# THE FORBES SECURITIES GROUP LLC X-17A-5 (2021-02-24) — Broker-dealer annual report - Company: THE FORBES SECURITIES GROUP LLC - Form: X-17A-5 - Filed: 2021-02-24 - Period: 2020-12-31 - Accession: 0001701774-21-000001 - CIK: 1701774 - File #: 8-69926 - Material weakness: No - Auditor: Spicer Jeffries LLP - Auditor location: Greenwood Village, CO - Contact: Ana R. Carter - Phone: 813-442-1645 - Website: spicerjeffries.com - Signed by: Robert Forbes (President) Original filing: https://www.sec.gov/Archives/edgar/data/1701774/000170177421000001/fsgpublic.pdf --- {0}------------------------------------------------ **UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** 0MB APPROVAL 0MB Number: 3235-0123 Expires: August 31, 2020 Estimated average burden hours per response ...... 12.00 SEC FILE NUMBER 8-69926 # **ANNUAL AUDITED REPORT FORM X-17A-5 PART Ill** **FACING PAGE** **Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder** | REPORT FOR THE PERIOD BEGINNING 01/01/2020 | -----------
AND ENDING 12/31/2020 | | | |--------------------------------------------------------------------------------------------------------|--------------------------------------|--------------------------------|--| | MM/DD/YY | | MM/DD/YY | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF BROKER-DEALER: THE FORBES SECURITIES GROUP LLC | | OFFICIAL USE ONLY | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | FIRM I.D. NO. | | | 6400 S FIDDLERS GREEN CIRCLE, SUITE 850 | | | | | (No. and Street) | | | | | co
GREENWOOD VILLAGE | | 80111 | | | (City)
(State) | | (Zip Code) | | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
Ana R. Carter/ 813-442-1645 | | | | | | | (Arca Code - Telephone Number) | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNT ANT whose opinion is contained in this Report* | | | | | Spicer Jeffries LLP | | | | | (Name - if individual, state last. first, middle name) | | | | | 5251 S. Quebec Street, Ste 200 Greenwood Village | co | 80111 | | | (City)
(Address) | (State) | (Zip Code) | | | CHECK ONE: | | | | | Iv' I
Certified Public Accountant | | | | | Public Accountant | | | | | B
Accountant not resident in United States or any of its possessions. | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | | *\*Claims for exemption from the requirement that the annual report be covered by the opinion of an independent public accountant must be supported by a statement ojfacts and circumstances relied on as the basis for the exemption. See Section 240. 17a-5(e)(2)* SEC 1410 (11-05) **Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid 0MB control number.** {1}------------------------------------------------ ### **OATH OR AFFIRMATION** | I, Robert Forbes | , swear (or affirm) that, to the best of | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | THE FORBES SECURITIES GROUP LLC | my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of
-------------------------------------------- | | of December 31 | , as
are true and correct. I further swear (or affirm) that | | | neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account | | classified solely as that of a customer, except as follows: | | | | | | NOTARY PUBLIC
STME OF COLORADO
NOTARY ID 19994028269
MY COMMISSION EXPIRES 10/07/2023 | | | IL;
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Notary Public | President
Title | | This report** contains (check all applicable boxes):
0 (a) Facing Page.
0 (b) Statement of Financial Condition.
of Comprehensive Income (as defined in §210.1-02 of Regulation S-X).
D (d) Statement of Changes in Financial Condition.
D ( e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital.
D
(f) Statement of Changes in Liabilities Subordinated to Claims of Creditors.
§ (g) Computation of Net Capital.
(h) Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3.
(i) Information Relating to the Possession or Control Requirements Under Rule I 5c3-3.
Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3. | D (c) Statement of Income (Loss) or, if there is other comprehensive income in the period(s) presented, a Statement
D U) A Reconciliation, including appropriate explanation of the Computation ofNet Capital Under Rule l 5c3-I and the | | consolidation.
§ (1) An Oath or Affirmation.
(m) A copy of the SIPC Supplemental Report. | D (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of
(n) A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit. | \*\* *For conditions of confidential treatment of certain portions of this filing, see section 240.17a-5(e)(3).* {2}------------------------------------------------ #### THE FORBES SECURITIES GROUP LLC #### REPORT PURSUANT TO RULE 17a-5(d) YEAR ENDED DECEMBER 31, 2020 {3}------------------------------------------------ ### THE FORBES SECURITIES GROUP LLC ### CONTENTS | | Page(s) | |---------------------------------------------------------|---------| | Report of Independent Registered Public Accounting Firm | 3-4 | | Statement of Financial Condition | 5 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) 4601 DTC BOULEVARD • SUITE 700 DENVER, COLORADO 80237 TELEPHONE: (303) 753-1959 FAX: (303) 753-0338 www.spicerjeffries.com ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Member of The Forbes Securities Group LLC ## Opinion on the Financial Statements We have audited the accompanying statement of financial condition of The Forbes Securities Group LLC (the "Company") as of December 31, 2020, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2020 in conformity with accounting principles generally accepted in the United States of America. ### Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company'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 the Company 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 PCAOB. 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. We have served as The Forbes Securities Group LLC's auditor since 2017. Denver, Colorado February 11, 2021 ![](_page_4_Picture_12.jpeg) {5}------------------------------------------------ ### THE FORBES SECURITIES GROUP LLC ## STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2020 | ASSETS | | |---------------------------------------------------------|--------------| | Current assets: | | | Cash | \$
12,086 | | Total current assets | 12,086 | | Other assets: | | | Accounts receivable | 9,702 | | Prepaid expenses | 1,714 | | Total other assets | 11,416 | | | \$
23,502 | | | | | LIABILITIES AND MEMBER'S EQUITY
Current liabilities: | | | Accounts payable and accrued expenses | \$
10,844 | | Loans | 25,500 | | Total current liabilities | 36,344 | | Member's Equity | (12,842) | | Total member's equity | (12,842) | | | \$
23,502 | Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.