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NET CAPITAL REQUIREMENTS
6 Months Ended
Jun. 30, 2017
Brokers and Dealers [Abstract]  
NET CAPITAL REQUIREMENTS

NOTE 13— NET CAPITAL REQUIREMENTS

 

B. Riley & Co., LLC (“BRC”), FBRCM and MLV, 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”). As such, they are subject to the minimum net capital requirements promulgated by the SEC. As of June 30, 2017, BRC had net capital of $9,082, which was $8,740 in excess of its required net capital of $342, FBRCM had net capital of $37,755, which was $36,755 in excess of its required net capital of $1,000, and MLV had net capital of $411, which was $311 in excess of its required net capital of $100.