Full text of J.P. MORGAN PRIME INC.'s X-17A-5 filed 2021-03-01 (period 2020-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # **J.P. Morgan Prime Inc.** (an indirect wholly-owned subsidiary of JPMorgan Chase & Co.) # **Statement of Financial Condition December 31, 2020** {1}------------------------------------------------ | | | Page | |---------|---------------------------------------------------------|------| | | Report of Independent Registered Public Accounting Firm | 1 | | | Statement of Financial Condition | 2 | | | Notes to Statement of Financial Condition | | | Note 1. | Organization | 3 | | Note 2. | Significant accounting policies | 3 | | Note 3. | Fair value measurement of financial instruments | 4 | | Note 4. | Securities financing activities | 7 | | Note 5. | Related parties | 8 | | Note 6. | Income taxes | 9 | | Note 7. | Regulatory requirements | 9 | | Note 8. | Pledged assets, collateral and contingencies | 9 | | Note 9. | Subsequent events | 10 | | | | | {2}------------------------------------------------  #### Report of Independent Registered Public Accounting Firm To the Board of Directors and Stockholder of J.P. Morgan Prime Inc. #### *Opinion on the Financial Statement - Statement of Financial Condition* We have audited the accompanying statement of financial condition of J.P. Morgan Prime Inc. (the "Company") as of December 31, 2020, including the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2020 in conformity with accounting principles generally accepted in the United States of America. #### *Basis for Opinion* The 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 of this financial statement 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 per…Read the full text as markdown