# VERITAS INDEPENDENT PARTNERS, LLC X-17A-5 (2024-03-29) — Broker-dealer annual report - Company: VERITAS INDEPENDENT PARTNERS, LLC - Form: X-17A-5 - Filed: 2024-03-29 - Period: 2023-12-31 - Accession: 0001588116-24-000001 - CIK: 1588116 - File #: 8-69363 - Type: Broker-dealer - Material weakness: No - Auditor: Mercurius & Associates LLP - Auditor location: New Delhi, K7 - Contact: Debra Shannon - Phone: 5013586131 - Email: debra@trutoro.com - Website: trutoro.com - Signed by: Debra Shannon (Managing Member) Original filing: https://www.sec.gov/Archives/edgar/data/1588116/000158811624000001/Trutoro2023Audit.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 #### Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER OMB APPROVAL 8-69363 OMB Number: 3235-0123 # ANNUAL REPORTS FORM X-17A-5 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 01/01/23 | | AND ENDING 12/31/23 | | | |------------------------------------------|----------|---------------------|----------|--| | | MM/DD/YY | | MM/DD/YY | | | . | | | | | A. REGISTRANT IDENTIFICATION # NAME OF FIRM: Trutoro (Veritas Independent Partners,LLC) TYPE OF REGISTRANT (check all applicable boxes): ത്ര Broker-dealer □ Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) # 2201 Washington Ave. Suite 2 | | | (No. and Street) | | | |---------------------------------------------------------------------------------------------------------|--|------------------------------------------------------------|-----------------|--------------------------------------------| | Conway | | AR | | 72034 | | (City) | | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Debra Shannon | | 501-358-6131 | | debra@trutoro.com | | (Name) | | (Area Code - Telephone Number) | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Mercurius & Associates LLP | | | | | | | | (Name - if individual, state last, first, and middle name) | | 4 | | A-94/8, Wazirpur Industrial Area, Main Ring Road New Delhi | | | Delhi | 110052 | | (Address) | | (City) | (State) | (Zip Code) | | 2/10/2009 | | | 3223 | | | (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 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. {1}------------------------------------------------ #### !"#\$%&'() \*+,-./0123456789:;<=>?@ABCDE FGHIJKLMNOPQRSTUVWXYZ[\]^\_`abcde fghijkl m n o pqrstuvwx yz{ ¶ - - |}~ ¡¢£¤¥¦§¨©ª«¬®¯ - °±²³´µ¶·¸N¹º»¼½¾¿ÀÁÂÃÄÅÆÇÈÉÊËÌÍÎÏзÑÒÓÔÎÕÖ×]ØÙÚÛÜÛÝÞßàáâãäåæçèéêëìíîïðñòóôõö÷øùúûüý- !"#\$%&'()\*+,-.È/0123456789:;<=> ù !"#\$%&'()\*+,-./0123456789: - ?@ABCDEFG GHIJKLMNOPQRST - - UVWXYZ[\]^\_`abcd5efghijklmnopqrstuvwxyz{|}~ÈyÛ - XJ ¡¢£¤¥¦§¨©ª«¬®¯°±²³´µ¶·¸¹º»¼½¾¿ÀÁÂÃÄÅÆÇÈÉÊÓËÌÍ - ÎÏÐÑÒÓÔÕÖÍרÙÚ×ÛÜÝÞßàáâãäå!æçèÛéêëìíîïðñòó - ôõö÷øÈùúûÍüýþ-zH - ;<=>?@ABCDEÈÓFGHIJKLMN!OPQRSTUVWXYZ[\]^\_`abcde¡fgh - ijklmnopqrstuvwxyz{|}~ cíNà ¡¢£¤¥¦§¨©ª«¬®¯°±²³´µ¶·¸¹º»¼ - ½¾¿ÀÁÂÃÄÅÆÇÈÉÊËÌÍÎÏÐÑÒÓÔqÕÖ9 ×ØÙ¹ÚÛÜÝÞßàáâãäÙåæçèéêëìíîïðñòóôõö÷øùúûüýþ-- - >?@ABCDEFGxHIJKLMNOPQRóSTU5VWXYZ[\]^\_`abcdefghijk©lmnopqrstuvwxyz{|}~ - - T|aÙÓ ¡]¢£¤8¥¦|§¨©ª«¬®¯°±²³´µ¶·¸¹º»¼½¾¿ÀÁÂÃÄÅÆÇÈÉÊËÌÍÎÏÐ ÑÒÓÔÕÖ××ØÙ¡ÚÈÖÛÜÝÞÈ8ßàáâã§äåæçèéÓêëìíîïðñ¢òóqôõSö÷øùTúûüýþ-- ] - !"#\$% &'ø()\*+,-./0123456789k:;<= !"#\$%&'()5\*+,-./0123456-789D:;<ü=>?