# COMPAK SECURITIES, INC. X-17A-5 (2026-02-12) — Broker-dealer annual report - Company: COMPAK SECURITIES, INC. - Form: X-17A-5 - Filed: 2026-02-12 - Period: 2025-12-31 - Accession: 0001218189-26-000001 - CIK: 1218189 - File #: 8-65804 - Type: Broker-dealer - Material weakness: No - Auditor: DCPA - Auditor location: CENTURY CITY, CA - Contact: Elmer Salvador - Phone: 9496792500 - Email: mansari@compak.com - Website: compak.com - Signed by: Moeez Ansari (President) Original filing: https://www.sec.gov/Archives/edgar/data/1218189/000121818926000001/2025CompakCertAud.pdf --- {0}------------------------------------------------ Audited Financial Statements And Supplement Information Year Ended December 31, 2025 {1}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** # **ANNUAL REPORTS FORM X-17A-5 PART Ill** 8-65804 0MB APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER **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 **01/01/25** MM/DD/VY AND ENDING 12f31 f*25* MM/DD/YY **A. REGISTRANT IDENTIFICATION** NAME oF FIRM: Compak Securities, Inc. TYPE OF REGISTRANT (check all applicable boxes): ~ Broker-dealer D Security-based swap dealer D 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.) 1801 Dove St (No. and Street) Newport Beach CA 92660 (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING Moeez Ansari 949-6792500 mansari@compak.com (Name) (Area Code - Telephone Number) (Email Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* DCPA (Name - if individual, state last, first, and middle name) 2121 Avenue of the Stars #800 Century City California 90067 (Address) {City) (State) (Zip Code) 9/15/2020 6567 r· of Reg;~c,foo w;th PCAOB)(;f applkable) **FOR OFFICIAL USE ON Ly** IPCAOB Reg;,t,afoo Nombe,, If ap~lcabl•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 the basis of the exemption. See 17 CFR 240.17a-S(e)(l)(li), 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. {2}------------------------------------------------ ### **OATH OR AFFIRMATION** | I, Moeez Ansari | swear (or affirm) that, to the best of my knowledge and belief, the | | |--------------------------------------------------------------------|---------------------------------------------------------------------|-------| | financial report pertaining to the firm of Compak Securities, Inc. | | as of | **\_1\_2\_/3\_1 \_\_\_\_\_\_\_\_ \_\_,** 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. | Signature: | | |------------|--| | Title: | | Notary Public ### **This filing\*\* contains (check all applicable boxes):** - **iii** (a) Statement of financial condition. - D (b) Notes to consolidated statement of financial condition. - **iii** (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).** - **ii** (d) Statement of cash flows. - **iii** (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors. - ~ (g) Notes to consolidated financial statements. - **ii** (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - D (i) Computation of tangible net worth under 17 CFR 240.18a-2. - **iii** (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - D (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. - **iii** (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - D (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. - **iii** (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-l, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.1Sc3-3 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 cond ition. - **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. - **liii!l** (s) ElPursuant to SEC Rule 15c3-1 | 9 | | Schedule II - Computation for Determination of Reserve
Requirements Pursuant to SEC Rule 15c3-3 | 10 | | Schedule III - Information Relating to the Possession
or Control Requirements Pursuant to SEC Rule 15c3-3 | 11 | | Report of Independent Registered Public Accounting Firm –
Exemption Report | 12 | | Management Exemption Report | 13 | {4}------------------------------------------------ DCPA # 2121 AVE OF THE STARS #800 424-253-1212 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To Those Charged with Governance and the Stockholders of Compak Securities, Inc.: ### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Compak Securities, Inc. (the "Company") as of December 31, 2025, the related statements of income, changes in 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, 2025, 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. 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 in accordance with the standards of the PCAOB. Those standards require that we plan stockholders' ### Basis for Opinion 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. The information contained in Schedules I, II and III ) has been subjected to audit Information is the responsibility of the Company management. Our audit procedures included determining ### Supplemental Information procedures performed in conjunction with the audit of the 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 17 C.F.R. § 240.17a-5. In our opinion, Schedules I, II and III are fairly stated, in all material respects, in relation to the financial statements taken as a whole. February 09, 2026 ("Supplemental Information" Company's financial statements. The Supplemental 's *OCPA* DCPA We have served as the Company's auditor since 2022. Century City, California {5}------------------------------------------------ ### Statement of Financial Condition ### December 31, 2025 ### ASSETS | COMPAK SECURITIES, INC. | | | |----------------------------------------------------|------------------|--| | Statement of Financial Condition | | | | December 31, 2025 | | | | | | | | ASSETS | | | | Cash | \$
