# IFM (US) SECURITIES, LLC X-17A-5 (2025-09-26) — Broker-dealer annual report - Company: IFM (US) SECURITIES, LLC - Form: X-17A-5 - Filed: 2025-09-26 - Period: 2025-06-30 - Accession: 0001563344-25-000005 - CIK: 1563344 - File #: 8-69201 - Type: Broker-dealer - Material weakness: No - Auditor: CohnReznick LLP - Auditor location: New York, NY - Contact: Chad Kirschenblatt - Phone: 5163935603 - Email: chad.kirschenblatt@jrsfinancialservices.com - Website: jrsfinancialservices.com - Signed by: Julio Garcia (Director) Original filing: https://www.sec.gov/Archives/edgar/data/1563344/000156334425000005/ifmpublic.pdf --- {0}------------------------------------------------ # IFM (US) SECURITIES, LLC (A Limited Liability Company) # STATEMENT OF FINANCIAL CONDITION JUNE 30, 2025 {1}------------------------------------------------ OMB APPROVAL UNITED STATES OMB Number: 3235-0123 SECURITIES AND EXCHANGE COMMISSION Expires: Nov. 30, 2026 Washington, D.C. 20549 Estimated average burden hours per response: 12 ANNUAL REPORTS SEC FILE NUMBER FORM X-17A-5 8-69201 PART III 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 07/01/2024 AND ENDING 06/30/2025 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION IFM (US) SECURITIES, LLC NAME OF FIRM: TYPE OF REGISTRANT (check all applicable boxes): © Broker-dealer 0 Major security-based swap participant □ Check here if respondent is also an OTC derivatives dealer 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 (State) (Zip Code) (City) PERSON TO CONTACT WITH REGARD TO THIS FILING Chad Kirschenblatt 516 393 5603 chad.kirschenblatt@jrsfinancialservices.com (Email Address) (Area Code - Telephone Number) (Name) B. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* CohnReznick LLP (Name – if individual, state last, first, and middle name) 10019 New York NY 1301 Avenue of the Americas (State) (Zip Code) (Address) (City) 10-14-2003 596 (PCAOB Registration Number, if applicable) (Date of Registration with PCAOB)(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 CFR 240.17a-5(e)(1)(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 OMB control number. {2}------------------------------------------------ ### OATH OR AFFIRMATION | Julio Garcia | swear (or affirm) that, to the best of my knowledge and belief, the financial | |-----------------------------------|-------------------------------------------------------------------------------------------------------------------------------------| | report pertaining to the firm of | IFM (US) SECURITIES, LLC
as of | | June 30 | 2 025 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. | | | | | | Corna R Soto | Signature: | | Notary Public - State of New York | | | No. 01SO6343688 | Title: | | Qualifiad in Manhattan County | DIRECTOR | Notary Public ### This filing\*\* contains (check all applicable boxes): My Commission Expires June 13, 2028 - (a) Statement of financial condition. - (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. - □ (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 240.18a-1, as applicable. - □ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ (i) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - □ (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. - □ (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. - O (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 capible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, 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. - □ (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. - □ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - 國 (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. - | 