# VESTECH SECURITIES, INC. X-17A-5 (2021-09-30) — Broker-dealer annual report - Company: VESTECH SECURITIES, INC. - Form: X-17A-5 - Filed: 2021-09-30 - Period: 2021-06-30 - Accession: 0001017760-21-000004 - CIK: 1017760 - File #: 8-49409 - Material weakness: No - Auditor: Thomas Faust, CPA - Auditor location: Lafayette, IN - Contact: John Huang - Phone: 314.828.2111 - Email: thomasfaustcpa2@gmail.com - Signed by: John Huang (President) Original filing: https://www.sec.gov/Archives/edgar/data/1017760/000101776021000004/20-21Audit-No-PL.pdf --- {0}------------------------------------------------ UNITEDSTATES · SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: August 31, 2020 Estimated average burden hours per response .. . . . . . . . 12.00 # ANNUAL AUDITED REPORT FORM X-17A-5 PART III | SEC FILE NUMBER | | |-----------------|--| | | | FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder | REPORT FOR THE PERIOD BEGINNING | 06/30/21
07/01/20
AND ENDING | | | | |---------------------------------------------------------------------------------------------------|---------------------------------------------------------------------|--------------|--------------------------------|--| | | MM/DD/YY | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF BROKER-DEALER: Vestech Securities, Inc. | | | OFFICIAL USE ONLY | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.)
11477 Olde Cabin Rd. STE 310 | | | FIRM I.D. NO. | | | | (No. and Street) | | | | | St. Louis | MO | 63141 | | | | (City) | (State) | (Zip Code) | | | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
John Huang | | 314.828.2111 | | | | | | | (Area Code - Telephone Number) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report*
Thomas Faust, CPA | | | | | | 174 Coldbrook Ct | (Name - if individual, state last, first, middle name)
Lafayette | IN | 47909 | | | (Address) | (City) | (State) | (Zip Code) | | | CHECK ONE: | | | | | | Certified Public Accountant | | | | | | Public Accountant | | | | | | | Accountant not resident in United States or any of its possessions. | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | | | | | | | | | | \*Claims for exemption from the requirement that the annual report be covered by the opinion of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis for the exemption. See Section 240.17a-5(c)(2) > Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of
Vestech Securities, Inc.
of September 29
are true and connect of a more and correct. I further swear (or affirm) that
neither the company nor any partner, principal officer or director has any proprietary interest in any account
classified solely as that of a customer, except as follows:
Signatuka
President
Title
PAUL B. KNESE
Notary Public - Notary Seal
Notary Public
State of Missouri
Commissioned for St. Louis County
This report ** contains (check all applicable boxes):
My Commission Expires: January 25, 2025
Commission Number: 17662900
(a) Facing Page.
(b) 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).
7 (d) Statement of Changes in Financial Condition. (8) Statement of Changes in Stations Sil Fordinal (8) Statement of Changes in Stackholors Silverdina (8) Computation
(e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital.
(f) Statement of Changes in Liabilities Subordinated to Claims of Creditors.
(h) Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3.
(i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3.
と
() A Reconciliation, including appropriate explanation of the Computation of Net Capital Under Rule 15c3-1 and the
Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3.
(k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of
consolidation.
(1) An Oath or Affirmation.
। ਹੈ
(m) A copy of the SIPC Supplemental Report.
い
(n) A report describing any material inadequacies 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). | John Huang | | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|--|--| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | {2}------------------------------------------------ ![](_page_2_Picture_0.jpeg) ![](_page_2_Picture_1.jpeg) **|** Page VESTECH SECURITIES INC {3}------------------------------------------------ **THOMAS FAUST, CPA** Certified Public Accountant 174 Coldbrook Ct. Lafayette, IN 47909 765-237-9185 thomasfaustcpa2@gmail.com ![](_page_3_Picture_1.jpeg) ### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Board of Directors Vestech Securities, Inc. #### **Opinion on the Financial Statements** I have audited the accompanying statement of financial condition of Vestech Securities, Inc., as of June 30, 2021. In my opinion, the statement of financial condition presents fairly, in all material aspects, the financial position of Vestech Securities, Inc. as of June 30, 2021 in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This statement of financial condition is the responsibility of Vestech Securities, Inc.'s management. My responsibility is to express an opinion on Vestech Securities, Inc.'s statement of financial condition 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 Vestech Securities, 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. Thomas Faust, CPA, LLC d/b/a Thomas Faust, CPA I have served as the Company's auditor since 2018. Lafayette, Indiana September 27, 2021 {4}------------------------------------------------ | ASSETS | | |--------------------------------------------------------------------------------------|---------------| | CURRENT ASSETS | | | Cash | \$
359,887 | | Deposit with clearing organization | 50,348 | | Commissions receivable | 46,489 | | Prepaid insurance | 11,130 | | Right of use lease asset | 30,458 | | TOTAL CURRENT ASSETS | 498,312 | | PROPERTY AND EQUIPMENT, net of accumulated depreciation | - | | OTHER ASSETS | | | Right of use lease asset ‒ non-current | 112,024 | | Security deposit | 2,000 | | TOTAL OTHER ASSETS | 114,024 | | TOTAL ASSETS | \$
612,336 | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | CURRENT LIABILITIES | | | PPP loan payable | \$
152,230 | | Accrued salaries and commissions payable | 142,527 | | Accounts payable | 41,710 | | Lease obligation payable | 30,458 | | TOTAL CURRENT LIABILITIES | 366,925 | | | | | LONG-TERM LIABILITIES
Lease obligation payable | 112,024 | | STOCKHOLDER'S EQUITY | | | Common stock (100,000 shares authorized, 1,251 shares issued and 251
outstanding) | 35,000 | | Paid-in capital | 61,002 | | Retained earnings | 37,385 | | TOTAL STOCKHOLDER'S EQUITY | 133,387 | | TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY | \$
612,336 | **THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.** {5}------------------------------------------------ ![](_page_5_Figure_1.jpeg) ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES** The Board of Directors Vestech Securities, Inc. In accordance with Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and with SIPC Series 600 Rules, I have performed the procedures enumerated below with respect to the accompanying General Assessment Reconciliation (Form SIPC-7) to the Securities Investor Protection Corporation (SIPC) for the year ended June 30, 2021, which were agreed to by Vestech Securities, Inc. and SIPC, Securities and Exchange Commission, and Financial Industry Regulatory Authority, Inc., solely to assist you and the other specified parties in evaluating Vestech Securities, Inc.'s compliance with the applicable instructions of Form SIPC-7. Vestech Securities, Inc.'s management is responsible for Vestech Securities, Inc.'s compliance with those requirements. This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. 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 amounts reported on the audited Form X-17A-5 (FOCUS Report) for the year ended June 30, 2021 with the amounts reported in Form SIPC-7 for the year ended June 30, 2021, noting no differences; - 3) Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences; - 4) Proved 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. Vestech Securities, Inc. Thomas Faust, CPA, LLC d/b/a Thomas Faust, CPA {6}------------------------------------------------ Lafayette, Indiana September 27, 2021 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.