@ABCDEF GHIJKLM NO¬©KPQRSTUVWúXYBZ[7\]^\_1`abc5QdefghijQklmnopqrstuvwxybz{|È}~»ç§uö !ù ¡¢£¤¥¦§¨©ª«¬®¯'Ͱ±²³´µ¶·¸¹º»¼½¾¿ÀÁÂÃÄÅƸÇÈÉÊËÌÍÌÎÏÐÑÒÓÔÕÖרÙÚÛÜÝÞßàáâãäåæçèéêëìíîïðñòóôõ ö÷øùúûüýþ-- ùk¡K !"5#\$Ñ %&q'(ý)\*+,-./012©3456ò789:;<=>?@ABCDEFDGHIJKLMNOP QRSTU ] !"#\$%&'()\*+,-./0 ù- !"#\$%&'()`\*+,-!./0123456`78d9:;<=>?è@ABCD"EFG - VWXYZ[\]^\_`aÍbcd!¡WexfghÞijklCmno8p`qRrs»tuvwxyz{|}~K©`XQQx] - ¡¢Z£¤¥Í½¦§¨©|ª²«¬Þ®¯°±²Î³´µ¶·¸¹-º»¼½¾¿ÀÁÂÃÄÅÆÇÈÉÊËÌÍÎÏSÐÑÒÓÔÕÖרÙÚÛÜÝÞßàáâãäåæçèéêë - ìíîïðñòóôõö!÷øùæúûüýþ--° - 123X45ì6789:;<=>?@ABC!DEFGHIJKÍL MNOPQRSTUVWXYZ[\]^\_È`abcdefghijklmnopqr - stuvwxyz{|}~Ú5î§c ¡¢£¤¥¦§¨©ª«¬®¯°¡±²³´µ¶·¸¹º»¼½¾¿ÀÁÂÃÄÅÆÇÈÉ - ÊËÌÍÎÏÐÑÒï!úÓ!ÔjÕÖ×AØæÙÚ§ÛÜ!ÝÞßàáâã²ä\_åæçèËéêëìíîïð«ñòuüóÎôõéöE÷øùúûüýþS-Ry- - HIJKLìMNdONP2QRSTUVWXYZ[\]I^\_`ab@RcE]de»Ùfägh]ij÷pklmnoq[p©qrstuvwxyz{|}~ ¹Ub Ó¡¢£¤¥¦§¨©ª«¬®¯°±D²³´nµ¶·¸¹º»¼ - ½¾¿ÀÁÂÃÄ5ÅPÆÇÈÉÊËÌ?ÍήLÓÏÐÑÒÓÔ ÕÖ9 ×àØÙÚÛÜ-ÝÞßàáâãäåÎæçèéÙêÓ¦Rëìíîïðñòóôõö÷øùúûüýþ-- b - !"#\$%&'()\*+ -EÒv\,-.!/01234K56789»:;<=>Ý?`@ABCDEÑsFGHIJKLMNOPQRSTUVWXYZ[\]^\_`abcdefgGhijklmnopqrstuvw xyz5{|}~§ !"#\$%&' ()\*+,-./0\*123456789:;<=>?@AB - ²«#åoÐ ¡¢£¤¥»¦§¨©ª«¬ù®¯°±²³´µ¶·¢¸¹º»¼½}¾¿ÀÁÂÃÄÅÆÇÈÉÊxËÌÍÎÏÐÑÒÓÔÕÖרÙÚÛÜÝÞßà áâã6äåæöãçèéêëìíîïðóñòóôõöú÷øùúûüýþ- - CDEFGHIJKLMNOPQRSTUVWXYZ[\]^\_`abcdefghijklmnopqrstuvwxyz{|}~ ¡¢£¤¥¦§¨G©ª «¬®¯°±²³´µ {2}------------------------------------------------ # REPORTS PURSUANT TO RULES 17a-5(d) ### YEAR ENDED DECEMBER 31, 2023 {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) MERCURIUS & ASSOCIATES LLP Formerly known as AJSH & Co LLP > +91 11 4559 6689 18 info@masllp.com P ### www.masllp.com #### Report of the Independent Registered Public Accounting Firm To the Members of Trutoro (Veritas Independent Partners, LLC) #### Opinion on the Financial Statements .We have audited the accompanying statement of financial condition of Trutoro (Veritas Independent Partners, LLC) (the "Company") as of December 31, 2023 and the related statements of operations, changes in member's capital and cash flows for the year ended, and the related hotes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023, and the results of its operations and its cash flows for the year ended, in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements 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 RCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are 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 statements, whether due to er 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 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. #### Auditor's Report on Supplemental Information The information contained in Schedule I - Computation of Net Capital pursuant to Uniform Net Capital Rule 15c3-1 of Securities and Exchange Commission ("Supplemental Information") has been subjected to audit procedures performed in conjunction with the audit of Company's financial statements. The Supplemental Information is the responsibility of the Company's management. Our audit procedures included determining whether the Supplemental Information reconciles to the financial statements or the underlying accounting and other records, as applicable