# MURRAY SECURITIES, INC. X-17A-5 (2022-12-20) — Broker-dealer annual report
- Company: MURRAY SECURITIES, INC.
- Form: X-17A-5
- Filed: 2022-12-20
- Period: 2022-09-30
- Accession: 0001383163-22-000003
- CIK: 1383163
- File #: 8-67488
- Type: Broker-dealer
- Material weakness: No
- Auditor: Sanville and Company
- Auditor location: Dallas, TX
- Contact: Gary Murray
- Phone: 903-561-5588
- Email: gmurray@murraysecurities.com
- Website: murraysecurities.com
- Signed by: Gary Murray (President)
Original filing: https://www.sec.gov/Archives/edgar/data/1383163/000138316322000003/Audit-4.pdf
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
# ANNUAL REPORTS FORM X-17A-5 PART III
| been and the below state the state of the still be and the may be any and
Estimated average burden
hours per response.
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| SEC FILE NUMBER |
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OMB APPROVAL
OMB Number: 3235-0123
Froires Ort 31 9022
FACING PAGE
Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934
FILING FOR THE PERIOD BEGINNING 10/01/2021
MM/DD/YY
MM/DD/YY
9/30/2027
A. REGISTRANT IDENTIFICATION
## NAME OF FIRM: Murray Securities
TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer Check here if respondent is also an OTC derivatives dealer
Security-based swap dealer @ Major security-based swap participant
AND ENDING
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)
# 909 ESE Loop 323
| | (No. and Street) | |
|----------------------------------------------|------------------|------------------------------|
| Tyler | lexas | 75701 |
| (City) | (State) | (Zip Code) |
| PERSON TO CONTACT WITH REGARD TO THIS FILING | | |
| Gary Murray | 903-561-5588 | gmurray@murraysecurities.com |
(Name)
(Area Code - Telephone Number)
(Emall Address)
#### B. ACCOUNTANT IDENTIFICATION
INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\*
# Sanville & Company
| | (Name - if individual, state last, first, and middle name) | | |
|--------------------------------------------------|------------------------------------------------------------|---------|--------------------------------------------|
| 325 N. Saint Paul St., #3100 Dallas | | X | 75201 |
| (Address) | (City) | (State) | (Zip Code) |
| 09/18/03 | | 169 | |
| (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) |
| | FOR OFFICIAL USE ONLY | | |
| | | | |
\* 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.
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#### OATH OR AFFIRMATION
| Gary Murray swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Murray Secuties Inc. as of
September 30 mm = 2 022 m, is true and correct. If further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer.
TAMARA LEANN WILLIAMS D# 11018338 State of Texas Comm. Exp. 01-19-2025 Jill lown
Signature .. Title:
Notary Public
#### 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 capible 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.
- (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable.
- [r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- [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).
- [z) Other:
- \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.170-5(e)(2), os applicable.
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## MURRAY SECURITIES INC.
Report Pursuant to Rule 17a-5(d)
September 30, 2022
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## MURRAY SECURITIES, INC.
#### TABLE OF CONTENTS
Page
| | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1-2 |
|----------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|
| STATEMENT OF FINANCIAL CONDITION | | 3 |
| STATEMENT OF OPERATIONS | | 4 |
| | STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY | 5 |
| STATEMENT OF CASH FLOWS | | 6 |
| NOTES TO FINANCIAL STATEMENTS | | 7 - 9 |
| SUPPLEMENTAL INFORMATION: | | |
| Schedule I: | Computation of Net Capital Under Rule 15c3-1
of the Securities and Exchange Commission | 11 - 12 |
| | Schedule II & III: Computation for Determination of Reserve Requirements and Information
Relating to Possession or Control Requirements Under Rule 15c3-3 of the
Securities and Exchange Commission | 13 |
| | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
ON MANAGEMENT'S EXEMPTION REPORT | 15 - 17 |
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ROBERT F. SANVILLE CPA MICHAELT BARANOWSKY CPA JOHN P. TOWNSEND, CPA NATHANIEL S. HARTCRAVES, CPA
Sanville & Company
CERTIFIED PUBLIC ACCOUNTANTS
MEMBER OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
1514 OLD YORK ROAD ABINCITON, PA 19007 (275) 884-8460 = (215) 884-8685 FAX 325 NOKTH SAINT PAUL 51, SUITE 3100 DALLAS, TX 7520 (214) 738-1998
100 WALL STREET 8th FLOOK NEW YORK, NY 10005 (212) 709-9512
#### Report of Independent Registered Public Accounting Firm
To the Stockholders Murray Securities, Inc.
