# GIT INVESTMENT SERVICES, INC. X-17A-5 (2023-08-17) — Broker-dealer annual report - Company: GIT INVESTMENT SERVICES, INC. - Form: X-17A-5 - Filed: 2023-08-17 - Period: 2023-06-30 - Accession: 0000702157-23-000002 - CIK: 702157 - File #: 8-27394 - Type: Broker-dealer - Material weakness: No - Auditor: Rubio CPA, PC - Auditor location: Atlanta, GA - Contact: Meg Goodman - Phone: 301-951-8231 - Email: meg@presidentail.com - Website: presidentail.com - Signed by: Margaret Goodman (Treasurer, FinOp) Original filing: https://www.sec.gov/Archives/edgar/data/702157/000070215723000002/sec1.pdf --- {0}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** > **ANNUAL REPORTS FORM X-17A-5** 0MB APPROVAL OMS Number: 3235-0123 Expires: Oct. 31, 2023 Estimated average burden hours per response: 12 > SEC FILE NUMBER 8-27394 # **PART** Ill | Information Required Pursuant to Rules 17a-S, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | FACING PAGE | | | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------|------------------------------------------------------------|-----------------------|----------------------------------------------| | FILING FOR THE PERIOD BEGINNING 07/01/2022 | | | AND ENDING 06/30/2023 | | | | | MM/DD/VY | | MM/DD/VY | | | | A. REGISTRANT IDENTIFICATION | | | | NAME oF FIRM: GIT Investment Services, Inc. | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
[!] Broker-dealer
D Check here if respondent is also an OTC derivatives dealer
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | D Security-based swap dealer | 0 M | ajor securit | y-based swap participant | | 15-B Catoctin Circle SE, #203 | | | | | | | | (No. and Street) | | | | Leesburg | | VA | | 20175 | | (City) | | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Meg Goodman | 301 | -951-8231 | | meg@presidentail.com | | (Name) | | (Area Code - Telephone Number) | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are cont ained in t his filing*
Rubio CPA, PC | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | 3500 Lenox Road NE, #1500 | | Atlanta | GA | 30326 | | (Address) | | (City) | (State)
3514 | (Z1ip Code) | | T"
of Registratloo with PCAOB)lif applkabl•I | | FOR OFFICIAL USE ONLY | | (PCAOB Regist,atioo N,mbec, if applicable) I | | • 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-S(e)(l)(ii), if applicable. Persons w ho are to respond to the collection of information contained in this form are not required t o respond unless t he form displays a1 currently valid 0MB control number. {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | Margaret Goodman | | |------------------|--| |------------------|--| I, Margaret Goodman swear {or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of GIT Investment Services, Inc. as of 6/30 , 2~ 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 DENISE G. WILLSEY Notary Public-Maryland Montgomery County My Commiss ion Expires September 12, 2025 .. --------;,,;;,;.,;...;;....,; ...... \_ \_\_. ~eft~ *!l. Mb\_/* ⁷ Notary Public *~O* #### **This filing\*\* contains (check all applicable boxes):** - ii (a) Statement of financial condition. - D (b) Notes to consolidated statement of financial condition. - ii (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). - ii (d) Statement of cash flows. - ii (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors. - ii (g) Notes to consolidated financial statements. - ii (h) Computation of net capital under 17 CFR 240.1Sc3-1 or 17 CFR 240.18a-1, as applicable. - D (i) Computation of tangible net worth under 17 CFR 240.18a-2. - D (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.1Sc3-3. - D (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15<:3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.1Sc3-3. - D (m) Information relating to possession or control requirements for customers under 17 CFR 240.1Sc3-3. - D (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.1Sc3-3{p)(2) or 17 CFR 240.18a-4, as applicable. - D (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 Linder 17 CFR 240.1Sc3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - ii (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. - D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (s) Exemption report in accordance with 17 CFR 240.17a-S or 17 CFR 240.18a-7, as applicable. - D (t) Independent public accountant' s report based on an examination of the statement of financial condition. - D (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-S, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - D (v) Independent public accountant' s report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-S or 17 CFR 240.18a-7, as applicable. - D (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 2.40.17a-S or 17 CFR 240.18a-7, as applicable. - 0 (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.1Sc3-1e or 17 CFR 240.17a-12, as applicable. - 0 (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). 0 (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.