and performing procedures to test the completeness and accuracy of the information presented in the Supplemental Information. ![](_page_3_Picture_14.jpeg) {4}------------------------------------------------ In forming our opinion on the Supplemental Information, we evaluated whether the Supplemental Information, including its form and content, is presented in conformity with Rule 17a-5. In our opinion, the Supplemental Information is fairly stated, in all material respects, in relation to the financial statements as a whole. Morumines & Arsociates LCP Mercurius & Associates LLP (Formerly known as AISH & Co LLP) We have served as the Trutoro's (Veritas Independent Partners, LLC) Auditor since 2018. New Delhi, India March 29, 2024 {5}------------------------------------------------ ### STATEMENT OF FINANCIAL CONDITION #### DECEMBER 31, 2023 ### ASSETS | Total assets | | \$ 176,796 | |-----------------------------------------|----|------------| | Undeposited funds | | 4,167 | | Central registration depository account | | 1,416 | | Other receivables | | 4,757 | | Commissions receivable | | 120,058 | | Cash | ಕೆ | 46,398 | ### LIABILITIES AND MEMBER'S EQUITY #### LIABILITIES: | Accounts payable and accrued expenses
Related party payables | S | 104,709
15,222 | |-----------------------------------------------------------------|----|-------------------| | Total liabilities | | 119,931 | | COMMITMENTS AND CONTINGENCIES (Notes 5 and 6) | | | | MEMBER'S EQUITY (Note 2) | | 56,865 | | Total liabilities and member's equity | ﮨﻮ | 176,796 | The accompanying notes are an integral part of this statement. {6}------------------------------------------------ #### STATEMENT OF INCOME # FOR THE YEAR ENDED DECEMBER 31, 2023 | REVENUES: | | |-----------------------|-----------------| | Commissions | ಕಾ
2,092,182 | | Reimbursed expenses | 55,136 | | Other income | 66 | | Total revenues | 2,147,384 | | EXPENSES: | | | Commission | 1,758,915 | | Professional services | 35,852 | | Personnel | 212,590 | | General operating | 96,712 | | Insurance | 26,967 | | Regulatory | 28,500 | | Marketing | 1,195 | | Other | 896 | | Total expenses | 2,161,627 | | NET LOSS | S
(14,243 | The accompanying notes are an integral part of this statement. {7}------------------------------------------------ #### - #### |



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6763 | [ | cdefdc | FG@-HIICJKHLMNLO-LCA@D-P@-QL-NLA@RS-KHTU-CV-WND-DAHA@J@XAY- {9}------------------------------------------------ ### NOTES TO FINANCIAL STATEMENTS #### December 31, 2023 #### NOTE 1- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES #### Organization and Business Trutoro (Veritas Independent Partners, LLC) (the "Company") is an Arkansas limited liability company formed on September 9, 2013. The Company is affiliated with Cardinal Investment Group ("Cardinal"), a registered branch office of the Company and Tartan Properties through common ownership. The Company is registered with the Securities and Exchange Commission (SEC), and licensed by the Financial Industry Regulatory Authority, Inc. (FINRA). The Company operates as a securities