# EDGAR Filing Document

**Accession Number:** 0001457457
**File Stem:** 0001457457-23-000002
**Filing Date:** 2023-3
**Character Count:** 35413
**Document Hash:** 57fc70ff7a12cc99484de6945e7c5fad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001457457-23-000002.hdr.sgml**: 20230322

**ACCESSION NUMBER**: 0001457457-23-000002

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230322

**DATE AS OF CHANGE**: 20230322

**EFFECTIVENESS DATE**: 20230322

**PERIOD START**: 20220101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BOLTON SECURITIES CORPORATION
- **CENTRAL INDEX KEY:** 0001457457
- **IRS NUMBER:** 043478095
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-68187
- **FILM NUMBER:** 23751790

**BUSINESS ADDRESS:**
- **STREET 1:** 579 MAIN STREET
- **CITY:** BOLTON
- **STATE:** MA
- **ZIP:** 01740
- **BUSINESS PHONE:** 978-779-6947 EXT

**MAIL ADDRESS:**
- **STREET 1:** 579 MAIN STREET
- **CITY:** BOLTON
- **STATE:** MA
- **ZIP:** 01740

## Full

```

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors
Bolton Securities Corporation

Opinion on the Financial Statements

We have audited the accompanying statement of financial condition
of Bolton Securities Corporation (the "Company") as of December
31, 2022, and the related statements of operations, changes in
stockholder's equity and cash flows for the year then ended, and
the related notes (collectively referred to as the "financial
statements"). In our opinion,  the  financial  statements
present  fairly,  in  all  material  respects,  the  financial
position  of  Bolton Securities Corporation as of December 31,
2022, and the results of its operations and its cash flows for
the year then ended in conformity with accounting principles
generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Companys
management. Our responsibility is to express an opinion on the
Companys financial statements based on our audit. We are a
public accounting firm registered with the Public Company
Accounting Oversight Board (United States) (PCAOB) and are
required to be independent with respect to the Company in
accordance with the U.S. federal securities laws and the
applicable rules and regulations of the Securities and Exchange
Commission and the PCAOB.

We conducted our audit in accordance with the standards of the
PCAOB. Those standards require that we plan and perform the
audit to obtain reasonable assurance  about  whether  the
financial statements are free of  material misstatement, whether
due to error or fraud.  Our audit included performing
procedures to assess the risks of material misstatement of the
financial statements, whether due to error or fraud, and
performing procedures that respond to those risks. Such
procedures included examining, on a test basis, evidence
regarding the amounts and disclosures in the financial
statements. Our audit also included evaluating the accounting
principles used and significant estimates made by management, as
well as evaluating the overall presentation of the financial
statements. We believe that our audit provides a reasonable basis
for our opinion.

Auditor's Report on Supplemental Information

The information in Schedule I (the "supplemental information")
has been subjected to audit procedures performed in conjunction
with the audit of the Companys financial statements. The
supplemental information is the responsibility of the Companys
management. Our audit procedures included determining whether
the supplemental information reconciles to the financial
statements or the underlying accounting and other records, as
applicable, and performing procedures to test the completeness
and accuracy of the information presented in the supplemental
information. In forming our opinion on the supplemental
information, we evaluated whether the supplemental information,
including its form and content, is presented in conformity with
17 C.F.R. 240.17a-5. In our opinion, the supplemental
information in Schedule I   is fairly stated, in all material
respects, in relation to the financial statements as a whole.

We have served as Bolton Securities Corporation?s auditor since
2014.

Frankfort, Illinois
March 7, 2023

Phone:708.489.1680 Fax:847.750.0490  dscpagroup.com
20646 Abbey Woods Ct N, Suite 201 Frankfort, IL 60423

BOLTON SECURITIES CORPORATION

STATEMENT OF FINANCIAL CONDITION

DECEMBER 31, 2022

ASSETS

Cash and cash equivalents				$1,428,204
Receivables other					1,000
Receivables related party				6,101
Prepaid expenses                                       117,945

TOTAL ASSETS                                 $1,553,250

LIABILITIES AND STOCKHOLDERS EQUITY

LIABILITIES
Accounts payable and accrued expenses           $   33,845
Accounts payable  related party                    357,621
Accrued income taxes				19,251
Commissions payable				5,730
Deferred revenue				47,548

Total Liabilities                            $  463,995

STOCKHOLDERS EQUITY
Common stock, $.01 par value; authorized