53,215 | | | Commissions receivable
Prepaid and other assets | 45,578
23,287 | | | Total assets | \$122,080 | | | LIABILITIES AND STOCKHOLDERS' EQUITY | | | ### LIABILITIES AND STOCKHOLDERS' EQUITY {6}------------------------------------------------ ### Statement of Income ### Year Ended December 31, 2025 | COMPAK SECURITIES, INC. | | |----------------------------------------------|----------------------| | Statement of Income | | | Year Ended December 31, 2025 | | | Revenues | | | Commissions
Income
Total revenues | \$385,070
385,070 | | Expenses | | | Commission
Fees
Compensation | 149,545
51,000 | | Outside services
Insurance | 13,133
9,859 | | Rent | 12,000 | | Other
Licenses and registrations | 855
10,218 | | Total expenses | 246,610 | | Operating income before income tax provision | 138,460 | | Income tax provision | 800 | | Net Income | \$137,660 | {7}------------------------------------------------ ## Statement of Changes in Stockholders' Equity Year Ended December 31, 2025 | | COMPAK SECURITIES, INC. | | | | |------------------------------|------------------------------|----------------------------------------------|----------------------|----------------------| | | | Statement of Changes in Stockholders' Equity | | | | | Year Ended December 31, 2025 | | | | | | | | | | | | Common
Stock | Additional
Paid-in Capital | Retained
Earnings | Total | | Balance on December 31, 2024 | \$
20,000 | \$
120,000 | \$
(29,411) | \$
110,589 | | | | (41,751) | | (41,751) | | Return of capital | | | | | | Distributions | - | - | (108,249) | | | Net Income | - | - | 137,660 | (108,249)
137,660 | {8}------------------------------------------------ ### Statement of Cash Flows ### Year Ended December 31, 2025 | Cash flows from operating activities
Net income
Adjustments to reconcile net income
to net cash provided by
operating activities: | \$137,660 | |-----------------------------------------------------------------------------------------------------------------------------------------------|----------------------------| | (Increase) decrease in:
Commissions receivable
Prepaid expense
(Decrease) increase in: | (38,168)
(13,144) | | Accounts payable and accrued liabilities
Total adjustments | 8,9
0
9
(43,322) | | Net cash provided by operating activities | 95,338 | | Cash flows from investing activities | - | | Cash flows from financing activities
Return of capital
Distributions | -
(41,751)
(108,249) | | Net cash provided by (used in) financing
activities | (150,000) | | Net decrease in cash | (54,662) | | Cash
Beginning of year | 107,877 | | End of year | \$53,215 | | Supplemental disclosure of cash flow information:
Interest paid | \$
- | | Taxes paid | \$
800 | {9}------------------------------------------------ ### Notes to Financial Statements December 31, 2025 1. THE COMPANY AND ITS SIGNIFICANT ACCOUNTING POLICIES The Company. Compak Securities, Inc. (the "Company"), a California corporation, is a registered broker-dealer licensed by the United States Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA") and Securities Investor Protection Corporation ("SIPC"). Accounting Estimates. The preparation of financial statements in conformity with United States of America generally accepted accounting principles ("GAAP") requires management to make estimates that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Revenue Recognition. The Company provides several classes of securities broker-dealer services, principally the sale of variable life insurance or annuities. The Company earns commissions from the sale of these policies, generally an initial up-front (first year) commission as well as ongoing commissions upon policy renewal, on an annual or other basis. The Company recognizes the first-year commission upon the sale transaction date, because its performance obligation is the sale itself. Commissions on policy renewals are considered variable consideration, due to the uncertainties of realization. The Company recognizes renewal commissions in the period received, which corresponds to the Company's performance of its ongoing marketing performance obligations, as well as the satisfaction of the variable consideration uncertainties. This treatment is not GAAP, however the difference between GAAP and when received is immaterial. These uncertainties include the customer's renewal decision and the various factors impacting the commission amount. 