# COURTLANDT SECURITIES CORPORATION X-17A-5 (2026-02-20) — Broker-dealer annual report
- Company: COURTLANDT SECURITIES CORPORATION
- Form: X-17A-5
- Filed: 2026-02-20
- Period: 2025-12-31
- Accession: 0001339172-26-000001
- CIK: 1339172
- File #: 8-67081
- Type: Broker-dealer
- Material weakness: No
- Auditor: LMHS, PC
- Auditor location: Norwell, MA
- Contact: Michael L. Cruz
- Phone: 714-402-1966
- Email: mcruz@courtlandtgroup.com
- Website: courtlandtgroup.com
- Signed by: Michael L. Cruz (President)
Original filing: https://www.sec.gov/Archives/edgar/data/1339172/000133917226000001/public.pdf
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# **COURTLANDT SECURITIES CORPORATION**
**Report Pursuant to Rule 17a-5 (d)**
**Financial Statements**
**For the Year Ended December 31, 2025**
This report is deemed PUBLIC in accordance with Rule 17a-5(e)(3)
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8-67081
January 1, 2025 December 31, 2025 Courtlandt Securities Corp. ■ 895 Dove Street, 3rd Newport Beach CA 92660 Michael L. Cruz 714-402-1966 mcruz@courtlandtgroup.com LMHS, P.C. 80 Washington Street, Building S Norwell MA 02061 3373
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Courtlandt Securities Corp. |
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#### **Certificate Of Completion**
Envelope Id: BD9EC765-3ED7-4D76-B0AC-A465FC638690 Status: Completed Subject: Complete with Docusign: CONFIDENTIAL CSC Facing Page.pdf, PUBLIC CSC Facing Pages.pdf Source Envelope: Document Pages: 4 Signatures: 2 Envelope Originator: Certificate Pages: 2 Initials: 0 Matthew Finch AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC-08:00) Pacific Time (US & Canada) PO Box 71678 Las Vegas, NV 89170 mfinch@courtlandtgroup.com IP Address: 174.65.156.181
## **Record Tracking**
Status: Original 2/12/2026 8:36:22 AM
Security Level: Email, Account Authentication
Not Offered via Docusign
**Electronic Record and Signature Disclosure:**
(None)
Holder: Matthew Finch mfinch@courtlandtgroup.com
Location: DocuSign
| Signer Events | Signature | Timestamp |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------|--------------------------------------------------------------------------------------------|
| Michael Cruz
mcruz@courtlandtgroup.com
President and CEO
Courtlandt Securities Corporation
Security Level: Email, Account Authentication
(None) | Signature Adoption: Pre-selected Style | Sent: 2/12/2026 8:38:57 AM
Viewed: 2/12/2026 3:35:15 PM
Signed: 2/12/2026 3:35:28 PM |
| | Using IP Address:
2603:8000:4000:b500:90b3:530f:4e86:1e4e | |
| Electronic Record and Signature Disclosure:
Not Offered via Docusign | | |
| In Person Signer Events | Signature | Timestamp |
|-------------------------------------------------------|-----------|------------------------------------------------------------|
| Editor Delivery Events | Status | Timestamp |
| Agent Delivery Events | Status | Timestamp |
| Intermediary Delivery Events | Status | Timestamp |
| Certified Delivery Events | Status | Timestamp |
| Carbon Copy Events | Status | Timestamp |
| Laura Lang
llang@courtlandtgroup.com
Courtlandt | | Sent: 2/12/2026 3:35:29 PM
Viewed: 2/12/2026 3:37:29 PM |
**Witness Events Signature Timestamp Notary Events Signature Timestamp Envelope Summary Events Status Timestamps** Envelope Sent Hashed/Encrypted 2/12/2026 8:38:57 AM Certified Delivered Security Checked 2/12/2026 3:35:15 PM Signing Complete Security Checked 2/12/2026 3:35:28 PM Completed Security Checked 2/12/2026 3:35:29 PM
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*Report of Independent Registered Public Accounting Firm*
To the Shareholder Courtlandt Securities Corporation Newport Beach, California
## *Opinion on the Financial Statements*
We have audited the accompanying statement of financial condition of Courtlandt Securities Corporation as of December 31, 2025, 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 Courtlandt Securities Corporation as of December 31, 2025, in conformity with accounting principles generally accepted in the United States of America*.*
## *Basis for Opinion*
This financial statement is the responsibility of the entity's management. Our responsibility is to express an opinion on the 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 Courtlandt Securities Corporation in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial 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.
*LMHS, P.C.*
We have served as Courtlandt Securities Corporation's auditor since 2024. Norwell, MA **February 12, 2026**
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# **Courtlandt Securities Corporation Statement of Financial Condition December 31, 2025**
# **Assets**
| Cash | \$ | 172,368 |
|----------------------------------------------|-----------|---------------|
| Accounts Receivable
Other Assets | | 95,848
198 |
| Total Assets | \$ | 268,414 |
| Liabilities and Shareholder's Equity | | |
| Liabilities | | |
| Accounts payable | \$ | 92,046 |
| Accrued & Other Liabilities | | 21,703 |
| Total Liabilities | | 113,749 |
| Shareholder's Equity | | |
| Common stock, \$10 par value, 100,000 shares | | |
| authorized; 1,000 shares outstanding
\$ | 10,000 | |
| Paid in capital | 523,924 | |
| Retained (deficit) | (379,259) | |
| Total Shareholder's Equity | | 154,665 |
| Total Liabilities and Shareholder's Equity | \$ | 268,414 |
See Accompanying Notes to Financial Statement
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# **Courtlandt Securities Corporation Notes to Financial Statements December 31, 2025**
# **Note 1 -** Organization and Nature of Business
Courtlandt Securities Corporation (the Company) is a California corporation incorporated on June 7, 2005 and approved by the NASD in February 2006. The company is a registered broker-dealer with the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). The Company is a General Securities Broker/Dealer. The Company does not hold customer funds or securities. The Company's sole office, an OSJ, is located in Newport Beach, CA.