* Signature: \'Vt C\,') ~Ct AA ±, Title: Treasurer, FinOp {2}------------------------------------------------ # FINANCIAL STATEMENTS # FOR THE YEAR ENDED # JUNE 30, 2023 # WITH # REPORT OF INDEPENDENT REGISTERED # PUBLIC ACCOUNTING FIRM {3}------------------------------------------------ # **Financial Statements** # **Table of Contents** Report of Independent Registered Public Accounting Firm Statement of Financial Condition Statement of Operations Statement of Changes in Stockholder's Equity Statement of Cash Flows Notes to Financial Statements Schedule I - Computation of Net Capital Pursuant to SEA Rule 1Sc3-1 Schedule II - Computation for Determination of Reserve Requirements and Information Relating to Possession or Control Requirements under SEA Rule 1Sc3-3 Report of Independent Registered Public Accounting Firm on the Company's Exemption Report Annual Exemption Report {4}------------------------------------------------ **RUBIO CPA, PC** CERTIFIED PUBLIC ACCOUINTANTS 3500 Lenox Road NE Suite 1500 Atlanta, GA 30326 770 690-8995 ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Stockholder of GIT Investment Services, Inc. #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of GIT Investment Services, Inc. (the "Company") as of June JO. 2023, the related statements of operations, changes in stockholder's equity, and cash flows for the year then e nded and the related notes (collectively referred to as the " financial statements"). In 0lllr opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2023, 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 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 w ith 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. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit. we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement to 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 I! 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 proced ures included determining whether the information in Schedules I and II reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy oft he information presented in the accompanying schedules. In forming our opinion on the accompanying schedules, we evaluated whether the supplemental information, including its form and content, is presented {5}------------------------------------------------ in conformity with 17 C.F.R. §240.1 7a-S. In our opinion, the aforementioned supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the Company's auditor since 2020. August 17, 2023 Atlanta, Georgia 1LJ,:.,~~ Rubio CPA, PC {6}------------------------------------------------ ## **STATEMENT OF FINANCIAL CONDITION** # **AS OF JUNE 30, 2023** #### **ASSETS** | Cash and cash equivalents | \$134,527 | |------------------------------------------------------------------------|-------------| | Accounts Receivable | 4,348 | | Interest Receivable | 446 | | Prepaid expenses and other | 1,242 | | Total assets | 140.563 | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | Due to Stockholder | 2,193 | | Accounts Payable | 6,400 | | Total Liabilities | 8,593 | | Stockholder's Equity | | | Common stock, \$1 par value, shares authorized 5,000, | | | 4,388 shares issued and outstanding, net of 672 treasury shares at par | 3,716 | | Additional paid-in capital | 852,841 | | Accumulated Deficit | (724,587) | | Total stockholder's equity | 131,970 | | Total Liabilities and Stockholder's Equity | 3._1;10.563 | {7}------------------------------------------------ #### **STATEMENT OF OPERATIONS** #### **FOR THE YEAR ENDED JUNE 30, 2023** #### **Revenues** | Insured Money Market Account Fees | \$40,021 | |-----------------------------------|----------| | Interest | 3,716 | | Total Revenues | 43,737 | | Exp ens.es | | | Compensation | 6,067 | | Technology and Comm unications | 7,615 | | Occupancy | 3,279 | | Other | 19,536 | | Total Expenses | 36,497 | | Net Income | | {8}------------------------------------------------ # **STATEMENT OF CASH FLOWS** # **FOR THE YEAR ENDED JUNE 30, 2023** | Cash flows from operating activities: | | | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------|-------------| | Net Income | | \$7,240 | | Adjustments to reconcile net income
To net cash provided by operating activities
Change in accounts receivable
Change in interest receivable
Change in prepaid expenses and other assets
Change in accounts payable
Change in due to stockholder | (\$3,431)
(446)
459
400
870 | | | Total Adjustments | | (2,148) | | Net Cash provided by operating activities | | \$
5,092 | | Cash flows from financing activities:
Capital contributions | | 12,309 | | Net Cash provided by financing activities | | \$ 12,309 | | Net increase in cash and cash equivalents | | 17,401 | | Cash and cash equivalents at the beginning of the year | | 117,126 | | Cash and cash equivalents at the end of the year | | \$134,527 | | Supplemental Information:
