# DEALERWEB INC. X-17A-5 (2023-03-01) — Broker-dealer annual report

- Company: DEALERWEB INC.
- Form: X-17A-5
- Filed: 2023-03-01
- Period: 2022-12-31
- Accession: 0000817462-23-000004
- CIK: 817462
- File #: 8-38103
- Type: Broker-dealer
- Material weakness: No
- Auditor: Deloitte & Touche LLP
- Auditor location: New York, NY
- Contact: Richard J. Cotter
- Phone: 646-484-2929
- Website: deloitte.com
- Signed by: Richard J. Cotter (Chief Financial Officer)

Original filing: https://www.sec.gov/Archives/edgar/data/817462/000081746223000004/DWSFC.pdf

---

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# DEALERWEB INC.

(SEC I.D. No. 8-38103)

### Statement of Financial Condition as of December 31, 2022, and Report of Independent Registered Public Accounting Firm

Filed pursuant to Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a Public Document

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## PUBLIC

|                                                                 | UNITED STATES                                                             |                                                                                                                                                                                                                        | OMB APPROVAL                               |
|-----------------------------------------------------------------|---------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|
|                                                                 | OMB number:<br>3235-0123                                                  |                                                                                                                                                                                                                        |                                            |
|                                                                 | Expires: Oct 31, 2023                                                     |                                                                                                                                                                                                                        |                                            |
|                                                                 |                                                                           |                                                                                                                                                                                                                        | Estimated average                          |
|                                                                 |                                                                           |                                                                                                                                                                                                                        | burden<br>hours per response:              |
|                                                                 | Annual Reports<br>Form X-17A-5                                            |                                                                                                                                                                                                                        | 12                                         |
|                                                                 | Part III                                                                  |                                                                                                                                                                                                                        | SEC FILE NUMBER                            |
|                                                                 | FACING PAGE                                                               |                                                                                                                                                                                                                        | 8-38103                                    |
| Act of 1934                                                     |                                                                           | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange                                                                                                                          |                                            |
| FILING FOR THE PERIOD<br>BEGINNING                              | 01/01/2022 AND ENDING                                                     |                                                                                                                                                                                                                        | 12/31/2022                                 |
|                                                                 | MM/DD/YY                                                                  |                                                                                                                                                                                                                        | MM/DD/YY                                   |
|                                                                 | A.                                                                        | REGISTRANT IDENTIFICATION                                                                                                                                                                                              |                                            |
| NAME OF<br>Dealerweb Inc.<br>FIRM:                              |                                                                           |                                                                                                                                                                                                                        |                                            |
| TYPE OF REGISTRANT (check all applicable boxes):                |                                                                           |                                                                                                                                                                                                                        |                                            |
| · Broker-dealer                                                 |                                                                           | = Security-based swap dealer = Major security-based swap participant                                                                                                                                                   |                                            |
| □ Check here if respondent is<br>also an OTC derivatives dealer |                                                                           |                                                                                                                                                                                                                        |                                            |
|                                                                 | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)       |                                                                                                                                                                                                                        |                                            |
| 2200 Plaza Five, Harborside Financial Center                    |                                                                           |                                                                                                                                                                                                                        |                                            |
|                                                                 | (No. and Street)                                                          |                                                                                                                                                                                                                        |                                            |
| Jersey City                                                     |                                                                           | NJ                                                                                                                                                                                                                     | 07311                                      |
|                                                                 | (City)                                                                    | (State)                                                                                                                                                                                                                | (Zip Code)                                 |
|                                                                 |                                                                           |                                                                                                                                                                                                                        |                                            |
|                                                                 | PERSON TO CONTACT WITH REGARD TO THIS FILING                              |                                                                                                                                                                                                                        |                                            |
| Richard J. Cotter                                               | 646-484-2929                                                              | cotter(@dealerweb.com                                                                                                                                                                                                  |                                            |
| (Name)                                                          | (Area Code - Telephone<br>Number)                                         | (Email Address)                                                                                                                                                                                                        |                                            |
|                                                                 |                                                                           | B. ACCOUNTANT IDENTIFICATION                                                                                                                                                                                           |                                            |
|                                                                 | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* |                                                                                                                                                                                                                        |                                            |
| Deloitte & Touche LLP                                           |                                                                           |                                                                                                                                                                                                                        |                                            |
|                                                                 |                                                                           | (Name - if individual, state last, first, and middle name)                                                                                                                                                             |                                            |
| 30 Rockefeller Plaza                                            | New York                                                                  | NY                                                                                                                                                                                                                     | 10112-0015                                 |
| (Address)                                                       | (City)                                                                    | (State)                                                                                                                                                                                                                | (Zip Code)                                 |
|                                                                 | 10/20/2003                                                                | 34                                                                                                                                                                                                                     |                                            |
| (Date of Registration with PCAOB)(if<br>applicable)             |                                                                           |                                                                                                                                                                                                                        | (PCAOB Registration Number, if applicable) |
|                                                                 |                                                                           | FOR OFFICIAL USE ONLY                                                                                                                                                                                                  |                                            |
| CFR 240.17a-5(e)(1)(ii), if applicable.                         |                                                                           | * Claims for exemption from the requirement that the annual reports of an independent public<br>accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 |                                            |

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.

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{3}------------------------------------------------

### Affirmation

l, Richard J. Cotter, affirm that, to the best of my knowledge and belief the accompanying financial statements and supporting schedules pertaining to the firm of Dealerweb Inc., as of December 31, 2022, are true and correct. I further swear (or affirm) that neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account classified solely as that of a customer.

