# MOODY SECURITIES, LLC X-17A-5 (2026-03-31) — Broker-dealer annual report - Company: MOODY SECURITIES, LLC - Form: X-17A-5 - Filed: 2026-03-31 - Period: 2025-12-31 - Accession: 0001448683-26-000001 - CIK: 1448683 - File #: 8-68069 - Type: Broker-dealer - Material weakness: No - Auditor: Goldman & Company, CPA's, P.C. - Auditor location: Marietta, GA - Contact: Robert Engel - Phone: 713-977-7500 - Email: rengel@moodysecurities.com - Website: moodysecurities.com - Signed by: Robert Engel (CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1448683/000144868326000001/moodyaudit2.pdf --- {0}------------------------------------------------ # MOODY SECURITIES, LLC # FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION REQUIRED BY SEC RULE 17 A-5 DECEMBER 31, 2025 {1}------------------------------------------------ # **TABLE OF CONTENTS MOODY SECURITIES, LLC December 31, 2025** | Annual Audited Rep01t Form X-17 A-5 Part Ill Facing Page | | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----| | Report of Independent Registered Public Accounting Firm on Financial Statements | 3 | | Statement of Financial Condition | 5 | | Statement of Operations | 6 | | Statement of Changes in Member's Equity | 7 | | Statement of Cash Flows | 8 | | Notes to Financial Statements | 9 | | Supplemental Information: | | | Schedule I: Net Capital Computation Under Rule 15c3-1 of the
Securities and Exchange Commission | 15 | | Schedule II:
Computation for Determination of Reserve Requirements Under Rule 15c3-3 of the
Securities and Exchange Commission
Information Relating to the Possession or Control Requirements Under Rule 15c3-3 of
the Securities and Exchange Commission | 16 | | Report of Independent Registered Public Accounting Firm on Exemption Rep01t | 17 | | Exemption Report | 18 | | | | {2}------------------------------------------------ UNITED STATES SE(:URITIES AND EXCHANGE COMMISSION Washington, 0.(:. 20549 ANNUAL REPORTS FORM X-17A-5 PART Ill FACING PAGE f'IIIAR ----· 0MB Number. 3235--0123 Expires: Nov. 30, 2026 Estimated awrage bw:den hours per response: 12 SEC FILE NUMBER 8-68069 Information Required Pursuant to Rules 17a-S, 17a-12, and lBa-7 under the Securities Exchange Act of 1934 FILING FOR THE PERIOD BEGINNING O 1/01/2025 MM/DD/VY AND ENDING **12/31/2025** MM/DD/YV A. REGISTRANT IDENTIFICATION NAMEoFFIRM: Moody Securities, LLC lYPE OF REGISTRANT (check all applicable boxes): @ Broker-dealer D Security-based swap dealer □ Major security-based swap participant D Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use **a P** .0. box no.) 9655 Katy Freeway, Suite 600 (No. and Street) Houston Texas 77024 (City) (State) (Zip Code) **PERSON** TO CONTACT WITH REGARD TO THIS FILING Robert Engel 713-977-7500 rengel@moodysecurities.com (Name} (Area Code -Telephone Number) (Email Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing• Goldman & Company, CPA's, P.C. (Name- if individual, state last, first, and middle name) 3535 Rosewell Road, Suite 32 Marietta Georgia 30062 (Address) (City) (State) IZii> code} 06/25/2009 1952 (Date of Re 'stration with PCA0B If a licable PCA0B Re istratlon Number lfa ·1cabte **FOR OFFIOAL USE ONLY** • Oalms for exemption from the requirement that the annual reports be covered by the reports of an independent public acco\_untant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-S(e)(1)(11), if applicable. Persons who are to respond to the colle~n of Information contained In thl1 form are not required to respond unleu the form displays a currently valld 0MB ccntrcil number. {3}------------------------------------------------ #### OATH OR AFFIRMATION I, Robert Engel swear (or affirm) that, to the best of my knowledge and belief, the fina ncial re port pertaining to the firm of Moody Securities. LLC as of December 31 2~ is true and correct. rfurther swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, a~ the case may be, has any proprietary interest in any account classified solely as that of a customer. Signaturpµ **CJ'** Title : **CFO** **This filing.,. contains (check all applicable boxes):** - Iii (a) Statement of rinancial condition. - 0 (b) **Notes** to consolidated statement of financial condition. - ~(c) Statement of income (loss) or, ii there is otllf;'r ~ornprehensive income in tile pcriod(s) presented, a statement of comprehensive income (as defiried in§ 210.1-0) ofReg11l,1tion S-X). - **!!I** (d) Statement of cash flows. - **!!I** (e) Statement of changes in stockholders' or partners' m ~ole proprietor's equily. - D (f) Statement of changes in liabilities subordinated lo d;1iins of creditors. - **!!I** (Bl Notes to consolidated financial statements. - **!!!I** (h) Computation of net capital under 17 CFR 240.1~,r:3 1 or 17 cm 740.H:;i-1, as ;1pplic;ible. - 0 (i} Computation of tangible nel worlh under 17 CTH 240.18a-2. - ~0) Computation for determination or customer r e~erve requirements pursuant to Exhibil 1\ to 17 cm 240.15c3-3. - D (kl Computation for determination of security b::ised swJp resen,c requirements pursu;1nt to Fxhil.Jit B to l7 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18.i-4, ;is applic.ible. - D (I) Computation for Determination of PAB Requirements undct Exhibit A to§ 240.15c3-3. - **ii** (m) Information relating to possession or control requirr!ments for n1,torners under 17 cm 240J 5t3-3. - D (n) Information relatine to possession or rnntrol requirements for sewrity-based swap rnstomcrs under 17 CFR 240.15c3-3(p}(2) or 17 crn 240.18:i-4, as applicable. - **ii** (o) Reconciliations, including aµpropriale explanJtions, of the F(J(US Report with computation of nel capital or langible net worth under 17 CFH 240.15c3-1, 17 CFR 2'10.18,1-1 . or 17 CTR 2.'10.18a-2, JS applicable, and the reserve I equirements under 17 CFR 240.1Sc:3-3 or 17 CFR 240.1/la-4, a!. applicalJle, if rn.ilPrial diffe1e11ce~ exist, 01 ;i statement that no material differences exist. - D (p) summary of financial data for subsidiaries not consolid,1ted in the statement of financial condition. - ~ (q) Oath or affirmation in accordance with 17 cr-R 240.17a-S, 17 er-A 240.:17a -12, or 17 crn 240.18a-7, as applicable. - D (r) Compliance reporl in accordance with 17 UH 2.40.l /a-5 ()J 17cm 240.18a-7, as applicable. - **!!!I** (s) Exemption report in accordance with 17 CFR 240.17a -5 or 17 CFR 2'10.18a-7, as applic,1ble. - 0 (t) Independent public accountant's report based on an examination of the statement of financial condition. - **l!i!i** (u) Independent public accountant's report based on an cxamin,1lion of the financial report or financial statements under 17 crn 240.17a-5, 17 CFH 240.18a-7, or 17 CFH 240.17a -12, as appl'rr;ible. - D (v) Independent public accountant's report based on an ex,1mination of cert.iin statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 21l0.18a -7, as applicable. - **ii** (w) Independent public accountant's report based on a review of the exemplion report unde1 17 CFR 240.17a-S or 17 CFR 240.18a-7, as applicable. - Ii!!! (xi Supplemental reports on applyinc acrced-opon proct·dures. in accordance with 17 cm 7.-10.15c3-1e or 17 CFR 240.17.1-12, as applicable. - D (y) Report describing any material inadequacies found to exist or found to have existed ;ince the date of the previous audit, or a statement that no material inadequackis exist, under 17 cm 240.17a-12(k). D (z) Other: \_\_\_\_ \_\_\_\_\_\_\_ -·- \_ \_ \_\_\_\_\_ ··-- ·· "· \_\_\_ .. --- -- --- - ·--- --------- - 0 To request confidential lreolmenl of ce,toin porl/011.1 of tfiis filinr,, see 17 CFR 240.J la-S(eJ(J) or 17 CFR 240.1Ba-7(d){2), as applicable. {4}------------------------------------------------ #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member and Management of Moody Securities, LLC #### **Opinion on Uie inancinl Statements** We have audited the accompanying statement of financial condition of Moody Securities, LLC as of December 31, 2025, the related statements of operations, changes in member's equity and cash flows for the year ended December 31, 2025 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 Moody Securities, LLC as of December 31, 2025, 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 Moody Securities, LLC's management. Our responsibility is to express an opinion on Moody Securities, LLC'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. #### Aud itor's Report on Supplemental Information The schedule's I -Net Capital Computation Under Rule 15c3-l of the Securities and Exchange Commission and II- Computation for Determination of Reserve Requirements under Rule 15c3-3 of the Securities and Exchange Commission and Information Relating to the Possession or Control Requirements under Rule l 5c3- 3 of the Securities and Exchange Commission have been subjected to audit procedures performed in conjunction with the audit of Moody Securities, LLC's financial statements. The supplemental information is the responsibility of Moody Securities, LLC's management. Our audit procedures included determining whether the supplemental infonnation reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the infonnation presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F .R. §240 .17 a-5. In our opinion, the schedule's I and II 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 2024. Goldman & Company, CPA's, P.C. Marietta, Georgia March 30, 2026 {5}------------------------------------------------ # **STATEMENT OF FINANCIAL CONDITION MOODY SECURITIES, LLC December 31, 2025** #### **Assets** | Cash and cash equivalents
