Series 65: 8.9.2. Net Capital Requirements Of Broker-Dealers

8.9.2. Net Capital Requirements of Broker-Dealers

As they do with investment advisers, states require broker-dealers to meet net capital requirements both prior to registration and at all times while their registration remains active. Unlike the simpler investment adviser’s requirements, however, the broker-dealer capital requirements use complex formulas that go beyond the scope of the Series 65 exam. It’s sufficient to say that you need to know that broker-dealers are subj