#### Opinion on the Financial Statements
We have audited the accompanying statement of financial condition of Murray Securities, Inc. (the Company) as of September 30, 2022, the related statements of operations, changes in stockholders' equity, and cash flows for the year then ended, and the related notes to the financial statements (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of September 30, 2022, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.
#### Basis for Opinion
These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with 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 statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.
Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.
#### Supplemental Information
The supplementary information contained in The Schedule I, Computation of Net Capital Under SEC Rule 1563-1, Schedule II, Computation for Determination of Reserve Requirements Under Rule SEC 15c3-3 and Schedule III, Information Relating to the Possession or Control Requirements Under SEC Rule 15c3-3 have been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company's management. Our audit procedures included delermining whether the supplemental information reconciles to the financial statements or the underlying and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the
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supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the supplementary information contained in the Schedule I, Computation of Net Capital Under SEC Rule 15c3-1, Schedule II, Computation for Determination of Reserve Requirements Under SEC Rule 15c3-3 and Schedule III, Information Relating to the Possession or Control Requirements Under SEC Rule 15c3-3 are fairly stated, in all material respects, in relation to the financial statements as a whole.
We have served as the Company's auditor since 2020.
Dallas, Texas December 16, 2022
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#### MURRAY SECURITIES, INC. Statement of Financial Condition September 30, 2022
## ASSETS
| Assets: | |
|---------------------------------------|---------------|
| Cash | 190.138
ев |
| Deposit with clearing organization | 10.810 |
| Receivable from clearing organization | 15.636 |
| Property and equipment, net | 3,747 |
| Deferred tax benefit | 111 |
| Right of use lease asset | 10.124 |
| Total Assets | \$ 230,566 |
#### LIABILITIES AND STOCKHOLDERS' EQUITY
| Liabilities: | |
|--------------------------------------------|---------|
| Accounts payable | 799 |
| Accrued expenses | 672 |
| Deferred revenue | 49.010 |
| Corporate income tax payable | 1,090 |
| Right of use lease liability | 10.124 |
| Total liabilities | 61,695 |
| Stockholders' equity: | |
| Common stock, 100,000 shares | |
| authorized with no par value, | |
| 500 shares issued and outstanding | 10,000 |
| Additional paid in capital | 100,000 |
| Retained earnings | 58,871 |
| Total stockholders' equity | 168,871 |
| Total Liabilities and Stockholders' Equity | 230.566 |
The accompanying notes are an integral part of these financial statements.
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#### MURRAY SECURITIES, INC. Statement of Operations For the Year Ended September 30, 2022
| Revenues: | |
|--------------------------------------------------|--------------|
| Commissions income | 5
176,912 |
| Advisory fee income | 509,731 |
| Distribution fees | 45,557 |
| Fee income | 17,041 |
| Interest | 1.161 |
| Total revenues | 750,402 |
| Expenses | |
| Employee compensation, commissions, and benefits | 574,423 |
| Clearance and quotation fees | 50,581 |
| General and administrative | 36,563 |
| Professional fees | 13,450 |
| Communications and data processing | 18,661 |
| Depreciation | 596 |
| Occupancy | 46,396 |
| Other expenses | 2,310 |
| | 742,980 |
| Income before income taxes | 7.422 |
| Income tax expense | 1.494 |
| Net Income | 5.928 |
The accompanying notes are an integral part of these financial statements.
