Regulatory Requirements Regulatory (Tables)

3 Months Ended

Mar. 31, 2021

Regulatory [Abstract]

Computation of Net Capital under Securities and Exchange Commission Regulation

As of March 31, 2021, these regulated broker-dealers had regulatory net capital or financial resources, regulatory net capital requirements or minimum FCA or SFC requirement and excess as follows:

Subsidiary	Net Capital		Minimum Net Capital Requirement		Excess Net Capital
	(dollars in thousands)
Cowen and Company	$	332,197	$	6,289	$	325,908
ATM Execution	$	4,951	$	250	$	4,701
Cowen Prime	$	22,722	$	250	$	22,472
Westminster	$	31,116	$	250	$	30,866
Cowen International Ltd	$	39,812	$	25,444	$	14,368
Cowen Execution Ltd	$	13,205	$	3,418	$	9,787
Cowen Asia	$	2,272	$	386	$	1,886