Document Type
Article
Publication Date
1967
Abstract
The Securities and Exchange Commission today released the following staff interpretation of, and guide to computations under, its "net capital" Rule 15c3-l under the Securities Exchange Act of 1934 (the "Act"). 1/ This material, which was prepared jointly by the Commission's Division of Trading and Markets (the "Division") and Office of Chief Accountant, is intended to assist brokers and dealers in complying with Rule 15e3-1. This release is divided into two parts. Part I explains the operation of Rule 15c3-l, including the exemptions therefrom, and discusses the application of the rule with respect to questions frequently presented to the Division for interpretation. Part II of this release consists of an example of the computation of "net capital" pursuant to Rule 15c3-l made by a hypothetical broker-dealer, and includes a detailed trial balance work sheet with explanatory notes. The work sheet is merely illustrative of the application of Rule 15c3-l.
Relational Format
article
Series Title
Accounting Series Release No. 107;Securities Exchange Act of 1934 Release No. 8024
Recommended Citation
United States. Securities and Exchange Commission, "Net capital requirements for brokers and dealers -- Interpretation and guide" (1967). Federal Publications. 181.
https://egrove.olemiss.edu/acct_fed/181