# KR SECURITIES, LLC X-17A-5 (2022-02-28) — Broker-dealer annual report - Company: KR SECURITIES, LLC - Form: X-17A-5 - Filed: 2022-02-28 - Period: 2021-12-31 - Accession: 0001071909-22-000001 - CIK: 1071909 - File #: 8-51337 - Type: Broker-dealer - Material weakness: No - Auditor: Adeptus Partners, LLC - Auditor location: New York, NY - Contact: Alan Gilmore - Phone: 6097300100 - Signed by: Walter Alan Gilmore (CCO, FinOP) Original filing: https://www.sec.gov/Archives/edgar/data/1071909/000107190922000001/KRS21.pdf --- {0}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** · 0MB APPROVAL · 0MB Number: 3235-0123 Expires: Oct. 31, 2023 Estimated average burden hours per response: 12 # **ANNUAL REPORTS FORM X-17A-5 PART** Ill SEC FILE NUMBER FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 unde~Securities Exchange Act of 1934 FILING FOR THE PERIOD BEGINNING o 1 / o I l -v { . J *ti* a; /i i MM/DDM' MM/DD/VY **A. REGISTRANT IDENTIFICATION** NAME OF FIRM: \_ \_ K\_i<..\_~--'-e\_c.v\_~\_1-(i-'-i\_6....,.\_~\_1,,,\_t--\_C, \_\_\_\_\_\_ ~\_ -r!E OF REGISTRANT (check all applicable boxes): **!X** Broker-dealer D Security-based swap dealer D Check here if respondent is also an OTC derivatives dealer □ Major security-based swap participant ::- ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) ~00 *PtZt1fY* /~OoK *~0~2* (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING *W{W(t&* A[;~N ~ tLJ710,(~ *h* OS·--1L~--i,Goo *,¼tUr1°tte\$q~~pfoo1t.1e/f1te-.* Uf7j (Name) (Area Code -Telephone Number) (Email Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* A .. v *e* P1U ~ PA P:f tlG!<. 1 *t,,i,c,* ~*11\-4f '1-'1* .fJi\_ *5f* R6ti'Mq;;i··'i{; ~I' J';;J"YON- J ~Y~K 100 It (Address) (City) (State) (Zip Code) rte **of Reg;,tratloa with PCAOB)l;f** appll~bleJ **FOR OFFICIAL USE ONLY** • 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-S(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 0MB control number. {1}------------------------------------------------ ## OATH OR AFFIRMATION I, *\fV ~v* swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of II · · t,..C,, as of ::vteemP>G& ??l , 2Qld.\_, is true and correct. I urther 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. **---=---~---~---.AA'Wf-1,'-M fJ C> *i* Notary Public #### **This filing\*\* contains (check all applicable boxes):** - 0 (a} Statement of financial condition. - D (b} Notes to consolidated 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). - 0 fid} Statement of cash flows. - 0 (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. - 0 (g) Notes to consolidated financial statements. - i:g/(h} Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - D Ji} Computation of tangible net worth under 17 CFR 240.18a-2. - ff (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - D (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. - D Yl Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - 0 (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. - D (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 240.18a-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. - D (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. - D (r} Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (s} Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (t} Independent public accountant's report based on an examination of the statement of financial condition. - D (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. - D (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. - D (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. - D (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}. D(z) other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - - *\*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-S(e)(3) or 17 CFR 240.18a-7{d}{2), as applicable.* {2}------------------------------------------------ ### KR SECURITIES, LLC Financial Statements and Supplementary Information For the Year Ended December 31, 2021 (With Report of Independent Registered Public Accounting Firm Thereon) These financial statements and schedules should be deemed confidential pursuant to Subparagraph (e) (3) of Rule 17a-5 {3}------------------------------------------------ # **CONTENTS** | Report of Independent Registered Public Accounting Firm | 2 -3 | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | Financial Statements | | | Statement of Financial Condition | 4 | | Statement of Operations | 5 | | Statement of Changes in Member's Equity | 6 | | Statement of Cash Flows | 7 | | Notes to Financial Statements | 8 -13 | | Supplementary Information | | | Computation of Net Capital Pursuant to Rule 15c3-1
Schedule I -
of the Securities and Exchange Commission | 14 | | Computation for Determination of Reserve
Schedule II -
Requirements Pursuant to Rule 15c3-3 and Information
Relating to the Possession or Control Requirements Under Rule 15c3-3 | 15 | | Report of Independent Registered Public Accounting Firm Regarding
