# DAI SECURITIES, LLC X-17A-5 (2025-03-31) — Broker-dealer annual report
- Company: DAI SECURITIES, LLC
- Form: X-17A-5
- Filed: 2025-03-31
- Period: 2024-12-31
- Accession: 0000926391-25-000002
- CIK: 926391
- File #: 8-47393
- Type: Broker-dealer
- Material weakness: No
- Auditor: Crowe LLP
- Auditor location: New York, NY
- Contact: Ana R Carter
- Phone: 813-442-1645
- Email: anac@daisecurities.com
- Website: daisecurities.com
- Signed by: Craig Covington (President)
Original filing: https://www.sec.gov/Archives/edgar/data/926391/000092639125000002/DAISPUBLIC.pdf
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**UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL REPORTS FORM X-17A~S PART** Ill **FACING PAGE** 0MB APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER 8-47393 Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 FILING FOR THE PERIOD BEGINNING **Q 1/01 /24** MM/OD/YY AND ENDING **12/31 /24** MM/OD/YY **A. REGISTRANT IDENTIFICATION** NAME oF FIRM: DAI Securities, LLC TYPE OF REGISTRANT {check all applicable boxes): [!] Broker-dealer D Security-based swap dealer D Major security-based swap participant D Check here If respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: {Do not use a **P.O.** box no.) 2800 Century Pkwy NE, Suite 650 (No. and Street) Atlanta GA 30345 (City) {State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING Ana R Carter 813-442-1645 anac@daisecurities.com (Name) (Area Code -Telephone Number) {Email Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* Crowe LLP (Name - if individual, state last, first, and middle name) 485 Lexington Ave, Fl 11 New York NY (Address) (City) (State) 9/232003 173 10017 (Zip Code) FOR OFFICIAL USE ONLY (PCAOB R,g;shaUoo N,mbe,, ;f applicable) I \* 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 cm 240.17a-S(e)(1){il), 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 OMS control number.
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#### **OATH OR AFFIRMATION**
I, Craig Covington swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of DAI Securities LLC as of **12/31** , 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 custo[W\rtl 11111
s;gnature~ ~
**~~~~~11 applicable boxes):**
- **!!ii** (a) Statement of financial condition.
- □ (b) Notes to consolidated statement of financial condition.
- □ (c) Statement of income (loss) or, **if** there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X).
- □ (d) Statement of cash flows.
- □ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity.
- □ (f) Statement of changes in liabilities subordinated to claims of creditors.
- D (g) Notes to consolidated financial statements.
- D (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable.
- D (i) Computation of tangible net worth under 17 CFR 240.18a-2.
- D 0) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
- D (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.
- D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3.
- □ (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.
- D (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.1Sc3-3 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-S, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable.
- D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- D (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- **iii** (t) Independent public accountant's report based on an examination of the statement of financial condition.
- □ (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable.
- □ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- □ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable.
- D (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: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_\_\_ \_\_\_ \_\_ ~
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- \*\*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.
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# **CONTENTS**
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1 |
|---------------------------------------------------------|---|
| Financial Statements | |
| Statement of financial condition | 2 |
| | |
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### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Managing Member and Members of DAI Securities, LLC Mankato, Minnesota
#### **Opinion on the Financial Statement**
We have audited the accompanying statement of financial condition of DAI Securities, LLC (the "Company") as of December 31, 2024, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.
#### **Basis for Opinion**
This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on this financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company 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 statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit of the financial statement provides a reasonable basis for our opinion. C ~ Crowe
Crowe LLP
We have served as the Company's auditor since 2022.
New York, New York March 31, 2025
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# **DAI SECURITIES, LLC Statement of Financial Condition December 31, 2024**
## **Assets**
| Cash | \$ 2,305,928 |
|------------------------------------------------------|---------------|
| Accounts receivable | 832,936 |
| Receivable from related party | 98,592 |
| Prepaid expenses | 304,706 |
| Clearing deposits | 100,000 |
| Fixed assets, net | 21,913 |
| Right of use assets, net of accumulated amortization | _608,441 |
| TOTAL ASSETS | \$ 4,272,516 |
| Liabilities and Members' Equity | |
| Accounts payable | \$
705,188 |
| Unearned revenues | 248,500 |
| Accrued commission | 492,425 |
| Accrued liabilities | 43,619 |
| Lease liabilities | 650,002 |
| Total Liabilities | 2,139,734 |
| Members' Equity | 2,132,782 |
| TOTAL LIABILITIES AND MEMBERS' EQUITY | \$ 4,272,516 |
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.