Series 28: Introducing Brokers: Fully Disclosed

Introducing Brokers: Fully Disclosed

Broker-dealers that introduce their accounts to a clearing firm on a fully disclosed basis must maintain net capital of not less than $50,000. Introducing broker-dealers may receive but cannot hold customer or other broker-dealer securities. They may also participate in a firm commitment underwriting but may not commit to purchase its shares.

SEC Rule 15c3-1(a)(2)(iv)