# ABACUS INVESTMENTS, INC. X-17A-5 (2026-01-08) — Broker-dealer annual report - Company: ABACUS INVESTMENTS, INC. - Form: X-17A-5 - Filed: 2026-01-08 - Period: 2025-09-30 - Accession: 0000913465-26-000001 - CIK: 913465 - File #: 8-46571 - Type: Broker-dealer - Material weakness: No - Auditor: Thomas Faust CPA LLC d/b/a Thomas Faust CPA - Auditor location: Lafayette, IN - Contact: Frederick Hohensee - Phone: 262-431-4095 - Email: fehaii@hotmail.com - Signed by: Frederick Hohensee (President) Original filing: https://www.sec.gov/Archives/edgar/data/913465/000091346526000001/abcs25.pdf --- {0}------------------------------------------------ UNITED STATES· S£CUMffiES ANO EXCHANGE COMMISSION WashJngloo, D.C. 20549 OM Number. 3235--0123 Expires: Nov. 30, 2026 Estimated average bwden ~rs per response: 12 # ANNUAL REPORTS FORM X-17A-5 PARTIII | ~rs per response:
12 | | | | | |-------------------------|-----------------|--|--|--| | | SEC FILE NUMBER | | | | | | 8-46571 | | | | FACING PAGE Information Required Pursuant to Rules 17a~s, 17a-l2, and Ula-7 under the, Securities Exthange Act of 1934 | FlLING FOR THE PERIOD .BEGINNING 10/Q 1 /2024 | | ANO ENDfNG Q9/3Q/2Q25 | |--------------------------------------------------|-----------------------------|-----------------------| | | MM/DO/YY | MWOO/YV | | | A. REGISTRANT 1DENTIACATI0N | | | NAME oF FIRM: Abacus Investments, Inc. | | | | TYPE OF REGISTRANT {check all applicable boxes); | | | ~J Broker-dealer O Securtty-based'swap dealer 0 Major security-based swap participant 0 Check here if respondent *is* also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSlNESS: (Do not use a P .0. box no.) # S33 W35676 Meadow Trail | | (No. and ~eet) | | | |-----------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------|----------------------------------------------------|--------------------| | Dousman | WI | | 53118 | | | (State> | | {Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | Frederick Hohensee | 262-431-4095 | | fehaii@hotmail.com | | {Name) | {Area Code - Telephone Number) | (Email Address) | | | | | | | | | 8. ACCOUNTANT lDENTIFJCATI0N
INDEPEHDENT PUBUC ACC0UN"f'.ANT whose repo.rts are contained in this filing• | | | | | Thomas Faust CPA, LLC d/b/a Thomas Faust, CPA
(Name - if individual, state-last, first, anq mldd~ name► | | | | | | Indiana | 47909 | | 17 4 Coldbrook Ct. | Lafayette
(Gty) | (State) | (Zip Codet | | 02/14/18 | | | | | (Address)
(Date- of Registration with PCA08l(if ao.olicable) | | 6479
{PCA08 Reitistration Number if aoolicable) | | accountant must be :supported by a stat-ement off.acts and circumstances relied on as the basis of the eitemption. See 17 CFR240.1.7a-5(e)(1)(ii}, if applicable. **Pel"IIOns who are to respond to the collectfon of information contained** tn **thi.s form are not required to respond unless-the form dtsplfYS e currentty,valid OM~ control numbe«'.** {1}------------------------------------------------ #### **OATH OR AFFIRMATlbN** | | 2~
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This filing.*"' contqins (check ~II applicable boxes): | | | ~ (a) )>t atement of financial conditiqn. | | D | (b) Notes to consolioated statement offinaricial condition. | | iiii!i | (c), Statement of income (loss) or, if there is other compreh'ensive income in the period(s) presented, a stateme,nt of | | | comprehensive income (as c'!lefined in§ 210.1-02 of Regulation S-X). | | | I!! (d) Statement of cash flows. | | | !! {e) Statement of changes in stockholder.s' o.r partners' or sol.e proprietor's equity. | | 0 | (f) Statement of changes in Uab.ilifies subordinated to claims of creditors. | | | □ (gj Notes to con~olidated financial statements. | | | !! (h) Computation of net capital under 17 CFR 240.1Sc3-1·or 17 CFR 240.18a-1, as applicable. | | | D (1) Computation of tangible net worth ~nder 17 CFR 240.18a.-2. | | D | (j) Computation for determination of customer reserve requirements pursuant to Exhi/:>it A to 17 CfR 240.15c3-3. | | D | (k) ComputatJon for determination of secl(rity-based swap re·serve requirements pursuant to EY'1ibit B to 17 CF~ 24'0.1Sc3-3 or | | | Exhibit A t0 L7 CFR 240.18a-4, as applicable. | | | □ (I) Computation for Determination of PAS Requirements under Exhibit A to §i
240.i5c3-3. | | | ~ [m) Information relating to possession or control requirem~nts for customers under·11 CFR 240.15c3-3, | | | D {n) Jnform~tion relating to possession or control requirements for security-based swap custotners under 17 CFR | | | 240.15'c3-3(p)(2) or 17 CFR 240.18a-4, a.s applicable, | | | ~ (o) Reconcillations, including approwiate eJ\pianatloris, of the FOCUS Report with computiltion of net capital or tangible net | | | worth under 17 CFR 240.15c3-l, -17 CFR 24Q.18a-1, or 17 CFR 240.iSa-2, as applkable, and the reserve requirements under 17
