# CHIRON SECURITIES LLC X-17A-5 (2024-03-28) — Broker-dealer annual report - Company: CHIRON SECURITIES LLC - Form: X-17A-5 - Filed: 2024-03-28 - Period: 2023-12-31 - Accession: 0000884982-24-000002 - CIK: 884982 - File #: 8-44665 - Type: Broker-dealer - Material weakness: No - Auditor: Sanville & Company LLC - Auditor location: Dallas, TX - Contact: Scott W Johnson - Phone: 713-929-9081 - Email: sjohnson@chironfinance.com - Website: chironfinance.com - Signed by: Scott W Johnson (President and Managing Director) Original filing: https://www.sec.gov/Archives/edgar/data/884982/000088498224000002/2023prismauditreport-.pdf --- {0}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 ## **ANNUAL REPORTS FORM X-17A-5 PART III** SEC FILE NUMBER 8-84982 **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 01/01/23 AND END|NG 12/31/23 MM/DD/YY MM/DD/YY **A. REGISTRANT IDENTIFICATION** name OF FIRM: Chiron Securities LLC TYPE OF REGISTRANT (check all applicable boxes): S 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.) 1301 McKinney Suite 2800 (No. and Street) Houston Texas 77010 (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING Scott Johnson 713.929.9081 sjohnson@chironfinance.com (Name) (Area Code -Telephone Number) (Email Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* Sanville & Company, LLC (Name-if individual, state last, first, and middle name) 325 North Saint Paul St. Suite 3100 Dallas TX 75201 (Address) (City) (State) (Zip Code) 09/18/2003 169 (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)(l)(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}------------------------------------------------ #### **OATH OR AFFIRMATION** I, Scott Johnson , swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Chiron Securities llc z as of 12/31 f 2 023 ,is true and correct. Ifurther swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely ![](_page_1_Picture_3.jpeg) | Signature: | | |------------|--| | Title: | | | President | | #### **This filing\*\* contains (check all applicable boxes):** - **B** (a) Statement of financial condition. - (b) Notes to consolidated statement of financial condition. - **B** (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). - **B** (d) Statement of cash flows. - **B** (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - (f) Statement of changes in liabilities subordinated to claims of creditors. - **B** (g) Notes to consolidated financial statements. - **B** (h) Computation of net capital under 17 CFR 240.15c3-l or 17 CFR 240.18a-l, as applicable. - (i) Computation of tangible net worth under 17 CFR 240.18a-2. - **B** (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. - (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - **B** (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. - **B** (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-l, 17 CFR 240.18a-l, 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. - **B** (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. - **B** (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - (t) Independent public accountant's report based on an examination of the statement of financial condition. - **B** (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. - **B** (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-le or 17 CFR 240.17a-12, as applicable. - (y) Report describing any material inadequacies found to exist or 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}------------------------------------------------ # **CHIRON SECURITIES LLC** **FINANCIAL REPORT** **DECEMBER 31, 2023** {3}------------------------------------------------ # **CONTENTS** | | Page | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------| | REPORT
OF
INDEPENDENT
REGISTERED
PUBLIC
ACCOUNTING
FIRM | 1 | | FINANCIAL
STATEMENTS | | | of
Statement
Financial
Condition | 3 | | of
Statement
Operations | 4 | | of
Statement
Changes
in
Member's
Equity | 5 | | of
Statement
Cash
Flows | 6 | | Notes
to
Financial
Statements | 7-9 | | SUPPLEMENTAL
INFORMATION | | | Schedule
I:
Computation
of
Net
Capital,
Aggregate
Indebtedness,
and
Ratio
of
Aggregate
Indebtedness
Net
under
Rule15c3-1
to
Capital
11 | -12 | | Schedule
II
&
III:
Computation
for
Determination
of
Reserve
Under
Rule
Requirements
15c3-3
and
Relating
Information
to
the
or
Control
Requirements
Under
Possession
SEC
Rule
15c3-3 | 13 | | EXEMPTION
REPORT | | | Report
of
Independent
Registered
Public
Accounting
Firm | 14 | | Exemption
Report | 15 | | | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### **Report of Independent Registered Public Accounting Firm** To the Member and Those Charged With Governance of Chiron Securities LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Chiron Securities LLC (the Company) as of December 31, 2023, the related statements of operations, changes in member's equity, and cash flows for the year then ended, and the related notes to the financial statements (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements 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 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 statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, 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 statements. 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 statements. We believe that our audit provides a reasonable basis for our opinion. #### **Supplemental Information** The supplementary information contained in The Schedule I, Computation of Net Capital Under SEC Rule 15c3-1, Schedule II, Computation for Determination of Reserve Requirements Under Rule SEC 15c3-3 and Schedule III, Information Relating to the Possession or Control Requirements Under SEC Rule 15c3-3 have been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the > 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214.738.1998 {5}------------------------------------------------ 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 supplementary information contained in the Schedule I, Computation of Net Capital Under SEC Rule 15c3- 1, Schedule II, Computation for Determination of Reserve Requirements Under SEC Rule 15c3-3 and Schedule III, Information Relating to the Possession or Control Requirements Under SEC Rule 15c3-3 are fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the Company's auditor since 2019. Dallas, Texas March 25, 2024 {6}------------------------------------------------ #### **CHIRON SECURITIES LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2023** | ASSETS | | | |-------------------------------|--------------------------|-------------| | | Cash | \$
