Full text of ZIONS DIRECT, 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}------------------------------------------------ #### F INANCIAL S TATEMENTS AND S UPPLEMENTARY I NFORMATION Zions Direct, Inc. (A Wholly-Owned Subsidiary of Zions Bancorporation, National Association) Year Ended December 31, 2020 With Report of Independent Registered Public Accounting Firm (Confidential Pursuant to Rule 17a-5(e)(3)) {1}------------------------------------------------ ## Statement of Financial Condition December 31, 2020 # **Contents** Report of Independent Registered Public Accounting Firm #### **Financial Statements** | Statement of Financial Condition 1 | | |------------------------------------|--| | Notes to Financial Statements 2 | | {2}------------------------------------------------  {3}------------------------------------------------ ## Statement of Financial Condition #### December 31, 2020 | Assets | | |--------------------------------------------------------------------------------------|----------------------| | Cash and cash equivalents | \lt;br>14,350,538 | | Restricted cash | 150,000 | | Cash deposits with clearing organizations | 3,350,627 | | Receivables from brokers, dealers and clearing organizations | 1,607,913 | | Fixed assets, at cost, less accumulated depreciation and amortization<br>of \$42,170 | 1,757 | | Net deferred income tax assets | 57,304 | | Prepaid expenses | 48,271 | | Other assets | 30,670 | | | | | Total assets | \lt;br>19,597,080 | | Liabilities and stockholder's equity | | | Payables to brokers, dealers and clearing organizations | \lt;br>1,570,300 | | Net payable to affiliate | 51,196 | | Accrued expenses | 138,674 | | Total liabilities | 1, 760,170 | | Stockholder's equity: | | | Common stock (50,000 shares authorized, issued and outstanding; \$1.00 par value) | 50,000 | | Additional paid-in capital | 37, 444,512 | | Retained deficit | (19,657,602) | | Total stockholder's equity | 17,836,910 | | Total liabilities and stockholder's equity | \lt;br>19,<br>597,080 | *See accompanying notes to financial statements.* {4}------------------------------------------------ ## Notes to Financial Statements ## **1. Organization and Ownership** Zions Direct, Inc. (the "Company") is a wholly-owned subsidiary of Zions Bancorporation, National Association ("Parent"). The Company is a member of the Financial Industry Regulatory Authority ("FINRA") and is registered as a broker-dealer under the Securities Exchange Act of 1934. The Company provides brokerage services to its client base, transa…Read the full text as markdown