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Note 19 - Net Capital Requirements
9 Months Ended
Sep. 30, 2024
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 September 30, 2024, JVB's minimum required net capital was $250, and actual net capital was $51,106, which exceeded the minimum requirements by $50,856.  CCFESA, a subsidiary of the Company, is regulated by the ACPR in France. CCFESA is subject to certain regulatory capital requirements in accordance with Articles L.533-2 et seq. of the French Financial and Monetary Code, implementing the new framework set out in the Investment Firm Regulation ("IFR") and the Investment Firm Directive ("IFD").  As of  September 30, 2024, the total minimum required net liquid capital was $692 and actual net liquid capital in CCFESA was $2,273, which exceeded the minimum requirement by $1,581.