6,319 | | | | | | | TOTAL ASSETS | \$
6,319 | | LIABILITIES &
EQUITY | | | | LIABILITIES | | | | | TOTAL LIABILITIES | \$
— | | EQUITY | | | | | TOTAL MEMBER'S
EQUITY | \$
6,319 | | TOTAL LIABILITIES &
EQUITY | | \$
6,319 | The accompanying notes are an integral part of these financial statements. {7}------------------------------------------------ #### **CHIRON SECURITIES LLC STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2023** | REVENUES | | |--------------------|----------------| | Total revenues | | | OPERATING EXPENSES | | | Regulatory fees | 9,449 | | Accounting | 6,000 | | Insurance | 862 | | Professional fees | 11,889 | | Total
expenses | 28,200 | | NET LOSS | \$
(28,200) | The accompany notes are an integral part of these financial statements. {8}------------------------------------------------ #### **CHIRON SECURITIES LLC STATEMENT OF CHANGES IN MEMBER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2023** | BALANCE, December 31, 2022 | \$ 14,519 | |----------------------------|-------------| | Contributions | 20,000 | | Net Loss | (28,200) | | BALANCE, December 31, 2023 | 6,319
\$ | The accompany notes are an integral part of these financial statements. {9}------------------------------------------------ | CASH FLOWS FROM OPERATING ACTIVITIES | | | |----------------------------------------------------------------------|----|----------| | Net
loss | | (28,200) | | to
loss to
Adjustments
reconcile net
net
cash used in | | | | operating
activities: | | | | Decrease in
advance to
owner | | 1,000 | | -
Decrease in accounts
payable
related
party | | (7,016) | | Net
cash used in operating activities | | (34,216) | | | | | | CASH FLOWS FROM FINANCING ACTIVITIES | | | | Contributions | | 20,000 | | Net
cash provided by financing activities | \$ | 20,000 | | Decrease in cash | \$ | (14,216) | | | | | | CASH, beginning of period | | 20,535 | | | | | | CASH, end of period | \$ | 6,319 | 6 The accompany notes are an integral part of these financial statements. {10}------------------------------------------------ ## **NOTE 1. ORGANIZATION AND OPERATIONS** Weisser, Johnson & Co. Capital Corporation was organized on January 10, 1992 under the laws of the State of Delaware to engage solely in the business of a registered broker dealer. In February 2003, the Company converted to Weisser Johnson Capital LP, a limited partnership, and in December 2009 the Company converted to Weisser Johnson Capital LLC (the Company). In November 2015, the name of the Company was changed to Leecam Advisors LLC and in October 2016 the name of the Company was changed to Chiron Capital LLC. In December of 2018 the name of the Company was changed to Chiron Securities LLC. The Company is a registered broker dealer with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA). The Company operates in Houston, Texas brokering private placement investments to a select group of institutional investors. ### **NOTE 2. SIGNIFICANT ACCOUNTING POLICIES** This summary of significant accounting policies of the Company is presented to assist in understanding the financial statements. The financial statements and notes are representations of management, who are responsible for their integrity and objectivity. These accounting policies reflect industry practices, conform to accounting principles generally accepted in the United States of America, and have been consistently applied inthe preparation of the financial statements. The followingitems comprisethe significant accounting policies of the Company. #### **Revenues** Revenues are recognized at the date of funding, which typically occurs in conjunction with the brokered deal. #### **Income Taxes** The Company is treated as a flow-through entity for income tax purposes. As a result, the net taxable income of the Company and any related tax credits, for federal income tax purposes, are deemed to pass to the individual members and are included in their personal tax returns even though such net taxable income or tax credits may not actually have been distributed. Accordingly, no tax provision has been made in the financial statements since income tax is a personal obligation of the individual members. The Company recognizes and measures its unrecognized tax benefits in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740, *Income Taxes.* FASB ASC 740 provides guidance on derecognition, measurement and classification of amounts relating to uncertain tax positions, accounting for and disclosure of interest and penalties, and disclosures relating to the adoption of the accounting standard. As of December 31, 2023, the Company believes there are no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. {11}------------------------------------------------ ## **NOTE 2. SIGNIFICANT ACCOUNTING POLICIES - CONTINUED** The Company recognizes interest and penalties on state income taxes in the statement of operations. For theyear ended December 31, 2023, the Company hadno interest or penalties on state income taxes. The Company's tax years 2019 through the present remain subject to examination by major tax jurisdictions. #### **Use of Estimates** The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. ### **NOTE 3. NET CAPITAL REQUIREMENTS** The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC rule 15c3-1), 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. As of December 31, 2023, the Company's aggregate indebtedness to net capital ratio was 0.00 to 1 and its net