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  • Form X-17a-5 Schedule I - Sec.gov Home

Get Form X-17a-5 Schedule I - Sec.gov Home

UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington, D.C. 20549OMB APPROVAL OMB Number: 32350123 Expires: October 31, 2023 Estimated average burden hours per response.. . . . . 12.00ANNUAL AUDITED.

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SEC Form X-17A-5 is a financial reporting form that all broker-dealers who are registered with the U.S. Securities and Exchange Commission (SEC) must complete. This form consists of three parts and contains an annual audit that must be performed by a certified public accountant (CPA).

17a-5(a)(1)(iii)/01 NYSE FOCUS Filing Due Dates. The NYSE requires their member and member organizations, who have chosen to file their FOCUS Part IIA as of a date other than the last calendar day of a month or quarter, to file their FOCUS Report 17 business days from their month-end closing date.

Non-Allowable Asset – An asset that is not readily convertible into cash. For net capital purposes, it reduces the firm's net worth. Such assets could be accounts receivable that are not collected within 30 day period.

Rule 17a-5 requires member firms to file annual financial reports with the SEC and FINRA known as FOCUS reports. FOCUS report stands for Financial and Operational Combined Uniform Single report.

(2) The term net capital shall be deemed to mean the net worth of a broker or dealer, adjusted by: (i) Adjustments to net worth related to unrealized profit or loss, deferred tax provisions, and certain liabilities.

Nonallowable assets are assets not readily convertible into cash (e.g., fixed assets, intercompany receivables, securities not readily marketable, unsecured receivables (certain receivables are allowable for the first 30 days)).

Non-allowable assets are illiquid assets, assets that cannot be quickly sold at fair market value. These include fixed assets, receivables, and assets that are unlikely to be collected. Because non-allowable assets should not be included in net capital, their value must be subtracted from net worth.

Regulatory Obligations Exchange Act Rule 15c3-1 (Net Capital Rule) requires that member firms must at all times have and maintain net capital at no less than the levels specified pursuant to the rule to protect customers and creditors from monetary losses that can occur when firms fail.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232