Can Australian brokers withhold info about their net capital?

if i ask a broker what is there net capital should they tell me and is it legal for them to withhold this information?

regards damien

I don't see why or how there could be legal requirements in place where they would have to tell you this. You've not mentioned the country where you or the broker are located, but that is certainly a major component of their legal responsibilities to you.

And all that aside, what they tell you on the phone is meaningless, because, it is not legally binding. The customer agreement you sign will be to some extent, but don't forget laws don't really cross country borders - brokers know this, which is why they locate in locales like Belize, Cyprus, and other bastions of legal enforcement. (Yes, I am being sarcastic )

australia and an australian broker regulated by asic

regards damien

I have no clue about Australian legal requirements, but I don't know of any Canadian, US or EU requirement where a broker would have to disclose this. Even if they did, most people could not interpret it, nor - most important - could it be verified.