Full text of ALBERT SECURITIES, LLC's X-17A-5 filed 2024-03-29 (period 2023-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # **Albert Securities, LLC** # **Statement of Financial Condition** **For the Year Ended December 31, 2023** {1}------------------------------------------------ ### ALBERT SECURITIES, LLC TABLE OF CONTENTS | Page | | |------------------------------------------------------------|---| | REPORT<br>OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1 | | STATEMENT OF FINANCIAL CONDITION | 2 | | NOTES TO THE STATEMENT OF FINANCIAL CONDITION | 3 | {2}------------------------------------------------ ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Those Charged with Governance and the Member of Albert Securities, LLC 126 E Haley Street, Suite A-2 Santa Barbara, CA 93101 March 2024 {3}------------------------------------------------ ## ALBERT SECURITIES, LLC #### (A WHOLLY-OWNED SUBSIDIARY OF ALBERT CORPORATION) Statement of Financial Condition | | December 31<br>2023 | |--------------------------------------------------------|---------------------| | | | | ASSETS | | | Cash | \lt;br>163,025 | | Deposit with clearing broker | 125,000 | | User-held fractional shares | 8,609,888 | | Securities held at clearing broker | 97,054 | | Clearance and other accounts with clearing broker | 264,775 | | Prepaid expenses and other assets | 66,443 | | TOTAL ASSETS | \lt;br>9,326,185 | | LIABILITIES AND MEMBER'S EQUITY | | | Payable to clearing broker | \lt;br>132,703 | | Fractional share repurchase obligations, at fair value | 8,609,888 | | Accounts payable and accrued expenses | 73,036 | | TOTAL LIABILITIES | 8,815,627 | | COMMITMENTS AND CONTINGENCIES (Note 4) | | | MEMBER'S EQUITY | 510,558 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | \lt;br>9,326,185 | The accompanying notes are an integral part of the statement of financial condition and should be read in conjunction herewith. The statement of financial condition is pursuant to subparagraph (e)(3) of Rule 17a-5 of the Securities Exchange Commission. {4}------------------------------------------------ #### ALBERT SECURITIES, LLC (A WHOLLY-OWNED SUBSIDIARY OF ALBERT CORPORATION) NOTES TO THE STATEMENT OF FINANCIAL CONDITION AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2023 #### 1. GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES #### *General* Albert Securities, LLC (the "Company") was organized in the State of Delaware on October 4, 2019. The Company is a registered broker-dealer in securities under the Securities and Exchange Act of 1934, a member of the Fi…Read the full text as markdown