Series 28: Securities Borrowed

Taken from our Series 28 Online Guide

Securities Borrowed

A deduction of 1% of the market value of borrowed securities that are collateralized by an irrevocable letter of credit must be applied, regardless of whether the letter of credit is secured or unsecured.

SEC Rule 15c3-1(c)(2)(iv)

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Nikita Brown, BMI. Atlanta, GA

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Gayle Espinosa. Los Angeles, CA

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