# IFM (US) SECURITIES, LLC X-17A-5 (2022-09-23) — Broker-dealer annual report - Company: IFM (US) SECURITIES, LLC - Form: X-17A-5 - Filed: 2022-09-23 - Period: 2022-06-30 - Accession: 0001563344-22-000002 - CIK: 1563344 - File #: 8-69201 - Type: Broker-dealer - Material weakness: No - Auditor: CohnReznick LLP - Auditor location: New York, NY - Contact: Peter Mordue - Phone: 212.784.2270 - Email: chad.kirschenblatt@janoverllc.com - Website: janoverllc.com - Signed by: David Altshuler (Director) Original filing: https://www.sec.gov/Archives/edgar/data/1563344/000156334422000002/ifmpublic.pdf --- {0}------------------------------------------------ # IFM (US) SECURITIES, LLC (A Limited Liability Company) ## STATEMENT OF FINANCIAL CONDITION JUNE 30, 2022 {1}------------------------------------------------ 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: Oct. 31, 2023 Estimated average burden hours per response: 12 > SEC FILE NUMBER 8-69201 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 | | 7/01/2021
MM/DD/YY | | AND ENDING | | 6/30/2022 | | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------|-----------------------|------------------------------------------------------------|------------|---------|--------------------------------------------|--| | | | | | | | MM/DD/YY | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | NAME OF FIRM: | | | IFM (US) SECURITIES, LLC | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
L Security-based swap dealer
를 Broker-dealer
C 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.) | | | | | | | | | 114 W 47TH Street, 19th floor | | | | | | | | | | | (No. and Street) | | | | | | | New York | | | NY | | | 10036-1510 | | | (City) | | | (State) | | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | | Chad Kirschenblatt | 516.393.5603
Chad.Kirschenblatt@janoverllc.com | | | | | | | | (Name) | (Area Code - Telephone Number)
(Email Address) | | | | | | | | | | | B. Accountant IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
CohnReznick LLP | | | | | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | 1301 Avenue of the Americas New York | | | | | NY | 10019 | | | (Address) | | (City) | | | (State) | (Zip Code) | | | 10-14-2003 | | | | 596 | | | | | (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 | | | | | | | | 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. CFR 240.17a-5(e)(1)(ii), if applicable. {2}------------------------------------------------ A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document, to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. #### OATH OR AFFIRMATION | David Altshuler
swear (or attirm) that, to the best of my knowledge and belief, the | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | tinancial report pertaining to the firm of IFM (US) Securities, LLC
as of | | June 30
, 2 022 , 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
State of California
as that of a customer. | | County of San Diego | | Subscribed & sworn to (or affirmed) Signature: | | before me this 20" day of Soft ,20 23 | | by Dovin S - Alts huler , proved to itle: | | me on the basis of satisfactory evidence | | to be the person(s) who appeared before me | | Notary Public
ASH NICKLE | | COMM # 2339548
This filing** contains (check all applicable boxes): | | NOTARY PUBLIC . CALIFORNIA
SAN DIEGO COUNTY
= (a) Statement of financial condition. | | MY COMM. EXP. JAN. 3, 2025.
(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). | | _ (d) Statement of cash flows. | | ال (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. | | □ (f) Statement of changes in liabilities subordinated to claims of creditors. | | ا_ (g) Notes to consolidated financial statements. | | {_ {h} Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. | | [ (i) 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 240.15c3-3. | | · | | Exhibit A to 17 CFR 240.18a-4, as applicable. | | ا (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. | | [ (m) 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 | | worth under 17 CFR 240.15c3-1, 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. | | (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. | | (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. | | | | @ (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 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-5 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 240.18a-7, as applicable. | | l] (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, | | as applicable. | | □ (y) Report describing any material inadequacies 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: | \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(2), as applicable. {3}------------------------------------------------ ### IFM (US) SECURITIES, LLC (A Limited Liability Company) ### JUNE 30, 2022 #### TABLE OF CONTENTS #### Report of Independent Registered Public Accounting Firm | Financial Statement: | age | |------------------------------------------------|-----| | Statement of Financial Condition | | | Notes to the Statement of Financial Condition. | 2-4 | {4}------------------------------------------------ ![](_page_4_Picture_1.jpeg) #### Report of Independent Registered Public Accounting Firm To the Member and Board of Directors IFM (US) Securities, LLC #### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of IFM (US) Securities, LLC (a limited liability company and a wholly-owned subsidiary of IFM Investors (US), LLC) (the "Company") as of June 30, 2022, 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 June 30, 2022, in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion This financial statement is the responsibility of the entity'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 provides a reasonable basis for our opinion. We have served as the Company's auditor since 2015. New York, New York September 21, 2022 {5}------------------------------------------------ #### IFM (US) SECURITIES, LLC (A Limited Liability Company) STATEMENT OF FINANCIAL CONDITION JUNE 30, 2022 #### ASSETS | Cash
Receivables from Parent
Prepaid expenses | ಕಿ | 167,199
6,419,340
1,186 | |--------------------------------------------------------------------------|------|-------------------------------| | Total assets | ಕಾ | 6,587,725 | | LIABILITIES AND MEMBER'S EQUITY | | | | Liabilities:
Accounts payable, accrued expenses and other liabilities | ಕ್ಕಿ | 48,207 | | Member's equity | | 6,539,518 | | Total liabilities and member's equity | ಿ | 6,587,725 | See notes to the financial statement. {6}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`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a- #### bcdcefcgchijeklkie \2J2B428A52523>NB6O2GA83>87@E48Q`m526?H4582?2B7I5>?7<2KA52B76B7<2I>5?>II22 6B3>?2L # niehcelgolkieipgkqr M<2;>?@ABC?A6B7A6B83A8<6BAHABVA33>4B7D<63<686B725287H2A56BNL+B725287H2A56BN ABGB>BF6B725287H2A56BNA33>4B78A526B8452GHC7<2,T+;4@7>s\$`S9SSS@25I6BAB36AE 6B8767476>BLM<2;>?@ABC72X@2562B32GABCE>88286B8434B78ABGG>28B>7 H2E62J267682X@>82G7>ABC86NB6I63AB7352G67568V>B3A8B>II6BAB36AE87A72?2B786B3>BI>5?67CD674B76BN@56B36@E28N2B25AEEC A332@72G6B7<2/B672G07A728>IY?2563A52v46528?ABAN2?2B77>?AV22876?A728ABG A884?@76>B87572GA?>4B78>IA88278ABGE6AH6E67628ABGG683E>8452>I 3>B76BN2B7A88278ABGE6AH6E67628A77<2GA72>I7<2I6BAB36AE87A72?2B78ABG7<252@>572G A?>4B78>I52J2B428ABG2X@2B828G456BN7<252@>576BN@256>GLY374AE5284E783>4EGG6II25 I5>?7<>822876?A728L {7}------------------------------------------------ ### IFM (US) SECURITIES, LLC (A Limited Liability Company) NOTES TO THE STATEMENT OF FINANCIAL CONDITION JUNE 30, 2022 #### 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) #### Income taxes As a wholly-owned limited liability company, the Company is considered to be a disregarded entity and thus does not file income tax returns in any jurisdiction. The Company files under the Parent's consolidated tax return in which all items of income, expense, gains and losses are reportable by the Parent for tax purposes. The Company has no unrecognized tax benefits at June 30, 2022. #### Uncertain tax positions In accordance with the FASB ASU No. 740 ("ASC 740") Subtopic 05 "Accounting for Uncertainty in Income Taxes," the Company did not recognize any amounts from uncertain tax positions. The Company's conclusions regarding uncertain tax positions may be subject to review and adjustment at a later date based upon ongoing analyses of tax laws, regulations and interpretations thereof as well as other factors. Generally, Federal, state and local authorities may examine the Company's tax returns for three years from the date of filing. #### 3. RELATED PARTY TRANSACTIONS #### Administration fees Pursuant to an Expense Sharing Agreement, the Company reimburses the Parent for allocated salaries, rent, communication and other expenses paid for by the Parent. These charges are updated periodically, and determined based on percentages of personnel, square footage and other factors. #### Fee revenue The Company receives fees based on the cost plus 15% reimbursement from the Parent. As of June 30, 2022, \$6,419,340 was outstanding and due from the Parent. #### 4. NET CAPITAL REQUIREMENTS The Company is subject to the uniform net capital requirements of Rule 15c3-1 of the Securities and Exchange Act, as amended, which requires the Company to maintain, at all times, sufficient liquid assets to cover indebtedness. In accordance with the Rule, the Company is required to maintain defined minimum net capital of the greater of \$5,000 or 6 2/3% of aggregate indebtedness. At June 30, 2022, the Company had net capital, as defined, of \$118,992, which exceeded the required minimum net capital of \$5,000 by \$113,992. Aggregate indebtedness at June 30, 2022 totaled \$48,207. The Company's percentage of aggregate indebtedness to net capital was 40.51%. {8}------------------------------------------------ ### IFM (US) SECURITIES, LLC (A Limited Liability Company) NOTES TO THE STATEMENT OF FINANCIAL CONDITION JUNE 30, 2022 #### 5. SUBSEQUENT EVENTS Management of the Company has evaluated events and transactions that may have occurred since June 30, 2022 and determined that there are no material events that would require disclosures in the Company's financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.