# PGB SECURITIES LLC X-17A-5 (2026-01-21) — Broker-dealer annual report - Company: PGB SECURITIES LLC - Form: X-17A-5 - Filed: 2026-01-21 - Period: 2025-12-31 - Accession: 0001774439-26-000002 - CIK: 1774439 - File #: 8-70338 - Type: Broker-dealer - Material weakness: No - Auditor: Crowe LLP - Auditor location: New York, NY - Contact: Frank Rossi - Phone: (908) 719-4309 - Email: ewaser@pgbank.com - Website: pgbank.com - Signed by: Eric Waser (Executive Vice President, Head of Investment Banking) Original filing: https://www.sec.gov/Archives/edgar/data/1774439/000177443926000002/publipgb.pdf --- {0}------------------------------------------------ #### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OM B APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 # **ANNUAL REPORTS FORM X-17A-5 PART** Ill SEC FILE NUMBER 8-70338 | | 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 01/01/25 | | 12/31/25 | | | | | | | AND ENDING
MM/DD/VY | ----------
MM/DD/VY | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | NAME oF FIRM: PGB Securities LLC | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
D Security-based swap dealer
D Major security-based swap participant
G Broker-dealer
D Check here if respondent is also an OTC derivatives dealer
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | 500 Hills Drive | | | | | | | | | (No. and Street) | | | | | | | Bedminster | NJ | 07921 | | | | | | (City) | (State) | (Zip Code) | | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | Eric Waser | (908) 443-5385 | ewaser@pgbank.com | | | | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | Crowe LLP | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | | | 485 Lexington Avenue | New York | 10017
NY | | | | | | (Address) | (City) | (State)
(Zip Code) | | | | | Ir• **of Reg;mat;oo w;th PCAOB )(;f appUcable) FOR OFFICIAL USE ONLY** ( PCAOB Reg;m,uoo N, m bee, **;fa** ppUcable) I \* Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public September 23, 2003 173 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)(l)(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 0MB control number.** {1}------------------------------------------------ #### **OATH OR AFFIRMATION** I, \_E\_ri\_c\_W\_a\_se\_r \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ ~swear (or affirm) that, to the best of my knowledge and belief, the | financial report pertaining to the firm of | PGB Securities LLC | , as of | |--------------------------------------------|--------------------|---------| |--------------------------------------------|--------------------|---------| **\_1""'2~/3;;....;..1** \_\_\_\_\_\_\_\_\_\_\_ ..., 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: /s/ Eric Waser Title: Executive Vice President, Head of Investment Banking ### **This filing\*\* contains (check all applicable boxes):** - ~ (a) Statement of financial condition. - ~ (b) Notes to consolidated 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 (d) Statement of cash flows. - D (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors. - D (g) Notes to consolidated financial statements. - D (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - D (i) Computation of tangible net worth under 17 CFR 240.18a-2. - D (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - D (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. - D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - D (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - D (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. - D (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. - D (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. - D (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. - D (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. - D (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. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable. - D (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). - D (z) Other: {2}------------------------------------------------ \*\*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. {3}------------------------------------------------ #### **PGB SECURITIES LLC** #### **FINANCIAL STATEMENTS** December 31 , 2025 {4}------------------------------------------------ ### FINANCIAL STATEMENTS December 31, 2025 # CONTENTS | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1 | |---------------------------------------------------------|---| | STATEMENT OF FINANCIAL CONDITION | 2 | | NOTES TO FINANCIAL STATEMENTS | 3 | {5}------------------------------------------------ ![](_page_5_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Board of Directors of PGB Securities LLC Bedminster, New Jersey #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of PGB Securities LLC (the "Company") as of December 31 , 2025, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31 , 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 this 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 statement. 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 statement. We believe that our audit of the financial statement provides a reasonable basis for our opinion. Crowe LLP We have served as the Company's auditor since 2019. New York, New York January 21 , 2026 {6}------------------------------------------------ ### PGB SECURITIES LLC STATEMENT OF FINANCIAL CONDITION December 31 , 2025 | ASSETS | | 2025 | | |------------------|---------------------------------------|-----------------|--| | Cash | | \$
1,761,456 | | | Prepaid expenses | | 3,441 | | | | Total assets | \$
1,764,897 | | | | LIABILITIES AND MEMBER'S EQUITY | | | | Accounts payable | | \$
14,250 | | | | Total liabilities | \$
14,250 | | | Member's equity | | 1,750,647 | | | | Total liabilities and member's equity | \$
1,764,897 | | See accompanying notes to the financial statements. {7}------------------------------------------------ ### PGB SECURITIES LLC NOTES TO FINANCIAL STATEMENTS December 31 , 2025 ### **NOTE 1** - **NATURE OF BUSINESS** **Nature of Business** - PGB Securities LLC (the "Company"), a New Jersey limited liability company and wholly owned subsidiary of Peapack Private Bank & Trust (the "Parent"), was formed in March 2019. The Company is registered as a broker/dealer with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporate (SIPC) effective May 1, 2020. The Company was approved for membership with FINRA as a Capital Acquisition Broker Dealer ("CAB") which limits the Company's business services to merger and acquisition advisory services and providing private placement of securities as a placement agent. # **NOTE 2** - **SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:** **Use of Estimates** -The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. **Income Taxes** - The Company is a single member limited liability company and is treated as a disregarded entity for federal income tax purposes. The Company's taxable income or loss is included in the individual tax return of its member; therefore, federal income taxes are not payable by or provided for the Company. The Company believes that all significant tax provisions utilized by the Company will more likely than not be sustained upon examination. As of December 31 , 2025, the tax years that remain subject to examination by the major tax jurisdictions under the statute of limitations are from the year 2021 forward. ### **NOTE 3** - **RELATED PARTY TRANSACTIONS** At December 31 , 2025, the Company had \$1,421 ,672 of cash on deposit at the Parent, which is included in Cash on the Statement of Financial Condition. ### **NOTE 4** - **CONTINGENCIES** There are currently no asserted claims or legal proceedings against the Company, however, the nature of the Company's business subjects it to various claims, regulatory examinations, and other proceedings in the ordinary course of business. The ultimate outcome of any such action against the Company could have an adverse impact on the financial condition, results of operations, or cash flows of the Company. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.