# PLACE TRADE FINANCIAL, INC. X-17A-5 (2025-09-26) — Broker-dealer annual report - Company: PLACE TRADE FINANCIAL, INC. - Form: X-17A-5 - Filed: 2025-09-26 - Period: 2025-06-30 - Accession: 0001228096-25-000003 - CIK: 1228096 - File #: 8-65915 - Type: Broker-dealer - Material weakness: No - Auditor: Ohab and Company, P.A. - Auditor location: Raleigh, NC - Contact: Sarah M Place - Phone: 9197197200 - Email: sarah@placetrade.com - Website: placetrade.com - Signed by: Sarah M. Place (Prsident) Original filing: https://www.sec.gov/Archives/edgar/data/1228096/000122809625000003/SECPUBLIC2025_1.pdf --- {0}------------------------------------------------ PUBLIC UNITED STATES **SECURITIES AND EXCHANGE COMMISSION** Washington, D.C. 20549 **ANNUAL REPORTS FORM X-17A-5 PART** Ill **FACING PAGE 0MB APPROVAL** 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER Information **Required** Pursuant to Rules **17a-5, 17a-12, and 18a-7** under the Securities **Exchange Act of 1934** FILING FOR THE PERIOD BEGINNING 0? /01 / 2024 MM/DD/YY .AND ENDING 06/30/2025 MM/DD/YY **A. REGISTRANT IDENTIFICATION** NAME OF FIRM: Place Trade Financial, Inc. TYPE OF REGISTRANT (check all applicable boxes): GJ Broker-dealer □ Security-based swap dealer □ 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.) 6501 New Market Way (No. and Street) Raleigh NC (City) (State) PERSON TO CONTACT WITH REGARD TO THIS FILING 27615 (Zip Code) Sarah M. Place (919)719-7200 sarah@placetrade.com (Name) (Area Code -Telephone Number) (Email Address) **8. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* OHAB AND COMPANY, PA (Name- if individual, state last, first, and middle name) 100 E SYBELIAAVENUE, SUITE 130 **MAITLAND** FL 32751 (Address) (City) (State) (Zip Code) JULY 28, 2004 1839 **(rte** of **Registration with PCAOB)(lf applicable) FOR OFFICIAL USE ONLY** (PCAOB Registration Number, if applicable) 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}(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, Sarah M. Place | swear (or affirm) that, to the best of my knowledge and belief, the | |---------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------| | 2~
financial report pertaining to the firm of Place 1rad8 Financial, Inc. | as of | | 6/30 | 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 inter
as that of a customer. | dn'ir\d.l~~nt classified solely
Signature: | | | Title:
President | #### This filing\*\* contains (check all applicable **boxes):** - ii!! (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. - D (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. - D 0) 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. - 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. - □ (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-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.1Sc3-3 or 17 CFR 240.lSa-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-5, 17 CFR 240.17a-12, or 17 CFR 240.lSa-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. - D (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. - □ (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 240.17a-5 or 17 CFR 240.lSa-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 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). □ (z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - - \*\*To request 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 applicable. {2}------------------------------------------------ ООАТЧИН 23V316 ИУJ3V3 600000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 1 11 10 11 1 and and the same of one and the 1). 11 15M 29tiqu 3 noie 2010/2019 11, 2019 and for any for ਨਾਲ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1 8:10 PM 이 대한민국 대학교 대학교육 ਾ ਦਾ ਸਾਰਕ ਦਿੰਦੂ ਹੈ। ਸਾਲ ਸਾਹਿਤ ਕਰਨ ਦਾ ਸ਼ੁਰੂ ਕਿ ਇ and the comments of the world in 이 대한 사용 사용자 사용 ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘ . 【10000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 status persion termon por a "http://www.blogs.com/s 的一个人都是一个人的 ು ಕಾರ್ಯ ಅಂದು ಸಾಮಿ ಸಾಮ್ ಪ್ರ 18. 10 පිහිටා පිහිටා පිහිටා පිහිටි පිහිටි පිහිටි පිහිටි පිහිටි පිහිටි පිහිටි විසින් පිහිටි විසින් පිහිටි විසින් පිහිටි පිහිටි පිහිටු පිහිටු පිහිටි පිහිටි පිහිටි පිහිටි පිහිටි පිහි ,在此次的主要 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 and and the production of the contribution of ਾ ਦੀ ਸਾਹਿਬ ਸਾਰਕਾ ਸਿੰਘ ਸੀ। - 2017 で、「日本ではなかった。 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 이 참고 있는 것이 되었다. 그러나 . The complete of the comments i and the comments of the ser 0:00 来源: 上一篇: ,每年加入中国人民共和国际官方网站 a dia 1972 bayan ta ne se en online de formation for experience for 원, 1970년 1월 1일 : 20 a manufacturer and comments and . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a mail and produktion and company consistence p . 이 대한민국 대학교 동문 대학교 이 대한민국 대학교 대학교 대학 ost of the minute the first g 한국 대표 사용자 대 11. 2017 11:14:14 . 