# SANFORD C. BERNSTEIN & CO., LLC X-17A-5 (2025-02-28) — Broker-dealer annual report

- Company: SANFORD C. BERNSTEIN & CO., LLC
- Form: X-17A-5
- Filed: 2025-02-28
- Period: 2024-12-31
- Accession: 0001126269-25-000006
- CIK: 1126269
- File #: 8-52942
- Type: Broker-dealer
- Material weakness: No
- Auditor: PricewaterhouseCoopers LLP
- Auditor location: New York, NY
- Contact: Melina Heldic
- Phone: 212 823 8350
- Email: melina.heldic@alliancebernstein.com
- Website: alliancebernstein.com
- Signed by: Gary Krueger (CFO)

Original filing: https://www.sec.gov/Archives/edgar/data/1126269/000112626925000006/ExemptS2.pdf

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# AllianceBernstein Investments, Inc.

(an indirect wholly-owned subsidiary of AllianceBernstein L.P.) Financial Statements and Supplementary Schedules December 31, 2024 (With Independent Registered Public Accounting Firm's Report Thereon)

These financial statements and supplementary schedules are deemed confidential pursuant to subparagraph (e)(3) of Rule 17a-5 of the Securities Exchange Act of 1934

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

> ANNUAL REPORTS FORM X-17A-5 PART III

OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12

sec file number 8-52942

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 01/01/24                                                                                            |                                                            | AND ENDING 12/31/24 |                 |                                            |
|-------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|---------------------|-----------------|--------------------------------------------|
|                                                                                                                                     | MM/DD/YY                                                   |                     |                 | MM/DD/YY                                   |
|                                                                                                                                     | A. REGISTRANT IDENTIFICATION                               |                     |                 |                                            |
| NAME OF FIRM: AllianceBernstein Investments, Inc.                                                                                   |                                                            |                     |                 |                                            |
| TYPE OF REGISTRANT (check all applicable boxes):<br>A Broker-dealer<br>□ Check here if respondent is also an OTC derivatives dealer | _ Security-based swap dealer                               |                     |                 |                                            |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)                                                                 |                                                            |                     |                 |                                            |
| 501 Commerce Street                                                                                                                 |                                                            |                     |                 |                                            |
|                                                                                                                                     | (No. and Street)                                           |                     |                 |                                            |
| Nashville                                                                                                                           | TN                                                         |                     | 37203           |                                            |
| (City)                                                                                                                              | (State)                                                    |                     |                 | (Zip Code)                                 |
| PERSON TO CONTACT WITH REGARD TO THIS FILING                                                                                        |                                                            |                     |                 |                                            |
| Melina Heldic                                                                                                                       | 270-996-7909                                               |                     |                 | melina.heldic@alliancebernstein.com        |
| (Name)                                                                                                                              | (Area Code - Telephone Number)                             |                     | (Email Address) |                                            |
|                                                                                                                                     | B. ACCOUNTANT IDENTIFICATION                               |                     |                 |                                            |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*<br>PricewaterhouseCoopers LLP                             |                                                            |                     |                 |                                            |
|                                                                                                                                     | (Name - if individual, state last, first, and middle name) |                     |                 |                                            |
| 300 Madison Ave                                                                                                                     | New York                                                   |                     | NY              | 10017                                      |
| (Address)                                                                                                                           | (City)                                                     |                     | (State)         | (Zip Code)                                 |
| October 20, 2003                                                                                                                    |                                                            |                     | 238             |                                            |
| (Date of Registration with PCAOB)(if applicable)                                                                                    |                                                            |                     |                 | (PCAOB Registration Number, if applicable) |
| * Claims for exemption from the requirement that the annual reports of an independent public                                        | FOR OFFICIAL USE ONLY                                      |                     |                 |                                            |

 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)(1)(ii), if applicable.

Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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# OATH OR AFFIRMATION

|       | Gary Krueger<br>swear (or affirm) that, to the best of my knowledge and belief, the                                                                                                                                                  |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|       | financial report pertaining to the firm of AllianceBernstein Investments, Inc.<br>, as of                                                                                                                                            |
| 12/31 | , 2024                                                                                                                                                                                                                               |
|       | 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.                                                                                                                                                                                                               |
|       | STATE                                                                                                                                                                                                                                |
|       | Signature:<br>Chine Sta                                                                                                                                                                                                              |
|       | NOTAR                                                                                                                                                                                                                                |
|       | Title:<br>िनिहाँ<br>Chief Financial Officer                                                                                                                                                                                          |
|       |                                                                                                                                                                                                                                      |
|       |                                                                                                                                                                                                                                      |
|       | Notary Public                                                                                                                                                                                                                        |
|       | This filing** contains (check all applicable boxes):                                                                                                                                                                                 |
|       | 2 (a) Statement of financial condition.                                                                                                                                                                                              |
|       | 2 (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).                                                                                                                                                                   |
|       | 2 (d) Statement of cash flows.                                                                                                                                                                                                       |
|       | 2 (e) Statement of changes in stockholders' or partners' or sole proprietor's equity.                                                                                                                                                |
|       | 2 (f) Statement of changes in liabilities subordinated to claims of creditors.                                                                                                                                                       |
|       | 2 (g) Notes to consolidated financial statements.                                                                                                                                                                                    |
|       | (h) Computation of net capital under 17 CFR 240.15c3-1 or 17  CFR  240.18a-1, as applicable.                                                                                                                                         |
|       | L (i) Computation of tangible net worth under 17 CFR 240.18a-2.                                                                                                                                                                      |
|       |                                                                                                                                                                                                                                      |
|       | (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.                                                                                                                                                                                       |
|       | [ ] { ) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3.                                                                                                                                           |
|       | L. { 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.                                                                                                                                                                                 |
|       | 2 (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net<br>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.                                                                                                                                                                                                                               |
|       | (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition.                                                                                                                             |
|       | (g) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.18a-7, as applicable.                                                                                                                                        |
|       | {r} Compliance report in accordance with 17 CFR 240.18a-7, as applicable.                                                                                                                                                            |
|       | 2 (s) Exemption report in accordance with 17 CFR 240.18a-7, as applicable.                                                                                                                                                           |
|       | 2 (t) Independent public accountant's report based on an examination of the statement of financial condition.                                                                                                                        |
|       | 2 (u) Independent public accountant's report based on an examination of the financial statements under 17                                                                                                                            |
|       | CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable.                                                                                                                                                                |
|       | [] (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17                                                                                                        |
|       | CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.                                                                                                                                                                                    |
|       | പ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17                                                                                                                  |
|       | CFR 240.18a-7, as applicable.                                                                                                                                                                                                        |
|       | [] {x} Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12,                                                                                                                                |
|       | as applicable.                                                                                                                                                                                                                       |
|       | [] {y) Report describing any material inadequacies 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).                                                                                                                                                         |
| L     | (z)  Other:                                                                                                                                                                                                                          |

\*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(d)(2), as applicable.

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# **Report of Independent Registered Public Accounting Firm**

To the Board of Directors and Stockholder of AllianceBernstein Investments, Inc.

# *Opinion on the Financial Statements*

We have audited the accompanying statement of financial condition of AllianceBernstein Investments, Inc. (the "Company") as of December 31, 2024, and the related statements of income, of changes in stockholder's equity and of cash flows for the year then ended, including the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 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 the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as, evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

# *Supplemental Information*

The accompanying Computation of Net Capital under 17 CFR 240.15c3-1 of the Securities Exchange Act of 1934 and Determination of Reserve Requirements and Information Relating to Possession or Control Requirements under Securities and Exchange Commission Rule 15c3-3 (collectively, the "supplemental information") has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with

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Rule 17a-5 under the Securities Exchange Act of 1934. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.

Nashville, TN February 28, 2025

We have served as the Company's auditor since 2006.

