# CJS SECURITIES, INC. X-17A-5 (2026-03-02) — Broker-dealer annual report - Company: CJS SECURITIES, INC. - Form: X-17A-5 - Filed: 2026-03-02 - Period: 2025-12-31 - Accession: 0001056688-26-000004 - CIK: 1056688 - File #: 8-50853 - Type: Broker-dealer - Material weakness: No - Auditor: Berkower LLC - Auditor location: Iselin, NJ - Contact: Benjamin Wetchler - Phone: 914-761-9195 - Email: cstrauzer@cjs-securitles.com - Website: cjs-securitles.com - Signed by: Robert Labick (President) Original filing: https://www.sec.gov/Archives/edgar/data/1056688/000105668826000004/cjssecuritieslongform.pdf --- {0}------------------------------------------------ CJS SECURITIES, INC. AUDITED FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2025 {1}------------------------------------------------ CJS SECURITIES, INC. REPORT PURSUANT TO RULE 17a-5(d) YEA..ll ENDED DECEMBER 31, 2025 {2}------------------------------------------------ # CJS SECURITIES, INC. DECEMBER 31, 2025 #### **CONTENTS** | Facing Page -
Oath or Affirmation | 1-2 | |-------------------------------------------------------------------------------------|------| | Report of Independent Registered Public Accounting Firm | 3 | | Statement of Financial Condition | 4 | | Statement of Income | 5 | | Statement of Changes in Shareholders' Equity | 6 | | Statement of Cash Flows | 7 | | Notes to Financial Statements | 8-14 | | Supplemental Information: | | | Computation of Net Capital Under SEC Rule 15c3-1 | 16 | | Computation for Determination of the Reserve Requirements
Under SEC Rule 15c3-3 | 17 | | Information Relating to Possession or Control Requirements
Under SEC Rule 15c3-3 | 17 | | Supplementary Reports: | | | Report of Independent Registered Public Accounting Firm | 19 | | Exemption Report | 20 | {3}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION** Washington, D.C. 20549 # ANNUAL REPORTS FORM X-17A-S **PART** Ill 0MB APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 > SEC FILE NUMBER 8-50853 **FACING PAGE** **Information Required Pursuant to Rules 17a-S, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** FILING FOR THE PERIOD BEGINNING January 1, 2025 AND ENDING December 31, 2025 **MM/00/YY MM/DD/YY A. REGISTRANT IDENTIFICATION** NAME oF FIRM: CJS Securities, Inc. TYPE OF REGISTRANT (check all applicable bo>12/31 | 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 customer. | | | | | | | ![](_page_4_Picture_2.jpeg) ~-·gn-atur\_e=\_/~\_:0 \_\_ ";{ \_\_\_ ~1& \_\_ .,;/ \_\_ e\_-25-Zf, Title: ~ Inc. President, CJ\$ Securities, #### This fllin~• **contains (check all applicable boxes):** - ii (a) Statement of financial condition. - iii! (b) Notes to consolidated statement of financial condition. - ~ (c) Statement of Income (loss) or, If there Is other comprehensive Income In the perlod(s) presented, a statement of comprehensive Income (as defined in § 210.1-02 of Regulation S-X). - ii (d) Statement of cash flows. - !! (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors. - ~ (g) Notes to consolidated financial statements. - ii (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. - ii U) 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 240.1Sc3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.1Sc3-3. - ii (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - D (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. - ii (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.lSa-1, 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. - □ (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-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. - ii (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.lSa-7, as applicable. - 0 (t) Independent public accountant's report based on an examination of the statement of financial condition. - ii (u) Independent publlc 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. - iii (w} Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or.17 CFR 240.lSa-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. - 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: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - - \*\*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. • {5}------------------------------------------------ ![](_page_5_Picture_0.jpeg) 517 Route One, Suite 4103 lselin, NJ 08830 **m** (732) 181-2112 berkower. io #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Shareholders of CJS Securities, Inc.: #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of CJS Securities, Inc. (the "Company") as of December 31, 2025, the related statements of income, changes in shareholders' equity, and cash flows for the year ended December 31, 2025, 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, 2025, and the results of its operations and its cash flows for the year ended December 31, 