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Details

Series 24
Net Capital Info
7
Finance
Professional
06/10/2012
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Cards

Term
Prime Broker
 Definition
1,500,000 Capital Requirement
Term
Carrying Firm (carries and holds acct)
 Definition
250,000
Term
Dealers, Market Makers
 Definition
100,000 max 1,000,000 for Market Maker
Term
Non Carrying Firms (fully disclosed) receives customer securities for delivery and clearing
 Definition
50,000
Term
Non carrying firms that do NOT receive funds or securities
 Definition
5000
Term
DPP or M&A activities
 Definition
5000
Term
Wire orders
 Definition
25,000
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