# RPP SECURITIES, LLC X-17A-5 (2024-02-28) — Broker-dealer annual report - Company: RPP SECURITIES, LLC - Form: X-17A-5 - Filed: 2024-02-28 - Period: 2023-12-31 - Accession: 0001875375-24-000003 - CIK: 1875375 - File #: 8-70761 - Type: Broker-dealer - Material weakness: No - Auditor: LMHS PC - Auditor location: Norwell, MA - Contact: Mark T Manzo - Phone: 2015191905 - Email: mmanzo@moppartners.com - Website: moppartners.com - Signed by: John Clard (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1875375/000187537524000003/rppconfident.pdf --- {0}------------------------------------------------ Financial Statements and Supplementary Information For the Year Ended December 31, 2023 (Confidential Pursuant to Rule 17a-5(e)(3)) {1}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ## ANNUAL REPORTS FORM X-17A-5 PART Ill | Expires: Nov. 30, 2026
Estimated average burden | | |----------------------------------------------------|--| | hours per response· I 2 | | | SEC FILE NUMBER | | | 8-70761 | | OM8 APPROVAL 0MB Number: 3235-0123 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 O 1/01 /23 MM/00/YY AND ENDING 12/31123 MM/00/YY **A. REGISTRANT IDENTIFICATION** NAME OF FIRM: RPP SECURITIES TYPE OF REGISTRANT (check all applicable boxes): 0 Broker-dealer D Security-based swap dealer D Major security-based swap participant DCheck here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 100 PARK AVENUE, 16TH FLOOR (No. and Street) NEW YORK NY 10017 (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING Mark T Manzo (201) 519-1905 mmanzo@moppartners.com (Name) (Area Code - Telephone Number) (Email Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* LMHS, P.C. (Name - if individual, state last, first, and middle name) | S
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)PCAOB '"'"""'" N,mbe,, ff applicable) | | of ' "'"""'" wf17 CFR 240.17a-S(e)(l)(li), 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. {2}------------------------------------------------ #### OATH OR **AFFIRMATION** | I, John Clark | swear (or affirm) that, to the best of my knowledge and belief, he | |--------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------| | financial report pertaining to the firm of RPP SECURITIES
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CEO | | This filing•• contains (check all applicable boxes): | | - ~ (a) Statement of financial condition. - D(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 statemen o 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. - D(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 240.1Sc3-1 or 17 CFR 240.lBa-1, as applicable. - D(i) Computation of tangible net worth under 17 CFR 240.lBa-2. - ~ U) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - 0(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. - ~ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - 0(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.lBa-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.lBa-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.lBa-7, as applicable. - D(t) Independent public accountant's report based on an examination of the statement of fina ncial 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.lBa-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. - (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 pre ious audit, or a statement that no material inadequacies exist, under 17CFR 240.17a-12(k}. - D(z) Other:------------------------------------- - 0 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}------------------------------------------------ ## **December 31, 2023** ## **Table of Contents** | Report oflndependent Registered Public Accounting Firm | 1 | |----------------------------------------------------------------------------------------------------------------------|-------| | Statement of Financial Condition | 2 | | Statement oflncome | 3 | | Statement of Changes in Members' Equity | 4 | | Statement of Cash Flows | 5 | | Notes to the Financial Statements | 6-9 | | Supplemental Information | | | Schedule I: | | | Computation of Net Capital Under Rule 15c3-l
of the Securities and Exchange Commission | | | Reconciliation with Company's Net Capital Computation | 10-11 | | Schedule II: | | | Computation for Determination of Reserve Requirements
Under Rule 15c3-3 of the Securities and Exchange Commission | | | Schedule III: | | | Information Relating to Possession or Control Requirements | | | Under Rule 15c3-3 of the Securities and Exchange Commission | 12 | | Review Report of Independent Registered Public Accounting Firm | 13 | | SEA 15c3-3 Exemption Report | 14 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) *Report of Independent Registered Public Accounting Firm* To the Member RPP Securities, LLC New York, NY #### *Opinion on the Financial Statements* We have audited the accompanying statement of financial condition of RPP Securities, LLC, as of December 31 , 2023, and the related statements of income, changes in member's equity and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of RPP Securities, LLC as of December 31 , 2023 , and the results of its operations and its cash flows for the year