Full text of EMMET & CO, INC.'s X-17A-5 filed 2022-06-30 (period 2022-03-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # **Financial Statements** ## **March 31, 2022** **PUBLIC** {1}------------------------------------------------ ### **TABLE OF CONTENTS** #### **Page** | Report of Independent Registered Public Accounting Firm<br> | 1 | |-------------------------------------------------------------|---| | Statement of Financial Condition | 2 | | Notes to the Financial Statements3 – | 8 | {2}------------------------------------------------  {3}------------------------------------------------ #### **STATEMENT OF FINANCIAL CONDITION** #### **As of March 31, 2022** #### **ASSETS** | Cash | \lt;br>113,784 | |-----------------------------------------------------------------|-----------------| | Deposit -<br>Clearing Organization | 250,833 | | State and Municipal Government Obligations | 6,435,418 | | Property and Equipment, Net | 17,438 | | Deposit -<br>Internal Revenue Service | 120,248 | | Accrued Interest | 44,647 | | Other Assets | 31,668 | | TOTAL ASSETS | \lt;br>7,014,036 | | | | | LIABILITIES AND SHAREHOLDERS' EQUITY | | | Payable to Brokers and Dealers | \lt;br>2,935,090 | | Accounts Payable and Other Liabilities | 37,000 | | TOTAL LIABILITIES | 2,972,090 | | COMMITMENTS & CONTINGENCIES (See Note 7) | | | SHAREHOLDER'S EQUITY | | | Common Stock | | | 4,375 Authorized and Issued | | | Without Par Value | 1,200,000 | | Paid-In Capital | 3,219,426 | | Less Treasury Stock, 297.50 Shares at Cost<br>Retained Earnings | (377,480)<br>- | | TOTAL SHAREHOLDER'S EQUITY | 4,041,946 | | TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | \lt;br>7,014,036 | {4}------------------------------------------------ #### **NOTES TO THE FINANCIAL STATEMENTS** #### **March 31, 2022** #### **1. Organization and Nature of Operations** Emmet & Co., Inc. (the "Company") is a broker-dealer registered with the Securities and Exchange Commission ("SEC") effective December 24, 1984 and is a member of the Financial Industry Regulatory Authority, Inc. ("FINRA"). The Company is a New Jersey corporation formed on January 19, 1983 operating from a primary office located in Far Hills, New Jersey. The Company is a municipal securities dealer and trades on a proprietary basis. The Company operates under the exemption provisions of paragraph (k)(2)(ii) of SEC Rule 15c3-3. All customer securities transactions are cleared on a fully disclosed basis through a clearing broker-dealer. The clearing broker-dealer maintains the customers' accounts as w…Read the full text as markdown