Full text of FOLGER NOLAN FLEMING DOUGLAS INCORPORATED's X-17A-5 filed 2026-03-16 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ #### **CONSOLIDATED STATEMENT OF FINANCIAL CONDITION AND INDEPENDENT AUDITORS' REPORT** **December 31, 2025** {1}------------------------------------------------ #### **TABLE OF CONTENTS** | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1 | |---------------------------------------------------------|------| | FINANCIAL STATEMENTS | | | Consolidated Statement of Financial Condition | 2 | | Notes to Consolidated Financial Statements | 3-11 | {2}------------------------------------------------  #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors of Folger Nolan Fleming Douglas Incorporated and Subsidiaries: #### Opinion on the Financial Statement We have audited the accompanying consolidated statement of financial condition of Folger Nolan Fleming Douglas Incorporated and Subsidiaries (a Delaware Corporation) (the Corporation) as of December 31, 2025, and the related notes (collectively referred to as the consolidated financial statement). In our opinion, the consolidated financial statement presents fairly, in all material respects, the financial position of Folger Nolan Fleming Douglas Incorporated and Subsidiaries as of December 31, 2025, in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion This consolidated financial statement is the responsibility of the Corporation's management. Our responsibility is to express an opinion on the Corporation's consolidated 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 Corporation 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 consolidated 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 consolidated 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 regar…Read the full text as markdown