# ALLARIA SECURITIES, LLC X-17A-5 (2026-04-06) — Broker-dealer annual report - Company: ALLARIA SECURITIES, LLC - Form: X-17A-5 - Filed: 2026-04-06 - Period: 2025-12-31 - Accession: 0001694094-26-000004 - CIK: 1694094 - File #: 8-69891 - Type: Broker-dealer - Material weakness: No - Auditor: HLB GRAVIER, LLP - Auditor location: CORAL GABLES, FL - Contact: aaron rodriguez - Phone: 9544807949 - Email: telycatdgglo@allarlasecunttes.com - Website: allarlasecunttes.com - Signed by: AARON RODRIGUEZ (FINOP) Original filing: https://www.sec.gov/Archives/edgar/data/1694094/000169409426000004/aseannualreport.pdf --- {0}------------------------------------------------ UNITED 5T ATES SECURm£S AND EXCHANGE COMMISSION Washfnaton, O.C. ZOS49 | OM8 Number. 323S-0123
Expires: NE!ltlm.ited Nelilljll bun!en
hDUn pet rP.lpOffle: 12 | | | |------------------------------------------------------------------------------------------------------------|--|--| | SEC flt£ NUlo9ffl | | | | 8-69891 | | | # ANNUAL **REPORTS** FORM X-17A-S PART Ill | FACING PA6E | | | |----------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | MM/00/YY | | MM/00/YV | | A. H | | | | | | | | TYPE OF R£GISTRANT {chedc all applicable boxes):
D Security-based swap duler
Is also an OTC derivative~ dealer | | | | | | | | | | | | INo, andStreetl | | | | | | 33131 | | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARE> TO THIS FILING | | | | (786) 686-5402 | | telycatDgglo@allarlasecunttes.com | | (Area Cod@- T@leohone Number) | | | | | | | | | | | | | | | | | | | | | | 33146 | | (Citvl | | (Zip Code) | | | | | | licable) | PCAOB | i.stration Number if a licable | | | | | | | ~ | | | | FILING FOR THE PERIOD BEGINNlNG 01 /Q 1 /25
1110 Brickell Avenue, suite 603
FL
FOi OfFICl'Al USE ONLY | Information Required P\1.-nt m Rules 17.S, 17•ll, and lla--7 under die SecUrltles Exchanie Ac:1 of 19M
AND ENDING 12/31 /25
GLSTRANT IDENTIFICATION
NAME OFFIRM: ALLARIA SECURITIES, LLC
CJ M.jor security-based swap partipparrt
ADDRESS OF PRINCIPAi. PLACE OF BUSINESS: (Do not use a P.O. box no.)
(Em.iii Addre55)
B. ACCOUNUNT IDENTlflCATION
tNDEPfNOENT PUBLIC ACCOUNTANT whose reports are contained in this filq•
(N.lme - if irwlividt4000 Ponce De Leon Blvd Suite 610 Coral Gables
FL
#3676 | .ICCOUlltalrt must b4! supponed by .ll statem@nt of fact~ and circumMances relied on as ma basis of the e1temption, see 17 CFR 2«1.17a-5(e)(I){il), if applicable. **i.-wtto--11111** rftf10ndtoV,.coOK11onoflnkwmadon ~INCi Ill **tMsfofm- not ,..ilnd llO N-,ond lfflletathe** form **......,. . ............. 011o11conarD1rt .......** {1}------------------------------------------------ #### OATH **0A AfftAMATION** | | swear (o, affirm I that, to tti. best of mv knowledfe and belief. tti.
