# A & M SECURITIES, LLC X-17A-5 (2019-03-01) — Broker-dealer annual report - Company: A & M SECURITIES, LLC - Form: X-17A-5 - Filed: 2019-03-01 - Period: 2018-12-31 - Accession: 0001001379-19-000001 - CIK: 1001379 - File #: 8-48648 - Material weakness: No - Auditor: Rubio CPA, PC - Auditor location: Atlanta, GA - Contact: Hugh Albritton III - Phone: 770-753-6166 - Signed by: Hugh Albritton III (President and CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1001379/000100137919000001/full.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | OMB APPROVAL | | |----------------------------|----------------| | OMB Number: | 3235-0123 | | Expires: | March 31, 2020 | | Estimated average bu ~en | | | hours per response • l2.00 | | #### **ANNUAL AUDITED REPORT FORM X-17 A-5 PART 111** | SEC FILE NUMBER | |-----------------| | 8· 48648 | # FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 a nd Rule 17a-5 Thereunder | REPORT FOR THE PERIOD BEGINNING | __
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Sc__ | AND ENDING | 12/31/18 | | |-------------------------------------------------------------------------|-------------------------------------------------------------|------------|---------------------------------|--| | | MM/DD/YY | | MM/00/YY | | | | A. REGISTRANT IDENTIFJCATION | | | | | NAME OF BROKER-DEALER: | | | OFFICIAL USE ONLY | | | A&M Securities, LLC | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not usc P.O. Box No.) | | | FIRM J.D. NO. | | | 2475 Northwinds Parkway, Suite 200 | | | | | | Atlanta | (No. and Street)
GA | | 30009 | | | (City) | (State) | | (Zip Code) | | | | | | | | | NAME AND TELEPHONE NUMBER Of PERSON TO CONTACT IN REGARD TO THIS REPORT | | | | | | Hugh Albritton ill | | | (770) 753-6166 | | | | | | (Area Code - Telepltonc Number) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in the Report* | | | | | | RubioCPA PC | | | | | | | (Name - if illdi>•idual, state la.tl, first', micld/e name) | | | | | | | | | | | 2727 Paces Ferr.): Road SE, Suite 2-1680 Atlanta | | Georgia | 30339 | | | (Address) | (City) | (State) | ·
(Zip Code) | | | CHECK ONE: | | | | | | II
Certified Public Accountant | | | | | | 0
Public Accountant | | | | | | 0 | | | | | | Accountant not resident in United States or any of its possessions. | | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | | | | *\*'Claims for exemption from the requirement thai/he anmi(J/ report be covered by the opinion of an lndepe11dellf public occotmlanf must be supported by a stateme/11 ojjacts and circumstances relied* 011 *as the basis for the exemption. See Secllon 240.17a-5(e){2)* > Potential persons who are to respond tG the collection of lnfonnatlon contained In this fonn are not required to respond unless the form displays a currently valid OMB control number. SEC 1410 (06-02) {1}------------------------------------------------ #### OATH OR AFFIRMATION | I, | __,H"'u~g,h_,A~I: r~i~t~to"'n~I I _
_ | _________ | ___,, swear (or affirm) that, to the best of my | |-----------|-----------------------------------------------------------------------------------|-----------|----------------------------------------------------------------------------------------------------------------------------| | | | | knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of | | | ----~A=&~~~S~ec~u~r~it~ies | | =------------------------------------'~ | | of - | ------ | | --=D:::e,.c,.e,m=.:· b<::e r'--3=1., 2018. are true and correct. r further swear (or affirm) that | | | | | | | | | | neilher the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account | | | classified solely as that of a customer, except as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ~l%=a4 | | | | | | | | Signature | | 1 | JANNINE GAMACHE | | | | | NOTARY PUBLIC
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Q ".A | | | FULTON COUNTY
State of Georgia | | Tille | | | My Comm. Expires January 13th, 2023 | | | | | | | | | | Notary Public | | | | | T his report ** contains (check all applicable boxes): | | | | | | | | | iii (a) | Facing Page. | | | | a (b) | Statement of Financial Condition. | | | | II (c) | Statement of Income (Loss). | | | | 8
(d) | Statement of Changes in Financial Condition. | | | | iii (e) | | | Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital. | | 0
(f) | Statement of Changes in Liabilities Subordinated to Claims of Creditors. | | | | ii