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#### MURRAY SECURITIES, INC. Statement of Changes in Stockholders' Equity For the Year Ended September 30, 2022
| | Shares | | Common
Stock | | Additional
Paid in
Capital | | Retained
Earnings | | Total |
|-----------------------------------|--------|------|-----------------|----|----------------------------------|---|----------------------|----|------------|
| Balances at
September 30, 2021 | 500 | ్రస్ | 10.000 | S | 100,000 | ક | 52,943 | GA | 162,943 |
| Net income | | | | | | | 5.928 | | 5,928 |
| Balances at
Sentember 30 2022 | 500 | ರ್ಕ | 000000 | ef | 5 Dan One | | 58 871 | | \$ 168.871 |
The accompanying notes are an integral part of these financial statements.
Page 5
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#### MURRAY SECURITIES, INC. Statement of Cash Flows For the Year Ended September 30, 2022
| Cash flows from operating activities: | |
|---------------------------------------------------|----------------|
| Net income | ત્ત્વ
5,928 |
| Adjustments to reconcile net income to net cash | |
| provided (used) by operating activities: | |
| Depreciation expense | 596 |
| Change in operating assets and liabilities: | |
| Increase in receivable from clearing organization | (4,332) |
| Increase in deposit with clearing organization | (चै) |
| Decrease in deferred tax benefit | 404 |
| Increase in accounts payable | 505 |
| Decrease in accrued expenses | (32) |
| Increase in deferred revenue | 2,216 |
| Increase in corporate income tax payable | 1.090 |
| Net cash provided (used) by operating activities | 6.371 |
| Cash flows from investing activities: | |
| Net cash used by investing activities: | |
| Cash flows from financing activities: | |
| Net cash provided by financing activities: | |
| Net Increase in cash | 6,371 |
| Cash at beginning of year | 183.767 |
| Cash at end of year | 190,138 |
| Supplemental Disclosures | |
| Cash paid for: | |
| Income taxes | |
| Interest | |
The accompanying notes are an integral part of these financial statements.
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#### MURRAY SECURITIES, INC. Notes to Financial Statements September 30, 2022
#### Note 1 - Summary of Significant Accounting Policies
#### Nature of Operations and Basis of Presentation
Murray Securities, Inc. (the "Company") was incorporated under the State of Texas on October 17. 2006. The Company is a registered broker-dealer in securities registered with the Securities and Exchange Commission ('SEC') and is a member of the Financial Industry ("FINRA"). The Company operates under SEC Rule 15c3-3(k)(2)(i), whereby a clearing broker-dealer performs dealing functions for all broker-dealer transactions with customers and brokers and dealers on a fully disclosed basis or the Company promptly transmits all customer funds and securities. The Company also has agreements for clearing functions with other various mutual funds and variable annuity brokers.
The Company carries no customer cash accounts, margin accounts or credit balances and promptly transmits all customer funds and delivers all securities received in connection with its activities to its dearing broker.
#### Use of Estimates
Management of the Company has made a number of estimates and assumptions relating to the reporting of assess and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with generally accepted accounting principles. Actual results could differ from those estimates.
#### Revenue Recognition
Revenues are recognized when control of the promised services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Revenues are analyzed to determine whether the Company is the principal (i.e., reports revenues on a gross basis) or agent (i.e., reports revenues on a net basis) in the contract. Principal or agent designations depend primarily on the control an entity has over the product or service before control is transferred to a customer. The indicators of which party exercises control include primary responsibility over performance obligations, inventory risk before the good or service is transferred and discretion in establishing the price.
#### Commission Revenue
Commission revenue represents sales commissions generated by advisors for their clients' purchases and sales of securities on exchanges and over-the-counter, as well as purchases of other investment products. The Company views the selling, distribution and marketing, or any combination thereof, of investment products to such clients as a single performance obligation to the product sponsors. The Company is the principal for commission revenue, as it is responsible for the execution of the client's purchases and sales, and maintains with the product sponsors. Advisors assist the Company in performing its obligations. Accordingly, total commission revenues are reported on a gross basis.