I, Stella Catoggio | | | | | | |----------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--| | | fi,!ltn.£!!1. !8~ ~lnina to t+ie firm of
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AlLARIA SECURrTES Ll.C
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Iii (c) st.temem of income (loss) or, if there Is other c.omprehfflsive income in the peri,od(s) prewnted, .i stitement of
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Iii (&) NOtes '° consolidated lnMldal statlffllfflts. | | | | | | | | ii !h)C~ofnetupit.ilunder17CFR240.15c3-1or17 CF« .240.1~-1Js~. | | | | | | | 0 | (~ Coraput.timl of t.mgible Mt wortb under 17 CfR 2.40.1&3 2
□ 0) Computation for determiNtion of customer reserve req~ts puriuant to E,_ A to 17 | | | | | | | D | r~
CFR 240.15c3-3.
requiremeflts J)UrsUaRt to Exhibit s to 17 CFfl Z40tx.3-3 Of
lk) Compul.Jlion for delermkwtlon of wcurlty-based swap | | | | | | | | as~.
E>ChtbttAto 1701' N0.18a-4, | | | | | | | D | (Q Computation for Determination of PAB Requirements under Exhbt A to§ !40.1Sc:3-J. | | | | | | | | □ fm) lntomalion relatina to possession 0# control requlmnents for curuJmHs under 17 CfR 240.1Sc3.3. | | | | | | | | D (n) Information A!llatin8 to possession or coatro4 requ.-emenb for ~urity-~sed sw~ CUfflJfflt'l"S under 17 CfR
240,15c.3--3fp)t2J er 17 0:11124!0.l_, as. .ipplicable. | | | | | | | | Ii (o) Reconciliations. including a,propri,lte eMPanations, of the FOCUS Report with romp,tatiofl of net cap;tal or tangi,le net
the~ ~~15
worth under 17 CFR 240.15c3-1, 17 CFR 240.18.l-t, or 17 CFR 140.18-i-2, as applic.able, llnd
under 17
CFR 240.15c3--J Of 17 CFR 240.18.l-4. as appluble, if materi,,lj differencn ~xk.t, or .1 !>t.rtement ttiat no ~e~I differences
exist. | | | | | | | | □ (p) SUmmary of f'ilwldal dat;i for subsldl.lrtes not consolld.rted Jn the st.:itement of fin.111CI.I condlllon.
Ii fqJ Oi1th or affinnatkM in ,l((Ofdal'lce ~ 11 CFR 240,17 S, 17 (ffl 140.1 /a--12, or I7 CFR 240.111.-7, dS applicable. | | | | | | | | D (r) Compliance report tn .Kcordanrl' with 17 CFR 240.17;1-5 or 17 (FR }4018a-7is apf)liuble. | | | | | | | | ii (s) &emption report in ~con:bnce with 17 fHl 140 17 <, or 17 (FR 240 18.i-7, .i~ .ipplic~. | | | | | | | | □ (t) Independent publit acc~nt's report b.sed on .an ell:amination of the statement of fin,nci,I condition, | | | | | | | | ii ( u) lnde,endent pubSic ~counbnt' s. report based on Ml eumin.ition of the financi.11 report or fln;rncial ~ements under 1 7
CfR 240.17-l-S, 17 CfA 240.18.1-7, or 17 CFR 2/I0.17.i-12, .J~ ~piuble. | | | | | | | | D M Independent put,tk accoi.antant's repo,1 bas~ on a~ ex.imln.tlon of cert.iin ~titements in the compll.ince report under 17
CfR 240.17~-5 or 17 CFR 240.11a-7, .K appllabfe. | | | | | | | | ii (w) lnelepMdent pu&,ic .acaiunt.mt'i. report based on a review of thl' eKernptioo report under 17 CFR 240.17a-5 or 17
CFR 240.lla-7, as atJP)lcabae. | | | | | | | | ii (x) S~ntalreports oo ~ins aflfttd-upon p,oce<:lurE's, in ,ccordance INith 17 (FR 240.15<3--te or 17 CFR 2~.17.i-12,
a~ .ippllube. | | | | | | | D | (vi Report descrlblnl MJY ~lal lftadecJJades found to extst or found to l'lave existed since the
CNte of the previous aucttt, or
a mtemene that no material lnadeql.l.aciff •st, under 17 CFA 2-10.11 a-
12(11), | | | | | | | | ____________
□ (z) other:
_ | | | | | | | nro r«Jwst confidenthrl trMment of certain portions of this filing, ~ee 17 CFR 140.17a-5(e)(J} or 17 CFR 240.lllo-l(d}(l), as
applicable. | | | | | | | | | | | | | | | {2}------------------------------------------------ ALLARIA SECURITIES LLC. Miami, Flork:la (S.E.C. 1.0. No. 8-69891) FINANCIAL **STA.TEMENTI AND IUPPL.EMENTAL** SCHEDULES December 31, 2025 and REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM and SUPPLEMENTAL INFORMATION (Confidential Pursuant to SEC Rule 17a•5(e)(3)) {3}------------------------------------------------ ## AL.LA.RIA SECURITIES LLC # FINANCIAL STATEMENTS AND SUPPLEMENT AL SCHEDULES December 31, 2025 # CONTENTS | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 1-2 | | |--------------------------------------------------------------------------------------------------------------------------------------|----| | FINANCIAL STATEMENTS | | | STATEMENT OF FINANCIAL CONDITION | 3 | | STATEMENT OF OPERATIONS , , | 4 | | STATEMENT OF CHANGES IN MEMBER'S EQUITY | 5 | | STATEMENT OF CASH FLO\NS | 6 | | NOTES TO FINANCIAL STATEMENTS , | 7 | | SUPPLEMENTAL INFORMATION | | | SCHEDULE OF THE COMPUTATION OF NET CAPITAL PURSUANT TO SEC RULE 15c3-1