2025, 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 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 Statements are 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 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 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. We believe that our audit provides a reasonable basis for our opinion. #### **Supplemental Information** The supplemental information, Computation of Net Capital Under SEC Rule 15c3-1: Computation for Determination of the Reserve Requirements Under SEC Rule 15c3-3; and Information Relating to Possession or Control Requirements Under SEC Rule 15c3-3 (the "Supplemental Information") 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 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 our opinion on the Supplemental Information, we evaluated whether the Supplemental Information, including its form and content, is presented in conformity with 17 C.F.R.§ 240.17a-5. In our opinion, the Supplemental Information is fairly stated, in all material respects, in relation to the Financial Statements as a whole. We have served as the Company's auditor since 2018. Berkower LLC lselin, New Jersey February 27, 2026 **Miami** • **Los Angeles** • **Cayman Islands** {6}------------------------------------------------ ### **CJS SECURITIES, INC. STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2025** # **ASSETS** | Cash and cash equivalents | \$
3,950,006 | |--------------------------------------------------|-----------------| | Clearing broker deposit | 100,168 | | Commissions receivable -
clearing broker | 111,513 | | Commissions receivable -
other broker-dealers | 41,095 | | Syndicate income receivable | 497,802 | | Right-of-use asset | 183,454 | | Prepaid expenses and other assets | 133,999 | | | | | TOT AL ASSETS | \$
5,018,037 | #### **LIABILITIES AND SHAREHOLDERS' EQUITY** | Liabilities: | | |--------------------------------------------|-----------------| | Lease liability | \$
183,454 | | Accrued expenses | 46,136 | | TOT AL LIABILITIES | 229,590 | | Shareholders' Equity: | | | Capital stock | 100 | | Retained earnings | 4,788,347 | | TOTAL SHAREHOLDERS' EQUITY | 4,788,447 | | TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | \$
5,018,037 | {7}------------------------------------------------ #### **CJS SECURITIES, INC. STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2025** #### **Revenues:** | Consulting | \$
375,000 | |----------------------------------------------|-----------------| | Commissions | 1,966,228 | | Commissions -
research services | 2,402,080 | | Syndicate fees | 2,070,444 | | Interest income | 18,492 | | TOTAL REVENUES | 6,832,244 | | Expenses: | | | Employee compensation and benefits | 2,893,055 | | Technology and communications | 383,160 | | Floor brokerage, clearance and exchange fees | 271,606 | | Occupancy and equipment | 169,009 | | Professional, regulatory and statutory fees | 134,340 | | Marketing, travel and entertainment | 150,039 | | Other | 71,753 | | TOT AL EXPENSES | 4,072,962 | | NET INCOME | \$
227592282 | {8}------------------------------------------------ ### **CJS SECURITIES, INC. STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE YEAR ENDED DECEMBER 31, 2025** | | Capital Stock | | Retained
Earnings | | Total | | |----------------------------|---------------|-----|----------------------|----|-------------|--| | Balance, January 1, 2025 | \$ | 100 | \$
4,840,096 | \$ | 4,840,196 | | | Net income | | | 2,759,282 | | 2,759,282 | | | Distributions | | | (2,811,031) | | (2,811,031) | | | Balance, December 31, 2025 | \$ | 100 | \$
427882347 | \$ | 427882447 | | {9}------------------------------------------------ #### **CJS SECURITIES, INC. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2025** #### **Cash flows from operating activities:** | Net income | | \$
2,759,282 | |----------------------------------------------------------|----------------|-----------------| | Amortization of operating lease Right-of-use asset | \$
(95,716) | | | Adjustments to reconcile net income to net cash provided | | | | by operating activities: | | | | Decrease in commissions receivables | 108,689 | | | Increase in syndicate receivable | (316,604) | | | Increase in prepaid expenses and other assets | (3,504) | | | Increase in operating lease liability | 95,716 | | | Increase in accrued expenses | 410 | | | Net adjustments | | (211,009) | | Net cash provided by operating activities | | 2,548,273 | | Cash flows from financing activities: | | | | Distributions to shareholders | | (2,811,031) | | Net cash used in financing activities | | (2,811,031) | | Net decrease in Cash and cash equivalents | | (262,758) | | Cash and cash equivalents -
January 1, 2025 | | 4,212,764 | | Cash and cash equivalents -
December 31, 2025 | | \$
