# U.S. INVESTORS, INC. X-17A-5 (2024-03-25) — Broker-dealer annual report - Company: U.S. INVESTORS, INC. - Form: X-17A-5 - Filed: 2024-03-25 - Period: 2023-12-31 - Accession: 0001069951-24-000006 - CIK: 1069951 - File #: 8-51260 - Type: Broker-dealer - Material weakness: No - Auditor: RW Group - Auditor location: Kenneth Square, PA - Contact: Dixie Butler - Phone: 5408851011 - Website: rwgroupllc.com - Signed by: Dixie Butler (President) Original filing: https://www.sec.gov/Archives/edgar/data/1069951/000106995124000006/shortfiling.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 > SEC FILE NUMBER 8-51260 # ANNUAL REPORTS FORM X-17A-5 PART III | Required
Pursuant
Information
to | PAGE
FACING
17a-5,17a-12,
and
Rules
18a-7 | under
the | Securities | | | |-----------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------|-----------------|----------------------|---------------------------------------------|--| | BEGINNING
FOR
THE
PERIOD
FILING | 01/01/2023 | | | 1934
Exchange
Act
of
12/31/2023 | | | | MM/DD/YY | AND
ENDING | | MM/DD/YY | | | REGISTRANT
IDENTIFICATION
A. | | | | | | | U.S.
NAME
InVeStOfS,
OF
FIRM: | IdC. | | | | | | OF
REGISTRANT
TYPE
(check
all applicable
0
□
Broker-dealer
Security-based
□
Check
here if respondent
is also an | boxes):
D
swap
dealer
Major
OTC
derivatives dealer | | security-based | swap
participant | | | ADDRESS
OF
OF
PRINCIPAL
PLACE | BUSINESS:
(Do
use
not
P.O.
a | box
no.) | | | | | 3303
Wilson
Ste
Blvd., | 700 | | | | | | | (No. and
Street) | | | | | | Arlington | VA | | | 22201 | | | (City) | (State) | | | (Zip Code) | | | CONTACT
REGARD
PERSON
WITH
TO | TO
THIS
FILING | | | | | | Butler
Dixie | 540-885-1011 | | | 108(gusadvisors.biz | | | (Name) | (Area Code-Telephone
Number) | | (Email Address) | | | | | B. ACCOUNTANT
IDENTIFICATION | | | | | | ACCOUNTANT
INDEPENDENT
PUBLIC
RW
LLC
Group | whose
contained
reports
are | | in this filing* | | | | (Name
- | if individual, state last, first, and | middle
name) | | | | | 400
Forge
Ln
Old | Kenneth
Square | | PA | 19348 | | | (Address) | (City) | | (State) | (Zip Code) | | | 04/23/2010 | | 5020 | | | | | (Date of Registration with PCAOB)(if
applicable) | | (PCAOB | Registration Number, | if applicable) | | | | ONLY
FOR
USE
OFFICIAL | | | | | \* 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 CFR 240.17a-5(e)(l)(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. {1}------------------------------------------------ #### OATH OR AFFIRMATION | to the
financial report
pertaining
firm
of
, as of
U-S. investors, inc.
company
corre^^t,^^j^further swear
and
any
the
nor
(or affirm) that
neither
is true
equivalent
person,
partner,
officer, director, or
as the
in any
account
ca^^'fn^:be/^j;i'^'a,ip^y proprietary
interest
classified solely
of a customer.
\\\
as that
/
.?
O
Hoy.
^
\
O' .*,
s
i-rer
'i
o
/W
●*' (i^c^sident | 1^ Dixie Butler | of my
and
, swear
knowledge
belief, the
(or affirm) that, to
the
best | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|--------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | OF | Notary Public #### This filing contains (check all applicable boxes); - (a) Statement of financial condition, e - (b) Notes to consolidated statement of financial condition, s - (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, □ - (g) Notes to consolidated financial statements, □ - (h) Computation of net capital under 17 CFR 240.15c3-l or 17 CFR 240.18a-l, as applicable, □ - (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. □ - (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, □ - (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-l, 17 CFR 240.18a-l, 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, □ - (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, s - (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, s - (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, □ - (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable, □ - (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. {2}------------------------------------------------ #### U.S. INVESTORS, INC. ### STATEMENT OF FINANCIAL CONDITION AND INDEPENDENT AUDITORS' REPORT DECEMBERS!, 2023 {3}------------------------------------------------ #### U.S. INVESTORS, INC. STATEMENT OF FINANCIAL CONDITION AND INDEPENDENT AUDITORS' REPORT DECEMBER 31,2023 # CONTENTS | | PAGE | |-------------------------------------------|------| | INDEPENDENT
REPORT
AUDITORS' | 1 | | FINANCIAL
S'FATEMENTS | | | Condition
Statement
of
Financial | 2 | | Notes
Statements
Financial
to | 3-4 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Shareholders of U.S. investors, Inc. We have reviewed management's statements, included in the accompanying Exemption Report Rule 17a-5(d)(4), in which (1) U.S. Investors, Inc. identified the following provisions of 17 C.F.R. §15c3-3(k) under which U.S. Investors, Inc. claimed an exemption from 17 C.F.R. §240.15c3-3; (1) (the "exemption provisions") and (2) U.S. Investors, inc. stated that U.S. Investors, Inc. met the identified exemption provisions throughout the most recent fiscal year without exception. U.S. Investors, Inc.'s management is responsible for compliance with the exemption provisions 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 U.S. Investors, Inc.'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)(l) of Rule 15c3-3 under the Securities Exchange Act of 1934. Kennett Square, Pennsylvania March 19, 2024 Phone: 610-713-8208 Fax: 610-807-0370 www.rwgroupllc.com ✓ {5}------------------------------------------------ #### U.S. INVESTORS, INC. STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2023 | ASSETS | | |-----------------------------------------------------------------------------------------------------------------------------------------|------------------------------| | Cash
and
cash
equivalents
Revenue
Accrued
Deposits | 25,149
\$
5,700
54 | | Assets
Total | 30.903
S_ | | AND
STOCKHOLDERS'
EQUITY
LIABILITIES | | | LIABILITIES
Accounts
payable
and
accrued
other
liabilities
Accrued
Expense
Audit | 5,800
9.000 | | Total
Liabilities
STOCKHOLDERS'
EQUITY | S
14.800 | | Common
