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When per week, the brokerage needs to calculate just how much cash or cash-equal securities it demands. All those then have deposited inside of a Particular reserve account. That account is isolated from consumers’ money, which is able to be shielded In the event the brokerage company goes under. SEC Rule 15c3-three isn’t the only real rule

B. Pursuant to § six.two-1824 on the Code of Virginia, a licensee shall be topic to a different great civil penalty of approximately $1,000 For each violation on the Act, this chapter, or other regulation or regulation relevant into the perform of your licensee's business. If a licensee violates any provision of the Act, this chapter, or other leg