# EDGAR Filing Document

**Accession Number:** 0000808472
**File Stem:** 0000808472-23-000001
**Filing Date:** 2023-1
**Character Count:** 29916
**Document Hash:** 25e39d98b7e4efca3a641c12e645d290
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000808472-23-000001.hdr.sgml**: 20230113

**ACCESSION NUMBER**: 0000808472-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230113

**DATE AS OF CHANGE**: 20230113

**EFFECTIVENESS DATE**: 20230113

**PERIOD START**: 20220101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FINANCIAL GOAL SECURITIES, INC.
- **CENTRAL INDEX KEY:** 0000808472
- **IRS NUMBER:** 954079811
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-37151
- **FILM NUMBER:** 23528523

**BUSINESS ADDRESS:**
- **STREET 1:** 35-900 BOB HOPE DRIVE
- **STREET 2:** SUITE 202
- **CITY:** RANCHO MIRAGE
- **STATE:** CA
- **ZIP:** 92270
- **BUSINESS PHONE:** 760-324-4015

**MAIL ADDRESS:**
- **STREET 1:** 35-900 BOB HOPE DRIVE
- **STREET 2:** SUITE 202
- **CITY:** RANCHO MIRAGE
- **STATE:** CA
- **ZIP:** 92270

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FINANCIAL GOAL SECURITIES INC                           /BD
- **DATE OF NAME CHANGE:** 19870102

### Attached PDF Documents

**Attachment 1:** `FGSAUDIT2022.pdf`

# Financial Goal Securities, Inc.  
Report Pursuant to SEC Rule 17a-5 (d)  
Financial Statements  
For the Year Ended December 31, 2022

# CONTENTS

|  | Page |
| --- | --- |
| Table of Contents | 1 |
| Annual Audited Report Form X-17 A-5 Part III | 2-4 |
| Report of Independent Registered Public Accounting Firm | 5 |

Financial Statements:

| Statement of Financial Condition | 6 |
| --- | --- |
| Statement of Operations | 7 |
| Statement of Changes in Stockholder's Equity | 8 |
| Statement of Cash Flows | 9 |
| Notes to Financial Statements | 10-13 |

Additional Information:

| Schedule I: Computation of Net Capital Pursuant to SEC Rule 15c3-1 | 14 |
| --- | --- |
| Schedule II: Computation for Determination of the Reserve Requirements and Information Relating to Possession or Control Requirements for Brokers and Dealers Pursuant to SEC Rule 15c3-3 | 15 |

Report of Independent Registered Public Accounting Firm 16

Assertions Regarding Exemption Provisions 17
Pursuant to Provisions of 17 C.F.R. § 15c3-3(k)

-1-

# 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

8-37151

# FACING PAGE

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

FILING FOR THE PERIOD BEGINNING 01/01/22 AND ENDING 12/31/22

MM/DD/YY

MM/DD/YY

# A. REGISTRANT IDENTIFICATION

NAME OF FIRM: Financial Goal Securities, 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 a P.O. box no.)

35-900 Bob Hope Drive Suite 202

(No. and Street)

Rancho Mirage

(City)

CA

(State)

92270

(Zip Code)

PERSON TO CONTACT WITH REGARD TO THIS FILING

Bryan S. Kocen 760-324-4015

bryan@kfginc.com

(Name)

(Area Code - Telephone Number)

(Email Address)

# B. ACCOUNTANT IDENTIFICATION

INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*

DCPA

(Name - if individual, state last, first, and middle name)

1999 Avenue of the Stars #1100

Century City

California 90067

(Address)

(City)

(State)

(Zip Code)

9/15/2020

6567

(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, Bryan S. Kocen ____, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Financial Goal Securities, 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.

Please see attached California compliant Acknowledgment / Jurat

Signature: Bryan S. Kocen
Title: President

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.

## ACKNOWLEDGMENT

A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

State of California
County of RIVERSIDE

On January 12, 2023 before me, INEZ JUAREZ, NOTARY PUBLIC
(insert name and title of the officer)

personally appeared Bryan S. Kocen
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal

Signature

(Seal)

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

Inez Juarez
COMM. #2288511
NOTARY PUBLIC - CALIFORNIA
RIVERSIDE COUNTY
My Comm. Expires May 13, 2023

1999 AVE OF THE STARS #1100

CENTURY CITY, CA 90067

DCPA

818-414-5204

SHAWN@DCPAPRO.COM

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To Those Charged with Governance and the Stockholder of Financial Goal Securities, Inc.:

## Opinion on the Financial Statements

We have audited the accompanying statement of financial condition of Financial Goal Securities, Inc. (the "Company") as of December 31, 2022, 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 the Company 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.

## Basis for Opinion

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's 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.