then ended, in confonnity with accounting principles generally accepted in the United States of America. #### *Basis for Opinion* These financial statements are the responsibility of the entity's management. Our responsibility is to express an opinion on these financial statements based on our audit. We are a public accounting finn registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to RPP Securities, LLC 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 perfonn the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included perfonning procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and perfonning 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. #### *Supplemental Information* The supplemental infonnation appearing on pages 10 through 12 has been subjected to audit procedures perfonned in conjunction with the audit ofRPP Securities, LLC's financial statements. The supplemental infonnation is the responsibility ofRPP Securities, LLC's management. Our audit procedures included detennining whether the supplemental infonnation reconciles to the financial statements or the underlying accounting and other records, as applicable, and perfonning procedures to test the completeness and accuracy of the infonnation presented in the supplemental infonnation. In fanning our opinion on the supplemental infonnation, we evaluated whether the supplemental information, including its fonn and content, is presented in confonnity with C.F .R. §240. l 7a-5. In our opinion, the supplemental infonnation is fairly stated, in all material respects, in relation to the financial statements as a whole. LMHS, P.C. We have served as the RPP Securities, LLC's auditor since 2022. Norwell, Massachusetts February 23, 2024 ![](_page_4_Picture_15.jpeg) {5}------------------------------------------------ ## **Statement of Financial Condition December 31, 2023** #### ASSETS | Cash and cash equivalents [Note 2] | \$
44,535 | |---------------------------------------|---------------| | Prepaid Expenses | 6,290 | | Prepaid Consulting | 328,004 | | Total assets | \$
378,829 | | LIABILITIES AND MEMBER'S EQUITY | | | Liabilites: | | | Current liabilities | | | Accounts payable & Accrued expenses | \$
19,538 | | Total liabilities | 19,538 | | | | | Member's equity : | | | Member's equity | 359,291 | | Total member's equity | 359,291 | | Total liabilities and member's equity | \$
378,829 | {6}------------------------------------------------ ## **Statement of Income For the year ended December 31, 2023** #### REVENUE | Mergers & Acquisition fees | \$
695,000 | |------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------| | Total revenue | \$
695,000 | | EXPENSES: | | | Professional fees
Rent expense
Regulatory fees and expenses
Service fees from affiliate
Other operating expenses | \$
318,562
1,660
3,609
50,000
9,235 | | Total expenses | \$
383,066 | | NET PROFIT BEFORE INCOME TAXES | \$
311
,934 | | Income tax expense | \$ | | NET PROFIT | \$
311
,934 | {7}------------------------------------------------ # **RPP Securities, LLC Statement of Changes in Member's Equity For the year ended December 31, 2023** | | Member's
Equity | | Net
Profit | Contributions
(Distributions) | Total
Member's
Equity | | |-----------------------------------------------------------------------------------------------------|--------------------|--------|-------------------|----------------------------------|-----------------------------|-------------------------------------| | Beginning balance January 1, 2023
Member's contributions
Net Profit
Member's distributions | \$ | 35,905 | ,934
311 | ,452
11 | \$ | 35,905
,452
11
,934
311 | | Ending balance December 31
, 2023 | \$ | 35,905 | \$
,934
311 | ,452
\$
11 | \$ | 359,291 | {8}------------------------------------------------ # **RPP Securites, LLC Statement of Cash Flows For the year ended December 31, 2023** #### CASH FLOWS FROM OPERATING ACTIVITIES | Net Profit
Adjustments to reconcile net profit to net cash
provided/(used) by operating activities: | \$
311
,934 | |-----------------------------------------------------------------------------------------------------------|--------------------------| | (Increase) decrease in:
Prepaid Expenses | (327,810) | | Increase (decrease) in:
Accounts Payable & Accrued Expenses
Payable to parent | (10,692)
,890)
(11 | | Net cash used in operating activities | \$
(38,458) | | CASH FLOWS FROM INVESTING ACTIVITIES | | | Contributions
Distributions | ,452
11 | | Net cash provided by investing activities | \$
,452
11 | | Decrease in cash | \$
(27,006) | | beginning of year
Cash - | \$
,541
71 | | end of period
Cash - | \$
