# INVESTMENT SECURITY CORPORATION X-17A-5 (2026-01-23) — Broker-dealer annual report

- Company: INVESTMENT SECURITY CORPORATION
- Form: X-17A-5
- Filed: 2026-01-23
- Period: 2025-11-30
- Accession: 0001087946-26-000002
- CIK: 1087946
- File #: 8-51832
- Type: Broker-dealer
- Material weakness: No
- Auditor: Ohab and Company, PA
- Auditor location: Maitland, FL
- Contact: Nicole Lane
- Phone: 8182259529
- Email: nlane@investmentsecuritycorporation.com
- Website: investmentsecuritycorporation.com
- Signed by: Nicole S. Lane (CFO)

Original filing: https://www.sec.gov/Archives/edgar/data/1087946/000108794626000002/auditpublic.pdf

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Investment Security Corporation Report Pursuant to Rule 17a-5 (d) Financial Statements November 30, 2025

# PUBLIC

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#### UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

# **PUBLIC**

# **ANNUAL REPORTS FORM X-17A-5 PART** Ill

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SEC FILE NUMBER 8-51832

FACING PAGE

Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934

FILING FOR THE PERIOD BEGINNING December 1' 2024 AND ENDING November 30, 2025

MM/DD/YY MM/DD/YY

A. REGISTRANT IDENTIFICATION

# NAME oF FIRM: Investment Security Corporation

TYPE OF REGISTRANT (check all appl icable boxes):

~ Broker-dealer D Security-based swap dealer D Major security-based swap participant 0 Check here if respond ent is also an OTC derivat ives dealer

ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)

# 24009 Ventura Blvd., Ste. 101

|                                              |  | (No. and Street)                                                           |                                         |                                           |
|----------------------------------------------|--|----------------------------------------------------------------------------|-----------------------------------------|-------------------------------------------|
| Calabasas<br>(City)                          |  | CA                                                                         |                                         | 91302                                     |
|                                              |  | (Stat e)                                                                   |                                         | (Zip Code)                                |
| PERSON TO CONTACT WITH REGARD TO THIS FILING |  |                                                                            |                                         |                                           |
| Nicole Lane                                  |  | 818-225-9529                                                               | nlane@investmentsecuritycorporation.com |                                           |
| (Name)                                       |  | (Area Code- Telephone Number)                                              | (Email Address)                         |                                           |
|                                              |  | B. ACCOUNTANT IDENTIFICATION                                               |                                         |                                           |
|                                              |  | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in th is filing* |                                         |                                           |
| OHAB AND COMPANY, PA                         |  |                                                                            |                                         |                                           |
|                                              |  | (Name - if individual, state last, first, and middle name)                 |                                         |                                           |
| 100 E SYBELIA AVE, SUITE 130 MAITLAND        |  |                                                                            | FL                                      | 32751                                     |
| (Address)                                    |  | (City)                                                                     | (State)                                 | (Zip Code)                                |
| JULY 28. 2004                                |  |                                                                            | 1839                                    |                                           |
| T"<br>of ''''"""o" with PCAOB)(If •ppll"bl•l |  |                                                                            |                                         | )PCAOB Rogl""tio" N"mboc, If •PPII" bl•)l |

• 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 t o respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number\_

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#### **OATH OR AFFIRMATION**

| I, Nicole s. Lane                                                                                                                   | , swear (or affirm) that, to the best of my knowledge and belief, the                   |         |  |
|-------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|---------|--|
| financial report pertaining to the firm of Investment Security Corporation                                                          |                                                                                         | , as of |  |
| November 30                                                                                                                         | , 2~, 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 |                                                                                         |         |  |

S~~~atureM ~ s . k )==- Title: CFO

Notary Public ~ ( "' *<sup>r</sup> "\ <sup>u</sup>*3 u.l; a-t ·l ~ *&11* ~e.) .;to. ra.te ~c:\_ -

as that of a customer.

