# EDGAR Filing Document

**Accession Number:** 0001034263
**File Stem:** 0001034263-23-000001
**Filing Date:** 2023-2
**Character Count:** 23031
**Document Hash:** 477b2be7f7630116b62140f743a85a9c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001034263-23-000001.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001034263-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**EFFECTIVENESS DATE**: 20230227

**PERIOD START**: 20220101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ROGAN & ASSOCIATES, INC.
- **CENTRAL INDEX KEY:** 0001034263
- **IRS NUMBER:** 650718838
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1200

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-49995
- **FILM NUMBER:** 23670609

**BUSINESS ADDRESS:**
- **STREET 1:** 200 9TH AVENUE. NORTH
- **STREET 2:** SUITE 100
- **CITY:** SAFETY HARBOR
- **STATE:** FL
- **ZIP:** 34695-3500
- **BUSINESS PHONE:** 727-712-3400

**MAIL ADDRESS:**
- **STREET 1:** 200 9TH AVENUE. NORTH
- **STREET 2:** SUITE 100
- **CITY:** SAFETY HARBOR
- **STATE:** FL
- **ZIP:** 34695-3500

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROGAN, ROSENBERG, & ASSOCIATES, INC.
- **DATE OF NAME CHANGE:** 20030708

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROGAN & ASSOCIATES, INC.
- **DATE OF NAME CHANGE:** 20030630

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROGAN, ROSENBERG, & ASSOCIATES, INC.
- **DATE OF NAME CHANGE:** 20020212

### Attached PDF Documents

**Attachment 1:** `rogan.pdf`

# 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

8-49995

# 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: Rogan & Associates, 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.)

200 9th Avenue North, Suite 100

| (No. and Street) |  |  |
| --- | --- | --- |
| Safety Harbor | FL | 34695 |
| (City) | (State) | (Zip Code) |

PERSON TO CONTACT WITH REGARD TO THIS FILING

| Ana R. Carter | 813-442-1645 | ana@roganfinancial.com |
| --- | --- | --- |
| (Name) | (Area Code - Telephone Number) | (Email Address) |

# B. ACCOUNTANT IDENTIFICATION

INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*

Assurance Dimensions

| (Name - if individual, state last, first, and middle name) |  |  |  |
| --- | --- | --- | --- |
| 2000 Banks Road, Suite 218 | Margate | FL | 33063 |
| (Address) | (City) | (State) | (Zip Code) |
| 04/13/2010 |  | 5036 |  |

(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, Michael Rogan, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Rogan & Associates, 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)

Signature:

Title:

President

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.

ROGAN & ASSOCIATES, INC.

# FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
PURSUANT TO RULE 17A-5 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

DECEMBER 31, 2022

The financial statements and schedules are deemed confidential pursuant to subparagraph (e)(3) of Rule 17a-5 of the Securities Exchange Commission.

ROGAN & ASSOCIATES, INC.

# FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION
YEAR ENDED DECEMBER 31, 2022

# CONTENTS

| Report of Independent Registered Public Accounting Firm | 1 |
| --- | --- |
| FINANCIAL STATEMENTS: |  |
| Statement of financial condition | 2 |
| Statement of operations | 3 |
| Statement of changes in stockholder's equity | 4 |
| Statement of cash flows | 5 |
| Notes to financial statements | 6-11 |
| SUPPLEMENTAL INFORMATION TO FINANCIAL STATEMENTS: |  |
| Schedule I - Computation and reconciliation of net capital pursuant to Rule 15c3-1 of the Securities and Exchange Commission and computation of Aggregate Indebtedness | 12 |
| Schedule II - Computation of determination of reserve requirement and information relating to Possession or control requirements pursuant to SEC Rule 15c3-3 | 13 |
| Report of Independent Registered Public Accounting Firm regarding Rule 15c3-3 exemption report | 14 |
| Exemption report | 15 |

![img-1.jpeg](img-1.jpeg)

ASSURANCE DIMENSIONS

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders'

of Rogan & Associates, Inc.

# Opinion on the Financial Statements

We have audited the accompanying statement of financial condition of Rogan & Associates, Inc. as of December 31, 2022, the related statements of operations and changes in member'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 Rogan & Associates, Inc. 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 Rogan & Associates, Inc.'s management. Our responsibility is to express an opinion on Rogan & Associates, Inc.'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 Rogan & Associates, Inc. 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 Schedule I, Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities and Exchange Commission, Schedules II and III, Computation for Determination of Reserve Requirements for Brokers and Dealers Pursuant to Rule 15c3-3 of the Securities Exchange Act of 1934 and Information Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities Exchange Act of 1934 has been subjected to audit procedures performed in conjunction with the audit of Rogan & Associates, Inc.'s financial statements. The supplemental information is the responsibility of Rogan & Associates, Inc.'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, the 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 Schedule I, Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities and Exchange Commission, Schedules II and III, Computation for Determination of Reserve Requirements for Brokers and Dealers Pursuant to Rule 15c3-3 of the Securities Exchange Act of 1934 and Information Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities Exchange Act of 1934 are fairly stated, in all material respects, in relation to the financial statements as a whole.