329502006 | {10}------------------------------------------------ ## **NOTE 1. ORGANIZATION AND NATURE OF BUSINESS** CJS Securities, Inc. (the "Company") is a securities broker-dealer registered with the Securities and Exchange Commission ("SEC") and Financial Industry Regulatory Authority, Inc. ("FINRA"), both effective July 1998. The Company was incorporated in New York State in November 1997. It operates from its head office located in White Plains, New York. The Company's principal lines of business are: - o Introducing broker-dealer its customers' securities transactions are cleared on a fully disclosed basis through a clearing broker. - o Investment research services. - o Advisory and consulting services; and - o Securities syndication and underwriting as a selling group member. The Company is not subject to the requirements of SEC Rule 15c3-3 because it operates in accordance with the requirements of Rule 15c3-3's exemptive paragraph (k) (2) (ii) as well as Footnote 74 of SEC Release 34-70073, amending 17 C.F.R. §240.l 7a-5(d)(l) and (4). ## **NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** #### Basis of Presentation The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") as detailed in the Financial Accounting Board's ("F ASB") Accounting Standards Codification ("ASC"). #### Use of Estimates The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect amounts reported and disclosed in the financial statements. Actual results could differ from those estimates. #### Cash Equivalents The Company considers all highly liquid instruments purchased with a maturity date of three months or less when purchased to be cash equivalents. On December 31, 2025, cash and cash equivalents were \$3,950,006 of which cash equivalents was an insured money management account (IMMA) held at a major financial institution in the amount of \$2,564,054. #### Receivables Commissions from clearing brokers, other broker dealers and syndicate receivables in the total amounts of \$111,513; \$41,095 and \$497,802, respectively, as of December 31, 2025, are stated at net realizable value. No allowance for credit losses was required based upon the Company's assessment in accordance with *ASC 326, Financial Instruments* - *Current Expected Credit Losses ("CECL ").* This standard requires the immediate recognition of estimated credit losses expected over the life of the financial asset. {11}------------------------------------------------ #### **NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** - *continued* Receivables --:- *continued* The Company's CECL evaluation considered factors such as historical experience; credit quality; terms; current and future economic conditions; and other matters relevant to collectability. #### Revenue Recognition The Company recognizes revenues in accordance with *ASC 606, Revenue from Contracts with Customers.* Its core principle is that revenue is recognized to depict the transfer of promised services in the amount expected to be realized in exchange, all according to the terms of the customer agreements. When that consideration is uncertain or variable, revenue is recognized only to the extent that it is not probable of being reversed in the future. Revenue recognition is net of amounts deemed not probable of realization. For commissions income, the Company buys and sells securities on behalf of its customers, for which the Company charges a commission. Commissions and related clearing expenses are recorded on the securities trade date. The Company believes that its performance obligations are satisfied on the trade date because that is when the investment, pricing and counterparties are agreed upon, and the risks and rewards of ownership have been transferred. The Company has arrangements with other broker-dealers to provide ongoing research services, for which it earns a share of Commissions income earned by those broker-dealers. The Company recognizes this Commissions income when the agreed-upon research services are completed; the customer acknowledges the associated benefit; and collection is probable. The Company recognizes Consulting fees revenue when earned, as set forth in the terms of the customer agreements. Normally, this is when the required advisory or consulting services are performed. When the right to receive payment is dependent upon the closing of an associated transaction, revenue is recognized upon the transaction's closing date. There were \$375,000 of consulting fees for the year-ended December 31, 2025. The Company earns Syndicate fees as a selling group member of securities underwriting syndicates. The Company recognizes these revenues on the securities trade date, at which point the Company has satisfied its performance obligations by completing the selling process and