CFR 240,15c3-3 or 17 CFR 240.18a-4, as af:iplicable, if material differences exist, or a statement that-no material differences | | | exist. | | | | - D (p) Summary of financial 'data for subsidi~ries not consolidated in the statement of finam:ial condition. - (q) Oath or affirmation· in accordance With 17 CFR 240.l?a-S, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. u (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240:18a-7, as applicable. - ~{s) Exemption rep.art in accordance with 17 CFR 240.17a•:5 orl7 CFR 24Q.18a-7, as applicable. - u (t) Independent -public acco~n.tant's report based on an examinc:ition of the statement of fihancia1 conqitlon. - D (u) Independent public accountant 's report based on an e~amination of the financial qiport or fi'nancial statements under 17 CFR 240.17a-S, J 7 CFR 240,18a-7, or 17 CF-R 240.17a-12,. as applicable. - 0 M Independent public accountant's report based on an examination of certain statements in the cornpli;rnce report under i7 CF~ 240:17a-5 or 17 CFR 240.18a-7, as applicable. - ~ (w) Independent public accountant's report based on a review of t:,he exemption report under 17 CFR 240.17a-5 .or 17 CFR 240.18a-7, as applicable. - **iiii!i** (x) Supplemental reports on applying agreeq-upon procedures, in ac~ordance with 17 CFR 240.i5c3-le or 17 CFR 240.17a,12, as applicable. - D (y) Report describing any mate.rial inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that n.o material inadequacies exis.t, under 17 CFR 240.17a-12(k). □ (z) Other: \_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ "'''To request confidential' treatment of certa,in portions of this jiling, see 17 CFR 240.17o.-5(e){3) or 17 CFR 240.180-7(d}(2), as applicable. {2}------------------------------------------------ Abacus Investments, Inc. Report on Audit of Financial Statements September 30, 2025 Thomas Faust, CPA Certified Public Accountant {3}------------------------------------------------ Dousman, Wisconsin #### **AUDITED FINANCIAL STATEMENTS** Year Ended September 30, 2025 #### **Table of Contents** SEC Form X-17A-5 Report of Independent Registered Public Accounting Firm Statement of Financial Condition Statement of Income Statement of Changes in Stockholder's Equity Statement of Cash Flows Notes to Financial Statements Schedule I: Computation of Net Capital Under SEC Rule 15c3-1 Report of Independent Registered Public Accounting Firm on Applying Agreed-Upon Procedures Report of Independent Registered Accounting Firm Exemption Report {4}------------------------------------------------ # **f ijb·r-ti s:reJ.us,;;:~P.1f** • • ; Certified Public Accountant :;,11:4t~b1a9f.001tqyt ... :.:{Itttr·· •. Lafayette/Indiana 47909 . . . . • '··.. . : .. (7.§\$).49z~.tl\$.pJh.9.m9\$f~Y.~t9P~2@grtmiJ:;c;;pm\_ \:,; .... ··•····•'•· ...... ::: ... ii .... :. ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNl lNG FIRM** Stockholder Abacus Investments, Inc. ## **Opinion on the Financial Statements** I have audited the accompanying statement of financial condition of Abacus Investments, Inc., as of September 30, 2025, the related statements of income, changes in stockholder's equity, and cash flows for the year then ended, and the related notes and schedule (collectively referred to as the financial statements). In my opinion, the financial statements present fairly, in all material aspects, the financial position of Abacus Investments, Inc., as of September 30, 2025 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 Abacus Investments, lnc.'s management. My responsibility is to express an opinion on Abacus Investments, lnc.'s financial statements based on my audit. I am a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and am required to be independent with respect to Abacus Investments, Inc. in accordance with the U.S. federal securities laws and the applicable rules and the regulations of the Securities and Exchange Commission and the PCAOB. I conducted my audit in accordance with the standards of the PCAOB. Those standards require that I 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. My 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. My 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. I believe that my audit provides a reasonable basis for my opinion. ## **Supplemental Information** Schedule I, Computation of Net Capital Under SEC Rule 15c3-1 has been subjected to audit procedures performed in conjunction with the audit of Abacus Investments, lnc.'s financial statements. The supplemental information is the responsibility of Abacus Investments, lnc.'s management. My 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 my opinion on the supplemental information, I evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In my opinion, Schedule I, Computation of Net Capital Under SEC Rule 15c3-1 is fairly stated, in all material respects, in relation to the financial statements as a