The Net Capital Rule requires that broker-dealers, have and maintain liquid assets or net capital, at specified levels, at all times, to protect customers and creditors from financial losses if the broker-dealer were to fail. The Net Capital Rule requires that BDs have sufficient capital at all times including intraday. Under Rule 17a-11 of the Exchange Act of 1934, broker-dealers must inform FINRA of any event when their net capital falls below the minimum amount required under the act.