## Supplemental Information

The information contained in Schedules I and II ("Supplemental Information") has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The Supplemental Information is the responsibility of the Company's 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, Schedules I and II are fairly stated, in all material respects, in relation to the financial statements taken as a whole.

DCPA

DCPA

We have served as the Company's auditor since 2022.

Century City, California

January 11, 2023

# FINANCIAL GOAL SECURITIES, INC.
STATEMENT OF FINANCIAL CONDITION

DECEMBER 31, 2022

# ASSETS

| Cash in bank | $25,725 |
| --- | --- |
| Concessions receivable | 17,335 |
| Advances to stockholder | 118,527 |
| Prepaid fidelity bond | 568 |
| Deposit - CRD | 2,117 |
| Total assets | $164,272 |

# LIABILITIES AND STOCKHOLDER'S EQUITY

| Liabilities: |  |
| --- | --- |
| Accounts payable | $1,201 |
| Concessions Payable | 4,440 |
| Income Taxes Payable | 2,400 |
| Total liabilities | 8,041 |
| Guarantees | - |
| Stockholder's equity: |  |
| Common stock, no par value per share; authorized 100,000 shares; issued and outstanding 10,000 shares | $10,000 |
| Additional paid-in capital | 22,833 |
| Retained earnings | 123,398 |
| Total stockholder's equity | 156,231 |
| Total liabilities and stockholder's equity | $164,272 |

The accompanying notes are an integral part of these financial statements.

-6-

# **FINANCIAL GOAL SECURITIES, INC.**
**STATEMENT OF OPERATIONS**

YEAR ENDED DECEMBER 31, 2022

| Revenues: |  |
| --- | --- |
| Concessions - DPP | $240,585 |
| Due diligence fees | 47,327 |
| Interest | 2,502 |
| Total revenues | 290,414 |
| Operating expenses: |  |
| Salaries and commissions | $188,340 |
| Professional fees | 18,801 |
| Payroll taxes | 11,733 |
| Regulatory assessments | 7,164 |
| SIPC assessments | 1,396 |
| Overhead reimbursement | 59,808 |
| Other | 1,345 |
| Total expenses | 288,587 |
| Income before income taxes | 1,827 |
| Income taxes | 3,200 |
| Net Loss | $(1,373) |

The accompanying notes are an integral part of these financial statements.

-7-

# FINANCIAL GOAL SECURITIES, INC.
STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY

YEAR ENDED DECEMBER 31, 2022

|  | Common Stock | Additional Paid-In Capital | Retained Earnings | Total |
| --- | --- | --- | --- | --- |
| Balance at beginning of year | $10,000 | $22,833 | $124,771 | $157,604 |
| Net loss for the year ended December 31, 2022 | - | - | (1,373) | (1,373) |
| Balance at end of year | $10,000 | $22,833 | $123,398 | $156,231 |

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

-8-

# FINANCIAL GOAL SECURITIES, INC.
## STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2022

| Cash flows from operating activities: |  |
| --- | --- |
| Net loss | $(1,373) |
| Adjustments to reconcile net loss to net cash used in operating activities: |  |
| Decrease in concessions receivable | $37,549 |
| Decrease in prepaids and deposit | ( 1,239) |
| Increase in advances to stockholder | ( 3 3 ,333) |
| Increase in accounts and concessions payable | 4,993 |
| Increase in income taxes payable | 2,400 |
| Total adjustments | 10,370 |
| Net cash flows provided by operating activities | 8,997 |
| Cash flows from investing activities | - |
| Cash flows from financing activities | - |
| Net increase in cash | 8,997 |
| Cash at beginning of year | 16,728 |
| Cash at end of year | $25,725 |

# SUPPLEMENTAL CASH INFORMATION

| Cash payments for: |  |
| --- | --- |
| Income taxes | $550 |
| Interest expense | $ - |

The accompanying notes are an integral part of these financial statements.

-9-

# FINANCIAL GOAL SECURITIES, INC.
NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2022

# (1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

# Nature of Business

The Company is a registered broker-dealer incorporated under the laws of the State of California maintaining its main office in Rancho Mirage, California, with a branch office in San Diego, California. The Company is a member of FINRA and the SIPC. The Company is in the business of selling private placements and other services.

# Method of Accounting

The Company maintains its books and records on the accrual basis of accounting.

# Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires the use of management's estimates. Actual results could differ from those estimates and such differences could be material.

# Revenue Recognition

The Company earns Concessions fees and Due diligence fees from its private placements. Concessions fees and Due diligence fees are recognized according to the terms of the customer agreement, at the closing date of the private placement transaction, which includes the customer's full payment.

