# PROFESSIONAL TRADING SERVICES BROKERAGE, LLC X-17A-5 (2025-03-31) — Broker-dealer annual report - Company: PROFESSIONAL TRADING SERVICES BROKERAGE, LLC - Form: X-17A-5 - Filed: 2025-03-31 - Period: 2024-12-31 - Accession: 0001166547-25-000001 - CIK: 1166547 - File #: 8-65173 - Type: Broker-dealer - Material weakness: No - Auditor: Romeo & Chiaverelli, LLC CPA's - Auditor location: Bla Cynwyd, PA - Contact: Jeremy Schank - Phone: 8568029400 - Email: compliance@ptsbrokerage.com - Website: ptsbrokerage.com - Signed by: Jeremy J Schank (CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1166547/000116654725000001/2024Audit.pdf --- {0}------------------------------------------------ | UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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hours per response: 12 | | |---------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------|-----------------|-----------------------------------------------------------------------------------------------------------------------|--| | | ANNUAL REPORTS | | SEC FILE NUMBER | | | | FORM X-17A-5 | | 8-65173 | | | | PART II - In - | | | | | | FACING PAGE
Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | 12/31/2024 | | | FILING FOR THE PERIOD BEGINNING 01/01/2024 AND ENDING | MM/DD/YY | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | | | | name of firm: | Professional Trading Services Brokerage, LLC aka PTS Brokerage, LLC | | | | | TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer
Check here if respondent is also an OTC derivatives dealer | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | 125 Gaither Drive, Suite C | | | | | | | (No. and Street) | | | | | Mount Laurel | NJ | | 08054 | | | (City) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Jeremy J Schank | 856-802-9400 | | compliance@ptsbrokerage.com | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Romeo & Chiaverelli, LLC CPA's | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | One Bala Ave, Suite 234 | Bala Cynwyd | PA | 19004 | | | (Address) | (City) | (State) | (Zip Code) | | | 09/01/2009 | | 3721 | | | | (Date of Registration with PCAOB)(if applicable) | FOR OFFICIAL USE ONLY
annual reports be covered by the reports of an indenendent nublic | | (PCAOB Registration Number, if applicable) | | Claims for exemption from the requirement that the annual reports be covered by the reports of an independent p 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. displays a currently valid OMB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION | Jeremy J Schank | swear (or affirm) that, to the best of my knowledge and belief, the | |---------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | financial report pertaining to the firm of Professional Trading Services Brokerage, LLC
as of | | 12/31
as that of a customer. | 2 24 __ _ 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 | | STEPHANIE L MANN | Signature: | Title: CFO ![](_page_1_Figure_2.jpeg) #### This filing\*\* contains (check all applicable boxes): - (a) Statement of financial condition. - □ (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). - (d) Statement of cash flows. - (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. Notary Public, State of New Jersey My Commission Expires Jun 25, 2028 - □ (f) Statement of changes in liabilities subordinated to claims of creditors. - (g) Notes to consolidated financial statements. - (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - □ (K) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [ (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - [ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - O (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - (q) Oath or affirmation in accordance with 17 CFR 240.17a-12, or 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - □ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (t) Independent public accountant's report based on an examination of the statement of financial condition. - | (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. - {w} Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 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). - [ (z) Other: - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.170-5(e)/3) or 17 CFR 240.180-7(d)/2), as applicable. {2}------------------------------------------------ #### FINANCIAL STATEMENTS SUPPLEMENTAL INFORMATION INDEPENDENT ACCOUNTANT S REPORT AND OTHER MATTERS # PTS BROKERAGE, LLC DECEMBER 31, 2024 {3}------------------------------------------------ ### PTS BROKERAGE, LLC ## DECEMBER 31, 2024 ### TABLE OF CONTENTS | Report of Independent Registered Public Accounting Firm | 1-2 | | |------------------------------------------------------------------------------------|------|--| | Financial Statements | | | | Statement of Financial Condition | 3 | | | Statement of Income | 4 | | | Statement of Changes in Members Equity | 5 | | | Statement of Cash Flows | 6 | | | Notes to Financial Statement | 7-10 | | | Supplemental Information | | | | Schedule I
Computation of Net Capital Pursuant to Rule 15c3-1 of | | | | the Securities and Exchange Commission | 11 | | | Schedule II