Assurance Dimensions

We have served as Rogan & Associates, Inc.'s auditor since 2019.

Assurance Dimensions

Margate, Florida

February 24, 2023

ASSURANCE DIMENSIONS CERTIFIED PUBLIC ACCOUNTANTS & ASSOCIATES

TAMPA BAY: 4920 W Cypress Street, Suite 102 | Tampa, FL 33607 | Office: 813.443.5048 | Fax: 813.443.5053

JACKSONVILLE: 4720 Salisbury Road, Suite 223 | Jacksonville, FL 32256 | Office: 888.410.2323 | Fax: 813.443.5053

ORLANDO: 1800 Pembroke Drive, Suite 300 | Orlando, FL 32810 | Office: 888.410.2323 | Fax: 813.443.5053

SOUTH FLORIDA: 2000 Banks Road, Suite 218 | Margate, FL 33063 | Office: 754.800.3400 | Fax: 813.443.5053

www.assurancedimensions.com

# ROGAN & ASSOCIATES, INC.

# STATEMENT OF FINANCIAL CONDITION  
DECEMBER 31, 2022

# ASSETS

| Cash | $ | 153,199 |
| --- | --- | --- |
| Receivable from broker-dealers, mutual funds and insurance companies |  | 168,386 |
| Note receivable from stockholder |  | 467,437 |
| Deferred tax asset |  | 843 |
| Investments in marketable securities |  | 114,891 |
| Property and Equipment, net of depreciation |  | 350,460 |
| Right of use asset |  | 719,682 |
| Prepaid expenses and deposits |  | 106,524 |
|  | $ | 2,081,422 |

# LIABILITIES AND STOCKHOLDER'S EQUITY

# LIABILITIES

| Accounts payable and accrued expenses | $ | 9,476 |
| --- | --- | --- |
| Commissions payable |  | 188,809 |
| Lease liability |  | 719,682 |
| Total liabilities |  | 917,967 |

# STOCKHOLDER'S EQUITY

| Common stock, $1 par value (300 authorized, issued and outstanding) | $ | 150 |
| --- | --- | --- |
| Additional paid-in-capital |  | 30,985 |
| Retained earnings |  | 1,156,446 |
| Less Treasury Stock, at cost |  | (24,126) |
| Total stockholder's equity |  | 1,163,455 |
|  | $ | 2,081,422 |

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

These financial statements and schedules are deemed confidential pursuant to subparagraph (e)(3) of Rule 17a-5 of the Securities Exchange Commission

2

# ROGAN & ASSOCIATES, INC.

---

STATEMENT OF OPERATIONS
YEAR ENDED DECEMBER 31, 2022

REVENUES:

| Commission and fees | $ | 4,649,051 |
| --- | --- | --- |
| Other revenue |  | 314 |
| Interest income |  | 5,316 |
| Total revenues |  | 4,654,681 |

EXPENSES:

| Employee compensation and benefits | 3,564,304 |
| --- | --- |
| Occupancy and equipment | 210,601 |
| Other operating expenses | 200,230 |
| Travel and entertainment | 214,883 |
| Professional fees | 133,796 |
| Office expense | 75,653 |
| Depreciation expense | 27,063 |
| Clearing firm charges | 259,918 |
| Regulatory fees and expenses | 39,329 |
| Total expenses | 4,725,777 |

LOSS BEFORE INCOME TAXES

$(71,096)

Income tax benefit

67,407

NET LOSS

$(3,689)

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

These financial statements and schedules are deemed confidential pursuant to subparagraph (e)(3) of
Rule 17a-5 of the Securities Exchange Commission

3

# ROGAN & ASSOCIATES, INC.

# STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY

Year Ended December 31, 2022

|  | Common Stock | Paid-in Capital | Treasury Stock | Retained Earnings | Total |
| --- | --- | --- | --- | --- | --- |
| Balances, January 1, 2022 | $150 | $30,985 | $(24,126) | $1,229,610 | $1,236,619 |
| Net loss | - | - | - | (3,689) | (3,689) |
| Stockholder's Distributions | - | - | - | (69,475) | (69,475) |
| Balances, December 31, 2022 | $150 | $30,985 | $(24,126) | $1,156,446 | $1,163,455 |

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

These financial statements and schedules are deemed confidential pursuant to subparagraph (e)(3) of Rule 17a-5 of the Securities Exchange Commission