whole. {5}------------------------------------------------ Thomas Faust, CPA, LLC d/b/a Thomas Faust, CPA I have served as the Company's auditor since 2018. Lafayette, Indiana November 11, 2025 {6}------------------------------------------------ Dousman, Wisconsin #### **Statement of Financial Condition** As of September 30, 2025 #### **ASSETS** | Current Assets | | | |-------------------------------------------------------|----|-----------| | Cash and cash equivalents | s | 278,825 | | Deposits with clearing organization | | 15,495 | | Commissions receivable | | 16,862 | | Total current assets | \$ | 311,182 | | Other Assets | | | | Goodwill less accumulated amortization of \$129,08!:i | | 73s,s.:.s | | Total assets | s | 1,047,097 | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | | Liabilities: | | | | Income Taxes Payable to Parent | | 3,850 | | Commissions payable | | 40,146 | | Total liabilities | s | 43,996 | | Stockholder's Equity: | | | | Common stock, \$.01 par value, 9,000 shares | \$ | 1 | | authorized, 100 shares issued and outstanding | | | | Additional paid-in-capital | | 928,746 | | Retained earnings | | 74,354 | | Total stockholder's equity | | 1,003,101 | | Total liabilities and stockholder's equity | \$ | 1,047,097 | {7}------------------------------------------------ Dousman, Wisconsin #### **Statement of Income** Year Ended September 30, 2025 #### **Income:** | Listed Commissions | \$
2,653 | |-------------------------------------------------|-----------------| | Listed Options Commissions | 7,260 | | All Other Securities Commission | 916,067 | | Interest Income | 10,411 | | Revenue From Sales of Investment Company Shares | 453,679 | | Other Revenue | 13,533 | | Total income | \$
1,403,603 | | Expenses: | | | Commissions | \$
628,751 | | Management and Consulting fees | 522,850 | | Clearing and execution charges | 66,521 | | Regulatory fees | 17,717 | | Legal and accounting | 7,000 | | Occupancy | 11,400 | | Other | 83,105 | | Total Expenses | \$
1,337,344 | | Net income before income tax provision | 66,259 | | Income Tax Provision | 12,341 | | Net income (Loss) | \$
53,918 | {8}------------------------------------------------ Dousman, Wisconsin #### **Statement of Changes in Stockholder's Equity** Year Ended September 30, 2025 | | Common
Stock | Additional
Paid In
Capital | Retained
Earnings | Total
Stockholder's
Equity | |-------------------------------------------------|-----------------|----------------------------------|----------------------|----------------------------------| | Balance, September 30, 2024 | \$
1
\$ | \$
578,746 | 20,436
\$ | 599,183 | | Net Income (Loss)
Additional Paid In Capital | | 350,000 | 53,918 | 53,918
350,000 | | Balance, September 30, 2025 | \$
1 \$ | \$
928,746 | 74,354 \$ | 1,003,101 | {9}------------------------------------------------ Dousman, Wisconsin #### **Statement of Cash Flows** #### Year Ended September 30, 2025 | Cash Flows from Operating Activities: | | | |----------------------------------------------------------------------|----|----------| | Net Income (Loss) | | 53,918 | | | | | | Adjustments to reconcile net income (loss) to | | | | net cash provided (used) by operating activities: | | | | Amortization Expense | | 69,002 | | Changes in assets and liabilities: | | | | Deposits with clearing corporation | | (1.33) | | Commissions receivable | | 41,896 | | Income Taxes Payable | | (13,050) | | Commissions payable | | (6,940) | | Net cash provided by (used in) operating activities | | 144,693 | | Cash and equivalents, beginning of year | | 134,132 | | Cash and equivalents, end of year | \$ | 278,825 | | Noncash Investing and Financing Activities | | | | Additional Paid in Capital (Application of | | | | pushdown accounting) | \$ | 350,000 | | Goodwill (application of pushdown accounting) | \$ | 350,000 | | Supplemental Cash Flow Disclosures
Cash paid during the year for: | | | | Interest | \$ | | | Income Taxes | \$ | 25,391 | | | | | {10}------------------------------------------------ ## **ABACUS INVESTMENTS, INC. NOTES TO FINANCIAL STATEMENTS FOR YEAR ENDED SEPTEMBER 30, 2025** ## **NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION** A. Nature of Operations - Abacus Investments, Inc. (the "Firm") was incorporated in the state of Wisconsin on September 13, 1993. The company is registered with the Securities and Exchange Commission. The firm is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). The Firm's principal business activity is the sale of securities and doing business as a \$5,000 non-carrying, noncustodian broker/dealer. The Firm does not carry security accounts for customers or perform custodial functions relating to customer securities. The Firm meets the exceptive provisions of Rule 15c3-3. All customer transactions are processed through a clearing broker/dealer. - B. Cash and Equivalents For purposes of the statements of cash flows, the Firm's cash and equivalents consist of the Firm's checking accounts and money market accounts. - C. 