# WALTER GREENBLATT & ASSOCIATES, LLC X-17A-5 (2022-03-01) — Broker-dealer annual report - Company: WALTER GREENBLATT & ASSOCIATES, LLC - Form: X-17A-5 - Filed: 2022-03-01 - Period: 2021-12-31 - Accession: 0001267806-22-000002 - CIK: 1267806 - File #: 8-66211 - Type: Broker-dealer - Material weakness: No - Auditor: Nawrocki Smith - Auditor location: Melville, NY - Contact: Ezra Angrist - Phone: 6094971282 - Email: ezra@wgreenblatt.com - Website: wgreenblatt.com - Signed by: Ezra Angrist (FINOP/CCO) Original filing: https://www.sec.gov/Archives/edgar/data/1267806/000126780622000002/WGA2021FS.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.20549 # ANNUAL REPORTS FORM X-17A-5 PART III | OMB Number: 3235-0123 | |--------------------------| | Expires: Oct.37,2023 | | Estimated average burden | | hours per response: I 2 | | | # SEC FILE NUMBER 8-66211 FACING PAGE fnformation Required Pursuant to Rules L7a-5,L7a-12, and 18a-7 under the Securities Exchange Act of 1934 FILING FoR rHE pERroD BEGTNNTNG 01 /0 112021 AND ENDTNG 1213112021 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME oF F,RM: Walter Greenblatt & Associates LLC TYPE OF REGISTRANT (check all applicable boxes): E Broker-dealer ! Security-based swap dealer ! Check here if respondent is also an OTC derivatives dealer n Major security-based swap participant ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) # 325 St. Marks Avenue | | | (No. and Street) | | | | |------------------------------------------------------------------------------------------------------------------------|---------------|------------------------------------------------------------|-----------------|----------------------|--| | Brooklyn | | NY | | 11238 | | | (city) | | (state) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Ezra Angrist | 609-497 -1282 | | | ezra@wgreenblatt.com | | | (Name) | | (Area Code - Telephone Number) | (Email Address) | | | | | | B. ACCOU NTANT I DENTI FICATION | | | | | Nawrocki Smith LLP | | (Name - if individual, state last, first, and middle name) | | | | | 290 Broadhollow Road Suite 115E Melville | | | NY | 11747 | | | (Address) | | (City) | (State) | (Zip Code) | | | 31412009 | | | 3370 | | | | (Date of
ation with PCAOB | | | | | | | | | FOR OFFICIAL USE ONLY | | | | | * Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public | | | | | | accountantmustbesupportedbyastatementoffactsandcircumstancesreliedonasthebasisoftheexemption. See17 CFR 240.17a-5(e)(1)(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 OMB control number. {1}------------------------------------------------ ### OATH OR AFFIRMATION | l, Ezra Angrist | | swear (or affirm) that,
to the best of my knowledge and belief, the | | |-----------------------------------------------------------------------------|----|-----------------------------------------------------------------------------------|--| | financial report pertaining to the firm 6f walterGreenblattandAssociatesLLC | | as of | | | I a ta.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 solelv as that of a custoBfiFnny n. cRTNDEL Notary c, State of New york Oualifi Schenectady County Re . 01 GR633B73g My Commission Expireso3 -&[-3n]r{ Vice F residenUFlNOP 3-l'&a> Signal Title: ### This filing+\* contains (check all applicable boxes): - = (a) Statement of financial condition. - D (b) Notes to consolidated statement of financial condition. - = (c) Statement of inco me (loss) or, if there is other com prehensive income in t he period(s) presented, a statement of comprehensive income (as defined in 5 210.1-02 of Regulation S-X). - = (d) Statement of cash flows. - = (e) statement of changes in stockholders'or partners'or sole proprietor's equity. - r (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.j.8a-j., as applicable. - n (i) Computation of tangible net worth under 17 CFR 240.18a-2. - = (j) Com putation for determination of customer reserve req u irements pu rsua rrt to Exh ibit A to 17 cFR 240.15c3-3. - n (k) Computation for determination of secu rity-based swap reserve req u ireme nts pu rsua nt to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.1,8a-4, as applicable. - tr (l) Computation for Determination of PAB Requirements under Exhibit A to 5 240.15c3-3. - = (m) Informationrelatingtopossessionorcontrol requirementsforcustomer:;under17cFR240.15c3-3. - I (n) Information relating to possession or control requirements for security-bersed swap customers under 17 CFR 240.15c3-3(p)(21 or 17 CFR 240.18a-4, as applicable. - E (o) Reconciliations, includ ing appropriate explanations, of the FOCUS Report lvith com putation of net ca pital or ta ngible net worth under 77 CFR 240'15c3-I, 17 CFR 240.18a-1', or !7 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240'15c3-3 or t7 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exlst. - ! (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-I2, or 17 CFR 240.1.8a-7,as applicable. I(r) Compliance report in accordance with 17 CFR24O.t7a-5 or 17 CFR 240.