Rule 1 Sc3-3 Exemption Report | 16 | | Rule 15c3-3 Exemption Report | 17 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member of KR Securities, LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of KR Securities, LLC as of December 31 , 2021, the related statements of operations, changes in member's 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 KR Securities, LLC as of December 31 , 2021 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 KR Securities, LLC's management. Our responsibility is to express an opinion on KR Securities, LLC'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 KR Securities, LLC 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. {5}------------------------------------------------ ![](_page_5_Picture_0.jpeg) #### **Supplemental Information** The Schedule I, Computation of Net Capital \_Under SEC Rule 15c3-1 and Schedule II, Computation for Determination of Reserve Requirements Under SEC Rule 15c3- 3, (collectively the "Schedules") have been subjected to audit procedures performed in conjunction with the audit of KR Securities, LLC's financial statements. The supplemental information is the responsibility of KR Securities, LLC'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. §240.1 ?a-5. In our opinion, the schedules, are fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as KR Securities, LLC's auditor since 2018. Ocean, New Jersey February 23, 2022 {6}------------------------------------------------ #### STATEME T OF FI A CIAL CO DITIO December 31, 2021 #### ASSETS | Cash and cash equivalents | \$
777 | |----------------------------------------|-----------| | et receivable from brokers and dealers | 45,662 | | Total assets | \$ 46 439 | #### MEMBER'S EQUITY | Member's equity | 46,439 | |-----------------------|-----------| | Total member's equity | \$ 46 439 | See accompanying notes to financial statements. {7}------------------------------------------------ #### STATEMENT OF OPERATIONS For the Year Ended December 31, 2021 | Revenue | | |-----------------------------------|-------------| | Commissions | \$32,529 | | Principal transactions | 27,101 | | Distribution service fee | 3,102 | | | | | Total revenues | 62,732 | | Expenses | | | Allocated administrative expenses | 18,000 | | Clearance and commission fees | 60,000 | | Insurance expense | 1,622 | | Dues and subscriptions | 12,065 | | Other operating expense | 322 | | Total expenses | 92,009 | | Net Loss | \$ (29 277) | See accompanying notes to financial statements {8}------------------------------------------------ #### STATEMENT OF CHANGES IN MEMBER'S EQUITY For the Year Ended December 31, 2021 Member's equity, beginning of year Net loss Member's equity, end of year \$ 75,716 (29,277) \$ 46 439 See accompanying notes to financial statements {9}------------------------------------------------ #### STATEME T OF CASH FLOWS #### For the Year Ended December 31, 2021 | Cash flows from operating activities | | |--------------------------------------------------|------------| | et loss | \$(29,277) | | Adjustments to reconcile net loss to net | | | cash used in operating activities | | | Changes in operating assets: | | | et receivable from brokers and dealers | 7.519 | | et cash used in operating activities | (21,758) | | et decrease in cash and cash equivalents | (21,758) | | beginning of year
Cash and cash equivalents - | 22,535 | | end of year
Cash and cash equivalents - | m
\$ | See accompanying notes to financial statements {10}------------------------------------------------ #### OTES TO FI A CIAL STATEME TS December 31, 20201 # **N OTE 1- SUMMARY OF ACCOUNTING POLICIES** #### Organization KR Securities, LLC (the "Company") is a single-member Delaware limited liability company. The Company is a wholly-owned subsidiary of Krieger, Ruderman & Co., LLC (the "Parent" or "Member"). The Company is registered with the Securities and Exchange Commission as a broker-dealer and is a member of Financial Industry Regulatory Authority. The Company does not carry customers' accounts and does not receive, deliver, or hold cash or securities in connection with such transactions. The Company has a clearing agreement with RBC Correspondent Clearing Services ("RBC") whereby RBC clears transactions for the Company's customers and carries the accounts of such customers on a fully disclosed basis as customers of RBC. Accordingly, customer open transactions are not reflected on the accompanying statement of financial condition. The Company is exposed to credit losses on these open transactions in the event of nonperformance by its customers. This exposure is reduced by the Company's policy of obtaining and maintaining adequate collateral until open transactions are completed. ## Basis of Accounting The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") ## Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. #### Securities Transactions Transactions in securities are recorded on the trade date. Securities owned and securities sold, but not yet purchased are recorded at market value on a trade-date basis. Securities sold, but not yet purchased are subject to market fluctuations which may require purchasing the securities at prices which may differ from the market value reflected on the statement of financial condition. #### Commissions Commission revenues and related expenses from customer transactions are recorded on the trade date. When acting as broker or dealer, the Company will be entitled to receive brokerage commissions, markups or mark-downs. {11}------------------------------------------------ #### NOTES TO FINANCIAL STATEMENTS (continued) December 31, 2021 # **NOTE 1- SUMMARY OF ACCOUNTING POLICIES (continued)** #### Cash and cash equivalents Cash and cash equivalents include cash and short-term money market instruments with original maturity dates of three months or less. ## Concentration of credit risk The Company