# **Note 2 – Significant Accounting Policies**
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**Basis of Accounting** – The financial statements of the Company have been prepared on the accrual basis of accounting and accordingly, reflect all significant receivables, payables and other assets and liabilities. The Company is currently approved to conduct several types of business. At this time, the Company does not conduct any introductory business and does not have a Clearing Agreement. The Company does not hold customer funds and/or securities. The Company is licensed to conduct the following types of business as a securities broker-dealer, which includes several classes of services, including:
- Mutual fund retailer by application only;
- Broker selling variable life insurance or annuities;
- Solicitor of time deposits in a financial institution;
- Real estate syndicator on a best-efforts basis only;
- Broker selling oil and gas interests;
- Broker selling tax shelters or limited partnerships in primary distributions on a best-efforts basis only;
- Broker selling non-traded public REITs, on a best-efforts basis only; and
- Private placements of securities including tenancy-in-common exchanges, on a best-efforts basis.
The Company does not hold any customer funds or securities, and during the audit period, from January 1, 2025 to December 31, 2025, the Company operated in reliance on Footnote 74 of the SEC Release No. 34- 70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to effecting securities transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company. The Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; (2) did not carry accounts of or for customers; and (3) did not carry PAIB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year, without exception.
**Use of Estimates –** The preparation of financial statements in conformity with generally accepted accounting principles 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.
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# **Courtland Securities Corporation Notes to Financial Statements December 31, 2025**
**Revenue Recognition** – The Company's Commissions are earned from the sale of mutual funds, investment company shares and direct participation programs. Direct participation programs represent the major portion of the business, while Other Fees, including Marketing & Due Diligence fees represent the second largest portion. Mutual fund trailers and sales comprise a small portion of the business. For all income categories, Courtlandt Securities Corp. ("CSC", or "the Company") considers revenue to be generated when the BD satisfies a performance obligation, as confirmed by the corresponding Sponsor or Issuer. Revenue is considered earned when a) Evidence of an arrangement exists; b) The Fee is fixed or able to be determinable; c) Performance has occurred; and d) Collectability is reasonably assured. Commission and Fee (Due Diligence and Marketing) revenue is recorded based on a "trade date" method once the trade has been fully completed (by the product Sponsor or Fund), or in the case of mutual fund trailers, once the trailer has been received by the Company.
**Income Taxes** – The amount of current and deferred taxes payable or refundable is recognized as of the date of the financial statements, utilizing currently enacted tax laws and rates. Deferred tax expenses or benefits are recognized in the financial statements for the changes in deferred tax liabilities or assets between years.
The accounting principles generally accepted in the United States of America provides accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Company in its Federal and State organization tax returns are more likely than not to be sustained upon examination. The Company is subject to examinations by U.S. Federal and State tax authorities from 2023 to the present, generally for three years after they are filed.
**Depreciation –** Depreciation is calculated using an accelerated method and uses estimated use of estimated useful lives of five to ten years. Leasehold improvements are amortized over the lesser of the economic useful life of the improvement or the term of the lease. The Company had two fixed assets as of Jan 1, 2024, but disposed of one during the period.
**Statement of Changes in Financial Condition –** The Company has defined cash equivalents as highly liquid investments, with original maturities of less than three months that are not held for sale in the ordinary course of business.
# **Note 3 – Income Taxes**
The Company, with consent of its shareholder, has elected to be an S corporation and accordingly has its income taxed under Section 1372 of the Internal Revenue code, which provides that in lieu of corporation income taxes, the stockholder is taxed on the Company's taxable income. Therefore, no provision of liability for Federal income taxes is included in these financial statements. The state of California has similar regulations, although there exists a provision for a minimum franchise tax and a tax rate of 1.5% over the minimum tax of \$800.
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# **Courtland Securities Corporation Notes to Financial Statements December 31, 2025**
# **Note 4 – Recent Accounting Pronouncements - ASU 2016.2 Operating Leases**
In February, 2016, the FASB issued ASU 2016-02, Leases, and several amendments (collectively "ASU 2016- 2"), which requires lessees to recognize assets and liabilities arising from most operating leases on the statement of financial condition. The Company is not party to any lease agreements, therefore, this is not applicable to the Company in the current year.
# **Note 5 – Subsequent Events**
Management has reviewed the results of operations for the period of time from its year end December 31, 2025 through February 12, 2026, the date the financial statements were available to be issued, and has determined that no adjustments are necessary to the amounts reported in the accompanying financial statements, nor have any subsequent events occurred, the nature of which would require disclosure.
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.