# LOCKWOOD SECURITIES LLC X-17A-5 (2020-02-20) — Broker-dealer annual report - Company: LOCKWOOD SECURITIES LLC - Form: X-17A-5 - Filed: 2020-02-20 - Period: 2019-12-31 - Accession: 0001591940-20-000001 - CIK: 1591940 - File #: 8-69388 - Material weakness: No - Auditor: Goldman and Company, CPAs PC - Auditor location: Marietta, GA - Contact: Curtis Weeks - Phone: 678-679-8642 - Signed by: Jeffrey C. Lockwood (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1591940/000159194020000001/lockwoodpublic.pdf --- {0}------------------------------------------------ Publicly Available UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 # ANNUAL AUDITED REPORT FORM X-17A-5 PART III | OMB Number: | 3235-0123 | | | | | | |---------------------------|-----------------|--|--|--|--|--| | Expires: | August 31, 2020 | | | | | | | Estimated average burden | | | | | | | | hours per response 12.00 | | | | | | | | | | | | | | | OMB APPROVAL SEC FILE NUMBER 8-69388 FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder REPORT FOR THE PERIOD BEGINNING 01/01/2019 2 2 2 AND ENDING 12/31/2019 | | | MM/DD/YY | | MM/DD/YY | | | |---------------------------------------------------------------------|------------------------------------------------|--------------------------------------------------------------------------|---------|--------------------------------|--|--| | | | A. REGISTRANT IDENTIFICATION | | | | | | | NAME OF BROKER-DEALER: LOCKWOOD Securities LLC | | | OFFICIAL USE ONLY | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | | | FIRM I.D. NO. | | | | | 1140 Avenue of the Americas, 9th floor | | | | | | | | | (No. and Street) | | | | | | | New York | NY | | 10036 | | | | | (City) | (State) | | (Zip Code) | | | | | Curtis Weeks
678-679-8642 | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT | | | | | | | | | | (Area Code - Telephone Number) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report* | | | | | | | Goldman and Company, CPAs PC | | | | | | | | | (Name - if individual, state last, first, middle name) | | | | | | | 3535 Roswell RD | Mariette | GA | 30062 | | | | | (Address) | (City) | (State) | (Zip Code) | | | | | CHECK ONE: | | | | | | | | Certified Public Accountant | | | | | | | | Public Accountant | | | | | | | | | | | | | | | Accountant not resident in United States or any of its possessions. | | | | | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | \*Claims for exemption from the requirement that the annual report be covered by the opinion of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis for the exemption. See Section 240.17a-5(e)(2) > Potential 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. SEC 1410 (11-05) SEC 1410 {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | Jeffrey C. Lockwood
I, | , swear (or affirm) that, to the best of | |------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of
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, as | | of December 31 | 2019
are true and correct. I further swear (or affirm) that | | | neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account | | classified solely as that of a customer, except as follows: | | | | | | | | | | | | | | | | | | | | | | | | | CEO | | | | | | | | | | | | | | | Statement of Income (Loss) or, ifthere 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 Changes in Financial Condition.
§ | (e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital. | | (f) Statement of Changes in Liabilities Subordinated to Claims of Creditors. | | | Computation of Net Capital.
(g) | | | §
(b) | Computation for Determination of Reserve Requirements Pursuant to Rule l 5c3-3. | | (i)
D | Information Relating to the Possession or Control Requirements Under Rule 15c3-3. | | U) | A Reconciliation, including appropriate explanation of the Computation ofNet Capital Under Rule 15c3-l and the
Computation for Determination of the Reserve Requirements Under Exhibit A of Rule l 5c3-3. | | D | (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of | | consolidation. | | | (I) An Oath or Affirmation. | | | (m) A copy of the SIPC Supplemental Report.
� | | | D | (n) A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit. | \*\* *For conditions of confidential treatment of certainportions of this filing, see section 240.l 7a-5(e)(3).* {2}------------------------------------------------ ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of Lockwood Securities, LLC ### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Lockwood Securities, LLC as of 0... D th e e c s e ta m t b em er e 3 n 1 t , o 2 f 0 fi 1 n 9 a , n a c n i d al th c e on r d el i a ti t o e n d p n r o e t s e e s n ( t c s o fa lle ir c ly tiv , e in ly all refe ma rr t e e d ria to l r a e s sp th e e cts fi , n t an he ci fi a n l a s n ta ci te a m l p e o nt s ) it . i In on o o u f r L o o p c in k i w on oo , Securities, LLC as of December 31, 2019 in conformity with accounting principles generally accepted in the O United States of America. U ## Basis **for Opinion** � This financial statement is the responsibility of Lockwood Securities, LLC's management. Our responsibility is to express an opinion on Lockwood 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 Lockwood 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 the Company's auditor since 2015. Goldman & Company, CPA's, P.C. Marietta, Georgia February 17, 2020 {3}------------------------------------------------ # **LOCKWOOD SECURITIES LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2019** #### ASSETS | | 2019 | | |--------------------------------------------------------------|------|--------| | Cash
and
cash
equivalents | \$ | 81,177 | | Right-of-Use
asset | | 6,855 | | Furniture
inclusive
of
& Equipment,
depreciation | | 1,237 | | Deposits | | 2,815 | | Prepaid
expenses | | 4 176 | | Total
assets | \$ | 96!260 | | LIABILITIES AND MEMBER'S EQUITY | | | | | | | | LIABILITIES | | | | Accounts payable | \$ | 2,923 | | Accrued
expenses | | 7,756 | | Right-of-Use
liability | | 6 855 | | Total
liabilities | | 17 534 | | | | | | MEMBER'S EQUITY | | | | Total
member's
equity | | 78 726 | | Total
liabilities
and
member's
equity | \$ | 96260 | The accompanying notes are an integral part of these financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.