2. RELATED PARTY TRANSACTIONS Commission Receivables. These balances 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. Income Taxes. The Company has elected S corporation status under the state and federal tax laws. Accordingly, income or losses pass through to the Company's stockholders, and no provision for federal income taxes has been reflected in the accompanying financial statements. State income taxes have been provided at the reduced rate applicable to S corporations. During the year ended December 31, 2025, the Company paid a total of \$27,000 to Compak Asset Management ("CAM") for the leasing of employees and facilities with their respective amounts included in Compensation and Rent on the Statement of Income. 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. The Company shares its office space with CAM under the terms of an annual expense sharing agreement. This agreement is not subject to ASC 842 under the short-term exemption. As a result, the adoption of ASC 842 had no effect on the Company's financial statements for the year ended December 31, 2025. {10}------------------------------------------------ ### Notes to Financial Statements December 31, 2025 ### 3. NET CAPITAL REQUIREMENTS Under Rule 15c3-1 of the Securities Exchange Act of 1934, the Company is required to maintain a minimum net capital (as defined) and a ratio of aggregate indebtedness to net capital (as defined) not exceeding 15 to 1. The basic concept of the Rule is liquidity, its object being to require a broker-dealer in securities to have at all times sufficient liquid assets to cover its current indebtedness. On December 31, 2025, the Company had net capital of \$49,178 which was \$44,178 in excess of the amount required by the SEC. The Company's ratio at December 31, 2025 was 0.48 to 1 4. INCOME TAXES As discussed in the Summary of Significant Accounting Policies (Note 1), the Company has elected the Subchapter S Corporation tax status; therefore, no provision or liability for federal income taxes is included in these financial statements. The State of California recognizes Subchapter S Corporations for state tax purposes. However, the state imposes a 1.5% tax on the net income and a minimum Franchise Tax of \$800, whichever is greater. ### 5. SUBSEQUENT EVENTS The Company has evaluated subsequent events and transactions from the Statement of Financial Condition date through the date the financial statements were available to be issued, and determined there were no events or transitions which require recording or disclosure in the financial statements. ### 6. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS The Financial Accounting Standards Board (the "FASB") has established the Accounting Standards Codification ("Codification" or "ASC") as the authoritative source of generally accepting accounting principles ("GAAP") recognized by the FASB. The principles embodies in the Codification are to be applied by nongovernmental entities in the preparation of financial statements in accordance with GAAP in the United States. New accounting pronouncements are incorporated into the ASC through the issuance of Accounting Standards Updates ("ASU's"). For the year ending December 31, 2025, various ASU's issued by the FASB were either newly issued or had effective implementation dates that would require their provisions to be reflected in the financial statements for the year then ended. The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Company's financial statements. In most cases, management has determined that the pronouncement has either limited or no application to the Company and, in all cases, implementation would not have a material impact on the financial statements taken as a whole. ### 7. COMMITMENTS AND CONTINGENCIES As of December 31, 2025, the Company had no commitment, contingency or guarantee that might result in a loss or a future obligation, as well as any claim of which the firm was aware that might be asserted against it as of the audit opinion date. {11}------------------------------------------------ ### Notes to Financial Statements December 31, 2025 ### 8. SEGMENT REPORTING The Company follows Accounting Standards Update 2023-07 - Segment Reporting (Topic 280):Improvements to Reportable Segment Disclosures ("ASU 2023-07") , which expands reportable segment information by requiring companies to disclose, on an annual and interim basis, significant reportable segment expenses that are regularly provided to the Chief Operating Decision Maker ("CODM") and included within each reported measure of a segment's profit or loss. ASU 2023-07 also requires disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM makes decisions about allocating resources to segments and evaluating performance. The Company conducts its business activities and reports financial results as a single reportable brokerage services segment. The CODM title and position is the CEO who makes decisions about allocating resources and assessing performance in a manner consistent with the way the Company operates its business and presents their financial results. The nature of business and accounting policies of the brokerage services segment are the same as described in the description of business and summary of significant accounting policies notes. {12}------------------------------------------------ ### Schedule I Computation of Net Capital Requirements Pursuant to SEC Rule 15c3-1 ### December 31, 2025 | COMPAK SECURITIES, INC. | | | | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----|----------------------|----|----------|--|--| | Schedule I
