NET-CAPITAL RULES

NET-CAPITAL RULES

net-capital rules. Securities. Basic financial-responsibility standards adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934. ? Under these rules, securities brokers are required to maintain a minimum level of capitalization and to maintain aggregate indebtedness at a level less than a specified multiple of the broker’s net capital. 15 USCA ¡ì 780(c)(3); SEC Rule 15c3-1 (17 CFR ¡ì 240). [Cases: Securities Regulation 40.13. C.J.S. Securities Regulation ¡ì 159.]
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