# TRADEMAS INC. X-17A-5 (2026-06-03) — Broker-dealer annual report - Company: TRADEMAS INC. - Form: X-17A-5 - Filed: 2026-06-03 - Period: 2026-03-31 - Accession: 0001273761-26-000002 - CIK: 1273761 - File #: 8-66292 - Type: Broker-dealer - Material weakness: No - Auditor: Nawrocki Smith LLP - Auditor location: Hauppauge, NY - Contact: Elizabeth Attanasio - Phone: 212-668-8700 - Email: eattanasio@acisecure.com - Website: acisecure.com - Signed by: Frank Masiello (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1273761/000127376126000002/trademaspublicaudit.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 # ANNUAL REPORTS FORM X-17A-5 PART III | SEC FILE NUMBER | |-----------------| | | | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | FACING PAGE | | | | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|--------------------------|---------|--------------------------------------------|--| | FILING FOR THE PERIOD BEGINNING 04/01/2025 AND ENDING 03/31/2026 | | | | | | | | MM/DD/YY | | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | | NAME OF FIRM: TradeMas Inc. | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer Security-based swap dealer Major security-based swap participant
Check here if respondent is also an OTC derivatives dealer | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | NYSE Trading Floor, 11 Wall Street | | | | | | | | (No. and Street) | | | | | | New York | NY | | | 100005 | | | (City) | (State) | | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Elizabeth Attanasio | 212-668-8700 | eattanasio@acisecure.com | | | | | (Name) | (Email Address)
(Area Code - Telephone Number) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Nawrocki Smith LLP | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | 100 Motor Parkway, Suite 580 Hauppauge | | | NY | 11788 | | | (Address)
March 4, 2009 | (City) | 3370 | (State) | (Zip Code) | | | (Date of Registration with PCAOB)(if applicable) | FOR OFFICIAL USE ONLY | | | (PCAOB Registration Number, if applicable) | | | | | | | | | \* Claims for exemption from the requirement that the annual 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-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 | Frank Masiello | swear (or affirm) that, to the best of my knowledge and belief, the | | |-----------------------------------------------------|---------------------------------------------------------------------|-------| | financial report pertaining to the firm of
00101 | | as of | | 03/3 | | 2026 , 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 account classified solely | | | | | as that of a customer. | | | | | Signature: | PAULON | |------------|--------| | | | Title: CFO # This filing \*\* contains (check all applicable boxes): - = (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. - [ (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. - [] 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. - [1) 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. - | |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 240.15c3-3 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. - | | | Oath or affirmation in accordance with 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. - [ (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. - [ (u) Independent public accountant's report based on an examination of the 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. - □ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | |x| Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, as applicable. - | (y) Report describing any material inadequacies 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). - O (z) Other: - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18c-7(d)(2), as applicable. {2}------------------------------------------------ # TRADEMAS, INC. # FINANCIAL STATEMENT WITH REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDED MARCH 31, 2026 This report is deemed PUBLIC in accordance with Rule 17a-5(e)(3) under the Securities Exchange Act of 1934. {3}------------------------------------------------ # TRADEMAS, INC. # TABLE OF CONTENTS Page | Report of Independent Registered Public Accounting Firm | | | |---------------------------------------------------------|-----|--| | Financial Statements: | | | | Statement of Financial Condition | ম | | | Notes to Financial Statements | 4-7 | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Stockholder of TradeMas, Inc .: # Opinion on the Financial Statement We have audited the accompanying statement of financial condition of TradeMas, Inc. (the "Company") as of March 31, 2026, 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 TradeMas, Inc. as of March 31, 2026 in conformity with accounting principles generally accepted in the United States of America. # Basis for Opinion This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on Company'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 the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the U.S. Securities and Exchange Commission (SEC) 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 statement. 