3,000 shares; issued and outstanding
100 shares                                    $        1
Additional paid in capital                           28,920
Retained earnings                                1,060,334

Total Stockholders Equity                   $1,089,255

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY   $1,553,250

STATEMENT OF OPERATIONS

YEAR ENDED DECEMBER 31, 2022

REVENUE
Fee based revenues                               $33,800,327
Other income                                          117,193

Total Revenue                            $33,917,520

EXPENSES
Commissions                                      $29,875,189
Occupancy  related party                             480,000
Other operating expenses                              230,404
Other operating expenses  related party            3,729,199

Total Expenses                         		 $34,314,792

Loss Before Income Tax Provision                  $   (397,272)

Provision for Income Tax                          $     17,716

NET LOSS                            		  $   (414,988)

STATEMENT OF CHANGES IN STOCKHOLDER?S EQUITY

YEAR ENDED DECEMBER 31, 2022

			Additional			Total
		Common	Paid In		Retained	Stockholders
		Stock	Capital		Earnings	Equity

Balance- Beginning
of Year       $      1 $   28,920  	$1,475,322  	$1,504,243

Net Loss                                (414,988)     (414,988)

BALANCE-END
OF YEAR       $      1 $   28,920  	$1,060,334  	$1,089,255

STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2022

Cash Flows from Operating Activities
Net Loss                                     $   (414,988)
Adjustments:
Decrease in receivables  other                      354
Increase in receivables  related party           (6,101)
Increase in prepaid expenses                    (114,993)
Increase in accounts payable and accrued
expenses                                          513
Increase in accounts payable  related party      84,887
Decrease in accrued income taxes                (185,349)
Increase in commissions payable                    5,730
Increase in deferred revenue                      47,548

Net Cash Flow Used in
Operating Activities                             $  (582,399)

Net Decrease in Cash
and Cash Equivalents                             $  (582,399)

Cash and Cash Equivalents Balance
at December 31, 2021                             $2,010,603

Cash and Cash Equivalents Balance
at December 31, 2022                             $1,428,204

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

Organization - Bolton Securities Corporation (the Company) is
located in Bolton, Massachusetts.  The Company is a dually
registered broker-dealer and investment advisor conducting
business on a fully disclosed basis over a network of independent
advisors.   The Company, through its independent financial
advisors, offers investment advice to its investment clients.
The Company is registered with the Securities and Exchange
Commission (SEC) and is an introducing broker subject to the
rules of the Commodity Futures Trading Commission (CFTC), and is
a member of the Financial Industry Regulatory Authority (FINRA),
the National Futures Association (NFA), and the Securities
Investors Protection Corporation (SIPC).

Basis of Presentation  The accompanying financial statements
are presented in conformity with accounting principles generally
accepted in the United States of America (GAAP).

Recognition of Revenue  The Company follows the revenue
recognition guidance that requires an entity to follow a five
step model to (a) identify the contract(s)  with a customer,
(b) identify the performance obligations in the contract, (c)
determine the transaction price, (d) allocate the transaction
price to the performance obligations in the contract, and (e)
recognize revenue when (or as) the entity satisfies the
performance obligation.

Revenues are recognized in accordance with the accounting
guidance when persuasive evidence of an arrangement exists, the
performance obligation has been met, the fee is fixed or
determinable, and collection is reasonably assured.

Significant Judgments - The recognition and measurement of
revenue is based on the assessment of individual contract terms.
Significant judgment is required to determine whether
performance obligations are satisfied at a point in time or over
time; how to allocate transaction prices where multiple
performance obligations are identified; when to recognize revenue
based on the appropriate measure of the Companys progress under
the contract; and whether constraints on variable consideration
should be applied due to uncertain future events.

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES -
(Continued)

Fee-based revenues - Fee-based revenues primarily consist of
portfolio service fees that are derived from accounts that
charge an annual fee based on net asset value (generally billed
quarterly in advance based on prior quarter asset values and
