SEC 1696 Focus Report Part !!A

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form
X-17A-5

FOCUS REPORT
(Financial and Operational Combined Uniform Single Report)

PART IIA

12

(Please read instructions before preparing Form.)
This report is being filed pursuant to (Check Applicable Block(s)):
1) Rule 17a-5(a)
16
2) Rule 17a-5(b)

17

4) Special request by designated examining authority

19

3) Rule 17a-11
5) Other

NAME OF BROKER-DEALER

18

26

SEC FILE NO.
14
FIRM I.D. NO.
13

ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do Not Use P.O. Box No.)

15
FOR PERIOD BEGINNING (MM/DD/YY)
20

24

(No. and Street)

AND ENDING (MM/DD/YY)

21
(City)

22
(State)

23
25

(Zip Code)

NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT

(Area Code) — Telephone No.

30

31

NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT:

OFFICIAL USE

32

33

34

35

36

37

38

39

DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS?

YES

40

NO

41
42

CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT

EXECUTION:
The registrant/broker or dealer submitting this Form and its attachments and the person(s) by
whom it is executed represent hereby that all information contained therein is true, correct and
complete. It is understood that all required items, statements, and schedules are considered
integral parts of this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete as previously
submitted .
Dated the _______________________________day of _________________________ 20 _____
Manual signatures of:
1)____________________________________________________________________________
Principal Executive Officer or Managing Partner
2) ____________________________________________________________________________
Principal Financial Officer or Partner
3) ____________________________________________________________________________
Principal Operations Officer or Partner
ATTENTION — Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. (See 18 U.S.C. 1001 and 15 U.S.C. 78:f(a))
Persons who respond to the collection of information contained in this form
are not required to respond unless the form displays a currently valid OMB
control number.

SEC 1696 (11-05) 1 of 16

TO BE COMPLETED WITH THE ANNUAL AUDIT REPORT ONLY:

INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report
NAME (If individual, state last, first, middle name)

70
ADDRESS

71
Number and Street

72

73

City

State

74
Zip Code

CHECK ONE
Certified Public Accountant

75

Public Accountant

76

Accountant not resident in United States

or any of its possessions

77

FOR SEC USE

DO NOT WRITE UNDER THIS LINE . . . FOR SEC USE ONLY
WORK LOCATION

50

REPORT DATE
MM/DD/YY

DOC. SEQ. NO.

51

52

CARD

53

SEC 1696 (11-05) 2 of 16

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT

PART IIA

N3

BROKER OR DEALER
W

1

100

STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND
CERTAIN OTHER BROKERS OR DEALERS
as of (MM/DD/YY)
SEC FILE NO.

99
98
198
199

Consolidated
Unconsolidated

Allowable
1. Cash .............................................................................. $
2. Receivables from brokers or dealers:
A. Clearance account ..............................................
W3
B. Other ..................................................................

3. Receivable from non-customers ................................

4. Securities and spot commodities
owned at market value:
A. Exempted securities ...........................................

B. Debt securities ...................................................

C. Options ...............................................................

D. Other securities ..................................................

E. Spot commodities ..............................................
W4
5. Securities and/or other investments
not readily marketable:
A. At cost W2 $
130
B. At estimated fair value ........................................

6. Securities borrowed under subordination
agreements and partners’ individual and capital
securities accounts, at market value:
A. Exempted
securities $
150
B. Other
160
securities $
7. Secured demand notes: ............................................
Market value of collateral:
A. Exempted
securities $
170
B. Other
securities $
180
8. Memberships in exchanges:
A. Owned, at
market $
190
B. Owned, at cost ...................................................

C. Contributed for use of the company, at
market value ............................................................

9. Investment in and receivables from affiliates,
subsidiaries and associated partnerships .......................
10. Property, furniture, equipment, leasehold
improvements and rights under lease agreements,
at cost-net of accumulated depreciation and
amortization ...................................................................

11. Other assets ...................................................................

W
12.
TOTAL ASSETS .......................................................5 $

Non-Allowable
200

Total
$

295
300
355

$

550
600

W

7

418
419
420
424
430

750

810
830

850

440

610

860

460

630

880

470

640

890

650
660

900

480

670

910

490
535
540

680
735
740

W

6

$

W

8

$

920
930
940
OMIT PENNIES

SEC 1696 (11-05) 3 of 16

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT

PART IIA

BROKER OR DEALER

as of _____________________
STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND

CERTAIN OTHER BROKERS OR DEALERS

LIABILITIES AND OWNERSHIP EQUITY
A.I.
Liabilities

Liabilities
13. Bank loans payable ................................................
14. Payable to brokers or dealers:
A. Clearance account ...........................................

