# HAPI SECURITIES LLC X-17A-5 (2025-04-01) — Broker-dealer annual report - Company: HAPI SECURITIES LLC - Form: X-17A-5 - Filed: 2025-04-01 - Period: 2024-12-31 - Accession: 0000789054-25-000002 - CIK: 1837759 - File #: 8-70646 - Type: Broker-dealer - Material weakness: No - Auditor: Ohab and Company - Auditor location: Maitland, FL - Contact: Norman Fuchs - Phone: 8185311310 - Email: norm@imhapi.app - Website: imhapi.app - Signed by: Norman Fuchs (Principal Financial Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1837759/000078905425000002/hapiafs_1.pdf --- {0}------------------------------------------------ #### UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | OMB APPROVAL | |---------------------------| | OMB Number: 3235-0123 | | Expires: Oct. 31, 2023 | | Estimated average burden | | hours per response:
12 | | SEC FILE NUMBER | | 8-70646 | | | 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 December 31, 2024 Filing FOR THE PERIOD BEGINNING January 1, 2024 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: Hapi Securities LLC TYPE OF REGISTRANT (check all applicable boxes): Broker-dealer Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 65 Freeborn Road (No. and Street) CT 06612 Easton (Zip Code) (City) (State) PERSON TO CONTACT WITH REGARD TO THIS FILING Norman Fuchs 818-531-1310 norm@imhapi.app (Area Code – Telephone Number) (Email Address) (Name) B. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* OHAB AND COMPANY, PA (Name – if individual, state last, first, and middle name) FL 32751 100 E SYBELIA AVE, SUITE 130 MAITLAND (Address) (City) (State) (Zip Code) JULY 28, 2004 1839 (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 I, Norman Fuchs , swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Hapi Securities LLC , as of , 2024 , is true and correct. I further swear (or affirm) that neither the company nor any December 31 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. 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). KRISTEN L KAMALI Notary Public-State of Florida Commission # HH 623585 My Commission Expires - (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. - [ (I) 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-2, 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. - = (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. - [ (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. - [] (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 240.17a-12, as applicable. - □ (y) Report describing any material inadequacies 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). - (z) Other: 1 \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18c-7(d)(2), as applicable. Signature: Norman Fucha Title: Principal Financial Officer {2}------------------------------------------------ ## **TABLE OF CONTENTS** | Report of Independent Registered Public Accounting Firm | 1 | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | Financial Statements | | | Statement of Financial Condition | 2 | | Statement of Operations | 3 | | Statement of Changes in Member's Equity | 4 | | Statement of Cash Flows | 5 | | Notes to Financial Statements | 6 - 9 | | Supplemental Information | | | Schedule I - Computation and Reconciliation of Net Capital Under Rule 15c3-1
of the Securities and Exchange Commission | 10 | | Schedule II - Computation of Aggregate Indebtedness Under Rule 17a-5
of the Securities and Exchange Commission | 11 | | Schedule III - Compuation and Determination of Reserve Requirements
and Information Relating to the Possession or Control
Requirements Under SEC Rule 15c3-3 | 12 | {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) 100 E. Sybelia Ave. Suite 130 Maitland, FL 32751 Certified Public Accountants Email: pam@ohabco.com Telephone 407-740-7311 Fax 407-740-6441 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Member of Hapi Securities LLC #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Hapi Securities LLC as of December 31, 2024, the related statements of operations, changes in member's equity, and cash flows for the year then ended, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion section of our report, the financial statements present fairly, in all material respects, the financial position of Hapi Securities LLC as of December 31, 2024, 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 We were not able to confirm bank balances directly with the bank institutions where funds are held as they are held in an omnibus account. We were unable to obtain sufficient appropriate audit evidence by auditing procedures. These financial statements are the responsibility of Hapi Securities LLC's management. Our responsibility is to express an opinion on Hapi Securities LLC'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 with respect to Hapi Securities LLC in accordance with the U.S. federal securities laws and the applicable rules and requlations 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 Schedules I, II and III have been subjected to audit procedures performed in conjunction with the audit of Hapi Securities LLC's financial statements. The supplemental information is the responsibility of Hapi Securities LLC's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying and other records, as applicable, and performing procedures to test the completeness and accuracy of the information 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, Schedules I, Il and !II are fairly stated, in all material respects, except for the matter described in the basis for qualified opinion described above. We were not able to confirm bank balances directly with the bank institutions where funds are held in an omnibus account. We were unable to obtain sufficient appropriate audit evidence about existence by auditing procedures. Offical Company . P.F. We have served as Hapi Securities LLC's auditor since 2022. Maitland, Florida April 1, 2025 {4}------------------------------------------------ ### **FINANCIAL STATEMENTS** {5}------------------------------------------------ # **HAPI SECURITIES LLC STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2024** ## **ASSETS** | Assets | | |--------------------------------|-----------| | Cash and cash equivalents | \$326,572 | | Clearing deposit | 127,503 | | Interest and rebates recevable | 6,596 | | Prepaid expenses | 3,800 | | Total assets | \$464,471 | ## **LIABILITIES AND MEMBER'S EQUITY** | Liabilities | | |---------------------------------------|-----------| | Accounts and accrued expenses payable | \$13,500 | | | | | Total liabilities | 13,500 | | | | | Member's Equity | | | Member's equity | \$450,971 | | | | | Total liabilities and member's equity | \$464,471 | {6}------------------------------------------------ ## **HAPI SECURITIES LLC STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2024** #### **Revenues:** | Interest income
Rebates
Other income
Total revenues | \$26,021
423,185
5
449,210 | |--------------------------------------------------------------|-------------------------------------| | Expenses: | | | Clearing fees | 213,299 | | Customer account fees | 289,522 | | Legal and Professional fees | 37,450 | | Payroll | 207,400 | | Technology fees | 2,601 | | Trade errors | 78,942 | | Regulatory fees | 3,148 | | Other | 2,611 | | Total Expenses | 834,973 | | Net Loss | (\$385,762) | {7}------------------------------------------------ # **HAPI SECURITIES LLC STATEMENT OF CHANGES IN MEMBER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2024** | | Retained | | | |---------------------------|----------------|---------------|-----------| | | Members Equity | Earnings | Total | | Balance December 31, 2023 | \$1,907,775 | (\$1,361,042) | \$546,733 | | Member Contributions | 290,000 | | 290,000 | | Net Loss for Period | | (385,762) | (385,762) | | Balance December 31, 2024 | \$2,197,775 | (\$1,746,804) | \$450,971 | {8}------------------------------------------------ # **HAPI SECURITIES LLC STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2024** | Cash flows from operating activities | | |------------------------------------------------------|-----------------| | Net Loss | \$
(385,762) | | Adjustments to reconcile net loss to net cash | | | used by operating activities | | | Changes in operating assets and liabilities: | | | Decrease in Commissions receivable | (6,596) | | Decrease in Prepaid expenses and other current asset | (1,080) | | Increase in clearing deposit | (2,503) | | Decrease in Accounts payable | (25,582) | | A
Increase in Accrued liabilities | 13,500 | | Net cash used by operating activities | (408,023) | | Financing Activities | | | Member contributions | 290,000 | | Net cash provided for financing activities | 290,000 | | Net decrease in cash | (118,023) | | Cash and cash equivalents, at beginning of year | 444,595 | | Cash and cash equivalents, at end of year | \$
326,572 | | Supplemental disclosures of cash flow information | | | Cash paid for interest | \$0 | | Cash paid for taxes
Other non cash items | \$0
\$0 | | | | {9}------------------------------------------------ ### **NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** **Nature of business:** Hapi Securities LLC ("the Company") was incorporated May 6, 2022. The Company is registered as a broker-dealer under the Securities Exchange Act of 1934 and is a member of the Financial Industry Regulatory Authority (FINRA) and a member of the Securities Investor Protection Corporation (SIPC). The Company is wholly owned by Hapi Corp LLC. The Company is registered in 3 states and provides individuals with a self-directed trading platform to execute brokerage transactions in cash accounts only. The Company's securities business segment derives interest and rebate revenue from customers' general securities business which deals solely with equity securities. **Basis of accounting** - The accompanying financial statements of the Company have been prepared on the accrual basis of accounting and accordingly reflect all significant receivables, payables, and other assets and liabilities in accordance with accounting principles generally accepted in the United States of America. **Cash and cash equivalents** - The Company considers all money market accounts and highly liquid cash investments with a maturity date of three months or less to be cash equivalents. **Cash balances in excess of insured amounts** – The Company maintains its cash in accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses due to these limits. **Regulatory deposit** - The Company has on account with FINRA \$2,663, of which \$1,629 was deposited for 2024 licensing fees. This deposit was required by FINRA to be pre-paid in December 2024 to maintain state registrations in 2025. The Company will recognize this deposit as an expense on January 1, 2025. **Revenue recognition** – Revenue is recognized in accordance with FASB ASC Topic 606 as services are rendered and the contracts identified performance obligation has been satisfied. The Company provides a platform for executing transactions on exchanges and interest and rebates are recognized as revenue at the point in time the associated service is fulfilled, and ensuing payment is imminent, which is trade date. The Company also recognizes revenue for order flow and securities lending at the point in time services are fulfilled, which is trade date. Presently, the Company is executing customer transactions for zero commissions. There were no unsatisfied performance obligations at December 31, 2024. {10}------------------------------------------------ #### **NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued** **Income taxes** - Income taxes are provided for the tax effect of transactions reported in the financial statements and consist of taxes currently due plus deferred tax balances. Deferred taxes are recognized for differences between book and