Stock
1500
authorized
(no
par
value,
and
100
outstanding)
shares
issued
Earnings
Retained | 20,000
\$
-
(3.897) | | Equity
Stockholders'
T
otal | \$
16.103 | | and
Stockholders'
Equity
Total
Liabilities | | See accompanying Notes to Financial Statements {6}------------------------------------------------ #### U.S. INVESTORS, INC. NOTES TO FINANCIAL STATEMENTS DECEMBER 31,2023 ## NOTE 1 - ORGANIZATION U.S. Investors, Inc. (Company) is a securities broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA). # NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting and reporting policies of the Company arc in accordance with accounting principles generally accepted in the United States of America and conform to general practices within the brokerage industry. Revenue Recognition The Company uses the accrual basis of accounting. Its accounting and reporting policies conform with accounting standards ASC 606, which are in accordance with generally accepted accounting principles. For both investment company shares and variable annuity contracts, revenue is recognized at the date of the trade. For trails, both investment company shares and annuity insurance contracts, the revenue is recognized when collectible on a monthly or quarterly basis, based on the anniversary date of the investment. Accrued income consists of amounts due from investment company shares and annuity contracts. As of January 1,2023, accrued income was \$5,700. Use of Estimates ~ The preparation of financial statements in conformity with general accepted accounting principles requires management to make estimates and assumptions. This will affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reported period. Actual results could differ from these estimates. Cash and Cash Equivalents - Cash and cash equivalents consisted of cash on deposit with established federally insured financial institutions. For the purposes of the statement of cash flows, the Company considers all highly liquid instruments with original maturities of three months or less to be cash equivalents. Accrued Revenue - The opening balance of accrued revenue from trail commissions was \$5,700 on December 31.2022. ## NOTE 3 - INCOME TAXES The Company has elected to file income tax returns as a subchapter S Corporation as defined in the Internal Revenue Code. Generally, an S Corporation is not subject to income taxes but rather, items of income, loss, deduction and credit pass through to stockholders in determining their individual income tax liability. The Company complies with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740, Income Taxes which require an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on the enacted tax laws and rates applicable to the periods in which the differences arc expected to affect taxable income. Valuation allowances are established, when nccessaiy, to reduce the deferred income tax assets to the amount expected to be realized. ASC 740 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Company's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. I'ax positions not deemed to meet the more-likely-than-not threshold would be recorded as tax benefit or expense in the current year. In general, the prior three year's tax returns filed with various taxing agencies are open to examination. {7}------------------------------------------------ #### U.S. INVESTORS, INC. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2023 ### NOTE 4 - NET CAPITAL REQUIREMENTS As a broker-dealer, the Company is subject to the net capital rule adopted and administered by the Financial Industry Regulatory Authority and the Securities and Exchange Commission. This rule is designed to require broker-dealer to maintain a minimum amount of net capital, as defined, and a minimum ratio of aggregate indebtedness, as defined, to net capital. Under this rule, the ratio of aggregate indebtedness to net capital cannot exceed 15 to 1. The Company's aggregate indebtedness to net capital as of December 31, 2023, was .92 to 1 and the Company had net capital of\$16,050 which was \$11,050 in excess of its required net capital of \$5,000. a ### NOTE 5 - OTHER REGULATORY REQUIREMENTS The firm limits its business activities to the purchase, sale and redemption of shares of registered investment companies and variable annuities. Securities of customers were not accepted for safekeeping. The company does not accept customer's funds and any funds sent to the company, which consisted solely of checks payable to registered investment companies or variable annuities, were promptly remitted. The company is therefore exempt from the customer reserve requirements of SEC rule 15c3-3 under section (k)(l). ## NOTE 6 - RELATED PARTY TRANSACTIONS The Company shares office space with Butler Financial, Inc. (BFI) and other businesses also owned by Dixie Butler who is also the sole owner of the Company. BFI provides almost all of the office expenses and services for the Company, including rent, telephone, equipment and supplies. The Company does not reimburse BFI because management believes its proportional share of the expenses is not material. The Company has an agreement with its sole registered representative, who is also the sole shareholder of BFI, whereby the Company receives an annual fee from the representative. The amount is determined annually. For the year ended December 31,2023 the fee received was \$ 17,000 and is included in other income. On December 31,2023 there were no amounts due to or from the Company and its related parties. #### NOTE 7 - SUBSEQUENT EVENTS Management has evaluated subsequent events through , the date on which the financial statements were available to be issued. No events have occurred since the balance sheet date that would have a material impact on the financial statements. ### NOTE 8 - STATEMENT RELATING TO REQUIREMENT OF RULE 17a-5fdV41 'fhere were no differences existing between the computations of net capital under rule 15c3-l in this report and such computations in the respondent's most recent unaudited filing. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.