# KR SECURITIES, LLC X-17A-5 (2025-03-03) — Broker-dealer annual report
- Company: KR SECURITIES, LLC
- Form: X-17A-5
- Filed: 2025-03-03
- Period: 2024-12-31
- Accession: 0001071909-25-000001
- CIK: 1071909
- File #: 8-51337
- Type: Broker-dealer
- Material weakness: No
- Auditor: Adeptus Partners, LLC
- Auditor location: New York, NY
- Contact: Walter Gilmore
- Phone: 6092164787
- Email: agilmore@sharedfamilyoffice.com
- Website: sharedfamilyoffice.com
- Signed by: Walter Alan Gilmore (CCO & FinOP)
Original filing: https://www.sec.gov/Archives/edgar/data/1071909/000107190925000001/KRS24.pdf
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**UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549**
# **ANNUAL REPORTS FORM X-17A-S PART** Ill
| OMS APPROVAl | |
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| 0MB Number: 3235-0123 | |
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SEC FILE NUMBER
| Information Required Pursuant to Rules 17a-s. 17a-12, and 18a•7 under the Securities Exchange Act of 1934 | FACING PAGE | | | |
|-----------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------|-----------------------------------------|-----------------|--------------------------------------------------------------|
| FILING FOR THE PERIOD BEGINNING Q 1/01 /24 | | | 12131124 | |
| | MM/DD/YV | AND ENDING | MM/DD/YV | |
| | A. REGISTRANT IDENTIFICATION | | | |
| NAME OF FIRM: KR Securities, LLC | | | | |
| TYPE OF REGISTRANT (check all applicable boxes):
!:!i Broker-dealer
:7 Check here if respondent is also an OTC derivatives dealer | C Security-based swap dealer | □ Major security-based swap participant | | |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | |
| 600 Pretty Brook Road | | | | |
| | (No. and Street) | | | |
| Princeton | NJ | | | 08540 |
| (City) | (State) | | | (Zip Code) |
| PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | |
| Walter Alan Gilmore | 609-924-2500 | | | agilmore@sharedfamilyoffice.com |
| {Name) | (Area Code -Telephone Number) | | (Email Address) | |
| | B. ACCOUNTANT IDENTIFICATION | | | |
| INDEPENDENT PUBLIC ACCOUNTA ~Twhose reports are contained in this filing•
Adeptus Partners LLC | | | | |
| | (Name - if Individual, state last, first, and middle name) | | | |
| 6 East 45th Street, 9th Floor | New York | | NY | 10017 |
| (Addrell) | (City) | | (State) | {Zip Code) |
| (D,.:ac;.: te:::o::f;.;.Re:::,<:.::is.:.:t r::;atc.:io;.;. n:.:wc::it.::h .;_PC:c A;.:: O:;;.Bul.; f a=:.: | __
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FOR OFFICIAL USE ONLY | _ _,
_ | | (cPCA .:::.; O~B.:: R::.ieg=istration Number, if appllcable) |
| • 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.
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#### OATH **OR AFFIRMATION**
| | swear (or affirm) that, to the best of my knowledge and belief, the
I, Walter AJan Gilmore | | | | |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|
| | as of
financial report pertaining to the firm of KR Securities. LLC
2~_, is true and correct. I further swear (or affirm) that neither the company nor any | | | | |
| | 12/31
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. | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | CCO & FinOP | | | | |
| | | | | | |
| | Notary Public | | | | |
| | MERVYN CHEEWAH
Notari Public, State of New Jersey | | | | |
| | This filing•• contains (check all applicable boxes):
My Commission Expires Jan 24, 2028 | | | | |
| | ~ (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 5-X). | | | | |
| l!!il | (d) Statement of cash flows. | | | | |
| | lil (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. | | | | |
| D | (fl Statement of changes in liabilities subordinated to claims of creditors. | | | | |
| | lil (g) Notes to consolidated financial statements. | | | | |
| | Iii (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.lBa-1, as applicable. | | | | |
| D | (i) Computation of tangible net worth under 17 CFR 240.lBa-2. | | | | |
| | Iii (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 240.1Sc3-3 or | | | | |
| | Exhibit A to 17 CFR 240.18a-4, as applica::,le. | | | | |
| | D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. | | | | |
| [!ii | (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. | | | | |
| 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.lBa-1, or 17 CFR 240.lSa-2, as applicable, and the reserve requirements under 17 | | | | |
| | CFR 240.15c3-3 or 17 CFR 240.lSa-4, as applicable, if material differences exist, or a statement that no material differences | | | | |
| | exist. | | | | |
| D | (p) Summary of financial data for subsidicries not consolidated in the statement of financial condition. | | | | |
| l!!!il | (q) Oath or affirmation in accordance with 17 CFR 240.17a-S, 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 :.7 CFR 240.17a-S or 17 CFR 240.lBa-7, as applicable. | | | | |
| D | (t) Independent public accountant's repo-t 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 orfinancial statements under 17 | | | | |
| | CFR 240.17a-5, 17 CFR 240.lBa-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.l 7a-S or 17 CFR 240.lSa-7, as applicable. | | | | |
| D | (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-S 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-1.2, | | | | |
| | as applicable. | | | | |
- 0 (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-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable.