The Company generates two types of commission revenue: sales-based commission revenue that is recognized at the point of sale on the trade date and trailing commission revenue that is recognized over time as earned. Sales-based commission revenue varies by investment product and is based on a percentage of an investment product's current market value at the time of purchase. Trailing commission revenue is generally based on a percentage of the current. market value of clients' investment holdings in trail-eligible assets, and is recognized over the period during which services, such as on-going support, are performed. As trailing commission revenue is based on the market value of clients' investment holdings, this variable consideration is constrained until the market value is determinable.
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#### MURRAY SECURITIES, INC. Notes to Financial Statements September 30, 2022
#### Note 1 - Summary of Significant Accounting Policies, continued
#### Advisory Revenue
Advisory revenue represents fees charged to advisors' dients' accounts on the respective advisory platform. The Company provides ongoing investment advice as well as brokerage and execution services on transactions and performs administrative services for these accounts. This senes of performance obligations transfers control of the services to the client over time as the services are performed. This revenue is recognized ratably over time to match the continued delivery of the performance obligations to the clife of the contract. The advisory revenue generated from the respective advisory platform is based on a percentage of the eligible assets in the clients' advisory accounts. As such, the consideration for this revenue is variable and an estimate of the variable consideration is constrained due to dependence on unpredictable market impacts on client portfolio values. The constraint is removed once the portfolio value can be determined. The Company provides advisory services to dients on its respective advisory platform through the advisor. The principal in these arrangements and recognizes advisory revenue on a gross basis, as the Company is responsible for satisfying the performance obligations and has control over determining the fees. Advisors assist the Company in performing its obligations. Fees are billed on a quarterly basis based on the account's value at the end of the quarter. Advance payments, if received, are deferred and recognized during the periods for which services are provided.
#### Distribution Fees
#### Mutual Funds, Insurance and Annuity Products
The Company earns revenue for selling mutual funds, fixed variable annuities and insurance products. The performance obligation is satisfied at the time of each individual sale. A portion of the revenue is based on a fixed rate applied, as a percentage, to the net asset value of the insurance policy or annuity contract. The ongoing revenue is not at the time of sale because it is variable constrained due to factors outside the Company's control including market volatility and client behavior (such as how long clients hold their investment, insurance policy or annuity contract). The revenue will not be recognized until it is probable that a significant reversal will not occur.
#### Interest Income
The Company earns interest income from client margin accounts and cash equivalents, net of operating expense.
#### Income Taxes
The Company uses the accrual method of accounting for income tax purposes. Deferred income taxes are determined using the liability method in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic No. 740, Income Taxes. Management evaluates income tax positions based on a predetermined threshold of whether the positions taken will be sustaination. Uncertain tax positions are reduced by a liability for contingent loss that is recorded either when the threshold is no longer met or when it becomes probable that payment will be made to the taxing authority. Years open for income tax examination by taxing authorities are 2018, 2019, 2020 and 2021.
#### Note 2 -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. Net capital and the related net capital
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#### MURRAY SECURITIES, INC. Notes to Financial Statements September 30, 2022
#### Note 2 - Net Capital Requirements, continued
ratio may fluctuate on a daily basis.
As of September 30, 2022, the Company had net capital of \$161,214 and net capital requirements of \$50,000. The Company's ratio of aggregate indebtedness to net capital was 0.32 to 1. The Securities and Exchange Commission permits a ratio of no greater than 15 to 1.
#### Note 3 - Commitments and Contingencies
Included in the Company's clearing agreement with its dearing 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 indemnity the dealer to the extent of the net loss on any unsettled trades. At September 30, 2022, 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 4 -Clearing Deposit
The Company conducts substantially all business through its clearing firm which settles all trades for the Company, on a fully disclosed basis on behalf of its customers. Under its agreement with its dearing broker-dealer, the Company is required to maintain a clearing deposit of \$10,000, which is included on the balance sheet as deposit with clearing organization.
