Janney Montgomery’s total assets have risen approximately $420 million from last year, totaling over $3.4 billion for the period ending December 31, 2015.Cash and cash equivalents equals $5 million. Last year Janney Montgomery Scott had $16,500,000 in the segregated cash account but as of December 31,2015 the firm did not have any cash segregated in a special reserve account for the benefit of the customer. The equity ratio for 2015 was 5.8%, down from last year’s which was …show more content…
The company has elected to use the alternative method permitted by Rule 15c3-1, which requires that it maintain minimum net capital, as defined, equal to the greater of $1,000,000 or 2% of aggregate debit balances arising from customer transactions, as defined. The NYSE may prohibit a member firm from expanding its business or paying cash dividends/distributions if resulting net capital would be less than 5 % of aggregate debit items, as defined, and may require a member firm to reduce its business if its net capital is less than 4% of aggregate debit items, as defined. At December 31, 2015, the company’s net capital was $92,808,655 which was $86,566,402 in excess of 2% of aggregate debit items, as defined. The company’s net capital percentage was