\8a-7, as applicable. - - = (s) Exemption report in accordance with 17 CFR240.17a-5 or 17 CFR 24O.I8a-7, as applicable. - I (t) Independent pu blic accountant's report based on an examination of the stittement of fina ncial condition. - = (u) Independent public accountant's report based on an examination of the fir.rancial report or financial statements under L7 - CFR 240.17a-5, 17 CFR 24O.'t8a-7, or 17 CFR 24O.I7a-'t2, as applicable. X(v) Independent public accountant's report based on an examination of certain statements in the compliance report under l-7 CFR 240.17a-5 or 17 CFR 240.78a-7, as applicable. - = (w) lndependent pu blic accou nta nt's report based on a review of the exemptton report u nder 17 CFR 240.17 a-5 or t7 CFR 240.18a-7, as applicable. - I (x) su p plementa I reports o n a pplying agreed-u pon proced u res, in accorda nce with 17 cF R 240.15c3 -ke or 17 CFR 240.I7 a-I2. as applicable. - tr (y) Report describing any material inadequacies found to exist or found to hav,e existed since the date of the previous audit. or astatement that no material inadequacies exist, under L7 cFR24o.r7a-12(k). - I (z)Other: - \*\*To request confidentiol treotment of ceftain portions of this t'iling, see 17 c,FR240.17o-5(e)(3) or 17 CFR240.1go-7(d)(2), os opplicoble. {2}------------------------------------------------ WALTER GREENBLATT & ASSOCIATES, LLC FI NANC IAL STATEM EN]-S YEAR ENDED DECEMBER 3'1. 2021 {3}------------------------------------------------ ## WALTER GREENBLATT & ASSOCIATES, LLC FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31 . 2021 ## TABLE OF CONTENTS | | paqe | |-----------------------------------------------------------------------------------------------------|-------| | Repoft of Independent Registered Public Accounting Firm | 2 | | Statement of financial condition
3 | | | Statement of income | 4 | | Statement of changes in member's equity | s | | Statement of cash flows | 6 | | Notes to flnancial statements
7_11 | | | Supplemental schedules | 12_16 | | Report of Independent Registered Public Accounting Firm on applying
agreed-upon procedures
j7 | | | SIPC General Assessment Reconciliation
1g | | | Report of Independent Registered Public Accounting Firm on the exemption report19 | | | Exemption statement regarding SEC Rule 15c3-3
20 | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) To the Member of Walter Greenblatt & Associates, LLC: ### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Walter Greenbtatt & Associates, LLC (the "company") as of December 31 ,2021, the related statements of income, changes in member's equity, and cash flows for the year ended December sl, zozi, and the related notes (collectively referred to as the financial'statemenlts). In our opinion, the financial statements present fairly, in a material respects, the financial position of watter'Greenblatt & Associates, LLC as of Decemb r 31 , 2021, and the results of its ,cperations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. ### Basis for Opinion These financial statements are the responsibility of Walter Gireenblatt & Associates, LLC,s xpress an opinion on Walter Greenblatt & Associates, r audit. We are a public accounting firm registered with ht Board (United States) ("PCAOB') and are required to reenblatt & Associates, L-LC in accordance witn ine U.S. Commission and the 'CAOB. e rules and regulations ,of the Securities and Exchange We conducted our audit in accordance with the standards of the PCAOB. Those standards pquire that we plan and perform the audit to obtain reasonablt.' 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 whether r or fraud, and procedures dures in mining, on a evidence r in the atements. Ou o inclucleo principles. used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provldes a reasonable basis for our optnton. ### Auditors Report on Supplemental lnformation The supplemental information contained in Schedules l, ll and lll have been subjected to audit procedures performed in conjunction with the audit of Walter Greenblatt & Assbciates, LLC's financial statements. The supplemental information is the responsibility of Walter Greenotatt a Associates, LLC's management. Our audit procedures inclurled d-etermining whether the supplemental information reconciles to the flnancial statements or the underlying iccounting ano other records, as applicable, and performing procedures to test tlre completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental i e ether the supplementerl information, including its form and content, in with 17 C.F.R. g240.i7a\_5. In our opiiion, tne supplemental fa in all material respects, in relation to the financial statements as a whole. we have served as walter Greenblatt & Associates, LLC,s auditor since 2020. Hauppauge, New York February 28,2022 ,l/o,o\*o&\* S/rtd. /Jp {5}------------------------------------------------ ### WALTER GREENBLATT & ASSOCIATES, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31 .2021 ### ASSETS | Current assets:
Cash
Prepaid expenses | \$ 216,362
