Cash and Securities Segregated Under Federal Regulations and Other Requirements

12 Months Ended

Dec. 31, 2015

Brokers and Dealers [Abstract]

Cash and Securities Segregated Under Federal Regulations and Other Requirements

Cash and Securities Segregated Under Federal Regulations and Other Requirements

As of December 31, 2015 and 2014, $0.5 billion and $0.4 billion, respectively, of U.S. Treasury Bills were segregated in a special reserve bank custody account for the exclusive benefit of our brokerage customers under Rule 15c3-3 of the Exchange Act.

One of our subsidiaries, which serves as the distributor of our U.S. mutual funds, maintains several special bank accounts for the exclusive benefit of customers. As of December 31, 2015 and 2014, $55.4 million and $61.3 million, respectively, of cash was segregated in these bank accounts.