Prepaid expenses | \$
382,506
203,220 | |---------------------------------------------------------------------|--------------------------| | Total Assets | \$
585,726 | | Liabilities and Member's Equity | | | Accounts payable and accrued expenses
Due to other broker dealer | \$
173,886
31,500 | | Total liabilities | 205,386 | | Member's equity | 380,340 | | Total Liabilities and Member's Equity | \$
585,726 | {6}------------------------------------------------ # **STATEMENT OF OPERATIONS MOODY SECURITIES, LLC Year ended December 31, 2025** | Revenues -
commissions -
Private Placement Fees | 6,141,452
\$ | |-------------------------------------------------------|-----------------| | Operating expenses: | | | Commissions | 5,337,122 | | General and administrative | 879,131 | | Management fees | 120,000 | | Registration and filing fees | 36,118 | | Legal and professional fees | 123,623 | | Payroll and related taxes | l 887,118 | | Total operating expenses | 8,383,112 | | Net loss | \$ (2,241,660) | {7}------------------------------------------------ # **STATEMENT OF CHANGES IN MEMBER'S EQUITY MOODY SECURITIES, LLC Year ended December 31, 2025** | | Total
Member's
Equity | |------------------------------|-----------------------------| | Balance at January 1, 2025 | \$
316 776 | | Member cash contributions | 2 305.224 | | Net loss | (2,241
0) | | Balance at December 31, 2025 | 380, 40
\$ | {8}------------------------------------------------ # **STATEMENT OF CASH FLOWS MOODY SECURITIES, LLC Year ended December 31, 2025** | Cash flows from operating activities: | | |-----------------------------------------------------------------------------|-------------------| | Net loss | \$
(2,241,660) | | Adjustments to reconcile net loss to net cash used in operating activities: | | | Changes in operating assets and liabilities: | | | Prepaid expenses | (46,726) | | Accounts payable and accrued expenses | 18,677 | | Due to other broker dealers | 3.500 | | Net cash used in operating activities | (2,266.209) | | Cash flows from financing activities:
Member cash contributions | 2,305,224 | | Net cash provided by financing activities | 2_,3 05224 | | Net increase in cash and cash equivalents | 39,015 | | beginning of year
Cash and cash equivalents - | 343 491 | | end of year
Cash and cash equivalents - | \$
382,506 | {9}------------------------------------------------ # Note 1 - General information and summaiy of significant accounting policies: Moody Securities, LLC (the "Company") was formed on September 21, 2007, as a Delaware Limited Liability Company for the purpose of providing financial services primarily to entities related to its sole member. The Company is a broker-dealer of securities under the Securities Exchange Act of 1934 and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company is a dealer manager for four private funds as detailed below. The Company is the dealer manager for Moody Village Towers DST's ("Village Towers DST") offering of beneficial ownership interests. The Company receives a selling commission of up to 6.0% of purchase price of beneficial interests sold in Village Towers DST's offering, all or a portion of which could be re-allowed to participating broker-dealers. In addition, Village Towers DST pays the Company a non-accountable marketing and due diligence allowance equal to 1.0% of purchase price of beneficial interests sold in Village Towers DST's offering, a portion of which could be re-allowed to participating broker-dealers. The Company also receives a placement fee equal to 1.0% of purchase price of beneficial interests sold in Village Towers DST's offering. The Company may sell beneficial ownership interests in Village Towers DST as a selling group member, thereby becoming entitled to selling commissions. The total aggregate amount of selling commissions, allowances, and placement fees will not exceed 8.0% of purchase price of beneficial interests sold in