# LIVINGSTON SECURITIES, LLC X-17A-5 (2021-02-26) — Broker-dealer annual report - Company: LIVINGSTON SECURITIES, LLC - Form: X-17A-5 - Filed: 2021-02-26 - Period: 2020-12-31 - Accession: 0001435253-21-000001 - CIK: 1435253 - File #: 8-67901 - Material weakness: No - Auditor: Spicer Jefferies LLP - Auditor location: Denver, CO - Contact: Scott Livingston - Phone: 212 520 8481 - Website: spicerjeffries.com - Signed by: Scott Livingston (Chief Executive Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1435253/000143525321000001/lsecpub.pdf --- {0}------------------------------------------------ # LIVINGSTON SECURITIES LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2020 {1}------------------------------------------------ **UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** 0MB APPROVAL 0MB Number: 3235-0123 Expires: October 31 , 2023 Estimated average burden hours per response .. . . .. 12.00 # **ANNUAL AUDITED REPORT FORM X-17A-5 PART** Ill | SEC FILE NUMBER | | |-----------------|--| | 8-67901 | | | | | **FACING PAGE** **Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder** | REPORT FOR THE PERIOD BEGINNING_ o_1_10_1_12_0_2_0 _ | _ | __
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_ | | |------------------------------------------------------------------------------------------------|--------------------------------------------------------|--------------------|-------------------------------------|--| | | MM/DD/YY | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION···'. | | | | | NAME OF BROKER-DEALER: | Livingston Securities LLC | | ·. OFFICIAL USE ONLY
' :·- •_1 | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | FIRM 1.D. NO. | | | | 626 RexCorp Plaza, 6th floor, West Tower | | | | | | | (No. and Street) | | | | | Uniondale | NY | | 11556 | | | (City) | (State) | | (Zip Code) | | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
Scott B. Livingston | | | 212-520-8481 | | | | | | (Area Code - Telephone Number) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNT ANT whose opinion is contained in this Report* | | | | | | | | | | | | Spicer Jefferies LLP | | | | | | | (Name - if individual, state last, first, middle name) | | | | | 4601 OTC Blvd, Suite 700 | Denver | | 80237 | | | (Address) | (City) | co
(State) | (Zip Code) | | | | | | | | | CHECK ONE: | | | | | | I
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Certified Public Accountant
Public Accountant | | | | | | B
