Full text of GREAT AMERICAN INVESTORS, INC.'s X-17A-5 filed 2026-02-25 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ ## FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION YEAR ENDED DECEMBER 31, 2025 {1}------------------------------------------------ ## **NOTES TO FINANCIAL STATEMENTS** ## **DECEl\IBER 31, 2025** ## **CONTENTS** Page ## **FACING PAGE** ## **INDEPENDENT AUDITOR'S REPORT** #### **EXHIBITS:** | A | Statement of Financial Condition 2 | | |---|-------------------------------------------------|--| | B | Statement of Income 3 | | | C | Statement of Changes in Stockholder's Equity 4 | | | D | Statement of Cash Flows 5 | | | NOTES TO FINANCIAL STATEMENTS 6-9 | | | |------------------------------------|--|--| |------------------------------------|--|--| ## **SUPPLEMENTAL INFORMATION:** | Computation of net capital. 10-<br>SCHEDULE I - | 11 | | | | | |-----------------------------------------------------------------------|----|--|--|--|--| | Computation of Determination of Reserve Requirements<br>SCHEDULE II - | | | | | | | and Information Relating to Possession or Control Requirements | | | | | | | under Rule 15c3-3 12 | | | | | | | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | | | | | | | ON MANAGEMENT'S EXEMPTION REPORT 13 | | | | | | | MANAGEMENT'S EXEMPTION REPORT 14 | | | | | | {2}------------------------------------------------ ## **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** 0MB APPROVAL OMS Number: 3235~123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 > SEC FILE NUMBER 8-44380 # **ANNUAL REPORTS FORM X-17A-S PART** Ill **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 | 01/01/2025 | AND ENDING | 12/31/2025 | | | | | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|------------|------------|--|--|--|--|--| | | MM/DD/YY | | MM/DD/YY | | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | | | NAME oF FIRM: Great American Investors, Inc. | | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):<br>0 Broker-dealer<br>D Security-based swap dealer<br>D Major security-based swap participant<br>□ Check here if respondent is also an OTC derivatives dealer | | | | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | |…Read the full text as markdown