# HARLEY CAPITAL LLC X-17A-5 (2024-02-29) — Broker-dealer annual report
- Company: HARLEY CAPITAL LLC
- Form: X-17A-5
- Filed: 2024-02-29
- Period: 2023-12-31
- Accession: 0001820850-24-000002
- CIK: 1820850
- File #: 8-70571
- Type: Broker-dealer
- Material weakness: Yes
- Auditor: Ohab and Company, PA
- Auditor location: Maitland, FL
- Contact: Michael Egan
- Phone: 9147145032
- Email: pam@ohabco.com
- Website: finopsolutions.com
- Signed by: Michael Egan (CCO)
Original filing: https://www.sec.gov/Archives/edgar/data/1820850/000182085024000002/sipcfiling.pdf
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100 E. Sybelia Ave. Suite 130 Certified Public Accountants Telephone 407-740-7311 Maitland, FL 32751 Email: pam@ohabco.com Fax 407-740-6441 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES
Board of Directors of Harley Capital LLC
We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection (SIPC) Series 600 Rules, which are enumerated below on the accompanying General Assessment Reconciliation (Form SIPC) 10.7 the year ended December 31, 2023. Management of Harley Capital LLC (the Company) is responsible for its Form SIPC-7 and for its compiance with the applicable instructions on Form SIPC-7.
Management of the Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting you and SIPC in evaluating the Compliance with the applicable instructions on Form SIPC-7 for the year ender 31, 2023. Additionally 3 complante with the appliable institution procedures performed are appropriate for their intended in and administration of the suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, use are responsible for determing whether the needs of the needs of appropriate for their purposes. The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which been requested or for any other purpose. The procedures we performed and our associated findings are as follows:
- 1) Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement records entries, noting no differences;
- 2) Compared the Total Revenue amounts reported on the Annual Audited Report Form X-17A-5 Part III for the year ended December 31, 2023 with the Total Revenue amount reported in Form SIPA of the year ended December 31, 2023, noting no differences;
- 3) Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences:
- 4) Recalculated the arithmetical acouracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences; and
- 5) Compared the amount of any overpayment applied to the current assessment with the Form SIPC-7 on which it was originally computed, noting no differences.
We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the AlCPA and in accordance with the standards of the Public Company Accounting Oversight Board (United States). We were not engaged to and tid not conduct a examination or a review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the Company's Form SIPC-7 and for its combinee with the applicable instructions on Form SIPC-7 for the year ended December 31, 2023. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.
We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.
This report is intended solely for the information and use of the Company and SIPC and is not intended to be and should not be used by anyone other than these specified parties.
Ohal and compag, P.
Ohab and Company, PA Maitland, Florida February 28, 2024
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## **GENERAL ASSESSMENT FORM**
For the fiscal year ended \_\_\_\_\_\_\_\_\_\_ 12/31/2023
| | Determination of "SIPC NET Operating Revenues" and General Assessment for:
MEMBER NAME
HARLEY CAPITAL LLC | SEC No.
8-70571 | |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------|---------------------------------------|
| | 1/1/2023
For the fiscal period beginning ______________ and ending ____________ | 12/31/2023 | |
| 1 | Total Revenue (FOCUS Report – Statement of Income (Loss) – Code 4030) | | \$ 2,634,499.00
__________________ |
| 2 | Additions: | | |
| | a Total
revenues
from
the
securities
business
of
subsidiaries
(except
foreign
subsidiaries)
and
predecessors
not
included
above.
__________________ | | |
| | b Net
loss
from
principal
transactions
in
securities
in
trading
accounts. | __________________ | |
| | c Net
loss
from
principal
transactions
in
commodities
in
trading
accounts. | __________________ | |
| | d Interest
and
dividend
expense
deducted
in
determining
item
1. | __________________ | |
| | e Net
loss
from
management
of
or
participation
in
the
underwriting
or
distribution
of
securities. | __________________ | |
| | f Expenses
other
than
advertising,
printing,
registration
fees
and
legal
fees
deducted in determining net profit management of or participation in
underwriting or distribution of securities. | __________________ | |
| | g Net loss from securities in investment accounts. | __________________ | |
| | h Add lines 2a through 2g. This is your total additions. | | \$ 0.00
__________________ |
| 3 | Add lines 1 and 2h | | \$ 2,634,499.00
__________________ |
| 4 | Deductions: | | |
| | a Revenues from the distribution of shares of a registered open end investment
company or unit investment trust, from the sale of variable annuities, from the
business of insurance, from investment advisory services rendered to
registered investment companies or insurance company separate accounts
and from transactions in security futures products. | __________________ | |
| | b Revenues from commodity transactions. | __________________ | |
| | c Commissions, floor brokerage and clearance paid to other SIPC members
in connection with securities transactions. | \$ 103,500.00
__________________ | |
| | d Reimbursements for postage in connection with proxy solicitations. | __________________ | |
| | e Net gain from securities in investment accounts. | __________________ | |
| | f 100% commissions and markups earned from transactions in (I) certificates
of deposit and (ii) Treasury bills, bankers acceptances or commercial paper
that
mature nine months or less from issuance date. | __________________ | |
| | g Direct expenses of printing, advertising, and legal fees incurred in connection
with other revenue related to the securities business (revenue defined by
Section 16(9)(L) of the Act). | __________________ | |
| | h Other revenue not related either directly or indirectly to the securities business.