#### Note 5 -Lease Commitments
The Company leases office space under a long-term non-cancelable lease. Minimum lease payments under the lease at September 30, 2022 are as follows:
| September 30, 2023 | 69 | 11,160 |
|----------------------------------|----|---------|
| | 5 | 11,160 |
| Less present value discount | | (1,036) |
| Right of use asset and liability | | 10.124 |
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Supplemental Information
P rsuanl to Rule 17a-5 oflhe
Securities Exchange Ac1 of 1934
For the Year Ended September 30, 2022
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#### Schedule I
#### MURRAY SECURITIES, INC. Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission As of September 30, 2022
#### COMPUTATION OF NET CAPITAL
| Total partners' capital qualified for net capital | | 5 | 168,871 |
|-------------------------------------------------------------------------------------|-------|-------|---------|
| Add:
Other deductions or allowable credits | | | |
| Total capital and allowable subordinated liabilities | | | 168,871 |
| Deductions and/or charges | | | |
| Non-allowable assets:
Property and equipment | 3,747 | | |
| Deferred tax asset | 111 | | |
| | | | (3.858) |
| Net capital before haircuts on securities positions | | | 165,013 |
| Haircuts on securities (computed, where applicable,
pursuant to Rule 15c3-1(f)): | | | (3.799) |
| Net capital | | ్లాప్ | 161.214 |
| AGGREGATE INDEBTEDNESS | | | |
| Items included in statement of financial condition | | | |
| Accounts payable | | S | 799 |
| Accrued expenses | | | 672 |
| Corporate income taxes payable | | | 1,090 |
| Deferred revenue | | | 49.010 |
| Total aggregate indebtedness | | 13 | 51.571 |
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#### Schedule I (continued)
#### MURRAY SECURITIES, INC. Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission As of September 30, 2022
#### COMPUTATION OF BASIC NET CAPITAL REQUIREMENT
| Minimum net capital required (6 2/3% of total
aggregate indebtedness) | 8
3.438 |
|-----------------------------------------------------------------------------------------------------------|------------------------|
| Minimum dollar net capital requirement of
reporting broker or dealer | S
50.000 |
| Minimum net capital requirement (greater of two
minimum requirement amounts) | 5
50.000 |
| Net capital in excess of minimum required | તેન
111.214 |
| Net capital, less the greater of 10% of aggregate indebtedness or 120%
of minimum net capital required | ಕ್ಕೆ ಕ
101,214 |
| Ratio: Aggregate Indebtedness to nel capital | 0.32 to |
| RECONCILIATION WITH COMPANY'S COMPUTATION | |
| Net capital reported in FOCUS IIA
Increase in accounts payable | 69
161,574
(360) |
| Net canital ner audited financial statements | చి
161.214 |
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#### Schedule II & III
MURRAY SECURITIES, INC. Computation For Determination Of Reserve Requirements And Information Relating To Possession Or Control Requirements Under Rule 15c3-3 of the Securities and Exchange Commission September 30, 2022
The Company is exempt from Securities Exchange Commission ("SEC") Rule 15c3-3 pursuant to both the exemptive provisions of sub-paragraph (k)(2)(ii) and is considered a "Non-Covered Firm" from 15c3-3 by relying on footnote 74 to SEC Release 34-70073 and therefore, is not required to maintain a "Special reserve bank account for the Exclusive benefit of customers."
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Report of Independent Reg"stered Public Accollflting Firm
On Management's Exemption Report
Required by SEC Rule Ha-5
For the Year Ended September 30, 2022
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ROBERT F. SANVILLE. CPA MICHAEL T. BARANOWSKY CPA JOHN P. TOWNSEND, CPA NATHANIEL S. HARTCRAVES CPA
Sanville & Company
CERTIFIED PUBLIC ACCOUNTANTS
MEMBER OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNT ANTS PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNT ANTS
1514 OLD YORK BOAT ABINGTON, PA 19001 (213) 884-8460 = (215) 884-8686 TAX 325 NORTH SAINT PAUL ST. SUITE 31 00 DALLAS TX 7520 (214) 738-1998
100 WALL STREET 8th FLOOR NEW YORK, NY THEIS (212) 709-9512
#### Report of Independent Registered Public Accounting Firm
To the Stockholders Murray Securities, Inc.
