# MOUNTAINSIDE SECURITIES LLC X-17A-5 (2021-03-15) — Broker-dealer annual report

- Company: MOUNTAINSIDE SECURITIES LLC
- Form: X-17A-5
- Filed: 2021-03-15
- Period: 2020-12-31
- Accession: 0001745742-21-000001
- CIK: 1745742
- File #: 8-70157
- Material weakness: No
- Auditor: Sobel & Co
- Auditor location: Livingston, NJ
- Contact: Ryan Posner
- Phone: 908-277-2500
- Signed by: Ryan Posner (Member)

Original filing: https://www.sec.gov/Archives/edgar/data/1745742/000174574221000001/MtnSecPublic2020.pdf

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## **--**

OMB APPROVAL OMB Number: 3235-0123 Expires: 0DUPCFS Estimated average burden

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| -<br>70157 |  |

**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______________________________ AND ENDING______________________________                                                                                                                       | 01/01/2020                                                          | 12/31/2020 |                                     |  |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------|------------|-------------------------------------|--|
|                                                                                                                                                                                                                              | MM/DD/YY                                                            |            | MM/DD/YY                            |  |
|                                                                                                                                                                                                                              | A. REGISTRANT IDENTIFICATION                                        |            |                                     |  |
| Mountainside Securities, LLC<br>NAME OF BROKER-DEALER:<br>ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.)                                                                                                  |                                                                     |            |                                     |  |
|                                                                                                                                                                                                                              |                                                                     |            |                                     |  |
| 450 Springfield Avenue, Suite 201<br>___________________________________________________________________________________________________________________                                                                     |                                                                     |            |                                     |  |
|                                                                                                                                                                                                                              | (No. and Street)                                                    |            |                                     |  |
| Summit<br>___________________________________________________________________________________________                                                                                                                        | NJ                                                                  |            | 07901<br>__________________________ |  |
| (City)                                                                                                                                                                                                                       | (State)                                                             |            | (Zip Code)                          |  |
| NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT<br>Ryan Posner 908-277-2500<br>_____________________________________________________________________________________________________________________ |                                                                     |            |                                     |  |
|                                                                                                                                                                                                                              |                                                                     |            | (Area Code – Telephone Number)      |  |
|                                                                                                                                                                                                                              | B. ACCOUNTANT IDENTIFICATION                                        |            |                                     |  |
| INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report*                                                                                                                                                     |                                                                     |            |                                     |  |
| Sobel & Co<br>_____________________________________________________________________________________________________________________                                                                                          |                                                                     |            |                                     |  |
|                                                                                                                                                                                                                              | (Name – if individual, state last, first, middle name)              |            |                                     |  |
| 293 Eisenhower Parkway<br>_____________________________________________________________________________________________________________________                                                                              | Livingston                                                          | NJ         | 07039                               |  |
| (Address)                                                                                                                                                                                                                    | (City)                                                              | (State)    | (Zip Code)                          |  |
| CHECK ONE:                                                                                                                                                                                                                   |                                                                     |            |                                     |  |
| Certified Public Accountant                                                                                                                                                                                                  |                                                                     |            |                                     |  |
| Public Accountant                                                                                                                                                                                                            |                                                                     |            |                                     |  |
|                                                                                                                                                                                                                              | Accountant not resident in United States or any of its possessions. |            |                                     |  |
|                                                                                                                                                                                                                              | <br><br>                                                            |            |                                     |  |
|                                                                                                                                                                                                                              |                                                                     |            |                                     |  |
|                                                                                                                                                                                                                              |                                                                     |            |                                     |  |

*\*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 of facts and circumstances relied on as the basis for the exemption. See Section 240.17a-5(e)(2)* 

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## **OATH OR AFFIRMATION**

| I, Ryan Posner                                              | , swear ( or affirm) that, to the best of                                                                                                                                 |
|-------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| _M_o_u_n_ta_i_n_si_d_e_S_e_c_u_ri_tie_s_,_L_L_C ___         | my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of<br>_ _____<br>_________<br>________<br>_ ________<br>, as |
| of December 31                                              | are true and correct. I further swear (or affirm) that                                                                                                                    |
| classified solely as that of a customer, except as follows: | neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account                                                |
|                                                             |                                                                                                                                                                           |
|                                                             | /<br>Signature                                                                                                                                                            |