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 li=ibilities 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. - D. Concentrations of Credit Risk The Firm places its cash in accounts with a local financial institution and a money market account. At times, balances in these accounts may exceed FDIC insurance limits. The Firm did not have any account with a balance that exceeded the insured limits during the year. - E. Revenue Recognition The revenue of the Firm is derived primarily from commissions earned on the trades of equities, mutual funds, annuities, bonds, and options. Commission income on equities, mutual funds, annuities, bonds, and options are recognized and recorded on a trade date basis. Revenue from 12b-1 fees and other trail fees are recognized and recorded as earned. On May 2014, FASB issued ASU 2014-09, "Revenue from Contracts with Customers Topic 606" which supersedes nearly all existing revenue recognition guidance under generally accepted accounting principles. The Firm's revenue recognition policy conforms with the pronouncement by recognizing revenue in accordance with the five components of the pronouncement: - Identify the contract with the customer - Identify the performance obligation - Determine the transaction price - Allocate the transaction price to the performance obligation - Recognize the revenue when the performance obligation is met - F. Recently Issued Accounting Pronouncement Adopted In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07, "Segment reporting (Topic 280): Improvements to Reportable Segment Disclosures," which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The Firm adopted this standard effective January 1, 2024. For further information, refer to Note 7. {11}------------------------------------------------ G. Commissions Receivable - The Firm considers all commissions receivable to be fully collectible. Uncollected accounts receivable are charged directly against operations when they are determined to be uncollectible. Use of this method does not result in a material difference from the valuation method required by accounting principles generally accepted in the United States of America. ## **NOTE 2: CLEARING BROKER AGREEMENT** The Firm clears security transactions through Hilltop Securities, Inc. (the clearing broker). Under the terms of the clearing agreement, the clearing broker carries the accounts of the customers of th~ Firm on a fully disclosed basis. The clearing broker executes transactions and settles contracts of securities for customers' accounts, prepares confirmations and summary monthly statements, and performs certain cashiering functions such as receiving and delivering securities. Under the agreement, the Firm is required to maintain a minimum cash deposit of \$15,000 which serves as a reserve for counterparty credit risk and settlement risk, as well as market risk on open unhedged positions. ## **NOTE 3: COMMITMENTS AND CONTINGENCES** The Firm's customer securities transactions are introduced on a fully disclosed basis with the clearing broker/dealer. The clearing broker/dealer is responsible for the execution, collection, payment of funds and receipt and delivery of securities relative to customers' transactions. Off-balance sheet risk exists with respect to these transactions due to the possibility that the customers may be unable to fulfill their contractual commitments. The clearing broker/dealer may charge the Firm for any losses it incurs as a result. The Firm seeks to minimize this risk through procedures designed to determine the credit worthiness of its customers. The Firm does not anticipate nonperformance by any customers or its clearing broker. Management has evaluated other possible commitments and contingencies on September 30, 2025. They concluded that there were no other commitments or contingencies that would require recognition in the financial statements or disclosure in the related notes to the financial statements. ## **NOTE 4: INCOME TAX EXPENSE** The Firm is a member of a tax group that files a consolidated tax return and uses the separate return method to allocate the consolidated amount of current and deferred tax expense among the group members. Under the separate return method, the Firm is assumed to file a separate return with the taxing authorities, thereby reporting its taxable income or loss and paying the applicable tax to or receiving the appropriate refund from the parent. Prior to the Firm's change in ownership and being acquired by another corporation the Firm filed separate S Corporation Federal and State income tax returns. Returns for 2021 to 2024 are subject to examination by the applicable tax authorities, generally for three