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Note 19 - Net Capital Requirements
6 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Net Capital Under Securities and Exchange Commission Regulation Disclosure [Text Block]

19. 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 June 30, 2021,  JVB's minimum required net capital was $250, and actual net capital was $74,402, which exceeded the minimum requirements by $74,152.  

 

CCFEL, a subsidiary of the Company regulated by the Central Bank of Ireland (“CBI”), is subject to certain regulatory capital requirements in accordance with the Capital Requirements Regulation 575/2013 and applicable CBI requirements.  As of June 30, 2021, the total minimum required net capital was $ 938, and actual net capital in CCFEL was $ 1,749, which exceeded the minimum requirements by $ 811 and CCFEL was in compliance with the net liquid capital provisions.