#### **This filing\*\* contains (check all applicable boxes):**

- **iii** (a) Statement of financial condition.
- **iii** (b) Notes to consolidated statement of financial condition .
- 0 (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 (d) Statement of cash flows .
- 0 (e) Statement of changes in stockholders' or partners' or sole proprietor's equity.
- 0 (f) Statement of changes in liabilities subordinated to claims of creditors.
- 0 (g) Notes to consolidated financial statements.
- 0 (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable.
- 0 (i) Computation of tangible net worth under 17 CFR 240.18a -2.
- 0 (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
- 0 (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.
- 0 (I) 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.
- 0 (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.
- 0 (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-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.
- 0 (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.
- 0 (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- 0 (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- 0 (t) Independent public accountant's report based on an examination of the statement of financial condition.
- 0 (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.
- 0 (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.
- 0 (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.
- 0 (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, 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). 0 (z)Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_
- 

<sup>\*\*</sup>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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#### **CALIFORNIA JURAT WITH AFFIANT STATEMENT' GOVERNMENT CODE § 8202**

.Q(see Attached Document (Notary to cross out lines 1-6 below) 0 See Statement Below (Lines 1-6 to be completed only by document signer[s], not Notary)

Signature of Document Signer No. 1 Signature of Document Signer No. 2 (if any)

A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

State of California County of *\;e.* A \::-L.tm Subscribed and :;wQfn to (or aff\rmed) .., "\ ~tl -r . on this ~ol day of ~a\_ f) L.ty f'j by Date Month (1) ~\ co\e S · k(\ *e\_*  before me ' 20 ;)C:, Year

(and (2). \_\_\_\_\_\_\_\_\_ \_\_\_\_ ),

Name(s) of Signer(s)

Signatt:Jt e ot1110tary Public

proved to me on the basis of satisfactory evidence to be the person(s) who appeared before me. Signature v *<sup>Q</sup>*G \/; *\y* '

Sea/ Place Notary Sea/ Above

*----------------------------- oPTIONAL------------------------------* Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. ~·

**Description of Attached Document** Anol-lc.l \~e, o...-\-s For ti'.)(.- \1 A -5

Title or Type of Document: *Ya.r\-* \ '\ Document Date: \_ \_ \_ \_ \_

Number of Pages: \_ \_ Signer(s) Other Than Named Above: \_\_\_\_\_\_ \_ \_ \_ \_ \_ \_ \_\_ \_

©2014 National Notary Association· www.NationaiNotary.org • 1-800-US NOTARY (1-800-876-6827) Item #5910 .

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![](_page_4_Picture_0.jpeg)

100 E. Syhclia Ave. Suite 130 Maitland. FL 32751

*Certified l'uhlic Accountants*  i\_ ll!\_:UU~·J!l• .. ~U'.I\_I<IJl~:<.!,S.!!l!l

Telephone 407-740-73 II Fax 407-740-6441

#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholder's of Investment Security Corporation

#### **Opinion on the Financial Statement**

We have audited the accompanying statement of financial condition of Investment Security Corporation as of November 30, 2025 and the related notes (collectrvely referred to as the "financral statement"). In our oprnron. the financial statement presents farrly , in all materral respects, the financial position of Investment Secunty Corporation as of November 30, 2025 in conformrty wrth accounting pnncrples generally accepted in the Unrted States of America

#### **Basis for Opinion**

Th1s financial statement IS the responsibility of Investment Secunty Corporation's management Our respons1b11ity rs to express an oprnion on Investment Securrty Corporation's financial statement based on our audit. We are a public accountrng firm registered w1th the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent w1th respect to Investment Security Corporat1on tn accordance with the U S federal securities laws and the applicable rules and regulations of the Securities and Exchange Commtsston and the PCAOB

We conducted our audtt 1n accordance wtth the standards of the PCAOB. Those standards requtre that we plan and perform the audtt to obtarn reasonable assurance about whether the financial statement ts free of matenal mtsstatement. whether due to error or fraud. Our audit tncluded performrng procedures to assess the nsks of matenal misstatement of the financtal statement, whether due to error or fraud. and performmg procedures that respond to those nsks. Such procedures mcluded examining, on a test bas1s. evidence regard1ng the amounts and disclosures in the financial statements Our aud1t also tncluded evaluating the accounting pnnc1ples used and Significant estimates made by management. as well as evaluating the overall presentation of the financial statements. We belteve that our aud1t provides a reasonable basts for our opmion.