9.101 | |------------------------------------------------|---------------------| | Total Current Assets | 225,463 | | Fixed Assets (net of accumulated depreciation) | 1,499 | | Investment in llluminare Biotechnologies | 555 | | Totalassets | \$ 227.517 | ### LIABILITIES AND MEMBER'S E:QUITY | Current liabilities:
Accrued expenses and payroll liabilities | | |------------------------------------------------------------------|--| | Total Liabilities | | | Member's equity | | | Total liabilities and member's equity | | The accompanying notes are an integral part of this statement. {6}------------------------------------------------ ### WALTER GREENBLATT & ASSOCIATES, LLC STATEMENT OF INCOME YEAR ENDED DECEMBER 31. 2021 | Revenue | | |------------------------------------|--------------| | Commissions | \$907,252 | | Consulting Services | 64,000 | | Other Income | 38.434 | | Total Revenue | \$1,009,687 | | Operating expenses: | | | Outside services | 303,579 | | Officers salary | 369,500 | | Employee salaries | 145,425 | | Pension expense | 40,600 | | Professional fees | 46,917 | | Travel expenses | 5,751 | | Payrolltaxes | 26,013 | | Office supplies and other expenses | 34,473 | | Telephone expense | 6,649 | | Dues and subscriptions | 35,667 | | Depreciation | 743 | | Meals and Entertainment | 309 | | Total operating expenses | \$1 .015.626 | | Net Loss | (\$5.939) | are an integral part of this statement. The accompanying notes -4- {7}------------------------------------------------ ### WALTER GREENBLATT & ASSOCIATES, LLC STATEMENT OF CHANGES IN MEMBER'S EQUITY YEAR ENDED DECEMBER 31. 2021 | Members Equity | 12/31/2020 | s196,186 | |---------------------------|------------|------------| | Net Loss | 2021 | (s5,939) | | Plus Member Contributions | | S15o,ooo | | Less Member Distributions | | (s200.0001 | | Members Equity | 12/3L/202L | 5L4O,247 | The accompanying notes are an integral part of this statement. -5- {8}------------------------------------------------ ### WALTER GREENBLATT & ASSOCIATES, LLC STATEMENT OF CASH F]-OWS YEAR ENDED DECEMBER 31, 2021 | Cash flows from operating activities:
Net Income
Extinguishment of Debt | (\$5,939)
(\$37,531) | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------| | Adjustments to reconcile net income to
net cash used by operating activities:
Depreciation
Changes in operating assets and liabilities:
Accounts receivable
Prepaid expenses
Accounts expenses and payroll liabilities
Net cash provided by operating activities | 743
54,664
(8,807)
53,852
56,982 | | Cash flows from investing activities
Net cash used by investing activities | | | Cash flows from financing activities
Partner Contributions
Partner Distributions
Net cash provided from financing activities | 150,000
(200.000)
(50,000) | | Net change in cash
Cash at beginning of year
Cash at end of year | 6,982
209.380
\$21€*362 | The accompanying notes are an integral part of this statement. {9}------------------------------------------------ # WALTER GREENBLATT & ASSOCIATES, LLC NOTES TO FINANCIAL STATIEMENTS ### Nature of Company and Summary of Significant Accounting policies ### Business Description Walter Greenblatt & Associates, LLC offers business c;onsulting and investment banking services to public and private, middle market and early stage companies in the biotech and healthcare related sectors. Consulting services include business plan development, strategic planning and market research and valuation. ### Use of Estimates The preparation of the financial statements, in conformity with generally accepted accounting principles, requires management to make estimates and arssumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. ### Income Taxes The Company, with the consent of its shareholder, elected to be taxed under Subchapter S, of the Internal Revenue Code for federal income tax purposes. Under the provisions of Subchapter S, the Corporation does not pay federal corporate income taxes on its taxable income. Corporate income or loss of any tax credits earned are included in the shareholders' individual income tax returns. ### Revenue Recoqnition The Company recognizes revenue when services are performed. ### Fixed Assets Additions to fixed assets are recorded at cost. The cost of rnajor additions and betterments are capitalized, while the cost or replacements, maintenance iand repairs, that do not improve or extend the useful lives of the related assets are expensed as incurred. Depreciation is provided principally on the straight-line method over estimated useful lives. We evaluate fixed assets for impairment when events or changes in circumstances indicate that the carrying value of such assets may not be recoverable or the assets are being held for sale. Upon the occurrence of a triggering event, we review the asset to assess whether the estimated undiscounted cash flows expected for the use of the asset plus residual value from the ultimate disposal exceeds the carrying value of the asset. lf the cerrrying value exceeds the estimated recoverable amounts, we write