We have reviewed managements, included in the accompanying Exemption Report, in which Murray Securities. Inc. (the Company) stated that:
- 1. The Company identified the following provisions of 17 C.F.R. § 240.15c3-3(k) under which the Company claimed an exemption from 17 C.F.R. § 240.15c3-3; Paragraph (k)(2)(ii) (the exemption provisions), and the Company stated that it met the identified exemption provisions throughout the most recent fiscal year without exception;
- 2. The Company is also fling this Exemption Report because the Company's other business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 are limited to (1) acting as a mutual fund retailer (2) acting as a solicitor of time deposits in a financial institution throughout the most recent fiscal year; and
- 3. The Company (1) did not directly receive, hold, or otherwise owe funds or securities for or to customers (other than money or other consideration received and promply transmitted in compliance with paragraph (a) or (b)(2) of 17 C.F.R. \$ 240.15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry proprietary accounts of broker-dealers (as defined in 17 C.F.R. § 240.15c3-3), throughout the most recent fiscal year without exception.
The Company's management is responsible for its statements.
Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United Slates) and, accordingly, included inquires and other required procedures to obtain evidence about the Company's compliance with the exemplion provisions and that the Company's other business activities were limited to (1) acting as a mutual fund retailer (2) acting as a solicitor of time deposits in a financial institution and (1) did not directly receive, hold, or otherwise owe funds or securities for or to customers (other consideration received and promply transmitted in complance with peragraph (a) or (b)(2) of 17 C.F.R. § 240.15c2-4; (2) tild not carry accounts of or for customers; and (3) did not carry proprietary accounts of broker-dealers (as defined in 17 C.F.R. § 240.15c3-3) throughout the most recent fiscal year without exception. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in 17 C.F.R. § 240.15:3-3 and 17 C.F.R. § 240.17a-5.
Dallas, Texas December 16, 2022
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#### Murray Securities, Inc. Exemption Report
Murray Securities, Inc . (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by oortai1n brokers and dealers'} This ExemptiOn Report was prepared as required by 17 C.F.R. §240.17a-5{d)(1} and {4). To the. best of its lmowledge and tieret, tt,e Company states the following:
- (1) The Companry claimed an exemption from 17 C.F.R. §240.15c3r3 under the following provisions of 17 C.F.R §240.15c3-3(k)(2)(il}.
- (2), The Company meHhe identified exemption prov~ions in 17 C.F .R. §240.15c3-3(k} throughouHhe most recent fiscal year without exception.
- {3) The Company is considered "Non-Covered Firm" exempt from 17 C.F.R §240.15c3a3 and ls fiUng an ~emption Rieport relying on footnote 7 4 to SEC Release 34-7007 3, and as discussed in Q&A 8 of the i:e!ated FAQ issued by the SEC staff. The Company 1imits its business activlties exclusively to: {1) acting as a mutual fund retailer ,(2) aciing1 as a solicitor of time deposits in a finaooial institution.
- (4) The Company (1) did not directly or lndlrectly receive, hold or otherwise owe funds er securities for or to clllS!omers, other than money or oltler consideration i,e,ceived and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2--4; (2) dld not carry accounts of or for customera; and (3} did not carry PAB accounts (as defined m Rule 15c3~3), tllrou.ghout the most recent fiscal year without exception.
l, Gary Murray, swear (o:r afflnn) that, to my best knowledge and belief, this exemption r-eport is U\Je and correct.
5~7
Date of Report December 9. 2022
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Report of Independent Registered Public Accounting Firm
On The SIPC Annual Assessment
Required By SEC Rule 17a-5
For the Year Ended September 30, 2022
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ROBERT F. SANVILLE. CPA MICHAEL J. BARANOWSKY. CPA JOHN P. TOWNSEND. CPA NATHANIEL S. HARTGRAVES, CPA
Sanville & Company
CERTIFIED PUBLIC ACCOUNTANTS
MEMBER (YE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOLINTANTS
1514 OLD VORR ROAD ABINGTON, PA 19001 (215) 884-8460 · [275] 1884-8686 FAX 325 NORTH SAINI PAUL ST. SLITE 1100 DALLAS, TX 75201 (214) 738-1998
100 WALL STREET Mth FLOOR NEW YORK, NY 10015 (272) 709-9512
#### Report of Independent Registered Public Accounting Firm on Applying Agreed-Upon Procedures
To the Stockholders Murray Securities, Inc.