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 statement. We believe that our audit provides a reasonable basis for our opinion. We have served as TradeMas, Inc.'s auditor since 2023. Hauppauge, New York May 29, 2026 Nawrocki Smith LLP {5}------------------------------------------------ # TRADEMAS, INC. STATEMENT OF FINANCIAL CONDITION AS OF MARCH 31, 2026 | ASSETS: | | | |--------------------------------------------|-------|------------| | Cash and cash equivalents | સ્ત્ર | 1,806,053 | | Deposit with clearing broker | | 100,000 | | Commissions and rebates receivable | | 9,855,758 | | Due from clearing firm | | 23,232 | | Security deposit | | 20,167 | | Prepaid expenses | | 154.643 | | Total assets | S | 11,959,853 | | LIABILITIES AND STOCKHOLDERS' EQUITY | | | | LIABILITIES: | | | | Accounts payable and accrued expenses | સ્ત્ર | 7,906,468 | | Total liabilities | | 7,906,468 | | STOCKHOLDERS' EQUITY | | | | Common stock, no par value, 200 shares | | | | authorized, 10 shares issued | | 25,000 | | Retained earnings | | 4,028,385 | | Total stockholder's equity | | 4,053,385 | | Total liabilities and stockholder's equity | S | 11,959,853 | The accompanying notes are an integral part of these financial statements {6}------------------------------------------------ ## TRADEMAS, INC. NOTES TO FINANCIAL STATEMENTS March 31, 2026 #### Note I - Organization and Nature of Business TradeMas Inc. (The "Company") operates under the provisions of Paragraph (k)(2)(ii) of Rule 15c3-3 of the Securities and Exchange Commission and, accordingly, is exempt from the remaining provisions of that rule. Essentially, the requirements of Paragraph (k)(2)(ii) provide that the Company clears all transactions on a fully disclosed basis with a clearing broker/dealer, and promptly transmits all customer funds and securities to the clearing broker/dealer. The clearing broker/dealer carries all of the accounts of the customers and preserves all related books and records as are customarily kept by a clearing broker/dealer. The Company is a New York corporation formed on March 21, 2018, to conduct business on the New York Stock Exchange ("NYSE"). It is registered as a broker-dealer with the U.S. Securities and Exchange Commission ("SEC") and is a member of the Securities Investors Protection ("SIPC"). The Company earns commissions as an introducing broker of securities transactions. #### Note 2 - Summary of Significant Accounting Policies #### Basis of Presentation The accompanying financial statements have been prepared on the accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP"). #### Use of Estimates The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of income and expenses during the reportingly, actual results could differ from those estimates. #### Accounts Receivable The Company carries its accounts receivable at cost less an allowance for credit basis, the Company evaluates its accounts receivable and establishes an allowance for doubtful accounts based on a history of past write-offs and collections and current conditions. No allowance for credit losses was required at March 31, 2026. #### Income Taxes The Company has elected to be taxed as an S corporation under the Internal Revenue Code and corresponding New York State tax regulations. Accordingly, substantially all taxable income or loss of the Company is included in the taxable income of the shareholders. Therefore, no provision for federal or state income taxes has been recorded in the accompanying financial statements, except for certain entity-level taxes imposed by state and local jurisdictions. The Company is subject to New York State and New York City franchise taxes, which are recorded as income tax expense in the accompanying financial statements. In accordance with ASC 740, Income Taxes, management evaluated the Company's tax positions and concluded that the Company had no uncertain tax positions recognition or disclosure in the accompanying financial statements as of March 31, 2026. The Company files income tax returns in the United States and City of New York. Tax years 2022 through 2025 remain subject to examination by the applicable taxing authorities. There are currently no ongoing income tax examinations. #### Concentration of Credit Risk Financial instruments that potentially subject the Company to credit risk on the recounts receivable. The Company maintains cash balances with commercial banks and other major institutions. At times, such amounts may exceed Federal Deposit Insurance Corporation limits. The responsibility for processing customer activity rests with the Company's clearing firm, RBC Capital Markets, LLC. The Company's clearing and execution agreement provides that the clearing firm's credit losses relating to unsecured margin accounts receivable of the Company's customers are charged back to the Company In the event of customer