# R.M. DUNCAN SECURITIES, INC. X-17A-5 (2024-08-26) — Broker-dealer annual report - Company: R.M. DUNCAN SECURITIES, INC. - Form: X-17A-5 - Filed: 2024-08-26 - Period: 2024-06-30 - Accession: 0000729162-24-000004 - CIK: 729162 - File #: 8-30534 - Type: Broker-dealer - Material weakness: No - Auditor: Tuttle & Bond, PLLC - Auditor location: Fredericksburg, TX - Contact: Romeo Portillo - Phone: 5012800298 - Email: iportillo@rmds.biz - Website: rmds.biz - Signed by: Randall Duncan (President and CEO) Original filing: https://www.sec.gov/Archives/edgar/data/729162/000072916224000004/rmds_annual_report_2024_pub.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ## ANNUAL REPORTS FORM X-17A-5 PART III FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 AND ENDING 06/30/24 Filing for the period beginning 07/01/23 MM/DD/YY MM/DD/YY OMB APPROVAL OMB Number: 3235-0123 Estimated average burden hours per response: 12 SEC FILE NUMBER 8-30534 Expires: Nov. 30, 2026 A. REGISTRANT IDENTIFICATION # NAME OF FIRM: R.M. DUNCAN SECURITIES, INC. TYPE OF REGISTRANT (check all applicable boxes): Broker-dealer Check here if respondent is also an OTC derivatives dealer [] Security-based swap dealer | | Major security-based swap participant ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) # 10201 W. MARKHAM ST SUITE 219 | | INV. allu Jusel | | | | | | |--------------------------------------------------------------------------------------------------|--------------------------------|--------------------------------------------|------------|--|--|--| | ITTLE ROCK | AR | | 72205 | | | | | (City) | (State) | | (Zip Code) | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | ROMEO PORTILLO | 501-280-0298 | iportillo@rmds.biz | | | | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Tuttle & Bond, PLLC | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | | | 2954 Goehmann Lane Fredericksburg TX | | | 78624 | | | | | (Address) | (City) | (State) | (Zip Code) | | | | | 03/19/2019 | | 6543 | | | | | | (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 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 | | swear (or affirm) that, to the best of my knowledge and belief, the
Randall Duncan | | | | | |--|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--| | | tinancial report pertaining to the firm of R.M. Duncan Securities, Inc.
as of | | | | | | | , 2024 is true and correct. I further swear (or affirm) that neither the company nor any
June 30 | | | | | | | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely | | | | | | | as that of a customer. | | | | | | | Signature
IIte:
President and CEO | | | | | | | | | | | | | | 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). | | | | | | | L (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. | | | | | | | [ (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. | | | | | | | (j) 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.
[1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. | | | | | | | [ ] (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. | | | | | | | | | | | | | | @ (q) Oath or affirmation in accordance with 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. | | | | | | | [ (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. | | | | | | | L (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 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 240.15c3-1e or 17 CFR 240.17a-12, | | | | | | | as applicable. | | | | | | | [] (y) Report describing any material inadequacies found to existed since the date of the previous audit, or | | | | | | | a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). | | | | | | | (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. {2}------------------------------------------------ R.M. Duncan Securities, Inc. Financial Statements and Supplemental Schedules Required by the U.S. Securities and Exchange Commission Including Independent Auditors Report Thereon for the Year-Ended June 30, 2024 {3}------------------------------------------------ ## Contents | Independent Auditors Report | | |----------------------------------|--| | Statement of Financial Condition | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) ### Opinion on The Financial Statements REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To Director and Shareholder of R.M. Duncan Securities, Inc. We have audited the accompanying statement of financial condition of R.M. Duncan Securities, Inc. (the "Company) as of June 30, 202 , and the related statements of operations, stockholder's equity, and cash flows for the year then ended, including the related notes (collectively referred to as financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 202 , 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. Companys financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting ## Basis for Opinion These financial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on the 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 of these financial statements in accordance with 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 from 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 audits 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 Companys internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error provides a reasonable basis for our opinion. 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 the audit ### Report on Supplementary Information The accompanying information contained in the Supplementary Information section has been subjected to audit procedures performed in conjunction with the audit of the Companys financial statement. The supplemental information is the responsibility of the Companys 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 Rule 17a-5 under the Securities Exchange Act of 1934 and, if applicable, under Regulation 1.10 under the Commodity Exchange Act. In our opinion, the information contained in the Supplementary Information section is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the R.M. Duncan Securities, Inc.s auditor since June 30, 2019. Texas , 202 {5}------------------------------------------------ ## R.M. Duncan Securities, Inc. Financial Statements Statement of Financial Condition As Of and For the Year Ended June 30, 2024 Assets Current Assets Cash 32,720 \$ Accounts Receivable 2,834 Other Current Assets 31,286 Secured Demand Note - Prepaid Expenses 7,662 Total Current Assets 74,502 \$ Fixed Assets Furniture and Equipment 10,581 Less Accumulated Depreciation (10,581) Total Fixed Assets - \$ Total Assets 74,502 \$ Liabilities and Equity Liabilities Accounts Payable 6,667 \$ Subordinated Loan (Secured Demand Note) - Accrued expenses 119 Total Current Liabilities 6,786 \$ Total Liabilities 6,786 \$ Equity Additional Paid-in Capital - \$ Common Stock, No Par Value, 1,000 Shares Authorized, 100 Shares Issued and Outstanding 6,000 Retained Earnings (Deficit) 61,716 Total Equity 67,716 \$ Total Liabilities & Equity 74,502 \$ Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.