Full text of VELOX CLEARING LLC's X-17A-5/A filed 2022-03-01 (period 2021-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # Velox Clearing LLC ## Statement of Financial Condition With Report of Independent Registered Public Accounting Firm December 31, 2021 Filed as public information pursuant to Rule 17a-5(d) under the Securities Exchange Act of 1934 {1}------------------------------------------------ ### Velox Clearing LLC Statement of Financial Condition December 31, 2021 #### ASSETS . | Cash | \lt;br>4,783,403 | |----------------------------------------------|------------------| | Cash segregated under federal regulations | 6,104,269 | | Receivable from customers and correspondents | 14,371,425 | | Receivable from clearing organizations | 11,270,639 | | Receivable from broker-dealers | 4,699,736 | | Receivable from affiliates | 542,167 | | Restricted cash | 400,000 | | Right-of-use lease asset | 703,613 | | Property and equipment, net | 432,662 | | Other assets | 352,941 | | TOTAL ASSETS | \lt;br>43,660,855 | | LIABILITIES AND MEMBER'S EQUITY | | | Accounts payable and accrued expenses | \lt;br>729,734 | | Payable to customers and correspondents | 21,237,144 | | Payable to broker-dealers | 519,260 | | Payable to clearing organization | 78,700 | | Payable to affiliates | 124,715 | | Operating lease liability | 1,009,618 | | TOTAL LIABILITIES | 23,699,171 | | | | | MEMBER'S EQUITY | | | Member's contributions | 31,483,200 | | Accumulated deficit | (11,521,516) | | TOTAL MEMBER'S EQUITY | 19,961,684 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | \lt;br>43,660,855 | | | | The accompanying notes are an integral part of these financial statements {2}------------------------------------------------ ### Note 1. Organization and Description of Business Velox Clearing LLC (the "Company") was formed on August 9, 2017 in the State of Nevada. It is a wholly owned subsidiary of Velox Holdings Inc., a Nevada Corporation (the "Parent"). The Company is a clearing broker-dealer registered with the Securities and Exchange Commission ("SEC"), a member of the Financial Industry Regulatory Authority, Inc. ("FINRA"), the Securities Investor Protection Corporation ("SIPC"), National Securities Clearing Corp. ("NSCC"), the Depository Trust Company ("DTC"), CBOE-BYX, CBOE-BYZ, CBOE-EDGA, CBOE-EDGX, Investors Exchange ("IEX"), The Nasdaq Stock Market ("NQX"), and the New York Stock Exchange ("NYSE"). ### Note 2. Summary of Significant Accounting Policies ### Basis of presentation The accompanying financial statements have been prepared in accordance with…Read the full text as markdown