# DELANEY, JOSEPH VINCENT X-17A-5 (2021-12-29) — Broker-dealer annual report - Company: DELANEY, JOSEPH VINCENT - Form: X-17A-5 - Filed: 2021-12-29 - Period: 2021-10-01 - Accession: 0000702238-21-000002 - CIK: 702238 - File #: 8-27564 - Type: Broker-dealer - Material weakness: Yes - Auditor: WWC Cpa'a - Auditor location: San Mateo, CA - Contact: Joseph V Delaney - Phone: 949-720-0063 - Signed by: Joseph V Delaney (Sole Proprietor) Original filing: https://www.sec.gov/Archives/edgar/data/702238/000070223821000002/JVDelaney2021Public.pdf --- {0}------------------------------------------------ # **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** **ANNUAL REPORTS FORM X-17A-5 PART III** | OMB APPROVAL | |---------------------------| | OMB Number: 3235-0123 | | Expires: Oct. 31, 2023 | | Estimated average burden | | hours per response:
12 | | | | SEC FILE NUMBER | | | | PART III | | | | | | |-----------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------|--------------------------------------------|--|--| | | 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 _____________________ AND ENDING ______________________
MM/DD/YY | | | | | | | | | MM/DD/YY | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | NAME OF FIRM: _______________________________________________________________________ | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
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Broker-dealer | ☐
Security-based swap dealer
☐ Check here if respondent is also an OTC derivatives dealer | | Major security-based swap participant | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | _____________________________________________________________________________________
(No. and Street) | | | | | | | | | | | | | (City) | (State) | _____________________________________________________________________________________
(Zip Code) | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | | | | | | | (Name) | (Area Code – Telephone Number) | _____________________________________________________________________________________
(Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
_____________________________________________________________________________________ | | | | | | | (Name – if individual, state last, first, and middle name) | | | | | | | _____________________________________________________________________________________ | | | | | | (Address) | (City) | | (State)
(Zip Code) | | | | | _____________________________________________________________________________________ | | | | | | (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.** {1}------------------------------------------------ ## **OATH OR AFFIRMATION** , Dhz..../ivf- ii \_ , swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of V 4.--'5OC/A (15 , as of \_ , 2 41 2- , is true and correct. I further swear (or affirm) that neither the company nor any part ler, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. **CertifiCatki Attachectvot Caltforrec f4iotnry VitordIng** Notary Public ## **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. - LII (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. - 2 (.0 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. - O (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - n (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. - 2 (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. - LII (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. - 1:1 (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-le 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). - fl (z) Other: - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.170-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. {2}------------------------------------------------ | CALIFORNIA ALL-PURPOSE
CERTIFICATE OF ACKNOWLEDGMENT
(CALIFORNIA CIVIL CODE § 1189) | | | | | |--------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--| | truthfulness, accuracy, or validity of that document. | A notary public or other officer completing this certificate verifies only the identity of the
individual who signed the document to which this certificate is attached, and not the | | | | | STATE OF CALIFORNIA
COUNTY OF ORANGE | | | | | | On November 29 2021 | before me, SHAILA MARIE ACEVES; NOTARY PUBLIC | | | | | (Date) | (Here Insert Name and Title of the Officer) | | | | | personally appeared JOSEPH VINCENT DELANEY | | | | | | paragraph is true and correct. | subscribed to the within instrument and acknowledged to me that he/she/they executed the same
in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument
the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing
SHAILA MARIE AcEVES
Notary Public - California
Orange county
Commission # 2298006
My comm. Expires Jut 21 2023
(Notary Seal) | | | | | ADDITIONAL OPTIONAL INFORMATION | | | | | | Description of Attached Document
Title or Type of Document:
L
Number of Pages:
Additional Information: | /Document Date:
orL 4
