SECTION 660:11-5-17. Net capital for broker-dealers

Latest version.

(a) General requirement. All broker-dealers registered under the Securities Act shall at all times have and maintain net capital of no less than the highest minimum requirement applicable to each broker-dealer as established by the SEC in 17 CFR 240.15c3-1.
(b) Calculation of "net capital. " As used in this subchapter, net capital shall mean the net worth of a broker-dealer calculated according to the formula established by the SEC.

[Source: Added at 21 Ok Reg 2532, eff 7-1-04]

                    
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