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Reserve Requirements
12 Months Ended
Dec. 31, 2015
Reserve Requirements Disclosure [Abstract]  
Reserve Requirements

25. RESERVE REQUIREMENTS

 

As of December 31, 2015 and 2014, JVB was not subject to the reserve requirements under Rule 15c3-3 of the Securities Exchange Act of 1934 because JVB does not carry securities accounts for their customers or perform custodial functions relating to customer securities and, therefore, they qualify for an exemption under Rule 15c3-3(k)(2)(ii).