(g) | Computation of Net Capital. | | | | D (h) | Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3. | | | | D (i) | Information Relating to the Possession or Control Requirements Under Rule 15c3-3. | | | | D U> | | | A Reconciliation, including appropriate explanation of the Computation of Net Capital Under | | | | | Rule 15c3-l and the Computation for Determination of the Reserve Requirements Under Exhibit | | | A of Rule 15c3-3. | | | | D (k) | respect to methods of consolidation. | | A Reconciliation, between the audited and unaudited Statements of Financial Condition with | | | | | | 8 (I) An Oath or Affirmation. - D (m) A copy of the S!PC Supplemental Report - D (n) A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit . *.. For conditions of confidential treatment of certain portions of this filing, see section 240. 17a-5(e)(3).* {2}------------------------------------------------ # Financial Statements and Schedules as of December 31, 2018 with Report of Registered Independent Public Accounting Firm {3}------------------------------------------------ # CONTENTS | INDEPENDENT AUDITOR'S REPORT | | 1-2 | |----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|------| | STATEMENT OF FINANCIAL CONDITION | | 3 | | STATEMENT OF OPERATIONS | | 4 | | STATEMENT OF CASH FLOWS | | 5 | | | STATEMENT OF CHANGES IN MEMBER'S EQUITY | 6 | | NOTES TO FINANCIAL STATEMENTS | | 7-10 | | SUPPORTING SCHEDULES | | | | Schedule 1: | Computation of Net Capital Under Rule 15c3-1
of the Securities and Exchange Commission Act of
1934 | 11 | | Schedule II: | Computation for Determination of Reserve
Requirements Under Rule 15c3-3 of the
Securities and Exchange Commission As of
Decem ber31 , 2018 | 12 | | Schedule Ill | Information Relating to the Possession or Corntrol
Requirements Under Rule 15c3-3 of the Securities
and Exchange Commission as of December 31,
2018 | 12 | | FIRM'S EXEMPTION REPORT | REPORT OF INDEPENDENT REGISTERED ACCCOUNTING FIRM ON | 13 | | | BROKER-DEALER ANNUAL EXEMPTION REPORT | 14 | {4}------------------------------------------------ # **RUBIO CPA, PC** CERTIFIED PUBLIC ACCOUNTANTS 2727 Paces Ferry Road SE Building 2, Suite 1680 Atlanta. GA 30339 Office: 770 690-8995 Fax: 770 838-7123 # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Members of A&M Securities, LLC #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of A&M Securities, LLC (the "Company") as of December 31, 2018, the related statements of operations, changes in members' equity, and cash flows for the year then ended 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 the Company as of December 31, 2018, 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 audits. 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 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 audits we are required to obtain an understanding of internal control over fmancial 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 audits included performing procedures to assess the risks of material misstatement to 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 audits also included evaluating the accounting principJes used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis of our opinion. We have served as the Company's at1ditor since 2008. #### Supplemental Information The information contained in Schedules I, II and III has 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 information in Schedules L, II and ILl reconciles to the financial statements or the underlying accounting {5}------------------------------------------------ and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the accompanying schedules. In forming our opinion on the accompanying schedules, we evaluated whether the s upplemental information, including its. form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the aforementioned supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. February 27,2019 Atlanta, Georgia Rubio CPA, PC {6}------------------------------------------------ ### **STATEMENT OF FINANCIAL CONDITION** ### **AS OF DECEMBER 31 , 2018** | ASSETS | | |--------------------------------------------------------------------------------|---------------| | Assets: | | | Cash | \$
60,065 | | Dividend receivable | 220 | | Prepaid expenses | 905 | | Clearing deposit with broker dealer | 25,339 | | Office furniture and equipment, net of accumulated
depreciation of \$13,006 | 2,231 | | Securities owned at fair value | 40,785 | | Other assets | 22,293 | | TOTAL ASSETS | \$
151,838 | | LIABILITIES AND MEMBER'S EQUITY | | | Liabilities: | | | Accrued Liabilities | \$
9,805 | | Total Liabilities | 9,805 | | | | | Member's equity: | 142,033 | | TOTAL LIABILITIES & MEMBER'S EQUITY | \$
151,838 | {7}------------------------------------------------ ## **STATEMENT OF OPERATIONS** #### **FOR THE YEAR ENDED DECEMBER 31, 2018** | Revenues: | | |--------------------------------------|----------------| | Commissions | \$
35,609 | | Interest and dividends | 1,314 | | Unrealized gain on securitie·s owned | 2,370 | | Total Revenues | 39,293 | | Expenses: | | | Employee compensation and benefits | 14,617 | | Clearing fees | 6,783 | | Communications | 2,638 | | Occupancy and equipment | 14,021 | | Other operating expenses | 43,137 | | Total Expenses | 81,196 | | Net Loss | \$