non-performance. {7}------------------------------------------------ ## TRADEMAS, INC. NOTES TO FINANCIAL STATEMENTS March 31, 2026 ## Note 2 - Summary of Significant Accounting Policies (Continued) ### Concentration of Credit Risk (Continued) In accordance with industry practice, the clearing firm records customer transactions on a settlement date basis, which is generally three business days after the trade date. The clearing firm is therefore exposed to the risk of loss on the event of the customer's inability to meet the terms of its contracts, in which case the clearing firm may have to purchase or sell the underlying financial instruments at prices in order to satisfy its customer-related obligations. Any loss incurred by the clearing firm is charged back to the Company. The Company, in conjunction with the clearing firm, controls off-balance sheet risk by monitoring the marking securities to market daily and by requiring adjustments of collateral levels. The clearing firm established margin requirements and overall credit limits for such activities and monitors compliance with the applicable limits and industry regulations daily. ### Note 3 - 401(k) Savings Plan The Company offers a 401(k) savings plan for eligible employer sets the contribution amounts, if any, and deducts them from current profits. Contributions for any year cannot exceed the limit allowed by Section 404 of the Internal Revenue Code, as updated. No employer contributions were made during the fiscal year ending March 31, 2026. However, contributions made in previous years remain invested in the plan for eligible employees. ### Note 4 - Cash and Cash Equivalents Cash and cash equivalents are short-term, highly liquid money-market mutual funds with original maturrities of less than 90 days. As of March 31, 2026, cash was held in interest-bearing accounts at various financial institutions. The Securities Inyestor Protection Corporation (SIPC) insures brokerage accounts with RBC Capital Markets LLC up to \$500,000 (including up to \$250,000 for cash). The company's cash structure has FDIC pass-through coverage. Funds are deposited into multiple designated accounts at insured depository institutions, thereby securing expanded coverage limits. ## Note 5 - Due From Broker and Deposit with Clearing Broker The Company's main counterparty exposure was concentrated with a single clearing broker includes cash balances at the clearing broker and the net receivable or payable for unsettled securities transactions as of that date, totaling \$23,232 at RBC Capital Markets, LLC. As of March 31, 2026, the company held no cash at Foresight. #### Note 6 - Financial Instruments and Risk In the normal course of business, the Company trades various financial instruments and enters into various financial transactions where the risk of potential loss due to market risk, and other risks can equal or exceed the related amounts recorded. The success of any investment activity is influenced by general economic conditions that may affect the level and volatility of equity prices, interest rates, and the extent and timing of investor participation in the markets ratesensitive instruments. Unexpected volatility or the markets in which the Company directly or indirectly holds positions could impact its ability to conduct its business and could cause losses to be incurred. The Company does not anticipate nonperformance by customers or financial institutions; however, the Company's policy is to momitor its market exposure and counterparty risk. Short selling, or the sale of securities not owned by the Company, and options written, both expose the cisk of loss in an amount greater than the initial investment, and such losses can increase rapidly, and in the case of equities, without an effective limit. There is the risk that the securities borrowed by the Company in connection with a short sale would need to be returned to the securities lender on short notice. If such request for return of securities occurs at a time when of the subject security are receiving similar requests, a "Short Squeeze" can occur, wherein the Company might be compelled, at the most disadvantageous time, to replace borrowed securities previously sold short with purchases on the open market, possibly with prices significantly in excess of the proceeds received earlier. {8}------------------------------------------------ # TRADEMAS, INC. NOTES TO FINANCIAL STATEMENTS ## March 31, 2026 ### Note 6 - Financial Instruments and Risk (Continued) The clearing and depository operations for the Company's investment transactions are provided by one broker. At March 31, 2026, all of the investments owned and sold short reflected in the statement of financial condition were held by this broker. Investments owned and investments sold short are subject to margin requirements. ### Note 7 - Net Capital Requirement The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (15c3-1), which requires the maintenance of minimum net capital and