down the asset to the estimarted fair value. {10}------------------------------------------------ ### WALTER GREENBLATT & ASSOCIATES, LLC NOTES TO FINANCIAL STATEMENTS ### Method of Accountinq The financial statements have been prepared on the accrual basis of accounting. ### Subsequent Events ASC 855 Subsequent Events sets forth general accounting and disclosure requirements for events that occur subsequent to the balance sheet date but before the company's financial statements are issued We have evaluated events througlr February 28, 2022, the date which the financial statements were available to be issued. ### 2. Net Capital As a broker dealer, the Company is subject to the Securities and Exchange Commission's regulations and operating guidelines, which require the Company to maintain a specified amount of net capital, as defined, and a ratio of aggregate indebtedness to net capital as derived, not exceeding 15 to 1. The Company's net capital is computed under Rule 15c3-1, was \$129,092 at December 31 , 2021, which exceeded required net capital of \$5,818 by \$123,274. The ratio of aggregate indebtedness to net capital at December 31 , 2021 was 67.60/o. ### Retirement plan J The Company implemented a 401k profit sharing plan in 2009. The plan allows elective employee contributions via salary deferral. The Company also makes an annual profit-sharing contribution to the plan. Pension expense for the year ended December 31,2021 is \$40,600. # 4. Concentration of Credit Risk ### Cash At times during the year, the Company had cash balances in financial institutions that exceed Federal depository insurance limits. Management belierres that credit risk related to these deposits is minimal. ### Accounts Receivable Accounts receivable from trade customers are generally' due upon receipt. The Company performs periodic credit evaluations of its customers' finiancial condition and generally does not require collateral. 100% of the company's total sales lvere made to four customers. {11}------------------------------------------------ ### WALTER GREENBLATT & ASSOCIATES, LLC NOTES TO FINANCIAL STATEMENTS # 5. Revenue from Contracts with Customers ### Siqnificant Judqments investment Revenue from contracts with customers includes cornmission income and fees from banking and asset management services. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant luogmeni is required to determine whether performance obligations are satisrieJ aia point in time or over time; (if applicable, add these - how to allocate tiansaction prices where multiple performance obligations are identified; when to recognize revenue bas;ed on the appropriate measure of the Company's progress under the contract; and whether constraints on variable consideration should be applied due to uncertain future evernts) The following table presents revenue by major source: | Revenue from contracts with customers:
Commissions on Capital Raised
Management Consulting Services | | |-----------------------------------------------------------------------------------------------------------|--| | Total revenue from contracts | | contract assets or liabilities exist when revenue is recognized over time not have any contract assets or liabilities at December 31, 2021. The Company does -9- {12}------------------------------------------------ ### WALTER GREENBLATT & ASSOCIATES, LLC NOTES TO FINANCIAL STATEMENTS ### Performa nce obliqation Commissions on capital raised: The Company raises inverstment capital from investors for its clients. Each time an investor invests in one of the Company's clients, the Company charges a commission. Commissions are billed on the date that the client receives the investment funding and relevant documents. The Company believes; that the performance obligation is satisfied on that date because that is when the investmernt is logged by the client company and the investor becomes an owner of the security sold. Management Consulting Services: The Company providels management consulting services on a monthly basis to certain clients. The services primarily consist of taking the role of acting CFO and related services including, but not limited to, boa significant client event the warrants are issued to tne Company whereupon they are immediately assigned to its principal. These warrants at December 3i, 2021 do not havL any value assigned to them. No such events happened in2O2l. ### Paycheck Protection Program Loan 9 The company received a loan from customers Bank in the amount of g37,531 under the Paycheck Protection Program established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The loan is subject to a note dateci May 1 ,2Ot2O and may be forgiven to the extent proceeds of the loan are used for eligible expendiiures such as payroll and 6ther expenses described in the CARES Act. The loan bears inbrest at a rate of I 6/o ind is payable in monthly installments of principal and interest over24 months beginning 6 months from the date of the note. The loan may be repaid at any