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## KR SECURITIES, LLC
Financial Statements and Supplementary Information
For the Year Ended December 31, 2024
(With Report oflndependent Registered Public Accounting Firm Thereon)
These financial statements and schedules should be deemed confidential pursuant to Subparagraph (e) (3) of Rule 17a-5
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## **CONTENTS**
| Report of Independent Registered Public Accounting Firm | 1 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------|
| Financial Statements | |
| Statement of Financial Condition | -1- |
| Statement of Operations | 5 |
| Statement of Changes in Member's Equity | 6 |
| Statement of Cash Flows | 7 |
| Notes to Financial Statements | 13
8 - |
| Supplementary Infonnation | |
| Computation of Net Capital Pursuant to Rule 15c3-1
Schedule I -
of the Securities and Exchange Commission | 15 |
| Computation for Detcnnination of Reserve
Schedule II -
Requirements Pursuant :o Rule 15c3-3 and Information
Relating to the Possession or Control Requirements L'ndcr Rule 15c3-3 | 16 |
| Report of Independent Registered Public Accounting Firm Regarding
Rule 1 Sc3-3 Exemption Report | 17 |
| Rule 15c3-3 Exemption Report | 18 |
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#### 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, 2024, 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 fairfy, in all material respects, the financial position of KR Securities, LLC as of December 31, 2024, 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 wi:h 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 ere free of mat1:1rial misstatement. whether due to error or fraud. Our audit induded performing procedures to **assess** the risks of material misstatement of the financial statements, whether cue to error or fraud, and performing procedures that respond to those risks. Such procedures inc:uded 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.
#### **Auditor's Report** on Supplemental Information
The Schedule I, Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities and Exchange Commission and Schedule II, Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3 and Information Relating to the Possession or Control Requirements Under Rule 15c3-3, (collectively the "Schedules") have been s1.1bjected to audit procedures performed in conjunction with the audit of KR Securities, LLC's financial statements. The Schedules are the responsibility of KR Securities, LLC's management Our audit procedures included determining whether the Schedules reconcile 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 Schedules. In forming our opinion on the Schedules, we evaluated whether the Schedules, including their form and content, are 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 March 3, 2025
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## REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
#### To the Member of KR Securities, LLC
\Ve haYc audited the accotnp:mying statement of financial condition of KR Securities, LJ.C (the "Company") as of December 31, 2024 and the rcfatcd statements of operations, changes in member's equity, and Cl\sh flows for the year d1en ended that you are filing pw:suant to rule 17a-5 under the Securities Exchange Act of 1934. These financial statements arc the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.
\Ve conducted our audit in accordance ,vith auditing standards generally accepted in the United States of \_\me.rica. Those standacds require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, cYidence suppo.rting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by tnanagcmcnt, as well as evaluating the overall financial statement prcsentacion. \'X'e bclie,c that our audit prondcs a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present faitlr. in all material respects, the financial posiri<>n of KR Securities, l ,LC as of December 31, 2024, and the results of its operations and its cash flows for the year then ended lll conformity with accounting principles generally accepted in the United States of .\merica.
Our audit was conducted for the purpose of forming an opinion on the bm:.ic financial statements taken as a whole. The information contained on pages 12 and 13 is presented for purposes of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by rule 17a-5 under the Securities Exchange Act of 193..J.. Such information has been subjected to the auditing procedures applied iJ1 our audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.
Red Bank, New Jersey Fcbt'Uaty , 2025
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## SL-\TEME.NT Of FINANCIAL CONDITION
December 31, 2024
| Ca~h and cash cquiYalmts | S
61 |
|------------------------------------------|----------|
| Net rf:'ceinble from brokers and dealers | 59,714 |
| Total assets | S.59 775 |
#### f\ffii\IBER'S EQUITY
| .Member's equity | 59,775 |
|-----------------------|----------|
| Total member's equity | S-5_9lli |
Sec accompanying notes to financial statements.