collection is relatively assured. Fair Value Measurement "Fair value" is required by GAAP instead of historical cost for reporting certain financial assets and liabilities, transactions, and events. *ASC 820, Fair Value Measurements and Disclosures* establish a framework for measuring fair value and expands fair value measurement disclosures. {12}------------------------------------------------ #### **NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** - *continued* Fair Value Measurement - *continued* *ASC 820* establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value into three broad levels explained below: *Level 1* - Valuations based on quoted prices available in active markets for identical investments. *Level 2* - Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. *Level 3* - Valuations based on inputs that are unobservable and significant to the overall fair value measurement. The availability of observable inputs can vary from instrument to instrument and is affected by a wide variety of factors. This includes the type of instrument, whether the instrument is new and not yet established in the marketplace~ and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for instruments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the instrument is reported in the lowest level that has a significant input. Even when inputs are not observable, the Company's own assumptions and methodologies are established to reflect those that market participants would use in pricing the asset or liability at the measurement date. In addition, during periods of market dislocation, the observability of inputs may be reduced for many instruments. This condition could cause an instrument to be reclassified to a lower level within the fair value hierarchy. Income Taxes: The Company uses the asset and liability method in providing income taxes. The asset and liability method requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the statement of financial condition or tax returns. As of December 31, 2025, deferred income taxes are not material. #### **NOTE 3. CASH AND CASH EQUIVALENTS** The Company's bank and clearing broker balances are protected by Federal Deposit Insurance Corporation ("FDIC") and Securities Investor Protection Corporation ("SIPC") insurance coverage. Generally, FDIC and SIPC insurance cover balances up to \$250,000 and \$500,000, respectively. The Company's financial balances regularly exceed insured limits. The Company monitors the financial institutions it deals with. No such credit losses have been incurred. {13}------------------------------------------------ ### **NOTE 4. FINANCIAL TRANSACTIONS WITH OFF-BALANCE-SHEET CREDIT RISK** The Company's activities involve the introduction of securities transactions on a fully disclosed basis to a clearing broker on behalf of its customers. The contractual agreement with the clearing broker provides that the Company is liable in the event its customers are unable to fulfill their contracted obligations with the clearing broker. The customers' activities are transacted on either a cash or margin basis through the facilities of a clearing broker. In margin transactions, the clearing broker extends credit to customers, subject to various regulatory and margin requirements, collateralized by cash and securities in the customers' accounts. In connection with these activities, the clearing broker executes and clears customers' transactions involving the sale of securities not yet purchased ("short sales"). These transactions may expose the Company to significant off-balance sheet risk in the event its customers fail to satisfy their obligations to the clearing broker. The Company may then be required to compensate the clearing broker for losses incurred on behalf of the customers. The Company, through its clearing broker, seeks to control the risks associated with its customers' activities by requiring customers to maintain margin collateral in compliance with various regulatory and the clearing broker's internal guidelines. The clearing broker monitors required margin levels daily and, pursuant to such guidelines, requires the customers to deposit additional collateral, or reduce positions, when necessary. #### **NOTE 5. INCOME TAXES** The Company has elected to be taxed under Subchapter S of the Internal Revenue Code and a similar provision in New York State. Accordingly, the Company is not considered a taxable entity for federal and state purposes. Any taxable income, losses or credits are reported by each stockholder on their individual tax returns. The Company is subject to the New York State Franchise tax which amounted to the minimum tax of \$3,000 for the year ended December 31, 2025, and is included in "Other" expenses in the Statement of Income. Effective for tax