B. Other ...............................................................
15. Payable to non-customers .....................................
16. Securities sold not yet purchased,
at market value .......................................................
17. Accounts payable, accrued liabilities,
expenses and other ................................................
18. Notes and mortgages payable:
A. Unsecured .......................................................

B. Secured ...........................................................

19. E. Liabilities subordinated to claims
of general creditors:
A. Cash borrowings: ............................................
1. from outsidersW9 $
970

2. includes equity subordination (15c3-1(d))
of . . .
$

980
B. Securities borrowings, at market value ............

from outsiders
$

990
C. Pursuant to secured demand note
collateral agreements ......................................

1. from outsiders $
1000
2. includes equity subordination (15c3-1(d))
1010
of . . .
$

D. Exchange memberships contributed for
use of company, at market value ........................

E. Accounts and other borrowings not
qualified for net capital purposes ........................

20.
TOTAL LIABILITIES ......................................

$

W

10

Non-A.I.
Liabilities
1045

$

1114
1115
1155

1205
1210
1211

$

1220
1230

W

12

$

Total
1255

$

W

13

1470

1315
1305
1355

1560
1540
1610

1360

1620

1385

1685

1390

W

14

1690
1700

1400

1710

1410

1720

1420

1730

1430

1740

1440
1450

$

Ownership Equity
21. Sole Proprietorship .............................................................................................................................................................................. W15 $

W
22. Partnership (limited partners) .................................... 11 ($

1020 )
23. Corporation:
A. Preferred stock .............................................................................................................................................................................

B. Common stock .............................................................................................................................................................................

C. Additional paid-in capital ..............................................................................................................................................................

D. Retained earnings .........................................................................................................................................................................

E. Accumulated other comprehensive income ........................................................................................................................

F. Total .............................................................................................................................................................................................

G. Less capital stock in treasury ....................................................................................................................................................... W
16
TOTAL OWNERSHIP EQUITY ................................................................................................................................................. $

24.
(
25.
TOTAL LIABILITIES AND OWNERSHIP EQUITY ......................................................................................................................
$

1750
1760
1780
1770
1791
1792
1793
1794
1797
1795
) 1796
1800
1810
OMIT PENNIES

SEC 1696 (11-05) 5 of 16

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT

PART IIA

BROKER OR DEALER

as of _____________________
COMPUTATION OF NET CAPITAL

1.
2.
3.
4.
5.
6.

7.
8.
9.

W

30

Total ownership equity from Statement of Financial Condition ............................................................................................................. $
Deduct ownership equity not allowable for Net Capital ........................................................................................................................ W19 (
Total ownership equity qualified for Net Capital ...................................................................................................................................
Add:
A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ......................................................

B. Other (deductions) or allowable credits (List) ...............................................................................................................................

Total capital and allowable subordinated liabilities ............................................................................................................................... $
Deductions and/or charges:
A. Total non-allowable assets from
W
17
Statement of Financial Condition (Notes B and C) ...................................................................
$

3540
B. Secured demand note delinquency .........................................................................................

3590
C. Commodity futures contracts and spot commodities –
proprietary capital charges .....................................................................................................

3600
D. Other deductions and/or charges ............................................................................................

(
3610
Other additions and/or allowable credits (List) ....................................................................................................................................
W
Net capital before haircuts on securities positions ............................................................................................................................... 20 $
Haircuts on securities (computed, where applicable, pursuant to 15c3-1(f)):
3660
A. Contractual securities commitments ....................................................................................... $

B. Subordinated securities borrowings ........................................................................................

3670
C. Trading and investment securities:
1. Exempted securities .........................................................................................................W
18
3735
3733
2. Debt securities .................................................................................................................
3. Options ............................................................................................................................
3730
4. Other securities ................................................................................................................
3734
3650
D. Undue Concentration ..............................................................................................................

E. Other (List)
........................................................................................................................

3736
(

10. Net Capital ..........................................................................................................................................................................................