Computation of Net Capital Requirements
Pursuant to SEC Rule 15c3-1 | | | | | | | | December 31, 2025 | | | | | | | | Computation of net
capital | | | | | | | | Total
stockholders'
equity | | | \$ | 98,249 | | | | Less:
Non-allowable
assets | | | | | | | | Receivables, now-allowable portion
Prepaid expense | | (25,784)
(23,287) | | | | | | Total
non-allowable
assets | | | | (49,071) | | | | Net Capital | | | | 49,178 | | | | Computation of
net capital
requirements
Minimum net
capital
requirement | | | | | | | | 6 2/3 percent
of
net
aggregate indebtedness | \$ | 1,589 | | | | | | Minimum dollar net capital required | \$ | 5,000 | | | | | | Net
capital
required
(greater
of
above) | | | | (5,000) | | | | Excess
net
capital | | | \$ | 44,178 | | | | Aggregate
indebtedness | | | \$ | 23,831 | | | | Ratio of aggregate indebtedness
to
net
capital | | | | 0.48:1 | | | | There was no material difference between net capital computation shown here and the net capital
computation shown on the Company's most recently filed unaudited Form X-17A-5 Part IIA report
dated December 31, 2025. | | | | | | | See Report of Independent Registered Public Accounting Firm {13}------------------------------------------------ # Schedule II Computation for Determination of Reserve Requirements Pursuant to SEC Rule 15c3-3 ### December 31, 2025 The Computation for Determination of the Reserve Requirements is not applicable to the Company, as the Company is not subject to the provisions of Rule 15c3-3 as the Company does not, and will not, hold customer funds or securities, and that its business activities are dealings in several classes of securities broker dealer services principally the sale of variable life insurance or annuities. Accordingly, there are no items to report under the requirements of this Rule. See Report of Independent Registered Public Accounting Firm {14}------------------------------------------------ # Schedule III Information Relating to the Possession or Control Requirements Pursuant to SEC Rule 15c3-3 ### December 31, 2025 Information Relating to Possession or Control Requirements for Brokers and Dealers is not applicable to the Company, as the Company is not subject to the provisions of Rule 15c3-3 as the Company does not, and will not, hold customer funds or securities, and that its business activities are dealings in several classes of securities broker dealer services principally the sale of variable life insurance or annuities. Accordingly, there are no items to report under the requirements of this Rule. See Report of Independent Registered Public Accounting Firm {15}------------------------------------------------ Report on Exemptions Provisions Pursuant to Provisions of 17 C.F.R. § 15c3-3(k) For the Year Ended December 31, 2025 {16}------------------------------------------------ DCPA ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To Those Charged with Governance and the Stockholders of Compak Securities, Inc.: We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) Compak Securities, Inc. does not claim an exemption under paragraph (k) of 17 C.F.R. § 240. 15c3-3, and (2) Compak Securities, Inc. of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a- -Covered but limited to (1) sale of variable insurance or annuities and that the Company did not identify any exceptions to this assertion throughout the year ended December 31, 2025. Compak Securities, Inc. , and the provisions of Footnote 74, and its statements. Firm") 's other business activities contemplated by Footnote 74 5 ("Non 's management is responsible for compliance with the exemption provisions 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 Compak Securities, Inc.'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 the Non-Covered Firm provision. *PCPA* DCPA Century City, California February 09, 2026 {17}------------------------------------------------ ![](_page_17_Picture_0.jpeg) ### **CO\'fP,:\f\ SECLRITIES, l:\C.** \IF \ lllFH F l\ll \ & SIPC ### **Compak Securities, Inc. Exemption Report For the Year Ended December 31, 2025** Compak Securities, Inc. ("the Company"), is a registered broker-dealer subject to Rule 17a -5 promulgated by the Securities and Exchange Commission (17 C.F.R. Section 240.17a -5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. Section 240. l 7a-5( d)(l) and ( 4 ). To the best of its knowledge and belief, the Company states the following: - 1) The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240. 15c3-3, and - 2) The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.l 7a-5 because the Company limits its business activities exclusively to (1) sale of variable insurance or annuities. The Company **(1)** did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. Compak Securities, Inc. I, Moeez Ansari, swear ( or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. By:\_~- ~ - ) Title: *T ~-m-r* Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.