Customer Protection Rule 15c3-3

New York Institute of Finance


Register your interest below

Questions? We're here to help you

Please complete this form and a NYIF Career Advisor will assist you.

Please fill in the field.


Please complete this form and a NYIF Career Advisor will assist you.

Please fill in the field.


Please complete this form and a NYIF Career Advisor will assist you.

Please fill in the field.


Select preferred contact method

Schedule call

call center image


Please fill in the field.

Send us your questions

email image

Where Wall Street Goes to SchoolTM!

Please select a time and date from the calendar to book a 15-minute call with a NYIF Career Advisor.

You can also reach us on +1 347 842 2501 or

Something went wrong, please try again later!


Customer Protection Rule 15c3-3

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

Learn now pay later with

To make it even easier to learn, you can finance your program through Affirm.

Loans offered through Affirm are available in the U.S. and Canada.

  • Easy monthly payments

    Learn more

  • Flexible payments

    Pay your monthly bill using a bank transfer, check, or debit card.

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
Customize Customer Protection Rule 15c3-3

* Required Fields

Your Customization
Customer Protection Rule 15c3-3

In stock