Village Towers DST's offering. The Company is the dealer manager for Moody 77024 Multi-Family DST's ("77024 DST") offering of beneficial ownership interests. The Company receives a selling commission ofup to 6.0% of purchase price of beneficial interests sold in 77024 DST's offering, all or a portion of which could be re-allowed to participating brokerdealers. In addition, 77024 DST pays the Company a non-accountable marketing and due diligence allowance equal to 1.0% of purchase price of beneficial interests sold in 77024 DST' s offering, a portion of which could be re-allowed to participating brokerdealers. The Company also receives a placement fee equal to 1.0% of purchase price of beneficial interests sold in 77024 DST's offering. The Company may sell beneficial ownership interests in 77024 DST as a selling group member, thereby becoming entitled to selling commissions. The total aggregate amount of selling commissions, allowances, and placement fees will not exceed 8.0% of purchase price of beneficial interests sold in 77024 DST's offering. {10}------------------------------------------------ ## Note 1 - General information and summa1y of significant accounting polici s - ontinued #### Desc,ripliol] ofbusmess - c.aJ)tinued The Company is the dealer manager for Moody Med Center 1 DST' s ("Med Center 1 DST") offering of beneficial ownership interests. The Company receives a selling commission ofup to 6.0% of purchase price of beneficial interests sold in Med Center 1 DST's offering, all or a portion of which could be re-allowed to participating brokerdealers. In addition, Med Center 1 DST pays the Company a non-accountable marketing and due diligence allowance equal to 1.0% of purchase price of beneficial interests sold in Med Center 1 DST's offering, a portion of which could be re-allowed to participating broker-dealers. The Company also receives a placement fee equal to 1.0% of purchase price of beneficial interests sold in Med Center 1 DST's offering. The Company may sell beneficial ownership interests in Med Center 1 DST as a selling group member, thereby becoming entitled to selling commissions. The total aggregate amount of selling commissions, allowances, and placement fees will not exceed 8.0% of purchase price of beneficial interests sold in Med Center **1** DST's offering. The Company is the dealer manager for Moody National Financial Fund III, LLC's ("Financial Fund III, LLC") offering oflimited liability company units. The Company receives a selling commission of up to 6.0% of purchase price of limited liability company units sold in Financial Fund III, LLC's offering, all or a portion of which could be re-allowed to participating broker-dealers. In addition, Financial Fund III, LLC pays the Company a non-accountable marketing and due diligence allowance equal to 1.0% of purchase price oflimited liability company units sold in Financial Fund III, LLC's offering, a portion of which could be re-allowed to participating broker-dealers. The Company also receives a placement fee equal to 0.5% of purchase price of limited liability company units sold in Financial Fund III, LLC's offering. The Company may sell limited liability company units in Financial Fund III, LLC as a selling group member, thereby becoming entitled to selling commissions. The total aggregate amount of selling commissions, allowances, and placement fees will not exceed 7.5% of purchase price oflimited liability company units sold in Financial Fund III, LLC's offering. ## Ba:ls of presentation The Company has adopted the Financial Accounting Standards Board ("FASB") Codification ("Codification"). The Codification is the single official source of authoritative accounting principles generally accepted in the United States of America (U.S. GAAP) recognized by the FASB to be applied by nongovernmental entities. All of the Codification's content carries the same level of authority. The Company is evaluating accounting standards and will implement as required. {11}------------------------------------------------ # Note 1 - General information and summaty of significant ac onnling po licies - continued # Use of estimates The preparation of financial statements in conformity with U.S. GAAP 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 rep011ed amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. #### Income taxes The Company was formed as a limited liability company and is treated as a sole proprietorship for federal income tax purposes. The earnings and losses of the Company are included in the member's income tax return. Consequently, the Company's income or loss is presented without a provision for federal and state income taxes. The Company's income or loss is allocated to the member in accordance with the organizational agreement. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authority, based on the technical merits of the position. The Company does not file composite state income tax retw-ns. All federal and state income tax positions taken or anticipated to be taken in the income tax returns are attributable to the member and not to the Company. As of December 31, 2025, there are no known items which would result in a material accrual related to where the Company has federal or state attributable tax positions. {12}------------------------------------------------ # Note 1 - General information and sw11ma1y of siirni-ficant accounting policies - continued ## Single Entity Segment The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of wholesaling services to other broker-dealers. The Company has identified its President as the chief operating decision maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 5), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay dividends. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. The company derived 81 percent of its total revenues from a single external customer in 2025. The Company defines cash and cash equivalents as highly liquid investments with original maturities of less than 90 days. #### Revenue re oirnition policy All of the Company's revenues are considered to be revenues from contracts with customers. The Company does not have customer accounts receivable or obligations for warranties, returns or refunds to customers. The Company does not have revenue recognized from performance obligations that were satisfied in prior periods, and the Company does not have any transaction price allocated to unsatisfied performance obligations. No judgements or estimates are necessary in the identification and timing of satisfaction of performance obligations and the related allocation of transaction price. The Company believes that the Company's recognized revenue represents a faithful depiction of the transfer of services to the Company's customers. The Company earns revenue through various investment banking activities primarily as an advisor in services related to debt and equity securities offerings through subscriptions agreements. Commissions and management fee revenues are a percentage of funds invested as detailed in Note 1 and are generally earned and recognized only upon satisfaction of the performance obligation. The performance obligation is deemed to be satisfied when the investor's funds are received by the issuer and all other terms of the subscription agreement have been met. {13}------------------------------------------------ # Note 1 - General information and summaiy of sign ificant accounting policies - continued # Financial instruments and credit risk The financial instrument which potentially subjects the Company to credit risk is cash. The Company maintains its cash with a major domestic bank. From time to time, cash may exceed federally insured limits. The Company has not incurred losses related to these deposits. #### Fair value of financial instruments The Company's financial instruments consist of cash. The carrying amount of cash approximates fair value because of the short-term nature of this item. ## Note 2 - f{ ,Jated party lTa:nsacti,ons: Effective January 1, 2016, the Company entered into an office and administrative services agreement with a Company affiliated with its sole member through common ownership structured in accordance with the broker-dealer expense rep01ting provisions established by the U.S. Securities and Exchange Commission ("SEC"). On July **1,** 2016, the Company entered into a new office and administrative services agreement with this Company affiliated with its sole member on the same terms and conditions as the January 1, 2016 agreement. The agreement automatically renews on an annual basis and includes furnishing of office space, supplies and equipment and facilitating the Company's payroll, insurance and employee benefits function. The Company paid \$120,000 in management fees to this affiliate during the year ended December 31, 2025. Effective January 1, 2016, the Company entered into a sublease agreement with an affiliate under common