is engaged in various trading and brokerage activities in which counterparties primarily include broker-dealers, banks, and other financial institutions. In the event counterparties do not fulfill their obligations, the Company may be exposed to risk. The risk of default depends on the creditworthiness of the counterparty or issuer of the instrument. It is the Company's policy to review, as necessary, the credit standing of each counterparty. The Company maintains its cash balances with quality financial institutions. The balances are insured by the Federal Deposit Insurance Corporation up to \$250,000 per financial institution. #### Income Taxes The Company is a single-member limited liability company. The taxable income or loss of the Company is allocated to and included in the tax returns of the individual members of the Parent. The Company may be subject to state and local taxes in certain jurisdictions in which they operate. Management evaluated the Company's tax positions and concluded that the Company had taken no uncertain tax positions that require adjustments to the financial statements. {12}------------------------------------------------ #### NOTES TO FINANCIAL STATEMENTS (continued) December 31, 2021 #### **N OTE 2** - **REVEN UE RECOGNITION** Revenues are recognized when control of the promised services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Revenues are analyzed to determine whether the Company is the principal (i.e., reports revenues on a gross basis) or agent (i.e., reports revenues on a net basis) in the contract. Principal or agent designations depend primarily on the control an entity has over the product or service before control is transferred to a customer. The indicators of which party exercises control include primary responsibility over performance obligations, risk before the good or services is transferred and discretion in establishing the price. #### Commission Revenue Commission revenue represents sales commission generated by advisors for their clients' purchases and sales of securities on exchanges and over-the-counter, as well as purchases of other investment products. The Company views the selling, distribution and marketing, or any combination thereof, of {13}------------------------------------------------ #### **NOTES TO FINANCIAL STATEMENTS (continued)** December 31, 2021 ## **N OTE 2** - **REVENUE RECOGNITION (continued)** investment products to such clients as a single performance obligation to the product sponsors. The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchase is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to/ from the customer. The Company is the principal for commission revenue, as it is responsible for the execution of clients' purchase and sales and maintains relationships with the product sponsors. The advisors, if any, assist the Company in performing its obligations. Accordingly, total commission revenues are reported on a gross basis. The following table presents our total comrruss1on revenue \_ disaggregated by investment product category: # Year ended December 31, 2021 \$32,529 The Company generates sales-based commission revenue that is recognized at the point of sale on the trade date. Sales based commissions revenue varies by investment product and is a set amount based on the number of shares or based off the standard commission policy. The following table presents our total principal transaction revenues disaggregated by investment product category: Municipal Bonds Equities Year ended December 31, 2021 \$27 101 The Company generates principal transaction revenues by entering into a riskless principal transaction with its clients. Principal transaction revenues vary by supply and demand, interest rates, coupon, maturities and credit quality. #### **NOTE 3** - **RELATED PARTY TRANSACTION** The expenses associated with management of the Company and certain other administrative expenses are allocated by the Parent to the Company pursuant to an expense allocation agreement. Accordingly, the results of operations are not necessarily indicative of those results had the Company been a stand- {14}------------------------------------------------ #### **NOTES TO FINANCIAL STATEMENTS (continued)** December 31, 2021 #### **NOTE 3 - RELATED PARTY TRANSACTION (continued)** alone entity. For the year ended December 31, 2021, the Company was allocated administrative expenses of \$18,000 from the Parent. ## **NOTE 4 - NET CAPITAL REQUIREMENTS** The Company is subject to the Securities and Exchange Commission's 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, 2021, the Company had net capital of \$41,439, which was \$36,439 in excess of its required net capital of \$5,000. The Company's net capital ratio was O to 1. The Company is exempt for Rule 15c3-3 of the Securities and Exchange Commission pursuant to the provision of subparagraph (k)(2)(ii) thereof. Proprietary accounts held at the clearing broker ("P AIB Assets") are considered allowable assets in the computation of net capital pursuant to an agreement between the Company and the clearing broker, which requires, among other things, for the clearing broker to perform a computation of P AIB Assets similar to the customer reserve computation set forth in SEC rule 15c3-3. #### **NOTE 5 - PROFIT SHARING PLAN** The Company has a nonqualified employee profit sharing plan, which provides for contributions at the discretion