# EQUITYZEN SECURITIES LLC X-17A-5 (2021-03-25) — Broker-dealer annual report
- Company: EQUITYZEN SECURITIES LLC
- Form: X-17A-5
- Filed: 2021-03-25
- Period: 2020-12-31
- Accession: 0001655327-21-000003
- CIK: 1655327
- File #: 8-69689
- Material weakness: No
- Auditor: Citrin Cooperman and Company, LLP
- Auditor location: New York, NY
- Contact: Pascal Roche
- Phone: 2127514422
- Signed by: Philip Haslett (CEO)
Original filing: https://www.sec.gov/Archives/edgar/data/1655327/000165532721000003/esqhu.pdf
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## REPORT OF INDEPENDENT REGISTE RED PU BLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES
To the Board of Managers EquityZen Securities LLC
We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection Corporation ("SIPC") Series 600 Rules, which are enumerated below and were agreed to by EquityZen Securities LLC (the "Company") and the SIPC, solely to assist you and SIPC in evaluating EquityZen Securities LLC's compliance with the applicable instructions of the General Assessment Reconciliation (Form SIPC-7) for the year ended D ecember 31, 2020. The Company's management is responsible for its Form SIPC-7 and for its compliance with those requirements. This agreed-upon procedures engagement was conducted in accordance with standards established by the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accow1tants. The sufficiency of these procedures is solely the responsibilily of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures we performed and our findings are as follows:
- 1. Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement records entries, noting no differences;
- 2. Compared the Total Revenue amounts reported on the Annual Audited Report Form X-17A-5 Part III for the year ended December 31, 2020, with the Total Revenue amount reported in Form SIPC-7 for the year ended D ecember 31, 2020, noting no differences;
- 3. Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences;
- 4. Recalculated the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences; and
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5. Compared the amount of any overpayment applied to the current assessment with the Form SIPC-7 on which it was originally computed, noting no differences.
We were not engaged to and did not conduct an examination or a review, the objective of which would be the expression of an opinion or conclusion, respectively, on the Company's compliance with the applicable instructions of the Form SIPC-7 for the year ended December 31, 2020. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.
This report is intended solely for the information and use of the Company and SIPC and ts not intended to be and should not be used by anyone other than these specified parties.
New York, ew York March 15, 2021
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| SIPC-7 | |
|-----------------|--|
| (36-REV 12/ 18) | |
en Disposition of exceptions:
## SECURITIES INVESTOR PROTECTION CORPORATION P.O. Box 92185 Washington, D.C. 20090-2185 202-371-8300
General Assessment Reconciliation
**SIPC-7** (36-REV 12/18)
For the fiscal year ended 202\_0 \_\_\_ .
(Read carefully the instructions in your Working Copy before completing this Form)
## TO BE FILED BY ALL SIPC MEMBERS WITH FISCAL YEAR ENDINGS
1. Name of Member, address, Designated Examining Authority, 1934 Act registration no. and month in which fiscal year ends for purposes of the audit requ irement of SEC Ru le 17a-5:
| | I
EQUITYZEN S
E CURITIES LLC
30 Broad Street,, 12th Floor,
New York, NY 10004, Usa
CRD#: 281820 SEC#: 8-69689
L | _J | Note: If any of the information shown on the
mailing label requires correction, please e-mail
any corrections lo form@sipc.org and so
indicate on the form filed.
Name and telephone number of person to
contact respecting this form.
Pascal Roche 212 751 4422 |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| | 2. A. General Assessment (item 2e from page 2) | | \$23,638.70 |
| | B. Less payment made with SIPC-6 filed (exclude interest)
July 23, 2020 | | ( 6 ,916.64 |
| | Date Paid
C. Less prior overpayment applied | | |
| | D. Assessment balance due or (overpayment) | | |
| | E. Interest computed on late payment (see instruction E) for ____ days at 20% per annum | | |
| F. | Total assessment balan ce and interest due (or overpayment carried forward) | | \$ 16,722.06 |
| | G. PAYMENT:
.Y the box
Check mailed to P.O. Box D
Funds Wired [ZJ
Total (must be same as F above) | -----------
ACH 0 \$ 16,?22.06 | |
| | H. Overpayment carried forward
3. Subsidiaries (S) and predecessors (P) included in this form (give name and 1934 Act registration number): | _________
\$( | _ |
| | The SIPC member submitting this form and the
person by whom it is executed represent thereby
that all information contai ned herein is true, correct
and com plete. | Equityzen Securities LLC | NaJ ol Corpora1lon. Par1nership or 01her organiza1ion) |
| Dated the | ~
___
• 20 .3!_
day ot_M_a_r_c_h | Fin Op | (Tille) |
| | This form and the assessment payment is due 60 days after the end of the fiscal year. Retain the Working Copy of this form
for a period of not less than 6 years, the latest 2 years in an easily accessible place. | | |
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## **DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT**
Amounts for the fisca l period beginning \_1\_11..;.. 12....;o \_\_\_\_ \_ and ending ..... 1 2\_1..., 31 ... 1... 2 0....\_ \_\_ \_
| Item No.
2a. Total revenue (FOCUS Line 12/Part llA Line 9, Code 4030) | | El imi nate cents
\$15,830,947. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------|------------------------------------|
| 2b. Additions:
(1) Total revenues from the securities business of subsidiaries (except foreign subsidiaries) and
predecessors not included above. | | |
| (2) Net loss from principal transactions in securities in trading accounts. | | |
| (3) Net loss from principal transactions in commodities in trading accounts. | | |
| (4) Interest and dividend expense deducted in determining item 2a. | | |
| (5) Net loss from management of or participation in the underwriting or distribution of securities. | | |
| (6) Expenses other than advertising, printing, registration fees and legal fees deducted in determin ing net
profit from management of or participation in underwriting or distribution of securities. | | |
| (7) Net loss from securities in investment accounts. | | |
| Total additions | | |
| 2c. Deductions:
(1) Revenues from the distribution of shares of a registered open end investment company or unit
investment trust. from the sale of variable annuities, from the business of insurance. from investment
advisory services rendered to registered investment companies or insurance company separate
accounts, and from transactions in security futures products. | | |
| (2) Revenues from commodity transactions. | | |
| (3) Commissions, floor brokerage and clearance paid to other SIPC members in connection with
securities transactions. | | ,808
71 |
| (4) Reimbursements for postage in connection with proxy solicitation. | | |
| (5) Net gain from securities in investment accounts. | | |
| (6) 100% of commissions and markups earned from transactions in (i) certificates of deposit and
(ii) Treasury bills, bankers acceptances or commercial paper that mature nine months or less
from issuance date. | | |
| (7) Direct expenses of printing advertising and legal lees incurred in connection with other revenue
related to the securities business (revenue defined by Section 16(9)(L) of the Act). | | |
| (8) Other revenue not related either directly or indirectly to the securities business.
(See Instruction C): | | |
| (Deductions in excess of \$100,000 require documentation) | | |
| (9) (i) Total interest and dividend expense (FOCUS Line 22/PART llA Line 13,
Code 4075 plus line 2b(4) above) but not in excess
of total Interest and dividend income.
(ii) 40% of margin interest earned on customers securities
accounts (40% of FOCUS line 5, Code 3960). | __________
\$
_
__________
\$
_ | |
| Enter the greater of line (i) or (ii) | | |
| Total deductions | | |
| 2d. SIPC Net Operating Revenues | | \$ 15,759,139 |
| 2e. General Assessment @ .0015 | | \$ 23,638.70 |
| | | (to page 1, line 2.A.) |
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.