Signer(s) Other Than Named Above: | | | | revision date 01/01/2015 {3}------------------------------------------------ Financial Statements and Supplemental Schedules September 30, 2021 (With Independent Auditors' Report Thereon and Supplemental Schedules) These financial statements and schedules should be deemed confidential pursuant to subparagraph (e)(3) of Rule 17a-5 of the Securities and Exchange Commission. . {4}------------------------------------------------ # **September 30, 2021** ## **Table of Contents** **PAGE** # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 1 STATEMENT OF FINANCIAL CONDITION 2 NOTES TO FINANCIAL STATEMENTS 3-4 SUPPLEMENTAL INFORMATION PURSUANT TO RULE 17a-5 OF THE SECURITIES EXCHANGE ACT OF 1934: 5 SCHEDULE I - COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION 6 SCHEDULE II & III - INFORMATION RELATING TO RESERVE REQUIREMENTS FOR BROKER/DEALERS AND INFORMATION RELATING TO POSSESSION OR CONTROL REQUIREMENTS PURSUANT TO RULE 15c3-3 7 EXEMPTION REPORT 8 INDEPENDENT AUDITORS' REPORT ON EXEMPTION REPORT 9** {5}------------------------------------------------ ![](_page_5_Picture_0.jpeg) # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** Mr. J.V. Delaney, Owner J.V. Delaney & Associates Newport Beach, California ## **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of J.V. Delaney & Associates as of September 30, 2021, and the related notes and schedules (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of J.V. Delaney & Associates as of September 30, 2021, 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 J.V. Delaney & Associates' management. Our responsibility is to express an opinion on J.V. Delaney & associates' 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 J.V. Delaney & Associates 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 information contained in Schedules I (the "Supplemental Information" has been subjected to audit procedures performed in conjunction with the audit of J.V. Delaney & Associates' financial statements. The Supplemental Information is the responsibility of J.V. Delaney & Associates' 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 information contained in Schedules I is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as J.V. Delaney & Associates' auditor since 2019. San Mateo, California November 29, 2021 {6}------------------------------------------------ #### STATEMENT OF FINANCIAL CONDITION As of September 30, 2021 #### ASSETS | Cash and cash equivalents | \$
8,856 | |-----------------------------------------|-------------| | Total current assets | 8,856 | | Furniture and equipment at cost, net of | | | accumulated depreciation | 115 | | TOTAL ASSETS | \$
8,972 | | LIABILITIES AND OWNER'S EQUITY | | | Accounts payable | \$
1,500 | | TOTAL LIABILITIES | 1,500 | | NET ASSETS | 7,472 | | TOTAL LIABILITIES AND NET ASSETS | \$
8,972 | The accompanying notes are an integral part of these financial statements. {7}------------------------------------------------ ## NOTES TO FINANCIAL STATEMENTS September 30, 2021 ## **Note 1 – Organization and Nature of Business** J.V. Delaney & Associates a sole proprietorship (owner) is a registered broker-dealer with the Securities and Exchange Commission and is a member of the Financial Industry Regulatory Agency ("FINRA"). The sole proprietorship acts as an investment banker and financial advisor to public and private companies. ## **Note 2 – Significant Accounting Policies** **Basis of Presentation** – The sole proprietorship (owner) is licensed to conduct the following types of business as a securities brokerdealer including: - Brokering and dealing in retail sales of corporate securities on a fully disclosed basis; - Brokering of municipal securities; - Retail sales of mutual funds on a subscription basis; - Act as placement agent in private placement of securities; - Brokering of government securities; and - Underwriting of securities on a "best efforts" basis only. Rule 15c3-3(k)(2)(ii) provides an exemption from the SEC's "customer protection rule" for firms that: carry no margin accounts; promptly transmit all customer funds and deliver all securities received in connection with their broker-dealer activities; do not otherwise hold funds or securities for, or owe money or securities to, customers; and effectuate all financial transactions with customers through one or more bank accounts designated as "Special Account for the Exclusive Benefit of Customers" of J.V. Delaney & Associates. **Operations** – The financial statements include only those assets and liabilities of the proprietor, which relate to his broker-dealer operations**.** **Use of Estimates** - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. **Income Taxes** – J.V. Delaney & Associates is a sole proprietorship for income tax purposes and, accordingly, income or loss of the sole proprietorship is that of the proprietor. ## **Note 3 – Fair Value** Unless otherwise indicated, the fair values of all reported assets and liabilities that represent financial instruments (none of which are held for trading purposes) approximate the carrying values of such amounts. ## **Note 4 – Net Capital Requirements** The sole proprietorship is subject to the SEC Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Rule 15c3-1 also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. At September 30, 2021, the sole proprietorship had net capital of \$7,356 which was \$2,356 in excess of its required net capital of \$5,000. The sole proprietorship's