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Net Capital Requirements
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9 Months Ended | ||
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Sep. 30, 2011
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| Net Capital Requirements |
As
a registered broker-dealer, Ladenburg is subject to the SEC’s
Uniform Net Capital Rule 15c3-1, which requires the
maintenance of minimum net capital. Ladenburg has elected to
compute its net capital under the alternative method allowed by
this rule. At September 30, 2011, Ladenburg had net
capital, as defined by such rule, of $9,115, which exceeded its
minimum capital requirement, as defined, of $250, by
$8,865.
Investacorp
and Triad are also subject to the SEC’s Uniform Net Capital
Rule 15c3-1, which requires the maintenance of minimum net
capital and requires that the ratio of aggregate indebtedness to
net capital, both as defined in such rule, shall not exceed 15 to
1. At September 30, 2011, Investacorp had net capital of $1,809,
which was $1,531 in excess of its required net capital of $278.
Investacorp’s net capital ratio was 2.3 to 1. At September
30, 2011, Triad had net capital of $3,466, which was $3,144 in
excess of its required net capital of $322. Triad’s net
capital ratio was 1.4 to 1.
Ladenburg,
Investacorp and Triad claim exemptions from the provisions of the
SEC’s Rule 15c3-3 pursuant to paragraph (k)(2)(ii) of
such rule as they clear their customer transactions through a
correspondent broker on a fully disclosed basis.
Premier,
chartered by the state of Nevada, is subject to regulation by the
Nevada Department of Business and Industry Financial Institutions
Division. Under Nevada law, Premier must maintain
minimum stockholder’s equity of at least $1,000. At September
30, 2011, Premier had stockholder’s equity of
$1,790.
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