Many people prepare for the inevitability of death by creating wills or trusts, spelling out instructions about medical care through advance directives, and naming beneficiaries on retirement accounts. Sometimes overlooked in estate management is the transfer of securities that are in a non-retirement brokerage account, aspects of which can be planned ahead of time.
Publication Date: February 23, 2023
Interpretations are marked in blue background beneath the rule text to which they relate.
15c3-1g Conditions for ultimate holding companies of certain brokers or dealers (Appendix G to 17 CFR 240.15c3-1).
As a condition for a broker or dealer to compute certain of its deductions to capital in accordance with § 240.15c3-1e, pursuant to its undertaking, the
Reporting Relief Relating to Customer and PAIB Reserve Formula Computations and Required Deposits Around the December 2012 Month-End Holidays
SUGGESTED ROUTING:*
Senior ManagementInternal AuditLegal & Compliance*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The Securities and Exchange Commission (SEC or "the Commission") has issued Release No. 34-28927, adopting amendments to Rule 15c3-1 (the "Rule") with respect to withdrawals of net capital. The
Market are only efficient when investors have the choices and the ability to invest in all asset classes. Limiting individual choices on major asset classes would only make the capital markets more risky and encourage individual to take on riskier positions.
SUGGESTED ROUTING
Senior Management
Internal Audit
Legal & Compliance
Operations
Systems
Executive Summary
The Securities and Exchange Commission (SEC) is requesting comment on proposed amendments to Rule 15c3-1, the Net Capital Rule. The SEC proposes to create a new category of broker/dealer for affiliates conducting an OTC derivatives business that would have
Financial Reporting Relief
Regulatory Notice
Notice Type
Guidance
Referenced Rules & Notices
SEC Rule 15c3-3
Suggested Routing
Capital and Accounting Staff
Compliance
Chief Financial Officer
Executive Representative
Legal
Senior Management
Key Topic(s)
Customer Reserve Formula Computation
FOCUS Filing
PAIB
Day of Closure
Regulatory Notice
Notice Type
Guidance
Referenced Rules & Notices
Federal Reserve Board Regulation T
FINRA Rule 4210
FINRA Rule 4230
FINRA Rule 4521
FINRA Rule 4524
SEA Rule 15c3-1
SEA Rule 15c3-3
SEA Rule 17a-5
Regulation SHO
Suggested Routing
Compliance
Legal
Margin Department
Operations
Investment fraud involving the use of artificial intelligence (AI) is on the rise. Increasingly, fraudsters are using generative AI (GenAI) tools to gain access to financial accounts and create new accounts in the names of unsuspecting investors. Learn steps you can take to help protect yourself.
Leveraged funds are a great tool for building wealth, especially for those of us without large amounts of capital to begin with.
There is plenty of peer reviewed academic research that using leverage when you're young offers increased risk adjusted returns.
There is also a MAJOR logistical issue in implementing this ban that would RUIN many people financially. Leveraged ETFs are volatile
