# REGIONAL BROKERS, INC. X-17A-5 (2026-04-13) — Broker-dealer annual report - Company: REGIONAL BROKERS, INC. - Form: X-17A-5 - Filed: 2026-04-13 - Period: 2025-12-01 - Accession: 0000888551-26-000004 - CIK: 888551 - File #: 8-44907 - Type: Broker-dealer - Material weakness: No - Auditor: R W Group LLC - Auditor location: Landenberg, PA - Contact: Howard Armstrong - Phone: 610-996-8904 - Email: tboccella@regionalbrokers.com - Website: regionalbrokers.com - Signed by: Howard Deane Armstdrong (CCO) Original filing: https://www.sec.gov/Archives/edgar/data/888551/000088855126000004/rbiindaud2025_3.pdf --- {0}------------------------------------------------ | | UNITED STATES | | | | | |---------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|-------------------------------|--|--| | | SECURITIES AND EXCHANGE COMMISSION | 0MB Number. 3235-0123
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hours per response: 12 | | | | | | | SEC FILE NUMBER | | | | | | FORM X-17A-5 | | | | | | | PART Ill | | | | | | FILING FOR THE PERIOD BEGINNING 01/01/2025 | FACING PAGE
Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | AND ENDING 12/31/2025 | MM/DD/YY | | | | | MM/DD/YY | | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | NAME oF FIRM: Regional Brokers, Inc | | | | | | | 0 Broker-dealer
D Check here if respondent is also an OTC derivatives dealer | □ Security-based swap dealer
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | □ Major security-based swap participant | | | | | 2510 Lockleigh Rd | | | | | | | | (No. and Street) | | | | | | Jamison | PA | | 18929 | | | | (dty) | (State) | | (Zip Code) | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Anthony Boccella | 215-979-8960 | | tboccella@regionalbrokers.com | | | | (Name) | (Area Code-Telephone Number) | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | RW Group LLC | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | (Name-if individual, state last; first, and middle name) | | | | | | 114 Cambridge Rd | Landen berg | PA | 19350 | | | | (Address) | (dty) | (State) | (Zip Code) | | | | 2/23/2010 | | 5020 | | | | | (Date of Re istration with PCAOB if a | licable
FOR OFFICIAL USE ONLY | PCAOB Re ·stration Number if a | licable | | | • daims 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-S(e)(1)lii), if applicable. **Persons who are to respond to the collection of Information contained** In **this form ere not required to respond unless the** form **displays a currently valid 0MB control number.** {1}------------------------------------------------ #### OATH OR AFFIRMATION | I, Anthony Boccella | | | swear (or affirm) that, to the best of my knowledge and belief, the | | | |---------------------|------------------------------------------------------------------|----|-----------------------------------------------------------------------------------|-------|--| | | financial report pertaining to the firm of Regional Brokers, Inc | | | as of | | | 3/12 | | 2~ | is true and correct. I further 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 **as that of a customer.** **Title:** CFO **This filing•• contains (check all applicable boxes):** - ii (a) Statement offinancial condition. - D (b) Notes to consolidated statement of financial condition. - iii {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). - Iii!! (d) Statement of cash flows. - Iii!! (e) Statement of changes in stockholders' or partners' or sole prpprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors, - Iii!! (g) Notes to consolidated financial statements. - ii (h) Computation of net capital under 17 CFR 240.1Sc3-1 or 17 CFR 240.18a-1, as applicable. - D (i) Computation of tangible net worth under 17 CFR 240.18a~2. - D U) Computation for determination of customer reserve requirements pursuantto Exhibit A to 17 CFR 240.15c3-3. - D (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit 8 to 17 CFR 240.1Sc3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.1Sc3-3. - D (m) Information relating to possession or control requirements for customers \_under 17 CFR 240.1Sc3-3. - D (n) Information relating to possession or control requirements for security-based swap customers unc,ler 17 CFR 240.1Sc3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - D (o) Reconciliations, including appropriate explanations, of th~ FOCUS Report with computation of net capital ortangible net worth under 17 CFR 240.1Sc3-1, 17 CFR 240.lBa-1, or 17 CFR 240.18a-2, as applicable, ,!nd the reserve requirements under 17 CFR 240.1Sc3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - Iii!! (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. - 0 (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-1, as