Full text of BUCKLER SECURITIES LLC's X-17A-5 filed 2020-02-26 (period 2019-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------  # **SEC File Number 008-69807** # **Statement of Financial Condition** **as of** **December 31, 2019** **and Report of Independent Registered** **Public Accounting Firm** **Filed pursuant to Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a** **PUBLIC DOCUMENT.** {1}------------------------------------------------ # **Table of Contents** | Report of Independent Registered Public Accounting Firm | 3 | |---------------------------------------------------------|---| | Financial Statement | 4 | | Statement of Financial Condition | 4 | | Notes to Financial Statement | 5 | {2}------------------------------------------------ {3}------------------------------------------------ ### **Statement of Financial Condition** <span id="page-3-0"></span> | | December 31,<br>2019 | |---------------------------------------------------------------------------|----------------------| | Assets | | | | | | Cash | \lt;br>217,326 | | Securities purchased under agreements to resell | 15,838,666,301 | | Receivables and deposits with brokers, dealers and clearing organizations | 68,652,656 | | Prepaid expenses and other | 101,700 | | Lease right of use asset | 59,058 | | Total Assets | \lt;br>15,907,697,041 | | | | | Liabilities and Members' Equity | | | | | | Liabilities: | | | Securities sold under agreements to repurchase | \lt;br>15,796,871,492 | | Lease liability | 59,058 | | Accounts payable and other accrued expenses | 1,955,155 | | Total Liabilities | 15,798,885,705 | | | | | Subordinated Liabilities | 105,000,000 | | Members' Equity | 3,811,336 | | Total Liabilities and Members' Equity | \lt;br>15,907,697,041 | See accompanying notes to the statement of financial condition. {4}------------------------------------------------ #### **Notes to Statement of Financial Condition** #### <span id="page-4-0"></span>**Note 1 - Organization and Nature of Business** BUCKLER Securities LLC (the "Company") is a Delaware limited liability company. The Company is owned in part by ARMOUR Capital Management LP ("ACM"), ARMOUR TRS Inc. ("ATRS"), a wholly-owned subsidiary of ARMOUR Residential REIT, Inc. ("ARR") and several individuals (collectively the "Members"). The Company is a broker-dealer registered with the Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority ("FINRA"). The Company is also a netting member of the Government Securities Division of the Fixed I…Read the full text as markdown