# JAHANI SECURITIES INC. X-17A-5 (2025-12-15) — Broker-dealer annual report

- Company: JAHANI SECURITIES INC.
- Form: X-17A-5
- Filed: 2025-12-15
- Period: 2025-09-30
- Accession: 0001761410-25-000003
- CIK: 1761410
- File #: 8-70268
- Type: Broker-dealer
- Material weakness: No
- Auditor: Amy Fusco at 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/1761410/000176141025000003/publicauditscanned1.pdf

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# Jahani Securities Inc.

*REPORT PURSUANT TO RULE 17a-5(d) AUDITED FINANCIAL STATEMENTS*

*For the Year Ended September 30, 2025* 

This report is deemed PUBLIC in accordance with Rule 17a-5(e)(3) under the Securities Exchange Act of 1934.

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### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549**

# **ANNUAL REPORTS FORM X-17A-5 PART III**

**FACING PAGE** 

**Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** 

FILING FOR THE PERIOD BEGINNING 10/01/24 AND ENDING \_09/30/25

MM/DD/YY MM/DD/YY

**A. REGISTRANT IDENTIFICATION** 

NAME OF FIRM: Jahani Securities Inc.

TYPE OF REGISTRANT (check all applicable boxes):

ڦ܆ Broker-dealer ܆Security-based swap dealer ܆Major security-based swap participant ܆ Check here if respondent is also an OTC derivatives dealer

ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)

# 641 LEXINGTON AVENUE 15TH FLOOR

|                                                  | (No. and Street)                                           |                 |                                            |
|--------------------------------------------------|------------------------------------------------------------|-----------------|--------------------------------------------|
| NEW YORK                                         | NY                                                         |                 | 10022                                      |
| (City)                                           | (State)                                                    |                 | (Zip Code)                                 |
| PERSON TO CONTACT WITH REGARD TO THIS FILING     |                                                            |                 |                                            |
| Joshua Jahani                                    | +1-646-851-0654                                            |                 | joshua.jahani@jahanisecurities.com         |
| (Name)                                           | (Area Code – Telephone Number)                             | (Email Address) |                                            |
|                                                  | B.<br>ACCOUNTANT IDENTIFICATION                            |                 |                                            |
| DCPA                                             | (Name – if individual, state last, first, and middle name) |                 |                                            |
|                                                  | 2121 Avenue of the Stars #800 Century City                 | CA              | 90067                                      |
| (Address)                                        | (City)                                                     | (State)         | (Zip Code)                                 |
| September 15, 2020                               |                                                            | 6567            |                                            |
| (Date of Registration with PCAOB)(if applicable) |                                                            |                 | (PCAOB Registration Number, if applicable) |
|                                                  | FOR OFFICIAL USE ONLY                                      |                 |                                            |
|                                                  |                                                            |                 |                                            |
|                                                  |                                                            |                 |                                            |

\* Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable.

**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 OMB control number.** 

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#### **OATH OR AFFIRMATION**

I, Joshua Jahani , swear (or affirm) that, to the best of my knowledge and belief, the

financial report pertaining to the firm of Jahani Securities Inc. , as of

9/30 , 2\_025 , 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 proprietary interest in any account classified solely as that of a customer.

Signature: Title: le:gnaturePresident - CCO - CEO

Notary Public

#### **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) 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.
- ܆) l) 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.
- ܆) o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, 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 exist.
- ܆) 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 240.17a-12, or 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 report or 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.
- ܆) w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- ܆) x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable.
- ܆) y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k).
- ܆) z) Other:
- *\*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable.*

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

DCPA

To the Board of Directors and Stockholder 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, 2025, 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, 2025 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 12, 2025

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# **Jahani Securities Inc. Statement of Financial Condition As of September 30, 2025**

#### **Assets**

| Cash                | \$<br>47,349 |
|---------------------|--------------|
| Accounts receivable | 40,333       |
| Total assets        | \$<br>87,682 |

### **Liabilities and Stockholder's Equity**

#### **Liabilities**

| Accounts payable and accrued expenses | \$<br>2,528 |
|---------------------------------------|-------------|
| Payable to affiliate                  | 2,085       |
| Total liabilities                     | 4,613       |

#### **Stockholder's equity**

| Additional paid-in capital | 62,999 |
|----------------------------|--------|
|----------------------------|--------|

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

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### **Note 1: GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

*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 bank 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 derives investment banking revenues from providing advisory and consulting services under client engagement agreements. Retainer fees are non-refundable, billed in the month services are provided, and the Company satisfies its performance obligations and revenue is recognized in the billed month based on the passage of time.