(41,903) | {8}------------------------------------------------ # **STATEMENT OF CASH FLOWS** ## **FOR THE YEAR ENDED DECEMBER 31, 2018** | CASH FLOWS PROVIDED BY (USED FOR) OPERATING ACTIVITIES: | | |---------------------------------------------------------|--------------------| | Net Loss | \$
(41
,903) | | Items which do not affect cash: | | | Unrealized appreciation of securities owned | (2,370) | | Depreciation | 307 | | Adjustment to Reconcile Net Loss to Net Cash | | | used by operations: | | | Decrease in receivable from clearing broker dealer | 28,518 | | Increase in clearing deposit | (339) | | Decrease in dividend receivable | 160 | | Decrease in accrued liabilities | (10,425) | | | | | NET CASH USED BY OPERATING ACTIVITIES | (26,052) | | CASH FLOWS FROM FINANCING ACTIVITIES: | | | Contributions by Member | 55,000 | | | | | Net cash provided by financing activities | 55,000 | | | | | NET INCREASE IN CASH | 28,948 | | Cash, at beginning of year | ,117
31 | | Cash, at end of year | \$
60,065 | {9}------------------------------------------------ ## STATEMENT OF CHANGES IN MEMBER'S EQUITY ## FOR THE YEAR ENDED DECEMBER 31 , 2018 | Balance, December 31, 2018 | \$
142,033 | |----------------------------|---------------| | Net Loss | (41 ,903) | | Contributions by Member | 55,000 | | Balance, December 31, 2017 | \$
128,936 | | | | {10}------------------------------------------------ ## **NOTES TO FINANCIAL STATEMENTS** # **DECEMBER** 31, **2018** # **NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** #### Organization and Description of Business: A&M Securities, LLC ("the Company"), a limited liability company, is a securities broker-dealer registered with the Securities and Exchange Commission ("SEC") and the Financial Industry Regulatory Authority ("FINRA"). The Company provides securities brokerage services to major institutions. The Company is a fully-disclosed, introducing broker/dealer that clears all transactions with an outside clearing agency on a DVP basis. #### Cash: The Company maintains its cash deposits in high credit quality financial institutions. Balances at times may exceed federally insured limits. #### Property and Equipment: Property and equipment are recorded at cost. Depreciation is provided by use of straight-line methods over the estimated useful lives of the respective assets. #### Income Taxes: The Company is taxed as a proprietorship. Therefore the income or losses of the Company flow through to its member and no income taxes are recorded in the accompanying financial statements. The Company has adopted the provisions of FASB ASC 740.10, Accounting for Uncertainty in Income Taxes. Under this Interpretation, the Company is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines the respective position. A tax position includes an entity's status, including its status as a pass-through partnership, and the decision not to file a tax return. The Company has evaluated each of its tax positions and has determined that no provision or liability for income taxes iis necessary. #### New Accounting Pronouncements: In February 2016, the FASB issued a new accounting pronouncement reg.arding lease accounting for reporting periods beginning after December 15, 2019. A lessee will be required to recognize on the balance sheet the assets and liabilities for leases with lease terms of more than 12 months. Management is currently evaluating the effect this pronouncement will have on the financial statements and related disclosures. {11}------------------------------------------------ # **NOTES TO FINANCIAL STATEMENTS** # **DECEMBER** 31, **2018** # **NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)** ## Estimates: Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could vary from the estimates that were assumed in preparing the financial statements. ### Securities Owned: Securities owned are valued at market value. #### Revelilue Recognition: The Financial Accounting Standards Board (FASB) has issued a comprehensive new revenue recognition standard that supersedes most existing revenue recognition guidance under GAAP (FASB Accounting Standards Codification 606). The Company adopted this standard effective January 1, 2018. The standard's core principle is that an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 which prescribes a five-step process to accomplish this core principle, including: - Identification of the contract with the customer; - Identification of the performance obligation(s) under the contract; - Determination of the transaction price; - Allocation of the transaction price to the identified performance obligation(s); and - Recognition of