net capital ratio to indebtedness was 4.90 to 1. ## **Note 5 – Exemption from the SEC Rule 15c3-3** {8}------------------------------------------------ Rule 15c3-3(k)(2)(ii) provides an exemption from the SEC's "customer protection rule" for firms that: carry no margin accounts; promptly transmit all customer funds and deliver all securities received in connection with their broker-dealer activities; do not otherwise hold funds or securities for, or owe money or securities to, customers; and effectuate all financial transactions with customers through one or more bank accounts designated as "Special Account for the Exclusive Benefit of Customers" of the sole proprietorship. ## **Note 7** – **SIPC Supplementary Report Requirement** The sole proprietorship is not required to complete the SIPC Supplementary Report under SEC Rule 17a-5(e) (4) for 12 months ending September 30, 2021 because the sole proprietorship's SIPC Net Operating Revenues are under \$500,000. ## **Note 8 – Subsequent Events** Sole proprietor has reviewed the results of operations for the period of time from its year end September 30, 2021 through November 29, 2021, the date the financial statements were available to be issued, and has determined that no adjustments are necessary to the amounts reported in the accompanying financial statements nor have any subsequent events occurred, the nature of which would require disclosure. {9}------------------------------------------------ # **SUPPLEMENTAL INFORMATION PURSUANT TO RULE 17a-5 OF THE SECURITIES EXCHANGE ACT OF 1934** {10}------------------------------------------------ ## SCHEDULE I COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION #### September 30, 2021 | NET CAPITAL: | | | |----------------------------------------------------------------|-------|--------------| | Owner's equity | | \$
7,472 | | Less non-allowable assets and deductions: | | | | Furniture and equipment at cost, net | 116 | | | Prepaid expenses | - | | | Securities, not readily marketable | - | | | Other assets | - | | | Non-allowable assets and haircuts on securities | | 116 | | NET CAPITAL | | \$
7,356 | | AGGREGATE INDEBTEDNESS, total liabilities | | \$
1,500 | | MINIMUM NET CAPITAL REQUIRED (6.67% of aggregate indebtedness) | | \$
100 | | MINIMUM NET CAPITAL DOLLAR REQUIREMENT | | \$
5,000 | | MINIMUM NET CAPITAL REQUIRED | | \$
5,000 | | EXCESS NET CAPITAL | | \$
2,356) | | PERCENTAGE OF AGGREGATE INDEBTEDNESS TO | 1,500 | | | NET CAPITAL | 7,356 | 20.39% | There are no material differences between the above computation and the computation included in the Company's corresponding unaudited Form X-17A-5 Part IIA filing as of September 30, 2021. {11}------------------------------------------------ ## SCHEDULE II & III INFORMATION RELATING TO RESERVE REQUIREMENTS FOR BROKER/DEALERS AND INFORMATION RELATING TO POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3 September 30, 2021 The Company claims an exemption from the provisions of Rule 15c3-3 under paragraph (K) (2) (ii). Accordingly, the "Computation for Determination of Reserve Requirements" and "Information Relating to the Possession or Control Requirements" under such rule have not been prepared. {12}------------------------------------------------ ## **J.V. DELANEY & ASSOCIATES 20 Vienna Newport Beach, CA 92660** ## **SEC Rule 15c3-3(k) Exemption Report For year ending September 30, 2021** J.V. Delaney & Associates ("the Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers or dealers"). This Exemption Report was prepared as required by 17 C.F.R. §240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following: - 1. The Company claimed an exemption from 17 C.F.R. §240.15c3-3 under the provisions of subsection (k)(2)(ii). - 2. The Company met the requirements of this exemption provision throughout the most recent fiscal year without exception. ## J.V. DELANEY & ASSOCIATES I, J.V. Delaney, swear that, to my best knowledge and belief, that this Exemption Report is true and correct. J.V. Delaney, Owner Date \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 11-29-2021 {13}------------------------------------------------ ![](_page_13_Picture_0.jpeg) # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** Mr. J.V. Delaney, Owner J.V. Delaney & Associates Newport Beach, California We have reviewed management's statements, included in the accompanying SEC Rule 15c3-3(k) Exemption Report, in which (1) J.V. Delaney & Associates identified the following provisions of 17 C.F.R. §15c3-3(k) under which J.V. Delaney & Associates claimed an exemption from 17 C.F.R. §240.15c3-3 under paragraph (k)(2)(ii) (exemption provisions) and (2) J.V. Delaney & Associates stated that J.V. Delaney & Associates met the identified exemption provisions throughout the most recent fiscal year without exception. J.V. Delaney & Associates' management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about J.V. Delaney & Associates' compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective 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 paragraph (k)(2)(ii) of Rule 15c3-3 under the Securities Exchange Act of 1934. WWC, P.C. San Mateo, California November 29, 2021 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.