We have served as Investment Secunty Corporation's auditor since 2018.

Maitland, Florida January 22. 2026

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# **Investment Security Corporation Statement of Financial Condition November 30,2025**

#### Assets

| Total assets           | \$ | 71,857 |
|------------------------|----|--------|
| Deposit                |    | 862    |
| FSCT Warrants C        |    |        |
| Prepaid expense        |    | 11,971 |
| Prepaid income taxes   |    |        |
| Commissions receivable |    |        |
| Cash                   | \$ | 59,023 |
|                        |    |        |

#### **Liabilities and Stockholder's Equity**

**Liabilities** 

| Commissions payable | \$    |
|---------------------|-------|
| Accrued expenses    | 2,160 |
| Total liabilities   | 2,160 |
|                     |       |

| Stockholder's equity                                   |              |
|--------------------------------------------------------|--------------|
| Common stock, no par value, 100,000 shares authorized, |              |
| 100 shares issued and outstanding                      | 1,000        |
| Additional paid-in capital                             | 10,000       |
| Retained earnings                                      | 58,697       |
| Total stockholder's equity                             | 69,697       |
| Total liabilities and stockholder's equity             | \$<br>71,857 |

*The accompanying notes are an integral part of these financial statements.* 

*1* 

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#### Note 1: GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

#### *Organization*

Investment Security Corporation (the "Company") was incorporated in the State of California on January 21, 1999. The Company is a registered \$5,000 non-introducing broker-dealer under the Securities and Exchange Act of 1934, a member of the Financial Industry Regulatory Authority ("FINRA"), and the Securities Investor Protection Corporation ("SIPC").

The Company is engaged in the business as a securities broker-dealer that primarily involves alternative investments. The company makes available to eligible customers: unregistered securities (known as private placements); public (registered), non-traded (non-listed) REITS; mutual funds; IRC § 529 college savings plans; and variable insurance products. All of the Company's securities business is at the retail level. Also, the Company receives finder's fees, in accordance with a written finder's agreement, as compensation for introducing and/or referring prospective investors to a sponsor of private placement when a prospective investor makes an investment with the sponsor of a private placement offering.

Under its membership agreement with FINRA and pursuant to Rule 15c3-3(k)(2)(i) and/or SEC Release 34-70073, Footnote 74, the Company conducts its securities business on a non-introducing basis with the securities transaction documents delivered directly to the issuer or the issuer's agent. The Company does not receive, directly or indirectly, or hold funds or securities, does not carry accounts or execute or clear securities transactions for customers and effects securities transactions via subscriptions. Accordingly, the Company is exempt from the requirement of Rule 15c3-3 under the Securities Exchange Act of 1934 pertaining to the possession or control of customer assets and reserve requirements.

# *Summary of Significant Accounting Policies*

For purposes of reporting the statement of cash flows, the Company considers all cash accounts and all highly liquid debt instruments with original maturities of three months or less to be cash equivalents. Cash balances in excess of FDIC and similar insurance coverage are subject to the usual banking risks associated with funds in excess of those limits. At November 30, 2025 the Company had no uninsured cash balances.

The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure 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.

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Commissions receivable are stated at face amount with no allowance for doubtful accounts. An allowance for doubtful accounts is not considered necessary because probable uncollectible accounts are immaterial.

Revenue Recognition: revenue from contracts with customers includes commission income and referral fee revenue. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance publications are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events.