recognized over the quarterly period).

Receivables - The Company reviews the receivables for
collectability on a regular basis.  The allowance for doubtful
accounts reflects managements best estimate of probable losses
determined principally on the basis of historical experience.
The allowance for doubtful accounts was $0 at December 31, 2022.

Cash Equivalents - For purposes of the Statement of Cash Flows,
the Company has defined cash equivalents as highly liquid
investments, with original maturities of less than three months
that are not held for sale in the ordinary course of business.

Concentrations of Credit Risk - The Company is engaged in
various brokerage activities in which the counterparties
primarily include broker/dealers, banks, other financial
institutions and the Companys own customers.  In the event the
counterparties do not fulfill their obligations, the Company may
be exposed to risk.  The risk of default depends on the
creditworthiness of the counterparty or issuer of the
instrument.  It is the Companys policy to review, as necessary,
the credit standing of each counterparty.

In addition, most of the Companys cash is on deposit at two
financial institutions and the balance at times may exceed the
federally insured limit.  The Company believes it is not exposed
to any significant credit risk to cash.

Leases -   On January 1, 2019, the Company adopted ASU 2016-02
Leases  (Topic 842).   ASU 2016-02 requires the recognition of
lease assets and lease liabilities on the balance sheet related
to the rights and obligations created by lease agreements,
including those leases classified as operating leases under
previous GAAP, along with the disclosure of key information
about leasing arrangements.   ASU 2016-02 is effective for
fiscal years beginning after December 15, 2018. The Company has
elected not to recognize leases with terms of 12 months or less,
unless there is reasonable expectation the agreement will be
renewed.

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES -
(Continued)

Estimates - The preparation of financial statements in
conformity with GAAP requires management to make estimates and
assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities
at the date of the financial statements and the reported amounts
of revenues and expenses during the reporting period.   Actual
results could differ from those estimates.

NOTE 2 - NET CAPITAL REQUIREMENTS

As a registered broker/dealer and member of FINRA, the Company
is subject to the SEC Uniform Net Capital Rule (Rule 15c3-1),
which requires the maintenance of minimum net capital and
requires that the ratio of aggregate indebtedness to net
capital, both as defined, shall not exceed 1500%.   At December
31, 2022, the Company?s net capital and required net capital
were $937,286 and $50,000, respectively.  The ratio of aggregate
indebtedness to net capital was 50%.

NOTE 3 - RELATED PARTIES

The Company pays monthly management fees to Bolton Capital
Group, Inc. (BCG), a related entity through common ownership,
under a management contract. The fees provide compensation for
supervisory responsibilities, and for any operational and
overhead expenses incurred in connection with the Companys
broker/dealer business. During 2022, supervisory and overhead
costs incurred under this arrangement totaled $3,729,199, of
which $357,621 was payable at December 31, 2022.

The Company records fee-based revenue and the related commission
expense via a book entry with Bolton Global Capital, Inc. (BGC),
a related broker-dealer indirectly owned by the sole stockholder
of the Company. At December 31, 2022, the Company recorded
$32,555,117 of fee-based revenue and $28,811,694 of commission
expense from BGC.  As of December 31, 2022, the Company was owed
$6,101 from BGC.

The Company subleases office space from BGC for a monthly fee of
$40,000. The agreement shall renew automatically on an annual
basis unless terminated by mutual agreement by both parties.
For the year ended December 31, 2022, the Company paid $480,000
for this sublease, which is included in occupancy on the
Statement of Operations (See note 8).

NOTE 4 - INCOME TAXES

The Company is taxed as a C Corporation status for income tax
purposes.  The provision for income tax in the Statement of
Operations consists of federal tax recovery and state tax
expense in the amounts of $5,261 and $22,977, respectively.  The
Company paid taxes of $317,626, with $19,251 accrued and
$114,6561 as prepaid on the Statement of Financial Condition.
The Company has no deferred tax assets or liabilities as of
December 31, 2022.

The Company accounts for any potential interest or penalties
related to possible future liabilities for unrecognized income
tax benefits as other expense.   The Company is no longer
subject to examination by tax authorities for federal, state or
local income taxes for periods before 2019.

NOTE 5  BUSINESS CONCENTRATIONS