Exemptive Provisions Under SEC Rule 15c3-3 | 12 | | | Report of Independent Registered Public Accounting Firm
Exemption Report Review | 13 | | | Exemption Report | 14 | | {4}------------------------------------------------ # ROMEO & CHIAVERELLI, LLC CERTIFIED PUBLIC ACCOUNTANTS ONE BALA AVENUE SUITE 234 BALA CYNWYD, PA 19004 ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors of PTS Brokerage, LLC #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of PTS Brokerage, LLC (the "Company"), as of December 31, 2024, and the related statements of operations, changes in stockholders' equity and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the year ended December 31, 2024, 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 these 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 РСАОВ. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. #### Auditor's Report on Supplemental Information The supplemental information, the Computation of Net Capital under Rule 15c3-1 of the Securities and Exchange Commission and the Computation for Determination of Reserve Requirements and Information Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities and Exchange Commission OR contained in schedules I and II, 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 {5}------------------------------------------------ information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. § 240.17a-5. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the Company's auditor since 2009. ( ( March 24, 2025 Bala Cynwyd, PA 19004 {6}------------------------------------------------ ## PTS BROKERAGE, LLC STATEMENT OF FINANCIAL CONDITION ### DECEMBER 31, 2024 | ASSETS | | | |--------------------------------------|------------|--| | Cash and Cash Equivalents | \$ 43,955 | | | Receivables | 308,742 | | | Property and Equipment, Net | 4,269 | | | Right of use Asset, Net | 79,107 | | | Other Assets | 34,709 | | | TOTAL ASSETS | \$470,782 | | | LIABILITIES & MEMBER
EQUITY | | | | LIABILITIES | | | | Accounts Payable & Accrued Expenses | \$ 210,316 | | | Lease Liability | 80,442 | | | TOTAL LIABILITIES | \$ 290,758 | | | MEMBER
EQUITY | \$ 180,024 | | | TOTAL LIABILITIES & MEMBER
EQUITY | \$ 470,782 | | {7}------------------------------------------------ ### PTS BROKERAGE, LLC STATEMENT OF INCOME ### For the Year Ended DECEMBER 31, 2024 | REVENUE | | | |-------------------------------|---------------|--| | Commissions | \$
478,155 | | | Investment Advisory Fees | 1,059,227 | | | Mutual Fund Fees | 120,954 | | | Other Income | 1,264 | | | TOTAL REVENUE | 1,659,600 | | | OPERATING EXPENSES | | | | Commissions Expense | 933,291 | | | Occupancy and Equipment | 23,363 | | | Regulatory Fees | 34,094 | | | Technology and Communications | 40,845 | | | Other Expenses | 33,275 | | | TOTAL OPERATING EXPENSES | 1,064,868 | | | NET INCOME | \$ 594,732 | | {8}------------------------------------------------ ### PTS BROKERAGE, LLC STATEMENT OF CHANGES IN MEMBERS EQUITY ## For the Year Ended DECEMBER 31, 2024 | Member
Equity, beginning of year | \$ 75,185 | | |-------------------------------------|-----------|--| | Net Income | 594,732 | | | Less: Capital Distributions | (489,893) | | | Member
Equity, end of year | \$180,024 | | {9}------------------------------------------------ ### PTS BROKERAGE, LLC STATEMENT OF CASH FLOWS ### For the Year Ended DECEMBER 31, 2024 | CASH FLOWS FROM OPERATING ACTIVITES | | | |---------------------------------------------------|-----------|--| | Net Income | \$594,732 | | | Adjustments to reconcile Net Income | | | | to net cash used by operations: | | | | Depreciation | 1,800 | | | (Increases) decreases in Operating Assets | | | | Other Assets | 2,551 | | | Receivables | (36,722) | | | Increases (decreases) in Operating Liabilities | | | | Operating Lease liability - Net | 1,335 | | | Accounts Payable & Accrued Expenses | (78,518) | | | Net cash used by Operating Activities | (109,554) | | | Total Adjustments | 485,178 | | | FINANCING ACTIVITES | | | | Capital Distributions | (489,893) | | | Net cash used for Financing Activities | (489,893) | | | Net cash decrease for period | (4,715) | | | Cash at beginning of period | 48,670 | | | Cash at end of period | \$ 43,955 | | | Supplemental Disclosure of Cash Flow Information: | | | | Interest Payments | \$
763 | | {10}------------------------------------------------ # PTS BROKERAGE, LLC NOTES TO FINANCIAL STATEMENTS ### DECEMBER 31, 2024 ### NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following is a summary of the significant accounting policies applied by management in the preparation of the financial statements. ### Organization PTS Brokerage, LLC (Company) was organized under the Laws of the State of New Jersey in 2001 and has been registered as a broker-dealer with the SEC and has been a member of the Financial Industry Regulatory Authority (FINRA) since August 2002 and has a registration as a Registered Investment Advisor. The Company sells mutual funds, 529s, life insurance products including variable annuities, provides investment advisory services and provides financial planning services to public customers. The Company is registered in sixteen (16) states to conduct securities transactions. Federal, state, and