We have performed the procedures in Rule 17 a-5 (e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection (SIPC) Series 600 Rules, which are enumerated below on the accompanying General Assessment Reconciliation (Form SIPC-7) for the year ended Sectember 30, 2022, Management of Murray Securities Inc. (the 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 Compliance with the applicable instructions on Form SIPC-7 for the year ended September 30, 2022. Additionally, SIPC has agreed to and acknowledged that the procedures performed are appropriate for their intended purposes. This report may not be suitable for any other purpose. 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 orocedures performed are appropriate for their purposes. The appropriateness of these procedures is solely the responsibility of those partied in this report. Consequently, we make no representation regarding the appropriateness 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:
- t. Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement record entries, noting no differences.
- 2. Compared the Total Revenue amounts reported on the Annual Audited Report Form X-17A-5 Part III for the year ended September 30, 2022, with the Total Revenue amounts reported in Form SIPC-7 for the year ended September 30, 2022, 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 reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences.
We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants and in accordance with the standards of the Public Company Accounting Oversight Board United States). We were not engaged to, and did not, conduct an examination or a review engagement, the objective of which would be the expression of an opinion or condusion, respectively, on the Company's Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7 for the year ended September 30, 2022. Accordingly, we
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do not express such an opinion or coodusion. Had we performed additional prooedmes, other matters mig t have come to our all:enlion that would have been reported to you.
We are required to be Independent of the Company and to meet our other etfllca1 responsibilities rn accordance willi too relevant ethical requirements related to our agreed-upo procedures. engagement
This repo is intended solely for **e** in ormation and use of the Company and SIPC and is not imended to be, and should not be, **used** by anyone o:th er !han these specified parties.
*s~~e,~*
Dalla,s, Texas December 16, 2022
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| SIPC-7 | SECURITIES INVESTOR PROTECTION CORPORATION
Mail Code: 8967 P.O. Box 7247 Philadelphia, PA 19170-0001 | | | | SPC- | | |
|---------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------|----------------------------------------------|--|--|
| (36-REV 12/18) | | General Assessment Reconciliation | | | (36-REV 12/18 | | |
| | (Read carefully the instructions in your Working Copy betore completing this Form) | For the fiscal year ended 9/30/22 | | | | | |
| | TO BE FILED BY ALL SIPC MEMBERS WITH FISCAL YEAR ENDINGS | | | | | | |
| | 1. Name of Member, address, Designated Examining Authority, 1934 Act registration no. and month in which liseal year ends for
purposes of the audit requirement of SEC Rule 17a-5: | | | | | | |
| | | | | | Note: If any of the information shown on the | | |
| | 67488 FINRA SEP | | | mailing label requires correction, please e-mail
any corrections to form@sipc.org and so | | | |
| | Murray Securities, Inc. | | Indicate on the form filed. | | | | |
| Tyler, Tx 75701 | 909 ESE Loop 323 Suite 200 | | | | Name and telephone number of person to | | |
| | | | contact respecting this form. | | Gary Murray 903-561-5588 | | |
| | | | | | | | |
| | | | | | 911 | | |
| | 2. A. General Assessment (item 2e from page 2) | | | | | | |
| 4/26/22 | B. Less payment made with SIPC-6 filed (exclude interest) | | | | 446 | | |
| Date Paid | | | | | | | |
| G. Less prior overpayment applied
D. Assessment balance due or (overpayment) | | | | | 465 | | |
| | | | | | | | |
| | E. Interest computed on late payment (see instruction E) for _________________________________________________________________________________________________________________ | | | | 465 | | |