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## ST,\ TEMENT Of OPERATIONS
#### For the Year Ended December 31, 2024
| Re,·c1mc | |
|----------------------------------------|----------|
| Commissions | S 34,243 |
| P1-incipa1 transactions | 15,134 |
| Distribution service fee | 2,47-4- |
| | |
| Total rc,·enues | 51,851 |
| Expenses | |
| Allocated administtati,·c e.'\.1)Cnses | -1-,000 |
| Clearance and commission fees | 59,740 |
| Insurance expense | 1,622 |
| Dues and subscriptions | 15,899 |
| Other operating expense | 202 |
| Total expenses | 81.463 |
| Net Loss | |
Sec accompanying notes to financial statements
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#### STATEMENT OF CHANGES IN MEMBER'S EQL'ITY
For the Year Ended December 31. 2024
| r-.Iembcr's equity, beginning of year | S
84,387 |
|---------------------------------------|-------------|
| Partner C:ipital Contribution | 5,000 |
| Net loss | (29,612) |
| Member's equity, end of year | SL 59,775 |
Sec accompanying notes to financial statements
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# ST.\TEMENT OF CASH nows
## foe the **Y cac** Ended December 31, 2024
| Cash flmvs used in operating actiYities
Net loss | S(.29,612) |
|-------------------------------------------------------------------------------|------------|
| Adjusanents to reconcile net loss to net
cash used in operating actn-ities | |
| Cash flows from operating acti,-itics: | |
| Changes in operating a~sets: | |
| Net rccei,·able from brokers and dealers | |
| Net cash used in operating acti,-ities | (29,436) |
| Cash flows from finand.ng ncci,-ities: | |
| Partner Capital Contributions | 5.000 |
| Net Cash prm-ided by financing acth-ities | 5,000 |
| Net decrease in cash and cash equiya}ents | (24,436) |
| beginning of year
Cash and cash equintlen~ - | 24,497 |
| end of year
Cash and cash equivalents - | |
Sec accompanying notes to financial statements
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#### NOTES TO FINANCI.-\J, STXl'EMENTS
#### December 31, 2024
# **NOTE 1- SUMMARY** OF **ACCOUNTING** POLICIES
### Organization
**KR** Securities, LLC (the "Company") is a single-member Delaware linl.ited liability company. The Company is a whoUy-owncd subsidia.cy of Krieger, Ruderman & Co., I.LC (the "Parent" or "Member").
The Company is registered with the Securities and Exchange Commission as a broker-dealer and is a member of Financial Indus~· Regulatory Authority.
111c Company does not carry customers' accounts and docs not recciYe, dclh·cr or hold cash or securities in connection with such transactions. The Company has a clearing agreement with RBC Correspondent Clearing Scrrices ("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 arc not rctlectcd on the accompanying statement of financL-,l condition. The Company is exposed to credit losses on these open transactions in the event of nonperfonnancc by its customers. This exposure is reduced by the Company's policy of obtaining and maintaining adequate collateral until open transactions arc completed.
#### Basis of ,\ccounting
The financial statements han~ been prepared in conformity with accounting principles gcncr:i.l.ly accepted in the LTnited States of America ("GA...\P")
#### Use of Estimates
'01c preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and li.'lbilitics and disclosures of contingent assets and li.1bilitics at the date of the financial stat<.'ments and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those cscimates.
#### Secuaties ·rransactions
Tramactions in securities arc recorded on the trade date. Securities owned and securities sold, but not yet purchased are cecordcd at market Yaluc on a tntde-date basis. Securities sold, but not ret 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 re\·cnues and related expenses from customer transactions an.'. z:ecorded on the trade date. When acting as broker or dealer, the Company will be entitled to .tecci,·c brokerage commissions, markups or mru:k-down.-,.
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## NOTES TO FINANCIAL ST:\'ll~MENTS (continued)
## December 31, 2024
## **NOTE 1** ~ **SUMMARY OF ACCOUNTING POLICIES (continued)**
## Cash and cash eqµiYalcnts
Cash and cash equi\·alents include cash and short-term money market instruments with original maturity dates of duce months or less.
## Concentration of credit risk
The Company is engaged in \'arious trading and brokerage acti,'itics in which countcrparties primarily include broker-dealers, banks, and other financial institutions. In the C\'cnt counterparcies do not fulfill their obligations, the Company may be e:iq>ascd 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 rcYiew, as necessary, the credit stru1di11g of each countcrparty. The Company maintains its cash bafances with quality financial institutions. TI1c balances are insured b}t the Federal Deposit Insurance Corporation up to S250,000 per financial inscirurion.
