Full text of BABCOCK & BROWN SECURITIES LLC's X-17A-5 filed 2026-03-26 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------  # BABCOCK & BROWN SECURITIES LLC (A Limited Liability Company) FINANCIAL STATEMENT As of December 31, 2025 {1}------------------------------------------------ # **CONTENTS** # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM # **FINANCIAL STATEMENT** | Statement of Financial Condition | 1 | |----------------------------------|-----| | Notes to Financial Statement | 2-6 | {2}------------------------------------------------ # **STATEMENT OF FINANCIAL CONDITION** December 31, 2025 #### **ASSETS** | Total Assets | \$11,924,586 | |-------------------------------------|--------------| | Other assets | 13,355 | | Due from affiliate | 28,783 | | Other investments | 12,166 | | Note receivable (Note 6) | 300,443 | | Receivables, net (Notes 2<br>and 6) | 8,608,875 | | Cash and cash equivalents | \$2,960,964 | #### **LIABILITIES AND MEMBER'S EQUITY** | Total Liabilities and Member's Equity | \$11,924,586 | |---------------------------------------|--------------| | Member's Equity | 10,230,738 | | Total Liabilities | 1,693,848 | | Deferred compensation | 237,289 | | Due to affiliate | 534,256 | | Accrued Expenses | \$922,303 | The accompanying notes are an integral part of these financial statements. {3}------------------------------------------------ # **NOTES TO FINANCIAL STATEMENT** # **1. ORGANIZATION AND NATURE OF OPERATIONS** #### **Nature of Operations** Babcock & Brown Securities LLC (the "Company") is a registered broker-dealer under the Securities Exchange Act of 1934 and is a member of both the Financial Industry Regulatory Authority, Inc. ("FINRA") and the Securities Investors Protection Corporation ("SIPC"). The Company is a single-member Connecticut limited liability company wholly-owned by B&B Security Holdings LLC ("B&BSH"), a Connecticut limited liability company. The Company has been approved by FINRA to engage in the private placement of securities, act as a brokerdealer in selling interests in unregistered private investment funds and engage in mergers and acquisitions in an advisory capacity. ## **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** #### **Basis of Presentation** The financial statement has been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). #### **Cash and Cash Equivalents** Cash held by the Company consists of deposits with banks. The Company considers all highly liquid debt instruments…Read the full text as markdown