# OMEGA POINT SECURITIES LLC X-17A-5 (2024-04-29) — Broker-dealer annual report - Company: OMEGA POINT SECURITIES LLC - Form: X-17A-5 - Filed: 2024-04-29 - Period: 2023-12-31 - Accession: 0001584977-24-000006 - CIK: 1584977 - File #: 8-69344 - Type: Broker-dealer - Material weakness: No - Auditor: Michael Coglianese CPA, P.C. - Auditor location: Bloomingdale, IL - Contact: Jonathan Self - Phone: 404-596-5393 - Email: jonathan.self@asknectar.com - Website: asknectar.com - Signed by: Jonathan Self (CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1584977/000158497724000006/ns-public1.pdf --- {0}------------------------------------------------ ( FOR PUBLIC RELEASE ] **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OMBAPPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 # **ANNUAL REPORTS FORM X-17A-5 PART** Ill SEC FILE NUMBER 8-69344 **FACING PAGE** **Information Required Pursuant to Rules 17a-S, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** | FILING FOR THE PERIOD BEGINNING 01/01/2023 | | | AND ENDING 12/31/2023 | | | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|------|-----------------------|---------------------------------------------|--|--|--|--| | | MM/DD/VY | | | MM/DD/VY | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | | | Nebari Securities, .LLC
NAME oF FIRM: | | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
[!] Broker-dealer
□ Security-based swap dealer
□ 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.) | | | | | | | | | | 3455 Peachtree Road NE, Suite 500 | | | | | | | | | | | (No. and Street) | | | | | | | | | Atlanta | GA | | | 30326 | | | | | | (City) | (State) | | | (Zip Code) | | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | | | Jonathan Self | 404-596-5393 | | | jonathan.self@asknectar.com | | | | | | (Name) | (Area Code -Telephone Number) | | (Email Address) | | | | | | | | 8. ACCOUNTANT IDENTIFICATION | | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | | | | Michael Coglianese CPA, P.C. | | | | | | | | | | | (Name - If individual, state last, first, and middle name) | | | | | | | | | 1255 E. Lake Street, Suite 303 Bloomingdale | | | IL | 60108 | | | | | | (Address) | (City) | | (State) | (Zip Code) | | | | | | 10/20/2009 | | 3874 | | | | | | | | (Date of Ree:lstration with PCAOB)(if aoolicablel | | | | (PCAOB Ree:istration Number, if aoolicable) | | | | | | 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-S(e)(1)(il), 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.** {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | I, _J_on_a_th_an_se_lf
12/31 | _______________
financial report pertaining to the firm of Nebari Securities, LLC
2~,
,----~~-----~-----. | _, swear (or affirm) that, to the best of my knowledge and belief, the
as of
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_ | SARAH NORSWORTHY
STATE OF ALABAMA AT lARGE
MY COMMISSION EXPIRES FEBRUARY 10, 2027 | Title: | | | | | #### **This filing\*\* contains (check all applicable boxes):** - ~ (a) Statement of financial condition. - ~ (bl 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) Statement of cash flows. - D (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (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-1, 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. - □ (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. - 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-1, 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. - ~ (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. - D (s) Exemption 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 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. - □ (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). □ (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. {2}------------------------------------------------ STATEMENT OF FINANCIAL CONDITION DECEMBER 31 , 2023 WITH REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM {3}------------------------------------------------ # **Table of Contents** | Report of Independent Registered Public Accounting Firm








| . 1 | |---------------------------------------------------------------------------------------------------------------------------|-----| | Statement of Financial Condition





















