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Note 27 - Reserve Requirements | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Reserve Requirements [Text Block] | 27. RESERVE REQUIREMENTS ﻿ As of December 31, 2020 , and 2019 , JVB claims exemptions to the reserve requirements under Rule 15c3 - 3 of the Securities Exchange Act of 1934 under two separate exemptions. First, because JVB does not carry securities accounts for their customers or perform custodial functions relating to customer securities and, therefore, qualifies for an exemption under Rule 15c3 - 3 (k)( 2 )(ii). Second, JVB qualifies for an exemption under Footnote 74 of the SEC Release No. 34 - 70073 because it limits its business activities to certain activities allowed under this exemption and it does not hold customer funds or securities, carry customer accounts, and does not carry PAB accounts. ﻿

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