v3.25.4
Note 25 - Net Capital Requirements
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Net Capital Under Securities and Exchange Commission Regulation Disclosure [Text Block]

25. NET CAPITAL REQUIREMENTS 

 

Cohen Securities is subject to the net capital provision of Rule 15c3-1 under the Exchange Act, which requires the maintenance of minimum net capital, as defined therein.  CCFESA, a subsidiary of the Company, is regulated by the ACPR in France. CCFESA is subject to certain regulatory capital requirements in accordance with Articles L.533-2 et seq. of the French Financial and Monetary Code, implementing the new framework set out in the Investment Firm Regulation ("IFR") and the Investment Firm Directive ("IFD"). 

 

The following tables shows the actual net capital for Cohen Securities and actual net liquid capital for CCFESA as compared to the required amounts for the periods indicated.

 

STATUTORY NET CAPITAL REQUIREMENTS

(Dollars in thousands)

 

  

December 31, 2025

 
  

Actual Net Capital or Liquid Capital

  

Amount Required

  

Excess

 

Cohen Securities

 $77,093  $250  $76,843 

CCFESA

  2,026   714   1,312 

Total

 $79,119  $964  $78,155 

 

  

December 31, 2024

 
  

Actual Net Capital or Liquid Capital

  

Amount Required

  

Excess

 

Cohen Securities

 $48,414  $250  $48,164 

CCFESA

  1,574   643   931 

Total

 $49,988  $893  $49,095