| 2 | | Notes to Statement of Financial Condition



















| 3-4 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) Bloomingdale I Chicago #### **Report of Independent Registered Public Accounting Firm** To the Members of Nebari Securities LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Nebari Securities LLC 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 Nebari 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 Nebari Securities LLC's management. Our responsibility is to express an opinion on Nebari 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 Nebari 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 statements. 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 statements. We believe that our audit provides a reasonable basis for our opinion. We have served as Nebari Securities LLC's auditor since 2023. *(t/1* J,,,,j, C,lw,.(, UA, *P. C.* Bloomingdale, IL April 18, 2024 {5}------------------------------------------------ #### **STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2023** | ASSETS
Cash
Due from related parties
Accounts receivable
Prepaid expenses and deposits | \$ | 144,490
177,123
17,295
7,471 | |----------------------------------------------------------------------------------------------------|------|---------------------------------------| | TOTAL ASSETS | I \$ | 346,379 | | LIABILITIES AND MEMBERS' EQUITY
LIABILITIES
Accounts payable and accrued expenses | \$ | 8,424 | | Due to related parties | \$ | 6,565 | | TOTAL LIABILITIES | I | 14,989 | | MEMBERS' EQUITY | | 331 ,390 | | TOTAL LIABILITIES AND MEMBERS' EQUITY | I \$ | 346,379 | The accompanying notes are an integral part of these financial statements. {6}------------------------------------------------ NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2023 ## **1. ORGANIZATION AND NATURE OF BUSINESS** Nebari Securities, LLC is a broker-dealer registered with the Securities and Exchange Commission (the "SEC") and is a member of the Financial Industry Regulatory Authority, Inc. ("FINRA"). The Company is a wholly owned subsidiary of Nebari Capital, LLC (the "Parent"). The Company was formed as a limited liability company ("LLC") in Delaware on August 6, 2013. The Company was approved as a broker-dealer and member of FINRA, under the name of Exceed Securities LLC, on May 12, 2014. Over time the Company has had ownership and name changes. The Company primarily provides referrals to execution brokers. # **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** The Company follows Generally Accepted Accounting Principles (GAAP), as established by the Financial Accounting Standards Board (the FASB), to ensure consistent reporting of the financial condition, results of operations, and cash flows. **Income taxes** - The Company is organized as a single-member limited liability company and is a disregarded entity for federal and state income tax purposes. The results of the Company are included in the tax returns of the Parent, whose members are liable for federal and state income taxes on their respective share of the taxable income of the Company. Accordingly, no provision of benefit for federal income taxes has been made in the Company's financial statements. The Company evaluates the income tax positions taken to determine whether or not they are morelikely than-not of being sustained when challenged or examined by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. For the year ended December 31, 2023, management has determined that there are no material uncertain income tax positions that impacted the company's financial statements. The Parent is generally subject to examination by the U.S. federal and state tax authorities for the current tax year and prior three tax years. **Use of estimates** - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and the reported amounts of revenues and expenses period. Actual results could differ from those estimates. # **3. RELATED PARTY TRANSACTIONS** The Company sublets office space that is leased to it by the Parent. The lease began April 2023 and was terminated by the Company, effective February 29, 2024. The Company has a related payable of \$6,565 reflected as Due to related parties. The Company has a service agreement with Omega Point Research, Inc. ("Omega Point"), an affiliated company, whereby Omega Point is responsible for the Company's monthly overhead. The Company has a related receivable of \$177,123 reflected as Due from related parties. {7}------------------------------------------------ ## **4. CONCENTRATION OF BUSINESS AND CREDIT RISK** From time to time the Company may have cash deposits with its bank that exceed levels insured by the bank through FDIC. At December 31, 2023, the cash deposits did not exceed the FDIC limits. ### **6. COMMITMENTS AND CONTINGENCIES** The Company does not have any commitments, guarantees, or contingencies including arbitration or other litigation claims that may result in a loss or a future obligation. The Company is not aware of any threats or other circumstances that may lead to the assertion of a claim at a future date. ### **8. RIGHTS AND OBLIGATIONS** The Company has no obligations for returns or refunds and offers no warranties or guarantees. ## **9. SUBSEQUENT EVENTS** These financial statements were approved by management and available for issuance on the date of the Independent Registered Public Accounting Firm report. Subsequent events have been evaluated through this date. In March of 2024, FINRA approved the Company's continuing membership application and ownership change whereby Omega Point Research, Inc. will become 100% owner. The Company's name will change in 2024 to Omega Point Securities, LLC. There were no other subsequent events requiring disclosures and/or adjustments. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.