# PINNACLE CAPITAL SECURITIES, LLC X-17A-5 (2023-05-26) — Broker-dealer annual report - Company: PINNACLE CAPITAL SECURITIES, LLC - Form: X-17A-5 - Filed: 2023-05-26 - Period: 2023-03-31 - Accession: 0001169789-23-000002 - CIK: 1169789 - File #: 8-65263 - Type: Broker-dealer - Material weakness: No - Auditor: David Lundgren and Company, CPAs - Auditor location: Olathe, KS - Contact: Ana R Carter - Phone: 8134421645 - Email: acarter@pinnaclecapgrp.com - Website: pinnaclecapgrp.com - Signed by: William E. Davis (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1169789/000116978923000002/PUBLIC865265.pdf --- {0}------------------------------------------------ | | UNITED STATES | | 0MB APPROVAL | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|------------|-------------------------------------------------|---| | | SECURITIES AND EXCHANGE COMMISSION | | 0MB Number: 3235-0123
Expires: Oct. 31, 2023 | | | | Washington, D.C. 20549 | | Estimated average burden | | | | | | hours per response:
12 | | | | ANNUAL REPORTS | | SEC FILE NUMBER | | | | FORM X-17A-5 | | 8-65265 | | | | PART Ill | | | | | | | | | | | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | FACING PAGE | | | | | | 04/01/22 | | 03/31/23 | | | FILING FOR THE PERIOD BEGINNING | MM/DD/YY | AND ENDING | MM/DD/YY | | | | | | | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF FIRM: | Pinnacle Capital Securities, LLC | | | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes): | | | | | | 0 Broker-dealer | □ Security-based swap dealer | | □ Major security-based swap participant | | | D Check here if respondent is also an OTC derivatives dealer | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | 4105 E Broadway, Suite 101 | | | | | | (No. and Street) | | | | | Long Beach | CA | | 90803 | | | (City) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Ana R. Carter | 813-442-1645 | | acarter@pinnaclecapgrp.com | | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | David Lundgren and Company, CPAs | | | | | | (Name - if individual, state last, first, and middle name) | | | | | 505 N Mur-Len Rd | Olathe | KS | 66062 | | | (Address) | (Cit y) | (State) | (Zip Code) | | | 01/05/2015 | | | 6075 | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | I | | | | I | | * 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 t he basis of the exemption. See 17 | | | | | | CFR 240.l 7a-S(e}(l}(ii), if applicable. | | | | | | Persons who are to respond to the collection of information contained in this form are not required to respond unless the form
displays a currently valid 0MB control number. | | | | | | | | | | | {1}------------------------------------------------ ### **OATH OR AFFIRMATION** | | OATH OR AFFIRMATION | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 1, | William E. Davis
swear (or affirm) that, to the best of my knowledge and belief, the | | | as of
finanJlial report pertaining to the firm of
Pinnacle Capital Securities, LLC | | | 2~
is true and correct. I further swear (or affirm) that neither the company nor any
March 31
• | | | partnr,r, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely | | | as th t of a customer. | | | '~
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0 NOTA.'~ | | | LOS ANGELES COUNTY\,
Title: | | | CEO | | | | | Notat | u ic | | | This fjling** contains (check all applicable boxes): | | 0 | ) Statement of financial condition.
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□ (b) Notes to consolidated statement of financial condition. | | D | (~) 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). | | | I □ (d) Statement of cash flows. | | D | (~) Statement of changes in stockholders' or partners' or sole proprietor's equity. | | | D (f~ Statement of changes in liabilities subordinated to claims of creditors. | | D | (g) Notes to consolidated financial statements. | | | □ (~) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. | | D | (il 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. | | D | (1) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or | | | Ef hibit A to 17 CFR 240.18a-4, as applicable.
(I! Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. | | D | | | D | □ (rr,) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3.
