- (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 Rule 15c3-1 under the 1934 Act [17 C.F.R. §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.
Added at 21 Ok Reg 2532, eff 7-1-04
Amended at 42 Ok Reg, Number 20, effective 8-15-25