# PINNACLE CAPITAL SECURITIES, LLC X-17A-5 (2024-05-20) — Broker-dealer annual report - Company: PINNACLE CAPITAL SECURITIES, LLC - Form: X-17A-5 - Filed: 2024-05-20 - Period: 2024-03-31 - Accession: 0001169789-24-000001 - 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: 813-442-1645 - Email: acarter@pinnaclecapgrp.com - Website: pinnaclecapgrp.com - Signed by: William E Davis (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1169789/000116978924000001/pcs_public.pdf --- {0}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** > **ANNUAL REPORTS FORM X-17A-S PART** Ill 0MB APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated **average** burden hours per response: 12 | SEC FILE NUMBER | |-----------------| | 8-65265 | MM/DD/VY **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 04/01 /23 | | AND ENDING 03/31 /24 | |-------------------------------------------|----------|----------------------| | | MM/00/YY | | **A. REGISTRANT IDENTIFICATION** NAME m FIRM: Pinnacle Capital Securities, LLC TYPE OF REGISTRANT (check all applicable boxes): 0 Broker-dealer □ Security-based swap dealer D Check here if respondent is also an OTC derivatives dealer □ Major security-based swap participant 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) | (City) | (State) | (Zip Code) | | 01/05/2015
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of R•glstcatloo w;th PCAOBJ(lf appUcabl,J | | | | | | 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)(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** I, \_w\_1\_111\_am\_E\_D\_a\_vi\_s \_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Pinnacle Capital Securities, LLC as of 3/31 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 as that of a customer. | | 'I <> <> <> <> o <> <> o c, 0 <> 0 <> f
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' | | |------------|---------------|---------|--------------|--| | Title: | | | | | CEO Nota~ IC ### **This filing\*\* contains (check all applicable boxes):** - **iii** (a) Statement of financial condition. - □ (b) Notes to consolidated statement of financial condition. - D (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. - D (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (f) Statement of changes in liabilities subordinated to claims of creditors. - D (g) Notes to consolidated financial statements. - D (h) Computation of net capital under 17 CFR 240.1Sc3-1 or 17 CFR 240.18a-1, as applicable. - D (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. - D (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. - □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - D (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-l, 17 CFR 240.18a-l, 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. - **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. - □ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - **iii** (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 report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - D (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.l 7a-5 or 17 CFR 240.18a-7, as applicable. - □ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). D (z) Other:---------------- ---------------------- - - "'\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e}(3) or 17 CFR 240.1Ba-7(d)(2), as applicable. {2}------------------------------------------------ #### CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT #### CIVIL CODE § 1189 .4 .5 . SECURATION COLLECTION COLLECTION COLLECTION CONSULTION CARAL CONSULTER CONSULTION CONSULTION CONTENTION CONTENTION CONTENTION CONTENTION CONTENTION CONTENTION CONTENTION CONT 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. | State of California | | | | | |------------------------------------------------------------------|------------------|--|-------------------------------------------|--| | County of Costince les | | | | | | on / lang 17, 2024 before me, Nork J Bokl J Bokle Robert Pelelie | | | | | | Date | | | Here Insert Name and Title of the Officer | | | personally appeared | William E. Davis | | | | | | | | | | who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument ![](_page_2_Picture_5.jpeg) I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature Signature of Notary Public Place Notary Seal and/or Stamp Above OPTIONAL Completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. | | Description of Attached Document
Title or Type of Document: ___________________________________________________________________________________________________________________________________________________ | | | | | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--| | | Document Date: Date: Date: Date: Same Career State Number of Pages: Number of Pages: San Same | | | | | | | Signer(s) Other Than Named Above: -------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | | Capacity(ies) Claimed by Signer(s) | | | | | | | Signer's Name: | | Signer's Name: _______________________________________________________________________________________________________________________________________________________________ | | | | Corporate Officer - Title(s): - Title(s): | | Corporate Officer - Title(s): - Title(s): - - - - - - - - - - - - - - - - | | | | | D Partner - D Limited O General | | D Partner - D Limited O General | | | | | O Individual | Attorney in Fact | a Individual | Attorney in Fact | | | | O Trustee | G Guardian of Conservator | O Trustee | D Guardian of Conservator | | | | O Other: --------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | O Other: | | | | | | Signer is Representing: ______________________________________________________________________________________________________________________________________________________ | | Signer is Representing: ______________________________________________________________________________________________________________________________________________________ | | | III WARI WASHIRI WA MARKA KA MARKA KA MARKA WARA WARA WARA WA WARA WA WARA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA WA @2017 National Notary Association {3}------------------------------------------------ **DAVID 8. LUNDGREN, MBA, CPA** **(91 3) 782-9530 FACSIMILE (91 3) 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, 2024, 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, 2024 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. ~ *, /) .* ///' . . / / \_L,}c;;,~ -=-/ *C~* We have served as Pinnacle Capital Securities, LLC's auditor since 2018. Olathe, Kansas May 17, 2024 {4}------------------------------------------------ ## PINNACLE CAPITAL SECURITIES, LLC ## STATEMENT OF FINANCIAL CONDITION ## MARCH 31, 2024 ### ASSETS | PINNACLE CAPITAL SECURITIES, LLC | | | | | | |----------------------------------|--------------|--|--|--|--| | STATEMENT OF FINANCIAL CONDITION | | | | | | | MARCH 31, 2024 | | | | | | | | | | | | | | ASSETS | | | | | | | Cash and cash equivalents | \$
46,809 | | | | | | Other Receivables | 48,738 | | | | | | Prepaid Assets and Deposits | _ 14,901 | | | | | | Total Assets | \$110,448 | | | | | | | | | | | | | | | | | | | ### LIABILITIES AND MEMBERS' EQUITY | ASSETS | | | |--------------------------------------|---------------|--| | | | | | Other Receivables | 48,738 | | | | | | | Total Assets | \$110,448 | | | | | | | | | | | | | | | LIABILITIES AND MEMBERS' EQUITY | | | | LIABILITIES | | | | Accounts Payable | \$
26,418 | | | Total Liabilities | \$
26,418 | | | MEMBER'S EQUITY | \$ 84,030 | | | Total Liabilities and Members Equity | \$
110,448 | | | | | | | | | | | | | | Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.