Cash and Securities Segregated Under Federal Regulations and Other Requirements

6 Months Ended

Jun. 30, 2016

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 June 30, 2016 and December 31, 2015,$0.6 billion and $0.5 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 June 30, 2016 and December 31, 2015, $61.6 million and $55.4 million, respectively, of cash was segregated in these bank accounts.