Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
net-capital rules
Securities. Basic financialresponsibility standards adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934. 0 Under these rules, securities brokers are required to maintain a minimum level of capitalization and to maintain aggregate indebtedness at a level less than a specified multiple of the broker's net capital. 15 USCA § 780(c)(3); SEC Rule 15c3-1 (17 CFR § 240.15c3-1).