capital was \$6,319, which is more than the minimum net capital required of \$5,000. ## **NOTE 4. LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS** During the year ended December 31, 2023, there were no liabilities subordinatedto the claims of general creditors. Accordingly, a statement of changes in liabilities subordinated to claims of general creditors has not been included in these financial statements. ## **NOTE 5. Commitments and Contingencies** The Company does not have any commitments, guarantees or contingencies. The Company is not aware of any threats or other circumstances that may lead to the assertion of a claim at a future date. {12}------------------------------------------------ # **SUPPLEMENTAL INFORMATION** {13}------------------------------------------------ #### **SCHEDULE I CHIRON SECURITIES LLC COMPUTATION OF NET CAPITAL UNDER RULE 15C3-1 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31, 2023** | OF
COMPUTATION
NET
CAPITAL
Total
members'
equity
qualified
for
net
capital | \$
6,319 | |------------------------------------------------------------------------------------------------------------|-------------| | Add:
Other
deductions
or
allowable
credits | | | Total
capital
and
allowable
subordinated
liabilities | 6,319 | | Net
capital
before
haircuts
on
securities
positions | 6,319 | | Haircuts
on
securities
(computed,
where
applicable,
to
15c3-1(f))
pursuant
Rule | | | Net
capital | 6,319
\$ | | AGGREGATE
INDEBTEDNESS | | | Items
included
in
statement
of
financial
condition: | | | Total
aggregate
indebtedness | | {14}------------------------------------------------ #### **SCHEDULE I - CONTINUED CHIRON SECURITIES LLC COMPUTATION OF NET CAPITAL UNDER RULE 15C3-1 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31, 2023** #### **COMPUTATION OF BASIC NET CAPITAL REQUIREMENT** | Minimum
net
capital
required
(6
of
2/3%
total
aggregate
indebtedness) | \$ | |-------------------------------------------------------------------------------------------------------------------|----------------| | Minimum
dollar
net
capital
of
requirement
reporting
broker
or
dealer | \$
5,000 | | capital
Net
requirement
(greater
of
above
two
minimum
requirement
amounts) | \$
5.000 | | Net
capital
in
excess
of
required
minimum | \$
1,319 | | Excess
net
capital
1000%
at | \$
319 | | Ratio:
Aggregate
capital
indebtedness
to
net
RECONCILIATION
WITH
COMPANY'S
COMPUTATION | 0.0
to
1 | There were no differences in the computation of net capital under Rule 15c3-1 from the Company's computation. {15}------------------------------------------------ #### **SCHEDULE II & III CHIRON SECURITIES LCC COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 AND INFORMATION RELATING TO POSSESSION OR CONTROL REQUIREMENTS UNDER SEC RULE 15c3-3** The Company does not claim an exemption from SEA Rule 15c3-3, in reliance on footnote 74 to SEC Release 34-70073, and as discussedin Q&A 8 of the related FAQ issued by SEC staff. The Company does not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers and (3) does not carry PAB accounts. {16}------------------------------------------------ ![](_page_16_Picture_0.jpeg) #### **Report of Independent Registered Public Accounting Firm** To the Member and Those Charged With Governance of Chiron Securities LLC We have reviewed management's statements, included in the accompanying Exemption Report, in which Chiron Securities LLC (the Company) stated that: - 1. The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240.15c3-3; - 2. The Company is filing an Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to (1) private placement of securities exclusively with accredited and institutional investors (2) mergers and acquisitions and related advisory services throughout the most recent fiscal year; and - 3. The Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers (other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of 17 C.F.R. § 240.15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry proprietary accounts of broker-dealers (as defined in 17 C.F.R. § 240.15c3-3) throughout the most recent fiscal year without exception. The Company's management is responsible for its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence that the Company limited its business activities exclusively to (1) private placement of securities exclusively with accredited and institutional investors (2) mergers and acquisitions and related advisory services and (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers (other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of 17 C.F.R. § 240.15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry proprietary accounts of broker-dealers (as defined in 17 C.F.R. § 240.15c3-3) throughout the most recent fiscal year without exception. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in ail material respects, based on the provisions set forth in 17 C.F.R. § 240.17a-5. Dallas, Texas March 25, 2024 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214.738.1998 {17}------------------------------------------------ #### **Chiron Securities LLC Exemption Report** Chiron Securities LLC (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. §240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following: (1) The Company is considered "Non-Covered Firm" exempt from 17 C.F.R. §240.15c3-3 and is filing an Exemption Report relying on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff. The Company limits its business activities exclusively to: (1) private placement of securities and (2) general merger and acquisition and investment banking advisory services. (2) The Company (1) didnot directly or indirectly receive, hold or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3), throughout the most recent fiscal year without exception. I, Scott Johnson, swear (or affirm) that, to my best knowledge and belief, this exemption report is true and correct. Regards, Scott W. Johnson Managing Director Date of Report: March 12, 2024 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.