SEC Customer Protection Rule15c3-3 Explained
The SEC Customer Protection Rule 15c3-3 was created in 1972 and functions as a safeguard regarding the custody and use of customers’ funds and securities in the conduct of the broker-dealer business. The rule is made up of two parts. Part one requires the broker-dealer to promptly obtain possession or control of all fully paid for and excess margin securities. The second part requires that a broker-dealer segregate all customer cash that has not been used to finance transactions of other customers.
About The Instructor
Jack Farmer, Curriculum Director at the New York Institute of Finance, specializes in training and consulting solutions for portfolio risk management, FX and interest rate derivatives and trading, equity index and volatility trading, equity derivatives and structured equity products, financial statement analysis and hedge accounting.
Learn more about Customer Protection Rule 15c3-3
In the Customer Protection Rule 15c3-3 online course, you will be provided an opportunity to learn how the three main purposes of the Rule 15C3-3 protect customers interests and how they affect the regulatory environment within firms. You will review how control requirements are calculated and what action is necessary when securities are in deficit.
What is the Fast Finance series?
The New York Institute of Finance presents the Fast Finance video series – a curated playlist of quick-fire financial lessons pertaining to the securities industry. Fast Finance provides expert knowledge to entry-level analysts to heads of central banks ranging from fast-paced breakdowns of industry developments to complex deep drives into regulations, compliance and securities valuation.
Best of all, these quick, micro-lessons from NYIF are free to access! To view more Fast Finance lessons, click here.
About NYIF
The New York Institute of Finance (NYIF) is a global leader in professional training for financial services and related industries. NYIF courses cover everything from investment banking, asset pricing, insurance and market structure to financial modeling, treasury operations, and accounting. The New York Institute of Finance has a faculty of industry leaders and offers a range of program delivery options, including self-study, online courses, and in-person classes. Founded by the New York Stock Exchange in 1922, NYIF has trained over 250,000 professionals online and in class, in over 120 countries.
See all of NYIF’s training and qualifications here.
Questions or concerns? Contact us at (347) 842-2501 or email customerservice@nyif.com.
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