While the state securities Administrator can establish minimum net capital requirements for broker-dealers, really, net capital requirements are set by the SEC and enforced by FINRA. So, the exam might want you to say something like, “The Administrator may establish minimum net capital requirements for broker-dealers subject to the limits of the Se

Two legal systems dominate the world of global capital: English common law and the laws of New York State.

Your credit report gives potential lenders basic information about you, your accounts, and your payment history. It tracks all credit-related activities (e.g., credit cards and loans), although recent activities are given higher weight.