applicable. - Iii!! (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-1, as applicable. - 0 (t) Independent public accountant's report based on an examination of the statement of financial condition. - Iii!! (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 .. - D (v) Independent public accountant's report based on an examination of certain statements intl:le compliance report u\_nder 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. - 0 (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.1Sc3-1e 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). D (z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e}{3) or 17 CFR 240.1Ba-7{d){2), as applicable. {2}------------------------------------------------ ![](_page_2_Picture_0.jpeg) #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Board of Directors and Shareholders of Regional Brokers, Inc. #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Regional Brokers, Inc., as of December 31, 2025, and the related statements of income, changes in stockholder's equity, and cash flows for the year ended December 31, 2025 and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Regional Brokers, Inc. as of December 31, 2025, and the results of its operations and its cash flows for the year ended December 31, 2025 in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** These financial statements are the responsibility of Regional Brokers, lnc.'s management. Our responsibility is to express an opinion on Regional Brokers, lnc.' 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 Regional Brokers, Inc. 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 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 . 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 schedule of general and administration expenses, computation of net capital under Rule 15c3-1 of the Securities and Exchange Commission has been subjected to audit procedures performed in conjunction with the audit of Regional Brokers, lnc.'s financial statements. The supplemental information is the responsibility of Regional Brokers, lnc.' 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 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 schedule of general and administration expenses and the computation of net capital pursuant to Rule 15c3-1 of the Securities and Exchange Commission are fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as Regional Brokers, lnc.' s auditor since 2024. Landenberg, Pennsylvania March 11, 2026 {3}------------------------------------------------ {4}------------------------------------------------ #### **REGIONAL BROKERS, INC. December 31, 2025** #### **Table of Contents** | Financial Statements | | |-------------------------------------------------------------------------------------------|------------| | Statement of Financial Condition | | | Statement oflncome | 2 | | Statement of Changes in Stockholders' Equity | 3 | | Statement of Cash Flows | 4 | | Notes to Financial Statements | 5 -
8 | | Supplementary Information | | | Schedule of General and Administrative Expenses | 9 | | Computation of Net Capital Under Rule 15c3-l of the Securities
and Exchange Commission | 10 -
11 | {5}------------------------------------------------ # **REGIONAL BROKERS, INC. Statement of Financial Condition December 31, 2025** #### **Assets** | Cash | \$
65,980 | |---------------------------------------------------------------|---------------| | Cash -
Deposits with Clearing Broker | 105,825 | | Furniture and Equipment -
Net of Accumulated Depreciation | | | 2025 \$141
,678 | 1,356 | | Total Assets | \$
173,161 | | Liabilities and Stockholders' Equity | | | Liabilities | | | Accounts Payable and Accrued Expenses | \$
875 | | Stockholders' Equity | | | Common Stock -
No Par Value; Stated Value \$500 per Share, | | | 10,000 Shares Authorized, 1,015 Shares Issued and 339 | | | Shares Outstanding at December 31
, 2025 | 507,500 | | Additional Paid-In Capital | 30,574 | | Retained Earnings | 145,893 | | Less Treasury Stock -
676 Shares, at Cost | | | at December 31
, 2025 | (511
,681) | | Total Stockholders' Equity | 172,286 | | Total Liabilities and Stockholders' Equity | \$
173,161 | {6}------------------------------------------------ # **REGIONAL BROKERS, INC. Statement of Income Year Ended December 31, 2025** | Income | | |-------------------------------------------------------|-----------------| | Institutional Commissions | \$