44,535 | {9}------------------------------------------------ #### **Note 1: Organization** RPP Securities, LLC (the "Company") was organized in the State of Delaware on May 21 , 2021 . The Company registered as a broker-dealer with the Securities Exchange Commission on August 02, 2022, and is a member of the Financial Industry Regulatory Authority ["FINRA"] and the Security Investor Protection Corporation ["SIPC"]. The Company transacts business in private placements of securities and provides Mergers and acquisitions advisory services. Under its membership agreement with FINRA the Company will not claim an exemption from SEA Rule 15c3-3. The Company will not accept customer funds or securities and will not have possession of any customer funds or securities in connection with their activities. The Company is a Non-Covered firm that relies on Footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff #### **Note 2: Summary of Significant Accounting Policies** #### **Basis of Presentation** The accompanying financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America. The Company uses accrual method of accounting. #### **Use of estimates** The preparation of financial statements in conformity with GAAP 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 as well as the reported amount of revenues and expenses during the reporting period. Actual results could differ from these estimates. #### **Cash and Cash Equivalents** The Company considers all highly liquid instruments with an original maturity of three months or less when purchased to be cash equivalents. As of December 31 , 2023, the Company had a cash balance of \$44,535. #### **Revenue Recognition** The company receives fees in accordance with terms stipulated in its engagement contracts. Fees are recognized as earned. The Company also receives success fees when transactions {10}------------------------------------------------ #### **Revenue Recognition (Continued)** are completed. Success fees are recognized when earned, which means the Company has no further continuing obligations and collection is reasonably assured. Retainer fees that are not subject to refund are recognized when received subject to the terms of engagement. #### A. Significant accounting policy Revenue is measured based on a consideration specified in a contract with a customer, and excludes any sales incentives and amounts collected on behalf of third parties. The Company recognizes revenue when it satisfied a performance obligation by transferring control over a product or service to a customer. Taxes and regulatory fees assessed by a government authority or agency that are both imposed on and concurrent with a specified revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. The Company adopted Topic 606 "Revenue from Contracts with Customers" when it was formed. The Company provides advisory services on mergers and acquisitions (M&A). Revenue for advisory arrangements is generally recognized at the point in time that performance under the arrangement is completed (the closing date of the transaction) or the contract is cancelled. However, for certain contracts, revenue is recognized over time for advisory arrangements in which the performance obligations are simultaneously provided by the Company and consumed by the customer. In some circumstances, significant judgment is needed to determine the timing and measure of progress appropriate for revenue recognition under a specific contract. Retainers and other fees received from customers prior to recognizing revenue are reflected as contract liabilities. At December 31 , 2023, the Company maintains that no such contract liabilities existed nor were there any circumstances whereby significant judgement was needed to determine the timing and measure of progress appropriate for revenue recognition under a specific contract. B. Nature of services Fees earned: This includes fees earned from private placements and M&A advisory services. #### **Professional fees** As of December 31 , 2023, the Company paid \$318,562 in professional fees, which included accounting, audit and consulting services. ### **Note 3: Securities owned** As of the statement of financial condition date the Company does not own any corporate stocks or debt instruments. {11}------------------------------------------------ #### **Note 4: Income taxes** The Company, with the consent of its member, has elected to be a California Limited Liability Company. For tax purposes the Company is treated like a partnership, therefore in lieu of business income taxes for Federal and State income tax, all income or loss "flows through" to the member's individual income tax returns. However, provisions are made for the State of California's annual minimum tax and LLC fees that are reflected in these financial statements. As the tax obligations are passed through to its members, any audit or review considerations related to Internal Revenue Under section 6501(a) of the Internal Revenue Code (Tax Code) and section 301.6501(a)-l(a) of the Income Tax Regulations (Tax Regulations), the IRS is required to assess tax within 3 years after the tax return was filed with the IRS. Service assessments and statute oflimitations thereof are borne by the Company's members. #### **Note 5: Fair Value** The Company adopted Financial Accounting Standards ("SFAS") ASC 820 Measurements and Disclosures, for assets and measured at fair value on a recurring basis. The adoption of ASC 820 had no effect on the Company's financial statements. ASC 820 accomplishes the following key objectives: - Defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; - Establishes a three-level hierarchy (the "Valuation Hierarchy") for