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Course List
Introduction to the Securities Industry
Introduction to the Securities Industry
Introduction to U.S. Securities Processing
Securities Lending and Borrowing : An Operations Perspective
Foundations of Investment Management and Buyside Operations
Dealing with Change in the Financial Markets
Collateral Management: An Operations Perspective
International Issues
International Securities Operations
International Portfolio Accounting
Foreign Currency: Markets, Clearance, Settlement & Accounting
Foreign Exchange: Lifecycle of a Trade
Corporate Actions
U.S. Domestic Corporate Actions
Global Corporate Actions
Capital Markets
Capital Markets Overview
Capital Market Economics - Investigating the Linkages Between the Real Economy and the Financial Markets
Portfolio Management
Portfolio Management
Securities Analysis
Managing Risk
Risk in a Global Market - Management and Operational Challenges Looking Forward
Financial Management
Financial Accounting and Financial Mathematics
Financial Statement Analysis
Fixed Income Securities
Bond Math: Mathematics of the Fixed Income Market
Structured Securities: MBS, ABS, CDOs
Introduction to Fixed Income Products
Accounting for Fixed Income Securities and Derivatives
Mortgage-Backed Securities
Collateralized Debt Obligations and Credit Default Swaps (CDOs and CDS)
Fixed Income Analytics
Interest Rate Swaps and Credit Default Swaps
Fixed Income Securities Trade Processing and Operations
Accounting, Regulatory & Management
Stock Brokerage Accounting & Securities Regulations
Introduction to Private Equity Markets
Trading After the Volcker Rule
Dodd-Frank for Non-US Derivatives Users
Complying with the MiFID II/MAR Rules
Introduction to Derivative Products
Derivatives: Markets, Operations, Accounting & Control
Derivative Products: Risk Management and Valuation
Option Valuation and Trading
Equity Derivatives: Futures and Swaps
Interest Rate Futures and Swaps
Introduction to Options: Products, Trading & Processing
Swaps Processing and Operations
Commodity Futures: Energy, Metals and Agricultural
Equity Options: Strategies, Accounting and Operations
Mutual Funds
Introduction to Mutual Funds
Mutual Fund Operations

Course Description
Stock Brokerage Accounting & Securities Regulations
Available Dates:
There are no dates available.
Course Code: 701
Duration: 1 day
Level: Basic
Fee: $795.00
CPE Credits: 6
Prerequisite: No Prerequisite Required.

Through lecture and case studies, the participants will examine in detail the Uniform Net Capital Rule (15c3-1), and the Customer Protection Rule (15c3-3). The course will explain and illustrate the accounting procedures dictated by the rules.


Securities and Exchange Act (The 34 Act)

Capital Requirements

Accounting and Recordkeeping Requirements

  •  Stock Record
  •  General Ledger
  •  Understanding Transaction Flow


  •  Aggregate Indebtedness
  •  Non-Allowable Assets
  •  Unsecured/Partially Secured
  •  Haircut, Trade Date/Settlement Date


  •  Classification of Assets and Liabilities
  •  Customer's Accounts
  •  Unsecured Debits
  •  Receivables from Other Broker/Dealers
  •  Fail to Receive/Deliver
  •  Aged Fails

Role of Securities Processing Departments


Reason for the Rule

Legislation Passed to Mandate the Calculation

Determining Which Customers Are Subject to Calculation

Understanding the Items in the Major Headings of the Formula

  •  Customer Credits
  •  Bank Loans
  •  Miscellaneous Credits
  •  Customer Debits
  •  Securities Loaned
  •  Fail To Receive
  •  Fail To Deliver
  •  Securities Borrowed

Allocations: Specific Identification or Automated Allocation Method

When the Deposit Has to Be Made

What Constitutes a Good Deposit

Frequency of Calculations

Possession & Control Portion of the Customer Protection Rule

Role of the Securities Processing Departments

Please bring a calculator.

After completing this seminar, participants will be familiar with the following:

  • Securities Exchange Act (34 Act) 
  • Capital Requirements
  • Accounting and Recordkeeping Requirements
  • Definitions
  • Computations and the role of securities processing departments relating to the 15c3-1 Uniform Net Capital and 15c3-3 Customer Protection Rules