456,694 | | Retail Commissions | 76,746 | | Gross Income | 533,440 | | | | | Operating Expenses | | | Clearing Fees | 72,077 | | Depreciation | 134 | | Employee Benefits | 57,128 | | Payroll Taxes | 22,430 | | Regulatory Fees | 31 ,536 | | Salaries | 246,464 | | Telephone | 4,464 | | Trading Software Expense | 26,145 | | Total Operating Expenses | 460,378 | | General and Administrative Expenses | 329,797 | | Loss from Operations | (256,735) | | Other Income (Expense) | | | Dividend Income | 180 | | Interest Income | 965 | | Miscellaneous Income | 4,933 | | Unrealized and Realized Gain (Loss) on Marketable and | | | Nonmarketable Securities | 1,467 | | Total Other Income (Expense) | 7,545 | | Net Loss | \$
(249,190) | {7}------------------------------------------------ # **REGIONAL BROKERS, INC. Statement of Changes in Stockholders' Equity Year Ended December 31, 2025** | | Common
Stock | Additional
Paid-In
Capital | Retained
Earnings | Treasury
Stock | - | Total | |------------------------------------|-----------------|----------------------------------|----------------------|-------------------|----|-----------| | Balance -
December 31
, 2024 | \$
507,500 | \$
30,574 | \$
395,083 | \$
(509,681) | \$ | 423,476 | | Purchase of Company Common Stock | | | | (2,000) | | (2,000) | | Net Loss | | | (249,190) | | | (249,190) | | Balance -
December 31, 2025 | \$
507,500 | \$
30,574 | \$
145,893 | \$
(511,681) | \$ | 172,286 | {8}------------------------------------------------ # **REGIONAL BROKERS, INC. Statement of Cash Flows Year Ended December 31, 2025** | Cash Flows from Operating Activities | | |-------------------------------------------------------|-----------------| | Net Loss | \$
(249,190) | | Adjustments to Reconcile Net Loss to | | | Net Cash Used in Operating Activities | | | Depreciation | 134 | | Unrealized and Realized (Gain) Loss on Marketable and | | | Nonmarketable Securities | (1 ,467) | | Decrease in | | | Commissions Receivable -
Clearing Broker | 93,033 | | Prepaid Expenses | 23,000 | | Increase (Decrease) in | | | Accounts Payable and Accrued Expenses | (44,088) | | Net Cash Used in Operating Activities | (178,578) | | Cash Flows from Investing Activities | | | Proceeds from Sale of Marketable Securities | 59,450 | | Cash Flows from Financing Activities | | | Purchase of Company Common Stock | (2,000) | | Net Decrease in Cash | (121,128) | | Cash | | | Beginning | 292,933 | | Ending | \$
171,805 | {9}------------------------------------------------ # **1. BUSINESS ACTIVITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** # **Business Activity** Regional Brokers, Inc. (the "Company") incorporated under the laws of the Commonwealth of Pennsylvania on May 18, 1992, and is registered with the Securities and Exchange Commission as a Municipal Securities Broker/Dealer as defined in Rule l 5c3-l (k)(2)(ii) under the Securities Exchange Act of 1934. A municipal securities broker/dealer acts as an undisclosed agent in the purchase or sale of municipal securities for a registered broker or dealer or registered municipal securities dealer, has no "customers" as defined in SEC Reg. §240.15c3-l and may effect transactions on its own behalf. The Company's customers are located mostly in the Northeast Region of the United States. #### **Single Reportable Segment** The Company is engaged in a single line of business as a municipal securities broker/dealer, which is comprised of agency transactions in the purchase or sale of municipal securities for registered brokers or dealers or registered municipal securities dealers. The Company has identified its Chief Financial Officer as the chief operating decision maker (CODM), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 5), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay dividends. The Company's operations constitute a single operating segment and therefore, a single reporting segment, because the CODM manages the business activities using information of the Company as whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. The Company derived 29% of its total revenue from two external customers in 2025. ## **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 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. ## **Cash** Cash consisted of funds held in checking and money market accounts. ## **Commissions Receivable** The Company's receivables from clearing organizations include amounts receivable from settled and unsettled trades. The Company's trades are cleared through a clearing organization and settled daily between the clearing organization and the Company. Because of this daily settlement, the amount of credit exposures is limited to the amount owed the Company for a short period of time. The Company continually reviews the credit quality of its counterparties. Under the current expected credit loss model, no allowance was established at December 31 , 2025. Commissions receivable amounted to \$93,033 as of January 1, 2025. {10}------------------------------------------------ ## **1. BUSINESS ACTIVITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)** ## **Marketable Securities** The Company's marketable securities investments that are bought and held principally for the purpose of selling them in the near term are classified as trading securities. Trading securities are recorded at fair value on the statement of financial position in assets, with the change in fair value during the period included in earnmgs. ## **Furniture and Equipment** Furniture and equipment are stated at cost. Maintenance, repairs and minor renewals are charged to operations as incurred. Depreciation is provided over the estimated useful lives of the assets on an accelerated method. The estimated useful lives of the various classes of assets are as follows: | Classifications | Years | |------------------------|-------| | Furniture and Fixtures | 5-7 | | Computer Equipment | 3-5 | #### **Investment in Nonmarketable Securities** Investment in companies in which the Company has less than 20% interest are carried at cost. Dividends received from those companies are included in other income. Dividends received in excess of the Company's proportionate share of accumulated earnings are applied as a reduction of the cost of the investment. #### **Brokerage Commissions** The Company buys and sells securities on behalf of its customers. Each time a customer enters into a buy or sell transaction, the Company charges a commission. Commissions and related clearing expenses are recorded on the trade date (the date that the Company fills the trade order by finding and contracting with a counterparty and confirms the trade with the customer). The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer. #### **Advertising Costs** The Company expenses advertising costs as incurred. There were no advertising costs for the year ended December 31 , 2025. #### **Income Taxes** The stockholders have elected for the Company to be an S corporation for federal and state income tax purposes. Profits or losses pass through to the stockholders to be included in their individual income tax returns. Therefore, no provision or liability for federal and state income taxes is required. The federal income tax returns of the Company for the last three years are subject to examination by the federal, state and local taxing jurisdictions, generally for three years after they were filed. {11}------------------------------------------------ #### **2. FURNITURE AND EQUIPMENT** | Furniture and Fixtures | \$ | 43,148 | |-------------------------------|-----------|---------| | Computer Equipment | | 99,886 | | Total | | 143,034 | | Less Accumulated Depreciation | (141,678) | | | | | | | Total Furniture and Equipment | \$ | 1,356 | # **3. LINE OF CREDIT** The Company has a \$200,000 bank line of credit agreement. The credit agreement may be renewed annually at the bank's discretion and is collateralized by the assets of the Company. Interest on borrowings is at a fluctuating rate per annum equal to the bank's prime rate plus 0.5% (7.25% at December 31 , 2025). There were no borrowings under the line of credit agreement at December 31 , 2025. The line of credit includes various financial covenants, as defined, that are required to be maintained throughout the term of the agreement. The Company met all of the financial covenants at December 31 , 2025. ## **4. CAPITAL REQUIREMENTS** The Company is subject to the SEC Uniform Net Capital Rule (SEC Rule 15c3-l), 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's "aggregate indebtedness" was \$875 and "net capital" was \$170,930. At December 31 , 2025, its ratio of aggregate indebtedness to net capital was .01 to 1. Net capital exceeded minimum capital requirements by \$70,930 at December 31 , 2025. # **5. PROFIT SHARING PLAN** The Company maintains a defined contribution 40l(k) profit sharing plan covering substantially all full-time employees. The Company discretionary contribution is based on 3 % of an eligible employee's compensation. The were no Company contributions to the plan for the year ended December 31 , 2025. {12}------------------------------------------------ # **6. CONCENTRATION OF CREDIT RISK** The Company maintains cash balances at several financial institutions. Accounts at each institution are insured by the Federal Deposit Insurance Corporation up to \$250,000. As of December 31 , 2025, there was no cash balances in excess of FDIC insurance. The Company has not experienced any losses in such accounts. ## **7. SUBSEQUENT EVENTS** In preparing these financial statements, management has evaluated events and transactions for potential recognition or disclosure through March 11 , 2026, the date the financial statements were available to be issued. {13}------------------------------------------------ # **REGIONAL BROKERS, INC. Schedule of General and Administrative Expenses Year Ended December 31, 2025** | Dues and Subscriptions | \$