Non-Cash Financing Activity | | | | Contribution of expenses paid by Stockholder | | 6,309 | {9}------------------------------------------------ ## **STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY** ## **FOR THE VEAR ENDED JUNE 30, 2023** | | | Additional | | | |-----------------------|---------|------------|--------------|-------------| | | Common | Paid In | Accumulated | | | | Stock | Ca.Q.ital | Deficit | Total | | | | | | | | Balance June 30, 2022 | \$3,716 | \$840,532 | \$ (731,827) | \$112,421 | | Capital contributions | | 12,309 | | 12,309 | | Net Income | | | 7,240 | 7,240 | | Balance June 30) 2023 | \$3,716 | \$ 852.841 | \$ (724,587) | \$ 131,97-0 | {10}------------------------------------------------ ## **NOTES TO FINANCIAL STATEMENTS** #### **JUNE 30, 2023** # **NOTE I-ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** #### **Organization and Nature of Business** GIT Investment Services, Inc. (the Company) was incorporated in Virginia in 1982. The Company is a registered broker/dealer under the Securities and Exchange Act of 1934. In May 2003, the Company began operating under the name Clarendon Securities. The Company is located in Leesburg, Virginia. and is a wholly owned subsidiary of Bankers Finance Capital Corp. (BFCC). #### **Cash and Cash Equivalents** The Company considers all highly liquid investments, including money market funds with original maturities of 90 days or less, to be cash equivalents. At June 30, 2023, approximately 89 .5% of the balance of cash and cash equivalents represents amounts invested in a money market deposit account placed among various FDIC insured banks by IntraFi Network of Arlington, VA, an unaffiliated company. The account is held through the trust department of Presidential Bank, a sister company. ## **Use of Estimates** The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could ditl"er from those estimates. #### **Revenue Recognition** *Revenue from Contracts with Customers* (ASC 606) core principle states that an entity must recognize revenue in a manner that depicts the transfer of the promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Included among the requirements of ASC 606 is that the entity must appropriately allocate revenues to the corresponding goods or services and recognize such revenues at the time when the entity has performed under its respective obligations. The recognition and measurement of revenue is based on the assessment of the individual contract terms. Significant judgement is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. Revenue from contracts with customers includes fees from Insured Money Market Accounts (IMMAs) whereby the Company receives a fee equal to the difference between the gross interest rate {11}------------------------------------------------ ## **NOTES TO FINANCIAL STATEMENTS** # **JUNE 30, 2023** # **NOTE 1- ORIGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)** # **Revenue Recognition (continued)** received from the banks with whom funds on deposit are placed and the net rate disclosed to the IMMA customer. The Company believes the performance obligation for recognizing fees from the Insured Money Market Account arrangement is satisfied over time, because the customer is receiving and consuming the benefits as they are provided by the Company. Fees are received periodically and are recognized as revenue in the period in which performance obligations are satisfied. # **Expenses Assumed by Stockholder** From time to time, certain expenses of the Company may be paid by its sole Stockholder, BFCC, where BFCC waives any liability of the Company to reimburse it for the expenses. In such cases, the expenses are nevertheless reflected on the books of the Company to the same extent as if they had been paid by the Company, and a corresponding increase is recorded in additional paid-in capital to reflect the payment of the expenses by BFCC on behalf of and for the benefit of the Company. # **Management's Review for Subsequent Events** Management has evaluated subsequent events through the date as of which the financial statements were issued. ## **Accounts Receivable** Accounts receivable are non-interest-bearing uncollateralized obligations receivable in accordance with the terms agreed! upon with each customer. The Company regularly reviews its accounts receivable for any uncollectible amounts. The review for uncollectible amounts is based on an analysis of the Company's collection experience, customer creditworthiness, and current economic trends. Based on management's review of accounts receivable, no aUowance for credit losses is considered necessary. # **NOTE 2- INCOME TAXES** The Company and its Stockholder have elected to be subject to the S corporation provisions of the Internal Revenue Code. Accordingly, all income or losses and applicable tax credits are reported on the individual income tax return ofBFCC's stockholder, and no income taxes are reflected in the accompanying financial statements. The Company follows the provisions for uncertainty in income taxes as addressed in F ASB Accounting Standards