revenue as (or when) an entity satisfies the identified performance obligation( s) The Company recognizes commission revenue on a trade date basis as the execution of the trade satisfies the only performance obligation identified in accordance with this standard. Application of the standard in 2018, using the modified retrospective approach, has no effect on reported financial position, results of operations or related disclosures. ## Date of Management's Review: Subsequent events were evaluated through the date the financial statements were issued. {12}------------------------------------------------ # **NOTES TO FINANCIAL STATEMENTS** # **DECEMBER** 31, **2018** # **NOTE B- NET CAPITAL** The Company, as a registered broker-dealer is subject to the Securities and Exchange Commission Uniform Net Capital Rule (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. At December 31, 2018, the Company had net capital of \$110,266, which was 105,266 in excess of its required net capital of \$5,000 and its ratio of aggregate indebtedness to net capital was .9 to 1.0. # **NOTE C- FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET CREDIT RISK** As a securities broker, the Company is engaged in buying and selling securities for governmental institutions. The Company's transactions are executed with and on behalf of its customers, including other brokers and dealers and other financial institutions. The Company introduces all customer transactions in securities traded on U.S. securities markets to another firm on a fully disclosed basis. The agreement between the Company and its clearing broker provides that the Company is obligated to assume any exposure related to nonperformance by customers or counter parties. The Company monitors clearance and settlement of all customer transactions on a daily basis. The Company's exposure to credit risk associated with the non-performance of customers and counter parties in fulfilling their contractual obligations pursuant to these securities transactions can be directly impacted by volatile trading markets which may impair the customer's or counter party's ability to satisfy their obligations to the Company. In the event of non-performance the Company may be required to purchase or sell financial instruments at unfavorable market prices resulting in a loss to the Company. The Company does not anticipate non-performance by customers and counter parties in the above situations. The Company seeks to control the aforementioned risks by requiring customers or counter parties to comply with regulatory requirements, clearing broker's guidelines and industry standards. The Company has a policy of reviewing the credit standing of each customer and counter party with which it conducts business. ## **NOTED- RECEIVABLE FROM CLEARING BROKER AND CLEARANCE AGREEMENT** The Company had an agreement with a clearing broker to execute and clear, on a fully disclosed basis, customer accounts of the Company. In accordance with that agreement the Company was required to maintain a deposit in cash or securities. ### **NOTE E - LEASE AGREEMENT** The Company leases office space under a month-to-month lease. Rent expense for 2018 was approximately \$13,715. {13}------------------------------------------------ ## **NOTES TO FINANCIAL STATEMENTS** # **DECEMBER** 31, **2018** ## **NOTE F - OTHER ASSETS** Other assets consist of pieces of collectible art that are recorded at cost. No depreciation has been recorded due to the lack of determinable economic life. The cost of this art as of December 31, 2018 was \$22,293. # **NOTE G- SECURITIES OWNED** FASB ASC 820 defines fair value, establishes a framework for measuring fair value, and establiishes a fair value hierarchy which prioritizes the inputs to valuation techniques. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market. Valuation techniques that are consistent with the market, income or cost .approach, as specified by FASB ASC 820, are used to measure fair value. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels: - Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities of the Company have the ability to access. - Level 2 inputs are inputs (other than quoted prices included within level 1) that are observable for the asset or liability, either directly or indirectly. - Level 3 are unobservable inputs for the asset or liability and rely on management's own assumptions about the assumptions that market participants would use in pricing the asset or liability. The following table represents the Company's fair value hierarchy for securities owned as of December 31, 2018. | | Fair Value
Measurements | Level
1
Valuation | Level2
Valuation | | Level
3
