# PALAZZO SECURITIES LLC X-17A-5 (2026-03-03) — Broker-dealer annual report - Company: PALAZZO SECURITIES LLC - Form: X-17A-5 - Filed: 2026-03-03 - Period: 2025-12-31 - Accession: 0001511008-26-000002 - CIK: 1511008 - File #: 8-68792 - Type: Broker-dealer - Material weakness: No - Auditor: Alperin, Nebbia & Associates, CPA, PA - Auditor location: Fairfield, NJ - Contact: William E. Rankel - Phone: 917-225-2478 - Email: bill@finopsvcs.com - Website: finopsvcs.com - Signed by: Philip Palazzo (President) Original filing: https://www.sec.gov/Archives/edgar/data/1511008/000151100826000002/palazzoafspublic.pdf --- {0}------------------------------------------------ # **PALAZZO SECURITIES, LLC (S.E.C. NO. 8-68792)** # **Statement of Financial Condition December 31, 2025 and Independent Auditor's Report** This report is filed as a PUBLIC document in accordance with rule 17a-5(e)(3) under the Securities Exchange Act of 1934 {1}------------------------------------------------ UNITED STATES **SECURITIES AND EXC.HANGE COMMISSION** Washington, D.C. 20549 | ANNUAL REPORTS | |----------------| | FORM X-17A-5 | | PART Ill | | f'IMB APPROVAL | | |--------------------------|--| | 0MB Number: 3235-0123 | | | Expires: Nov. 30, 2026 | | | Estimated average burden | | | hours per response: 12 | | SEC FILE NUMBER 8-68792 **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 **O 1/01/2025** MM/OD/VY AND ENDING **12/31/2025 A. REGISTRANT IDENTIFICATION** NAME OF FtRM: Palazzo Securities, LLC TYPE OF REGISTRANT (check all applicable boxes): MM/OD/VY [!] Broker-dealer O Security-based swap dealer 0 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.O. box no.) 145 West 57th Street - 17th Floor (No. and Street) New York NY (City) (State) PERSON TO CONTACT WITH REGARD TO THIS FILING 10019 (Zip Code) William E Rankel 917 225 2478 bill@finopsvcs.com (Name) (Area Code - Telephone Number) (Email Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* Alperin, Nebbia & Associates, CPA, PA (Name - If individual, state last, flrst, and middle name) 375 Passaic Avenue Fairfield NJ (Address) (City) (State) 02/24/2009 3397 07004 (Zip Code) (Date of Registration with PCAOB)(lf applicable) (PCAOB Registration Number, if applicable) **FOR OFFICIAL USE ONLY** • Claims for exemption from the requirement that the annual reports be covered by the reports of an Independent public accountant must be supported by a statement of facts and circumstl!nces relied on as the basis of the exemption. See 17 CFR 240.17a-S(e)(l)(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 0MB control number. {2}------------------------------------------------ #### **OATH OR AFFIRMATION** | I, Philip Palazzo | swear (or affirm) that, to the best of my knowledge and belief, the | |--------------------------------------------------------------------|---------------------------------------------------------------------| | financial report pertaining to the firm of Palazzo Securttles, LLC | as of | 12/31 2~ is true and correct. I further swear (or affirm) that neither the company nor any 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. > IVAN VON HASSELL Notary Public. State of New York Reg. No. 01VO6432568 Qualified in Suffolk County Commission Expires May 2, 2026 Title: President Notary Public #### This filing\*\* contains (check all applicable boxes): - iii (a) Statement offinancial condition. - ii (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). - 0 (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.lBa-1, as applicable. - 0 (l) 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 240.1Sc3-3. - 0 (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.1Sc3-3 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. - (ml 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 capital or tangible net worth under 17 CFR 240.1Sc3-l, 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.lBa-4, as applicable, if material differences exist, ora statement that no material differences exist. - 0 (p} Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - Iii (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. - ii (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 report or 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-S 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.lBa-7, as applicable. - (x) Supplemental 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 exist or 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: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - - ••ro 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}------------------------------------------------ ![](_page_3_Picture_0.jpeg) 375 Passaic Avenue Suite 200 Fairfield, NJ 07004 973-808-8801 Fox 973-808-8804 #### **Report of Independent Registered Public Accounting Firm** To the Member of Palazzo Securities, LLC #### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Palazzo Securities, LLC (the "Company") as of December 31, 2025, the related notes and schedules (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 , 2025, in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion This 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 also included assessing 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. We have served as the Company's auditor since 2013. Alperin , Nebbia & Associates, CPA, PA ~' **~-r-~io** *.eP,9,* **PH** Fairfield, New Jersey February 18, 2026 {4}------------------------------------------------ # **Palazzo Securities, LLC Statement of Financial Condition December 31, 2025** | Assets | | |------------------------------------------------|---------------| | Cash and cash equivalents | \$
11,672 | | Accounts receivable | 197,902 | | Prepaid expenses | 2,398 | | Total assets | \$
211,972 | | Liabilities and Member's Equity
Liabilities | | | Commitments and contingencies | | | Member's equity | 211,972 | | Total liabilities and member's equity | \$
211,972 | See notes to statement of financial condition. {5}------------------------------------------------ # **Palazzo Securities, LLC Notes to Statement of Financial Condition December 31, 2025** # **Note 1- Organization** # Nature of Business Palazzo Securities, LLC (the "Company") is a New York limited liability company whose sole member is P A Palazzo LLC (the "Parent"), a New York limited liability company. The Company is registered as a broker-dealer with the Securities and Exchange Commission ("SEC") and the Financial Industry Regulatory Authority ("FINRA"). The Company is engaged primarily in providing financial advisory services to business entities ( and the buyers, investors and lenders to such entities) engaged in a variety of financial transactions. # **Note 2 - Summary of Significant Accounting Policies** # Basis of Presentation The accompanying financial statements of the Company have been prepared on the accrual basis of accounting. ## Use of Estimates The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingencies in the financial statements. Actual results could differ from the estimates included in the financial statements. ### Income Taxes The Company is not subject to federal income taxes. All taxable income (loss) and tax credits are reported on the tax returns of the Parent company. At December 31 , 2025, the Company has not recognized any contingencies in the financial statements related to uncertain tax positions. ### Subsequent Events Subsequent events were evaluated through February 18, 2026 which is the date the financial statements were available to be issued. ## **Note 3 - Concentration** The Company's cash balances are insured up to \$250,000 by the Federal Deposit Insurance Corporation (FDIC) which has resulted in instances in which balances have been in excess of such insurance coverage. ## **Note 4 - Related Party Transactions -Allocated Expenses** The Company and the Parent entered into administrative services agreements in a manner consistent with Securities and Exchange Commission (SEC) rules 15c3-17a-3, l 7a-4 and 17a-5 and other relevant SEC and FINRA regulations and interpretations, whereas the Parent agrees to pay certain of the administrative and other expenses relating to the operation of the Company and the Company will reimburse the Parent for such expenses. Under the current agreement, the Parent may forego payment from the Company and the Company may accept such debt forgiveness as additional capital contributions. {6}------------------------------------------------ **Palazzo Securities, LLC Notes to Statement of Financial Condition December 31, 2025** ## **Note 5 - Net Capital Requirements** The Company is subject to the SEC's Uniform Net Capital Rule (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. At December 31 , 2025, the Company had net capital of \$11 ,672 which was \$6,672 in excess of its required net capital of \$5,000. The percentage of aggregate indebtedness to net capital was 0.00% as it had no aggregate indebtedness. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.