local income tax returns for years prior to 2021 are no longer subject to examination by tax authorities. ### Estimates The preparation 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. ### Property and equipment Property and equipment are carried at cost, net of depreciation. ### Income taxes The Company, a limited liability company, has elected to be taxed for federal and state purposes as a proprietorship. As a result, the Company is not a taxpaying entity for federal or state income tax purposes and, accordingly, no income tax expense or tax benefit has been recorded in these financial statements. Income or losses from the Company are reflected on the Members income tax returns. {11}------------------------------------------------ ### PTS BROKERAGE, LLC NOTES TO FINANCIAL STATEMENTS #### DECEMBER 31, 2024 ### NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES #### Revenue from contracts with customers The Company recognizes revenue in accordance with FASB Accounting Standards 606 revenue is recognized upon satisfaction of performance obligations by transferring control over goods or service to a customer. 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 obligations are identified; when to recognize contract; and whether constraints on variable consideration should be applied due to uncertain future events. The Company has entered into contracts with mutual funds or their selling agents and others under which the Company receives selling and distribution commissions resulting from the sale of certain investment products to its customers, including the sale of certain classes of mutual funds shares and variable annuities. Selling and distribution commissions are paid up front based on a fixed percentage of share price, the price of investment product sold, or the value of specified transactions and are recognized at a point in time on the trade or sale date. The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing for the transaction is agreed upon, and the risks and reward of ownership have been transferred to/from the customer. A receivable is recognized if the commission is paid to the Company on a date subsequent to the trade date. Under contracts entered into with mutual funds or their selling agents and others, the Company also receives selling and distribution commissions that are paid over time based on a fixed percentage of -1 fees). The Company believes the performance obligation is satisfied over time and recognizes revenue associated with 12b-1 fees and investment advisory fees over the period to which such fees relate. ### Leases The Company recognizes and measures its leases in accordance with FASB ASC 842, Leases. The Company determines if an arrangement is a lease, or contains a lease, at inception of a contract and when the terms of an existing contract are changed. The Company recognizes a lease liability and a right of use (ROU) asset at the commencement date of the lease. The lease liability is initially and subsequently {12}------------------------------------------------ ### PTS BROKERAGE, LLC NOTES TO FINANCIAL STATEMENTS #### DECEMBER 31, 2024 #### Leases (continued) recognized based on the present value of its future lease payments. Variable payments are included in the future lease payments when those variable payments depend on an index or a rate. The discount rate is the implicit rate if it is readily determinable or otherwise the Company uses its incremental borrowing rate. The implicit rates of our leases are not readily determinable and accordingly, we use our incremental borrowing rate based on the information available at the commencement date for all leases. The to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms and in a similar economic environment. The ROU asset is subsequently measured throughout the lease term at the amount of the re-measured lease liability (i.e., present value of the remaining lease payments), plus unamortized initial direct costs, plus (minus) any period (accrued) lease payments, less the unamortized balance of lease incentives received, and any impairment recognized. Lease cost for lease payments is recognized on a straight-line basis over the lease term. The Company has elected, for all underlying classes of assets, to not recognize ROU assets and lease liabilities for short-term leases that have a lease term of 12 months or less at lease commencement, and do not include an option to purchase the underlying asset that the Company is reasonably certain to exercise. The Company recognizes lease cost associated with short-term leases on a straight-line basis over the lease term. ## NOTE 2 NET CAPITAL REQUIREMENT The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (Rule 15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed a ratio of 15 to 1. At December 31, 2024 the ratio was 1.57 to 1. The Company complied with the exemptive provisions of Rule 15c3-3 under subparagraph (k)(1). All customer transactions are limited to the sale and redemption of redeemable securities of registered investment companies, the sale of life insurance products including variable annuities, and providing investment advisory services. At December 31, 2024, the