Full text of TASTYTRADE, INC.'s X-17A-5 filed 2023-11-07 (period 2023-05-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # **tastytrade, Inc. Financial Report May 31, 2023** Filed public information pursuant to Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 {1}------------------------------------------------ {2}------------------------------------------------  - - - - - - - - - - - - - - - - - - - - - - - - - - - {3}------------------------------------------------ # **Contents** | Report of Independent Registered Public Accounting Firm | 1 | |---------------------------------------------------------|--------| | Financial statement: | | | Statement of financial condition | 2 | | Notes to financial statement | 3 - 14 | {4}------------------------------------------------  # **Report of Independent Registered Public Accounting Firm** To the Shareholder and the Board of Directors of tastytrade, Inc. # *Qualified Opinion on the Financial Statement – Statement of Financial Condition* We have audited the accompanying statement of financial condition of tastytrade, Inc. (the "Company") as of May 31, 2023, including the related notes (collectively referred to as the "financial statement"). In our opinion, except for the effects of such adjustments, if any, as might have been determined to be necessary had we been able to examine evidence regarding the safeguarding liability and corresponding safeguarding asset, as described in the following paragraph, the financial statement presents fairly, in all material respects, the financial position of the Company as of May 31, 2023 in conformity with accounting principles generally accepted in the United States of America. As discussed in Note 2 to the financial statement, during the fiscal year ended May 31, 2023, the Company applied the guidance set forth in Securities and Exchange Commission Staff Accounting Bulletin 121 regarding the accounting for obligations to safeguard crypto assets held for users of the Company's platform. As a result, the Company recognized a safeguarding liability, and a corresponding safeguarding asset, in its statement of financial condition as of May 31, 2023. We were unable to obtain sufficient appropriate audit evidence to support the Company's crypto asset safeguarding liability and corresponding safeguarding asset of \$32.3 million and \$32.3 million, respectively, as of May 31, 2023, due to the inability to access certain underlying financial information maintained at third party custodians,…Read the full text as markdown