Full text of SECURITY DISTRIBUTORS, LLC's X-17A-5 filed 2026-03-30 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ #### STATEMENT OF FINANCIAL CONDITION Security Distributors, LLC (an Indirect Wholly Owned Subsidiary of SBL Holdings, Inc.) Year Ended December 31, 2025 SEC File Number 8-10781 With Report of Independent Registered Public Accounting Firm Financial Statements and Supplemental Information bound separately has been filed with the Securities and Exchange Commission simultaneously herewith as a public document. The report is deemed CONFIDENTIAL in accordance with Rule 17a-5(e)-(3). {1}------------------------------------------------ # Statement of Financial Condition ## Year Ended December 31, 2025 # Contents | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|--| | Statement of Financial Condition | | | Notes to Statement of Financial Condition | | {2}------------------------------------------------  =jfklQgmf\_DDH ;gjja\_YfKlYlagf )0\*0OYdfmlKlj]]l Kmal].(( CYfkYk;alq\$EG.,)(0 L]d2#)0).,/,-\*(( ]q&[ge # Report of Independent Registered Public Accounting Firm To the Member and Board of Directors of Security Distributors, LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Security Distributors, LLC (the Company) as of December 31, 2025 and the related notes (the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company at December 31, 2025, in conformity with U.S. generally accepted accounting principles. #### **Basis for Opinion** This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's 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 misst…Read the full text as markdown