The Company earns ongoing minor Concessions fees and Due diligence fees throughout the private placement investment period. These are recognized in the period received, due to material uncertainties beforehand which represent a variable consideration constraint.

# Concessions Receivable

Concessions receivable are stated at face amount with no allowance for doubtful accounts. An allowance for doubtful accounts is not considered necessary, because probable uncollectible accounts are immaterial.

-10-

# FINANCIAL GOAL SECURITIES, INC.
NOTES TO FINANCIAL STATEMENTS, CONTINUED

DECEMBER 31, 2022

# (2) PROVISION FOR INCOME TAXES

The provision for income taxes consists of the following:

|  | Federal | California | Total |
| --- | --- | --- | --- |
| Current | $1,830 | $1,370 | $3,200 |
| Deferred | - | - | - |
| Total | $1,830 | $1,370 | $3,200 |

Deferred taxes are accounted for according to current standards which use an asset and liability approach in recognizing timing differences. This approach requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of such timing differences. Timing differences include the use of the cash basis for tax purposes and accrual basis for accounting purposes and the recognition of net operating loss carry-forwards. There were no material deferred tax items as of December 31, 2022. The Company's Federal and California tax returns are subject to examination for three and four years, respectively, subsequent to their being filed.

# (3) RELATED PARTY TRANSACTIONS

The Company had entered into a one-year expense-sharing agreement with a related corporation, whereby the Company secures necessary office space, support staff, equipment, telephone and utilities from the affiliated corporation which are included in a monthly payment of $4,659 through June 30, 2023. A new agreement may be renewed annually. At December 31, 2022 nothing was due. This agreement is not subject to ASC 842 under the short-term exemption. As a result, the adoption of ASC 842 had no effect on the Company's financial statements for the year ended December 31, 2022.

The Company also pays commissions to two independent contractors, for services performed, one of whom is a parent of the shareholder of the Corporation. The agreement remains in effect until July 31, 2023, and may be renewed annually thereafter.

Advances to stockholder totaled $118,527 at December 31, 2022; and the weighted average balance was $100,609 for the year then ended based upon the month-end balances. The Company charged an interest rate of 2.5% on these advances and received interest income of $2,502 on these advances for the year ended December 31, 2022. Repayment terms are not documented in writing.

-11-

# FINANCIAL GOAL SECURITIES, INC.
NOTES TO FINANCIAL STATEMENTS, CONTINUED

DECEMBER 31, 2022

# (4) GUARANTEES

FASB ASC 460, Guarantees, requires the Company to disclose information about its obligations under certain guarantee arrangements. FASB ASC 460 defines guarantees as contracts and indemnification agreements that contingently require a guarantor to make payments to the guaranteed party based on changes in an underlying factor (such as an interest or foreign exchange rate, security or commodity price, an index or the occurrence or nonoccurrence of a specified event) related to an asset, liability or equity security of a guaranteed party. This guidance also defines guarantees as contracts that contingently require the guarantor to make payments to the guaranteed party based on another entity's failure to perform under an agreement as well as indirect guarantees of indebtedness of others. The Company has issued no guarantees at December 31, 2022 or during the year then ended.

# (5) SUBSEQUENT EVENTS

The Company has evaluated events and transactions subsequent to the statement of financial condition date for items requiring recording or disclosure in the financial statements. The evaluation was performed through the date the financial statements were available to be issued. Based upon this review, the Company has determined that there were no events or transactions which took place that would have a material impact on its financial statements.

# (6) RECENTLY ISSUED ACCOUNTING STANDARDS

The Financial Accounting Standards Board (the "FASB") has established the Accounting Standards Codification ("Codification" or "ASC") as the authoritative source of generally accepted accounting principles ("GAAP") recognized by the FASB. The principles embodied in the Codification are to be applied by nongovernmental entities in the preparation of financial statements in accordance with GAAP in the United States. New accounting pronouncements are incorporated into the ASC through the issuance of Accounting Standards Updates ("ASUs").

For the year ending December 31, 2022, various ASUs issued by the FASB were either newly issued or had effective implementation dates that would require their provisions to be reflected in the financial statements for the year then ended. The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Company's financial statements. Management has determined that the pronouncement has either limited or no application to the Company and, in all cases, implementation would not have a material impact on the financial statements taken as a whole.

-12-

# FINANCIAL GOAL SECURITIES, INC.
NOTES TO FINANCIAL STATEMENTS, CONTINUED

DECEMBER 31, 2022

# (7) NET CAPITAL

The Company is subject to a $5,000 minimum capital requirement pursuant to SEC Rule 15c3-1, which requires that the ratio of aggregate indebtedness to net capital shall not exceed 15 to 1. Net capital and the related net capital ratio fluctuate on a daily basis; however, as of December 31, 2022, the net capital was $22,124 which exceeded the required minimum capital of $5,000 by $17,124. The aggregate indebtedness to net capital ratio was 0.36 to 1.