provides that the ratio of aggregate indebtedness to net capital, shall not exceed 15 to 1. Rule 15c3-1 also provides that equity capital may not be withdrawn or cash distributions paid if the resulting net capital ratio would exceed 10 to 1. As of March 31, 2026, the Company had net capital of \$2,115,287, which was \$2,188,189 in excess of its required minimum net capital of \$527,098. The Company's ratio of aggregate indebtedness to net capital was 291% as of March 31, 2026. ### Note 8 - Financial Statements with Off-Balance Sheet Credit Risk As a securities broker, the Company is engaged in buying and selling securities for a diverse group of institutional and individual investors. The Company introduces these transactions for clearance to another broker-dealer on a fully disclosed basis. The Company's exposure to credit risk associated with non-performance of customers in fulfilling their contractual obligations pursuant to securities transactions can be directly impacted by volatile trading may impair customers' ability to their obligations to the Company and the Company's ability to Iquidate the collateral at an amount equal to the original contracted amount. The agreement between the Company and its clearing broker provides that the Company is obligated to assume any exposure related to such non-performance by its customers. The Company seeks to control the aforementioned risks by requiring customers to maintain margin collateral in compliance with various regulatory requirements and the clearing broker's internal guidelines. The Company monitors its customer activity by reviewing information it receives from its clearing broker on a daily basis and requires to deposit additional collateral or reduce positions when necessary. #### Note 9 - Commitments ## Office Space The Company entered into a twelve-month occupancy agreement, effective January 1, 2026, and expiring December 31, 2026. The Company elected the short-term lease exemption under ASC 842. #### Note 10 - Commissions and Rebates Receivable The Company has outstanding receivables consisting of commissions and rebates earned for performing execution services for customer brokers. The Company considers the amounts due from its customers to be fully receivable; accordingly, no allowance for doubtful accounts has been established. As of March 31, 2026, the Company held \$9,855,758 in commissions and rebate receivables #### Note 11 - Legal and other contingencies From time to time, the Company is named in legal actions and proceedings. These actions may seek substantial or indeterminate compensatory as well as punitive damages or injunctive relief. The Company is also subject to governmental or regulatory examinations or investigations or investigations could result in adverse judgments, settlements, fines, injunctions, restitutions or other relief. The Company cannot predict the ultimate outcome of such matters. The financial statements include the necessary provisions for losses, if any, that the Company believes are probable and estimable, Furthermore, the Company evaluates whether there exists losses which may be reasonably possible and, if material, makes the necessary disclosures. Such amounts, both those that are probable and those that are reasonably possible, are not considered material to the Company's financial condition, operations, or cash flows. {9}------------------------------------------------ ### TRADEMAS, INC. NOTES TO FINANCIAL STATEMENTS March 31, 2026 ### Note 12 - Segment Reporting The Company follows ASC 280, Segment Reporting (including adoption of ASU 2023-07), which requires companies to disclose segment data based on how management makes decisions about allocating resources to segments and evaluating performance. The Company conducts its business activities and reports financial results as a single reportable segment, brokerage services segment. Using the management approach and quantitative criteria established by ASC 280, the Company is considered a single reportable segment. The Chief Operating Decision Maker ("CODM"), the CEO, makes decisions about allocating resources and assessing performance in a manner consistent with the way the Company operates its business and presents its financial results. The nature of business and accounting policies of the brokerage services segment are the same as described in the organization and description of business and summary of significant accounting policies. ### Note 13 - Subsequent Events Management has evaluated, for potential financial statement recognition and/or disclosure, events subsequent to the date of the statement of financial condition through May 29, 2026, which is the date that the financial statements were available to be issued. There have been no material subsequent events that occurred that would require disclosure in this report or would be required to be recognized in the financial statements as of March 31, 2026. 7 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.