Full text of SOMERSET SECURITIES, INC.'s X-17A-5 filed 2021-02-12 (period 2020-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ ## SOMERSET SECURITIES, INC. STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2020 ## A S S E T S | Cash | \$ 20,649 | |---------------------------------------------------------------------------------------------------------|--------------------------| | Commissions receivable | 269,512 | | Due from related party | 4,352 | | Prepaid expenses | 17,227 | | TOTAL ASSETS | \$ 311,740 | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | Liabilities:<br>Commissions payable and accrued expenses<br>TOTAL LIABILITIES | \lt;br>144,128<br>144,128 | | Stockholder's Equity<br>Common stock, \$1 par value, authorized, issued and<br>outstanding 1,000 shares | 1,000 | | Additional paid-in capital | 156,301 | | Retained earnings | 10,311 | | TOTAL STOCKHOLDER'S EQUITY | 167,612 | | TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY | \$ 311,740 |Read the full text as markdown