Form X-17a-5 - Schedule I - Focus Report (Page 2 of 7) in pdf

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM X-17A-5 SCHEDULE I

GENERAL INSTRUCTIONS

NOTE TO RESPONDENTS: Schedule I of Form X-17A-5 is a calendar year unconsolidated report to be filed by

all registrants either as a supplement to the regular fourth quarter Part II of Form X-17A-5 within seventeen business

days of the end of the third quarter.

Brokers or dealers which are exempt from the filing requirements of paragraphs (a)(iii) of Section 240.17a-5 are

to submit, no later than 17 business days after the close of the calendar year, an annual report consisting of the

Facing Page, balance sheet, and Revenue Expense Statement from Part IIA of Form and Schedule I of Form X-

17A-5.

Schedule I requires the reporting of general information designed to measure certain economic and financial

characteristics of the registrant.

SPECIFIC INSTRUCTIONS

4 – The term “national securities exchange(s)” shall mean any exchange(s) registered under Section 6 of the

Securities Exchange Act of 1934.

9a & b – “Equity security” shall mean any stock or similar security, or any security convertible with or without

consideration, into such a security or carrying any warrant or right to subscribe to or purchase such a security.

The term “public customer” shall mean any person from whom or on whose behalf a broker or dealer has received

or acquired or holds funds or securities for the account of such person, but shall not include a broker or dealer,

or a general, special or limited partner or director or officer of the broker or dealer, or any person to the extent that

such person has a claim for property or funds which by contract, agreement or understanding, or by operation of

law is part of the capital of the broker or dealer or is subordinated to the claims of creditors of the broker or dealer

Omnibus accounts carried for other brokers or dealers shall not be included in the count of public customer

accounts (Item 9a) but shall be included under Item 9b.

Only active public customer accounts will be included in the public customer account total. For an accountant to

be considered “active” it must have a non-zero cash or securities balance at the end of the reporting period.

Omnibus accounts carried for other brokers at the end of the reporting period are to be included in Omnibus

account total.

11 – Indicate with “1” the methods by which respondent clears its public customer accounts. If respondent has

no customers, as defined in 9a and 9b above, respondent is to place a “1” in the “not applicable” box. If respondent

principally clears its public customer transactions through other than a broker-dealer, place a “1” in the “other” box.

12 – Exchange membership is to include associate and limited memberships as well as regular memberships. See

Item 4 description for definition of “exchange.”

13a & b – Report only full time (full time is defined as anyone who works 40 hours or more per week for respondent)

personnel employed by respondent as of the last business day of the year. A full time registered representative

is any person who works a minimum of 30 hours per week and spends a minimum of 50 percent of his time engaged

in effecting transactions with public customers on behalf of the respondent. The number of employees and

registered representatives is “as of “ the last business day of the year.

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