Codification 740-10-65-1. Thus, the Company is required to evaluate each of its tax positions. to determine if they are more likely than not to be sustained if the taxing authority examines the respective position. A tax position includes t.li.e determination of an entity's tax status, including its status as a passthrough entity, and the decision whether or not to file a tax return separate from its Stockholder's return. The Company has evaluated each of its tax positions and has determined that no provision or liability {12}------------------------------------------------ #### **NOTES TO FINANCIAL STATEMENTS** #### **JUNE 30, 2023** #### **Income Taxes (continued)** for income taxes is necessary. ## **NOTE 3- NET CAPITAL** As a broker/dealer, the Company is subject to the SEC's regulations and operating guidelines, which require the Company to maintain a specified amount of net capital as defined, and a ratio of aggregate indebtedness to net capital, not exceeding 15 to 1 (1500%). The Company's net capital as computed under Rule 15c3-l was \$123,503 at June 30, 2023, and exceeded the required minimum net capital of \$5,000 by \$118,503. The percentage of aggregate indebtedness to net capital at June 30, 2023, was 6.96%. # **NOTE 4- GUARANTEES** - **INDEMNIFICATIONS** In the normal course of its business, the Company may indemnify or guarantee certain service providers against specified potential losses in connection with their acting as an agent of, or providing services to, the Company or its affiliates. The maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated. However, the Company believes that it is unlikely it will have to make material payments under these arrangements, and it has not recorded any contingent liability in the financial statements for these indemnifications. # **NOTE 5- RELATED PARTY TRANSACTIONS** Under a Facilities and Personnel Sharing Agreement dated September 2, 2014 (the Sharing Agreement), the Company uses a portion of certain office space leased by Presidential Bank, which the Company shares with BFCC. For the year ended June 30, 2023, the total occupancy expense incurred by the Company under the Sharing Agreement was \$3,279. The Company has no direct employees of its own, but instead uses personnel employed by Presidential Bank. Under the Sharing Agreement, certain employees of Presidential Bank perform services for the Company as independent contractors. During the year ended June 30, 2023, the Company expensed compensation of\$6,067 for services rendered by such individuals. All of the IMMA fee revenue earned during the year ended June 30, 2023 was earned from customer deposits held through the trust department of Presidential Bank and placed among various FDIC insured banks. Amounts due to the Company under this arrangement were generally received in the month subsequent to which they were earned. Under a Services Agreement between BFCC and the Company, BFCC provides certain operational support services as well as appropriate supplies and equipment in connection with the Company's business as a registered broker/dealer. {13}------------------------------------------------ #### **NOTES TO FINANCIAL STATEMENTS** #### **JUNE 30, 2023** #### **NOTE 5- RELATED PARTY TRANSACTIONS (continued)** The amount paid to BFCC for services is determined based upon the direct and allocated overhead expenses incurred by BFCC on behalf of the Company, plus an administrative service fee applied to all direct and allocated expenses. For the year ended June 30, 2023, the Company incurred and recorded expenses paid on its behalf by BFCC of\$28,174, plus administrative service fees due to BFCC of\$859. Of such amounts, only \$21,864 of the expenses paid, plus administrative service fees of \$859, were or will be reimbursed to BFCC by the Company. Reimbursement of the remaining amount of expenses paid by BFCC on behalf of the Company of \$6,309 was waived and credited by BFCC to the Company, resulting in a corresponding increase of \$6,309 in the Company's additional paid-in capital. The Due to Stockholder amount at June 30, 2023, of\$2,193 arose from BFCC's payment of direct and allocated overhead expenses that have yet to be reimbursed by the Company. At June 30, 2023, the Company had \$14,087 on deposit with Presidential Bank, a federally insured depository institution. · Financial position and results of operations might differ from the amounts in the accompanying financial statements if these related party transactions did not exist. #### **NOTE 6- CONTINGENCIES** The Company could be subject to litigation in the normal course of business. The Company has no litigation in progress at June 30, 2023. #### **NOTE** 7- **LEASES** As mentioned in Note 5, the Company leases office space on a month-to-month basis under the Sharing Agreement. The Company has elected, for all underlying classes of assets, to not recognize ROU assets and lease liabilities for short term leases that have a lease term of 12 months or less at lease commencement, and do not include an option to purchase the underlying asset that the Company is reasonably certain to exercise. The Company recognizes lease costs associated with short tenn leases on a straight-line basis over the lease term. {14}------------------------------------------------ #### **SCHEDULE I** #### **GIT INVESTMENT SERVICES, INC.