# ACCESS SECURITIES, LLC X-17A-5 (2026-03-02) — Broker-dealer annual report
- Company: ACCESS SECURITIES, LLC
- Form: X-17A-5
- Filed: 2026-03-02
- Period: 2025-12-31
- Accession: 0000832749-26-000005
- CIK: 832749
- File #: 8-39729
- Type: Broker-dealer
- Material weakness: No
- Auditor: Fulvio & Associates, LLP
- Auditor location: New York, NY
- Contact: Richard M Feldman
- Phone: 212-392-4838
- Signed by: Shari Crawford (Chief Compliance Officer)
Original filing: https://www.sec.gov/Archives/edgar/data/832749/000083274926000005/accessshort2025.pdf
---
{0}------------------------------------------------
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
OMB APPROVAL OMB Number: Expires: Estimated average burden hours per response:
# ANNUAL REPORTS FORM X-17A-5 PART III
| SEC FILE NUMBER | |
|-----------------|--|
| | |
FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 FILING FOR THE PERIOD BEGINNING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ AND ENDING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ TYPE OF REGISTRANT (check all applicable boxes): Broker-dealer Security-based swap dealer Major security-based swap participant Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (No. and Street) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (Name) (Area Code – Telephone Number) (Email Address) B. ACCOUNTANT IDENTIFICATION
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | |
|---------------------------------------------------------------------------------------|------------------------------------------------------------|---------|--------------------------------------------|
| _____________________________________________________________________________________ | | | |
| | (Name – if individual, state last, first, and middle name) | | |
| _____________________________________________________________________________________ | | | |
| (Address) | (City) | (State) | (Zip Code) |
| _____________________________________________________________________________________ | | | |
| (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 be covered by the 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}------------------------------------------------
December 31 2025 is true and correct. Ifurther swear (or affirm) that neither the company nor any as fir Access Securit swear hat, to the best of my knowledge and the
as that of a customer n, as the e, has any est in any accou
Chief Compliance Officer
Motary Public
- (a) Statement of financial condition.
- es ent cial
- (cStatement of income (loss) or if there is other comnrahansive income in the neriod(s) nresented a statement of
- )P Statement of rach flo
- e changes in stockholders' or partners' or sole proprietor's equity.
-
- (g) Notes to consolidated financial statements
- 17 CFR
- Comnutation of tangible orth 17 CER 240 19
- istomer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3
- Exhibit A to 17 CFR 240.18a-4. as apnplicable
- nts under
- (m) Information relating to possession or control requirements for customers under 17 CER 240 15c3.3
- 240 15c2 2/)(7) or 17 CER to pq or contro swap cus omers n CFR
- CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences appropriate explanations, of the FOCUS Report with net capital or tangib e net
- cial data for subsidiaries not consolidated in the statement of financial condition.
-
- (r) Compliance renort in accordance with 17 CER 240 17a-5 or 17 CER 240 18a-7 as applicable
- on report in or 17 as
- (t) Indenendent puhlic accountant'd
- acco report based on an examination of the financial report or financial statements under 17
- ent oublic accountant's report based on an examination of certain statements in the compliance renort under 17
- (w) Indenendent nublic accountant's renort hased on a review of the exemntion renort under 17 CER 740 17a-5 or 17
- Sunnlemental renorts on annlving agreed uon nrocedures in arcordance with 17 CER 740 15c3.1eor 17 CER 740 17a 17
- no ma es exist, under 17 CFR Ranort describing found to of tho nrovio dit
-
- anplicahle ng, see or 17 as
{2}------------------------------------------------
# ACCESS SECURITIES, LLC
Statement of Financial Condition
December 31, 2025
{3}------------------------------------------------
### Access Securities, LLC Financial Statement Index December 31, 2025
| | Pages |
|---------------------------------------------------------|-------|
| Report of Independent Registered Public Accounting Firm | 1 |
| Financial Statement: | |
| Statement of Financial Condition | 2 |
| Notes to the Statement of Financial Condition | 3-6 |
{4}------------------------------------------------
## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Members of Access Securities LLC
#### Opinion on the Financial Statement
We have audited the accompanying statement of financial condition of Access Securities LLC (the Company) as of December 31, 2025, 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, 2025 in conformity with accounting principles generally accepted in the United States of America.