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| *D?3;8?<45BC5AE9DI                                                                  |      |
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| 449D9?>1<@194	9>31@9D1<                                                             |      |
| )5D19>5451B>9>7C                                                                    |      |
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| +?D1<CD?3;8?<45BC5AE9DI                                                             |      |
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| +?D1<<9129<9D95C1>4CD?3;8?<45BC5AE9DI                                               | <br> |

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| H@5>C5C                                          |      |
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| 9CDB92ED9?>C5BF935C                              |      |
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| +?D1<5H@5>C5C                                    |      |
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| %5D9>3?=5                                        | <br> |

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{18}------------------------------------------------

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|                                                                                          | 9>D8?EC1>4C |
|------------------------------------------------------------------------------------------|-------------|
| +?D1<?G>5BC89@5AE9DI6B?=*D1D5=5>D?69>1>391<?>49D9?>                                      | <br>        |
| 54E3D?G>5BC89@5AE9DI>?D1<<?G12<56?B%5D1@9D1<                                             | N           |
| +?D1<?G>5BC89@5AE9DIAE1<969546?B%5D1@9D1<                                                |             |
| 44#9129<9D95CCE2?B49>1D54D?3<19=C?675>5B1<3B549D?BC1<<?G12<59>3?=@ED1D9?><br>?6%5D1@9D1< | N           |
| +?D1<31@9D1<1>41<<?G12<5CE2?B49>1D54<9129<9D95C                                          |             |
| 54E3D9?>C1>4?B381B75C                                                                    |             |
| <br>+?D1<>?>1<<?G12<51CC5DC6B?=*D1D5=5>D?69>1>391<?>49D9?>                               |             |
| 565BB54C1<5C3?==9CC9?>C                                                                  |             |
| E56B?='1B5>D                                                                             | N           |
| E56B?=1669<91D5C                                                                         |             |
| 565BB54D1H5C                                                                             |             |
| &D85B1CC5DC                                                                              |             |
| <br>&D85B454E3D9?>C1>4?B3B549DC                                                          | N           |
| &D85B1449D9?>C1>4?B3B549DC                                                               | N           |
| %5D1@9D1<256?B5819B3EDC?>C53EB9D95C@?C9D9?>C                                             |             |
| 19B3EDC?>C53EB9D95C3?=@ED54G85B51@@<9312<5@EBCE1>DD? 3	 6                                |             |
| <br>&D85BC53EB9D95C                                                                      |             |
| %5D1@9D1<                                                                                | <br>        |

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| ?=@ED1D9?>?6<D5B>1D9F5%5D1@9D1<)5AE9B5=5>D                                                                                                                                                              |             |
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| 2 9H54	4?<<1B=9>9=E=>5D31@9D1<B5AE9B5=5>D                                                                                                                                                               | <br>        |
| \$9>9=E=>5D31@9D1<B5AE9B5=5>D7B51D5B?61?B212?F5                                                                                                                                                         | <br>        |
| H35CC>5D31@9D1<                                                                                                                                                                                         | <br>        |
| %5D31@9D1<9>5H35CC?6D857B51D5B?6                                                                                                                                                                        |             |
| ?63?=29>54177B571D54529D9D5=C?B ?6=9>9=E=>5D31@9D1<B5AE9B5=5>D                                                                                                                                         | <br>        |

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{20}------------------------------------------------

# ALLIANCEBERNSTEIN INVESTMENTS, INC. (an indirect wholly-owned subsidiary of AllianceBernstein L.P.)

# SCHEDULE II

# Determination of Reserve Requirements and Information Relating to Possession or Control Requirements under Securities and Exchange Commission Rule 15c3-3 December 31, 2024

The Company is not claiming an Exemption from SEA Rule 15c3-3 but rather relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. §240.17a-5 because the Company does not hold customer funds or securities and its business activities are limited to mutual fund underwriting and the distribution of interests in private alternative investment funds.


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