# APOLLO GLOBAL SECURITIES, LLC X-17A-5 (2025-02-25) — Broker-dealer annual report - Company: APOLLO GLOBAL SECURITIES, LLC - Form: X-17A-5 - Filed: 2025-02-25 - Period: 2024-12-31 - Accession: 0001487801-25-000002 - CIK: 1487801 - File #: 8-68542 - Type: Broker-dealer - Material weakness: No - Auditor: Deloitte & Touche LLP - Auditor location: New York, NY - Contact: James McAuley - Phone: 917-286-5678 - Email: jmcauley@apollo.com - Website: apollo.com - Signed by: Johannes Worsoe and James McAuley (Chief Financial Officer and FINOP, respectively) Original filing: https://www.sec.gov/Archives/edgar/data/1487801/000148780125000002/agspubfin.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 AND ENDING 12/31/24 FILING FOR THE PERIOD BEGINNING 01/01/24 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: Apollo Global Securities, LLC TYPE OF REGISTRANT (check all applicable boxes): @ Broker-dealer | | Security-based swap dealer | | Major security-based swap participant Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | 9 West 57th Street | | |--------------------|--| |--------------------|--| | | (No. and Street) | | | | |----------------------------------------------|----------------------------------------------------------------------------|---------------------|------------|--| | New York | NY | | 10019-2701 | | | (City) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | James McAuley | 917-286-5678 | jmcauley@apollo.com | | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing * | | | | | Deloitte & Touche LLP | | | | | | | (Name - if individual, state ast, first, and middle name) | | | | | 30 Rockefeller Plaza | New York | NY | 10112-0015 | | | (Address) | (City) | (State) | (Zip Code) | | | 10/20/2003 | | 34 | | | (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. {1}------------------------------------------------ # (SEC I.D. NO. 8-68542) # STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2024 AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM \*\*\*\*\*\* Filed pursuant to Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. {2}------------------------------------------------ # **"!!!%'\$&% &!! & &%** ### **&56?>2<;>@0;:@.6:?05207.88.<<860./82/;C2?** | /I0 | 2 | )E2E6>6?E@7:?2?4:2=@?5:E:@? | | |-----|---|---------------------------------------------------------------------------------------------------------------|--| | /I0 | 3 | \$@E6DE@)E2E6>6?E@7:?2?4:2=@?5:E:@? | | | /0 | 4 | )E2E6>6?E@7%A6C2E:@?D | | | /0 | 5 | )E2E6>6?E@72D9=@HD | | | /0 | 6 | )E2E6>6?E@792?86D:?#6>36CPDBF:EJ | | | /0 | 7 | )E2E6>6?E@792?86D:?)F3@C5:?2E65":23:=:E:6D@C=2:>D | | | | | @76?6C2=C65:E@CD | | | /0 | 8 | \$@E6DE@:?2?4:2=)E2E6>6?E | | | /0 | 9 | @>AFE2E:@?@7\$6E2A:E2=7@CC@<6CD2?562=6CDAFCDF2?EE@ | | | | | (F=64
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< | | | /0 | K | %E96C | | **".42** {3}------------------------------------------------ ### AFFIRMATION We, Johannes Worsoe and James McAuley, swear (or affirm) that, to the best of our knowledge and belief, the financial report pertaining to the firm of Apollo Global Securities, LLC, as of and for the vear ended December 31, 2024, is true and correct. We further swear (or affirm) that neither the Company nor any partner, officer, director, or equivalent person, as the case may proprietary interest in any account classified solely as that of a customer. Johannes Worsoe, Chief Financial Officer James McAuley, FINOP Subscribed to before me this 25 the date of February2025 Notary Public Caleigh Wozniak Notary Public, State of New York Reg. No. 01WO6431827 Qualified in New York County Commission Expires April 18, 2026 {4}------------------------------------------------ **Deloitte & Touche LLP** 30 Rockefeller Plaza New York, NY 10112-0015 USA Tel: +1 212 492 4000 Fax: +1 212 489 1687 www.deloitte.com # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Managers and Member of Apollo Global Securities, LLC # Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Apollo Global Securities, LLC (the "Company") 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 the Company as of December 31, 2024, in conformity with accounting principles generally accepted in the United States of America. # Basis for Opinion The financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on this 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 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 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 statement. 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 statement. We believe that our audit of the financial statement provides a reasonable basis for our opinion. February 25, 2025 We have served as the Company's auditor since 2011. {5}------------------------------------------------ # APOLLO GLOBAL SECURITIES, LLC STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2024 | A SSIDEITS | | | |---------------------------------------------------------|-------|-------------| | Cash and cash equivalents | ਦਿੱਤਾ | 541,920,986 | | Trading Securities | | 21,200,702 | | Other assets | | 15,607,753 | | Receivables from related parties | | 12,502,293 | | Underwriting fees receivable | | 6,394,850 | | Due from clearing firm | | 1,998,895 | | TOTAL ASSETS | ਦਿੱਤੇ | 599,625,479 | | | | | | LIABILITIES AND MEMBER'S EQUITY | | | | LABILITIES | | | | Payable to related parties | ਦਿੱਤਾ | 24,126,478 | | Deferred revenue, accounts payable and accrued expenses | | 15,615,873 | | TOTAL LABILITIES | | 39,742,351 | | MEMBER'S EQUITY | | 559,883,128 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | ਉ | 599,625,479 | See accompanying notes to statement of financial condition. {6}------------------------------------------------ ### 1. ORGANIZATION Apollo Global Securities, LLC is a Delaware Limited Liability Company (the "Company" or "AGS") and a wholly-owned subsidiary of Apollo Management Holdings, LP (the "Parent"), a Delaware Limited Partnership. The Company was formed on March 3, 2010 and commenced business operations on March 30, 2011 when it was granted membership in Financial Industry Regulatory Authority ("FINRA"). Both the Company and the Parent are consolidated subsidiaries of Apollo Global Management, Inc. (the "Ultimate Parent," "Apollo," or "AGM"). The Company is a registered broker-dealer with the Securities and Exchange Commission ("SEC") and FINRA. The Company provides services relating to the placement of interests in private funds and partnerships, advice on merger and acquisition transactions, engages in underwriting on a firm commitment and best efforts basis, the resale of securities pursuant to Rule 144A under the Securities Act of 1933, participating in distributions of securities, acts as broker or dealer makets in mortgage backed securities and other asset backed securities. On July 17, 2024, the Company received approval from FINRA of its Continuing Membership Application (CMA) to conduct securities trading. The Company clears all customer trades on a fully disclosed basis through the Company's clearing firm Pershing LLC. ### つ SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation-The Statement of Financial Condition is prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), which require management to make estimates and assumptions including those regarding certain accrued liabilities. Management believes that the estimates utilized in the Statement of Financial Condition are reasonable and prudent. Actual results could differ materially from these estimates. Cash and Cash Equivalents-The Company considers all highly liquid short-term investments with original maturities of three months or less to be cash equivalents. Cash and cash equivalents include cash at financial institutions and money market funds. At times during the year, cash balances may exceed the insured limit. Due From Clearing Firm-The Company clears all securities transactions, other than Treasury Futures, with Pershing, LLC ("Pershing"). The Company clears all Treasury Futures with Goldman Sachs & Co LLC ("Goldman"). Receivables from brokers, dealers and clearing agencies of the deposits with the Company's clearing brokers to support the Company's securities. The receivables are short term in nature. Trading securities-The Company generally classifies its investments in debt and equity securities (including Mortgage-backed securities, Asset-backed securities and U.S. Treasury futures) as trading securities. 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