Investment Operations

SEC Net Capital Rule 15c3-1

Categories Compliance, Operations

Course Instructor

Course Level

Intermediate

Certification

Certificate

Delivery

Via Zoom

Hours (EST)

1:00pm - 5:00pm​

Description

*This course can be offered upon request and can be customized to fit your team’s needs.

Related Course: SEC Customer Protection Rule 15c3-3

Date: TBD

This half-day virtual course on SEC Net Capital Rule 15c3-1 will cover the following topics:

Background History of the Rule 

  1. Pre-1934 SEC regulation
  2. Securities & Exchange Acts of 1933 & 1934
  3. Pre-1975 SEC/NYSE regulations and reporting requirements
  4. The paperwork crisis and broker-dealer failures
  5. Securities Investor Protection Act
  6. Capital adequacy and  customer asset protection rules

Current Financial, Operational, and Record-Keeping Requirements

  1. Books and records requirements SEC Rules 17a-3,4,5
  2. Firm and customer asset segregation  SEC Rule 15c 3-3
  3. Net Capital Liquidity Requirements  SEC rule 15c3-1

Financial and Operational Reporting Requirements

  1. The FOCUS Report and Annual Audit Report
  2. Rule 15c3-3 Reserve requirements Cash vs. Securities
  3. SEC/FINRA regulatory oversight and exception reporting

Broker-Dealer Accounting

  1. GAAP accounting
  2. Recording securities locations
  3. Unique transactions
  4. Deliveries
  5. Lending
  6. Subordinated Debt

The Net Capital Computation

  1. Minimum Net Capital “24/7” requirements
  2. Types  of Broker-Dealers
  3. Aggregate Indebtedness (“AI”) vs. Aggregate Debits (“ADI”)
  4. Debt to Net Worth requirements
  5. Components of the computation

The Net Capital Computation (Continued)

  1. Non-Allowable Assets-noncurrent  and unsecured
  2. Operational  penalties
  3. Marketable and non-marketable Securities
  4. Securities “Haircuts” categorization and optimization
  5. Contractual commitments and moment-in-time requirements

Summary & Questions

In-House Training

Custom Training can help you achieve your corporate training goals while staying on budget and focusing the content on the needs of your group. Email your questions regarding corporate training to training@investmentoperations.net.

2024 Training Calendar

Training Catalogue

Course Instructor

Course Level

Intermediate

Certification

Certificate

Delivery

Via Zoom

Hours (EST)

1:00pm - 5:00pm​

Description

*This course can be offered upon request and can be customized to fit your team’s needs.

Related Course: SEC Customer Protection Rule 15c3-3

Date: TBD

This half-day virtual course on SEC Net Capital Rule 15c3-1 will cover the following topics:

Background History of the Rule 

  1. Pre-1934 SEC regulation
  2. Securities & Exchange Acts of 1933 & 1934
  3. Pre-1975 SEC/NYSE regulations and reporting requirements
  4. The paperwork crisis and broker-dealer failures
  5. Securities Investor Protection Act
  6. Capital adequacy and  customer asset protection rules

Current Financial, Operational, and Record-Keeping Requirements

  1. Books and records requirements SEC Rules 17a-3,4,5
  2. Firm and customer asset segregation  SEC Rule 15c 3-3
  3. Net Capital Liquidity Requirements  SEC rule 15c3-1

Financial and Operational Reporting Requirements

  1. The FOCUS Report and Annual Audit Report
  2. Rule 15c3-3 Reserve requirements Cash vs. Securities
  3. SEC/FINRA regulatory oversight and exception reporting

Broker-Dealer Accounting

  1. GAAP accounting
  2. Recording securities locations
  3. Unique transactions
  4. Deliveries
  5. Lending
  6. Subordinated Debt

The Net Capital Computation

  1. Minimum Net Capital “24/7” requirements
  2. Types  of Broker-Dealers
  3. Aggregate Indebtedness (“AI”) vs. Aggregate Debits (“ADI”)
  4. Debt to Net Worth requirements
  5. Components of the computation

The Net Capital Computation (Continued)

  1. Non-Allowable Assets-noncurrent  and unsecured
  2. Operational  penalties
  3. Marketable and non-marketable Securities
  4. Securities “Haircuts” categorization and optimization
  5. Contractual commitments and moment-in-time requirements

Summary & Questions

In-House Training

Custom Training can help you achieve your corporate training goals while staying on budget and focusing the content on the needs of your group. Email your questions regarding corporate training to training@investmentoperations.net.

2024 Training Calendar

Training Catalogue

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