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: - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17o-5(e)(3) or 17 CFR 240.180-7(d)(2), as applicable. {3}------------------------------------------------ # IFM (US) SECURITIES, LLC (A Limited Liability Company) # JUNE 30, 2025 # TABLE OF CONTENTS # Report of Independent Registered Public Accounting Firm | Financial Statement: | | |------------------------------------------------|-----| | Statement of Financial Condition . | | | Notes to the Statement of Financial Condition. | 2-5 | {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, 2025, 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, 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 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. Cohn Regnick New York, New York September 24, 2025 {5}------------------------------------------------ # IFM (US) SECURITIES, LLC (A Limited Liability Company) STATEMENT OF FINANCIAL CONDITION JUNE 30, 2025 ### ASSETS | Cash
Receivables from Parent
Prepaid expenses | ಕಿ | 1,027,921
7,631,379
37,929 | |--------------------------------------------------------------------------|----|----------------------------------| | Total assets | S | 8,697,229 | | LIABILITIES AND MEMBER'S EQUITY | | | | Liabilities:
Accounts payable, accrued expenses and other liabilities | ಕಿ | 60,375 | | Member's equity | | 8,636,854 | | Total liabilities and member's equity | ಕಾ | 8,697,229 | See notes to the statement of financial condition. {6}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`8E6?67>BE6AH6E67C68HA82G>B7<252E2JAB787A72 EADLM<2;>?@ABC?A5W278E6?672G@A57B258<6@6B7252878>I@56JA72I4BG8?ABAN2GHC AGJ68>5CAII6E6A728L > M<2;>?@ABCG>28B>73EA6?AB2Y2?@76>BI5>?7<20234567628ABGXY3??6886>B .^0X;\_1]4E2Qa3[F[>I7<20234567628XY3IQR[\96B52E6AB32>B,>>7B>72b\7>7<2 0X;]2E2A82[\FbTTb[D<63<@5>J6G287?@ABC3A55628B>?A5N6BA33>4B789 @5>?@7EC75AB8?678AEE3487>?258cI4BG8ABGG2E6J258AEE823456762852326J2G6B3>BB2376>B D67<7<2;>?@ABCc8A376J67628A8AH5>W25>5G2AE259ABGG>28B>7>7<25D682<>EGI4BG8>5 8234567628I>59>5>D2?>B2C>582345676287>3487>?258L M<2A33>?@ABC6BN87A72?2B7>II6BAB36AE3>BG676>B?7<282@A5A72 523>5G8?A6B7A6B2GHC7<2;>?@ABCABG9G427>3257A6B75AB8A376>B8ABGAN522?2B78D67< 7<2KA52B798437B23288A56ECH26BG63A76J2>I7<2I6BAB36AE 3>BG676>B74EG57<25284E7874EGH7A6B2GI5>? >@25A76>B8?@ABC>@25A72GA8AB4BAII6E6A72G2B767CL '- ') #### #&d- # efgfhifjfklmhnonlh ]2J2B428A52523>NB6O2GA83>87@E48Qap526?H4582?2B7I5>?7<2KA52B76B7<2I>5?>II22 6B3>?2L # qlhkfhojronlhlsjntu M<2;>?@ABC?A6B7A6B83A8<6BAHABWA33>4B7D<63<686B725287FH2A56BNL+B725287FH2A56BN ABGB>B6B725287FH2A56BNA33>4B78A526B8452GHC7<2,U+;4@7>vSaT9TTT@25I6BAB36AE 6B8767476>BLM<2;>?@ABC72Y@2562B32GABCE>88286B8434B78ABGG>28B>7 H2E62J267682Y@>82G7>ABC86NB6I63AB7352G67568W>B3A8?@>?A@ABCDEDFFCEAEGCAHIBAB>J>EBICEGDEFD@JCBKLCB=AGGDMEBCEN?@CEGC?H>IN>E>@AHHK AGG>?B>OCEB=>PECB>OQBAB>IDFRJ>@CGA@>SMC@>IJAEAN>J>EBBDJAT>>IBCJAB>IAEO AIIMJ?BCDEIB=ABAFF>GBB=>@>?D@B>OAJDMEBIDFAII>BIAEOHCAUCHCBC>IAEOOCIGHDIM@>DF GDEBCEN>EBAII>BIAEOHCAUCHCBC>IABB=>OAB>DFB=>FCEAEGCAHIBAB>J>EBIAEOB=>@>?D@B>O AJDMEBIDF@>V>EM>IAEO>W?>EI>IOM@CENB=>@>?D@BCEN?>@CDOXRGBMAH@>IMHBIGDMHOOCFF>@ F@DJB=DI>>IBCJAB>IX # YZ[6:58;\54 RIAL=DHHK]DLE>OHCJCB>OHCAUCHCBKGDJ?AEK^B=>\_DJ?AEKCIGDEICO>@>OBDU>AOCI@>NA@O>O >EBCBKAEOB=MIOD>IEDBFCH>CEGDJ>BAW@>BM@EICEAEK`M@CIOCGBCDEX<=>\_DJ?AEKFCH>IMEO>@ B=>aA@>EBbIGDEIDHCOAB>OBAW@>BM@ECEL=CG=AHHCB>JIDFCEGDJ>^>W?>EI>^NACEIAEOHDII>I A@>@>?D@BAUH>UKB=>aA@>EBFD@BAW?M@?DI>IX<=>\_DJ?AEK=AIEDME@>GDNECc>OBAWU>E>FCBI ABdME>ef^gfghX # 3Z[5i8;9Z8;\j649896Z4 kEAGGD@OAEG>LCB=B=>lCEAEGCAHRGGDMEBCENQBAEOA@OImDA@OnolRQmpqRQ\_rDXstfnoRQ\_ stfpqQMUBD?CGfhoRGGDMEBCENFD@PEG>@BACEBKCEkEGDJ>I^pB=>\_DJ?AEKOCOEDB @>GDNECc>AEKAJDMEBIF@DJMEG>@BACEBAW?DICBCDEIX <=>\_DJ?AEKuIGDEGHMICDEI@>NA@OCENMEG>@BACEBAW?DICBCDEIJAKU>IMU`>GBBD@>VC>LAEO AO`MIBJ>EBABAHAB>@OAB>UAI>OM?DEDENDCENAEAHKI>IDFBAWHALI^@>NMHABCDEIAEO CEB>@?