Full text of BOREAL CAPITAL SECURITIES LLC's X-17A-5 filed 2026-03-09 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # **BOREAL CAPITAL SECURITIES LLC (A Wholly Owned Subsidiary of Boreal Capital Holdings USA, LLC)** Financial Statements Year Ended December 31, 2025 Confidential Treatment Requested {1}------------------------------------------------ {2}------------------------------------------------ - - - - - - - - - - - - - - - - - - - - - - - - - - - {3}------------------------------------------------ # **Boreal Capital Securities, LLC** **(A Wholly Owned Subsidiary of Boreal Capital Holdings USA, LLC)** **Year Ended December 31, 2025** | CONTENTS: | | |--------------------------------------------------------------------------------------------------------------------------------------------|--------------| | Report of Independent Registered Public Accounting Firm | 1 | | Financial Statements: | | | Statement of Financial Condition | 2 | | Statement of Income | 3 | | Statement of Changes in Member's<br>Equity | 4 | | Statement of Cash Flows | 5 | | Notes to the Financial Statements | 6<br>-<br>14 | | Supplemental Information: | | | Schedule I -<br>Computation of Net Capital under Rule 15c3-1<br>of the Securities and Exchange Commission | 16 | | Schedule II -<br>Computation for Determination of Reserve Requirements<br>Under Rule 15c3-3 of the Securities and Exchange Commission | 17 | | Schedule III –<br>Information related to Possession or Control Requirements<br>Under Rule 15c3-3 of the Securities and Exchange Commission | 18 | | Information regarding compliance with Rule 15c3-3: | | | Report on the<br>Independent Registered Public Accounting Firm on Exemption Report | 20 | | Exemption Report under Rule 17a-5(d)(4) of the Securities<br>and Exchange Commission | 21 | {4}------------------------------------------------  ### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member of **Boreal Capital Securities, LLC** #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of **Boreal Capital Securities, LLC** as of December 31, 2025, the related statements of income, changes in member's equity, and cash flows for the year then ended, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of **Boreal Capital Securities, LLC** as of December 31, 2025, and the results of its operati…Read the full text as markdown