Customer Protection Rule 15C3-3: Safeguarding Interests
Learn the intricacies of Rule 15C3-3 and its impact on broker-dealer operations and customer protection.
Learn the intricacies of Rule 15C3-3 and its impact on broker-dealer operations and customer protection.
Dive into the world of financial regulation with this comprehensive course on the Customer Protection Rule 15C3-3. Over two weeks, you'll explore how this crucial rule safeguards customer interests by dictating the minimum amount of securities and cash that broker-dealers must hold in secure accounts. The course covers the regulatory environment, the rule's history, and its operational impact. You'll gain insights into settlement processes, margin requirements, stock record management, and financing tools. By the end, you'll understand how the rule's three main purposes protect customers and shape the regulatory landscape within financial firms.
Instructors:
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What you'll learn
Understand the background and reasoning behind Rule 15C3-3
Differentiate between customers and non-customers as defined by the rule
Explain how stock record allocation works and its impact on the reserve formula
Calculate possession or control requirements and necessary actions for securities in deficit
Review and interpret FOCUS Reserve Formula allocations
Comprehend the three main purposes of Rule 15C3-3 in protecting customer interests
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
Shareable certificate
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There are 3 modules in this course
This course offers a comprehensive overview of Rule 15C3-3, also known as the Customer Protection Rule, which is crucial for broker-dealers in safeguarding customer assets. The curriculum is divided into three main modules: Introduction, Operations, and the Rule 15C3-3 Reserve Formula. Students will learn about the regulatory environment, the rule's history, and its practical applications in broker-dealer operations. The course covers key concepts such as settlement processes, custody and asset servicing, margin requirements, and stock record management. Participants will gain a deep understanding of how the rule protects customer interests, differentiates between customers and non-customers, and impacts the regulatory landscape within financial firms. By the end of the course, students will be able to review and understand FOCUS Reserve Formula allocations, a critical skill for compliance and operations professionals in the securities industry.
Introduction
Module 1
Operations
Module 2
Rule 15C3-3 Reserve Formula
Module 3
Fee Structure
Instructor
Financial Operations Expert Advancing Brokerage Education
Financial Operations Expert Advancing Brokerage Education
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Frequently asked questions
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