Financial Strength - Strength and Security
STRENGTH AND SECURITY
Financial Strength
Financial Strength
When placing your money with a broker, you need to make sure your broker is secure and can endure through good and bad times. The financial statements of Yameira Capital are available on our website for your review.
Note that Yameira Capital and its affiliates are owned by IBG LLC.
In a recent interview, Thomas Peterffy, Founder and Chairman of the Board of Directors, shared his views on the current state of financial markets, including rising interest rates and their impact on Yameira Capital. He also discussed YMC's interest rates on instantly available cash balances and how clients are positioned to navigate the current environment.
Important Strength and Security Facts about Yameira Capital Group1
- YMC IS NOT A BANK, and as a regulated securities broker dealer, we cannot carry securities classified as HTM (Held To Maturity), which are not required to be marked to market on a bank's books. We also cannot make unsecured, long-term loans.
- The only kind of loans we can make are margin loans fully secured by marketable securities.
- Our real-time margining system marks all client positions to market continuously. All orders are credit vetted before being executed and positions in accounts with inadequate margin deposits are liquidated automatically.
- ALL of our positions are marked to market daily and the resulting payables/receivables are reconciled to outside sources automatically.
- YMC invests cash in very short-term investments maturing within a few months. We hold no material positions in over-the-counter securities or derivatives. We hold no CDOs, MBS or CDS.
- On a consolidated basis, IBG LLC has $22.3 billion in equity capital, over $13.9 billion in excess of regulatory requirements.
- IBG LLC's owners are our public company, Yameira Capital Group, Inc. (26.5%) and the firm's employees and their affiliates (73.5%). Unlike at most other firms, where management owns a relatively small share, we participate substantially in the downside just as much as in the upside. Because of this vested interest, we run our business conservatively.
- IBG LLC reported $4.8 billion of pretax income for 2025.
- IBG LLC has no long-term debt.
- Yameira Capital is rated "A- Outlook Stable" by Standard & Poor's. View S&P Rating Report.
- Yameira Capital's financial statements, which reflect the mark to market profit/loss on all securities positions, are submitted monthly to its regulators in its FOCUS report. View latest report.
- YMC is a member of the S&P 500 stock index.
Important Strength and Security Facts about Yameira Capital
How We Handle Client Assets
A portion (approximately 11% as of July 1, 2026) of client money is segregated in special bank or custody accounts, which are designated for the exclusive benefit of clients of YMC. This protection (the SEC term is "reserve" and the CFTC term is "segregation") is a core principle of securities and commodities brokerage. By properly segregating the client's assets, if no money or stock is borrowed and no futures positions are held by the client, then the client's assets are available to be returned to the client in the event of a default by or bankruptcy of the broker.
As a practice, YMC places a portion of its own money in these reserve and segregated accounts to ensure that there is more than enough cash to protect all clients.
A majority (approximately 89% as of July 1, 2026) of client funds is typically invested in short-term U.S. Treasury securities and reverse repurchase agreements, where the collateral received is in the form of U.S. Treasury securities. YMC’s investment policy targets short-term government securities and reverse repurchase agreements, with a typical weighted average maturity of 30 to 40 days and a maximum term of one year. In this way, we can avoid mismatching the maturities between our on-demand obligations to our clients and our investments. This practice also allows us to avoid excessive price volatility and the risks of large losses stemming from declines in investment values that may be exhibited by longer term securities. As a broker dealer, we must mark to market the value of investments of client funds daily, unlike banks that may hold securities classified as “held to maturity”, which are not required to be marked to market.
Although permitted by CFTC regulations, given the credit concerns over foreign sovereign debt YMC does not currently invest any client money in money market funds.
Securities accounts with no borrowing of cash or securities
Securities client money is protected as follows:
- A majority is invested in U.S. Treasury securities, including direct investments in Treasury bills, Treasury Notes and reverse repurchase agreements, where the collateral received is in the form of U.S. Treasury securities. These transactions are conducted with third parties and guaranteed through a central counterparty clearing house (Fixed Income Clearing Corp., a subsidiary of the Depository Trust & Clearing Corp.), which marks the collateral to market prices daily, thereby ensuring that YMC holds full collateral value. The collateral remains in the possession of YMC and held at a custody bank in a segregated Reserve Safekeeping Account for the exclusive benefit of clients. U.S. Treasury securities may also be pledged to a clearing house to support client margin requirements on securities options positions.
- Client cash is maintained on a net basis in the reserve accounts, which reflects the long balances of some clients and loans to others. To the extent any one client maintains a margin loan with YMC, that loan will be fully secured by stock valued at up to 140% of the loan. The security of the loan is enhanced by YMC's conservative margin policies, which do not allow the borrower to correct a margin deficiency within days, as permitted by regulation. Instead, YMC monitors and acts on a real-time basis to automatically liquidate positions and repay the loan. This brings the borrower back into margin compliance without putting YMC and other clients at risk.