ANO STATEMENT PURSUANT TO SEC RULE 17a-5(d)(2)(11Q ., 12 | | | SCHEDULE II AND SCHEDULE 111 . | 13 | | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON EXEMPTION
REPORT , | 14 | | EXEMPTION REPO!-!T 15 | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # **REPORT OF INDEPENDENT REGISTERED** PUBLIC **ACCOUNTING FIRM** To the Directors and Member of Allaria Securities, LLC. # **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Allaria Securities, LLC as of December 31, 2025, the **related** statements of operations, changes in member's equity, and cash flows for the year then ended, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Allaria Securities, LLC as of December 31, 2025, and the resl.llts of its operations and its cash flows for the year then ended in conformity with accounting principles generaUy accepted in the United States of America. # **Basis** for **Opinion** These financial statements are the responsibility of Allaria Securities, LLC's management. Our responsibility is to express an opinion on Allaria Securities, LLC's financial statements **based** on our audit We **are a** public accounting firm registered with the Public Company Accounting **Oversight** Board (United States) (PCAOB) and are required to be independent with respect to Allaria Securities. LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PC' AOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion, ## **Auditor's Report on Supplemental Information** The Schedule of the Computation of Net Capital under Rule I 5c3-1, Schedule II, Computation for Determination of Reserve Requirements Under Rule 15c3-3 of the Securities and Exchange Commission and Schedule III, Information Relating to the Possession or Control Requirements under Rule 15c3-3 of the Securities and Exchange Commission have been subjected to audit procedures perfonned in conjunction with the audit of Allaria Securities, LLC's financia1 statements. The supplemental infonnation is the responsibility of Allaria Securities, LLC's management. Our audit procedures included determining whether the supplemental infonnation reconciles 10 the financial statements or the underlying accountins and other records, as applicable, and performing procedures to t~st the completeness and accuracy of the information presented in the supplemental information www 111bg1av,e1 u,rn {5}------------------------------------------------ In formiog our opinion on the supplemental information, we evaluated whether the supplemen1al infonnation, including **hi** form and content, is presented in conformity with 17 C.F.L §240.I7a-5. **la our** opinion, the Schedule of the Computation **of Net** Capital under Rule **1Se3-1.** Schedule **11.** Computation **tor** Determination *of* Reserve Requirements Under Rule **lSel-3** *of* the Securities and Exchange Com.missfon and Schedule m, Information Relating 10 the Possession or Control Requirements under Rule 15e3-3 of the Securities and Exchange Commission are fairly stated, in all material respects, in relation to the financial statements as a whole. */kf!>* c;~ *I t<.f.}* **HLB** Gravier. LLP We have served **u** AJlaria Securities. LLC•• auditor since 2021. Coral Gables, Florida February **25,** 2026 {6}------------------------------------------------ ## ALL.ARIA SECURITIES LLC. Statement of Financial Condition As of December 31 , 2025 #### **ASSETS** | Cash and cash equivalents
Due from brokers and clearing organizations
Due from affiliated entities
Fixed assets, net (note 4) | \$
596,225
3,673,297
27,356 | |----------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------| | Accounts Receivable | 319,908 | | Prepaid expenses and other assets | 57.838 | | Total assets | 4,674.624
\$ | | LIABILITIES AND MEMBER'S EQUITY | | | Cue to Affiliated entitles
Accrued expenses and other liabilities
