# JAHANI SECURITIES INC. X-17A-5 (2024-12-31) — Broker-dealer annual report
- Company: JAHANI SECURITIES INC.
- Form: X-17A-5
- Filed: 2024-12-31
- Period: 2024-09-30
- Accession: 0001761410-24-000003
- CIK: 1761410
- File #: 8-70268
- Type: Broker-dealer
- Material weakness: No
- Auditor: DCPA
- Auditor location: CENTURY CITY, CA
- Contact: Joshua Jahani
- Phone: 6468510654
- Email: joshua.jahani@jahanisecurities.com
- Website: jahanisecurities.com
- Signed by: Joshua Jahani (Managing Director)
Original filing: https://www.sec.gov/Archives/edgar/data/1761410/000176141024000003/publicauditscanned1.pdf
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*REPORT PURSUANT TO RULE 17A-5(d) AUDITED FINANCIAL STATEMENTS*
*\$VRISeptember 30, 2024*
This report is filed in accordance with rule 17a-5(e)(3) Under the Securities Exchange Act of 1934 as a PUBLIC document.
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#### 8-70268 SEC FILE NUMBER
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## 641 LEXINGTON AVENUE 15TH FLOOR
| | | ;EŽ͘ ĂŶĚ ^ƚƌĞĞƚͿ | | | | | |
|-------------------------------------------------------------------------------------------------------------------------------------|------|------------------------------|-----------------------------------------|------------------------------------|--|--|--|
| NEW
YORK | | NY | | 10018 | | | |
| ;ŝƚLJͿ | | ;^ƚĂƚĞͿ | | ;ŝƉ ŽĚĞͿ | | | |
| WZ^KE dK KEdd t/d, Z'Z dK d,/^ &/>/E' | | | | | | | |
| Joshua
Jahani | | | | joshua.jahani@jahanisecurities.com | | | |
| ;EĂŵĞͿ | | ;ƌĞĂ ŽĚĞ ʹ dĞůĞƉŚŽŶĞ EƵŵďĞƌͿ | ;ŵĂŝů ĚĚƌĞƐƐͿ | | | | |
| ͘ KhEdEd/Ed/&/d/KE | | | | | | | |
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DCPA
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| 2121
Avenue
of the Stars | #800 | Century
City | California | 90067 | | | |
| ;ĚĚƌĞƐƐͿ | | ;ŝƚLJͿ | ;^ƚĂƚĞͿ | ;ŝƉ ŽĚĞͿ | | | |
| 9/15/2020 | | | 6567 | | | | |
| ;ĂƚĞ ŽĨ ZĞŐŝƐƚƌĂƚŝŽŶ ǁŝƚŚ WKͿ;ŝĨ ĂƉƉůŝĐĂďůĞͿ | | | ;WK ZĞŐŝƐƚƌĂƚŝŽŶ EƵŵďĞƌ͕ ŝĨ ĂƉƉůŝĐĂďůĞͿ | | | | |
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| | Joshua Jahani | , swear (or affirm) that, to the best of my knowledge and belief, the |
|------|---------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| al30 | financial report pertaining to the firm of Jahani Securities, Inc. | as of
, 2 024 , is true and correct. I further swear (or affirm) that neither the company nor any |
| | | partner, officer, director, or equivalent person, as the case may be, has any account classified solely |
| | as that of a customer.
om to before me this
A CINGU'S
av of
Notary Public | Signature:
KERI A. PORTER |
| | Notary Public | Notary Public, State of New York
Reg. No.04PO6426899
Qualified in Tompkins County,
Commission Expires 12/20/20 |
| | This filing ** contains (check all applicable boxes): | |
| | (a) Statement of financial condition. | |
| | (b) Notes to consolidated statement of financial condition. | |
| | | [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 (d) Statement of cash flows. | |
| | [e) Statement of changes in stockholders' or partners' or sole proprietor's equity. | |
| | [f) Statement of changes in liabilities subordinated to claims of creditors. | |
| | _ (g) Notes to consolidated financial statements. | |
| | | [ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. |
| | [i) Computation of tangible net worth under 17 CFR 240.18a-2. | |
| | | (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. |
| | | [] {k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or |
| | Exhibit A to 17 CFR 240.18a-4, as applicable. | |
| | | (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. |
| | | (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. |
| | | [n] Information relating to possession or control requirements for security-based swap customers under 17 CFR |
| | 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable.
