Rule 15c3-3 The Customer Protection Rule – Virtual

The Customer Protection Rule (Rule 15c3-3) and the Reserve Formula computation form the core of protecting customer assets that reside in US broker dealers. This class will give you an overview of the Rule.

Take this class without ever leaving the office via our Virtual Classroom (Virtual NYIF). Accessible from any internet connected computer - regardless of where you are geographically. All you need is an internet connection, a browser and speakers or audio headphones!

No sessions currently available. Contact client services to get the next available date.
CPE CREDITS
1.5
Individuals responsible for the 15c3-1 computation; Individuals whose firms use the alternate method and need to understand the complexities of the standard method; Brokerage firm's accounting, finance and regulatory personnel; Regulatory personnel wanting to understand the origin of the component parts to the computation; Personnel from industry service organizations responsible for monitoring broker dealer's capital
No advance preparation required.
This is a LIVE online class
Take this class without ever leaving the office via our Virtual Classroom (Virtual NYIF). Accessible from any internet connected computer - regardless of where you are geographically. All you need is an internet connection, a browser and speakers or audio headphones!
Rule 15c3-3 The Customer Protection Rule
Overview
  • Customer protection rule
  • Securities and funds protection
  • Firm vs customer related business
  • SIPC
  • Special reserve bank account

Reserve Formula Computation

  • Comparison between debits and credits
  • Exemptions
  • Frequency
  • Customer
  • Omnibus vs fully disclosed
  • Fully paid vs margined securities
  • Possession vs. control
Duration; 1.5 hours

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