The Company had approximately 70 registered investment advisor
affiliations during 2022.  One of those advisors was responsible
for approximately 15% of the Companys revenue volume during the
year ending December 31, 2022.

NOTE 6 - OFF-BALANCE SHEET RISK AND CLEARING AGREEMENTS

In order to facilitate securities transactions, the Company has
an agreement with a broker/dealer (Clearing Broker/dealer). When
effective, the Company will forward (introduce) customer
securities transactions to the Clearing Broker/dealer, fully
disclosing the customer name and other information.  The
processing and, if applicable, any financing pertaining to the
introduced transactions would be performed by the Clearing
Broker/dealer.  The customers accounts would be maintained and
recorded in the books and records of the Clearing Broker/dealer
on the Companys behalf.

NOTE 7  REVENUE FROM CONTRACTS WITH CUSTOMERS

In regard to ASC Topic 606, revenue has been disaggregated on
the Statement of Operations.  No further disaggregation is
warranted for the year ended December 31, 2022.

NOTE 8 - LEASE COMMITMENT

The Company leases office space from a related party on an
annual basis.  The lease automatically renews unless terminated
by both parties (See Note 3).

NOTE 9  CONTINGENCIES

During 2022, the Company was involved in various claims and
lawsuits, arising in the normal course of business.
Management believes that  any  financial responsibilities that
may be incurred in the ultimate resolution of these matters will
not have a material adverse effect on the Companys financial
position or results of operations.

NOTE 10 - SUBSEQUENT EVENTS

The Company has evaluated subsequent events for potential
recognition and/or disclosure through the date the financial
statements were issued, noting none.

SUPPLEMENTAL INFORMATION

NOTE:  The Company is exempt from the provisions of SEC Rule
15c3-3 under the Securities Exchange Act of 1934 as the Companys
activities are limited to those set forth in the conditions for
exemption appearing in paragraph (k)(2)(ii) of Rule 15c3-3

BOLTON SECURITIES CORPORATION

SCHEDULE I - COMPUTATION OF NET CAPITAL AND AGGREGATE
INDEBTEDNESS PER UNIFORM NET CAPITAL RULE 15c3-1

DECEMBER 31, 2022

COMPUTATION OF NET CAPITAL
Total stockholders equity				$1,089,255
Deductions:

Nonallowable assets					125,046
Haircuts						26,923

NET CAPITAL                             		$  937,286

COMPUTATION OF BASIC NET CAPITAL REQUIREMENT Minimum net capital
requirement (6 2/3%
of total aggregate indebtedness)           	$   30,933

Minimum dollar net capital requirement          $   50,000

Net capital requirement                         $   50,000

EXCESS NET CAPITAL                     		$  887,286

TOTAL AGGREGATE INDEBTEDNESS                         $  463,995

Percentage of Aggregate Indebtedness to
Net Capital                                              50%

NOTE:   There are no material differences between the
computations above and the computations included in the
Companys corresponding unaudited Form X-17A-5 Part IIA filing.

See accompanying Report of Independent Registered Public
Accounting Firm.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors
Bolton Securities Corporation

We have reviewed managements statements, included in the
accompanying exemption report, in which (1) Bolton Securities
Corporation identified the following provisions of 17 C.F.R.
section 15c3-3(k) under which Bolton Securities Corporation
claims an exemption from 17 C.F.R. section 240.15c3-3(k)(2)(ii)
(the exemption provisions) and (2) Bolton Securities
Corporation stated that Bolton Securities Corporation met the
identified exemption provisions throughout the most recent fiscal
year ended December 31, 2022 without exception. Bolton
Securities Corporations management is responsible for
compliance with the exemption provisions and its statements.

Our review was conducted in accordance with the standards of the
Public Company Accounting Oversight Board (United States) and,
accordingly, included inquiries and other required procedures to
obtain evidence about Bolton Securities Corporations compliance
with the exemption provisions. A review is substantially less in
scope than an examination, the objective of which is the
expression of an opinion on managements statements.
Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material
modifications that should be made to managements statements
referred to above for them to be fairly stated, in all material
respects, based on the provisions set forth in paragraph
(k)(2)(ii) of Rule 15c3-3 under the Securities Exchange Act of
1934.

Frankfort, Illinois
March 7, 2023

Phone:708.489.1680 Fax:847.750.0490 I dscpagroup.com
20646 Abbey Woods Ct N, Suite 201 I Frankfort, IL 60423

EXEMPTION  REPORT
SEC  Rule  17a-5(d)(4)

March 07, 2023

The information below is designed to meet the Exemption Report
criteria pursuant to SEC Rule 17a-5(d)(4):

Bolton  Securities  Corporation  is  a broker/dealer
