Series 14: 4.1.1.1. Activities Requirement

4.1.1.1. Activities Requirement

The activities requirement sets a dollar figure based on what kind of business the broker-dealer engages in. Here are some of the more common types of activities requirements.

Carrying firms, also called clearing firms, both handle customer orders and accounts, and keep custody of the funds and securities of their customers. Carrying firms have an activities requirement of $250,000 in minimum net capital.

Introducing firms keep customer accounts but do not hold customer funds or securities or carry customer accounts themselves. Instead, they have an arrangement with a carrying firm to maintain custody of their cust