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Financial Statements and Supplemental Schedules Required by the U.S. Securities and Exchange Commission Including Independent Auditor's Report Thereon For the Period July 1, 2024 - June 30, 2025 # PUBLIC {4}------------------------------------------------ ### Place Trade Financial, Inc. Table of Contents For the Period July 1, 2024 - June 30, 2025 # Contents | Independent Auditor's Opinion 1 | | |-----------------------------------------------------------|--| | Financial Statements: Statement of Financial Condition 2 | | | Notes to Financial Statements 3 | | {5}------------------------------------------------ Place Trade Financial, Inc. Independent Auditor's Opinion For the Period July 1, 2024 - June 30, 2025 hab and Company, P.A 100 E Sybelia Ave. Suite 130 Valided FL 32751 Cornered Puttic tecnominants Fined parsonsshabas com Schone 407-780-7311 123 417-749-6411 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Stockholder of Place Trade Financial, Inc #### Opinion on the Financial Statement We have sudited the accompanying statement of financial condition of Place Trade Financial, Inc. as of June 30, 2025 and the related notes (collectvely referred to as the "Thancial statement") In our opinion, the financial statement presents faily, in all material respects, the financial possion of Place Trade Financial, Inc. as of June 30, 2025 in conformaty with accounting principles generally accepted in the United States of America #### Basis for Opinion This financial statement is the responsibility of Place Trade Financial, Inc.'s management. Our responsibility is to express on opinion on Place Trade Financial Inc.'s financial statement based on our suchit. accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Place Trade Financial, Inc. in accordance with the U.S. federal securites laws and the applicable niles and regulations of the Securites and Exchange Commission and the PCAOB. We conducted our audit in accardance 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 thee of material misstatement, whether due to arror or traud. Our audit included performing procedures to assess the neks of material missialement of the financial statement whether due to error or fraud, and performing processures that respond to those nsks. Such processures included examining, on a lest besis, evatence regarding the arrounts and disclosures in the financial statements. Our audit also including 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. Other court Courging , Of We have served as Place Trade Financial, Inc 's auditor since 2020 Mailland, Flonda September 23, 2025 {6}------------------------------------------------ ### Place Trade Financial, Inc. Financial Statements: Statement of Financial Condition As of June 30, 2025 | ASSETS | | |------------------------------------------|-------------| | Current Assets | | | Checking/Savings | | | Wells Fargo | | | Wells Fargo Checking | 1,218
\$ | | Wells Fargo High Yield Savings | 1.021 | | Wells Fargo Savings | 500 | | Total Wells Fargo | 2.739 | | Total Checking/Savings | 2,739 | | Accounts Receivable | | | Interest Receivable | 66 | | Commissions Rec | 745 | | Total Accounts Receivable | 811 | | Other Current Assets | | | CRD Deposits | 2 | | Interactive Brokers Cash | 54.661 | | Interactive Brokers Clearing | | | Total Other Current Assets | 54,664 | | Total Current Assets | 58,214 | | TOTAL ASSETS | 58,214 | | LIABILITIES & STOCKHOLDERS" EQUITY | | | Liabilities | | | Current Liabilities | | | Accounts Payable | | | Accounts Payable | 9.253 | | Total Current Liabilities | 9.253 | | Total Liabilities | 9,253 | | Equity | | | Additional Paid In Capital | 155,948 | | Common Stock, 400 Issued & Outstanding | 1,000 | | Retained Earnings | (106,617) | | Net Income | (1,370) | | Total Stockholders· Equity | 48.961 | | TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | s
58,214 | The accompanying notes are an integral part of these financial statements. {7}------------------------------------------------ ### NOTE **A- SUMMARY** OF ACCOUNTING POLICIES Accounting principles followed by the Company and the methods of applying those principles which materially affect the determination of financial position, results of operation and cash flows are summarized below: #### Organization Place Trade Financial, Inc., (the "Company"), is a full service, discount brokerage firm, incorporated on December 31, 2002, based on Raleigh, North Carolina with offices in Raleigh, North Carolina. The Company is a broker-dealer in securities, registered with the Securities and Exchange Commission (SEC) and is a member of various exchanges and the Financial Industry Regulatory Authority, Inc. (FINRA). The Company's securities are cleared through a clearing broker-dealer. The Company