Full text of RAYMOND JAMES (USA) LTD.'s X-17A-5 filed 2025-11-28 (period 2025-09-30). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ | 8-42071 | |---------| 10/01/2024 09/30/2025 Raymond James (USA) Ltd. ■ 2100 - 925 West Georgia Street Vancouver BC Canada V6C 3L2 Christopher Lim 604-654-1539 christopher.lim@raymondjames.ca KPMG LLP 777 Dunsmuir Street Vancouver BC V7Y 1K3 May 14, 2004 085 {1}------------------------------------------------ | Christopher Lim | | | |--------------------------|---------------------------------|--| | | Raymond James (USA) Ltd. | | | 09/30<br>025 | | | | | | | | except<br>one<br>spousal | account<br>of<br>an<br>officer. | | | | | | | Christopher Lim | Digitally signed by Christopher Lim<br>Date: 2025.11.21 14:02:30 -08'00' | | |-----------------|--------------------------------------------------------------------------|--| | | | | | CFO | | | - - - - - - - - - - - - - - - - - - - - - - - - - - - {2}------------------------------------------------  **KPMG LLP** PO Box 10426 777 Dunsmuir Street Vancouver BC V7Y 1K3 Canada Telephone (604) 691-3000 Fax (604) 691-3031 ### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** The Board of Directors Raymond James (USA) Ltd.: We have reviewed management's statements, included in the accompanying Raymond James (USA) Ltd. Exemption Report (the Exemption Report), in which (1) Raymond James (USA) Ltd. (the Company) stated that it may file an Exemption Report for the period from October 1, 2024 through September 30, 2025, based on guidance received from the Securities and Exchange Commission Staff because for its institutional business: (i) the Company's items included in its reserve computations during the period from October 1, 2024 through September 30, 2025 were substantially all related to fails-to-receive and fails-to-deliver associated with RVP/DVP transactions; and (ii) the Company had not taken possession of customer funds or securities at any time during the period from October 1, 2024 through September 30, 2025; (2) the Company identified the following provisions of 17 C.F.R. §15c3-3(k) under which the Company claimed an exemption from 17 C.F.R. §240.15c3-3:(k)(2)(ii) (the "exemption provisions"); and (3) the Company stated that it met the identified exemption provisions from October 1, 2024 to September 30, 2025 except as described in its Exemption Report. The Company's management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards of the P…Read the full text as markdown