Independent Introducing Broker Net Capital Requirements Independent Introducing Brokers (“IIB”) or non-guaranteed Introducing Brokers have a capital requirement mandated by the NFA Rules and CFTC Regulations. The following will discuss such capital requirements and reporting requirements of an IIB. Required Financial Statements IIBs are required to maintain an accounting system which records all of the IIB’s financial activity. The financial statements created from the accounting system must be prepared following U.S generally accepted accounting principles (“GAAP”), on an accrual basis, and kept current. Net Capital Net Capital is generally defined as Assets less Liabilities. However, NFA financial requirements and CFTC…