$

3480
) 3490
3500
3520
3525
3530

) 3620
3630
3640

) 3740
3750
OMIT PENNIES

SEC 1696 (11-05) 7 of 16

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT

PART IIA

BROKER OR DEALER

as of _____________________
COMPUTATION OF NET CAPITAL REQUIREMENT

Part A
11. Minimum net capital required (62/3% of line 19) ...................................................................................................................................
12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement
of subsidiaries computed in accordance with Note (A) .......................................................................................................................
13. Net capital requirement (greater of line 11 or 12) ................................................................................................................................
14. Excess net capital (line 10 less 13) .....................................................................................................................................................
W
15. Excess net capital at 1000% (line 10 less 10% of line 19) .................................................................................................................. 22

$

3756

$
$

$

$

3758
3760
3770
3780

$

3790

$
$

%

%

3830
3840
3850
3860

COMPUTATION OF AGGREGATE INDEBTEDNESS
16. Total A.I. liabilities from Statement of Financial Condition ....................................................................................................................
17. Add:
W
A. Drafts for immediate credit .....................................................................................................
3800
21 $

B. Market value of securities borrowed for which no equivalent value
3810
is paid or credited ................................................................................................................... $

C. Other unrecorded amounts (List) ............................................................................................ $

3820
18. Total aggregate indebtedness ..............................................................................................................................................................
19. Percentage of aggregate indebtedness to net capital (line 18 ÷ by line 10) ........................................................................................
20. Percentage of debt to debt-equity total computed in accordance with Rule 15c3-1(d) ........................................................................

COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT
Part B
21. 2% of combined aggregate debit items as shown in Formula for Reserve Requirements pursuant to Rule 15c3-3
prepared as of the date of the net capital computation including both brokers or dealers and consolidated subsidiaries’ debits .......... $
22. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of
W
subsidiaries computed in accordance with Note (A) ............................................................................................................................ 23 $
23. Net capital requirement (greater of line 21 or 22) ................................................................................................................................ $

24. Excess capital (line 10 less 23) ........................................................................................................................................................... $

25. Net capital in excess of the greater of:
A. 5% of combined aggregate debit items or $120,000 .................................................................................................................... $

3970
3880
3760
3910
3920

NOTES:
(A) The minimum net capital requirement should be computed by adding the minimum dollar net capital requirement of the reporting broker dealer and, for each
subsidiary to be consolidated, the greater of:
1. Minimum dollar net capital requirement , or
2. 62/3% of aggregate indebtedness or 4% of aggregate debits if alternative method is used.
(B) Do not deduct the value of securities borrowed under subordination agreements or secured demand note covered by subordination agreements not in satisfactory form
and the market values of memberships in exchanges contributed for use of company (contra to item 1740) and partners’ securities which were included in non-allowable
assets.
(C) For reports filed pursuant to paragraph (d) of Rule 17a-5, respondent should provide a list of material non-allowable assets.

SEC 1696 (11-05) 9 of 16

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT

PART IIA

BROKER OR DEALER
For the period (MMDDYY) from24
3932 to
Number of months included in this statement
W

REVENUE

3933
3931

STATEMENT OF INCOME (LOSS) or STATEMENT OF COMPREHENSIVE INCOME
(as defined in §210.1-02 of Regulation S-X), as applicable

1. Commissions:
a. Commissions on transactions in exchange listed equity securities executed on an exchange ....................................................... $

b. Commissions on listed option transactions .................................................................................................................................. W25
c. All other securities commissions ..................................................................................................................................................

d. Total securities commissions .......................................................................................................................................................

2. Gains or losses on firm securities trading accounts
a. From market making in options on a national securities exchange ................................................................................................

b. From all other trading ...................................................................................................................................................................

c. Total gain (loss) ...........................................................................................................................................................................

3. Gains or losses on firm securities investment accounts ......................................................................................................................

4. Profit (loss) from underwriting and selling groups ............................................................................................................................... W26
5. Revenue from sale of investment company shares .............................................................................................................................

6. Commodities revenue ..........................................................................................................................................................................

7. Fees for account supervision, investment advisory and administrative services ..................................................................................

8. Other revenue ......................................................................................................................................................................................

9. Total revenue ....................................................................................................................................................................................... $

3935
3938
3939
3940
3945
3949
3950
3952
3955
3970
3990
3975
3995
4030

EXPENSES
10.
11.
12.
13.

Salaries and other employment costs for general partners and voting stockholder officers .................................................................

Other employee compensation and benefits ........................................................................................................................................

Commissions paid to other broker-dealers ..........................................................................................................................................

Interest expense ..................................................................................................................................................................................

4070
a. Includes interest on accounts subject to subordination agreements .......................................