Success fees are recognized at a point in time when the contingencies related to the underlying engagement are resolved upon the successful closing of a transaction or completion of a specified milestone outlined in the engagement agreement.

The Company did not have any material contract assets or contract liabilities as of September 30, 2025, and no significant judgments were required in determining the timing of revenue recognition.

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# **Note 1: GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)** .

The Company accounts for its income taxes in accordance with ASC 740, Income Taxes. This standard requires the establishment of a deferred tax asset or liability to recognize the future tax effects of transactions that have not been recognized for tax purposes, including taxable and deductible temporary differences as well as net operating loss and tax credit carryforwards. Deferred tax expenses or benefits are recognized as a result of changes in the tax basis of an asset or liability when measured against its reported amount in the financial statements. The recording of the deferred tax items referred to above is conditioned upon the Company's judgment that realization is at least 50% probable. The Company files their tax return on a consolidated basis with its Parent. These financial statements present the Company's income taxes on a stand-alone basis.

# **Note 2: ACCOUNTS RECEIVABLE**

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, 2025, totaled \$40,333.

# **Note 3: RELATED PARTY AND EXPENSE SHARING AGREEMENT**

The Company is wholly owned by Jahani Holding Inc. (the "Parent" or "Holdings"). The Company has historically funded operations with capital contributions from its Parent.

The Company has entered into an expense sharing agreement with an affiliate company for its office space which does not subject them to ASC 842, Leases. The expense sharing agreement also covers shared administrative support services. For the year ended September 30, 2025, the Company had \$2,085 payable due to the Affiliate.

It is possible that the terms of certain of the related party transactions are not the same as those that would result for transactions among wholly unrelated parties.

# **Note 4: INCOME TAXES**

As discussed in Note 1, the Company files a consolidated tax return with its Parent on a calendar year basis. During the year ended September 30, 2025, the Company booked the Federal income tax provisions, as if, the Company was filing their own income tax return on a stand-alone basis and the income tax payable due to the Parent was subsequently forgiven by the Parent (see Note 9).

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### **Note 4: INCOME TAXES (CONTINUED)**

The Company's items of income, loss, credits, and deductions are not taxed within the Company but are reported on the income tax returns of Holdings for federal and state tax purposes. The results of the Company are included in the consolidated tax return of Holdings. Management of the Company has evaluated all significant tax positions as required by accounting principles generally accepted in the United States of America and is of the opinion that the Company has not taken any material tax position that would require the recording of any tax liability by the Company. Generally, federal and state authorities may examine the Company's tax returns for three years from the date of filing.

# **Note 5: RECENTLY ISSUED ACCOUNTING STANDARDS**

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, 2025, 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.

# **Note 6: COMMITMENTS AND CONTINGENCIES**

The Company had no commitments, no contingent liabilities and had not been named as a defendant in any lawsuit as of September 30, 2025, or during the period then ended.

# **Note 7: SUBSEQUENT EVENTS**

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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### **Note 8: NET CAPITAL REQUIREMENTS**

The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Rule 15c3-1 also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. Net capital and aggregate indebtedness change day to day, but on September 30, 2025, the Company had net capital of \$42,736 which was \$37,736 in excess of its required net capital of \$5,000; and the Company's ratio of aggregate indebtedness (\$4,613) to net capital was 0.11 to 1, which is less than the 15 to 1 maximum allowed.

# **NOTE 9 – EQUITY**

During the year ended September 30, 2025, the Company declared and paid dividends to the Parent. The Parent forgave the income taxes payable due to them as APIC and contributed additional cash contributions. The total APIC from the Parent was paid to the Parent as Return of Capital during the year ended September 30, 2025.

### **NOTE 10 – SEGMENT REPORTING**

The Company follows ASC 280, Segment Reporting (including adoption of ASU 2023-07), which requires companies to disclose segment data based on how management makes decisions about allocating resources to segments and evaluating performance.

The company conducts its business activities and reports financial results as a single reportable segment, brokerage services segment. Using the management approach, qualitative and quantitative criteria established by ASC 280, the Company is considered to be a single reportable segment. The Chief Operating Decision Maker ("CODM"), the President/CEO of the Company, makes decisions about allocating resources and assessing performance in a manner consistent with the way the Company operates its business and presents their financial results. The nature of business and accounting policies of the investment banking segment are the same as described in the organization and nature of business and summary of significant accounting policies.


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