# EDGAR Filing Document

**Accession Number:** 0001295232
**File Stem:** 0001295232-23-000002
**Filing Date:** 2023-3
**Character Count:** 10127
**Document Hash:** 371b3a7d7e82c58215f152b54565fb21
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001295232-23-000002.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001295232-23-000002

**CONFORMED SUBMISSION TYPE**: X-17A-5

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**EFFECTIVENESS DATE**: 20230331

**PERIOD START**: 20220101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HAITONG INTERNATIONAL SECURITIES (USA) INC.
- **CENTRAL INDEX KEY:** 0001295232
- **IRS NUMBER:** 201250173
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-66566
- **FILM NUMBER:** 23789955

**BUSINESS ADDRESS:**
- **STREET 1:** 452 FIFTH AVENUE
- **STREET 2:** 23RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 212-351-6012

**MAIL ADDRESS:**
- **STREET 1:** 452 FIFTH AVENUE
- **STREET 2:** 23RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HAITONG INTERNATIONAL SECURITIES (USA) INC.
- **DATE OF NAME CHANGE:** 20150602

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JAPANINVEST INC.
- **DATE OF NAME CHANGE:** 20040623

### Attached PDF Documents

**Attachment 1:** `StmtFinCond2022.pdf`

# HAITONG INTERNATIONAL SECURITIES (USA) INC.

# STATEMENT OF FINANCIAL CONDITION

DECEMBER 31, 2022

# UNITED STATES

# SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB APPROVAL

OMB Number: 3235-0123

Expires: Oct. 31, 2023

Estimated average burden

hours per response... 12

# ANNUAL REPORTS

# FORM X-17A-5

# PART III

SEC FILE NUMBER

8-66566

# FACING PAGE

Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934

REPORT FOR THE PERIOD BEGINNING 01/01/2022 AND ENDING 12/31/2022

MM/DD/YY

MM/DD/YY

# A. REGISTRANT IDENTIFICATION

NAME OF FIRM: Haitong International Securities (USA) Inc.

TYPE OF REGISTRANT (check all applicable boxes):

☑ Broker-dealer

☐ Security-based swap dealer

☐ Major security-based swap participant

☐ Check here if respondent is also an OTC derivatives dealer

ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.)

452 Fifth Avenue, 23rd Floor

| (No. and Street) |  |  |
| --- | --- | --- |
| New York | NY | 10018 |
| (City) | (State) | (Zip Code) |
| PERSON TO CONTACT WITH REGARD TO THIS FILING |  |  |
| Sean Forbes |  | 212-351-6012 |
| (Name) | (Area Code - Telephone Number) | (Email Address) |

# B. ACCOUNTANT IDENTIFICATION

INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this filing*

Mayer Hoffman McCann CPAs

| (Name - if individual, state last, first, middle name) |  |  |  |
| --- | --- | --- | --- |
| 685 Third Avenue | New York | NY | 10017 |
| (Address) | (City) | (State) | (Zip Code) |
| 10/22/2003 |  |  | 199 |
| (Date of Registration with PCAOB)(if applicable) |  |  | (PCAOB Registration Number, if applicable) |
| FOR OFFICIAL USE ONLY |  |  |  |

* Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable.

Persons who are to 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.

# OATH OR AFFIRMATION

I, Sean M. Forbes, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Haitong International Securities (USA) Inc., as of December 31, 2022, is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer.

![img-0.jpeg](img-0.jpeg)

President & CFO

Mohan D. Buxani

Notary Public State of NewYork

Registration No. 01BU6266896

Qualified in New York County

Commission Expires Aug 6, 2024

Notary Public

This filing** contains (check all applicable boxes):

☑ (a) Statement of financial condition.
☑ (b) Notes to consolidated statement of financial condition.
☐ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X).
☐ (d) Statement of cash flows.
☐ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity.
☐ (f) Statement of changes in liabilities subordinated to claims of creditors.
☐ (g) Notes to consolidated financial statements.
☐ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable.
☐ (i) Computation of tangible net worth under 17 CFR 240.18a-2.
☐ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
☐ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable.
☐ (l) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3.
☐ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3.
☐ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable.
☐ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist.
☐ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition.
☑ (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable.
☐ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
☐ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
☑ (t) Independent public accountant's report based on an examination of the statement of financial condition.
☐ (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable.
☐ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
☐ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
☐ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable.
☐ (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k).
☐ (z) Other:

**To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable.

# HAITONG INTERNATIONAL SECURITIES (USA) INC.  
STATEMENT OF FINANCIAL CONDITION  
DECEMBER 31, 2022

# ASSETS

| Cash and cash equivalents | $9,600,822 |
| --- | --- |
| Certificate of deposit | 4,025,028 |
| Receivable from clearing organizations | 3,750,522 |
| Receivable from brokerage clients | 596,312 |
| Securities owned, at market value | 131,232 |
| Due from Parent and affiliate | 714,558 |
| Operating lease right of use asset | 10,330,891 |
| Finance lease right of use asset | 77,274 |
| Prepaid expenses | 164,253 |
| Property and equipment, net | 3,499,716 |
| Artwork | 622,409 |
| Deposits and other assets | 100,133 |
| TOTAL ASSETS | $33,613,150 |

# LIABILITIES AND STOCKHOLDER'S DEFICIT

| LIABILITIES |  |
| --- | --- |
| Accrued expenses and other liabilities | $1,228,175 |
| Operating lease liability | 13,013,048 |
| Finance lease liability | 62,186 |
| Due to affiliate | 16,412 |
| TOTAL LIABILITIES | 14,319,821 |
| Subordinated borrowings | 26,966,500 |
| COMMITMENTS |  |
| STOCKHOLDER'S DEFICIT |  |
| Common stock, $500 par value, 200 shares authorized, issued and outstanding | 100,000 |
| Additional paid-in capital | 9,556,943 |
| Accumulated deficit | (17,330,114) |
| Total stockholder's deficit | (7,673,171) |
| TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT | $33,613,150 |

See accompanying notes to financial statements.

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

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0001295232

**Filer CCC:** XXXXXXXX

**Is this a LIVE or TEST filing?:** LIVE

**Would you like a Return Copy?:** Yes

### Submission Information

**Report Period Begin Date:** 01-01-2022

**Report Period End Date:** 12-31-2022

**Type of Registrant:** Broker-dealer

**Any material weaknesses identified?:** No

### Registrant Identification

**Name of Broker-Dealer:** HAITONG INTERNATIONAL SECURITIES (USA) INC.

**Business Address:** 452 FIFTH AVENUE, 23RD FLOOR, NEW YORK, NY, 10018

**Contact Person:** Sean M. Forbes

**Contact Phone:** 212-351-6012

### Independent Public Accountant Identification

**Accountant Name:** Mayer Hoffman McCann CPAs

**Accountant Address:** 685 Third Avenue, New York, NY, 10017

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Sean M. Forbes**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **HAITONG INTERNATIONAL SECURITIES (USA) INC.**, as of **12-31-2022**, are true and correct.

**Signature:** Sean M. Forbes

**Title:** President & CFO

**Notarized:** Yes