Full text of DFPG INVESTMENTS, LLC's X-17A-5 filed 2026-03-19 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # **DFPG INVESTMENTS, LLC** **SEC ANNUAL AUDITED REPORT FORM X-17A-5 PART III, FACING PAGE AND OATH OR AFFIRMATION AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM AND FINANCIAL STATEMENTS** **December 31, 2025** **PUBLIC FILING** {1}------------------------------------------------ # **DFPG INVESTMENTS, LLC** # **Table of Contents** | ANNUAL AUDITED REPORT FORM X-17A-5 PART III 1 | | |-------------------------------------------------------------------------------|--| | FORM X-17A-5 PART III 2 | | | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 3 | | | DFPG INVESTMENTS, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31,<br>2025 4 | | | NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 5 | | | Note 1 – Organization and Description of Business 5 | | | Note 2 – Summary of Significant Accounting Policies 5 | | | Note 3 – Commitments and Contingencies 8 | | | Note 4 – Notes Receivable 9 | | | Note 5 – Related Party Transactions 9 | | | Note 6 – Lease Commitments 10 | | | Note 7 – Concentrations of Risk 11 | | | Note 8 – Net Capital Requirements 11 | | | Note 9 – Outstanding Units and Ownership Positions 12 | | | Note 10 – Subsequent Events 12 | | | | | {2}------------------------------------------------ | UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549 | | | | OMB APPROVAL<br>OMB Number: 3235-0123<br>Expires: Nov. 30, 2026<br>Estimated average burden | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|----------------|-----------------|---------------------------------------------------------------------------------------------|--| | | ANNUAL REPORTS | | | hours per response: 12 | | | | FORM X-17A-5 | | SEC FILE NUMBER | | | | | | | | 8-68730 | | | | PARTII | | | | | | FACING PAGE<br>Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | | | | | FILING FOR THE PERIOD BEGINNING | 01/01/25 | AND ENDING | 12/31/25 | | | | | MM/DD/YY | | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | | NAME OFFIRM: DFPG Investments, LLC | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):<br>[] Broker-dealer Security-based swap dealer Major security-based swap participant<br>Check…Read the full text as markdown