# CUTLER GROUP, LLC X-17A-5 (2023-02-27) — Broker-dealer annual report - Company: CUTLER GROUP, LLC - Form: X-17A-5 - Filed: 2023-02-27 - Period: 2022-12-31 - Accession: 0000861673-23-000001 - CIK: 861673 - File #: 8-42415 - Type: Broker-dealer - Material weakness: No - Auditor: Ryan & Juraska - Auditor location: Chicago, IL - Contact: Nader Sharabati - Phone: 4152933960 - Signed by: Nader Sharabati (CFO / FINOP) Original filing: https://www.sec.gov/Archives/edgar/data/861673/000086167323000001/CG2-FINAL-PUBLIC-22.pdf --- {0}------------------------------------------------ #### **CUTLER GROUP, LLC** **STATEMENT OF FINANCIAL CONDITION AND SUPPLEMENTAL SCHEDULES PURSUANT TO SEC RULE 17a-5(d)** **December 31, 2022 AVAILABLE FOR PUBLIC INSPECTION** {1}------------------------------------------------ # OATH OR AFFIRMATION I, Nader Sharabati, swear (or affirm), that, to the best of my knowledge and belief, the financial report pertaining to the firm of Cutler Group, LLC, as of December 31, 2022, is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivallent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. OUD SAPPRASERT O'BRIEN Notary Public - California San Francisco County Commission # 2384567 Sighature y Comm. Expires Dec 23, 2025 Chief Financial Officer Title This filing\* contains (check all applicable boxes): - [x] (a) Statement of financial condition. - [x] (b) Notes to consolidated statement of financial condition. otary Public - [ ] (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). - [ ] (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. - [x] (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. - [x] (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. - [ ] (l) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - [x] (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. - [x] (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-1, 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. - [x] (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. - [x] (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 report or 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 240.15c3-1e or 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: \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. {2}------------------------------------------------ #### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** #### **OMB APPROVAL OMB Number: 3235-0123** Expires: October 31, 2023 Estimated average burden hours per response ..........12.00 **SEC FILE NUMBER** (Area Code – Telephone No) #### **ANNUAL REPORT FORM X-17A-5 PART lll** **FACING PAGE** **Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** REPORT FOR THE PERIOD BEGINNING **01/01/22** AND ENDING **12/31/22 MM/DD/YY MM/DD/YY** ## **A. REGISTRANT IDENTIFICATION** NAME OF FIRM: #### **CUTLER GROUP, LLC.** TYPE OF REGISTRANT (check all applicable boxes): [X] **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 P.O. Box No.) | 101 Montgomery Street, Suite 700 | | | | |----------------------------------|------------|------------|--| | (No. and Street) | | | | | | | | | | San Francisco | California | 94104 | | | (City) | (State) | (Zip Code) | | #### PERSON TO CONTACT WITH REAGARD TO THIS FILING | Nader Sharabati | | (415) 293-3960 | |-----------------|--|----------------| |-----------------|--|----------------| ## **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this Filing\* ### **Ryan & Juraska, LLP, Certified Public Accountants** (Name – if individual, state last, first, middle name) | 141 West Jackson Boulevard, Suite 2250 | Chicago | Illinois | 60604 | | | |------------------------------------------------------------------------------------------------|--------------------------------------------|----------|------------|--|--| | (Address) | (City) | (State) | (Zip Code) | | | | _____3/24/2009______________________________________________________________3407______________ | | | | | | | (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 report be covered by the opinion of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis for the exemption. See 17CFR 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.** {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Members of Cutler Group, LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Cutler Group, LLC (the "Company") as of December 31, 2022, and the related notes and supplemental schedules (collectively referred to as the financial statement). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of Cutler Group, LLC as of December 31, 2022 in conformity with accounting principles generally accepted in the United States of America. ### **Basis for Opinion** This financial statement is the responsibility of Cutler Group, LLC's management. Our responsibility is to express an opinion on the Company's 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 Cutler Group, LLC 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 have served as the Company's auditor since 2001. 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. #### **Auditor's Report on Supplemental Information** The Supplemental Schedules (the "supplemental information") has been subjected to audit procedures performed in conjunction with the audit of Cutler Group, LLC's financial statement. The supplemental information is the responsibility of Cutler Group, LLC's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statement or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in 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, the Supplemental Schedules are fairly stated, in all material respects, in relation to the financial statement as a whole. Chicago, Illinois February 24, 2023 {4}------------------------------------------------ ERROR: stackunderflow OFFENDING COMMAND: exch STACK: /\_ct\_na Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.