tax timing of income and expense items. As of December 31, 2024, the Company had no deferred tax assets or liabilities on the financial statements. **Use of estimates**-The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. #### **NOTE 2 – CREDIT LOSSES** The Company follows ASC Topic 326, Financial Instruments – Credit Losses ("ASC 326"). ASC 326 impacts the impairment model for certain financial assets by requiring a current expected credit loss ("CEL") methodology to estimate expected credit losses over the entire life of the financial asset. Under the accounting update, the Company has the ability to determine that there are no expected credit losses in certain circumstances (e.g., based on the credit quality of the customer). The Company had accounts receivable as of December 31, 2023 and 2024 of \$0 and \$6,596 respectively. #### **NOTE 3 – SEGMENT REPORTING** The Company's securities business segment derives interest and rebate revenue from customers' general securities business which deals solely with equity securities. The accounting policies for this segment are the same as those described in Note 1, Summary of Significant Account Policies. The chief operating decision maker assesses performance for the securities business segment and decides allocation of resources based on net income as reported on the income statement and segment assets as reported as total assets on the balance sheet. The chief operating decision maker uses net income to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into this segment or other areas, such as acquisitions or paying dividends. Net income is used to monitor, among other things, budget versus actual result, competitive analysis, and benchmarking. The Company has one reportable segment of rebates for the sale of equity securities, as the primary source of its revenue. The Company's chief operating decision maker is the CFO. {11}------------------------------------------------ ### **NOTE 4 - LEASES** The Company has no leases. #### **NOTE 5 – FAIR VALUE MEASUREMENTS** FASB ASC 820, *Fair value Measurements and Disclosures*, defines fair value, establishes a framework for measuring fair value, and establishes a fair value hierarchy which prioritizes the inputs to valuation techniques. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market. Valuation techniques that are consistent with the market, income or cost approach, as specified in ASC 820, are used to measure fair value. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad areas: Level 1 – inputs to the valuation methodology are quoted prices available in active markets for identical investments as of the reporting date. Level 2 – inputs to the valuation methodology are: - Quoted prices for similar assets or liabilities in active markets. - Quoted prices for identical or similar assets or liabilities in inactive markets. - Inputs other than quoted prices that are observable for the asset or liability. Level 3 – Inputs to the valuation methodology are unobservable inputs in situations where there is little or no market activity for the asset or liability, and the reporting entity makes estimates and assumptions related to the pricing of the asset or liability, including assumptions regarding risk. There were no transfers in or out of Level 3 during the year ending December 31, 2024. Investments are measured at fair value on a recurring basis by input type consisted of the following at December 31, 2024: | | | Fair Value Measurement | | | |--------------|---------------------|------------------------|---------|-------| | | Using Input Type___ | | | | | | Level 1 | Level 2 | Level 3 | Total | | Money Market | \$0 | | | \$0 | | Total | \$0 | | | \$0 | {12}------------------------------------------------ #### **NOTE 6 - NET CAPITAL REQUIREMENTS** As a registered broker-dealer, the Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule 15c3-1. The rule states, in part, that a broker or dealer that does not receive, directly or indirectly, or hold funds or securities for, or owe funds or securities to, customers and does not carry accounts of, or for, customers is required to maintain a minimum net capital of 6-2/3% of aggregate indebtedness, or \$5,000, whichever is greatest. As of December 31, 2024, the Company has positive net capital of \$437,049 which exceeds its minimum of \$5,000. Pursuant to SEC Rule 17a-5, paragraph (d)(4), the net capital computation contained in this annual audit report for the period ending December 31, 2024, does not materially differ from the net capital computation contained in the Company's unaudited FOCUS Report IIA for the period ending December 31, 2024. Consequently, a reconciliation is not required and is therefore not included herein. ### **NOTE 7 - COMMITMENTS AND CONTINGENCES** There are no commitments or contingencies as of year ending December 31, 2024. #### **NOTE 8 – COMPANY CONDITIONS** The Company has a loss of \$385,762 for the year ended December 31, 2024 and has received capital contributions from its stockholder for working capital. The Company' stockholder has represented the intention to continue making capital contributions, as needed, to ensure the Company's continuing operations. The stockholder has the financial wherewithal to continue contributing as required. Management expects the Company to continue as a going concern and the accompanying financial statements have been prepared on a going-concern basis without adjustments for realization in the event the Company ceases to continue as a going concern. ### **NOTE 9 – DEPOSIT WITH CLEARING BROKER** The Company maintains cash deposited with the clearing firm pursuant to a fully disclosed clearing agreement ("Clearing Agreement") which is meant to assure the Company's performance, including but not limited to the indemnification obligations specified in the Clearing Agreement. At December 31, 2024, the Company had \$127,503 deposited with the clearing firm. The deposit does not represent an ownership interest in the clearing firm. ### **NOTE 10 - SUBSEQUENT EVENTS** Management has assessed subsequent events through the date the financial statements were made available and determined no subsequent events or transaction occurred during that period requiring recognition or disclosure. {13}------------------------------------------------ **SUPPLEMENTAL INFORMATION** {14}------------------------------------------------ # **HAPI SECURITIES LLC SCHEDULE I FOR THE YEAR ENDED DECEMBER 31, 2024 COMPUTATION AND RECONCILIATION OF NET CAPITAL UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION** | Computation of basic net capital requirements: | | |-------------------------------------------------------------------------|-----------| | Total member's equity | \$450,971 | | Decuctions and/or charges:
Non-allowable assets: | | | Prepaid expense and other | 7,391 | | Total non-allowable assets | 7,391 | | Net capital before haircuts and securities positions | 443,580 | | Haircuts | 6,531 | | Net Capital | 437,049 | | | | | Minimum net capital requirements: | | | 6 2/3% of total aggregate indebtedness (\$13,500) | 900 | | Minimum dollar net capital requirement for this broker-dealer (\$5,000) | 5,000 | | Net capital requirement (greater of above two requirements) | 5,000 | | Net capital in excess of requirement minimum | \$432,049 | There are no material differences between the proceeding computation and the Company's corresponding unaudited Part II of Form X-17A-5 as of December 31, 2024 {15}------------------------------------------------ # **HAPI SECURITIES LLC SCHEDULE II COMPUTATION OF AGGREGATE INDEBTEDNESS UNDER RULE 17a-5 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31, 2024** ## **Total Aggregate Indebtedness** | Accrued expenses payable | \$13,500.00 | |---------------------------------------------------|-------------| | Aggregate indebtedness | \$13,500.00 | | Ratio of aggregate indebtedness
to net capital | 0.03 | {16}------------------------------------------------ # **HAPI SECURITIES LLC SCHEDULE III INFORMATION RELATED TO POSSESSION AND CONTROL AS OF DECEMBER 31, 2024 REQUIREMENTS UNDER SEC RULE 15c3-3 COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENT AND** The Company is exempt from the reserve and related computations for the determination thereof under paragraph (k)(2)(ii) of Rule 15c3-3 under the Securities and Exchange Commission. The Reserve Requirements pursuant to Rule 15c3-3 is not applicable as the Company does not hold customer funds or securities and the Company's activities are limited to those contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. §240.17a-5. The Possession or Control Requirements pursuant to Rule 15c3-3 is not applicable as the Company does not hold customer funds or securities and the Company's activities are limited to those contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. §240.17a-5. {17}------------------------------------------------ ![](_page_17_Picture_0.jpeg) 100 E. Sybelia Ave. Suite 130 Maitland, FL 32751 Certified Public Accountants Email: pam(@ohabco.com Telephone 407-740-7311 Fax 407-740-6441 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Member of Hapi Securities LLC We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) Hapi Securities LLC identified the following provision(s) of 17 C.F.R. §15c3-3(k) under which Hapi Securities LLC claimed the following exemption(s) from 17 C.F.R. §240.15c3-3: (k(2)(ii) [exemption provision(s)] and (2) Hapi Securities LLC stated that Hapi Securities LLC met the identified exemption sthroughout the most recent fiscal year without exception. The Company is also filing this Exemption Report because the Company's other business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 are limited to refering securities transactions to other broker-dealers, or providing technology or platform services. In addition, the Company did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company; did not carry accounts of or for customers; and did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. Hapi Securities LLC's management is responsible for compliance with the provisions contemplated by Footnote 74 of SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 and related SEC Staff Frequently Asked Questions 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 Hapi Securities LLC's compliance with the exemptions. 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(s) (k(2)(ii) of Rule 15c3-3 under the Securities Exchange Act of 1934 and the Company's other business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5, and related SEC Staff Frequently Asked Questions. Ohab and Company, PA Maitland, Florida April 1, 2025 {18}------------------------------------------------ ### **Exemption Report** Hapi Securities LLC the Successor to Hapi Corporation LLC (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 and dealers"). This Exemption Report was prepared as required by 17 C.F.R. § 240.17a-5(d)(l) 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 following provisions of 17 C.F.R. §240.15c3-3 (k)(2)(ii). - 2) The Company met the identified exemption provisions in 17 C.F.R. §240.15c3-3 (k)(2)(ii) throughout the most recent fiscal year without exception. - 3) The Company is also filing this Exemption Report because the Company's other business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.l7a-5 are limited to referring securities transactions to other broker-dealers, or providing technology or platform services; and the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company); (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. Hapi Securities LLC I, Norman Fuchs, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. By: Title: Principal Financial Officer February 17, 2025 Member: FINRA, SIPC Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.