Rule 15c3-1: Capital Adequacy

Method: Instructor-led training
Time:  8:30 am - 5:00 pm
Instructor: Tom Santulli
Fee:  Call for details (212) 851-8414 or email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Download Course Agenda

The Rule 15c3-1: Capital Adequacy course is intended to provide an understanding of the financial/operational responsibilities mandated by the Securities and Exchange Commission Regulation 240.15c3-1 and how these requirements impact daily business activities.  The course includes accounting and periodic reporting requirements, net capital calculations and broker-dealer contractual commitments.

Learning objectives:

• Explore historical circumstances leading to the current financial and record keeping rules
• Discuss the reporting and accounting records maintained by broker-dealers
• Review the overlapping relationships of the Net Capital Rule 15c3-1, Customer Protection Rule 15c3-3, and the record keeping and financial reporting requirements of Rules 17a-3, 17a-4 and 17a-5
• Identify minimum “dollar” net capital requirements triggered as a result of broker-dealers activities
• Learn the distinctions between Aggregate Indebtedness and Aggregated Debit requirements
• Analyze Debt to Debt/Equity Requirements of Rule 15c3-1
• Discuss the components of a Non Allowable Asset and the causes of Operational Penalties
• Review “haircut” reductions in the market value of proprietary inventory positions
• Explore marketability requirements of Rule 15c3-1
• Describe contractual commitments and “moment in time” requirements  

Who should attend:

• Supervisory financial and operations staff, auditors, legal/compliance and risk management staff, sales professionals, and regulatory reporting training staff.

Rule 15c3-1: Capital Adequacy - Course Agenda