UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549 

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Form FOCUS REPORT 

(Financial and Operational Combined Uniform Single Report) X-17A-5 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 

19 

3) Rule 17a-11

4) Special request by designated examining authority 5) Other 26 

18 

NAME OF BROKER-DEALER SEC FILE NO. 

FIRM I.D. NO. 

14 

 13 

ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do Not Use P.O. Box No.) 15 

FOR PERIOD BEGINNING (MM/DD/YY) 

20 

(No. and Street) 24

AND ENDING (MM/DD/YY) 

(City) (State) (Zip Code) 

NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT (Area Code) — Telephone No. 

21 22 23

25 

30 31 

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

32 33

 34 

36 

38 

35

37

39 

DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS? YES 40 NO 41

CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT 42 

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 (11-18) 1 of 9
 

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 72 73 74

 Number and Street City State Zip Code 

CHECK ONE 

Certified Public Accountant 75 FOR SEC USE 

Public Accountant 76 

Accountant not resident in United States 77 

or any of its possessions 

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

WORK LOCATION REPORT DATE 

MM/DD/YY 

DOC. SEQ. NO. CARD

50 51 52 53 

SEC 1696 (11-18) 2 of 9
 

 

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 

PART IIA 

100 N 3 BROKER OR DEALER 

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 Non-Allowable Total 

1. Cash .............................................................................. $ 200 $ 

2. Receivables from brokers or dealers: 

750 

295 

300 

355 

418 

419 

420 

424 

430 

A. Clearance account .............................................. 

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 .............................................. 

550 

600 

810 

830 

$ 

850 

5. Securities and/or other investments 

not readily marketable: 

A. At cost $ 130 

B. At estimated fair value ........................................ 440 610 

630 

860 

880 

6. Securities borrowed under subordination 

agreements and partners’ individual and capital 

securities accounts, at market value: 

A. Exempted 

securities $ 150 

B. Other 

460 

securities $ 160 

7. Secured demand notes: ............................................ 470 640 890 

Market value of collateral: 

A. Exempted 

securities $ 170 

B. Other 

securities $ 

8. Memberships in exchanges: 

A. Owned, at 

180 

market $ 190 

B. Owned, at cost ................................................... 650 

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 ................................................................... 

12. TOTAL ASSETS ....................................................... $ $ $ 

OMIT PENNIES 

480 670 

900 

910 

660 

490 

535 

540 

680 

735 

740 

920 

930 

940 

SEC 1696 (11-18) 3 of 9
 

 

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. Non-A.I. 

Liabilities Liabilities Liabilities Total 

13. Bank loans payable ................................................ $ 1045 $ $ 1255 

14. Payable to brokers or dealers:

A. Clearance account ........................................... 1114 1315 

1470 

1560 

1115 

1155 

1305 

1355 

1540 

1610 

B. Other ............................................................... 

15. Payable to non-customers ..................................... 

16. Securities sold not yet purchased,

at market value ....................................................... 1360 1620

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 outsiders $ 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)) 

of . . . $ 1010 

D. Exchange memberships contributed for

use of company, at market value ........................ 

E. Accounts and other borrowings not

1205 1385 1685

1210 

1211 

1690 

1390 1700

1400 1710 

1410 1720 

1420 1730 

1430 1740 

qualified for net capital purposes ........................ 

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

1220 

1230 $ 

1440 

1450 $ 

Ownership Equity 

21. Sole Proprietorship .............................................................................................................................................................................. 

22. Partnership (limited partners) .................................... 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 ....................................................................................................................................................... (

1750 

1760 

1770 

1780 

1791 

1792 

1793 

1794 

1795 

) 1796 

1800 

1810

1797 

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

25. TOTAL OWNERSHIP EQUITY ....................................................................................................$.............................................

OMIT PENNIES 

SEC 1696 (11-18) 4 of 9
FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 

PART IIA 

BROKER OR DEALER as of _____________________ 

COMPUTATION OF NET CAPITAL 

1. Total ownership equity from Statement of Financial Condition ............................................................................................................. 

2. Deduct ownership equity not allowable for Net Capital ........................................................................................................................ 

3. Total ownership equity qualified for Net Capital ................................................................................................................................... 

4. Add: 

A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ...................................................... 

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

5. Total capital and allowable subordinated liabilities ............................................................................................................................... 

6. Deductions and/or charges: 

A. Total non-allowable assets from 

Statement of Financial Condition (Notes B and C) ............................................................... $ 

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

3540 

3590 

C. Commodity futures contracts and spot commodities – 

proprietary capital charges ..................................................................................................... 