years after the later of the original or extended due date. The current Federal and State income tax expense is \$12,341 with a payable of \$3,850 at September 30, 2025. It is the Firm's policy to recognize penalties and interest as incurred in its operations. There were none for 2025. ## **NOTE 5: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES** In June 2006, the Financial Accounting Standards Board (FASB) issued FASB Interpretation Number 48 (FIN 48), Account for Uncertainty in Income Taxes - an Interpretation of FASB Statement 1-.Jo. 109 (SFAS 109). The interpretation contains a two-step approach to recognizing and measuring uncertain tax positions accounted for {12}------------------------------------------------ in accordance with SFAS 109. The Firm has elected to defer the adoption of FIN 48 as allowed in FASB Staff Position (SDP-48-3) issued December 30, 2008. The adoption of this standard is not currently anticipated to have a material impact on the Firm's financial position, results of operations, or cash flows; however, the effect on future financial statements of this pronouncement cannot be determined at this time. Management will continue to evaluate any uncertain tax positions, if any, during the deferral period. ## **NOTE 6: NET CAPITAL REQUIREMENTS** The Firm is required to maintain a minimum net capital under Rule 15c3-1 of the Securities and Exchange Commission. Net capital required under the rule is the greater of \$5,000 or 6 2/3 percent of the aggregate indebtedness of the Firm. On September 30, 2025, net capital as defined by the rules, equaled \$261,479. The percentage of aggregate indebtedness to net capital was 16.83%. Net capital in excess of minimum required is \$256,479. The Firm must also calculate net capital less the greater of 10% of total aggregated indebtedness or 120% of their minimum net capital requirement. This amount is \$6,000. ## **NOTE 7: SEGMENT REPORTING** The Firm is engaged in a single line of business as a securities broker-dealer which is comprised of investment services described in Note 1. The Firm has identified its President 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 Firm. Additionally, the CODM uses excess net capital (see Note 6), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to maintain profits or pay distributions. The Firm's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the firm as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the policies listed in Note 1. ## **NOTE 8: FILING REQUIREMENTS** There were no liabilities subordinated to claims of creditors during the year ended September 30, 2025. Accordingly, no Statement of changes in Liabilities Subordinated to Claims of Creditors has included in these financial statements as required by rule 17a-5 of the Securities and Exchange Commission. #### **NOTE 9: SUBSEQUENT EVENTS** Management has evaluated subsequent events through the date which the report of the independent registered accounting firm on the financial statements which is the date they were available to be issued. Management has concluded that no subsequent events have occurred that would require recognition or disclosure in the financial statement. {13}------------------------------------------------ Dousman, Wisconsin #### **Schedule I: Computation of Net Capital under SEC Rule 15c3-1** As of September 30, 2025 | Aggregate Indebtedness | | | |-----------------------------------------------------------------|----|-----------| | Commissions payable | \$ | 40,146 | | Accounts payable | | | | Income Taxes Payable To Parent | | 3,850 | | Total Aggregate Indebtedness | \$ | 43,996 | | Minimum required net capital (6 2/3% of aggregate indebtedness) | \$ | 2,933 | | Computation of Basic Net Capital Requirement: | | | | Stockholder's equity | \$ | 1,003,101 | | Deductions: | | | | Non-allowable accounts receivable from brokers or dealers | | 163 | | Haircuts on securities | | 5,544 | | Non Allowable Goodwill | | 735,915 | | Net Capital | | 261,479 | | Net capital requirement (minimum) | | 5,000 | | Capital in excess of minimum requirement | | 256,479 | | Percentage of aggregate indebtedness to net capital | | 16.83% | #### **FOCUS Part IIA Reconciliation between Audited and Unaudited Net Capital** There were no material differences between the above net capital computation and in the Firm's most recently filed FOCUS Report, Part IIA Form X-17a-5 at September 30, 2025 .. {14}------------------------------------------------ # --J~~~,f 6i~~~c1J~fi~~A-,;.i,;;:::::::::,:::::;::;::· :\_:·:. ,. t74 Coldbrook Ct. ........ . ,L~tay~tte;IN 47909/::> · . .. ·• ., . rcze.5.1:2ez:.:.JJ.5.~t Jh9m~\$.faµ§JGPJ~2.@gma11~~Qm,:: , .. ,,,,.:,,, .. ;., ..... ,,,,,,, ...... ,, :: ... , ... ,,, ... ,, ..... ,.,,,,M" .... ,: ... ~ ........ -. .w:::, .. -, .. , , ..... :::: ......... :.\_.