After what period must broker-dealers notify triumvirates if their net capital falls below the minimum?

Broker-dealers are required to notify the appropriate regulatory authority, often referred to as the triumvirate, if their net capital falls below the minimum required levels. This notification must occur on the same day that the broker-dealer's net capital deficiency is identified. This immediate reporting requirement is crucial because it ensures that regulatory bodies can closely monitor the financial health of broker-dealers and take necessary actions to protect investors and the securities markets.

Timely notification helps to prevent potential crises or systemic issues within the financial system, as it allows regulatory authorities to assess the situation and enforce corrective actions if needed. It’s important to maintain transparency in the financial operations of broker-dealers to uphold market integrity and investor confidence.

The other answer options suggest delays in reporting, which contradict the overarching regulatory objective of immediate transparency in instances of financial distress.