Series 24: Net Capital Requirements For Different Types Of Firms

Taken from our Series 24 Online Guide

Net Capital Requirements for Different Types of Firms

Member firms are required to keep certain net capital requirements.

If a firm discovers that its net capital is less than 120% of its required minimum, it must notify FINRA and the principal and regional offices of the SEC within 24 hours of the discovery. This notifies the regulatory authority that the firm is getting close to hitting its minimum requirement so that the

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