\_., ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES** Stockholder Abacus Investments, Inc. I have performed the procedures included in Rule 17a-5(e)(4) under the Securities ~xchange 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 September 30, 2025. Management of Abacus Investments, Inc. (Firm) is responsible for its Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7. Management of the Firm has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting you and SIPC in evaluating the Firm's compliance with the applicable instructions on Form SIPC-7 for the year ended September 30, 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, I 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 I performed, and my 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-17 A-5 Part Ill for the year ended September 30, 2025, with the Total Revenue amount reported in Form SIPC-7 for the year ended September 30, 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. I was not engaged to, and did not conduct an examination, the objective of which would be the expression of an opinion on compliance. Accordingly, I do not express such an opinion. Had I performed additional procedures, other matters might have come to my attention that would have been reported to you. This report is intended solely for the information and use of the specified parties listed above and is not intended to be and should not be used by anyone other than these specified parties. {15}------------------------------------------------ Thomas Faust, CPA, LLC d/b/a Thomas Faust, CPA Lafayette, Indiana November 11, 2025 {16}------------------------------------------------ ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** Stockholder Abacus Investments, Inc. .\_.,.. ·---• ... · -- .... .. I have reviewed management's statements, included in the accompanying Exemption Report of Broker and Dealers, in which (1) Abacus Investments, Inc., identified the following provisions 17 C.F.R. § 15c3-3(k) under which the Firm claimed the following exemption from 17 C.F.R. §2 4 0.15c3-3:(k)(2)(ii) and (2) Abacus Investments, Inc. stated that Abacus Investments, Inc. met the identified exemption provision throughout the most recent fiscal year without exception. The Firm is also filing this Exemption Report because the Firm's other business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 are limited to effecting securities transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Firm. In addition, the Firm 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 Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company; did not carry accounts of or for customers; and did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. Abacus Investments, lnc.'s management is responsible for compliance with the exemption provisions and its statements. My 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 the Firm'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, I do not express such an opinion. Based on my review, I am 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 and the Firm's other business activities contemplated by Footnote 7 4 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5, and related SEC Staff Frequently Asked Questions. Thomas Faust, **CPA,** LLC d/b/a Thomas Faust, CPA Lafayette, Indiana November 11 , 2025 *~CllS Inyestmepts, Inc* {17}------------------------------------------------ ## ABACUS INVESTMENT\$, INC. S33 W35676 MEADOWITRAIL DOUSMAN WI 53118 I • ## ABACUS INVESTMENTS, INC. EXEMPTION REPORT SEC Rule 171-s(d)(4) Abacus Investments, Inc. 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)(4}. To the best of its knowledge and belief, Abacus Investments, Inc. state the following: 1. Abacus Investments, Inc. claimed an exemption from 17 C.F.R. § 240.lSc-3 under the provision of 17 C.F.R. § 240. lSc-3-3 (k)(2)(ii) for our revenue from our clearingbroker for the year ended September 30, 2025 . • Abacus Investments, Inc. is also filing this Exemption Report because the Firm's other business activities contemplated by Footnote 74 of the SEC Release No. 34- 70073 adopting amendments to 17 C.F.R § 240.17a-5 are limited to effecting securities transaction via subscription on a subscription way basis where funds are payable to the issuer or its agent and not to the Firm. In addition the Firm did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consid~ration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and /or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agents and not to the Firm, did not carry accounts of or for customers, and did not carry PAB accounts (as defined in Rule 15c3-3). 2. Abacus Investments, Inc, has met the identified above exemption provision in 17 C.F.R. § 240.15c3-3 throughout the most receryt fiscal year ended September 30, 2025 without exception. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.