of management. Employees become vested over a six-year period. The Company did not make any contributions for the year ended December 31, 2021. #### **NOTE 6 - CLEARING DEPOSIT** The Company is required to maintain a security deposit of \$50,000 with RBC Correspondent Clearing Services. The Company was in compliance at December 31, 2021. {15}------------------------------------------------ #### **NOTES TO FINANCIAL STATEMENTS (continued)** December 31, 2021 #### **NOTE 7 - SUBSEQUENT EVENTS** F ASB ASC 855 requires annual disclosure of the date through which subsequent events have been evaluated, as well as whether that date is the date the financial statements were issued or the date the financial statements were available to be issued. The Company evaluated subsequent events through the report date on February 23,2022 and determined that no additional disclosures were required. {16}------------------------------------------------ #### SUPPLEMENTARY **INFORMATION** {17}------------------------------------------------ # SCHEDULE I - COMPUTATIO OF ET CAPITAL PURSUA T TO RULE 15c3-1 OF THE SEC RITIES A D EXCHA GE COMMISSIO December 31, 2021 | et capital | | |------------------------------------------------------------------|-----------| | Member's equity | \$46,439 | | Deductions and/ or charges | | | onallowable assets | | | Other deductions | 5,000 | | et capital before haircuts on securities position | 41,439 | | Haircuts on securities positions | _O | | et capital | \$~ | | Aggregate indebtedness | 0
\$ | | Aggregate indebtedness to net capital ratio | 0 to 1 | | Computation of basic net capital requirement | | | Minimum net capital required (greater of 6-2/
3% of aggregate | | | indebtedness or \$5,000) | 5,000 | | et capital in excess of requirement | \$ 36 439 | There are no material differences between the preceding computation and the Company's corresponding unaudited part II of Form X-17A-5 as of December 31, 2021. Computation for Determination of Reserve Requirements Under Rule 15c3-3 of the Securities and Exchange Commission. The Company has claimed exemption from Rule 15c3-3 of the Securities and Exchange Commission pursuant to Rule 15c3-3 (k)(2)(ii). See Report of Independent Registered Public Accounting Firm {18}------------------------------------------------ # SCHEDULE II - COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS PURSUANT TO RULE 1 Sc3-3 AND INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3 December 31, 2021 The Company is exempt from the provisions of Rule 1 Sc3-3 under the Securities Exchange Act of 1934, in that the Company's activities are limited to those set forth in the conditions for exemption appearing in paragraph (k)(2)(ii) of that Rule. See Report of Independent Registered Public Accounting Firm {19}------------------------------------------------ ![](_page_19_Picture_0.jpeg) #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON THE EXEMPTION REPORT** To the Member of KR Securities, LLC We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) KR Securities, LLC identified the following provisions of 17 C.F.R. §15c3-3(k) under which KR Securities, LLC claimed an exemption from 17 C.F.R. §240.15c3-3: (2)(ii) (exemption provisions) and (2) KR Securities, LLC stated that KR Securities, LLC met the identified exemption provisions throughout the most recent fiscal year without exception. KR Securities, LLC'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 KR 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 15c3-3 under the Securities Exchange Act of 1934. Ocean, New Jersey February 23, 2022 {20}------------------------------------------------ #### Exemption Report December 31, 2021 KR Securities, LLC claims an exemption from Rule 240.15c3-3 based on provision (k) (2) (ii) of the Rule. All of KR Securities, LLC customer transactions are cleared through another broker-dealer on a fully disclosed basis. KR Securities, LLC met the terms of the identified exemption throughout its most recent fiscal year (December 31, 2021) without exception. I, Walter Alan Gilmore, swear (or affirm) that the aforementioned statements are true. ,...., .~~.~re a e Officer and FinOp ,LLC {21}------------------------------------------------ - 12(B) Mr. Richard Ruderman KR Securities, LLC 600 Pretty Brook Road Princeton, NJ 08540 - 2(B) Securities and Exchange Commission Office of Filing and Information Systems Attention: Registrations Branch Mail Stop 8031 100 F Street NE Washington, D.C. 20549 202-551-6551 , 212-336-1100 - l(B) Securities and Exchange Commission George S. Canellos, Regional Director 3 World Financial Center, Suite 400 New York, N.Y. 10281 - l(B) Securities Investor Protection Corporation 805 15th Street, N.W. Suite 800 Washington, DC 2005-2215 - l(B) - l(B) New York Bureau of Investment Protection and Securities 120 Broadway, 2Yd Floor New York, New York 10271 - l(B) State of New Jersey Bureau of Securities Gibraltar Building 153 Halsey Street, 6th Floor Newark, N.J. 07102 - l(B) State of Florida Department of Financial Services 200 East Gaines Street Tallahassee, FL 32399-0375 # **NOT REQUIRED TO FILE** #### **NOT REQUIRED TO FILE** #### , **NOT REQUIRED TO FILE** #### REPORT PURSUANT TO RULE 17a-S(d) AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS #### **KR SECURITIES, LLC** December 31, 2021 - 11 NY Office 1 ) Regional - - 2 Workpapers Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.