Course Details
CPE Credits: 3.0
Field of Study: Specialized Knowledge
Prerequisites: Basic familiarity with broker-dealer financial statements and SEC financial responsibility concepts.
Advanced Preparation: None
Program Level: Intermediate
Delivery Method: Group Internet Based
Location / Platform: Virtual
Time Zone: Eastern Time
Course Description
A practical course on SEC Rule 15c3-1 and the mechanics of the broker-dealer net capital computation. Topics include minimum net capital requirements, tentative net capital, allowable and nonallowable assets, haircuts, indebtedness considerations, capital withdrawals, and compliance and audit implications.
Learning Objectives
Upon completion of this course, participants will be able to:
Explain the purpose and fundamental requirements of SEC Rule 15c3-1.
Determine a broker-dealer’s minimum net capital requirement based on its business activities.
Calculate tentative net capital and net capital after applying required deductions, nonallowable assets, and securities haircuts.
Identify circumstances that may result in net capital deficiencies, withdrawals of capital restrictions, or regulatory notification requirements.
Evaluate the broker-dealer’s net capital computation and supporting documentation for compliance with Rule 15c3-1.
Instructor
Harley Aronoff, CPA
CPE Policies
Complaint Resolution Policy
For complaints or concerns regarding this program, contact Blue Diamond Audit & Regulatory Advisors by email at Concierge@bluediamondauditadvisors.com
Attendance Requirements
Participants must attend the entire program and actively participate in all sessions to receive full credit.
Partial credit will not be awarded.
Refund / Cancellation Policy
Refund requests must be submitted in writing at least 10 days prior to the program date. If Blue Diamond Audit Advisors must cancel a training course, participants will receive a full refund or a credit for a future training course, valid for up to 1 year from the date of the canceled event. Participants will be notified of any cancellation via email at the address provided during course registration.
Blue Diamond Audit & Regulatory Advisors is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.