77,805 | |-------------------------------------------|---------------| | Insurance | 3,764 | | Internet Expense | 5,567 | | Legal and Accounting Fees | 36,525 | | Office Expense | 4,128 | | Office Supplies | 1,441 | | Other Taxes | 1,000 | | Payroll Taxes | 11 ,582 | | Repairs and Maintenance | 27,766 | | Salaries | 155,758 | | Travel and Entertainment | 4,461 | | Total General and Administrative Expenses | \$
329,797 | {14}------------------------------------------------ # **REGIONAL BROKERS, INC. Computation of Net Capital U oder Rule 15c3-1 of the Securities and Exchange Commission December 31, 2025** | Net Capital | | |-----------------------------------------------------|---------------| | Total Stockholders' Equity | \$
172,286 | | Deductions and/or Charges: | | | Nonallowable Assets | | | Furniture and Equipment | (1 ,356) | | Net Capital Before Haircuts on Securities Positions | 170,930 | | Haircut on Securities | | | Net Capital | \$
170,930 | | Aggregate Indebtedness | | | Items Included in Statement of Financial Position | | | Accounts Payable and Accrued Expenses | \$
875 | | Total Aggregate Indebtedness | \$
875 | {15}------------------------------------------------ # **REGIONAL BROKERS, INC. Computation of Net Capital U oder Rule 15c3-1 of the Securities and Exchange Commission December 31, 2025** #### (Continued) | Computation of Basic Net Capital Requirement | | |---------------------------------------------------------------------------|---------------| | Minimum Net Capital Required by Company | \$
100,000 | | Excess Net Capital | \$
70,930 | | Excess Net Capital at 1000% | \$
50,930 | | Ratio -
Aggregate Indebtedness to Net Capital | .01 to 1 | | Net Capital as Reported in Company's Part IIA
(Unaudited) Focus Report | \$
170,930 | | Net Audit Adjustments | | | Net Capital | \$
170,930 | {16}------------------------------------------------ # EXEMPTION REPORT FOR SEC RULE 15c3-3 Regional Brokers, Inc. (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)(l) and (4). To the best of its knowledge and belief, the Company states the following: • The Company claimed the exemption set forth in paragraph (k)(2)(ii) of Rule 15c3-3 under the Securities Exchange Act of 1934 for the year ended December 31, 2025. • Regional Brokers, Inc. met the exemption provisions of Rule 15c3-3 (k)(2)(ii) during the year ended December 31, 2025 without exception. Regional Brokers, Inc. I, Anthony Boccella, swear that, to my best knowledge and belief, this Exemption Report is true and correct. Regional Brokers, Inc. I, Anthony Boccella, swear that, to my best knowledge and belief, this Exemption Report is true and correct. AntJumy B~ Name and Title 2/27/2026 Date {17}------------------------------------------------ ![](_page_17_Picture_0.jpeg) #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Board of Directors and Shareholders of Regional Brokers, Inc. We have reviewed management's statements, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 15c3-3, in which (1) Regional Brokers, Inc. (the Company) identified the following provisions of 17 C.F. R. §240.15c3-3(k), under which the Company claimed an exemption from 17 C.F.R. §240.15c3-3(k)(2)(ii) (the "exemption provision" ) and (2) the Company stated that the Company met the identified exemption provisions throughout the most recent fiscal year without exception. Regional Brokers, lnc.'s management is responsible for compliance with the exemption provisions and 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 about Regional Brokers, lnc.'s compliance with the exemption provisions. 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 all material respects, based on the provisions set forth in paragraph (k)(2)(ii) of Rule 15c3-3 under the Securities Exchange Act of 1934. Landenberg, Pennsylvania March 11, 2026 {18}------------------------------------------------ ![](_page_18_Picture_0.jpeg) # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTING FIRM ON APPLYING AGREED-UPON PROCEDURES** To the Board of Directors and Shareholders of Regional Brokers, Inc. We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection Corporation (SIPC) Series 600 Rules, which are enumerated below on the accompanying General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2025. Management of Regional Brokers, Inc. (the Company) is responsible for its Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7. Management of the Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting you and SIPC in evaluating the Company's compliance with the applicable instructions on Form SIPC-7 for the year ended December 31, 2025. Additionally, SIPC has agreed to and acknowledged that the procedures performed are appropriate for their intended purpose. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures we performed and our associated findings are as follows: - 1) Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement records entries, noting no differences; - 2) Compared the Total Revenue amounts reported on the Annual Audited Report Form X-17A-5 Part **Ill** for the year ended December 31, 2025 with the Total Revenue amount reported in Form SIPC-7 for the year ended December 31, 2025, noting no differences; - 3) Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences; - 4) Recalculated the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences; and - 5) Compared the amount of any overpayment applied to the current assessment with the Form SIPC-7 on which it was originally computed, noting no differences. In performing these procedures, management of the Company and SIPC have agreed that only differences which exceed \$25 for procedures 2 and 3, and \$1 for procedures 1, 4 and 5 are deemed to be exceptions. As agreed to in our engagement letter with the Company, exceptions at or below this threshold were not considered findings for the purpose of this report. {19}------------------------------------------------ ![](_page_19_Picture_0.jpeg) We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the AICPA and in accordance with the standards of the Public Company Accounting Oversight Board (United States). We were not engaged to and did not conduct an examination or a review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the Company's Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7 for the year ended December 31, 2025. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement. This report is intended solely for the information and use of the Company and SIPC and is not intended to be and should not be used by anyone other than these specified parties. wqcf ~ Landenberg, PA March 11, 2026 {20}------------------------------------------------ #### **GENERALASSESSMENTFORM** For the fiscal year ended 12/31/2025 | | Determination of "SIPC NET Operating Revenues" and General Assessment for:
MEMBER NAME
REGIONAL BROKERS INC | SEC No. | | |---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------|---------------| | | 1/1/2025
and ending
For the fiscal period beginning | 8-44907
12/31/2025 | | | | | | | | 1 | Total Revenue (FOCUS Report - Statement of Income (Loss)-
Code 4030) | | \$ 540,983.00 | | 2 | Additions: | | | | | a Total revenues from the securities business of subsidiaries (except foreign
subsidiaries) and predecessors not included above. | | | | | b Net loss from principal transactions in securities in trading accounts. | | | | | c Net loss from principal transactions in commodities in trading accounts. | | | | | d Interest and dividend expense deducted in determining item 1. | | | | | e Net loss from management of or participation in the underwriting or
distribution of securities. | | | | | f Expenses other than advertising, printing, registration fees and legal fees
deducted in determining net profit management of or participation in
underwriting or distribution of securities. | | | | | g Net loss from securities in investment accounts. | | | | | h Add lines 2a through 2g. This is your total additions. | | \$ 0.00 | | 3 | Add lines 1 and 2h | | \$ 540,983.00 | | 4 | Deductions: | | | | | a Revenues from the distribution of shares of a registered open end investment
company or unit investment trust, from the sale of variable annuities, from the
business of insurance, from investment advisory services rendered to
registered investment companies or insurance company separate accounts
and from transactions in security futures products. | | | | | b Revenues from commodity transactions. | | | | | c Commissions, floor brokerage and clearance paid to other SIPC members
in connection with securities transactions. | \$72,077.00 | | | | d Reimbursements for postage in connection with proxy solicitations. | | | | | e Net gain from securities in investment accounts. | | | | | f 100% commissions and markups earned from transactions in (I) certificates
of deposit and (ii) Treasury bills, bankers acceptances or commercial paper
that mature nine months or less from issuance date. | | | | | g Direct expenses of printing, advertising, and legal fees incurred in connection
with other revenue related to the securities business (revenue defined by
Section 16(9)(L) of the Act). | | | | | h Other revenue not related either directly or indirectly to the securities business.