Member

Title

D IANE M FREDRICKS Notary Pu bl ic, St a t e o f New J e rs ey My Co m miss i on Expi res December 29 , 202 3

Notary Public

This repo rt\*\* co·ntains (check all applicable boxes):

- Ii] (a) Facing Page.
- IZ] (b) Statement of Financial Condition.
- **D** ( c) Statement of Income (Loss) or, if there is other comprehensive income in the period(s) presented, a Statement of Comprehensive Income (as defined in §210.1-02 of Regulation S-X).
- (d) Statement of Changes in Financial Condition.
- ( e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital.
- (f) Statement of Changes in Liabilities Subordinated to Cla ims of Creditors.
- (g) Computation of Net Capital.
- (h) Computation for Determination of Reserve Requirements Pursuant to Rule l 5c3-3.
- (i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3.
- **D** (j) A Reconciliation, including appropriate explanation of the Computation of Net Capital Under Rule l 5c3-l and the Computation for Determination of the Reserve Requirements Under Exhibit A of Rule l 5c3-3.
- **D** (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of consolidation.
- § (I) An Oath or Affirmation.
	- (m) A copy of the SIPC Supplemental Report.
	- (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 240.1 la-5 (e)(3).* 

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# MOUNTAINSIDE SECURITIES LLC

## STATEMENT OF FINANCIAL CONDITION

DECEMBER 31, 2020

FILED PURSUANT TO RULE 17a-5(e)(3) OF THE SECURITIES SECURITIES EXCHANGE ACT OF 1934 AS A PUBLIC DOCUMENT

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# MOUNTAINSIDE SECURITIES LLC

DECEMBER 31, 2020

# CONTENTS

# Page

| Report of Independent Registered Public Accounting Firm |  |
|---------------------------------------------------------|--|
| Statement of Financial Condition                        |  |
| Notes to Financial Statements                           |  |

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![](_page_4_Picture_0.jpeg)

Livingston, NJ 07039-1711 Office: 973.994.9494 Fax: 973.994.1571 **i\rww.SobelCollC.com** 

# **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Member Mountainside Securities LLC

## **Opinion on the Financial Statements**

We have audited the accompanying statement of financial condition of Mountainside Securities LLC 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 Mountainside Securities LLC 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 Mountainside Securities LLC' s management. Our responsibility is to express an opinion on Mountainside Securities LLC's financial statements based on our audits. 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 Mountainside 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 audits 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 audits 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.

Certified Public Accountants

We have served as Mountainside Securities LLC' s auditors since 2018.

Livingston, New Jersey February 22, 2021

![](_page_4_Picture_13.jpeg)

![](_page_4_Picture_14.jpeg)

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# MOUNTAINSIDE SECURITIES LLC STATEMENT OF FINANCIAL CONDITION December 31, 2020

# ASSETS

| Cash                            | S | 362,089   |
|---------------------------------|---|-----------|
| Securities Owned                |   | 4,647,790 |
| Interest Receivable             |   | 52,816    |
| Receivable from Clearing Broker |   | 702,504   |
| Agency Commission Receivable    |   | 3.531     |
| Deposit with Clearing Broker    |   | 250,000   |
| Prepaid Expenses                |   | 19,552    |
|                                 |   |           |
|                                 | S | 6,038,282 |

# LIABILITIES AND MEMBER'S EQUITY

| LABILITIES:                                 |       |           |
|---------------------------------------------|-------|-----------|
| Accounts Payable and Other Accrued Expenses | ಲ್ಲಿಕ | 206,337   |
| Total Liabilities                           |       | 206,337   |
| COMMITMENTS AND CONTINGENCIES               |       |           |
| MEMBER'S EQUITY:                            |       |           |
| Total Member's Equity                       |       | 5,831,945 |
|                                             |       |           |
|                                             | S     | 6,038,282 |
|                                             |       |           |

The accompanying notes are an integral part of these financial statements.

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|      | 6/AB63/07:7BGB=/113AA                                                   |

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| F13AA"3B/>7B/:                 | <br><br> |
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## "#("" "'(&)!"('+(# "'(&'

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{12}------------------------------------------------

## "#(I&''")"&("('

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