# ARCADIA SECURITIES, LLC X-17A-5 (2024-02-27) — Broker-dealer annual report - Company: ARCADIA SECURITIES, LLC - Form: X-17A-5 - Filed: 2024-02-27 - Period: 2023-12-31 - Accession: 0001537999-24-000002 - CIK: 1053731 - File #: 8-50764 - Type: Broker-dealer - Material weakness: No - Auditor: Weisberg, Mole', Krantz & Goldfarb, LLP - Auditor location: Woodbury, NY - Contact: Thomas Kikis - Phone: 212 231 4103 - Email: tkikis@arcadiasecurities.com - Website: arcadiasecurities.com - Signed by: Thomas Kikis (President) Original filing: https://www.sec.gov/Archives/edgar/data/1053731/000153799924000002/arcpublic.pdf --- {0}------------------------------------------------ # ARCADIA SECURITIES, LLC (A Limited Liability Company) STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2023 {1}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** > **ANNUAL REPORTS FORM X-17A-5** 0MB APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 **PART** Ill SEC FILE NUMBER **8-50764** | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | FACING PAGE | | | | | | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------|------|------------------------------|-----------------------------------------------|--|--| | FILING FOR THE PERIOD BEGINNING O 1/01/2023 | | | | AND ENDING 12/31/2023 | | | | | MM/DD/YY | | MM/DD/YY | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | NAME oF FIRM: _A_r_c_a_d_ia_S_e_c_u_ri_ti_e_s_L_L_C | | | | ____________
_ | | | | TYPE OF REGISTRANT {check all applicable boxes}:
C!l Broker-dealer
□ Security-based swap dealer
D Check here if respondent is also an OTC derivatives dealer | | | | □ Major security-based swap participant | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | 1370 Avenue of the Americas 29th floor | | | | | | | | | (No. and Street) | | | | | | | New York | NY | | 10019 | | | | | (City) | (State) | | (Zip Code) | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | Thomas Kikis | 212 231 4103 | | tkikis@arcadiasecurities.com | | | | | (Name) | (Area Code -Telephone Number) | | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | | Weisberg, Mole', Krantz & Goldfarb, LLP | | | | | | | | 185 Crossways Park Drive | (Name - if individual, state last, first, and middle name)
Woodbury | | NY | 11797 | | | | (Address) | (City) | | (State) | (Zip Code} | | | | 12-14-2004 | | 2107 | | | | | | l"
of Regimatio, with PCAOBl(if applicable) | | | | {PCAOB Registcatio, N ,mbec, if apPlicable JI | | | | | 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 circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(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** | 1, Thomas Kikis | swear (or affirm) that, to the best of my knowledge and belief, the | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------| | financial report pertaining to the firm of | as of
Arcadia Securities LLC | | ~
12/31 | 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 custorAt:!T;'. _________ __ _____ ·····--·- | | | •
BASIL ~~-;;STAKOS • •
Notary Public, State of New York