-13-

# FINANCIAL GOAL SECURITIES, INC.
Schedule I - Computation of Net Capital Requirements
Pursuant to SEC Rule 15c3-1

DECEMBER 31, 2022

Computation of net capital

| Common stock | $10,000 |
| --- | --- |
| Additional paid-in capital | 22,833 |
| Retained earnings | 123,398 |

Total stockholder's equity $156,231

| Less: Non-allowable assets |  |
| --- | --- |
| Prepaid expenses | ( 568) |
| Advances to stockholder | ( 118,527) |
| Deposits | ( 2,117) |
| Receivables, non-allowable portion | (12,895) |

Total non-allowable assets ( 134,107)

Net Capital 22,124

Computation of net capital requirements

| Minimum net capital requirement |  |
| --- | --- |
| 6 2/3 percent of net aggregate indebtedness | $536 |
| Minimum dollar net capital required | $5,000 |
| Net capital required (greater of above) | (5,000) |
| Excess net capital | $17,124 |
| Aggregate indebtedness | $8,041 |

Ratio of aggregate indebtedness to net capital 0.36 : 1

There was no material difference between net capital computation shown here and the net capital computation shown on the Company's most recently filed Form X-17A-5 Part IIA report dated December 31, 2022.

See Report of independent
registered public accounting firm

-14-

# FINANCIAL GOAL SECURITIES, INC.

## Schedule II - Computation for Determination of the Reserve Requirements and Information Relating to Possession or Control Requirements for Brokers and Dealers Pursuant to SEC

Rule 15c3-3

As of December 31, 2022

The Computation for Determination of the Reserve Requirements and Information Relating to Possession or Control Requirements for Brokers and Dealers is not applicable to the Company, as the Company is not subject to the provision of SEC Rule 15c3-3 as the Company does not and will not hold customer funds or securities, and that its business activities are, and will remain as private placements and due diligence fees. Accordingly, there are no items to report under the requirements of this Rule.

See Report of independent registered public accounting firm

-15-

DCPA

1999 AVE OF THE STARS #1100

CENTURY CITY, CA 90067

818-414-5204

SHAWN@DCPAPRO.COM

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To Those Charged with Governance and the Stockholder of Financial Goal Securities, Inc.:

We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) Financial Goal Securities, Inc. does not claim an exemption under paragraph (k) of 17 C.F.R. § 240. 15c3-3, and (2) Financial Goal Securities, Inc.'s other business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 ("Non-Covered Firm") did not subject it to the customer protection rules and that the Company did not identify any exceptions to this assertion throughout the year ended December 31, 2022. Financial Goal Securities, Inc.'s 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 Financial Goal Securities, Inc.'s 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 management's 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 management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in the Non-Covered Firm provision.

DCPA

DCPA

Century City, California

January 11, 2023

# **Financial Goal Securities, Inc. Report on  
Exemption Provisions Pursuant to 17 C.F.R.  
§ 15c3-3(k)  
For the Year Ended December 31, 2022**

-17-

Financial Goal Securities, Inc.

Bryan S. Kocen

President

Registered Principal

# Financial Goal Securities, Inc.

# Exemption Report

# For the Year Ended December 31, 2022

Financial Goal Securities, Inc. ("the Company"), is a registered broker-dealer subject to Rule 17a -5 promulgated by the Securities and Exchange Commission (17 C.F.R. Section 240.17a -5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. Section 240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following:

1) The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240.15c3-3, and
2) The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to (1) private placements; and (2) due diligence fees. The Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception.

Financial Goal Securities, Inc.

I, Byran S. Kocen, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct.

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

SIPC

Enhancing the diversification of your investment portfolio

35-900 Bob Hope Drive, Suite 202, Rancho Mirage, CA 92270

Phone (760) 324-4015 • Fax (760) 324-4301 • bryan@kfginc.com

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

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0000808472

**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:** FINANCIAL GOAL SECURITIES, INC.

**Business Address:** 35-900 BOB HOPE DRIVE, SUITE 202, RANCHO MIRAGE, CA, 92270

**Contact Person:** Bryan S. Kocen

**Contact Phone:** 760-324-4015

### Independent Public Accountant Identification

**Accountant Name:** DCPA

**Accountant Address:** 1999 Avenue of the Stars #1100, Century City, CA, 90067

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Bryan S. Kocen**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **FINANCIAL GOAL SECURITIES, INC.**, as of **12-31-2022**, are true and correct.

**Signature:** Bryan S. Kocen

**Title:** President

**Notarized:** Yes