years beginning on or after January 1, 2021, the state of New York implemented the Pass-Through Entity Tax (PTET). The New York PTET gives eligible pass-through entities the option to elect paying tax at the entity level on New York sourced business income. NYS PTET tax payment of \$211,031 was reported as a shareholders' distribution for the year ended December 31, 2025. This distribution amount is net a NYS PTET overpayment of \$18,969 which is included in "Prepaid expenses and other assets" in the accompanying statement of financial condition. {14}------------------------------------------------ #### **NOTE 6. NET CAPITAL REQUIREMENTS** The Company is subject to the SEC Uniform Net Capital Rule 15c3-1. This rule requires the maintenance of minimum net capital and that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Further, equity capital may not be withdrawn if the resulting net capital ratio would exceed 10 to 1. On December 31, 2025, the Company's net capital was \$4,156,646 which was \$4,056,646 in excess of its required net capital of\$100,000. The Company's ratio of aggregate indebtedness to net capital was 0.01 to 1. #### **NOTE** 7. **LEASES** The Company accounts for leases in accordance withASC *842, Leases.* The Company is a lessee in a non-cancellable operating lease for office space covering the period December 1, 2024, through November 30, 2027. The total lease term is through November 30, 2030, with an option to cancel on November 30, 2027. The remaining lease commitment is summarized below. Future minimum lease payments as of December 31, 2025 | 2026 | 108,677 | |------|---------| | 2027 | 101,444 | | 2028 | 113,068 | | 2029 | 115,329 | | 2030 | 107,653 | The Company's office space lease requires it to make variable payments for the Company's proportionate share of the building's property taxes, insurance, common area maintenance and parking. Total occupancy cost for the year ended December 31, 2025, was \$120,852. A discount rate of 6.85% was used when measuring the right-of-use asset and lease liability as of December 31, 2025. {15}------------------------------------------------ #### **NOTE 8. SINGLE SEGMENT REPORTING** The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services, including principal transactions, agency transactions, investment banking, investment advisory, and venture capital businesses. The Company 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 Company. 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 reinvest profits or pay dividends. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. #### **NOTE 9. COMMITMENTS, CONTINGENCIES AND GUARANTEES** The Company may be involved in litigation, claims and regulatory actions arising out ofits business as a securities broker dealer. The Company is not aware of any such matters for the year ended December 31, 2025. The Company had no commitments, guarantees or indemnifications as of December 31, 2025. #### **NOTE 10. RETIREMENT PLAN** The Company has a 40l(k) program, which matches employee contributions to up to 3% of total compensation for non-highly compensated employees. For the year ended December 31, 2025, a Company matching contribution was \$13,088. #### **NOTE 11. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS** The Company is subject to ongoing revisions to the GAAP standards in effect applicable to the preparation of its financial statements. The Company has either evaluated or is currently evaluating the impact of pending F ASB pronouncements. The Company believes that these future standards will not have a material impact on its financial statements. {16}------------------------------------------------ #### **NOTE 12. RELATED PARTY TRANSACTIONS** The Company has an agreement with a related company (CJS Securities IA, Inc. as of April 25, 2023) owned by the same shareholders for the use of the office space, utilities, and certain office equipment. The Company incurs 100% of the lease obligation and related expenses. This agreement is on a month-to-month basis and can be terminated at any time by either party without incurring any liabilities. The Company did not incur any expenses under the related party agreement during the year ended December 31, 2025. #### **NOTE 13. SUBSEQUENT EVENTS** The Company has evaluated subsequent events through the date these financial statements were issued. No material subsequent events occurred during this period that were required to be recognized or disclosed in these financial statements. The Company distributed \$1,250,000 to its . shareholders in January 2026. {17}------------------------------------------------ # SUPPLEMENTAL INFORMATION {18}------------------------------------------------ # **CJS SECURITIES, INC. COMPUTATION OF NET CAPITAL UNDER SEC RULE 15c3-1 DECEMBER 31, 2025** | Total Shareholders' Equity | | \$
