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Net Capital Requirements
9 Months Ended
Sep. 30, 2017
Net Capital Requirements [Abstract]  
Net Capital Requirements

14. NET CAPITAL REQUIREMENTS

JVB is subject to the net capital provision of Rule 15c3-1 under the Exchange Act, which requires the maintenance of minimum net capital, as defined therein.

As of September 30, 2017, JVB’s adjusted net capital was $61,730, which exceeded the minimum requirements by $61,480.  

CCFL, a subsidiary of the Company regulated by the United Kingdom FCA, is subject to the net liquid capital provision of the Financial Services and Markets Act 2000, GENPRU 2.140R to 2.1.57R, relating to financial prudence with regards to the European Investment Services Directive and the European Capital Adequacy Directive, which requires the maintenance of minimum liquid capital, as defined therein. As of September 30, 2017, the total minimum required net liquid capital was $1,138, and net liquid capital in CCFL was $1,991, which exceeded the minimum requirements by $853 and was in compliance with the net liquid capital provisions.