broker-dealer for mutual funds, variable annuities, and investment advisory services. #### 15c3-3 Exemption The Company carries no customer funds or securities and therefore is exempt from the reserve and possession or control requirements under Rule 15c3-3(k)(2)(i) of the Securities Exchange Act of 1934. The Company identified the provisions of Footuote 74 under which the Company is not required to claim an exemption from 17 C.F.R 240.15c3-3. #### Revenue Recognition The Company's main source of revenue is mutual funds, variable annuities, and investment advisory services, which are accounted for as contracts with customers. Under the guidance for contracts with customers, the Company is required to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the Company satisfies its performance obligation. #### Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers with a maturity of three months or less to be cash equivalents. #### Income Taxes The Company is not a taxable entity and thus the financial statements do not include a provision for income taxes. The Company's members are taxed on their respective share of the Company's earnings. The Company is required to determine whether a tax position is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any tax related appeals or litigation processes, based on the technical merits of the position. The Company files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. states. The Company is not subject to income tax return examinations by major taxing authorities for years before 2020. The tax benefit recognized is measured as the largest amount of benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. De-recognition of a tax benefit previously recognized results in the Company recording a tax liability that reduces net assets. However, the Company's conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses to tax laws, regulations and interpretations thereof. The Company recognizes interest accrued related to unrecognized tax benefits and penalties related unrecognized tax benefits in income taxes payable, if assessed. No interest expense or penalties have been recognized as of and for the year ended December 31, 2023. {10}------------------------------------------------ #### - - - -- #### -- - - -!"#- #### -( -)- \*\*+,-- - - -- ./-012345- #### 6789:;6- - \$%&' <=1>?@A@12-BC@C-@CDA>2@C-=14->CCEAF2G01C-H1-FI@FJ1?-2K@C@-L1>1/G>M-C2>2@A@12C-G1->//0I4=1/@-NGO- >//0E1P1Q-FR1/GFM@C-Q@1@I=MMS->//@F2@4-G1-O@-T1G2@4-UVWX@C-0Y-ZA@IG/>[-\K0C@-@C]A>2@C-=14->CCBAFVG01C- >^@/2-O@-I@F0I\_@4-=A0B12C-0Y-=CC@2C-=14-MG>`GMG2G@Ca-2K@-4GC/M0CEI@-0Y-/01P1Q@12->CC@2C->b4-MG>`GMG]@Ca-=14-O@- I@F0I\_@4-I@c@1B@C-=14-@dF@1C@C[e/2f>M-I@CBM2C-/0BM4c>ISg0A-O@-@C]A>2@C-O>2-N@I@-BC@4[- #### ;96;6- \K@h0AF>ijkC->//0B12H1?-=14-I@F0ID1?-0Y-G2C-M@>C@C-/0AFMG@C-NGOleUmeUhnopaq@>C@[-U@@r02@s[- #### ;t;u:vwuwxut;8;u:6- \K@I@-N@I@-10-1@N->//0BbP1?-FI010B1/@A@12C-I@M@c>b2yI-O@-S@>I-@14@4z@/@A`@Is{ap|psa-O>2-N@-`@MG@c@- N0BM4-K>c@->-A>2@IG>M-HAF>/2-01-0BI-}1>1/G~-F0CGVG01-0I-I@CBM2C-0Y-0F@I>]01C[- #### -- - - - CB=12-20-O-1@2-/>FG2>-FI0GCG01C-0Y-M@-{/s{-0Y-2K@-U@/BIG2G@C-/K=1?