does not maintain customer's securities accounts nor does it perform custodial functions related to customer securities. ### Description of Business The Company, located in Raleigh, NC, is a broker and dealer in securities registered with the Securities and Exchange Commission ("SEC") and is a member of FINRA and the SIPC. The Company operates under SEC Rule 15c3-3(k)(2)(ii), which provides that all funds and securities belonging to the Company's customers are held by a clearing broker-dealer through which all transactions for its customers are cleared on a fully-disclosed basis. The Company facilitates the purchase and sale of securities, earns interest rebates on customer accounts and provides a trading platform for independent investors as well as registered representatives. #### Basis of Accounting The financial statements of the Company have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. #### Cash and Cash Equivalents The Company considers as cash all short-term investments with an original maturity of three months or less to be cash equivalents. ### Accounts Receivable - Recognition of Bad Debt The Corporation considers accounts receivable to be fully collectible; accordingly, no allowance for doubtful accounts is required. If amounts become uncollectible, they will be charged to operations when that determination is made. {8}------------------------------------------------ ### Revenue Recognition The Company buys and sells securities on behalf of its customers. Each time a customer enters into a buy or sell transaction, the Company charges a commission. Commissions and related clearing expenses are recorded on the trade date (the date that the Company fills the trade order by finding and contracting with a counterparty and confirms the trade with the customer). 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 is agreed upon and the risks and rewards of ownership of the securities have been transferred to/from the customer. Commissions from the sale of mutual funds and variable annuities and 12b-1's are recognized as revenue at the point in time the associated service is fulfilled which is based on the trade date. #### Distribution Fees The Company enters into arrangements with managed accounts or other pooled investment vehicles (funds) to distribute shares for investors. The Company may receive distribution fees paid by the fund upfront, over time, upon the investor's exit from the fund (that is a contingent deferred sales charge) or as a combination thereof. The Company believes that its performance obligation is the sale of securities to investors and as such this is fulfilled on the trade date. Any fixed amounts are recognized on the trade date and variable amounts are recognized to the extent that it is probable that a significant revenue reversal will not occur once the uncertainty is resolved. For variable amounts, as the uncertainty is dependent on the value of the shares at future points in time as well as the length of time the investor remains in the fund, both of which are highly susceptible to factors outside of the company's influence, the Company does not believe that it can overcome this constraint until the market value of the fund and the investor activities are known, which are usually monthly or quarterly. Distribution fees recognized in the current period are primarily related to performance obligations that have been satisfied in prior periods. #### Interest Rebate Income Interest Rebate Income is interest earned on cash held in customer accounts with the Clearing Firm as well as interest earned on margin accounts. The Company recognizes income monthly which is when the Company believes its performance obligation has been contractually satisfied in all material respects. #### Credit Losses The Company follows ASC Topic 326, Financial Instruments - Credit Losses ("ASC 326"). ASC 326 impacts the impairment model for certain financial assets by requiring a current expected credit loss ("CECL") methodology to estimate expected credit losses over the entire life of the financial asset. Under the accounting update, the Company has the ability to determine that there are no expected losses in certain circumstances (e.g., based on the credit quality of the customer). The Company had accounts receivable as of June 30, 2024 and 2025 of \$1,833 and \$811 respectively. {9}------------------------------------------------ ### Income Taxes The Company elected "S" corporation status for federal income tax purposes. Under "S" corporation regulations, net income or loss is reportable for tax purposes by the shareholders. Accordingly, no federal income taxes are included in the accompanying financial statements. It is the Company's policy to recognize any interest and penalties in the provision for taxes. #### 