Valuation | | |-------------------------------|----------------------------|-------------------------|---------------------|--|-------------------------|--| | Common stock, publicly traded | \$40,785 | \$40,785 | \$ | | \$ | | {14}------------------------------------------------ ## **NOTES TO FINANCIAL STATEMENTS** # **DECEMBER** 31, **2018** ## **NOTE H - NET LOSS** The Company incurred a significant loss in 2018 and was dependent upon capital contributions from its Member for working capital and net capital. The Company's Member has represented that he intends to continue to make capital contributions, as needed, to insure the Company's survival through March 1, 2020. Management expects the Company to continue as a going concern and the accompanying financiial statements have been prepared on a going-concern basis without adjustments for realization in the event that the Company ceases to continue as a going concern. {15}------------------------------------------------ #### SUPPLEMENTAL INFORMATION {16}------------------------------------------------ #### SCHEDULE 1- COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION ACT OF 1934 | NET CAPITAL: | | | |-------------------------------------------------------------------------------------------------------------------------|---------------------------------------------|--------------------| | Total Member's Equity | | \$
142,033 | | Less Non-allowable assets:
Prepaid expenses
Office furniture and equipment
Dividend receivable
Other assets | \$
(905)
(2,231)
(220)
(22,293) | (25,649) | | Net Capital before haircuts | | 116,384 | | Less Haircuts | | (6,118) | | Net Capital
Less: minimum net capital required | | 110,266
(5,000) | | Excess Net Capital | | \$
105,266 | | Total Aggregate Indebtedness | | \$
9,805 | | Net capital based on aggregate indebtedness | | 654 | | Percentage of Aggregate Indebtedness to Net Capital | | 9% | | | | | #### AS OF DECEMBER 31, 2018 #### RECONCILIATION WITH COMPANY'S COMPUTATION OF NET CAPITAL INCLUDED IN PART IIA OF FORM X-17A-5 AS OF DECEMBER 31 , 2018 There is no significant difference between net capital as reported in Part A of Form X-17a-5 and net capital as reported above. {17}------------------------------------------------ # SCHEDULE II COMPUTATON FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31 , 2018 The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934, pursuant to paragraph (k)(2)(ii) of the rule. The Company is required to maintain a minimum net capital, as defined under such provisions. # SCHEDULE Ill INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31 , 2018 The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934, pursuant to paragraph (k)(2)(ii) of the rule. The Company does not have any possession or control of customer funds or securities. {18}------------------------------------------------ # **RUBIO CPA, PC** CERTIFIED PUBLIC ACCOUNTANTS 2727 Paces Ferry Road SE Building 2, Suite 1680 Atlanta, GA 30339 Office: 770 690-8995 Fax: 770 838-7123 #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Members of A&M Securities, LLC We have reviewed management's statements, included in the accompanying Broker Dealers Annual Exemption Report in which (I) A&M Securities, LLC identified the following provisions of 17 C.F.R. § 15c3-3(k) under which A&M Securities, LLC claimed an exemption from 17 C.F.R. § 240.1 Sc3-3: (k)(2)(ii) (the "exemption provisions"); and, (2) A&M Securities, LLC stated that A&M Securities, LLC met the identified exemption provisions throughout the most recent fiscal year without exception. A&M Securities, LLC's management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards ofthe Public Company Accounting Oversi.ght Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about A&M Securities, LLC'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 1 Sc3-3 under the Securities Exchange Act of 1934. February 27, 2019 Atlanta, GA ~ *el'li/e--* Rubio CPA, PC {19}------------------------------------------------ ![](_page_19_Picture_0.jpeg) ### **A&M Securities, LLC Exemption Report** A&M Securities, LLC (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by 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 claimed an exemption from 17 C.F.R. §240.15c3-3 under the following provisions of 17 C.F.R. §240.15c3-3 (k)(2)(ii) - (2) The Company met the identified exemption provisions in 17 C.F.R. §240.15c3-3(k)(2)(ii) throughout the period January 1, 2018 to December 31 , 2018 without exception. #### **A&M SECURITIES, LLC** I, Hugh Albritton Ill swear (or affirm) that, to my best knowledge and belief, this Exemption Report i rue and correct. By: \_\_ ~---------------------- CEO February 27, 2019 Suite 200 • One North Winds Center • 2475 North Winds Parkway • Alpharetta, GA 30004 • (770) 753·6166 • Fax: (770) 753-6167 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.