#### Income Taxes
The Company is a single-member limited liability company. The t'l.xablc income or loss of the Company is allocated to and included in the tax returns of the i.ndi,-idual members of cl1c Parent. 'l he Company may be subject to state and local taxes in cem1in jurisdictions in which they operate.
11anagemcnt eYaluated the Company's tax positions and concluded that the Company had taken no uncertain to.x positions that require adjustments to the financial statements.
#### Segment Information
Effecth·e January 1, 2024, the Company adopted the provisions of ,\ccountiug Standards Update 2023-07 Segment Reporting (ropic 280) Improvements to Reportable Segment Disclosures ("ASC 2.80"), that became effective for fiscal years beginning after December 15, 2023. Additionnl disclosures required by *:\SC* 280 arc provided in Note 8-Segment Information.
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## NOTES TO FINANCIAJ. *ST:\* TEMENTS (continued)
December 31. 2024
# **NOTE 2-REVENUE RECOGNITION**
Rc,·enues are recognized when control of the promised sen-ices is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those sen-ices. Revenues are analyzed to dctennine whether tl1c Company is tl1e principal (i.e., reports revenues on a gross basis) or agent (i.e., reports rc,·enues on a net basis) in the contract. Principal or agent designations depend pnmarily on tl1c control an entity has over the product or sen-ice before control is transferred to a customer. The indicators of which party exercises control include primary responsibility **m·cr** performance obligations, risk before the good or services is transferred and discretion in cstabfu.hing the ?rice,
## Commission Rc,·cnue
Commission rc,·cnuc represents sales commission generated by ad,·isors for their clients' putchases and sales of securities on exchanges and o,·er-the-counter, as well as putchases of other uwestment products. The Companr ,iews the selling, distribution and marketing, or any combination thereof, of
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## **NOTES TO FINANCIAL STATEMENTS (continued)**
## December 31, 2024
## **NOTE 2** - **REVENUE RECOGNITION (continued)**
investment products to such clients as a single performance obligation to the product sponsors. TI1e Company believes that the performance obligation is satisfied on the trade d'lte because that is when the underlyt.ng financial insrrw11ent or purchase is idcnci.ficd, 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. 'fl1e adnsors, if any, assist the Company in perfonning i,s obligations. Accordingly, total commission revenues arc reported on a gross basis.
The following table presents our total commission re,·cmte disaggregated by investment product category:
Equines
Year ended December 31, 2024 il42U
The Company generates sales-based commission rc\·enue that is recognized at the point of sale on the trade date. Sales based conunissions re,cnuc 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 irn·estment product category:
Municipal Bonds
Y car ended December 31, 2024 s1s 13:!
The Company generates principal transaction revenues by entering into a risklcss principal transaction with its clients. Principal tramaction re,enues ,rary by supply and demand, interest rates, coupon, maturities and credit quality.
#### **NOTE 3** - **RELATED PARTY TRANSACTION**
The C.'\'.penses associated wit11 management of the Company and certain other administrative expenses arc allocated by the Parent to the Company pursuant to an expense allocation agreement. Accordingly. the results of operations are not necessarily indicatfre of those results had the Company been a stand-
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## NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2024
#### NOTE 3 - RELATED PARTY TRANSACTION (continued)
alone entity. For the year ended December 31, 2024, the Company was allocated administtath-c cxpcn!\cS of \$4,000 f.rom the Parent.
#### **NOTE** 4 - **NET CAP** IT **AL REQUIREMENTS**
The Company is subject to the Securities and Exchange Commission's L'niform Net Capital Rule ("Rule 1 Sc3-1 "), which requires the maintenance of minimum net capital and .requires that the ratio of aggregate indebtedness to net· capital, both as defined, shall not cxcccd 15 to 1. At December 31, 202.-1, the Company had net capital of S54,775, which was \$49,775 in excess of its required minituum net capital of SS,000. The Company's net capital ratio was O to 1. The Company is exempt for Rule 15c3-3 c,f the Sccuritic~ and I ;xchangc Commission pursuant to the prm·ision of subparagraph (k)(2)(ii) thereof.
Proprietary accounts held at the clearing broker ("PAIB Assets") a.re considered allowable assets in the computation of net capital pursuant to an agreement between the Company and the cleating broker, which requires, among other things, for th<.• clearing broker to perform a computation ofl'~\IB ,-\sscts similar to the customer rcscn~e computation set forth in SEC rule 15c3-3.
#### **NOTE 5** - **PROFIT SHARING PLAN**
The Company has a nonqualificd employee profit sharing plan, which prm·idcs for contributions at the discretion of management. Employees become ,ested ayer a si.'--ycar period. The Company did not make any contributiom for the year ended December 31, 2024.