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I | Notary Public #### **This filing\*\* contains (check all applicable boxes):** - **iii!!I** (a) Statement of financial condition. - **iii** (b) Notes to consolidated statement of financial condition. - D (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). - D (d) Statement of cash flows. - D (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors. - D (g) Notes to consolidated financial statements. - D (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-l, as applicable. - D (i) Computation of tangible net worth under 17 CFR 240.18a-2. - D (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - D (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. - D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - D (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - D (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. - D (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-l, 17 CFR 240.18a-l, 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. - D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - **iii!!I** (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. - D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - **iii** (t) Independent public accountant's report based on an examination of the statement of financial condition. - D (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. - D (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. - D (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. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable. - D (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). D (z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ \_ \_ \_ - \*\*To 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}------------------------------------------------ # ARCADIA SECURITIES, LLC (A Limited Liability Company) # DECEMBER 31, 2023 TABLE OF CONTENTS | ‡''"–'ˆ †‡'‡†‡–‡‰‹•–‡"‡†—"Ž‹………'—–‹‰ ‹" |
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ƒ‰‡ | | –ƒ–‡‡–'ˆ ‹ƒ…‹ƒŽ'†‹–‹'ǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤͳ | | | '–‡•–' ‹ƒ…‹ƒŽ–ƒ–‡‡–ǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤʹǦͳͲ | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # **Weisberg, Mole, Krantz & Goldfarb, LLP Certified Public Accountants** #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Managing Member of Arcadia Securities, LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Arcadia Securities, LLC (a limited liability company) as of December 31, 2023, and the related notes ( collectively referred to as the "financial statement"). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of Arcadia Securities, LLC as of December 31, 2023, in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of Arcadia Securities, LLC's management. Our responsibility is to express an opinion on Arcadia Securities, LLC's 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 Arcadia Securities, LLC 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 provides a reasonable basis for our opinion. We have served as Arcadia Securities, LLC's auditor since 2023. *I,)~* >1~; ¼*('~ u))* Woodbury, New York February 10, 2024 > 185 Crossways Park Drive, Woodbury, New York 11797 • Phone: 516-933-3800 • Fax: 516-933-1060 700 Kinderkamack Rd, Oradell, New Jersey 07649 • Phone: 201-655-6249 • Fax: 201-655-6098 www .weisbergmole.com {5}------------------------------------------------ # ARCADIA SECURITIES, LLC (A Limited Liability Company) STATEMENT OF FINANCIAL CONDITION December 31, 2023 #### ASSETS | ƒ•Šƒ†…ƒ•Ї"—‹˜ƒŽ‡–•