@>BABCDEIB=>@>DFAIL>HHAIDB=>@FAGBD@IXv>E>@AHHK^l>O>@AH^IBAB>AEOHDGAHAMB=D@CBC>I JAK>WAJCE>B=>\_DJ?AEKuIBAW@>BM@EIFD@B=@>>K>A@IF@DJB=>OAB>DFFCHCENw # xi5y98z64454 RQ\_CJ?AC@J>EB JDO>HFD@G>@BACEFCEAEGCAHAII>BIJ>AIM@>OABAJD@BCc>OGDIBUK@>SMC@CENAGM@@>EB>W?>GB>O G@>OCBHDIIn\_\_qJ>B=DODHDNKBD>IBCJAB>>W?>GB>OG@>OCBHDII>IDV>@B=>>EBC@>HCF>DFB=> FCEAEGCAHAII>B^@>GD@O>OABCEG>?BCDED@?M@G=AI>XPEO>@B=>AGGDMEBCENM?OAB>^B=>\_DJ?AEK =AIB=>AUCHCBKBDO>B>@JCE>L=>B=>@B=>@>A@>ED>W?>GB>OG@>OCBHDII>ICEG>@BACE GC@GMJIBAEG>IX<=>G@>OCBHDII>W?>EI>^CFB=>@>CIAEK^@>HAB>OBDB=>AHHDLAEG>FD@G@>OCB HDII>IAIL>HHAIAEK@>GDV>@C>IDFAJDMEBI?@>VCDMIHKG=A@N>OLDMHOU>@>FH>GB>OCEDB=>@ >W?>EI>ICEB=>AGGDJ?AEKCENIBAB>J>EBDFD?>@ABCDEIX <=>\_DJ?AEKOCOEDBCO>EBCFKAEK@>G>CVAUH>IAICJ?AGB>OUKB=>AUDV>FAGBD@IAIDFdME>ef^ gfghXRGGD@OCENHK^B=>@>CIEDAHHDLAEG>FD@G@>OCBHDII>IAIDFdME>ef^gfghX {8}------------------------------------------------ # IFM (US) SECURITIES, LLC (A Limited Liability Company) NOTES TO THE STATEMENT OF FINANCIAL CONDITION JUNE 30, 2025 ## 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) ## Adoption of new accounting standards The FASB issued Accounting Standard Update ("ASU") 2023-07, "Segment Reporting" (Topic 280) which increased disclosure requirements regarding a public entity's reportable segments effective for fiscal years beginning after December 15, 2023. ASU 2023-07 required incremental line-item disclosures about each reportable segment's expenses as well as profit and losses. The Company has evaluated the guidance there under and has determined that the Company operates as one operating segment. For further discussion refer to Footnote 5, Reportable Segments. # 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 reviewed annually and determined based on time spent by employees between each entity, compensation paid, anticipated changes in the business models of the entities and other factors. The Company shall reimburse the Parent at cost for any expenses (including Overhead Expenses) incurred by the Parent in provision of its services and resources hereunder. ## Fee revenue Pursuant to the Advisory Services Agreement, the Company receives fees based on the cost plus 15% reimbursement from the Parent. As of June 30, 2025, \$7,631,240 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, 2025, the Company had net capital, as defined, of \$967,546, which exceeded the required minimum net capital of \$5,000 by \$962,546. Aggregate indebtedness at June 30, 2025 totaled \$60,375. The Company's percentage of aggregate indebtedness to net capital was 6.24%. {9}------------------------------------------------ # IFM (US) SECURITIES, LLC (A Limited Liability Company) NOTES TO THE STATEMENT OF FINANCIAL CONDITION JUNE 30, 2025 ### 5. REPORTABLE SEGMENTS The company is engaged in a single line of business as a securities broker-dealer. The Company has identified its CEO as the Chief Operation Decision maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 4), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay dividends. The company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure profit and loss of the segment are the same as those described in the summary of significant policies. ### 6. SUBSEQUENT EVENTS Management of the Company has evaluated events and transactions that may have occurred through September 24, 2025 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.