Deductions in excess of \$100,000 require documentation | __________________ | |
| 5 | a Total interest and dividend expense (FOCUS Report - Statement
of Income (Loss) -
Code 4075 plus line 2d above) but
not
Ln excess of total interest and dividend income
__________________ | | |
| | b 40% of margin interest earned on customers securities accounts
(40% of FOCUS Report - Statement of Income (Loss)
-
Code 3960)
__________________ | | |
| | c Enter the greater of line 5a or 5b | \$ 0.00
__________________ | |
| 6 | Add lines 4a through 4h and 5c. This is your total deductions. | | \$ 103,500.00
__________________ |
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| SIPC-7
37 REV 0722 | SECURITIES INVESTOR PROTECTION CORPORATION | | | SIPC-7
37 REV 0722 | | |
|-----------------------|---------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|-----------------------------------|---------------------------------------|--|
| | | | GENERAL ASSESSMENT FORM | | | |
| | | | 12/31/2023
For the fiscal year ended __________ | | | |
| 7 | | Subtract line 6 from line 3. This is your SIPC Net Operating Revenues. | | | \$ 2,530,999.00
__________________ | |
| 8 | Multiply line 7 by .0015. This is your General Assessment. | | | | \$ 3,796.00
__________________ | |
| 9 | | Current overpayment/credit balance, if any | | | \$ 100.00
__________________ | |
| 10 | | 2023
General assessment from last filed
_____
SIPC-6 or 6A | | \$ 1,922.00
__________________ | | |
| | d Add lines 11a through 11c | 2023
11 a Overpayment(s) applied on all _____ SIPC-6 and 6A(s)
b Any other overpayments applied
2023
c All payments applied for _____ SIPC-6 and 6A(s) | \$ 100.00
__________________
\$ 0.00
__________________
\$ 1,822.00
__________________ | \$ 1,922.00
__________________ | | |
| 12 | LESSER of line 10 or 11d. | | | | \$ 1,922.00
__________________ | |
| | 13 a Amount from line 8 | | | \$ 3,796.00
__________________ | | |
| | b Amount from line 9 | | | \$ 100.00
__________________ | | |
| | c Amount from line 12 | | | \$ 1,922.00
__________________ | \$ 1,774.00 | |
| | d Subtract lines 13b and 13c from 13a. This is your assessment balance due.
__________________ | | | | | |
| 14 | 0
__________________
Interest (see instructions) for ______ days late at 20% per annum | | | | | |
| 15 | | Amount you owe SIPC. Add lines 13d and 14. | | | \$ 1,774.00 | |
| 16 | | Overpayment/credit carried forward (if applicable) | | | \$ 0.00
__________________ | |
| SEC No.
8-70571 | MEMBER NAME
MAILING ADDRESS | Designated Examining Authority
DEA: FINRA
HARLEY CAPITAL LLC
55 WEST POST ROAD 3RD FLR
WESTPORT , CT 06880 | FYE
2023 | Month
Dec | | |
| | | | | | | |
Subsidiaries (S) and predecessors (P) included in the form (give name and SEC number)
> By checking this box, you certify that you have the authority of the SIPC member to sign this form; that all information in this form is true and complete; and that on behalf of the SIPC member, you are authorized, and do hereby consent, to the storage and handling by SIPC of the data in accordance with SIPC's Privacy Policy ✔
| HARLEY CAPITAL LLC | Richard Onesto |
|--------------------------------------------------------|---------------------------------|
| ______________________________________________________ | _______________________________ |
| (Name of SIPC Member) | (Authorized Signatory) |
| 1/23/2024 | rich@finopsolutions.com |
| ______________________________________________________ | _______________________________ |
| (Date) | (e-mail address) |
Completion of the "Authorized Signatory" line will be deemed a signature.
*This form and the assessment payment are due 60 days after the end of the fiscal year.*
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.