registered  with  the  SEC and FINRA.

Bolton Securities Corporation claimed an exemption  under
paragraph (k)(2)(ii) of Rule 15c3-3 for the year ended December 31, 2022.

Bolton Securities  Corporation   is  exempt  from the
provisions or Rule 15c3-3 because it meets  conditions
set forth in paragraph (k)(2)(ii) of the rule, of which, the identity of the
specific conditions are as follows:

The provisions of the Customer  Protection  Rule shall  not be
applicable to a broker or dealer  who, as an introducing
broker or dealer, clears all transactions with and  for
customers on  a fully  disclosed  basis  with  a clearing
broker  or dealer,  and  who  promptly   transmits  all
customer funds and securities to  the clearing broker or
dealer which carries all of the accounts  of such customers
and maintains  and preserves  such books and records
pertaining  thereto pursuant to the requirements of Rule 17a-3
and rule l7a-4, as are customarily  made and kept by a
clearing broker or dealer.

Bolton Securities Corporation has met the identified  exemption
provisions  in paragraph  (k)(2)(ii)  of Rule  15c3-3
throughout  the  year ended  December  31, 2022 without
exception.

Bolton Securities Corporation has not recorded any exceptions
to the exemption provision in paragraph (k)(2)(ii) of Rule l5c3-3
for the year ended December 31, 2022.

The above statements are true and correct to the best of my
and the Firm's knowledge.

BOLTON SECURITIES
579 Main Street,  Bolton, MA 01740     978-779-6947
Boltonsecurities.com

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## Full

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors
Bolton Securities Corporation

Opinion on the Financial Statement

We have audited the accompanying statement of financial condition
of Bolton Securities Corporation (the "Company") as of December
31, 2022, and the related notes (collectively referred to as the
"financial statement"). In our opinion, the statement of
financial condition presents fairly, in all material respects,
the financial position of Bolton Securities Corporation as of
December 31, 2022 in conformity with accounting principles
generally accepted in the United States of America.

Basis for Opinion

This financial statement is the responsibility of the Companys
management. Our responsibility is to express an opinion on the
Companys financial statement based on our audit. We are a public
accounting firm registered with the Public Company Accounting
Oversight Board (United States) (PCAOB) and are required to be
independent with respect to the Company in accordance with the
U.S. federal securities laws and the applicable rules and
regulations of the Securities and Exchange Commission and the
PCAOB.

We conducted our audit in accordance with the standards of the
PCAOB. Those standards require that we plan and perform the
audit to obtain reasonable assurance about whether the financial
statement is free of material misstatement, whether due to
error or fraud. Our audit included performing procedures to
assess the risks of material misstatement of the financial
statement, whether due to error or fraud, and performing
procedures that respond to those risks. Such procedures included
examining, on a test basis, evidence regarding the amounts and
disclosures in the financial statements. Our audit also included
evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall
presentation of the financial statements. We believe that our
audit provides a reasonable basis for our opinion.

We have served as Bolton Securities Corporations auditor since
2014.

Frankfort, Illinois
March 7, 2023

Phone:708.489.1680 Fax:847.750.0490  dscpagroup.com
20646 Abbey Woods Ct N, Suite 201  Frankfort, IL 60423

BOLTON SECURITIES CORPORATION

STATEMENT OF FINANCIAL CONDITION

DECEMBER 31, 2022

ASSETS

Cash and cash equivalents			$1,428,204
Receivables other				1,000
Receivables related party			6,101
Prepaid expenses                                117,945

TOTAL ASSETS                                 $1,553,250

LIABILITIES AND STOCKHOLDER?S EQUITY

LIABILITIES
Accounts payable and accrued expenses           $   33,845
Accounts payable  related party                 357,621
Accrued income taxes				19,251
Commissions payable				5,730
Deferred revenue				47,548

Total Liabilities                            $  463,995

STOCKHOLDERS EQUITY
Common stock, $.01 par value; authorized
3,000 shares; issued and outstanding
100 shares                                    $        1
Additional paid in capital                           28,920
Retained earnings                                1,060,334

Total Stockholders Equity                   $1,089,255

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY   $1,553,250

The accompanying notes are an integral part of this financial
statement.

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

Organization - Bolton Securities Corporation (the Company) is