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Ͷ͵ͷǡʹ͹ͻ | | '‹–‡–•ƒ†…'–‹‰‡…‹‡• | | | ‡"‡"•̵‡"—‹–› | ʹǡͲ͵͵ǡ͸͵͸ | | Total liabilities and members' equity | ̈́ʹǡͶ͸ͺǡͻͳͷ | {6}------------------------------------------------ #### 1. ORGANIZATION AND DESCRIPTION OF BUSINESS ǡ ȋ DzdzȌ Ǧ ȋDzdzȌ ȋDz dzȌǡʹͺǡͳͻͻͺǤ Ǥ ǡ Ǥ ǯ ǣ Ǣ Ǣ Ǣ Ǣ Ǥ ǡ Ǧ ǡ ͳͷ͵Ǧ͵ȋȌȋʹȌȋȌǤ ͵ͳǡʹͲʹ͵ǯǡ ͳͲǡʹͲʹͶǤ ǯ Ǥ # 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES # *Basis of Presentation* ȋDz dzȌ ǯǤ # *Use of Estimates* ǤǤ # *Concentration of Credit Risk* ̈́ʹͷͲǡͲͲͲǤ {7}------------------------------------------------ #### 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES *(continued)* #### *Divisions* ǯ ǤȋDzdzȌǤ Ǥ ǡ ǯ ǯ ǡ ǯǤ #### *Revenue Recognition* ͲǡDzdzȋDz ͲdzȌ ǡ ǡ ȋDzdzȌǤǡǡ Ǥ Ǥ ǯ ǡ Ǥ Ǥ ǯ Ǥ ȋǤǤǡ Dz dzȌǤ ǡ ǡ ǡǡǤ #### *Commissions* Ǥ ǡǤ ȋ ȌǤ ǡ ȀǤ {8}------------------------------------------------ # 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES *(continued)* #### *Fee Income* ǣ ǡ ǦǦǡ Ǣ Ǥ ǡ Ǥ ǡ Ǥ ǡ ǡ Ǥ # *Principal Transactions* Ǧǡ Ǥ Ǥ Ǥ # *Furniture and Equipment* ǤǦ ȋͷǦȌǤ # *Fair Value - Definition and Hierarchy* ȋǤǤǡDzdzȌ Ǥ ǡ ǡǤ ǡ Ǥ Ǥ Ǥ ǯ Ǥ ǣ {9}------------------------------------------------ # 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES *(continued)* *Fair Value - Definition and Hierarchy (continued)* *Level 1* Ǧ Ǥ ͳǤ ǡ Ǥ *Level 2*Ǧ ǡǤ *Level 3* Ǧ Ǥ Ǧ ǡ ǡ ǦǤǡ ǡ ǯ Ǥ ǡǡ ǡ ǡ Ǥ ǡ Ǥ ǡ Ǥ # *Securities Owned, at Fair Value* ǯ ͳ Ǥͳ ǦǤ͵Ǥ {10}------------------------------------------------ #### 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES *(continued)* #### *Income Taxes and Deferred Taxes* ǡ ǡ ǡ ǡǤ ǡ Ǥ ǡ Ǧ Ǥ ǡ Ǥ Ǥ Ǥ ǡǯ Ǥ Ǥ ǡ ǯ ͵ͳǡʹͲʹ͵Ǥ Ǥǡǯ ǡ ǡ ǡ ǡ ǤǤ ǤǤ ǡ Ǥ ǡǤ ͵ͳǡʹͲʹ͵Ǥ #### *Deposit with Clearing Broker* ǡ ǡ Ǥ Ǥ͵ͳǡʹͲʹ͵ǡ̈́ͳͲͲǡͲͲͲǤ {11}------------------------------------------------ #### *Receivable from Clearing Broker* Ǥ Ǥ ǡ ǡǡ ͵ͳǡʹͲʹ͵Ǥ͵ͳǡʹͲʹ͵ǡ ̈́ͳͶʹǡͳͺͲǤ #### *Leases* ͺͶʹ ǡ ȂǤ Ǥǡǡ Ǥ ȋDzdzȌ Ǥ Ǥ ǯ Ǥ # 3. FAIR VALUE MEASUREMENTS ǯ ǯ ͳǤǯ ͵ͳǡʹͲʹ͵ǣ | ••‡–• | ‡˜‡Žͳ | | ‡˜‡Žʹ | | ‡˜‡Ž͵ | | '–ƒŽ | | |---------------------------|-------|--------------------------|-------|----------|-------|----------|------|----------------------| | "—‹–‹‡•
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ȋͳͳͻǡ͵ͳ͵Ȍ | | | ̈́Ǧ | #### 5. NET CAPITAL REQUIREMENTS ͳͷ͵Ǧͳ ǡǡ ǡ ǡ Ǥ ǡ ̈́ͳͲͲǡͲͲͲ ʹȀ͵ΨǤ ͵ͳǡ ʹͲʹ͵ǡ ǡ ǡ ̈́ͳǡͺʹǡͻ͵ǡ ̈́ͳͲͲǡͲͲͲ ̈́ͳǡʹǡͻ͵Ǥ ͵ͳǡ ʹͲʹ͵ ̈́ͳͻͷǤʹʹͶǤ ǯ ͳͲǤͻΨǤ #### 6. OFF-BALANCE-SHEET RISKS ǡ ǡǤǯ Ǥ ǡ Ǥ ǦǤ Ǧ ǡ ǯ Ǧ Ǥ ǡ ǯǤ ǯ ǡ ǡ ǡ ǡ ǡ ǡ ǡ ǦǤ {13}------------------------------------------------ #### 7. RIGHT OF USE ASSET AND LEASE LIABILITY ͵ͲǡʹͲʹǤ ͺͶʹǡǡ Ǥ Ǥ ǡ ǡ Ǥ ǡ ̈́ʹͶͲǡͲͷͷǡ ̈́ʹͶͲǡͲͷͷ ͵ͳǡ ʹͲʹ͵Ǥ ͳǡʹͲʹ͵ǤͷͺΨǤ #### 8. COMMITMENTS AND CONTINGENCIES #### *Indemnifications* ǡ ǡǡǡǡ ǡ ǡ Ǥ Ǧ ǡ Ǧ Ǧ ǡ Ǥ Ǥǡ Ǥ Ǥ ǡ Ǥ Ǥ {14}------------------------------------------------ # 8. COMMITMENTS AND CONTINGENCIES *(continued)* Ǥǡ Ǥ Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.