v3.25.4
Note 27 - Reserve Requirements
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Reserve Requirements [Text Block]

27. RESERVE REQUIREMENTS

 

As of December 31, 2025 and 2024, Cohen Securities claimed exemptions to the reserve requirements under Rule 15c3-3 of the Securities Exchange Act of 1934 under two separate exemptions.  First, Cohen Securities does not carry securities accounts for its customers or perform custodial functions relating to customer securities and, therefore, qualifies for an exemption under Rule 15c3-3(k)(2)(ii).  Second, Cohen Securities 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.