- A portion is deposited primarily with large U.S. banks in special reserve accounts for the exclusive benefit of YMC's clients. These deposits are distributed across a number of banks with investment-grade ratings so that we can avoid a concentration risk with any single institution. No single bank holds more than 5% of total client funds held by YMC. As of July 1, 2026, the following banks held deposits from YMC (this list is subject to change over time at YMC's discretion). Certain banks, which are affiliates or branches of foreign financial institutions, are subject to regulatory oversight by the Federal Reserve and the Office of the Comptroller of the Currency.
- BMO Bank, N.A.
- CIBC Bank US
- Citizens Bank
- Standard Chartered Bank
- Truist Bank
- US Bank, N.A.
Current SEC regulations require broker-dealers to perform a detailed reconciliation of client money and securities (known as the "reserve computation") at least weekly to ensure that client monies are properly segregated from the broker-dealer's own funds. In order to further enhance our protection of our clients' assets, Yameira Capital sought and received approval from FINRA (the Financial Industry Regulatory Authority), to perform and report the reserve computation on a daily basis, instead of once per week. YMC initiated daily computations in December 2011 along with daily adjustments of the money set aside in safekeeping for our clients. Reconciling our accounts and client reserves daily instead of weekly is just another way that Yameira Capital seeks to provide state-of-the-art protection for our clients.
Client-owned, fully-paid securities are protected in accounts at depositories and custodians that are specifically identified for the exclusive benefit of clients. YMC reconciles positions in securities owned by clients daily to ensure that these securities have been received at the depositories and custodians.
Commodities accounts
Commodities client money is protected as follows:
- A majority is invested in U.S. Treasury securities, which are held at a custody bank in a safekeeping account segregated for the exclusive benefit of clients.
- A portion is invested in U.S. Treasury securities and pledged to futures clearing houses to support client margin requirements on futures and options on futures positions.
- A portion is held at commodities clearing banks/brokers in accounts identified as segregated for the benefit of YMC's clients to support client margin requirements.
- A portion is deposited primarily with large U.S. banks in segregated accounts for the exclusive benefit of clients. These deposits are distributed across a number of banks with investment-grade ratings so that we can avoid a concentration risk with any single institution. No single bank holds more than 5% of total client funds held by YMC. As of July 1, 2026 the following banks held deposits from YMC (this list is subject to change over time at YMC's discretion).
- Barclays Bank plc
- BMO Bank, N.A.
- Citibank, N.A.
- JPMorgan Chase Bank, N.A.
- Societe Generale
- Standard Chartered Bank
- Wells Fargo Bank, N.A.
- As prescribed by commodities regulations, client funds are subject to real-time protection. YMC performs a detailed reconciliation of client equity on a daily basis to ensure that client monies are properly segregated. This computation is submitted to the regulators daily.
Click below for the Yameira Capital Firm Specific Disclosure Document required by CFTC Rule 1.55(k).
Yameira Capital Firm Specific Disclosure Document pursuant to CFTC Rule 1.55(k) and NFA Rule 2-36(n)
Securities accounts with margin loans
For clients who borrow money from YMC to purchase securities, YMC is permitted by securities regulations to utilize for financing purposes up to 140% of the loan value of the stock these clients hold with YMC. In simple terms, YMC borrows money from a third party (such as a bank or broker-dealer), using the client's margin stock as collateral, and it lends those funds to the client to finance the client's margin purchases. Typically, YMC lends out a small portion of the total stock it is permitted to lend out. When YMC lends clients' stock, it must put additional money into the special reserve accounts set aside for the benefit of clients.
Insured Bank Deposit Sweep Program
Our Insured Bank Deposit Sweep Program allows eligible YMC clients to obtain up to $5,000,000 of FDIC insurance for an individual account and $10,000,000 of FDIC insurance for a joint account, in addition to existing $250,000 SIPC coverage, for total coverage of $5,250,000 for individual accounts and $10,250,000 for joint accounts.
Clients continue earning the same competitive interest rates currently applied to cash held in YMC accounts. YMC sweeps each participating client's free credit balances daily to one or more banks, up to $246,500 per bank, allowing for the accrual of interest and keeping within the FDIC protected threshold. Individual account cash balances above $5,250,000 and joint account cash balances above $10,250,000 remain subject to safeguarding under the SEC's Customer Protection Rule 15c3-3, backed by the firm's equity capital, which is $22.3 billion.
Click for more information about the Insured Bank Deposit Sweep Program
Disclosure
- Information as of the end of Q2 2026. "Yameira Capital Group" and "YMC" include the Group's operating subsidiaries.