#### **NOTE 6** - **CLEARING DEPOSIT**
The Company is requited to maintain a security deposit of SS0,000 with RBC Correspondent Clearing Services and indudcd in Net receivables from brokers and clcalcrs on the statctnent of financial condition. The Company was in compliance at December 31, 2024.
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## NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2024
## NOTE 7 - SUBSEQUENT EVENTS
f-ASB ,\SC 855 requires annual disclosure of the date through which subsequent events have been evaluated, as well as whether d1at date is the date the financial statements were issued or the date the financial statements were avaifable to be issued. TI1e Company e,alunted subsequent events through the report date on March 3, 2025 and determined that no additional disclosures were required.
## **NOTE 8** - **SEGMENT INFORMATION**
The Company operates as a broker-dealer and has one operating segment, as defined under ASC 280, Segment Reporting. The Company's business activities consist primarily of executing securities transactions and other related services in the securities industry. The Company has identified its one executive officer (Chairman, Senior Vice President, and Secretary) as the chief operating decision maker ("CODM"), who \.ISC net income to evaluate the results of the business to manage the Company. ,\dditionally, the COD~I use excess net capital, which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy. 1be Company's operations consututc a single operating segment and therefore, a single reportable segment, be.cause the CODM manages the business activities using infomiation of the Company as a whole. Because the Company has only one operating segment, no additional segmcnt-leYel information is required under the prm·isions of ,-\SC 280. The accompanying Statement of Operations presents the segment rcYenuc and expenses of this single reporting segment. Management and consulting fees included \$0 earned from KR Financial, LLC, an affiliated i:egistered investment advisct. All other revenues were earned from cxte.mal customers . .All revenues and expenses arc allocated to the broker-dealer activities, and there is no significant variation in performance across different areas of the business.
The accompanying Statement of Financial Condition presents all segment assets of this single reporting segment.
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SUPPLEMENTARY INFORMATION
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#### SCHEDULE 1- COMPlTKflON OF NET C.-\PITAL PL"RSU.i\NT TO RULE 15c3-1 OF THE SECl'RlTIES .·\ND EXCHANGE CO"MMISSION
December 3 L 2024
| Net capital | |
|----------------------------------------------------------------|----------|
| Member's equity | S 59,775 |
| Deductions and/ or charges | |
| Nonallowable assets | |
| Other deductions | 5000 |
| Net cnpital before haircuts on securities position | 54,775 |
| Haircuts on securities positions | _
_ 0 |
| Net capital | |
| .-\~,rcgatc indcbtedncs:; | s
0 |
| .:\ggrcgate indebtedness to net capital ratio | 0 tol |
| Computation of basic net capit'll requirement | |
| l\linimum net capital required (greater of 6-2/3% of aggregate | |
| indebtedness or SS,000) | 5.000 |
| Net capital in excess of requirement | S49,775 |
'CT1crc are no material differences between the preceding computation and the Company's corresponding unaudited part II of Form X-17.\-5 as of December 31, 2024.
Computation for Determination of Resen·e Requirements Under Rule 15c3-3 of the Securities and Exchange Commission.
Sc<.· Report of Independent Registered Public Accounting Firm
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## **KR** Sccwities, LLC
## SCHEDULE II - COMPUT.-\.TION FOR DETERMINATION OF RESERVE REQl.:IREMENTS PURSCANTTO Rt'LE 15c3-3 AND INFORMATION REL\TING TO THE POSSESSION OR CONTilOL REQlTREl\IENTS UNDER RULE 15c3-3
December 31, 2024
The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange .Act of 1934, in that the Company's acti\·itics are limited to chose set forth in the conditions **for** exemption appearing in paragraph (k)(2)(il; of that Rule.
Sec Report of Independent Registered Public Accounting Firm
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#### **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 provision 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 provision throughout the most recent fiscal year without exception. KR Securities, LLC's management is responsible for compliance with the exemption provision 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 provision. 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.
Ocean, New Jersey March 3, 2025
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#### Exemption Report
December 31, 2024
KR Secui-itics, 11.C cb.ims an exemption from Rule 240.1 Sc3-3 based on provision (k) (2) (ii) of the Rule. All of KR Securities, I J .C customer transactionl\ arc cleared through another broker-dealer on a. fulh· disclosed basis.
KR Secmities, I.LC met the terms of the identified exemption throughout its most recent fiscal vear (December 31, 2024) without exception. •
I, Richard A Ruderman, swear ( or affirm) that the aforementioned statements arc true.
President and Chief Operating Officer KR Securities, LLC
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Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.