# LOCKWOOD SECURITIES LLC X-17A-5 (2021-02-12) — Broker-dealer annual report
- Company: LOCKWOOD SECURITIES LLC
- Form: X-17A-5
- Filed: 2021-02-12
- Period: 2020-12-31
- Accession: 0001591940-21-000001
- 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/1591940/000159194021000001/lockwoodpub.pdf
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UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
## **ANNUAL AUDITED REPORT FORM X-17A-5 PART Ill**
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| Expires: | August 31, 202-0 |
| Estimated average burden | |
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SEC FILE NUMBER S-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 O 1 | /0
1 /2020 | | AND ENDING 12/31 /2020 | |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------|---------|--------------------------------|--|
| | MM/DDIYY | | lvlMIDD/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) | (Stoto) | | (Zip Code) | |
| NAME AND TELEP] !ONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
Curtis WeelINDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report"
Goldman and Company, CPAs PC | B. ACCOUNTANT IDENTIFICATION | | (Area Code - Telephone Number) | |
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(Name: - if tndlvldual, state lost, first. middle name) | | | |
| 3535 Roswell Rd, Suite 32 | Marietta | GA | 30062 | |
| (Address) | (City} | (State) | (Zip Code) | |
| CHECK ONE:
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I certified Public Accountant
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Public Accountant
Accountant not resident in United States or any of its possessions.
B | FOR OFFICIAL USE ONLY | | | |
| | | | | |
*\*Claims for exemptionfrom 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)
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#### **OATH OR AFFIRMATION**
| r, Jeffrey C. Lockwood | , 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
20 20 | are true and correct. I further swear (or affirm) that |
| neither the company nor any partner, proprietor, p.rincipal officer or director has any proprietary interest in any account
classified solely as that of a customer, except as follows: | |
| | |
| This report ** contains (check a11 applicable boxes):
[2] (a) Facing Page.
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(b) Statement of Financial Condition. | CEO
Title
OKEY ARIZOR
Notary Public, State of New York
No. 01AR6189659
Oualified in Bronx Cou�_ •)Jl
Commission Expires June 30, 200.I
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| 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 Changes in Financial Condition.
(e) Statement of Changes in Stockholders' Equity or Partners· or Sole Proprietors' Capital.
B
0
(t) Statement of Changes in Liabilities Subordinated to Claims of Creditors.
(g) Computation of Net Capital.
(h) Computation for Determination of Reserve Requirements Pursuant to Rule 15 c3-3.
§
(i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3.
O U) A Reconciliation, including appropriate explanation of the Computation of Net Capital Under Ruic l 5c3-1 and the
Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3. | |
| 0
consolidation.
(I) An Oath or Affirmation.
(m) A copy of the SIPC Supplemental Report.
§ | (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of
(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 certain portions of this filing | . see section 240. J 7a-5 (e)(3). |
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#### 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 a.. D th e e ce stat mb e e m r e 3 n 1 t , o 2 f 0 fi 2 n 0 an , a c n i d al th co e n r d el i ate tion d p n r o e t s e e s n ( ts co f ll air ec l ti y v , e in ly a r ll efe m rr at e e d ria to l r as esp th ec e ts fi , n th an e ci fin al a s n ta c t i e a m l pos ent) i . ti In on o o u f r L o o p c ini kw on oo , Securities, LLC as of December 31, 2020 in conformity with accounting principles generally accepted in the O United States of America. U
### Basis for Opinion
T is h t i o s fi ex na p n re c s ia s l a s n ta o te p m in e i n o t n is on the Lo re c s k p w o o n o si d bi S li e ty cur of iti L es o , ckw LL o C o 's d S fin ec an uri c ti ia e l s, st L at L em C' en s m t b an ased agem on en o t ur Our audi re t s . po W n e sib ar ili e ty 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 D[j 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 15, 2021
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#### **LOCKWOOD SECURITIES LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2020**
#### ASSETS
| Cash and cash equivalents
Accounts receivable | \$ | 1,136,206
3,366 |
|--------------------------------------------------|----|--------------------|
| Furniture & Equipment, inclusive of depreciation | | 501 |
| Deposits | | 2,747 |
| Prepaid expenses | | 4176 |
| Total assets | s | l46,926
1� |
| LIABILITIES AND MEMBER'S EQUITY | | |
| LIABILITIES | | |
| Accounts payable | \$ | 4,097 |
| Accrued expenses | | 9168 |
| Total liabilities | | 13.265 |
| MEMBER'S EQUITY | | |
| Total member's equity | | 1,133.731 |
| Total liabilities and member's equity | \$ | l.146,.2.Q6 |
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.