Richard J. Cotter

Chief Financial Officer

'Pursuant to the statement from the staff of the Division of Trading and Markets regarding the notarization requirements applicable to the Impacted Paper Submissions or in the electronic filings of a broker-dealer's annual reports required under paragraph (d) of SEC Rule 17a-5 and the difficulties arising from COVID-19, Dealerweb Inc. is making this filing without a notarization.

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**Deloitte & Touche LLP**  30 Rockefeller Plaza New York, NY 10112-0015 USA

Tel: +1 212 492 4000 Fax: +1 212 489 1687 www.deloitte.com

#### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Board of Managers and Stockholder of Dealerweb Inc.

#### **Opinion on the Financial Statement**

We have audited the accompanying statement of financial condition of Dealerweb Inc. (the "Company") as of December 31, 2022, and 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, 2022, in conformity with accounting principles generally accepted in the United States of America.

#### **Emphasis of Matter**

As discussed in Note 3 to the financial statement, on November 7, 2022, Execution Access LLC merged with and into Dealerweb Inc and the net assets of Execution Access LLC were transferred to Dealerweb Inc. at their respective carrying values.

#### **Basis for Opinion**

The financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on this 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 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 performing procedures to assess the risks of material misstatement of the financial statement, 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 statement. 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 statement. We believe that our audit of the financial statement provides a reasonable basis for our opinion.

March 1, 2023

We have served as the Company's auditor since 2019.

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| @@3A@                                                                                                |              |
|------------------------------------------------------------------------------------------------------|--------------|
| 2D92?542D96BF:G2=6?ED                                                                                | <br>         |
| 2D9D68C682E65F?56C7656C2=C68F=2E:@?D                                                                 | <br>         |
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| 6A@D:EDH:E94=62C:?8@C82?:K2E:@?D                                                                     | <br>         |
| ):89E<br>@7<br>FD62DD6ED                                                                             | <br>         |
| \$6>36CD9:AD:?4=62C:?8@C82?:K2E:@?D                                                                  | <br>         |
| )646:G23=6D7C@>A2C6?E2?5277:=:2E6D                                                                   | <br>         |
| 676CC65E2I2DD6E                                                                                      | <br>         |
| 44CF65:?4@>6                                                                                         | <br>         |
| @@5H:==                                                                                              | <br>         |
| !?E2?8:3=62DD6ED<br>?6E@7244F>F=2E652>@CE:K2E:@?                                                     | <br>         |
| &E96C2DD6ED                                                                                          | <br>         |
| +@E2=2DD6ED                                                                                          | <br>         |
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| 44CF654@>A6?D2E:@?<br>44@F?EDA2J23=6	244CF656IA6?D6D2?5@E96C=:23:=:E:6D                              | <br><br><br> |
| #62D6=:23:=:EJ                                                                                       | <br>         |
| 676CC65E2I=:23:=:EJ                                                                                  | <br>         |
| '2J23=6E@A2C6?E2?5277:=:2E6D                                                                         | <br>         |
|                                                                                                      |              |
| +@E2==:23:=:E:6D                                                                                     | <br>         |
| *E@4<9@=56CDBF:EJ<br>=2DD4@>>@?DE@4<                                                                 | <br>         |
| =2DD4@>>@?DE@4<                                                                                      | <br>N        |
| 55:E:@?2=A2:5<br>:?42A:E2=                                                                           | <br>         |
| )6E2:?6562C?:?8D                                                                                     | <br>         |
|                                                                                                      | <br>         |
| @>>@?DE@4<:?EC62DFCJ	2E4@DE	 D92C6D                                                                  | <br>         |
| +@E2=6BF:EJ                                                                                          | <br>         |
| +@E2==:23:=:E:6D2?5DE@4<9@=56CD6BF:EJ                                                                | <br>         |

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{9}------------------------------------------------

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| D@7646>36C<br>                              |                  |                                                               |                                              |                                               |       |
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{10}------------------------------------------------

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|-------------------------------------------------------------|------------------|-------------------------------------------------------------------------|--|----------------------------------------------|--|-----------------------------------------------|--|-------|--|
| D@7646>36C                                                  |                  |                                                                         |  |                                              |  |                                               |  |       |  |
| <br>                                                        |                  |                                                                         |  |                                              |  |                                               |  |       |  |
| 2D9                                                         |                  | <br>                                                                    |  | N                                            |  | N                                             |  |       |  |
| 2D9D68C682E65F?56C7656C2=<br>C68F=2E:@?D                    | <br>             | <br>                                                                    |  | N                                            |  | N                                             |  |       |  |
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| 6A@D:EDH:E94=62C:?8<br>@C82?:K2E:@?D                        | <br>             | <br>                                                                    |  | N                                            |  | N                                             |  |       |  |
| \$6>36CD9:AD:?4=62C:?8<br>@C82?:K2E:@?D                     | <br>             | <br>N                                                                   |  | N                                            |  |                                               |  |       |  |
|                                                             |                  | <br>                                                                    |  |                                              |  |                                               |  |       |  |
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| '2J23=6E@3C@<6CD2?5562=6CD<br>2?54=62C:?8@C82?:K2E:@?D      |                  | <br>N                                                                   |  |                                              |  | N                                             |  |       |  |
|                                                             |                  | <br>N                                                                   |  |                                              |  | N                                             |  |       |  |

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| @@5H:==                                                                        |         |         |      |
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| 44F>F=2E652>@CE:K2E:@?                                                         | <br>    |         | N    |
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| &A6C2E:?8=62D66IA6?D6                                             | <br>  |  |
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