# FOURBRIDGES SECURITIES, LLC X-17A-5 (2026-04-16) — Broker-dealer annual report - Company: FOURBRIDGES SECURITIES, LLC - Form: X-17A-5 - Filed: 2026-04-16 - Period: 2024-12-31 - Accession: 0001466695-26-000003 - CIK: 1466695 - File #: 8-68298 - Type: Broker-dealer - Material weakness: No - Auditor: Rodefer Moss & Company, PLLC - Auditor location: Knoxville, TN - Contact: Christopher Rowe - Phone: 423-266-4630 - Email: crowe@fourbridgescapital.com - Website: fourbridgescapital.com - Signed by: Christopher D Rowe (Chief Compliance Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1466695/000146669526000003/fbspublic2024.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 > ANNUAL REPORTS FORM X-17A-5 PART III omb approval OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 sec file number | | 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 01/01/2024 AND ENDING 12/31/2024 | | | | | | | | | | MM/DD/YY | | MM/DD/YY | | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | NAME OF FIRM: FourBridges Securities, LLC | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
■ Broker-dealer
□ Check here if respondent is also an OTC derivatives dealer | | | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | | 735 Broad Street, Suite 1204 | | | | | | | | | | (No. and Street) | | | | | | | | Chattanooga | TN | 37402 | | | | | | | (City) | (State) | | (Zip Code) | | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | | Chris Rowe | 423-266-4630
crowe@fourbridgescapital.com | | | | | | | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | | | Rodefer Moss & Company, PLLC | | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | | | | 608 Mabry Hood Road | Knoxville | | IN | 37932 | | | | | (Address) | (City) | | (State) | (Zip Code) | | | | | 11/05/2003 | | 910 | | | | | | | (PCAOB Registration Number, if applicable)
(Date of Registration with PCAOB)(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. {1}------------------------------------------------ #### OATH OR AFFIRMATION | Christopher D. Rowe | swear (or affirm) that, to the best of my knowledge and belief, the | |------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------| | tinancial report pertaining to the firm of FourBridges Securities, LLC | as of | | 12/31 | 2 024 is true and correct. I further swear (or affirm) that neither the company nor any | | | partner, officer, director, or equivalent person, as the ease may be, has any proprietary interest in any account classified solely | | as that of a customer. | | | | STATE | | | Signature/
OF | | | TENNESSEE
NOTARY | | | Title:
PUBLIC
Chief Compliance Officer | | | | | | | 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 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. - [] (i) Computation for determination of customer 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-2, 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 240.17a-5(e)(3) or 17 CFR 240.180-7(d)(2), as applicable. {2}------------------------------------------------ FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION DECEMBER 31, 2024 {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) ### Report of Independent Registered Public Accounting Firm To the Member of FourBridges Securities, LLC ### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of FourBridges Securities, LLC (the "Company") (a Tennessee corporation), as of December 31, 2024, the related statements of operations, changes in member's equity, and cash flows for the year then ended, 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, 2024, 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 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. ### **Auditors' Report on Supplemental Information** The Supplementary Information on page 10 has 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 determining whether the supplemental information 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 information 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. §240.17a-5. In our opinion, the Supplementary Information is fairly stated, in all material respects, in relation to the financial statements as a whole. Rodefer Moss & Co, PLLC We have served as FourBridges Securities' auditor since 2014. Knoxville, Tennessee March 27, 2025 {4}------------------------------------------------ ## STATEMENT OF FINANCIAL CONDITION ### DECEMBER 31, 2024 | ASSETS | | |---------------------------------------|--------------| | ASSETS
Cash | \$
57,341 | | Total assets | \$
57,341 | | LIABILITIES AND MEMBERS' EQUITY | | | LIABILITIES
Accounts payable | \$
4,400 | | Total liabilities | 4,400 | | MEMBER'S EQUITY | 52,941 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | \$
57,341 | {5}------------------------------------------------ ## NOTES TO FINANCIAL STATEMENTS ## DECEMBER 31, 2024 ### **NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** ### **Nature of Business** FourBridges Securities, LLC (the "Company") was formed under the laws of the state of Tennessee and began operations on March 25, 2009. The Company is engaged in the business of investment banking with an emphasis on providing clients with advisory services related to selling and/or acquiring businesses, obtaining financing and restructuring capital. ### **Basis of Presentation** The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP). They are presented on the accrual method of accounting, thus reflecting income earned regardless of when received and expenses incurred regardless of when paid. ### **Depreciation** Depreciation and amortization are provided using the straight-line method over the estimated useful lives of the depreciable assets. The estimated useful life of office equipment is generally five years. ### **Income Taxes** The Company files as a limited liability company for income tax purposes. The Company's net income is taxed at the member level rather than at the Company level, and thus no provision for income taxes has been made in the accompanying financial statement. ### **Uncertain Tax Positions** The Company recognizes and measures its unrecognized tax benefits in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740, *Income Taxes.