Full text of FARVAHAR CAPITAL LLC's X-17A-5/A filed 2022-03-30 (period 2021-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ #### FARVAHAR CAPITAL LLC # AMENDED STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021 (Filed Pursuant to Rule 17a-5 Under the Securities Exchange Act of 1934) PUBLIC DOCUMENT {1}------------------------------------------------ # FARVAHAR CAPITAL LLC CONTENTS | Report of Independent Registered Public Accounting Firm | 1 | |---------------------------------------------------------|------| | | | | FINANCIAL STATEMENT | | | Statement of Financial Condition | 2 | | Notes to Financial Statement | 3 -6 | > {2}------------------------------------------------ # FARVAHAR CAPITAL LLC Statement of Financial Condition December 31, 2021 | ASSETS: | | |---------------------------------------|-----------------| | Cash | \lt;br>1,424,859 | | TOTAL ASSETS | \lt;br>1,424,859 | | LIABILITIES AND MEMBER'S EQUITY: | | | LIABILITIES: | | | Accounts payable and accrued expenses | \lt;br>19,060 | | TOTAL LIABILITIES | 19,060 | | Member's Equity | 1,405,799 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | \$ 1,424,859 | See notes to financial statement. {3}------------------------------------------------ ## Note 1 - Nature of Business and Summary of Significant Accounting Policies ## Nature of Business: Omeed Malik Advisors LLC acquired a broker dealer that was originally organized on August 11, 2015 as a Delaware LLC. The acquired broker dealer was renamed to Farvahar Capital LLC (the "Company") on January 10, 2019 with the sole member as Omeed Malik Advisors LLC (the "Parent"). It commenced operations as a broker/dealer on February 18, 2017, the date it was approved as a broker/dealer and registered with the Securities and Exchange Commission ("SEC"). The Company is a member of FINRA and the Securities Investor Protection Corporation ("SIPC"). The Company advises its customers in raising capital through its distribution channels and commercial operations. Effective January 1, 2021, the Company relocated all of its operations to Florida. The Company does not hold customer funds or securities and accordingly, is not subject to the provisions of Rule.15c3-3. Under these conditions the Computation for Determination of Reserve Requirements and Information Relating to the Possession and Control Requirements are not required. Effective October 29, 2021, FINRA granted the Company's continuing membership application granting it permission to participate in firm commitment underwritings as a co-manager and selling group participant. The Company'…Read the full text as markdown