#### Basis for Opinion
This financial statement is the responsibility of the Companys management. Our responsibility is to express an opinion on the Companys 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 U.S. Securities and Exchange Commission (SEC) 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 provides a reasonable basis for our opinion.
We have served as the Companys auditor since 2019.
New York, New York
February 27, 2026
{5}------------------------------------------------
# Access Securities, LLC Statement of Financial Condition December 31, 2025
| Access Securities, LLC | | |
|-------------------------------------------------------|----|---------|
| Statement of Financial Condition
December 31, 2025 | | |
| | | |
| Assets | | |
| Cash | \$ | 290,934 |
| Receivable from brokers and clearing organizations | | 104,022 |
| Other receivables | | 1,500 |
| Prepaid expenses and other assets | | 22,259 |
| Total Assets | \$ | 418,715 |
| Liabilities and Member's Equity | | |
| Liabilities: | | |
| Accounts payable and accrued expenses | \$ | 29,104 |
| Total Liabilities | | 29,104 |
| Member's equity | | 389,611 |
| Total Liabilities and Member's Equity | \$ | 418,715 |
| | | |
See accompanying notes to the Statement of Financial Condition
{6}------------------------------------------------
#### Access Securities, LLC Notes to the Statement of Financial Condition December 31, 2025
## 1. Organization and Nature of Business Activity
Access Securities, LLC (the "Company") is a registered broker-dealer, that has been primarily engaged as a broker in executing customers' orders for the purchase and sale of equities, debt instruments and options, transacting customer activity on a fully disclosed basis with a clearing broker-dealer.
During the year ended December 31, 2025, the existing owners of the Company have agreed to sell their ownership to an unaffiliated third party, subject to regulatory approval with is expected to be received in early 2026. In connection with this sale, the Company has made a strategic decision to pivot its business to instead offer private placement services to institutional investors. As such, the Company began the process of terminating its customer business and effectively completed that process by December 31, 2025. It has, however, retained its regulatory permissions to re-engage in such business in the future if the new owners so choose. Such transaction required regulatory approval, which was received in early 2026 (see note 6).
The Company is registered with the U.S. Securities and Exchange Commission ("SEC"), is a member of the Financial Industry Regulatory Authority, Inc. ("FINRA") and is registered with the National Futures Association ("NFA"). The Company's primary office location is New Cannan Connecticut.
# 2. Summary of Significant Accounting Polices
Basis of Accounting - The accompanying State of Financial Condition has been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and is in compliance with the Accounting Standards Codification ("ASC") of the Financial Accounting Standards Board "("FASB"). The accrual basis of accounting recognizes revenue in the accounting period in which revenue is earned regardless of when cash is received and recognizes expenses in the accounting period in which expenses are incurred regardless of when cash is disbursed.
Use of Estimates – The preparation of the Statement of Financial Condition in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the Statement of Financial Condition. Actual results could differ from those estimates.
Revenue Recognition – The Company recognizes advisory revenues in accordance with the provisions of the respective agreements. Commissions and trading gains and losses are recorded on a trade date basis, which is the day the transaction is executed. Investment banking and other fee income are recorded when all contractual obligations have been performed and the Company is reasonably assured of their collection. Generally, revenues are due at or shortly after the close of the respective transaction.
{7}------------------------------------------------
### Access Securities, LLC Notes to the Statement of Financial Condition (continued) December 31, 2025
# 2. Summary of Significant Accounting Polices (continued)
The Company complies with ASC Topic 606, Revenue from Contracts with Customers. The revenue recognition guidance requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The guidance requires an entity to follow a five-step model to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. The revenue recognition guidance does not apply to revenue associated with financial instruments, interest income and expense, leasing and insurance contracts.
Cash and Cash Equivalents – The Company considers all highly liquid debt instruments having original maturities of three months or less at the date of purchase to be cash equivalents.
Investments in Securities – The Company values investments in equity securities, securities sold short and option securities that are freely tradable and are listed on a national securities exchange or reported on the NASDAQ national market at their last sales price as of the last day of the period. The Company records such instruments on a trade date basis and values them at fair value in accordance with ASC Topic 820, Fair Value Measurement.
