Series 3: 7.3.5.4. Net Capital Requirement: Independent IBs

7.3.5.4. Net Capital Requirement: Independent IBs

For the CFTC, non-guaranteed introducing brokers must maintain adjusted net capital equal to or greater than the greatest of the following:

• • $45,000
• • The adjusted net capital required by the NFA
• • For securities brokers and dealers, the amount of net capital required by the SEC

The National Futures Association echoes the CFTC requirements, but for IBs th