* Under the guidance of FASB ASC 740, the Company assesses the likelihood, based on their technical merit, that tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. The measurement of unrecognized tax benefits is adjusted when new information is available, or when an event occurs that requires a change. (Continued) {6}------------------------------------------------ ## NOTES TO FINANCIAL STATEMENTS ## DECEMBER 31, 2024 ### **NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** (Continued) ### **Uncertain Tax Positions** (Continued) The Company has concluded that there are no significant uncertain tax positions requiring recognition or disclosure, and there are no material amounts of unrecognized tax benefits. There were no tax penalties or interest levied against the Company during the year. The Company's evaluation was performed for the tax years ended December 31, 2021 through December 31, 2024, for all tax jurisdictions. These are the years which remain subject to examination by major tax jurisdictions as of December 31, 2024. ### **Recognition of Income** On January 1, 2018, the Company adopted FASB ASC 606, *Revenue from Contracts with Customers*. Revenue for advisory and consulting arrangements is generally recognized at the point in time that performance under the arrangement is completed (the closing date of the transaction) or the contract is cancelled. In some circumstances, significant judgement is needed to determine the timing and measure of progress appropriate for revenue recognition under a specific contract. Retainers and other fees received from customers prior to recognizing revenue are reflected as contract liabilities. At December 31, 2024, the Company had no contract liabilities. The adoption of ASC 606 did not have a material impact on the company's financial statements as there were no adjustments to previously recorded amounts. The Company follows the five-step model provided by ASC Topic 606 in order to recognize its revenue in the following manner: 1) Identify the contract; 2) Identify the performance obligations of the contract; 3) Determine the transaction price of the contract; 4) Allocate the transaction price to the performance obligations; and, 5) Recognize revenue. There was no revenue from contracts with customers during 2024. ### **Cash and Cash Equivalents** For the purpose of the statement of cash flows, the Company considers all highly liquid investments with original maturities of less than ninety days to be cash equivalents. ### **Uses of Estimates** The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. ### **Advertising Costs** Advertising costs are expensed as incurred. There was no advertising expense for the year ended December 31, 2024. {7}------------------------------------------------ ### NOTES TO FINANCIAL STATEMENTS ### DECEMBER 31, 2024 ### **NOTE 2 – RELATED PARTY TRANSACTIONS** FourBridges Holdings, LLC, sole owner of FourBridges Securities, LLC, owns furniture and equipment with no book value at December 31, 2024, which is used by the Company during the regular course of their business at no charge. The Company has an expense sharing agreement with FourBridges Capital Advisors, LLC, an entity that is solely owned by FourBridges Holdings, LLC. From time to time FourBridges Capital Advisors, LLC pays certain expenses on behalf of FourBridges Securities, LLC under the expense sharing agreement. In 2024, an intercompany payable to FourBridges Capital Advisors, LLC in the amount of \$9,785 was forgiven and is recorded in other income on the statement of operations. ### **NOTE 3 – OFFICE EQUIPMENT** The major class of equipment and accumulated depreciation is as follows: | Office equipment | \$
6,987 | |-------------------------------|-------------| | Less accumulated depreciation | (6,987) | | Total | \$
- | Depreciation expense was \$0 for the year ended December 31, 2024. ### **NOTE 4 – CONCENTRATION OF CREDIT RISK** The Company maintains cash balances at Pinnacle Financial Partners located in Chattanooga, Tennessee, which is insured by the Federal Deposit Insurance Corporation on balances up to \$250,000. The cash balances fluctuate on a daily basis throughout the year and can exceed the insured amount. Management does not believe the Company is exposed to any undue risk on cash balances. ### **NOTE 5 – NET CAPITAL REQUIREMENTS** The Company is subject to the SEC Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1 (and the "applicable" exchange also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1). At December 31, 2024, the Company had net capital of \$52,941, which was \$47,941 in excess of its minimum dollar net capital requirement of \$5,000. The Company's net capital ratio was 0.0831 to 1. ### **NOTE 6 – SUBSEQUENT EVENTS** Management has evaluated events and transactions subsequent to the balance sheet date through March 28, 2025 (the date the financial statements were available to be issued) for potential recognition or disclosure in the financial statements. Management has not identified any items requiring recognition or disclosure. {8}------------------------------------------------ ### NOTES TO FINANCIAL STATEMENTS ### DECEMBER 31, 2024 #### **NOTE 7 – SEGMENT DISCLOSURES** The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services, including agency transactions, investment banking, and private placements. 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, 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. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.