Total liabiltties | 409,338
\$
414,Q52
823,388 | | Commitments and Contingencies (Note 2) | | | Member's equity
Total member's equity | 3,851.236 | | Total Uabilltles and member's equity | s j,674,624 | The accompanying notes are an Integral part of these financial **statemeots.** {7}------------------------------------------------ # **ALL.ARIA** SECURITIES LLC. Statement of Opera1ions For the year ended December 31, 2025 | Revenues | | |-----------------------------------------------------|-----------------| | Commissions end trading revenues | \$
9,810,385 | | 12b-1 fees | 1,840,896 | | Margin interests | 1,103,483 | | Administrative fees | 292,286 | | Interest &amed from dePoSils and bank balances | 11,728 | | other income | 901,297 | | Total Revenues | 13,980,035 | | Expenses | | | Related party fees, net | 8,809,830 | | Compensation | 1,613,068 | | Trading and clearing | 701,058 | | Legal and professional fees | ~7.700 | | Quotation, communications, and trading system costs | 18e,75EI | | Occupancy | 97,!i95 | | Regulatory expenses | 44,571 | | Travel and entertainment | | | Insurance | 5,320 | | Other expenses | 2,536 | | Total expenses | 33,810 | | | 11.922,544 | | Nat Income | i
2 037 491 | The accompanying notes are an integral part of these financial statements. {8}------------------------------------------------ # **ALL.ARIA** SECURITIES LLC. Statement of changes in Member's Equity For the year ended December 31, **2025** | | Member's Equity | | | |------------------------------|------------------------|--|--| | Balance at January 1, 2021 | \$
2,54.9,7-45 | | | | Distributions
Net Income | (735,000)
2,037,491 | | | | Balance at O.C.mber 31, 2021 | \$
3 851 236 | | | The ae<;ompanytng notes are an Integral part of these tlnancfal statements. {9}------------------------------------------------ # All.ARIA SECURITIES LLC. #### Statement of Cash Flows For the year ended December 31 , 2025 | Cuh nows from operating activities | | | |-----------------------------------------------------------------------------------|----|-------------| | Net Income | \$ | 2,037,490 | | Adjustments to reconcile net income to net cash provided by operating activities: | | | | Depreciation expense | | | | Char,ges in assets and llabillties | | | | Due from brokers and clearing organizations | | (1,214,913) | | Due from affiliated entities | | (12,942) | | F>repilkl e, | | Net cash provided by operating activities | | 1,242,357 | | CUh nows from nnanctng activlllN | | | | Distributions | | IT35,ooo> | | Net cash used in financing activities | | (735,000) | | Net Increase In cash and cash equivalents | | 507,357 | | Cash and cash equivalents at beginning of year | | 88,868 | | CHh and cash equivalents at end of year | i | §a§ ~2.5 | The accompanying notes are an integral part of these financial statements. {10}------------------------------------------------ #### **NOTE** 1 - **ORGANIZATION AND NATURE OF BUSINESS** Allaria Securities LLC. (The "Company") is a Florida registered broker-dealer with the Securities and Exchange Commission and is a wholly owned subsidiary of Allarla LATAM Investments Inc. ("ALIS" or "Parent Company;. The Company acts as an Intermediary or agent between its customers and other financial institutions in the purchase and sale of various U.S. and foreign fixed-income investments products, U.S. government securities, govetnment agency securities, and other securities investments. The Company is a member of the Financial Regulatory Authority ("Fl NRA"). #### **NOTE 2** - **SIGNIPICANT ACCOUNTING POLICIES** Basis of Presentation: The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAPj. Revenue Recognition: All revenues are recorded in accordance with Accounting Standards Codification ("Ase; 806 Revenue from Contracts with Customers. Revenues are recognized when: i) a contract with a client has been identified, ii) the perfonnance obligations in the contract(s) have been identified, iiO the transaction price has been determined, iv) the transaction price has been allocated to each performance obligation In the contract, and v) the Company has satisfied the applicable performance obligation over time. The Company's revenues from contract with customers are recognized when the perfonnance obligations are satisfied **at an** amount that reflects the consideration expected to **be received** for such **services.