# EAST WIND SECURITIES, LLC X-17A-5 (2025-02-28) — Broker-dealer annual report - Company: EAST WIND SECURITIES, LLC - Form: X-17A-5 - Filed: 2025-02-28 - Period: 2024-12-31 - Accession: 0001440654-25-000001 - CIK: 1440654 - File #: 8-67955 - Type: Broker-dealer - Material weakness: No - Auditor: Adeptus Partners, LLC - Auditor location: Ocean, NJ - Contact: Joshua Schwartz - Phone: 646-202-1510 - Email: ssinger@mavenstrategic.com - Website: mavenstrategic.com - Signed by: Joshua Schwartz (Managing Partner) Original filing: https://www.sec.gov/Archives/edgar/data/1440654/000144065425000001/eastwindpublic24.pdf --- {0}------------------------------------------------ EAST WIND SECURITIES, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2024 {1}------------------------------------------------ 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 SEC FILE NUMBER 8-67955 | | PART III | | | | |----------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------|--------------------------------------------|--| | | 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 01/01/24
12/31/24
AND ENDING | | | | | | | MM/DD/YY | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF FIRM: East Wind Securities, LLC | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
Check here if respondent is also an OTC derivatives dealer | Broker-dealer Security-based swap dealer Major security-based swap participant | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | 810 Seventh Avenue, 35th Floor | | | | | | | (No. and Street) | | | | | New York | NY | | 10019 | | | (City) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Steven Singer | 561-784-8922 | ssinger@mavenstrategic.com | | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | Adeptus Partners, LLC | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | 733 Route 35 N, Ste A | Ocean | NJ | | | | (Address) | (City) | (State) | (Zip Code) | | | 01/06/2010 | | 3686 | | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | | | FOR OFFICIAL USE ONLY | | | | | CFR 240.17a-5(e)(1)(ii), 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 | | | | 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. {2}------------------------------------------------ #### OATH OR AFFIRMATION. | swear (or affirm) that, to the best of my knowledge and belief, the
Joshua Schwartz | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | financial report pertaining to the firm of East Wind Securities, LLC
as of | | 2 024 is true and correct. I further swear (or affirm) that neither the company nor any
12/31 | | 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. | | | | Signature; | | | | tle:
STEPHANA THOMAS
Notary Public - State of New York
namik
NO. 01TH0008591
Qualified in Kings County | | My Commission Expires May 24, 2027
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). | | J (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. | | (j) 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. | | (I) 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) Süpplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 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 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. {3}------------------------------------------------ # EAST WIND SECURITIES, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2024 TABLE OF CONTENTS | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|-----| | Financial Statement | | | Statement of Financial Condition | | | Notes to Statement of Financial Condition | 3-5 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of East Wind Securities, LLC #### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of East Wind Securities, LLC as of December 31, 2024 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 East Wind Securities, LLC as of December 31, 2024 in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion This financial statement is the responsibility of East Wind Securities, LLC's management. Our responsibility is to express an opinion on East Wind Securities, LLC'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 East Wind Securities, LLC 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 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 East Wind Securities, LLC's auditor since 2017. Jericho, New York February 27, 2025 {5}------------------------------------------------ # EAST WIND SECURITIES, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2024 | S | 76,419 | |---|---------| | | 667,249 | | | 8,788 | | | | | S | 752,456 | | | | | | | | S | 480,557 | | | 480,557 | | | | | | 271,899 | | | | | | 752,456 | | | S | The accompanying notes are an integral part of this financial statement. {6}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`` a!#\$b\$!\$ccc\$bde\$c\$# # "'f)f,ghh,i(+)(& [>6.77@AB.3C23Q/0.06A630@FF23.372.K7@34202@32/B96/630648/23Q0>6.7798.KR./2/@F .77@83023Q23.77@94.376E20>.77@83023QB92372BK6/Q6369.KKC.776B064230>6]3206450.06/@F jklmnopqrsO5Otjjuvwxylzlml{ol|}rj~vlmlpz|lmmlzlm|}|ljoo}{|n{~|p{pm }nznop|n}{l|pnl|ln{p{onpjoo}{|n{~|p{pm}pmqrj~vwp|l .80>@920.02\6/@8976@F]O5OJJO f,gf+)'+f # [>6B96B.9.02@3@F0>6/0.06A630@FF23.372.K7@34202@323.77@94.376E20>]O5OJJ96^8296/ A.3.Q6A6300@A.I66/02A.06/.34.//8AB02@3/0>.0.FF6700>696B@9064.A@830/@F.//60/.34 K2.R2K2026/.3442/7K@/896@F7@3023Q630.