This is the second of a two-part article. Part I, which appeared in the April issue of The Metropolitan Corporate Counsel and can be seen on our website at www.metrocorpcounsel.com, dealt with jurisdiction over non-U.S. broker-dealers and their registration and SROmembership.
Net Capital And Operations
A. Net Capital Requirements
This is the first of a two-part article. Part II will appear in the May issue of The Metropolitan Corporate Counsel.
Jurisdiction Over Non-U.S. Broker-Dealers.
Just like U.S. securities dealers, non-U.S. dealers doing business in the United States are subject to regulation by the U.S. Securities and Exchange Commission ("SEC") as well as the...