** The majority of the Company's perfomiance obligations are satisfied at a point in time and are typically collected from the customer by debiting the customer **brokerage** account with the Company. The Company believes that the performance obligation is satisfied on trade date because that is when the under1ying financial instrument for sate or purchase is identified, the pricing is agreed upon, and the risks and rewards of ownership have been transferred to or from the customer. Commission and trading income is eamed by providing trade facilltatlon, execution, clearance and settlement, custody, and trade administration services to customers, and includes amounts for the securities price differential between what the Company buys from and sells to customers and/or counterparties. Acting **as an** Agent, commission Income is generated by the trade execution from the customer purchase and sale of securities on exchanges or over-the-counter, and through the purchase of various investment products, such as mutual funds, options, and commodity transactions. Revenue recognized under commissions and trading income consist of one perfo,mance obligation which is satisfied on trade date. Trade execution performance obligation Is satisfied at a point in lime. As of December 31, 2025 the revenues for commissions was \$5,369,974 and trading income was \$4,440,391. 12b-1 fees represent mutual funds fee revenue which is a residual commission and is recorded over time as earned. Such trailing commission revenue Is generally based as a percentage of the average current market value of the customer's investment holdings in such trailer eligible funds. As the trailing commissions revenue is based on the current market value of the customer holdlngs, this variable consideration is constrained until the market value is determinable. As of December 31, 2025 the revenues for 12t>-1 **fees** was \$1,8-40,898 and the account receivable totaled \$319,908. The account receivable balance last year was \$295,845. The Company offers customers the ability to utilize their cash and securities as collateral for margin and non-purpose loans, Margin loans permit the customer to trade on leverage, executing larger trades than pem,ltted with a normal cash account. Non-purpose loans are exclusively for non-securities investments external to customer accounts. {11}------------------------------------------------ #### **NOTE 2** - **SIGNIFICANT ACCOUNTING POLICIES (Continued)** In both cases the Company's custodian collects a base interest rate on the average debit balance held per month, and the Company earns any additional amount above that which is charged to each customer. The performance obligation Is satisfied during the interest period in which the customer held a debit balance. As of December 31, 2025, the margin interest earned was \$1,103,463. Sweep fees are assessed to customer accounts related to customer cash funds moved into a money market fund in their account at the close each business day. The fee is variable and is based on a percentage of the management fee of the money market fund at which time the performance obligation has been fulfilled. The structure is viewed as an at-will agreement under ASC 606, the revenues Of which are recognized immediatety, As of December 31, 2025, the revenues for sweep fees was \$632,664 and it is Included in other income In the financial statements. The company assesses an annual adminiStrative charge to all its customer accounts. This fee is charged directly by the clearing broker to each customer account and credited to the Company's firm own account. As Of December 31. 2025 the fees totaled \$292,288. Cash and cash equivalents: Cash and cash equivalents include cash and deposits with other financial institutions with maturities of ninety days or less from the date of aCQulsitfon. Fajr Value of Financial Instruments: Fair value of financial instruments are estimated using relevant market infom,ation and other assumptions, as more fully disclosed in Note 6. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk. prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect these estimates. Assets, including cash and certain receivables. are carried at fair value or at contracted amounts, which approximate fair value. Concentration of Credit Risk: The Company can be exposed, during the course of its operations, to concentrations of credit risk with depository institutions of the United States in the form of bank accounts with **balances** in **excess** of the insurance limit amount covered by the Federal Depository Institution Corporation (or FDIC). The Company also **engages** in trading activities with various counterparties, mostly financial institutions in the United States. Management believes there is no significant risk of loss or counterparty risks on these balances or transactions, In addition. many of its customers are domiciled In Argentina and Uruguay. T ransters of Financial Assets: Transfers of financial assets, such as sales of securtties, are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed 10 be surrendereDue from affiliated entities
Accounts Receivable
Fixed assets," Net of accumulated depreciation
Prepaid expenses and other assets
Total non-allowable assets | 27,356
319,908
57,838
405,102 | | Net capital before haircuts on securities | 3.446.134 | | Haircuts on securities | | | Total haircuts on securities | | | Net capita! | \$3446134 | | Aggregate Indebtedness
Items Included in statement of financial condition
Due to Affiliated entitles
Accrued expenses and other Habillties
Aggregated Indebtedness
Aggregate Indebtedness to net capital | 409,336
414,052
823 388,
§
2389% | | Computation of basic net capital requirement
Minimum net capital required (6 2/3% of Aggregate Indebtedness of \$5',893 or \$250,000,
whichever is greater) | 250,000 | | Net capital | \$3,446,134 | | Excess net capital | \$
3196
134 | ## **Statement Pursuant to Rule** 17a"'(d)(2)(iii) There were no differences between the amounts presented above and the amounts presented in the Company's December 31, 2025 FOCUS Part II filings submitted on January 27, 2026. {17}------------------------------------------------ #### ALLARIA SECURITIES LLC SCHEDULE II & SCHEDULE Ill December 31, 2025 #### SCHEDULE II #### **COMPUTATION FOR DElERMINATION OF RESERVE REQUIREMENTS UNDER RULE 1Sd-3 OF THE SECURmES AND EXCHANGE COMMISSION** The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934 pursuant to paragraph {k)(2)(il) of tne rule. The Company clears all customer transactions through Pershing LLC on a fully disclosed basts. #### SCHEDULE Ill **INFORMATION REL\TING TO THE P088Ea8ION OR CONTROL REQUIREMENTS UNDER RULE 1Sc3-3 OF THE SECURmES AND EXCHANGE COMMISSION** The Company is exempt from the provisions of Rule 1 Sc3-3 under the Securities **Exchange** Act of 1934 pursuant to paragraph (k)(2)M of the rule. The Company did not maintain possession or control of any customer funds or securities. {18}------------------------------------------------ ![](_page_18_Picture_0.jpeg) #### REPORT OF **INDEPENDENT** REGISTERED PUBLIC ACCOUNTING FIRM To the Directors and Members of Allaria Securities, LLC We have reviewed management's &tatements, included in the accompanying Exemption Report, in which (I) AJlaria Secwitios, LLC identified the following provision of J 7 C ,F .R. § 15cJ-3(k) under which A Ilaria Securities, LLC claimed llll mcemption from 17 C.F.R. §240.l5c3-3 (k)(2)(ii) (exemption provisions) and (2) Allaria Securities, LLC stat:ed tha1 Allaria Securities. LLC met the identifiod ax.emption J)rOVision throughout the most iecent fiscal year without nccption. Allaria Securities. LLC's management is responsible for compliance with the exemption provision **and** its statements. Our review was conducttd in accordance with the standards of the Public Company Accounting Oversight Board (Unit.ed States) and. accordingly, included inquiries and other required procedures to obtain evidence about Allarie Securities, LLC's compliance with the exemption provision. A review is substantially less in scope lhan an examination, the objective of which is the expr,=ssion of an opinion on manapment's statoments. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's **statements referred** to above for them to be fairly atated, in all material respects, based on the provision set forth in paragraph (k)(2Xii) of Rule 15c3-3 under the Securities Exchange Act of 1934. #t-lJ9~,u,p HLB Gravier, LLP Coral Gables. Florida February 25, 2026 ![](_page_18_Picture_10.jpeg) {19}------------------------------------------------ ![](_page_19_Picture_1.jpeg) # Allaria Securities LLC. Exemption Report Allaria Securities LLC. (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F. R. § 240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following: - (1) The Company claimed an exemption from 17 C.F.R. § 240.15c3-3 under the following provisions of 17 C.F. R. § 240.15C3-3 (k)(2)(ii) throughout the most recent fiscal year without exception. - (2) The Company met the identified exemption provisions in **17 C.F.R.** § 240.15c3- 3 (k)(2)(ii) throughout the most recent fiscal year without exception. Ailaria Securities LLC. [Name of Company] We, Stella Catoggio (Chief Executive Officer) and Aaron **Rodriguez (FINOP)** swear (or affirm) **that,** to our best knowledge and belief, this Exemption Report is true and correct. Title: Chief Executive Officer Title: **FINOP** February 25, 2026. {20}------------------------------------------------ ![](_page_20_Picture_0.jpeg) #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES** To the Directors and Members of of Allaria Securities, LLC We have performed the procedures included in Rule l 7a-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 on the accompanying General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2025. Management of A Ilaria Securities, LLC (the Company) is responsible for its Fonn SIPC-7 and for its compliance with the applicable instructions on Fonn SIPC-7. Management of the Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting you and SIPC in evaluating the Company's compliance with the applicable instructions on Fonn SIPC-7 for the year ended December 31, 2025. Additionally, SIPC has agreed to and acknowledged that the procedures performed are appropriate for their intended purpose. This report may not be suitable for any other purpose. The procedures perfonned may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The sufficiency of these procedures is solely the responsibility 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 associated findings are as follows: - I) 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-17 A-5 Part III for the year ended December 31, 2025 with the Total Revenue amount reported in Form SIPC-7 for the year ended December 3 I, 2025, noting no differences; - 3) Compared any adjustments reported in Form S[PC-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 - 5) Compared the amount of any overpayment applied to the current assessment with the Form SIPC-7 on which it was originally computed. There were no overpayments reported. We were engaged by the Company to perfonn this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the AICPA and in accordance with the standards of the Public Company Accounting Oversight Board (United States). We were not engaged to and did not conduct an examination or a review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the Company's Form SIPC-7 and for its compliance with the applicable instructions on Form S!PC-7 for the year ended December 31, 2025. 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. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement. This report is intended solely for the information and use of the Company and SIPC and is not intended to be and should not be used by anyone other than these specified parties. HLB **Gravier,** LLP Coral Gables, Florida February 25, 2026 4000 Ponce de Leon Blvd. Suite 610. Coral Gables, FL 33146 • TEI 305 446 3022 • Fax: 305.446.6319 www.hlbgravier.com HLB Gravier. LLP is a member of **e** lnt~rnalional A world-wide arganiiation ot accounting firms and business ad'lisers Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.