//60/.34K2.R2K2026/.00>64.06@F0>6F23.372.K/0.06A630O J708.K96/8K0/7@8K442FF69F9@A0>@/66/02A.06/O # c'f [>6<@AB.3CA.230.23/20/7./>23R.3I46B@/20.77@830/E>27>:.002A6/:A.C6T7664F6469.KKC 23/8964K2A20/O[>6R.K.376/.9623/8964RC0>6Y6469.K6B@/20P3/89.376<@9B@9.02@3=YP23/89.376 K2A20/O[>6<@AB.3C7@3/2469/.KK>2Q>KCK2^82446R023/098A630/B897>./64E20>.A.08920C@F 0>966A@30>/@9K6//0@R67./>6^82\.K630/O[>6<@AB.3C>.43@7./>6^82\.K630/./@F 676AR69WU:LMLXO # \$(h,'f [>6<@AB.3C2/./23QK6SA6AR69K2A2064K2.R2K20C7@AB.3C0>.02/096.064./.42/96Q.946463020C F@9237@A60.TB89B@/6/:.34.77@9423QKC3@B9@\2/2@3>./R663A.46F@9237@A60.T6/OJKK B9@F20/.34K@//6/@F0>6<@AB.3CB.//0>9@8Q>0@0>6/@K6A6AR69Ol}kp{|p mlpmlmmlnll|l}kp{|p}n|n}{p{|lml|zm}k|l}lmp|n}{p{pp 96/8K0@F0>2/96\26E:0>6<@AB.3C>./46069A23640>696E6963@837690.230.TB@/202@3/O[>6 46069A23.02@32//8R6700@@3Q@23Q966\.K8.02@3R./64@3F.70/.3472978A/0.376/O[>6 <@AB.3CF2K6/237@A60.T960893/230>6]O5OF6469.K892/42702@3.34G6EH@9I50.06O[>6 <@AB.3C2/3@K@3Q69/8R6700@]O5OF6469.K:/0.06.34K@7.K6T.A23.02@3/RC0.T.80>@92026/F@9 0>6C6.9/B92@90@LMLUO {7}------------------------------------------------ # EAST WIND SECURITIES, LLC NOTES TO STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2024 ## Segment Reporting Effective January 1, 2024, the Company adopted the provisions of Accounting Standards Update 2023-07 Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures ("ASC 280″), that became effective for fiscal years beginning after December 15, 2023. Additional disclosures required by ASC 280 are provided in Note 6 - Segment Reporting. # NOTE 3 - ACCOUNTS RECEIVABLE AND RELATED CREDIT LOSSES The Company follows Accounting Standards Update ("ASU") 2016-13, Financial Instruments -Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("CECL"). For short-term accounts receivable, CECL requires an entity to estimate the credit losses expected to be incurred over the life of a financial asset based on historical experience, current conditions, and reasonable and supportable forecasted information. The Company then records the estimated expected credit losses using an allowance for credit losses, which is presented as a reduction to accounts receivable on the statement of financial condition. Subsequent changes in the estimated expected credit losses are reported in the respective period's earnings. Receivables are written off when they are determined to be uncollectible. As of January 1, 2024, accounts receivable was \$370,459 before the allowance for credit losses, and as of December 31, 2024, there were accounts receivable of \$1,360,599 before the allowance for credit losses. At January 1, 2024, the allowance for credit losses was \$223,350. At December 31, 2024, the allowance for credit losses was \$693,350. # NOTE 4 - RELATED PARTY TRANSACTIONS ### Expense Sharing Agreement The Company has an expense sharing agreement ("the Agreement") with East Wind Advisors, LLC ("EWA"), a New York limited liability company that is related by common ownership. Under the Agreement, the Company pays EWA monthly for rent and related expenses and certain other professional and operating expenses. The Agreement is reviewed no less than annually, and changes to allocated expenses, if any are updated accordingly. As of December 31, 2024, the Company had fully paid EWA for expenses incurred under the Agreement. ### Profit-Sharing EWA has a profit-sharing plan for its employees. On an annual basis, EWA performs an analysis to determine if any profit sharing is due to its employees. Once calculated, a portion of the profitsharing amount may be allocated to the Company. No amount was due to EWA as of December 31, 2024. {8}------------------------------------------------ # EAST WIND SECURITIES, LLC NOTES TO STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2024 ### NOTE 5 - NET CAPITAL REQUIREMENTS As a registered broker-dealer, the Company is subject to the Uniform Net Capital Rule of the Securities and Exchange Commission, which requires the maintenance of minimum net capital, as defined, equal to the greater of \$5,000 or 6-2/3% of aggregate indebtedness, as defined. At December 31, 2024, the Company's net capital was \$34,412, which exceeded requirements by \$2,375. The ratio of aggregate indebtedness to net capital was 14 to 1 at December 31, 2024, which resulted in the Company notifying to its regulators that its net capital was in "early warning", as net capital was approaching the maximum allowable ratio of 15 to 1. On January 2, 2025, the Company received payment for an outstanding receivable which lowered the Company's aggregate indebtedness and increased its net capital, reducing the ratio and alleviating the early warning status. ### NOTE 6 - SEGMENT REPORTING As indicated in Note 1, the Company provides financial advisory services to both US and foreign based companies, including mergers and acquisition-related services. The Company also acts as placement agent for equity and debt private placements on behalf of its clients. The Company's operations constitute a single operating segment and, therefore, a single reportable segment as defined by Accounting Standards Codification 280, as it conducts its business activities and reports financial results using information of the Company as a whole. The Managing Partner of the Company serves as Chief Operating Decision Maker, which 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. #### NOTE 7 - SUBSEQUENT EVENTS The Company has evaluated its subsequent events through the date that these financial statements were available to be issued on February 27, 2025. Except for the Company alleviating its early warning status related to its net capital requirements, as discussed in Note 5, there were no subsequent events requiring disclosure. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.