Quarterly report pursuant to Section 13 or 15(d)

Net Capital Requirements

Net Capital Requirements
6 Months Ended
Jun. 30, 2016
Regulatory Capital Requirements [Abstract]  
Net Capital Requirements




The Company’s subsidiary, CAP, as a registered broker-dealer, is subject to the SEC’s Uniform Net Capital Rule 15c3-1 that requires the maintenance of minimum net capital. This requires that CAP maintain minimum net capital of $5,000 and requires that the ratio of aggregate indebtedness, as defined, to net capital, shall not exceed 15 to 1.


As of June 30, 2016 and December 31, 2015, CAP’s net capital exceeded the requirement by $67,139 and $32,078, respectively.


The Company had a percentage of aggregate indebtedness to net capital of approximately 41.0 % and 95.8% as of June 30, 2016 and December 31, 2015, respectively.


Advances, dividend payments and other equity withdrawals are restricted by the regulations of the SEC, and other regulatory agencies are subject to certain notification and other provisions of the net capital rules of the SEC. The Company qualifies under the exemptive provisions of Rule 15c3-3 as the Company does not carry security accounts for customers or perform custodial functions related to customer securities.