| | F. Total assessment balance and interest due (or overpayment carried forward) | | | | | | |
| G. PAYMENT: V the box | Check mailed to P.O. Box & Funds Wired
Total (must be same as F above) | ACH | 465 | | | | |
| H. Overpayment carried forward | | 20 | | | | | |
| | 3. Subsidiaries (S) and predecessors (P) included in this form (give name and 1934 Act registration number): | | | | | | |
| | | | | | | | |
| | | | | | | | |
| The SIPC member submitting this form and the | parson by whom it is executed represent thereby | | MURRAY SECURITIES, INC | | | | |
| and complete. | that all information contained herein is true, correct | | of Corporaron, Parlnership or other organization) | | | | |
| | | | Authorized Signature) | | | | |
| Dated the / day of Aller | 20 62 | | PRESIDENT | | | | |
| | This form and the assessment psyment is due 60 the tiscal year. Retain the Working Copy of this form | | [[[][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][] | | | | |
| | for a period of not less than 6 years, the latest 2 years in an easily accessible place. | | | | | | |
| | | | | | | | |
| EB
Dates:
Postmarked | Received | Reviewed | | | | | |
| REVIEW
Calculations _ | | Decumentation . | | | Forward Copy | | |
| | | | | | | | |
| | | | TAXPAYER'S COPY | | | | |
| Exceptions:
es
d
Disposition of exceptions:
S | | | PREPARED BY: | | | | |
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#### DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT
| DETERMINATION OF "SIPC NET OPERATING REVENUES"
AND GENERAL ASSESSMENT | |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------|
| | Amounts for the fiscal period
beginning 10/1/21
and ending #3822 |
| | Ellminate cents |
| llem No.
2a. Total revenue (FOCUS Line 12/Part IIA Line 9, Code 4030) | 750,404 |
| 2b. Additions:
(1) Tolal revenues from the securities business of subsidiaries (except foreign subsidiaries) and
expons popularly 100 310558300000 | |
| (2) Net loas from principal transactions in securities in trading accounts. | |
| (3) Net loss from principal transactions in commodities in trading accounts. | |
| (4) Interest and dividend expense deducted in determining item 2a. | |
| (5) Net loss from management of or participation in the underwriting or distribution of securities. | |
| (6) Expenses other than advertising, printing, registration fees and legal fees deducted in determining net
profit from management of or participation in underwriting or distribution of securities. | |
| (7) Not loss from securities in investment accounts. | |
| Total additions | 750,404 |
| 2c. Deductions:
(1) Revenues from the distribution of shares of a registered open end investment company or unit
investment trust, trom the sale of variable annuilles, from the business of insurance, from investment
advisory services rendered to registered investment companies or insurance company separate
accounts, and from transactions in security futures products. | 99,054 |
| (2) Revenues from commodity Iransactions. | |
| (3) Commissions, floor brokerage and clearance paid to other SIPC members in connection with
securilies fransactions. | 44,152 |
| (4) Reimbursements for postage in connection with proxy sollettation. | |
| (5) Net gain from securities in investment accounts. | |
| (6) 100% of commissions and markups earned from transactions in (i) certificates of deposit and
(U) Treasury bills, bankers acceptances or commercial paper that mature nine months or less
from issuance date. | |
| (7) Direct expenses of printing advertising and legal lees incurred in connection with other revenue
related to the securities business (revenue defined by Section 16(9)(L) of the Act). | |
| {a} Other revenue not related either directly to the securities business.
(See Instruction C): | |
| (Deductions in excess of \$100,000 require documentation) | |
| (9) (1) Total interest and dividend expense (FOCUS Line 22/PART IIA Line 13,
Code 4075 plus line 2b(4) above) but not in excess
of total interest and dividend income. | |
| (ii) 40% of margin Interest earned on customers securities
accounts (40% of FOCUS line 5, Code 3960). | |
| Enter the greater of line (I) or (ii) | 143,206 |
| Total deductions | 607,198 |
| 2d. SIPC Net Operating Revenues | 911 |
| 2e. Ganeral Assessment @ . 0015 | (to page 1, line 2.A.) |
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.