Deductions in excess of \$100,000 require documentation | | | | 5 | a Total interest and dividend expense (FOCUS Report - Statement
of Income (Loss)- Code 4075 plus line 2d above) but
not in excess of total interest and dividend income | | | | | b 40% of margin interest earned on customers securities accounts
(40% of FOCUS Report- Statement of Income (Loss)-
Code 3960) | | | | | c Enter the greater of line Sa or Sb | \$ 0.00 | | | 6 | Add lines 4a through 4h and Sc. This is your total deductions. | | \$72,077.00 | {21}------------------------------------------------ | SECURITIES INVESTOR PROTECTION CORPORATION | | | | SIPC-7
37 REV 0722 | | |--------------------------------------------|---------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------|--| | | | | | | | | | | 12/31/2025 | | | | | | | | | \$ 468,906.00 | | | | | | | \$ 703.00 | | | | | | | \$ 0.00 | | | | | | \$ 700.00 | | | | | | \$ 0.00
\$ 0.00
\$ 700.00 | \$ 700.00 | | | | | | | | \$ 700.00 | | | | | | \$ 703.00
\$ 0.00
\$ 700.00 | \$ 3.00 | | | | O | | | \$ 0.00 | | | | | | | \$ 3.00 | | | | | | | \$ 0.00 | | | | REGIONAL BROKERS INC
2510 LOCKLEIGH ROAD
JAMISON, PA 18929 | FYE
2025 | Month
Dec | | | | | 37 REV 0722
SEC No.
8-44907
MEMBER NAME
MAILING ADDRESS | Current overpayment/credit balance, if any
General assessment from last filed 2025 SIPC-6 or 6A
a Overpayment(s) applied on all 2025 SIPC-6 and 6A(s)
b Any other overpayments applied
c All payments applied for 2025 SIPC-6 and 6A(s)
d Add lines 11a through 11c
LESSER of line 10 or 11d.
13 a Amount from line 8
b Amount from line 9
c Amount from line 12
Interest (see instructions) for
Amount you owe SIPC. Add lines 13d and 14.
Overpayment/credit carried forward (if applicable)
Designated Examining Authority
DEA: FINRA | GENERAL ASSESSMENT FORM
For the fiscal year ended
Subtract line 6 from line 3. This is your SIPC Net Operating Revenues.
Multiply line 7 by .0015. This is your General Assessment.
d Subtract lines 13b and 13c from 13a. This is your assessment balance due.
days late at 20% per annum | | | Subsidiaries (S) and predecessors (P) included in the form (give name and SEC number) [Z] By checking this box, you certify that you have the authority of the SIPC member to sign this form; that all information in this form is true and complete; and that on behalf of the SIPC member, you are authorized , and do hereby consent, to the storage and handling by SIPC of the data in accordance with SI PC's Privacy Policy | REGIONAL BROKERS INC | Anthony Boccella | | | |-----------------------|-------------------------------|--|--| | (Name of SIPC Member) | (Authorized Signatory) | | | | 1/20/2026 | tboccella@regionalbrokers.com | | | | (Date) | (e-mail address) | | | Completion of the "Authorized Signatory" line will be deemed a signature. **This form and the assessment payment are due 60 days after the end of the fiscal year.** Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.