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

3600 

3610 

7. Other additions and/or allowable credits (List) .................................................................................................................................... 

8. Net capital before haircuts on securities positions ............................................................................................................................... $ 

9. Haircuts on securities (computed, where applicable, pursuant to 15c3-1(f)): 

A. Contractual securities commitments .......................................................................................$ 

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

3660 

3670 

C. Trading and investment securities: 

1 Exempted securities ......................................................................................................... 

2. Debt securities ................................................................................................................. .

3. Options ............................................................................................................................ 

4. Other securities ................................................................................................................ 

D. Undue Concentration .............................................................................................................. 

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

3734 

3650 

3736 

3735 

3733 

3730 

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

$ 

$ 

3620 

3630 

3640 

( ) 

( ) 3740

$ 3750

OMIT PENNIES 

3480 

) 3490 

3500 

3520 

3525 

3530 

( 

SEC 1696 (11-18) 5 of 9
 

 

..

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) ..................................................................................................................................................... 

15.Excess net capital at 1000% (line 10 less 10% of line 19) .................................................................................................................. 

COMPUTATION OF AGGREGATE INDEBTEDNESS 

16. Total A.I. liabilities from Statement of Financial Condition .................................................................................................................... 

17. Add: 

A. Drafts for immediate credit ................................................................................................$ . 3800

B. Market value of securities borrowed for which no equivalent value 

is paid or credited ...................................................................................................................$ 

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

3810 

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 

$ 

$ 

$ 

$ 

$ 

$ 

$ 

$ 

% 

%

 $ 

subsidiaries computed in accordance with Note (A) ....................................................................................................................... ..... $ 

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 .................................................................................................................... $ 

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. 

3756 

3758 

3760 

3770 

3780 

3790 

3830 

3840 

3850 

3860 

3970 

3880 

3760 

3910 

3920 

(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 (11-18) 6 of 9
 

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 

PART IIA 

BROKER OR DEALER 

For the period (MMDDYY) from 

Number of months included in this statement 

3932 to 3933

 3931 

STATEMENT OF INCOME (LOSS) or STATEMENT OF COMPREHENSIVE INCOME 

(as defined in §210.1-02 of Regulation S-X), as applicable REVENUE 

1. Commissions:

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

b. Commissions on listed option transactions .................................................................................................................................. 

c. All other securities commissions .................................................................................................................................................. 

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

3935 

3938 

3939 

3940 

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 ............................................................................................................................... 

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 ....................................................................................................................................................................................... $ 

3945 

3949 

3950 

3952 

3955 

3970 

3990 

3975 

3995 

4030 

EXPENSES 

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

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

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

13. Interest expense .................................................................................................................................................................................. 

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

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) ............................................................................................................................ 

19. Equity in earnings (losses) of unconsolidated subsidiaries not included above ................................................................................... 

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

20.[RESERVED]

4338 

a. [RESERVED]

21.[RESERVED]

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

4210 

4220 

4222 

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

a. After Federal income taxes of .................................................................................... 4227

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

4226 

4228

MONTHLY INCOME 

25. Income (current month only) before provision for Federal income taxes ......................................................................................... $ 4211 

4230 

SEC 1696 (11-18) 7 of 9
 

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) ......................................................................................................................................................................... 

4240 

4250 

4260 

4270 

B. Additions (Includes non-conforming capital of .......................................................................... 

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

4262 ) 

4272 ) 

.$ 

2. Balance, end of period (From item 1800) ............................................................................................................................................ $ 4290 

STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED 

TO CLAIMS OF GENERAL CREDITORS 

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

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

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

4300 

4310 

4320 

4. Balance, end of period (From item 3520) ............................................................................................................................................ $ 4330 

OMIT PENNIES 

SEC 1696 (11-18) 8 of 9
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 firm 4335 

4550 

4560 

D. (k)(3) — Exempted by order of the Commission (include copy of letter) ...................................................................................... 

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 Amount to be 

Withdrawal or Withdrawn (cash (MMDDYY) Expect 

Accrual Insider or amount and/or Net Withdrawal or to 

(See below Outsider? Capital Value of Maturity Renew 

for code ) Name of Lender or Contributor (In or Out) Securities) Date (Yes or No) 

4600 4601 4602 4603 4604 4605 

4610 4611 4612 4613 4614 4615 

4620 4621 4622 4623 4624 4625 

4630 4631 4632 4633 4634 4635 

4640 4641 4642 4643 4644 4645 

Total $ 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: DESCRIPTIONS 

1. Equity Capital 

2. Subordinated Liabilities 

3. Accruals 

SEC 1696 (11-18) 9 of 9