Section 230-RICR-50-05-1.14 - Minimum Net CapitalA. Every broker-dealer, whether or not subject to Rule 15 c3-1 under the Securities Exchange Act of 1934, 17 C.F.R. § 240.15c3 - 1, shall maintain net capital in such minimum amounts as are designated in that rule for the activities to be engaged in by a broker-dealer in this state.B. The aggregate indebtedness of each broker-dealer, whether or not subject to Rule 15 c 3-1 under the Securities Exchange Act of 1934, 17 C.F.R. § 240.15c3 - 1, to all other persons shall not exceed the levels prescribed in that rule.C. If a broker-dealer is an individual, the person shall segregate from personal capital an amount sufficient to satisfy the net capital requirement, and the amount so segregated shall be utilized solely for the business for which the broker-dealer is licensed.D. An investment adviser licensed under RIUSA, but exempt from registration under the Investment Advisers Act of 1940, 15 U.S.C. § 80b-6a, must at all times maintain net worth of not less than $5,000. This applies only to investment advisers that do not take or retain custody of securities or funds of a client. Investment advisers that take or retain custody must comply with the provisions of § 2.12 of this Subchapter.230 R.I. Code R. 230-RICR-50-05-1.14