Income Taxes – Under provisions of the Internal Revenue Code, limited liability companies that are treated as partnerships are not subjected to income taxes, and any income or loss realized is taxed to the individual members. Accordingly, no provision for Federal income taxes appears on the Statement of Financial Condition. Under the Connecticut Tax Code, a Connecticut limited liability company is subject to taxes on income and loss at the entity level. Management has evaluated the Company's tax positions and concluded that the Company has taken no uncertain tax positions that require adjustment to or disclosure in the Statement of Financial Condition. The Company's 2022 through 2025 tax years are open for examination by Federal, state and local tax authorities.
Government and Other Regulation – The Company's business is subject to significant regulation by various governmental agencies and self-regulatory organizations, including the SEC and FINRA. Such regulation includes, among other things, periodic examinations by these regulatory bodies to determine whether the Company is conducting and reporting its operations in accordance with the applicable requirements of these organizations. As a registered broker dealer, the Company is subject to the SEC's net capital rule (Rule 15c3-1) which requires that the Company maintain a minimum net capital, as defined. The Company is exempt from Rule 15c3-3 under (k)(2)(ii) and Footnote 74 as the Company does not hold any customers' funds or securities.
{8}------------------------------------------------
#### Access Securities, LLC Notes to the Statement of Financial Condition (continued) December 31, 2025
# 2. Summary of Significant Accounting Polices (continued)
Segment Reporting – The Accounting Standards Update (ASU) 2023-07 issued by the FASB introduced enhancements to segment reporting requirements for public entities, including brokerdealers. The update aimed to improve the transparency and usefulness of financial disclosures for investors and other stakeholders. ASU 2023-07 disclosure requirements are effective for fiscal years starting after December 15, 2023. The Company has identified its President as the Chief Operating Decision Maker as specified in ASU 2023-07. Company management reviewed the ASU 2023-07 disclosure requirements and determined that no additional disclosures are required as the Company has only one reportable segment.
Investments Measured at Fair Value - The Company records its investments in securities and securities sold short at fair value. The accounting standard for fair value, which provides a framework for measuring fair value, clarifies the definition of fair value and expands disclosures regarding fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The accounting standard establishes a three-tier hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:
Level 1 - Quoted prices in active markets for identical assets or liabilities.
Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.
### 3. Market and Counterparty Risk
From time to time, the Company sells securities that it does not currently own and will therefore be obligated to purchase such securities at a future date incurring a gain or loss. The Company monitors such positions continuously to reduce the risk of potential loss due to changes in their fair value. No such positions were sold as of December 31, 2025.
In the normal course of its business, the Company enters into financial transactions where the risk of potential loss due to changes in market (market risk) or failure of the other party to the transaction to perform (counterparty risk) exceeds the amounts recorded for the transactions.
The Company's policy is to continuously monitor its exposure to market and counterparty risk through the use of a variety of financial, position and credit exposure reporting and control procedures. In addition, the Company has a policy of reviewing the credit standing of each brokerdealer, clearing organization, customer and/or other counterparty with which it conducts business.
{9}------------------------------------------------
#### Access Securities, LLC Notes to the Statement of Financial Condition (continued) December 31, 2025
# 4. Concentrations of Credit Risk
At December 31, 2025, receivable from brokers and clearing organizations reflected in the Statement of Financial Condition are primarily held with one domestic broker. The clearing and depository operations for the Company's security transactions are provided by such broker.
Bank balances on occasion are in excess of the Federal Deposit Insurance Corporation insurance limit of \$250,000 per depositor. No losses have been incurred to date.
# 5. Net Capital Requirements
The Company is subject to the SEC Uniform Net Capital Rule (SEC Rule 15c3-1) and the Commodity Futures Trading Commission Uniform Net Capital Rule (Regulation 1.17), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1 (and the rule of the "applicable" exchange also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1). At December 31, 2025, the Company had net capital of \$365,852 which was \$265,852 in excess of its required net capital of \$100,000. The Company's net capital ratio was 0.08 to 1.
# 6. Contingencies
The Company may be subject to claims and lawsuits that arise primarily in the ordinary course of business. As of December 31, 2025, the Company was not involved in any such claims or lawsuits.
### 7. Subsequent Events
Subsequent events have been evaluated through February 27, 2026, which is the date the financial statements were available to be issued.
In February 2026, FINRA approved the change in ownership referred to in Footnote 1.
No other events have been identified which require disclosure in this financial statement.
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.