# T. E. LAIRD SECURITIES, LLC X-17A-5/A (2026-03-06) — Broker-dealer annual report - Company: T. E. LAIRD SECURITIES, LLC - Form: X-17A-5/A - Filed: 2026-03-06 - Period: 2025-12-31 - Accession: 0001591589-26-000003 - CIK: 1591589 - File #: 8-69386 - Type: Broker-dealer - Material weakness: No - Auditor: Ohab & Co, PA - Auditor location: Maitland, FL - Contact: Tom Laird - Phone: 6127708010 - Signed by: Thomas E Laird (CEO, CCO & Managing Partner) Original filing: https://www.sec.gov/Archives/edgar/data/1591589/000159158926000003/telauditpublic25.pdf --- {0}------------------------------------------------ PUBLIC **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL REPORTS FORM X-17A-5 PART** Ill **FACING PAGE** 0MB APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER **Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** FILING FOR THE PERIOD BEGINNING ----,l,\_/\_1+/-~"--5" \_\_\_ AND ENDING / ~M/DD/YY lo?/~/~ 1 MM/fo/YY **A. REGISTRANT IDENTIFICATION** TYPE OF REGISTRANT (check all applicable boxes}: l:!l Broker-dealer D Security-based swap dealer D 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.} rCJ t2hs 1/:v--e/MA.R\_ (No. and Street) Mil/ (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING 7~~~ (Name) G,2/7-~,.. g-p,o (Arfu:Code - Telephone Number) f ~ ~£ /:e~ ~~~-ct/Yl- (EmaiI Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* OHAB AND COMPANY, PA (Name - if individual, state last, first, and middle name) 100 E SYBELIAAVENUE, SUITE 130 **MAITLAND** FL 32751 (Address) (City) (State) (Zip Code) JULY 28, 2004 1839 **FOR OFFICIAL USE ONLY (PCAOB Regfatrat;oo N"mbe,,** ;f **,ppUcable)** I \* 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)(l)(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 0MB control number.** {1}------------------------------------------------ #### **OATH OR AFFIRMATION** 1, /:; ~ *J* r a irm) that, to the best of my knowledge and belief, the financial repo pertaining to the firm of le **C-** as of ------'-"'f---''---------' 2~ is true and correct. I further swear (or affirm) that neither the company nor any partner, offic r, director, or equivalent person, as the case may be, has any proprietary interest in any account clas • • d solely as that of a customer. SHELBY TANNER Ti NOTARY PUBLIC • MINNESOTA My Commission Expires Jan. 31, 2028-ft+----+-------'---'--,,:;-1---'"-1--=--- ~~-;p---~~~~~~~ #### **This filing\*\* contains (check all applicable boxes):** - **iii** (a) Statement of financial condition. - **iii** (b) 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 (d) Statement of cash flows. - D (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (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. - D (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - D (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, 6f 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 subsidiarie\_s not consolidated in the statement of financial condition. - **iii** (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. - D (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. - **iii** (t) Independent public accountant's report based on an examination of the statement of financial condition. - D (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. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e 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}------------------------------------------------ St. Paul, Minnesota ## FINANCIAL STATEMENTS Including Report of Independent Registered Public Accounting Firm As of and for the Year Ended December 31, 2025 {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) 100 E. Sybclia Ave. Suite 130 Maitland. FL 32751 *Certified Public Accountants* I 111,111· pan1 ii oh:1hu1 uilll Telephone 407-740-7311 Fax 407-740-6441 #### REPORT OF INDEPENDENT REGISTERED PUBLIC **ACCOUNTING FIRM** To the Member of T E. Laird Securities, LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of T.E. Laird Securities, LLC as of December 31, 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 T.E. Laird Securities, LLC as of December 31, 2025 in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of TE. Laird Securities, LLC's management. Our responsibility is to express an opinion on T.E. Laird 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 T.E Laird Securities, LLC in accordance with the U.S. federal secuntIes 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. 0-f..;-Y -~ ~-QA., We have served as TE. Laird Securities, LLC's auditor since 2019 Maitland, Florida February 17, 2026 {4}------------------------------------------------ #### STATEMENT OF FINANCIAL CONDITION As of December 31, 2025 | ASSETS | | |---------------------------------------|---------------| | CASH & CASH EQUIVALENTS | \$
371,989 | | OTHER ASSETS | 76 | | TOTAL ASSETS | 372.065 | | | | | LIABILITIES AND MEMBER'S EQUITY | | | ACCOUNTS PAYABLE | 780 | | LONG TERM LIABILITY | | | Note Payable -
SBA | 134 524 | | TOTAL LIABILITIES | 135,304 | | MEMBER'S EQUITY | 236 761 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | \$