ownership to lease office space in Houston, Texas for \$1,000 per month. Total rent expense related to this agreement for the year ended December 31, 2025 was \$12,000. Effective January 1, 2025, the termination date was extended for an additional one year term from December 31, 2024 to December 31, 2025 and subsequently to December 31, 2026. The Company also reimbursed this affiliate during 2025 for approximately \$36,000 of direct expenses paid on the Company's behalf. {14}------------------------------------------------ # Note 3 - Concentrations The Company received all of its revenue of \$6,141,452 for the year ended December 31, 2025 from Village Towers DST, 77024 DST, Med Center 1 DST and Financial Fund III, LLC, related parties through common control. # Note 4 - Consulting agreement: During Januaiy 2009, the Company entered into a consulting services agreement with MGL Consulting Corporation ("MGL") to provide financial and regulat01y reporting services and FINRA compliance services. The agreement automatically renews on an annual basis until terminated by either party. The agreement includes a fixed monthly professional fee, plus additional professional fees regarding financial bookkeeping and regulatory compliance, which are billed based on MGL's fixed fee contract. Consulting fees incm1·ed to MGL were approximately \$99,000 for the year ended December 31, 2025. In accordance with Rule 15c3-1 of the SEC, the Company's aggregate indebtedness, as defined, shall not exceed 15 times its net capital. The Company must also maintain minimum net capital. As of December 31, 2025, the Company's net capital, as defined, of \$177,120 exceeded the required minimum of \$13,692 by \$163,428 and its ratio of aggregate indebtedness to net capital was 1.1596 to 1.0. # Note 6 - Subord inated liabilities: There were no liabilities subordinated to claims of general creditors at any time during the year. Therefore, the statement of changes in liabilities subordinated to claims of general creditors has not been presented for the year ended December 31, 2025. #### Nole 7 - Subseguenl events: Management has evaluated subsequent events as of March 30, 2026, which is the date that the financial statements were available for issuance, and has determined that there are no subsequent events to be reported. ## Note 8 - Going concern: To date, the Company has received its funding from contributions from its sole member and its continued existence, in the absence of adequate cash flows from operations or other sources, will be dependent on receiving continued support from its member. The Company's sole member is committed to funding operations for the next 24 months so that the Company can meet obligations and net capital requirements. {15}------------------------------------------------ # SUPPLEMENT AL INFORMATION {16}------------------------------------------------ # **SCHEDULE I: NET CAPITAL COMPUTATION UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION MOODY SECURITIES, LLC December 31, 2025** | Net capital requirement, the greater of:
I I I 5 of Aggregate I 11debtedness
Minimum Dollar Requirement | \$
13,692
5 000 | \$
13,692 | |------------------------------------------------------------------------------------------------------------------|-----------------------|--------------------------| | Net capital | | 177.120 | | Excess Net Capital: | | \$
163.428 | | Aggregate indebtedness | | \$
205,386 | | Excess net capital @ I 00%
(Net capital, less I 0% aggregate indebtedness) | | \$
156,581 | | Ratio of aggregate indebtedness to net capital | | 1.1596 to 1.0 | | Ratio of subordinated indebtedness to debt/equity total | | NIA | | 120% of required capital | | \$
16,430 | | Net capital in excess of 120% of required net capital | | \$
160.690 | | Total assets
Less - total liabilities | | \$
585,726
205,386 | | Net worth | | 380,340 | | Deductions from and/or charges to net worth:
Total non-allowable assets | \$
203,220 | | | Other deductions or charges | | | | Total deductions from net worth | | 203,220 | | Net capital before haircuts on securities positions | | 177.120 | | | | | | Haircuts on securities: | | | | Certificates of deposit and commercial paper | | | | U.S. and Canadian government obligations | | | | State and municipal government obligations | | | | Corporate obligations | | | | Stock and warrants | | | | Options
Arbitrage | | | | Other securities | | | | Undue concentration | | | | | | | | Net capital | | \$
