Brokerage Accounting and Regulatory Reporting
Learn the basics of brokerage accounting, as well as the SEC's Net Capital Rule (Rule 15c3-1) and Customer Protection Rule (Rule 15c3-3). Focus on how these rules interact with Operations and their daily processes.
CPE Credits: 7
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0 : Economics and ledger entries of margin transactions
1 : Reg T
2 : NYSE Rule 431
3 : Margin calls
0 : Scope and purpose of Rule 15c3-1
1 : Varying minimum net capital requirement
2 : Definitions
3 : Aggregate indebtedness
4 : Subordinated liabilities
5 : Non allowable assets definition and examples
6 : Other charges to net capital
7 : Haircuts on securities positions
0 : Customer protection rule
1 : Securities and funds protection
2 : Firm versus customer-related business
3 : Special reserve bank account
0 : Possession or control
1 : Control locations
2 : Requirements by location
3 : Reasons for violations
0 : Comparison between debits and credits
1 : Exemptions
2 : Frequency
0 : Purpose
1 : Methodology
2 : Optimizationc
0 : Customer credit balances
1 : Customer bank loan
2 : Customer stock loan
3 : Customer fail to receive
4 : Credits in firm accounts for sales to customers
5 : Short stock dividends
6 : Short security differences
7 : Suspense accounts
8 : Unconfirmed transfers
0 : Customer debit balances
1 : Partially secured debits
2 : Undue concentration
3 : Securities borrowed to complete short sales
4 : Customer-related fails to deliver
5 : Margin required by Options Clearing Corp.