Accountant not resident in United States or any of its possessions. | | | | | *\*Claims for exemption from the requirement that the annual report be covered by the opinion of an independent p ublic accountant must be supported by a statement of facts and circumstances relied on as the basis f or the exemption. See Section 240.J 7a-5(e)(2)* > **Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid 0MB control number.** SEC 1410 (11 -05) {2}------------------------------------------------ #### **OATH OR AFFIRMATION** I, Scott Livingston , swear (or affirm) that, to the best of my knowledge and belief the accompanying financial statement and supporting schedules p ertaining to the firm of \_\_Living \_ ston \_\_\_\_\_\_ Securities LLC \_ \_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_ \_\_\_\_\_\_\_\_\_ \_\_\_\_\_ \_\_\_ s ,a of December 31 are true and correct. I further swear ( or affirm) that ne ither the company nor any partner, proprietor, principal officer or director bas any proprietary interest in any account classified solely as that of a customer, except as follows: Dlane **M. Venezia No\ciry** P ublic, **State of New York No. 02VE5063839 QualitieD**(m) A copy of the SIPC Supplemental Report. **D** (n) A report describing any material inadequacies found to exist or found to have ex isted since the date of the previous au dit. **D** (o) Exemption Report \*\* *For conditions of confidential treatment of certain portions of this filing, see section 240.* J *7a-5 {e){3}.* {3}------------------------------------------------ # LIVINGSTON SECURITIES, LLC #### DECEMBER 31, 2020 #### TABLE OF CONTENTS | ‡''"–'ˆ †‡'‡†‡–‡‰‹•–‡"‡†—"Ž‹………'—–‹‰ ‹"ǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤͳ | Page | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------|--| | –ƒ–‡‡–'ˆ ‹ƒ…‹ƒŽ'†‹–‹'ǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤʹ | | | | '–‡•–'–Ї ‹ƒ…‹ƒŽ–ƒ–‡‡–ǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤ͵Ǧͺ | | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) 4601 DTC BOULEVARD • SUITE 700 DENVER, COLORADO 80237 TELEPHONE: (303) 753-1959 FAX: (303) 753-0338 www.spicerjeffries.com #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member of Livingston Securities LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Livingston Securities LLC (the "Company") as of December 31, 2020 and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2020, 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 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 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 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 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. We have served as the Company's auditor since 2008. Denver, Colorado February 25, 2021 ![](_page_4_Picture_12.jpeg) {5}------------------------------------------------ #### LIVINGSTON SECURITIES, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2020 #### ASSETS | ƒ•Š | ̈́ | ͹ʹǡͻ͸Ͳ | |---------------------------------------|----|-------------| | އƒ"‹‰†‡''•‹– | | ͳͲͲǡͲͲͲ | | '‹••‹'"‡…‡‹˜ƒ"އ | |