177,120 | | Reconciliation with the Company's Computation (included in
Pait II of Form X-17A-5) as of December 31, 2025 : | | | | Net capital, as reported in the Company's Part II (unaudited): | | | | Focus Report | | \$
177.120 | | Audit adjustments: | | | | None | | | | Net capital, per above | | \$
177,120 | See independent auditor's report. {17}------------------------------------------------ # **COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION** The Company does not claim an exemption from SEA Rule l 5c3-3, in reliance on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issured by SEC staff. The Company does not (I) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers, and (3) does not carry PAB accounts. # **INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION** The Company does not claim an exemption from SEA Rule l 5c3-3, in reliance on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Company does not ( 1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not cany accounts of or for customers, and (3) does not carry PAB accounts. {18}------------------------------------------------ #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member and Management of Moody Securities, LLC We have reviewed management's statements for the year ended December 31, 2025, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (1) Moody Securities, LLC (the Company) did not claim an exemption under paragraph (k) of 17 C.F.R.-=-=~ §240.15c3-3, and (2) the Company is filing this Exemption Report relying 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 include (I) private placement. of ecurities. which includes (a) broker or dealer seUing tax helters or Limited partnerships in primary distributions; and (b) broker or dealer selling registered. non-listed Real Estate Investment Trusts {''REITs»). Moody Securities, LLC's management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about Moody Securities, LLC's compliance with the exemption provisions. 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 upon the Company's business activities contemplated by Footnote 74 of the SEC Release No. 34- 70073 adopting amendments to 17 C.F.R. § 240.l 7a-5, and related SEC Staff Frequently Asked Questions. Goldman & Company, CPA's, P.C. Marietta, Georgia March 3 0, 2026 {19}------------------------------------------------ ![](_page_19_Picture_0.jpeg) 9655 *:~~1t:,-* F10•~'/;f.y, Su;w 600 • l k•1.;~tQ·\ Ti::>,us 7702-~ Tei! F!C-(\: Sl'0-5tG 7248 • PhDnf:: ·r:~.(\_l/7.J5(iG EXEMPTION REPORT MOODY SECURITIES, LLC Year ended December 31, 2025 # 'ccuritks. L • s r::xcmntion R ·pod ~'1oody Securities. LLC (the ·'Company'·) is a registered brokl'r-dcalcr subject lo Ruic l 7a-5 promulgated by the Securities and l~xchange Commission ( 17 CY.R. §240. I 7a-5, "Rcpo11s to be made by certain brokers and dealers''). This Exemption Report was prepared as required by 17 C.F.R. §240. l 7a-5( d)( I) and ( 4 ). To the best of ils knowledge and belief. the Company states the fol lowing: (l) The Company docs not claim an exemption under paragraph (k) of 17 C.F.ll. § 240. l 5c3- 3, and (2) The Company is filing this Exemption Rqmrt relying on Footnote 74 or the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. 9 240. I 7a-5 because the Company limits its business activities exclusively to: (I) privntc placcrncnl Dfsccuritics, which includes (a) broker or dealer selling tax shelters or limited pa11ncrships in primary Jistributions: and (h) broker or dealer selling registered. non-listed Real Estate Invcstrnent Trusts ("RElTs'"), and the Company ( l) did not din.:ctly or indirectly rcc.:civc, hold. or otherwise owe funds or securities for or to customers. (other than money or other consideration received und promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule I 5c.:2-4 and/or funds received and promptly transmillcd for effecting trnnsactions via subscriptions on a subst.:ription way basis where the funds arc payable to the issuer or its agent and not to the Cornp,rny): (2) did not carry accounts of or for customers: and (3) did not carry PAl3 accounts (as defined in Ruic I 5c3-3) throughout the most recent fiscal year without exception. Moody Securities, I .I .C I, Robert Engel, aflirm that, to my best knowledge and bclicL this Exemption Report is true and correct. *Ph* 0 . *I( Q* Signature ~ - - ---- *\_ \_\_\_\_\_\_.\_C-t-f\_\_\_;;d;...\_\_ \_\_* -~-.. - Title January 29, 2026 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.