Full text of J.P. Morgan Securties LLC's X-17A-5 filed 2026-02-26 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ (an indirect wholly-owned subsidiary of JPMorgan Chase & Co.) # **Consolidated Statement of Financial Condition and Supplemental Schedules December 31, 2025** {1}------------------------------------------------ (an indirect wholly-owned subsidiary of JPMorgan Chase & Co.) # **Table of Contents December 31, 2025** | | | Page | |----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------| | | Report of Independent Registered Public Accounting Firm | 1 | | | Consolidated Statement of Financial Condition<br> | 2 | | | Notes to Consolidated Statement of Financial Condition<br> | | | Note 1. | Organization | 3 | | Note 2. | Significant accounting policies | 4 | | Note 3. | Fair value measurement of financial instruments<br> | 9 | | Note 4. | Fair value option<br> | 18 | | Note 5. | Customer activities | 19 | | Note 6. | Derivative instruments | 20 | | Note 7. | Employee benefits and compensation<br> | 26 | | Note 8. | Securities financing activities<br> | 28 | | Note 9. | Variable interest entities | 30 | | Note 10. | Short-term borrowings<br> | 32 | | Note 11. | Long-term debt | 32 | | Note 12. | Subordinated borrowings<br> | 32 | | Note 13. | Related parties | 32 | | Note 14. | Accumulated other comprehensive income/(loss) | 33 | | Note 15. | Regulatory requirements | 33 | | Note 16. | Commitments, guarantees, pledged assets, collateral and contingencies | 34 | | Note 17. | Subsequent events | 37 | | | Supplemental Schedules | | | | Computation of Segregation Requirements and Funds in Segregation for Customers Trading on U.S. Commodity<br>Exchanges pursuant to Section 4d(a)(2) of the Commodity Exchange Act<br> | 38 | | | Computation of Secured Amounts and Funds Held in Separate Accounts for Foreign Futures and Foreign<br>Options Customers pursuant to Commission Regulation 30.7 | 39 | | | Computation of Cleared Swaps Customer Segregation Requirements and Funds in Cleared Swaps Customer<br>Accounts under 4d(f) of the Commodity Exchange Act | 40 | {2}------------------------------------------------  #### Report of Independent Registered Public Accounting Firm To the Board of Managers and Member of J.P. Morgan Securities LLC and Subsidiaries #### *Opinion on the Financial Statement - Consolidated Statement of Financial Condition* We have audited th…Read the full text as markdown