14. Regulatory fees and expenses .............................................................................................................................................................

15. Other expenses ...................................................................................................................................................................................

16. Total expenses .................................................................................................................................................................................... $

4120
4115
4140
4075
4195
4100
4200

NET INCOME / COMPREHENSIVE INCOME
17. Income (loss) before Federal income taxes and items below (Item 9 less Item 16) ............................................................................. $

18. Provision for Federal income taxes (for parent only) ............................................................................................................................ W28
19. Equity in earnings (losses) of unconsolidated subsidiaries not included above ...................................................................................

a. After Federal income taxes of .................................................................................................

4338
20.[RESERVED]

a. [RESERVED]
21.[RESERVED]

22.Net income (loss) after Federal income taxes .................................................................................................................................. $

23. Other comprehensive income (loss) ............................................................................................................................................

a. After Federal income taxes of ....................................................................................

4227
24. Comprehensive income (loss) .....................................................................................................................................................

4210
4220
4222

4230
4226
4228

MONTHLY INCOME
25. Income (current month only) before provision for Federal income taxes .........................................................................................

$

4211

SEC 1696 (11-05) 11 of 16

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT

PART IIA

BROKER OR DEALER
For the period (MMDDYY) from _____________ to ______________
STATEMENT OF CHANGES IN OWNERSHIP EQUITY
(SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION)
1. Balance, beginning of period ............................................................................................................................................................... $

A. Net income (loss) .........................................................................................................................................................................

W
B. Additions (Includes non-conforming capital of .......................................................................
4262 )
29 $

C. Deductions (Includes non-conforming capital of ..................................................................... $

4272 )

4240
4250
4260
4270

2. Balance, end of period (From item 1800) ............................................................................................................................................

$

4290

3. Balance, beginning of period ............................................................................................................................................................... W30 $

A. Increases ......................................................................................................................................................................................

B. Decreases ....................................................................................................................................................................................

4300
4310
4320

4. Balance, end of period (From item 3520) ............................................................................................................................................

4330

STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED
TO CLAIMS OF GENERAL CREDITORS

$

OMIT PENNIES

SEC 1696 (11-05) 13 of 16

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT

PART IIA

BROKER OR DEALER

as of _____________________
EXEMPTIVE PROVISION UNDER RULE 15c3-3

24. If an exemption from Rule 15c3-1 is claimed, identify below the section upon which such exemption is based (check one only)
A. (k)(1) — $2,500 capital category as per Rule 15c3-1 .................................................................................................................

B. (k)(2)(A) — “Special Account for the Exclusive Benefit of customers” maintained .......................................................................

C. (k)(2)(B) — All customer transactions cleared through another broker-dealer on a fully disclosed basis.
Name of clearing firmW30
4335
D. (k)(3) — Exempted by order of the Commission (include copy of letter) ......................................................................................

4550
4560
4570
4580

Ownership Equity and Subordinated Liabilities maturing or proposed to be withdrawn within the next six months
and accruals, (as defined below), which have not been deducted in the computation of Net Capital.
Type of Proposed
Withdrawal or
Accrual
(See below
for code )

Amount to be
Withdrawn (cash
amount and/or Net
Capital Value of
Securities)

Insider or
Outsider?
(In or Out)

Name of Lender or Contributor

(MMDDYY)
Withdrawal or
Maturity
Date

Expect
to
Renew
(Yes or No)

W

4600

4601

4602

4603

4604

4605

W

4610

4611

4612

4613

4614

4615

W

4620

4621

4622

4623

4624

4625

W

4630

4631

4632

4633

4634

4635

W

4640

4641

4642

4643

4644

4645

31

32

33

34

35

Total $

W

36

4699
OMIT PENNIES

Instructions: Detail Listing must include the total of items maturing during the six month period following the report date, regardless of whether or not the capital contribution is
expected to be renewed. The schedule must also include proposed capital withdrawals scheduled within the six month period following the report date including
the proposed redemption of stock and anticipated accruals which would cause a reduction of Net Capital. These anticipated accruals would include amounts of
bonuses, partners’ drawing accounts, taxes, and interest on capital, voluntary contributions to pension or profit sharing plans, etc., which have not been deducted
in the computation of Net Capital, but which you anticipate will be paid within the next six months.

WITHDRAWAL CODE:
1.
2.
3.

DESCRIPTIONS
Equity Capital
Subordinated Liabilities
Accruals

SEC 1696 (11-05) 15 of 16