ʹͺǡͺͶͶ | | —‡ˆ"'"‡Žƒ–‡†'ƒ"–‹‡•ȋ'–‡ͶȌ | |
ͳ͹ǡͳͳͳ | | ‡‡"‡…‡‹˜ƒ"އ | | ͳͶͲǡͲͲͲ | | –Ї"ƒ••‡–• | | Ͷͺ͹ǡͻͷ͹ | | Total assets | | ̈́ͺͶ͸ǡͺ͹ʹ | | | | | | LIABILITIES AND MEMBER'S EQUITY | | | | ‹ƒ"‹Ž‹–‹‡•ǣ | | | | ……'—–•'ƒ›ƒ"އ | ̈́ | ͹ͷǡͻͳͺ | | 'ƒȋ'–‡͸Ȍ | |
ͻͲǡʹͷ͵ | | ‡ˆ‡""‡†"‡˜‡—‡ | |
ͳͲͲǡͲͲͲ | | —‡–'"‡Žƒ–‡†'ƒ"–‹‡•ȋ'–‡ͶȌ | |
ͳ͵ǡͶͶ͹ | | Total liabilities | | ʹ͹ͻǡ͸ͳͺ | | '‹–‡–ƒ†'–‡‰‡…‹‡•ȋ'–‡ͷȌ | | | | ‡"‡"̵•‡"—‹–› | | ͷ͸͹ǡʹͷͶ | | Total liabilities and member's equity | | ̈́ͺͶ͸ǡͺ͹ʹ | {6}------------------------------------------------ #### 1. Organization and Significant Accounting Policies #### Organization and business ǡ ȋ ̶̶Ȍ ʹͳǡ ʹͲͲͺǤ Ǥ ǤǤȋDzdzȌ ͳͻ͵Ͷ ǡ Ǥ ȋ̶ ̶ȌǤ ǡ ȋ DzdzȌǤ ǡ ǡȋDzdzȌǤ ### Revenue recognition Ǥ Ǥ Ǥ Ǥ ʹͲͳͶǦͲͻǡ Dz dz ȋDz ͲdzȌ ǡ ǡ Ǥǡǡ Ǥ Ǥ Ǥ ǯ Ǥ ȋǤǤǡ Dz dzȌǤ ǡ ǡǡǤ {7}------------------------------------------------ ### LIVINGSTON SECURITIES, LLC NOTES TO THE FINANCIAL STATEMENT DECEMBER 31, 2020 # 1. Organization and Significant Accounting Policies (con't) #### Agreement with clearing broker ͳͷ͵Ǧ͵ ȋȌȋʹȌȋȌ ͳͷ͵Ǧ͵ Ǥ Ǥǡ Ǥ ǯ ǡ ͳǦ͵ͳǦͶ ͳͻ͵Ͷǡ ȋ DzdzȌǤ ǡ ǯ Ǥ #### Cash and cash equivalents ǡ Ǥ #### Estimates Ǥ Ǥ #### Income Taxes ǯ Ǥ {8}------------------------------------------------ ### LIVINGSTON SECURITIES, LLC NOTES TO THE FINANCIAL STATEMENT DECEMBER 31, 2020 ### 1. Organization and Significant Accounting Policies (con't) #### Income Taxes (con't) Ǥ ǡ Ǥ ǤǤǡ ǤǤ Ǥ ʹͲͳǤ Ǥ Ǧ Ǥ ǡ ǯ ǡǡǦ ǡǤ ǡ Ǥ ͵ͳǡʹͲʹͲǤ #### Furniture and equipment Ǥ #### Basis of Accounting and Trading and Valuation of Securities ͺʹͲ Ȃ ȋDzͺʹͲdzȌǤͺʹͲǡ ȋǤǤǡ Dz dzȌǤ ǡ Ǥ ͺʹͲ Ǥ {9}------------------------------------------------ # 1. Organization and Significant Accounting Policies (con't) ### Basis of Accounting and Trading and Valuation of Securities(continued) Ǥ ǯ Ǥ ǣ ͳ Ȃ Ǥ ͳ Ǥ ǡ Ǥ ʹȂ ǤǤ ͵Ȃ Ǥ #### 2. Fair Value of Financial Instruments ǤǤ ǣ ͳǤ ʹǤ ͵ ̈́Ͷ͵ǡʹͳͲ Ǧ Dzdz Ǥ ǡ ͳ Ǥ {10}------------------------------------------------ ### LIVINGSTON SECURITIES, LLC NOTES TO THE FINANCIAL STATEMENT DECEMBER 31, 2020 #### 3. Net Capital Requirements ͳͷ͵Ǧͳͳͻ͵Ͷǡ ǡ Ǥ͵ͳǡʹͲʹͲǡ̈́ͳͳʹǡͶ͵ͻ ̈́ͳͲͲǡͲͲͲǤǯȋ ȌͲǤͻͳǤͳͷ͵Ǧͳǡǯ ͳͷͳǤ #### 4. Commitments and Related Party Transactions Ǥ ͻͲΨ ǡ Ǥ̈́ͶǡͲ͵ͻ ͵ͳǡʹͲʹͲǤ ̈́ͳǡͳͳͳ ̈́ͳ͵ǡͶͶ͵ͳǡʹͲʹͲǤ ̈́ͷ͵ͷǡͲͲͲ ʹͲʹͲǤ #### 5. Financial Instruments, Off-Balance Sheet Risk and Contingencies ǡ ǯ ǡ ǡ ǡ Ǥ Ǧ Ǥ ǡ ǯ Ǥ Ǥ Ǥ ǯ ǡ ǡ ǡ ǡ ǡǡǡ Ǧ Ǥ Ǥ ǡ ȋDz dzȌǤ {11}------------------------------------------------ # **Ǥ** Recent Account Pronouncements *Paycheck Protection Program (PPP) Loans* ̈́ͻͲǡʹͷ͵ ȋDzdzȌǡʹͲʹͲǤǡ ǡȋDzdzȌǡ ʹǤͷ Ǥ ǡǡǡǡǤ ǦǤ ͳΨǡ Ǥ͵ͳǡʹͲʹͲǡ ǡ ǡʹͲʹͳǤ # *Leases* ʹͲͳǡ ȋȌ ʹͲͳǦͲʹǡ Dz ȋ ͺͶʹȌdzǤ Ȃ Ǥ Ǥ ǡ ǡ Ǥ ǯ͵ͳǡʹͲʹͲǤ # **Ǥ** Subsequent Events Ǥ ȀǤ ͵ͳǡ ʹͲʹͲǡ ǯ ͳʹͲΨ Ǥ ʹʹǡʹͲʹͳ ͳ͵ǡ ʹͲʹͳ ̈́ͳͲͲǡͲͲͲǤ Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.