as a nonbank lender in that it has over $200,000 of credit extended on margin.

Organizational Chart of the CEO Executive Officers Company Hierarchy

First Group owns several insurance companies and private bond shelf. Its insurance companies, financial institution and private bond shelf operates under its financial unit in providing Non-Dilutive Equity Capital (NDEC).  To date, this unit has committed over $95 billion to 34 operating companies mostly owned by First Group.

Two (2) of the 34 operating companies are currently quoted on the OTC Markets. One other company is pending. They are:

Name and Stock Symbol
1)  Protective Capital Structure Corporation  “PCSO”
2)  Relm Holding Inc. “RELM”
3)  Access Versalign, Inc. “AVERZZ” (Pending)

In its 39 year history,  First Group has been responsible for engineering and designing several financial products. Its flagship product integrates traditional financial products as one unit to provide NDEC. This is a tax deferred structure that builds equity and uses a defeasance instrument to discharge all debt before maturity. As a matter of law, the integrated parts or components must be viewed as one and cannot be interference with nor interrupted.