** ## **COMPUTATION OF NET CAPITAL PURSUANT TO RULE 15c3-1 OF THE SECURITIES AND EXCHANGE ACT OF 1934** #### **AS OF JUNE 30, 2023** | Total Stockholder's equity | \$131,970 | |----------------------------------------------------------------------------------------------------------------|------------------| | Total non-allowable assets | (6,059) | | Net capital before haircuts | \$125,911 | | Haircuts | (2,408) | | Net Capital | \$123,503 | | Aggregate indebtedness:
Total aggregate indebtedness
Percentage of aggregate indebtedness to net capital | \$8,593
6.96% | | Computation of basic net capital requirement:
Minimum net capital required (6-2/3% of A.I.) | \$573 | | Minimum dollar net capital requirement of reporting broker dealer | \$5,000 | | Net capital requirement | \$5,000 | | Excess net capital | \$118,503 | Note: Reconciliation with Company's computation of net capital included in Part IIA of Form X-17 A-5 as of June 30, 2023: There were no material differences between the net capital in the FOCUS Part IIA form and the computation above. {15}------------------------------------------------ # **SCHEDULE** II #### **GIT INVESTMENT SERVICES, INC.** # **COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS AND INFORMATION RELATING TO POSESSION OR CONTROL REQUIREMENTS UNDER SEA RULE 15c3-3** #### **AS OF JUNE 30, 2023** The Company does not claim exemption from SEA Rule 15c3-3 in reliance upon Footnote 74 of the 2013 Release. The Company does not hold customer funds or securities. {16}------------------------------------------------ RUBIO CPA, PC CERTIFIED PUBLIC ACCOUNTANTS 3500 Lenox Road NE Suite 1500 Atlanta , GA 30326 770 690-8995 #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Stockholder of GIT Investment Services, Inc. We have reviewed management's statements included in the accompanying Broker Dealers Annual Exemption Report in which (I) GIT Investment Services, Inc. did not claim an exemption from Rule I 5c3-J in reliance upon Footnote 74 of the 2013 Release, and (2) GIT Investment Services, Inc. stated that GIT Investment Services, Inc. met the identified conditions for such reliance throughout the most recent fiscal year without exception. GIT Investment Services, Inc.· s management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards ofthe Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about GIT Investment Services. lnc.'s compliance with the exemption provisions. **A** review is substantially less in scope than an examination. the o~iective 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 Footnote 74 of the 2013 Release. August 17, 2023 Atlanta, GA **1LJ,;,, U>A, P(.** Rubio CPA, PC {17}------------------------------------------------ # **GIT INVESTMENT SERVICES INC.'S EXEMPTION REPORT** We, as members of management of GIT Investment Services, Inc. (the "Company"), are responsible for complying with Rule 17a-5, "Reports to be made by certain brokers and dealers." We have performed an evaluation of the Company's compliance with the requirements of Rule 17a-5 and the exemption provisions in Rule 15c3-3(k) (the "exemption provisions") and of the 2013 Release adopting amendments to Rule 17a-5, including Footnote 74 of the 2013 Release. We have determined that the Company does not meet any of the exemption conditions of paragraph (k) of Rule 15c3-3 (i.e., paragraph (k)(l), (k)(2)(i) or (k)(2))ii) but also (1) does not directly or indirectly receive, hold, or otherwise owe funds or securities-for or to customers, other than money or other considerations received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Exchange Act Rule 15c2-4 ("Rule 15c2-4"); (2) does not carry accounts of or for customers; and (3) does not carry PAB accounts (as defined in Rule 15c3-3) and therefore is covered by Footnote 74 of the 2013 Release. Accordingly, based on our evaluation we make the following statements to the best knowledge and belief of the Company: - 1. We reviewed the provisions of Rule 15c3-3 and related guidelines stated in the SEC Staff's FAQ and confirmed that the Company relied on Footnote 74 of the 2013 Release. - 2. The Company conducted business activities involving the receipt of fees from Insured Money Market Accounts throughout the year ended June 30, 2023 without exception. - 3. The Company met the identified conditions for such reliance throughout the period July 1, 2022 to June 30, 2023 without exception. By mo.,,~ **(Must be sign by same perion affirming** Firm's **annual Financial Report!** Name: Margaret M. Goodman Title: Treasurer & Financial and Operations Principal Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.