Mutual funds or pooled investment vehicles (collectively, "funds") have entered into agreements with the Company to distribute/ sell its shares to investors. The Company may receive distribution fees paid by the funds upfront, over time, upon the investors' exit from the fund (that is, a contingent deferred sales charge), or as a combination thereof. The Company believes its performance obligation is the sale of securities to investors and as such this is fulfilled on the trade date. Any fixed amounts are recognized on the trade date and variable amounts are recognized to the extent it is probable that a significant revenue reversal will not occur once the uncertainty is resolved. For variable amounts, as the uncertainty is dependent on the value of the shares at future points in time as well as the length of time the investor remains in the fund, both of which are highly susceptible to factors outside the Company's influence, the Company does not believe that it can overcome these constraints until the market value of the fund and the investor activities are known, which are usually quarterly or monthly.

Fixed annuities are recognized as revenue when the policy holder is approved by the insurance company.

Private placement fees: The Company earns fees from the placement of interests in Delaware statutory trusts ("DSTs"), private real estate programs, and other private investment funds, as specified in the applicable offering documents and selling agreements. Such fees are recognized as revenue at the point in time when the Company has completed its placement services and the related consideration is no longer contingent, which generally occurs when the investor's subscription has been processed by the sponsor or issuer and the Company's right to the fee is fixed and determinable.

Placement participation fcc::>: The Company earn::> placement participation fees from issuers or sponsors of private investment offerings pursuant to contractual arrangements which represents to satisfaction of performance obligations that provide for a participation in issuer-paid management or asset-based fees attributable to investors previously introduced by the Company, which are paid quarterly. The fees are considered variable as the uncertainty is dependent on the value of the

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assets for which the company is not able to assess in order to make an estimate. Revenues are recognized once it is probable that a significant reversal will not occur.

Representative fees: Representative fees are collected to reimburse the Company for fees paid to regulatory agencies on behalf of the registered representatives.

Segment Reporting: The Company applies the guidance in FASB ASC Topic 280, *Segment Reporting,* and identifies operating segments using the management approach based on information regularly reviewed by the Company's chief operating decision maker.

The Company accounts for its income taxes in accordance with F ASB ASC 740, Income Taxes. This standard requires the establishment of a deferred tax asset or liability to recognize the future tax effects of transactions that have not been recognized for tax purposes, including taxable and deductible temporary differences as well as net operating loss and tax credit carryforwards. Deferred tax expenses or benefits are recognized as a result of changes in the tax basis of an asset or liability when measured against its reported amount in the financial statements.

## Note 2: INCOME TAXES

The current and deferred portions of the income tax expense (benefit) included in the Statement of Income as determined in accordance with FASB ASC 740 are as follows:

|                                       | Current  | Deferred | Valuation | Total    |
|---------------------------------------|----------|----------|-----------|----------|
| Federal                               | \$ 2,345 | \$-      | \$-       | \$2,345  |
| State                                 | \$ 1,195 | \$-      | \$-       | \$ 1,195 |
| Total income tax expense<br>(benefit) | \$ 3,540 |          |           | \$ 3,540 |

The Company is required to file income tax returns in both federal and state tax jurisdictions. The Company's tax returns are subject to examination by taxing authorities in the jurisdictions in which it operates in accordance with the normal statutes of limitations in the applicable jurisdiction. For federal purposes, the statute of limitations is three years. Accordingly, the company is no longer subject to examination of federal returns filed more than three years prior to the date of these financial statements. The statute of limitations for state purposes is generally three years, but may exceed this limitation depending upon the jurisdiction involved. Returns that were filed within the applicable statute remain subject to examination. As of November 30, 2025, the IRS has not proposed any adjustment to the Company's tax position.

## Note 3: RELATED PARTY TRANSACTIONS

The Company shares office space with the Law offices of Richard A Leach ("Law Office"). The Company and Law Office share office space in Calabasas, CA, for which each pays their proportionate share of rent directly to the landlord. The Company leases space on a month to month

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basis at a monthly cost of \$571, which includes a \$50 storage fee. In February 2016 the FASB issued ASU 2016-02, Leases - (Topic 842). ASU 2016-02 will require the recognition of lease assets and lease liabilities on the balance sheet to the rights and obligations created by lease agreements, including for those leases classified as operating leases under previous GAAP, along with the disclosure of key information about leasing arrangements. The Company has elected not to apply the recognition requirements of Topic 842 relating to its office lease and instead has elected to recognize the lease payments as lease cost on a straight line basis over the lease term.