located in Bolton, Massachusetts.  The Company is a dually
registered broker-dealer and investment advisor conducting
business on a fully disclosed basis over a network of independent
advisors.   The Company, through its independent financial
advisors, offers investment advice to its investment clients.
The Company is registered with the Securities and Exchange
Commission (SEC) and is an introducing broker subject to the
rules of the Commodity Futures Trading Commission (CFTC), and is
a member of the Financial Industry Regulatory Authority (FINRA),
the National Futures Association (NFA), and the Securities
Investors Protection Corporation (SIPC).

Basis of Presentation  The accompanying financial statements
are presented in conformity with accounting principles generally
accepted in the United States of America (GAAP).

Recognition of Revenue  The Company follows the revenue
recognition guidance that requires an entity to follow a five
step model to (a) identify the contract(s)  with a customer,
(b) identify the performance obligations in the contract, (c)
determine the transaction price, (d) allocate the transaction
price to the performance obligations in the contract, and (e)
recognize revenue when (or as) the entity satisfies the
performance obligation.

Revenues are recognized in accordance with the accounting
guidance when persuasive evidence of an arrangement exists, the
performance obligation has been met, the fee is fixed or
determinable, and collection is reasonably assured.

Significant Judgments - The recognition and measurement of
revenue is based on the assessment of individual contract terms.
Significant judgment is required to determine whether
performance obligations are satisfied at a point in time or over
time; how to allocate transaction prices where multiple
performance obligations are identified; when to recognize revenue
based on the appropriate measure of the Companys progress under
the contract; and whether constraints on variable consideration
should be applied due to uncertain future events.

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES -
(Continued)

Fee-based revenues - Fee-based revenues primarily consist of
portfolio service fees that are derived from accounts that
charge an annual fee based on net asset value (generally billed
quarterly in advance based on prior quarter asset values and
recognized over the quarterly period).

Receivables - The Company reviews the receivables for
collectability on a regular basis.  The allowance for doubtful
accounts reflects managements best estimate of probable losses
determined principally on the basis of historical experience.
The allowance for doubtful accounts was $0 at December 31, 2022.

Cash Equivalents - For purposes of the Statement of Cash Flows,
the Company has defined cash equivalents as highly liquid
investments, with original maturities of less than three months
that are not held for sale in the ordinary course of business.

Concentrations of Credit Risk - The Company is engaged in
various brokerage activities in which the counterparties
primarily include broker/dealers, banks, other financial
institutions and the Companys own customers.  In the event the
counterparties do not fulfill their obligations, the Company may
be exposed to risk.  The risk of default depends on the
creditworthiness of the counterparty or issuer of the
instrument.  It is the Companys policy to review, as necessary,
the credit standing of each counterparty.

In addition, most of the Companys cash is on deposit at two
financial institutions and the balance at times may exceed the
federally insured limit.  The Company believes it is not exposed
to any significant credit risk to cash.

Leases -   On January 1, 2019, the Company adopted ASU 2016-02
Leases  (Topic 842).   ASU 2016-02 requires the recognition of
lease assets and lease liabilities on the balance sheet related
to the rights and obligations created by lease agreements,
including those leases classified as operating leases under
previous GAAP, along with the disclosure of key information
about leasing arrangements.   ASU 2016-02 is effective for
fiscal years beginning after December 15, 2018. The Company has
elected not to recognize leases with terms of 12 months or less,
unless there is reasonable expectation the agreement will be
renewed.

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES -
(Continued)

Estimates - The preparation of financial statements in
conformity with GAAP requires management to make estimates and
assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities
at the date of the financial statements and the reported amounts
of revenues and expenses during the reporting period.   Actual
results could differ from those estimates.

NOTE 2 - NET CAPITAL REQUIREMENTS

As a registered broker/dealer and member of FINRA, the Company
is subject to the SEC Uniform Net Capital Rule (Rule 15c3-1),
which requires the maintenance of minimum net capital and