time with no pruplyr"-nt p"nrlty. The loan was forgiven in its entirety in November 2021 and recorcled as revenue for the year ended December 31,2021. {14}------------------------------------------------ WALTER GREENBLATT & ASSOCIATES, LLC SUPPLEMENTAL SCHEDIJ LES FOR THE YEAR ENDED DECEMEIER31,2021 {15}------------------------------------------------ # SCHEDULE I ### WALTER GREENBLATT & ASSOC)IATES, LLC ### COMPUTATION OF AGGREGATE INDEBTEDNIESS AND NET CAPITAL PURSUANT TO RULE 15c3-1 ### DECEMBER3l,2021 | Total ownership equity from statement of financial condition | | |-------------------------------------------------------------------------------------------------|-------------| | Total nonallowable assets from statement of financial condition | | | Net capital before haircuts on securities positions | | | Haircuts on securities | | | Net capital | \$__129*092 | | | | | Agg regate i ndebted ness:
Total A.l. liabilities from statement of financial condition | | | Total aggregate indebtedness | | | Percentage of aggregate indebtedness to net capital | | | | | | Computation of basic net capital requirement:
Minimum net capital required (6.670/0 of A.l.) | \$__l\$l€ | | Minimum dollar net capital requirement of reporting broker or dealer \$___5*000 | | | Net capital requirement | \$
5.81g | | Excess net capital | \$ 123,274 | | Excess net capital at 1000% | \$120.365 | See Report of Independent Registered Public Accounting Firm \_13\_ {16}------------------------------------------------ ## ScHEDULE I(CONTTNUED) ### WALTER GREENBLATT & ASSOCIATES, LLC ### RECONCILIATION OF NET CAPITAL PURSL'ANT TO RULE 15C3-1 (x-17A-5) ### AT DECEMBER 31 .2021 | | Focus Report-
Part IIA, as amelnded
Period ended
December | | Annual
Financial Statements
at
Adiustments December 31. 2021 | |-------------------------------------------------------------------------------|--------------------------------------------------------------------|-----|-----------------------------------------------------------------------| | COMPUTATION OF NET CAPITAL | | | | | Total ownership equity from
statement of financial condition | \$ 140.247 | \$ | \$140.247 | | Ded uctions and/or charges;
Total nonallowable assets
from statement of | | | | | financial condition | 11,155 | | 11,155 | | Total deductions | | | 1 1 .155 | | Net capital | \$ 129.092 | \$q | \$i29-a92 | {17}------------------------------------------------ # SCHEDULE II ### WALTER GREENBLATT & ASSOCIATES, LLC ### COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS AND INFORMATION RELATED TO POSSESSION AND CONTROL REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION ### DECEMBER 31,2021 The Company is not claiming an exemption from SEA Rule 15c3-3, in reliance on footnote 74 to SEC Release 34-70073 and as discussed in Q&A 8 of the related FAQ issued by SEC staff. In order to avail itself of this option, the Company has represented that it does not, and will not, hold customer funds or securities. {18}------------------------------------------------ # SCHEDULE III # WALTER GREENBLATT & ASSOCIATES' LLC ### INFORMAT|oNRELAT|NGToPoSSESSIoNoRCONTRoL REQUIREMENTS UNDER RULIE 15c3-3 ## DECEMBER31,2021 stomers' fully paid securities: (1) not in the which instructions to reduce to possesslon or c excluding items arising from "temporary lags which result from normal business operations" as permitted under rule 15c3-3. {19}------------------------------------------------ ![](_page_19_Picture_0.jpeg) ### EGISTER NTING APPLYING AGREED.UPON PROCEDURES To the Member of Walter Greenblatt & Associates, LLC: We have performed the procedures included in Rule 17a-5(e)(4) underthe Securities Exchange Act of 1934 and in the Securities Investor Protection Corporation (SIPC) Series 600 Rules, which are enumerated below on the accompanying General Assessment Reconciliation (Form SIPC-i') for the year ended December 31, 2021 Management of Walter Greenblatt & Associates, LLC (Company) is responsible for its Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7 Management of the Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting you and SIPC in evaluating the Company's compiiance with the applicable instructions on Form SIPC-7 for the year ended December 31 ,2021 . Additionally, SIPC has agreed to and acknowledged that the procedures; performed are appropriate for their intended purpose. This report may not be suitable for any other purpo,se. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose The procedures we performed and our findings are as follows: - 1) Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement records entries, noting no differences; - 2) Compared the Total Revenue amounts reported on the Annual Audited Report Form X-17A-5 Part lll for the year ended December 3'1 , 2021 with the Total Revenue amount reported in Form SIPC-7 forthe year ended December 31 ,2021, noting no differences; - 3) Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences; - 4) Recalculated the arithmetical accuracy of the calculations reflecte