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NET CAPITAL REQUIREMENTS
9 Months Ended
Jun. 30, 2019
Disclosure Text Block [Abstract]  
NET CAPITAL REQUIREMENTS
NET CAPITAL REQUIREMENTS
 
NSC is subject to the SEC's Uniform Net Capital Rule (Rule 15c3-1), which, among other things, requires the maintenance of minimum net capital. At June 30, 2019, NSC had net capital of $7,948,070 which was $6,948,070 in excess of its required minimum net capital of $1,000,000. NSC is exempt from the provisions of Rule 15c3-3 since it is an introducing broker-dealer that clears all transactions on a fully disclosed basis and promptly transmits all customer funds and securities to clearing brokers.

Advances, dividend payments and other equity withdrawals from NSC are restricted by the regulations of the SEC, and other regulatory agencies. These regulatory restrictions may limit the amounts that a subsidiary may dividend or advance to the Company.