@e/2-0Y-{soa-O@h0AF=1S-GC- I@BGI@4-20-A12>H1->-AH1GABA-1@2-/>FG2=a->C-4@1@4-B14@I-CB/K-FI0GCG01C[e2z@/@A`@Is{ap|psa-O@- h0AF>1S-K>4-1@2-/>FG2=M-=14-1@2-/>FG2=-I@BGI@A@12C-0Yoao-=14aa-I@CF@/]c@MS-\K@h0AF=1S3C-1@2- />FG2=-I>0->??I@?>2@-G14@`2@41@CC-20-1@2-/>F2>5-N>Cp[n-20-{e//0IG1?-20-BM@-{/s{a-O@h0AFjC-1@2- />FG2>M-IW0-CK>MM-102-@d/@@4-{-20-{[- #### -- - \K@h0AFj-GC->-M@CC@@-H1->-101 /=1/@M>`M@-0F@I>]1?-M@>C@yI-0¡/@-CF>/@-CB`¢@/2-20eUhnopaq@>C@C[-\K£- M@>C@->¤@@A@12-40@C-102-G1¥¦B4@->-2@§G1>2G01-0I-I@1@N=-0F]01yI-@GO@I-F¨ a-0I-I@C©G/2Gc@-L1=1/G>-0I-0O@I- /0c@1=12C-\K@-101ª/=1/@M>`M@-0F@I>]1?-M@>C@-GC-C@2-20-@dFHI@-01-<>S-{ap|po[- #### -«- -¬- -)-\*\* \* - \K@h0AF=1S-GC->¡MG>2@4-NGOh=I®1~-¯c@C°@12-±I0BF-²h>I4H1>³5a->-I@?GC2@I@4-`´=1/K-0¡/@-0Y-O@- h0AF=ij->14-\µ=1-I0F@ID@C-¶0B·-/0AA01-0N1@ICKGF[- \K@h0AF>ij-K>C-=1-@dF@1C@-CKJ1?->¤@@A@12-¸¹Ue³5-NGOh>I4®1~[-T14@I-O@->¤@@A@12a-O@h0AF=ij- F>SC-=1->MM0/W01-0Yh=I4G1=MC-B2GMG2G@C[- \K@h0AF=1S-@12@I@4-G120->-M@>C@->¤@@A@12-NGO-\>IV=1-I0F@IVG@C-NKG/K-NGMM-@dFGI@-<>S-{ap|po- e2z@/@A`@Is{ap|ps-O@I@-N@I@-I@M>2@4-F¨ -F>S>`M@C-0Y-{appp-O>2->I@-/0AAGCCG01C-4B@-20-O@-A@A`@IC-0Y-O@l®§[-º@lG§-K>C-I@/0I4@4-{|nan->C-FW»I0MM-@dF@1C@-=14psaons->C-/0¼AGCCG01-@dF@1C@-F>G4-20- A@A`@ICyIp|ps[- {11}------------------------------------------------ ### NOTES TO FINANCIAL STATEMENTS (continued) ### NOTE 5-FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISK AND CONTINGENCIES The Company's financial instruments, including cash and cash equivalents, accounts receivable and other assets and accounts payable are carried at amounts that approximate fair value due to the short-term nature of those instruments. ### NOTE 6-SUBSEQUENT EVENTS The Company has performed an evaluation of subsequent events through the date the financial statements were issued. The evaluation did not result in any subsequent events that required disclosures and/or adjustments. {12}------------------------------------------------ # SUPPLEMENTARY INFORMATION {13}------------------------------------------------ ### SCHEDULE I ## TRUTORO (VERITAS INDEPENDENT PARTNERS, LLC) ### COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES EXCHANGE ACT OF 1934 ### DECEMBER 31, 2023 | CREDIT: | | | |------------------------------------------------------------------------------|-------|----------------| | Stockholders' equity | ਦਿੱਤੇ | 56,865 | | | | | | Total credits | | રેર્દે જિર્ણ ર | | DEBITS: | | | | Nonallowable assets: | | | | Receivables | | 4,785 | | Central registration depository account | | 1,416 | | Undeposited funds | | 4,167 | | | | | | Total debits | | 10,368 | | NET CAPITAL | | 46,497 | | Minimum requirement of 6-2/3% of aggregate indebtedness of | | | | \$119,931 or \$5,000, whichever is greater | | 7,995 | | Excess net capital | ક | 38,502 | | | | | | AGGREGATE INDERTEDNESS: | | | | Accounts payable, accrued expenses & related party payables | | \$ 119,931 | | RATIO OF AGEREGATE INDEBITIONESS TO NET CAPITAL | | 2.58 to 1 | | NOTE: There are no material differences between the above computation of net | | | capital and the corresponding computation as submitted by the