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Net Capital Requirements
12 Months Ended
Dec. 31, 2019
Brokers and Dealers [Abstract]  
NET CAPITAL REQUIREMENTS

NOTE 20 — NET CAPITAL REQUIREMENTS

 

B. Riley FBR, MLV and B. Riley Wealth Management ("BRWM"), the Company's broker-dealer subsidiaries, are registered with the SEC as broker-dealers and are members of the Financial Industry Regulatory Authority, Inc. ("FINRA"). The Company's broker-dealer subsidiaries are subject to SEC Uniform Net Capital Rule (Rule 15c3-1) which requires the subsidiaries to maintain minimum net capital and that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. As such, they are subject to the minimum net capital requirements promulgated by the SEC. As of December 31, 2019, B. Riley FBR had net capital of $106,283, which was $103,322 in excess of its required net capital of $2,961; MLV had net capital of $642, which was $637 in excess of its required net capital of $5; and BRWM had net capital of $5,187, which was $4,708 in excess of its required net capital of $479.