372 065 | {5}------------------------------------------------ NOTES TO FINANCIAL STATEMENTS As of and for the Year Ended December 31, 2025 ## **NOTE 1** - **Summary of Significant Accounting Policies** ## Nature of Business T.E. Laird Securities, LLC (the "Company") was organized in Delaware as a limited liability company on October 3, 2013. The Company offers investment banking services to the public. As of March 18, 2015, the Company is registered as a broker-dealer under the Securities Exchange Act of 1934 and is a member of the Securities Exchange Commission ("SEC"), Financial Industry Regulatory Authority ("FINRA"), Municipal Securities Rulemaking Board ("MSRB"), and Security Investors Protection Corporation ("SIPC"). The Company is a wholly-owned subsidiary of TEL Holdings, LLC. The Company is engaged in a single line of business as a securities broker-dealer, which is primarily investment banking fees. #### Cash & Cash Equivalents The Company maintains its cash in financial institutions and money market mutual funds. The balances, at times, may exceed federally insured limits. For purposes of reporting the statement of cash flows, the Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Cash balances in excess of FDIC and similar insurance coverage are subject to the usual banking risks associated with funds in excess of those limits. At December 31, 2025, the Company had no uninsured cash balances. ### Revenue Recognition Revenue is derived from investment banking activities which include underwriting, placement, and M&A advisory fees among other things. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgement is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. Revenue is generally recognized on the trade date in an underwriting of securities, on the settlement date in a placement of securities, and generally at a point in time that performance is completed in an M&A advisory engagement. Fees are recognized at the point in time when the Company's performance under the terms of the contractual arrangement is completed, which is typically at the closing of the transaction. Reimbursed expenses related to these transactions are recorded as revenue and are included in investment banking fees. In certain instances, for advisory contracts, the Company will receive amounts in advance of the deal's closing. In these instances, revenues are recognized over time in which the performance obligations are simultaneously provided by the Company and consumed by the customer. At December 31, 2025, there were no advances or open contracts. The Company received interest income from its banking relationships in the amount of \$4,115 as well as U.S. Treasury instruments of less than one year in the amount of \$8,207. #### Income Taxes The Company is a disregarded entity for federal and state income tax purposes. The Company's taxable income or loss is taxed on the sole member's income tax returns. Therefore, no provision or liability for federal or state income taxes has been included in the financial statements. The Company is not currently under examination by any taxing jurisdiction. {6}------------------------------------------------ ## NOTES TO FINANCIAL STATEMENTS As of and for the Year Ended December 31, 2025 ### Management's 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 the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. ## **NOTE 2 - Net Capital Requirements** The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule 15c3-1, which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Net capital and the related net capital ratio fluctuate on a daily basis. As of December 31, 2025, the Company had net capital of \$236,685 which was \$227,665 in excess of its required net capital of \$9,020. The Company's aggregate indebtedness to net capital ratio was 0.57 to 1 as of December 31, 2025. No material differences exist between the net capital calculated above and the net capital computed and reported in the Company's December 31, 2025' FOCUS filing. Per Rule 15c3-3 of the Securities and Exchange Commission Uniform Net Capital Rule, the Company is exempt under the (k)(2)(i) exemption. ## **NOTE 3** - **Long Term Liability** The Company entered into a promissory note with the U.S. Small Business Administration on August 27, 2020 for \$150,000 loan. Installment payments begin twelve months after. The balance of interest and principal are payable monthly and begin August 28, 2020 through August 28, 2050. The interest rate is 3.75% and the proceeds were used for general working capital. ## **NOTE 4 - Commitments & Contingencies** The Company does not have commitments and contingencies. ### **NOTE 5 - Segment Reporting** The Company's investment banking segment derives revenues from customers for investment banking fees. The accounting policies for this segment are the same as those described in NOTE 1, Summary of Significant Accounting Policies. The chief operating decision maker assesses performance for the investment banking fee segment and decides allocation of resources based on net income as reported on the income statement and segment assets as reported as total assets on the balance sheet. The chief operating decision maker uses net income to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into this segment or other areas, such as acquisitions or paying dividends. Net income is used to monitor, among other things, budget versus actual result, competitive analysis, and benchmarking. The Company has one reportable segment: investment banking fees as the primary source of its revenue. The Company's chief operating decision maker is the CEO & President. {7}------------------------------------------------ NOTES TO FINANCIAL STATEMENTS As of and for the Year Ended Decemoer 31, 2025 ## **NOTE 6 - Company Conditions** The Company had a loss of \$2,312 for the year ending December 31, 2025 and has historically received capital contributions from its stockholder for working capital. The Company's stockholder has represented the intent to make capital contributions to ensure the Company's continuing operations and the wherewithal thereto. Management expects the Company to continue as a going concern and the accompanying financial statements have been prepared without adjustment on that basis. ## **NOTE 7 - Subsequent Events** The Company has evaluated subsequent events occurring through the date that the financial statements were available to be issued, for events requiring recording or disclosure in the Company's financial statements. The Company concluded there have not been any events that have occurred that require recognition. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.