Company with the unaudited Form X-17A-5 as of December 31, 2023. See Independent Auditor's Report. {14}------------------------------------------------ ![](_page_14_Picture_0.jpeg) MERCURIUS & ASSOCIATES LLP Formerly known as AJSH & Ca. LLP > હી +91 11 4559 6689 info@masllp.com 103 ww.masllp.com 12 Report of Independent Registered Public Accounting Firm To the Members of Trutoro (Veritas Independent Partners, LLC) We have reviewed Trutoro's (Veritas Independent Partners, LLC) statement, included in the accompanying Trutoro's (Veritas Independent Partners, LLC) Exemption Report, in which: (1) Company does not claim an exemption under paragraph (k) of 17 C.F.R. §240.15c3-3 and (2) Company stated that it is filing the Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R.§240.17a-5 because the company limits its business activities, exclusively to Mutual fund retailer (application way), Broker selling variable life insurance or annuities, Investment advisory services and Municipal securities retailer - 529 plans only and the Company 1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers 2) did not carry accounts of, or for, customers; and 3) did not carry PAB accounts {as, defined in Rule 15c3-3) throughout the most recent fiscal year ended December 31, 2023, without exception. The Company's management is responsible for the statement and for compliance with the provisions of Footnote 74 of the SEC Release No.34-70073 adopting amendments to 17 C.F.R.S240:17a-5 throughout the year ended December 31, 2023. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about the Company's compliance with the provisions of Footnote 74 of the SEC Release No. 34- 70073 adopting amendments to 17 C.F.R.§240.17a-5. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statement. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statement referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in SEC Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5. Mercurius & Associate LLP (formerly known as AISH & Co LLP) New Delhi, India March 29, 2024 ![](_page_14_Picture_14.jpeg) {15}------------------------------------------------ ### EXEMPTION REPORT REQUIREMENT FOR BROKER/DEALERS UNDER RULE 17a-5 OF THE SECURITIES EXCHANGE ACT OF 1934 #### DECEMBER 31, 2023 Trutoro (Veritas Independent Partners, LLC) (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. §240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following: (1) The Company does not claim an exemption under parageaph (k) of 17 C.F.R. § 240. 15c3-3, and, (2) The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to: (1) effecting securities transactions via subscription way basis where the funds are payable to the issuer or its agent and not to the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscription way basis where the funds are payable to the issuer or its agent and not to the Company); (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. I, Debra Shannon, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. Signature Managing Member Title See Independent Auditor's Report. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.