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. #### Exemptive Provisions Rule 15c3-3 The Company is exempt from Rule 15c3-3 because all customer transactions are cleared through another broker-dealer on a fully disclosed basis. The client is exempt under 15c3-3(k)(2)(ii). Name of clearing firm is Interactive Brokers, LLC. #### Fair Value of Financial Instruments Financial instruments that are subject to fair value disclosure requirements are carried in the financial statements at amount that approximate fair value and include cash and cash equivalents. Fair values are based on quoted market prices and assumptions concerning the amount and timing of estimated future cash flows and assumed discount rates reflecting varying degrees of perceived risk. #### SUBSEQUENT EVENTS In preparing these financial statements, the Management of the Company has evaluated events and transactions through the date the financial statements were available to be issued and there are no events or transactions requiring disclosure. #### NOTE B - NET CAPITAL REQUIREMENTS Pursuant to the net capital provisions of Rule 15c3-1 of the Securities and Exchange Act of 1934, the Company is required to maintain a minimum net capital, as defined under such provisions. At June 30, 2024 the Net Capital, as computed, was \$48,960. Consequently, the Company had excess net capital of \$43,960. At June 30, 2024 the percentage of aggregated indebtedness to Net Capital was approximately (18.90%). There were no material inadequacies in the amount reported as Net Capital in the audited Computation of Net Capital and the broker-dealer's corresponding Part IIA of the FOCUS report required under Rule 15c3-1. {10}------------------------------------------------ ### NOTE C- POSSESSION OR CONTROL REQUIREMENTS The Company does not have any possession or control of customer's funds or securities. There were no material inadequacies in the procedures followed in adhering to the exemptive provisions of SEC Rule 15c-3- 3(k)(2)(ii) by promptly transmitting all customer funds or securities to the clearing broker who carries the customer accounts. ### NOTED - OTHER COMMITMENTS AND CONTINGENCIES Included in the Company's clearing agreement with its clearing broker-dealer is an indemnification clause. This clause relates to instances where the Company's customers fail to settle security transactions. In the event this occurs, the Company will indemnify the clearing broker-dealer to the extent of the net loss on the unsettled trade. At June 30, 2025, management of the Company had not been notified by the clearing broker-dealer, nor were they otherwise aware of any potential losses relating to this indemnification. #### NOTE E - SIPC RECONCILIATION SEA Rule 17a-S(e)(4) requires a registered broker-dealer to file a supplemental report which includes procedures related to the broker-dealers SIPC annual general assessment reconciliation or exclusion-frommembership forms. In circumstances where the broker-dealer reports \$500,000 or less in gross revenues, they are not required to file the supplemental SIPC report. The Company is exempt from filing the supplemental report under SEA Rule 17a-S(e)(4) because it is reporting less than \$500,000 in gross revenue. #### NOTE F - LEASES The Company leases its office space on a month-to- month basis with a non-related party. The total rent expense for the twelve-month period ended June 30, 2024 was \$2,700. This agreement provides basic services including voice messaging, conference and visitor office use. The Company has elected not to apply the recognition requirements of Topic 842 relating to its month to month office lease and instead has elected to recognize the lease costs on a straight line basis over the lease term. ### NOTE G - RELATED PARTY TRANSACTIONS Certain expenses of the Company (such as equipment, insurance, office supplies, regulatory fees, storage, telephone, travel and utilities) are paid for by and reimbursed to the shareholder. The total for these expenses were \$10,291 for the year ended June 30, 2025. At June 30, 2025, there are no amounts due to the shareholder by the Company. #### NOTE H - SEGMENT REPORTING The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services, including principal transactions, agency transactions, investment company transactions, investment planning, and investment advice. The Company has identified its President as the chief operating decision maker ( 11CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. {11}------------------------------------------------ ### NOTE H - SEGMENT REPORTING (Continued) Additionally, the CODM uses excess net capital (see Note B), 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 dividends. 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. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.