4,788,447 | |-------------------------------------------------------|-----------|-----------------| | Less: Non Allowable Assets | | | | Other broker dealers receivables in excess of 30 days | | | | Syndicate income receivable | (497,802) | | | Prepaid expenses and other assets | (133,999) | | | Total non allowable assets | | (631,801) | | | | | | Net Capital | | \$
4,156,646 | | | | | | Net Capital Requirement -
greater of: | \$ | | | 6 2/3% of Aggregate Indebtedness | 3,076 | | | Minimum Net Capital | 100,000 | 100,000 | | Excess Net Capital | | \$
4,056,646 | | | | | | Aggregate Indebtedness -
Accrued Expenses | | \$
46,136 | | | | | | Ratio of Aggregate Indebtedness to Net Capital | | 0.01 to 1 | There were no material differences between the above computation and the computation included in the Company's unaudited Form X-l 7A-5, Part IIA filing as of December 31, 2025 See Report of Independent Registered Public Accounting Firm -16- {19}------------------------------------------------ #### CJS SECURITIES, INC. COMPUTATION FOR DETERMINATION OF THE RESERVE REQUIREMENTS UNDER SEC RULE 15c3-3 AND INFORMATION RELATING TO POSSESSION OR CONTROL REQUIREMENTSUNDER SEC RULE 15c3-3 DECEMBER 31, 2025 ## *Computation for Determination of the Reserve Requirements Under SEC Rule* J *5c3-3* The Company was not subject to the reserve requirements of SEC Rule 15c3-3 because it operated in accordance with the requirements of exemptive paragraph (k) (2) (ii) of SEC Rule 15c3-3 as well as Footnote 74 of SEC Release 34-70073 amending 17 C.F.R. §240. l 7a-5(d)(l) and (4). #### *Information Relating to Possession or Control Requirements Under SEC Rule 15c3-3* The Company was not subject to the possession or control requirements of SEC Rule 15c3-3 because it operated in accordance with the requirements of exemptive paragraph (k) (2) (ii) of SEC Rule 15c3-3 as well as Footnote 74 of SEC Release 34-70073 amending 17 C.F.R. §240.17a-5(d)(l) and (4). See Report of Independent Registered Public Accounting Firm {20}------------------------------------------------ # SUPPLEMENTARY REPORTS {21}------------------------------------------------ ![](_page_21_Picture_0.jpeg) #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Shareholders of CJS Securities, Inc.: We have reviewed management's statements, included in the accompanying Exemption Report, in which 1) CJS Securities, Inc. (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) ("exemption provisions"); 2) The Company met the identified exemption provisions 17 C.F.R. § 240.15c3-3 (k)(2)(ii) throughout the most recent fiscal year without exception; 3) The Company is also filing this Exemption Report because the Company's other business activities contemplated by Footnote 74 of the SECS Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 are limited to (1) corporate securities underwriting as a selling group member; and (2) performing investment research and advisory services; and the Company (1) 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; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. The Company's management is responsible for compliance with the exemption provision and its statements. The Company's management is also responsible for compliance with the provisions contemplated by Footnote 7 4 of SEC Release 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5, and related SEC Staff Frequently Asked Questions and its statements. Our 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 Company'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 provision set forth in paragraph (k)(2)(ii) of Rule 15c3-3 under the Securities Exchange Act of 1934 and the Company'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, and related SEC Staff Frequently Asked Questions. Berkower LLC lselin, New Jersey February 27, 2026 {22}------------------------------------------------ # **CJS SECURITIES, INC. EXEMPTION REPORT YEAR ENDED DECEMBER 31, 2025** CJS Securities, Inc. (the "Company") 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-S(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 most recent fiscal year without exception; - 3) The Company is also filing this Exemption Report because the Company'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 are limited to (1) corporate securities underwriting as a selling group member; and (2) performing investment research and advisory services; and the Company (1) 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; and (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. CJS Securities, Inc. I, Robert Labick, swear that, to the best of my knowledge and belief, this Exemption Report is true and correct. Title: President February 27, 2026 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.