exist. | o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net
worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17
CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences |
| | | [p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. |
| | | (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.18a-7, as applicable. |
| | | [ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. |
| | | [s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. |
| | | (t) Independent public accountant's report based on an examination of the statement of financial condition. |
| | | [ (u) Independent public accountant's report based on an examination of the financial statements under 17 |
| | CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. | |
| | | [] {v] Independent public accountant's report based on an examination of certain statements in the compliance report under 17 |
| | CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. | |
| | CFR 240.18a-7, as applicable. | _ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 |
| | as applicable. | [x] Supplemental reports on applying agreed upon procedures, in accordance with 17 CFR 240.17a-12, |
| | a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). | [] (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or |
| | (z) Other: | |
| | applicable. | ** To request confidential treatment of chis filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as |
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#### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**
DCPA
To the Board of Directors and Shareholder of Jahani Securities Inc.:
#### **Opinion on the Financial Statement**
We have audited the accompanying statement of financial condition of Jahani Securities Inc. (the "Company") as of September 30, 2024, and the related notes (collectively referred to as the "financial statement"). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of the Company as of September 30, 2024 in conformity with accounting principles generally accepted in the United States of America.
#### **Basis for Opinion**
This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement 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 statement is 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 statement, 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.
**DCPA**
DCPA We have served as the Company's auditor since 2024. Century City, California December 30, 2024
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| Cash | \$
44,670 |
|--------------------------------------------------------|--------------|
| Accounts receivable | 40,000 |
| 7RWDODVVHWV | \$
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| Accounts
payable and
accrued
expenses | \$
2,528 |
| Payable to affiliate | 483 |
| 7RWDOOLDELOLWLHV | |
| Stockholder's equity | |
| Common stock, \$0.01 par value, 200 shares authorized, | 1 |
| 100 shares issued and outstanding | |
| Additional paid-in capital | 62,999 |
**Total liabilities and stockholder's equity** \$ **84,670**
Retained Earnings
**Total stockholder's equity**
18,659 **81,659**
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#### *General*
Jahani Securities Inc. (the "Company") was incorporated in the state of New York on May 23, 2023. The Company is a registered broker-dealer in securities with the Securities and Exchange Commission ("SEC") under the Securities and Exchange Act of 1934, is a member of the Financial Industry Regulatory Authority ("FINRA"), and a member with the Securities Investor Protection Corporation ("SIPC"). The Company was approved by FINRA to commence business on December 11, 2023 as an investment banker that provides Investment Banking services. Under its membership agreement with FINRA, the Company does not maintain customer accounts, hold customer assets, or handle customer securities transactions.
#### *Summary of Significant Accounting Policies*
The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Accounts receivable consist of fees due from customers and are stated at face amount with no allowance for doubtful accounts. An allowance for doubtful accounts is not considered necessary because probable uncollectible accounts are immaterial.
The Company recognizes revenue when the following criteria are met: 1) persuasive evidence of an arrangement exists; 2) delivery has occurred; 3) an established sales price has been set with the customer; 4) collection of the sale revenue from the customer is reasonably assured; and 5) no contingencies exist. Delivery is considered to have occurred when the customer assumes the risk and rewards of ownership.
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Accounts receivable from investment banking revenues are stated at face amount with no allowance for doubtful accounts. An allowance for doubtful accounts is not considered necessary. Accounts receivable balance as of September 30, 2024, totaled \$40,000.
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The Financial Accounting Standards Board (the "FASB") has established the Accounting Standards Codification ("Codification" or "ASC") as the authoritative source of generally accepted accounting principles ("GAAP") recognized by the FASB. The principles embodied in the Codification are to be applied by nongovernmental entities in the preparation of financial statements in accordance with GAAP in the United States. New accounting pronouncements are incorporated into the ASC through the issuance of Accounting Standards Updates ("ASUs").
For the period ending September 30, 2024, various ASUs issued by the FASB were either newly issued or had effective implementation dates that would require their provisions to be reflected in the financial statements for the year then ended. The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Company's financial statements. In most cases, management has determined that the pronouncement has either limited or no application to the Company and, in all cases, implementation would not have a material impact on the financial statements taken as a whole.
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The Company had no commitments, no contingent liabilities and had not been named as a defendant in any lawsuit as of September 30, 2024, or during the SHULRG then ended.
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The Company has evaluated events and transactions subsequent to the Statement of Financial Condition date for items requiring recording or disclosure in the financial statements. The evaluation was performed through the date the financial statements were available to be issued. Based upon this review, the Company has determined that there were no events or transactions which took place that would have a material impact on its financial statements.
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Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.