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Net Capital Requirements
12 Months Ended
Dec. 31, 2012
Net Capital Requirements [Abstract]  
NET CAPITAL REQUIREMENTS

NOTE 11 – NET CAPITAL REQUIREMENTS

As a result of its activities as a broker-dealer, Edward Jones is subject to the net capital provisions of Rule 15c3-1 of the Securities Exchange Act of 1934 (“Exchange Act”) and capital compliance rules of the FINRA Rule 4110. Under the alternative method permitted by the rules, Edward Jones must maintain minimum net capital equal to the greater of $250 or 2% of aggregate debit items arising from client transactions. The net capital rules also provide that partnership capital may not be withdrawn if resulting net capital would be less than minimum requirements. Additionally, certain withdrawals require the approval of the SEC and FINRA to the extent they exceed defined levels, even though such withdrawals would not cause net capital to be less than minimum requirements.

At December 31, 2012, Edward Jones’ net capital of $711,894 was 34.0% of aggregate debit items and its net capital in excess of the minimum required was $670,072. Net capital after anticipated capital withdrawals, as a percentage of aggregate debit items, was 18.5%. Net capital and the related capital percentages may fluctuate on a daily basis.

At December 31, 2012, the Partnership’s Canadian broker-dealer’s regulatory risk adjusted capital of $38,488 was $27,567 in excess of the capital required to be held by the Investment Industry Regulatory Organization of Canada (“IIROC”). In addition, EJTC was in compliance, as of December 31, 2012, with regulatory capital requirements.