(1) Information relating to possession or control requirements for security-based swap customers under 17 CFR | | | 2f 0.1Sc3-3(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 | | | 4 orth under 17 CFR 240.15c3-l, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 | | | Cf R 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences | | | ekist. | | | □ ( ) Summary of financial data for subsidiaries not consolidated in the statement of financia
l condition. | | 0 | (1) Oath or affirmation in accordance with 17 CFR 240.17a-5, 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. | | | □ (~ 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. | | D | ( ) Independent public accountant's report based on an examination of the financial report or financial statements under 17 | | | Cf.R 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. | | D | ( ) Independent public accountant's report based on an examination of certain statements in the compliance report under 17
CfR 240.17a-5 or 17 CFR 240.18a-7, as applicable. | | D | (f
l Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 | | | Cf R 240.18a-7, as applicable. | | | □ ( ) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, | | | a applicable. | | D | ~ Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or | | | ar,tatement that no material inadequacies exist, under 17 CFR 240.17a-12(k).
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____________ | | | □ (21) Other:
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_ _ | \*\*To ~equest 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 applicoble. {2}------------------------------------------------ # CALIFORNIA JURAT vit A notary public or other officer completing this certificate verifies only the individual who signed the document, to which this certificate is attached, and not the truthfulness, accuracy, or validity of that | document. | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |
. 2. 7. 7 | | STATE OF CALIFORNIA | | COUNTY OF Loss Angeles | | Subscribed and sworn to (or affirmed) before me on this CLL day of
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by --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | Nome of Signers | | | | proved to me on the basis of satisfactory evidence to be the person(s) who appeared before me. | | | | MARK J. BAKE | | COMM. # 238057
OTARY PUBLIC - CALIFORN
OS ANGELES COUN | | Signature:
OMM. EXPIRES NOV. 24, 202 | | Signature of Notary Public | | | | 1. 14. | | Seal
Place Notary Seal Above | | | | - OPTIONAL ------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Though this section is optional, completing this information can deter atteration of the document of fraudulent | | attachment of this form to an unintended document. | | Description of Attached Document | | Title or Type of Document: | | | | Document Date: | | Number of Pages: | | | | Signer(s) Other Than Named Above: | | | | | | | | 114 | | | | | {3}------------------------------------------------ DAVID B. LUNDGREN, MBA, CPA TELEPHONE (9 t 3) 782-9530 FACSIMILE (913) 782-9564 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Members of Pinnacle Capital Securities, LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Pinnacle Capital Securities, LLC as of March 31, 2023, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of Pinnacle Capital Securities, LLC as of March 31, 2023 in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of Pinnacle Capital Securities, LLC's management. Our responsibility is to express an opinion on Pinnacle Capital Securities, LLC's financial statement 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 Pinnacle Capital Securities, LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is 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 statement, 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. We have served as Pinnacle Capital Securities, LLC's auditor since 2018. Olathe, Kansas May 24, 2023 {4}------------------------------------------------ # PINNACLE CAPITAL SECURITIES, LLC # STATEMENT OF FINANCIAL CONDITION ## MARCH 31, 2023 ### ASSETS | PINNACLE CAPITAL SECURITIES, LLC | | | |----------------------------------|--------------|--| | STATEMENT OF FINANCIAL CONDITION | | | | MARCH 31, 2023 | | | | | | | | | | | | ASSETS | | | | Cash and cash equivalents | \$
48,306 | | | Other Receivables | 102,672 | | | Prepaid Assets and Deposits | _ 17,543 | | ### LIABILITIES AND MEMBERS' EQUITY | Other Receivables | | 102,672 | |--------------------------------------|---------------------------------|------------| | Prepaid Assets and Deposits | | _ 17,543 | | Total Assets | | \$168,521 | | | | | | | | | | | | | | | LIABILITIES AND MEMBERS' EQUITY | | | LIABILITIES | | | | Accounts Payable | | \$ 30,018 | | Total Liabilities | | \$ 30,018 | | MEMBER'S EQUITY | | \$ 138,503 | | Total Liabilities and Members Equity | | \$ 168,521 | | | | | | | | | | | | | The accompanying notes are an integral part of these financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.