Company had net capital, as defined, of \$133,542, which was \$119,521 in excess of its required minimum net capital of \$14,021. {13}------------------------------------------------ # PTS BROKERAGE, LLC NOTES TO FINANCIAL STATEMENTS ### DECEMBER 31, 2024 ### NOTE 3 COMMITMENTS AND CONTINGENCIES The Company can be subject to regulatory inquiries that result in the assessment of fines or other sanctions. Management has determined that as of the date of the financial statement, no assessment of fines or other sanctions are imposed. ## NOTE 4 SEGMENT REPORTING The Company is engaged in a single line of business as a securities broker-dealer, which is primarily comprised of: the sale of mutual funds, 529s, life insurance products including variable annuities, financial planning services, and investment advisory services. The Company has identified its CEO as the chief operating decision maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, and to manage the Company. Additionally, the CODM uses excess net capital (see Note 2, which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay distributions to members. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. ## NOTE 5 SUBSEQUENT EVENTS Events of the company subsequent to December 31, 2024 have been evaluated through March 24, 2025 which is the date the financial statements were available to be issued, for the purpose of identifying events requiring recording or disclosure in the financial statements for the year ended December 31, 2024. {14}------------------------------------------------ SUPPLEMENTAL INFORMATION {15}------------------------------------------------ # PTS BROKERAGE, LLC SCHEDULE I COMPUTATION OF NET CAPITAL PURSUANT TO RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION # DECEMBER 31, 2024 | Total member equity from | | | |----------------------------------------------------|------------|--| | Statement of financial condition | \$180,024 | | | Non-Allowable Assets: | | | | Receivables | 7,503 | | | Other assets | 38,979 | | | Total Non-Allowable Assets | 46,482 | | | Net Capital | \$ 133,542 | | | COMPUTATION OF BASIC NET CAPITAL REQUIREMENT | | | | Minimum net capital required per 15c3-1 (a)(2) | \$ 14,021 | | | Minimum Dollar Net Capital Requirement | \$ 5,000 | | | Minimum Net Capital Requirement | \$14,021 | | | Excess Net Capital | \$ 119,521 | | | Excess Net Capital at 120% | \$ 112,510 | | | Aggregate Indebtedness from Statement of Financial | | | | Condition, net of A-1c liabilities | \$ 210,316 | | | Percentage of AI to NC | 157.49 % | | | | | | | Debt-Equity Ratio in accordance with 15c3-1(d) | 0 % | | {16}------------------------------------------------ ### SCHEDULE II # PTS BROKERAGE, LLC EXEMPTIVE PROVISIONS UNDER 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION ### DECEMBER 31, 2024 The Company is exempt from Rule 15c3-3 of the Securities and Exchange Commission in reliance on Footnote 74 of Release 34-70073 regarding adopting amendments to 17 C.F.R. § 240.l 7a-5. {17}------------------------------------------------ OTHER MATTERS {18}------------------------------------------------ ## ROMEO & CHIAVERELLI LLC ONE BALA AVENUE SUITE 234 BALA CYNWYD, PA 19004 # Report of Independent Registered Public Accounting Firm Exemption Report Review To the Board of Directors: PTS Brokerage, LLC We have reviewed management's statements, included in the accompanying Exemption Report, on which PTS Brokerage, LLC identified the following provisions of 17 C.F.R. ~15c3-3(k) under which PTS Brokerage, LLC claimed an exemption from Footnote 74 of SEC Release 34-700073 and PTS Brokerage, LLC stated that PTS Brokerage, LLC. met the identified exemption provisions throughout the most recent fiscal year without exception. PTS Brokerage, LLC's management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about PTS Brokerage, LLC's compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in paragraph (k) Footnote 74 of SEC Release 34-700073. Romeo & Chiaverelli, LLC Bala Cynwyd, PA March 24, 2025 {19}------------------------------------------------ ## EXEMPTION REPORT We confirm, to the best of our knowledge and belief, that: - 1. PTS Brokerage, LLC does not claim an exemption under paragraph (k) of 17 C.F.R. § 240. 15c3-3, and - 2. PTS Brokerage, LLC is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. §240.1 7a-5 because the Company limits its business activities exclusively to: effecting securities transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company, and the Company (1) did not directly or indirectly receive. hold. or otherwise owe funds or securities for or to customers. ( other than funds received and promptly transmitted for effecting transact ions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company), (2) did not carry accounts of or for customers, and (3) did not carry PAB accounts (as defined in Ruic I 5c3-3) throughout the most recent fiscal year. PTS Brokerage. LLC met the conditions or footnote 74 throughout the year ended December 31, 2024 without exception. Jeremy J. Schank PTS Brokerage, LLC 125 Gaither Drive, Suite C Mount Laurel. NJ 08054 (856) 802-9400 3/24/25 Date Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.