# VESTECH SECURITIES, INC. X-17A-5 (2022-09-26) — Broker-dealer annual report
- Company: VESTECH SECURITIES, INC.
- Form: X-17A-5
- Filed: 2022-09-26
- Period: 2022-06-30
- Accession: 0001017760-22-000002
- CIK: 1017760
- File #: 8-49409
- Type: Broker-dealer
- Material weakness: No
- Auditor: Thomas Faust, CPA
- Auditor location: Lafayette, IN
- Contact: John C Huang
- Phone: 13148282111888
- Email: ihuang@e-vestech.com
- Website: e-vestech.com
- Signed by: John Huang (President)
Original filing: https://www.sec.gov/Archives/edgar/data/1017760/000101776022000002/22-Financial-BS-Only.pdf
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
OMB APPROVAL OMB Number: 3235-0123 Expires: Oct. 31, 2023 Estimated average burden h
# ANNUAL REPORTS FORM X-17A-5 PART III
| 12
ours per response: | |
|--------------------------|--|
| SEC FILE NUMBER | |
| 8-49409 | |
FACING PAGE
Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934
| FILING FOR THE PERIOD BEGINNING | | 07/01/21 | AND ENDING | 06/30/22 |
|-------------------------------------------------------------------------------------------------------------------------------------|------------------------------|------------------------------|------------|------------------------------------------|
| | MM/DD/YY | | | MM/DD/YY |
| | | A. REGISTRANT IDENTIFICATION | | |
| NAMF OF FIRM: | | Vestech Securities, Inc. | | |
| TYPE OF REGISTRANT (check all applicable boxes):
ച Broker-dealer
[ Check here if respondent is also an OTC derivatives dealer | □ Security-based swap dealer | | | [] Major security-based swap participant |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | |
| | 11477 Olde Cabin Rd. Ste. 310 | |
|--|-------------------------------|--|
| | | |
| | (No. and Street) | | | |
|------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------|--------------------------------------------|--|--|
| St. I onlis | Missouri | 63141 | | |
| (City) | (State) | (Zip Code) | | |
| PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | |
| John Huanh | 314-828-2111 | ihuang@e-vestech.com | | |
| (Name) | (Area Code - Telephone Number) | (Email Address) | | |
| | B. ACCOUNTANT IDENTIFICATION | | | |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Thomas Faust, CPA d/b/a Thomas Faust, CPA | | | | |
| 174 Coldbrook Ct. | (Name - if individual, state last, first, and middle name)
Lafayette | Indiana
47909 | | |
| (Address) | (City) | (State)
(Zip Code) | | |
| 02/14/18 | | 6479 | | |
| (Date of Registration with PCAOB)(if applicable) | | (PCAOB Registration Number, if applicable) | | |
| | FOR OFFICIAL USE ONLY | | | |
\* Claims for exemption from the requirement that the annual 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-5(e)(1)(ii), 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 OMB control number.
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#### OATH OR AFFIRMATION
| John Huang | swear (or affirm) that, to the best of my knowledge and belief, the |
|---------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|
| financial report pertaining to the firm of Vestech Securities, Inc. | as of |
| 9/23 | , 2022 |
| | 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. | |
Signature Title President
Notary Public
### This filing\*\* contains (check all applicable boxes):
- (a) Statement of financial condition.
- [ (b) Notes to consolidated statement of financial condition.
- @ (c) Statement of income (loss) or, if there is other comprehensive 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.
- □ (g) Notes to consolidated financial statements.
- [
- [ {i} Computation of tangible net worth under 17 CFR 240.18a-2.
- □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
- □ (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.
- □ (I) Computation for Determination of PAB Requirements under Exhibit A to § 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.
- (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist.
- 口 (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition.
- @ (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.
- □ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- □ (t) Independent public accountant's report based on an examination of the statement of financial condition.
- [1] (u) Independent public accountant's report based on an examination of the 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.
- (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable.
- (y) Report describing any material inadequacies 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:
- \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18c-7(d)(2), as applicable.
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**|** Page VESTECH SECURITIES INC
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**THOMAS FAUST, CPA** Certified Public Accountant 174 Coldbrook Ct. Lafayette, IN 47909 765-237-9185 thomasfaustcpa2@gmail.com
# **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, 2022. 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, 2022 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 22, 2022
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| ASSETS | | |
|-----------------------------------------------------------------------------------|------|---------|
| CURRENT ASSETS | | |
| Cash | ಕ್ಕಾ | 311,520 |
| Deposit with clearing organization | | 50.034 |
| Commissions receivable | | 28,725 |
| Prepaid insurance | | 11,429 |
| Right of use lease asset | | 36,549 |
| TOTAL CURRENT ASSETS | | 438,257 |
| PROPERTY AND EQUIPMENT, net of accumulated depreciation | | |
| OTHER ASSETS | | |
| Right of use lease asset - non-current | | 116,120 |
| Security deposit | | 2,000 |
| TOTAL OTHER ASSETS | | 118,120 |
| | | |
| TOTAL ASSETS | \$ | 556,377 |
| LIABILITIES AND STOCKHOLDER'S EQUITY | | |
| CURRENT LIABILITIES | | |
| Accrued salaries and commissions payable | | 57,285 |
| Accounts payable | | 2,706 |
| Lease obligation payable | | 36,549 |
| TOTAL CURRENT LIABILITIES | | 96,540 |
| LONG-TERM LIABILITIES
Lease obligation payable | | 116,120 |
| | | |
| 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 | | 247,715 |
| TOTAL STOCKHOLDER'S EQUITY | | 343,717 |
| TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY | S | 556,377 |
### **THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.**
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.