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Investor Alert |
| Past Alerts Click Here | September 1, 2006 |
Newedge Net Capital Requirements
Newedge is subject to the SEC's Uniform Net Capital Rule (Rule 15c3-1). The Company has elected to use the alternative method permitted by the rule, which requires that the Company maintain minimum "net capital" equal to the greater of $250,000 or two percent of "aggregate debit items," as these terms are defined. The Company is also subject to the Commodity Futures Trading Commission Net Capital Requirements (Regulation 1.17) and is required to maintain "adjusted net capital," as defined, equal to the greater of $250,000, or the sum of eight and four percent of the total risk margin requirements for all positions carried by the Company in customer and non-customer accounts, respectively. Net capital, aggregate debit items, and maintenance margin levels change from day to day, but at June 30, 2006, the Company had net capital and net capital requirements of approximately $28,828,525 and $1,360,515, respectively. The net capital rule may effectively restrict the payment of cash dividends.
Newedge
220 Bush Street, Suite 650
San Francisco, CA 94104
Please be sure to send all payments, securities, new account forms and correspondence to this new address. Thank you.
Customer Service (888) 781-0283 or (415) 733-3032
Customer Service Fax (415) 520-5633
Customer Service Email Service@FimatPreferred.com
Newedge Main Number (415) 733-3000 or (800) 949-0205
Newedge
Member New York Stock Exchange, NASD, MSRB, NFA, SIPC and other principal exchanges
Headquarters: 220 Bush Street, Suite 650, San Francisco, CA 94104
www.FimatPreferred.com
Customer Service can be reached at 888-781-0283 or by email at Service@FimatPreferred.com.
All contents of this "Investor Alert" are for educational purposes only. Graphics are also for illustration purposes only.
Newedge does not offer investment advice.