Statutes, codes, and regulations
Oklahoma Administrative Code
Title 660 - Department of SecuritiesChapter 11 - Oklahoma Uniform Securities Act of 2004Subchapter 5 - Broker-Dealers and Agents
Part 3 - LICENSING PROCEDURES
Section 660:11-5-17 - Net capital for broker-dealers

Okla. Admin. Code § 660:11-5-17

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Current through Vol. 41, No. 19, June 17, 2024
Section 660:11-5-17 - Net capital for broker-dealers
(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.

Okla. Admin. Code § 660:11-5-17

Added at 21 Ok Reg 2532, eff 7-1-04