4

# ROGAN & ASSOCIATES, INC.

# ---STATEMENT OF CASH FLOWS  
YEAR ENDED DECEMBER 31, 2022

# CASH FLOWS FROM OPERATING ACTIVITIES:

| Net Loss | $ | (3,689) |
| --- | --- | --- |
| Adjustments to net loss |  |  |
| Depreciation |  | 27,063 |
| Unrealized losses on investments |  | 28,113 |
| Interest on N/R - stockholder |  | (5,316) |
| (Increase) decrease |  |  |
| AR |  | 82,960 |
| Prepaid Expenses |  | 15,830 |
| AP and Accrued Liabilities |  | (424) |
| Commissions payable |  | 2,745 |
| Change in lease liability |  | - |
| Deferred tax asset |  | (843) |
| Deferred tax liability |  | (67,517) |
| Cash provided by Operating Activities |  | 78,922 |

# CASH FLOWS FROM INVESTING ACTIVITIES:

| Note receivable from stockholder |  | 20,000 |
| --- | --- | --- |
| Purchase of property and equipment |  | (1,111) |
| Cash Flows provided by Investing Activities |  | 18,889 |
| Increase in Cash |  | 97,811 |
| Cash, Beginning of year |  | 55,388 |
| Cash, End of year | $ | 153,199 |

# Non Cash

| Note receivable amortization through equity, including interest | $ | 69,475 |
| --- | --- | --- |
| Interest paid |  | - |
| Taxes paid |  | 100 |

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

These financial statements and schedules are deemed confidential pursuant to subparagraph (e)(3) of Rule 17a-5 of the Securities Exchange Commission

5

ROGAN & ASSOCIATES, INC.

---

NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2022

**NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

Organization and Description of Business: Rogan & Associates, Inc. (the “Company” or “R&A”) is a securities broker-dealer organized under the laws of the state of Florida in January 1997. The Company’s primary business is providing investment advice and brokerage of publicly traded securities and insurance products. The Company’s customers are located throughout the United States, but primarily in Florida.

R&A is registered with the U.S. Securities and Exchange Commission (“SEC”) as a broker-dealer and an investment adviser. Much of the regulation of broker-dealers has been delegated to self-regulatory organizations, which in the Company’s case includes the Financial Industry Regulatory Authority (“FINRA”) and the Municipal Securities Rulemaking Board (“MSRB”) as well as the securities commissions of appropriate states. R&A is also a member of Securities Investor Protection Corporation (“SIPC”).

Basis of Presentation: The accompanying statement of financial condition has been prepared in conformity with accounting principles generally accepted in the United States, which require management to make certain estimates and assumptions that affect the reported amounts in the accompanying financial statements. Those estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could vary from the estimates that were assumed in preparing the financial statement.

Cash and Cash Equivalents: The Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. At December 31, 2022, there were no cash equivalents.

The Company maintains its cash in bank deposit accounts at high quality financial institutions. The balances, at times, may exceed the Federal Deposit Insurance Corporation’s (the “FDIC”) current $250,000 limit. At December 31, 2022 the Company did not exceed the federally insured limit.

Securities Owned: Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, defines fair value, establishes a framework for measuring fair value, and establishes a fair value hierarchy which prioritizes the inputs to valuation techniques. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market. Valuation techniques that are consistent with the market, income or cost approach, as specified by ASC 820, are used to measure fair value. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad areas:

Level 1 - Inputs to the valuation methodology are quoted prices available in active markets for identical investments as of the reporting date.

Level 2 - Inputs to the valuation methodology are:

- Quoted prices for similar assets or liabilities in active markets.
- Quoted prices for identical or similar assets or liabilities in inactive markets.
- Inputs other than quoted prices that are observable for the asset or liability.

Level 3 - Inputs to the valuation methodology are unobservable inputs in situations where there is little or no market activity for the asset or liability, and the reporting entity makes estimates and assumptions related to the pricing of the asset or liability, including assumptions regarding risk.

The Company owned mutual funds and equities at December 31, 2022, priced using Level 1 inputs and valued at $114,891.

6

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

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0001034263

**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:** ROGAN & ASSOCIATES, INC.

**Business Address:** 200 9TH AVENUE. NORTH, SUITE 100, SAFETY HARBOR, FL, 34695-3500

**Contact Person:** Ana R Carter

**Contact Phone:** 813-442-1645

### Independent Public Accountant Identification

**Accountant Name:** Assurance Dimensions

**Accountant Address:** 2000 Banks Road, Suite 218, Margate, FL, 33063

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Michael Rogan**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **ROGAN & ASSOCIATES, INC.**, as of **12-31-2022**, are true and correct.

**Signature:** Michael Rogan

**Title:** President

**Notarized:** Yes