requires that the ratio of aggregate indebtedness to net
capital, both as defined, shall not exceed 1500%.   At December
31, 2022, the Companys net capital and required net capital
were $937,286 and $50,000, respectively.  The ratio of aggregate
indebtedness to net capital was 50%.

NOTE 3 - RELATED PARTIES

The Company pays monthly management fees to Bolton Capital
Group, Inc. (BCG), a related entity through common ownership,
under a management contract. The fees provide compensation for
supervisory responsibilities, and for any operational and
overhead expenses incurred in connection with the Company?s
broker/dealer business. During 2022, supervisory and overhead
costs incurred under this arrangement totaled $3,729,199, of
which $357,621 was payable at December 31, 2022.

The Company records fee-based revenue and the related commission
expense via a book entry with Bolton Global Capital, Inc. (BGC),
a related broker-dealer indirectly owned by the sole stockholder
of the Company.  As of December 31,
2022, the Company was owed $6,101 from BGC.

The Company subleases office space from BGC for a monthly fee of
$40,000. The agreement shall renew automatically on an annual
basis unless terminated by mutual agreement by both parties.
For the year ended December 31, 2022, the Company paid $480,000
for this sublease, which is included in occupancy on the
Statement of Operations (See note 8).

NOTE 4 - INCOME TAXES

The Company is taxed as a C Corporation status for income tax
purposes.  The provision for income tax in the Statement of
Operations consists of federal tax recovery and state tax
expense in the amounts of $5,261 and $22,977, respectively.  The
Company paid taxes of $317,626, with $19,251 accrued and
$114,6561 as prepaid on the Statement of Financial Condition.
The Company has no deferred tax assets or liabilities as of
December 31, 2022.

The Company accounts for any potential interest or penalties
related to possible future liabilities for unrecognized income
tax benefits as other expense.   The Company is no longer
subject to examination by tax authorities for federal, state or
local income taxes for periods before 2019.

NOTE 5  BUSINESS CONCENTRATIONS

The Company had approximately 70 registered investment advisor
affiliations during 2022.  One of those advisors was responsible
for approximately 15% of the Companys revenue volume during the
year ending December 31, 2022.

NOTE 6 - OFF-BALANCE SHEET RISK AND CLEARING AGREEMENTS

In order to facilitate securities transactions, the Company has
an agreement with a broker/dealer (Clearing Broker/dealer). When
effective, the Company will forward (introduce) customer
securities transactions to the Clearing Broker/dealer, fully
disclosing the customer name and other information.  The
processing and, if applicable, any financing pertaining to the
introduced transactions would be performed by the Clearing
Broker/dealer.  The customers accounts would be maintained and
recorded in the books and records of the Clearing Broker/dealer
on the Companys behalf.

NOTE 7  REVENUE FROM CONTRACTS WITH CUSTOMERS

In regard to ASC Topic 606, revenue has been disaggregated on
the Statement of Operations.  No further disaggregation is warranted
for the year ended December 31, 2022.

NOTE 8 - LEASE COMMITMENT

The Company leases office space from a related party on an
annual basis.  The lease automatically renews unless terminated
by both parties (See Note 3).

NOTE 9  CONTINGENCIES

During 2022, the Company was involved in various claims and
lawsuits, arising in  the normal course of business.
Management  believes that  any  financial responsibilities that
may be incurred in the ultimate resolution of these matters will
not have a material adverse effect on the Companys financial
position or results of operations.

NOTE 10 - SUBSEQUENT EVENTS

The Company has evaluated subsequent events for potential
recognition and/or disclosure through the date the financial
statements were issued, noting none.

```

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

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0001457457

**Filer CCC:** XXXXXXXX

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

**Would you like a Return Copy?:** No

### 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:** BOLTON SECURITIES CORPORATION

**Business Address:** 579 MAIN STREET, BOLTON, MA, 01740

**Contact Person:** STEVEN TARPEY

**Contact Phone:** 9787795361

### Independent Public Accountant Identification

**Accountant Name:** Demarco Sciaccotta Wilkens & Dunleavy, LLP

**Accountant Address:** 20646 Abbey Woods Ct. N, Ste. 201, Frankfort, IL, 60423

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Eugene Hayes**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **BOLTON SECURITIES CORPORATION**, as of **12-31-2022**, are true and correct.

**Signature:** Eugene Hayes

**Title:** Financial & Operations Principal

**Notarized:** Yes