The Company and Law Office also rent office space in Richard Leach's residence in Sparks, NV, for which each pay their proportionate share to Richard Leach. Rent expense paid totaled \$23,652 for all leases for the year ended November 30, 2025. In addition, the Company and Law Office pay proportionate share of certain predetermined overhead and general expense under a formal expense sharing agreement which are paid directly to vendors.

It is possible that the terms of certain of the related party transactions are not the same as those that would result for transactions among wholly unrelated parties.

## Note 4: COMMITMENTS AND CONTINGENCIES

### *Contingencies*

The Company has no pending arbitrations or litigation; thus, the Company made no provision in the accompanying financial statements for legal costs. Between December 1, 2024 and the current date, the Company was the subject of one California Department of Insurance administrative action which related to a late reporting of an SEC matter. The CDI matter was subsequently resolved, and the related \$8,000.00 fine was paid in full during the year ended November 30, 2025. No further action or ongoing obligations remain.

## Note 5: GUARANTEES

F ASB ASC 460, Guarantees, requires the Company to disclose information about its obligations under certain guarantee arrangements. F ASB ASC 460 defines guarantees as contracts and indemnification agreements that contingently require a guarantor to make payments to the guaranteed party based on changes in an underlying factor (such as an interest or foreign exchange rate, security or commodity price, an index or the occurrence or nonoccurrence of a specified event) related to an asset, liability or equity security of a guaranteed party. This guidance also defines guarantees as contracts that contingently require the guarantor to make payments to the guaranteed party based on another entity's failure to perform under an agreement as well as indirect guarantees of indebtedness of others.

The Company has issued no guarantees at November 30, 2025 or during the fiscal year then ended.

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#### Note 6: SUBSEQUENT EVENTS

The Company has evaluated events subsequent to the balance sheet date for items requiring recording or disclosure in the financial statements. The evaluation was performed through the date the financial statements were available to be issued. Based upon this review, the Company has determined that there were no events which took place that would require disclosure or adjustments.

#### Note 7: NET CAPITAL REQUIREMENTS

The Company is subject to the Securities Exchange Act (SEC rule 15c3-l), 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 I. Rule 15c3-1 also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. Net capital and aggregate indebtedness change day to day, but on November 30, 2025, the Company had net capital of \$56,863, which was \$51,863 in excess of its required net capital of \$5,000; and the Company's ratio of aggregate indebtedness (\$2, 160) to net capital was 0.04 to 1.

#### Note 8: CREDIT LOSSES

The Company follows ASC Topic 326, Financial Instruments- Credit Losses ("ASC 326"). ASC 326 impacts the impairment model for certain financial assets by requiring a current expected credit loss ("CECL") methodology to estimate expected credit losses over the entire life of the financial asset. Under the accounting update. the Company has the ability to determine that there are no expected credit losses in certain circumstances (e.g., based on the credit quality of the customer).

The Company did not have any accounts receivable at November 30, 2025 and November 30, 2024.

#### Note 9: SEGMENT REPORTING

The Company follows the guidance in FASB ASC Topic 280, *Segment Reporting,* which requires the use of the management approach in identifying reportable operating segments. Under this approach, operating segments are identified based on the internal reporting structure used by management to allocate resources and assess performance.

Management has identified the Company's Chief Financial Officer as the Chief Operating Decision Maker ("CODM"). The CODM evaluates performance and allocates resources based on the Company's consolidated financial results.

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The Company operates in a single line of business as a securities broker-dealer. The Company has determined that it operates as one operating segment, which is also its sole reportable segment, as the CODM manages the business and reviews operating results on an entity-wide basis.

The CODM uses net income (loss) as the primary measure of performance. Significant expense categories that are regularly reviewed by the CODM include commissions expense, professional fees, occupancy and equipment rental, and other operating expenses, which are presented in the accompanying Statement of Income.

The accounting policies of the reportable segment are the same as those described in the summary of significant accounting policies.


Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.