Customer Protection Rule 15c3-3

New York Institute of Finance

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17

Customer Protection Rule 15c3-3

This course is now being offered online: Customer Protection Rule 15C3-3 - Online

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Module 1: Securities regulation overview

  • Securities exchange act of 1933-1934
  • Securities & exchange commission
  • Self-Regulatory Organization (SRO)
  • Designated Examining Authority

Module 2: Overview of SEC rule 15c3-3

  • Customer Protection rule
  • Relationship to Net Capital Rule
  • Inclusion in the FOCUS report
  • Securities and funds protection
  • Special reserve bank account
  • Firm vs. customer-related business
  • Liquidation of insolvent B/D

Module 3: Definitions and terms used in application of the rule

  • Customer
  • Omnibus account vs. Fully disclosed Broker Dealer
  • Fully paid securities vs. margin securities
  • Excess margined Securities
  • Restricted stock
  • Subordinated loans
  • Seg control
  • Haircuts
  • Qualified security
  • SFT, EFT, CMO (and the rest of the alphabet soup)
  • Possession or Control requirements
  • Exempt Security
  • Concentrated position
  • Subordinated Accounts
  • Special Bank Account

Module 4: Broker-dealer operations

  • Transaction cycle from market to settlement to asset servicing
  • Margined Securities and funding
  • Seg control
  • Corporate action control
  • Settlement allocations
  • Reading the Stock Record
  • Explanation of Stock Record's memo fields

Module 5: Protection of customer securities

  • Possession or control
  • Control locations
  • Accomplish vs. Instructional seg

Module 6: Reserve formula computation

  • Comparison between debits and credits
  • Exemptions
  • SEC exemptions
  • Frequency of computation

Module 7: Reserve formula - Credit side

  • Customer credit balances
  • Customer bank/security loan
  • Customer fail to receive
  • Credits in firm accounts
  • Short stock dividends and distributions
  • Short security differences
  • Suspense accounts
  • Unconfirmed transfers

Module 8: Reserve formula - Debit side

  • Customer debit balances
  • Partly secured accounts
  • Special omnibus or similar accounts
  • Undue concentration
  • Securities borrowed for customer transactions
  • Fail to deliver of customer securities
  • Margin required by options clearing corporation

Module 9: Work Exercises

  • Trial Balance account selection
  • Minimizing reserve deposit
  • Optimization of Seg
  • Standard and Alternate method computations
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Customer Protection Rule 15c3-3

In stock

$1,279.00

Summary