fair value measurements; - Requires consideration of the Company's creditworthiness when valuing liabilities; and expands disclosures about instruments measured at fair value. The Valuation Hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. A financial instrument's categorization within the Valuation Hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels of the Valuation Hierarchy and the distribution of the Company's financial assets within it are as follows: - Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. - Level 2 inputs to the valuation methodology included quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the #### **Note 5: Fair Value Continued** asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. {12}------------------------------------------------ Level 3 - inputs to the valuation methodology are unobservable and significant to the fair value measurement. Certain financial instruments are carried at cost on the statement of financial condition, which approximate fair value due to their short-term highly liquid nature. These instruments include cash and cash equivalents, accounts receivable, accrued expenses and other liabilities and deferred revenue. #### **Note 6: Net capital requirements** Pursuant to the Basic Uniform Net Capital prov1s10ns of the Securities and Exchanges Commission, the Company is required to maintain a minimum net capital, as defined, in such provision. Further, the Securities and Exchange Commission Uniform net capital rule (Rule 15c3- 1) requires that the ratio of aggregate indebtedness to net capital, as defined, shall not exceed 15 to 1. Net capital and the related net capital ratio may fluctuate on a daily basis. At December 31 , 2023, the Company had net capital of \$24,996 which was \$19,996 in excess of its required net capital of \$5,000. The Company's aggregate indebtedness to net capital ratio was .78 to 1. #### **Note** 7: **Related party transactions** The Company's rent for an office suite and email archiving services are paid by an entity owned by the Company's CEO. At December 31 , 2023, the Company owed the entity \$4,217 for rent and \$4,626 for email archiving fees. At December 31 , 2023, the entity has an advanced consulting fee balance of \$328,004 due the Company. #### **Note 8: Commitments and Contingencies** At December 31 , 2023 the Company did not have any commitments, contingencies for guarantees that might result in a loss or future obligation. #### **Note 9: Subsequent Events** Management has evaluated subsequent events through February 23, 2024, the date which the financial statements were available to be issued. {13}------------------------------------------------ # SUPPLEMENTARY INFORMATION PURSUANT TO RULE 17a-S OF THE SECURITIES EXCHANGE ACT OF 1934 {14}------------------------------------------------ ## **Schedule I** ## **RPP Securities, LLC** # **Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission As of December 31, 2023** | NET CAPITAL | | | |-----------------------------------------------------------|---------|--------------| | Total partners' equity | | \$ 359,291 | | Deduct member's equity not allowable for net capital | | | | Total member's equity qualified for net capital | | 359,291 | | Deductions: | | | | Nonallowable assets | | | | Prepaid expenses | 334,294 | | | | | 334,294 | | Net capital before haircuts on securities positions | | 24,997 | | Haircuts on securities | | | | | | | | NET CAPITAL | | \$
24,997 | | AGGREGATE INDEBTEDNESS | | | | Other payable and accrued expenses, and others | 19,538 | | | | | 19,538 | | Total aggregate indebtedness | | \$
19,538 | | | | | | COMPUTATION OF BASIC NET CAPITAL REQUIREMENT | | | | Minimum net capital required: | | 1,303 | | Minimum dollar required: | | \$
5,000 | | Excess net capital | | \$
19,997 | | | | | | Net capital less greater of 10% of aggregate indebtedness | | | | or 120% of minimum dollar amount | | \$
18,997 | | Ratio: Aggregate indebtedness to net capital | | .78 to 1 | {15}------------------------------------------------ ## **Schedule I** # **RPP Securities, LLC** # **Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission As of December 31, 2023** | Net capital, as reported in Company's Part IIA (unaudited) | | |------------------------------------------------------------|--------------| | FOCUS report | \$
24,997 | | Adjustments: | | | | | | Net capital per above | \$
24,997 | {16}------------------------------------------------ ## **RPP SECURITIES, LLC December 31, 2023** #### **Schedule** II **Determination of Reserve Requirements Under Rule 15c3-3 of the Securities and Exchange Commission** The Company does not claim an exemption under paragraph (k) of 17 C.F.R. 240. l 5c3-3. The Company is a Non-Covered firm that relies on Footnote 74 of the SEC Release No. 34-70073 #### **Schedule** III **Information Relating to Possession or Control Requirements Under Rule 15c3-3** The Company does not claim an exemption under paragraph (k) of 17 C.F.R. 240. l 5c3-3 The Company is a Non-Covered firm that relies on Footnote 74 of the SEC Release No. 34-70073 {17}------------------------------------------------ ![](_page_17_Picture_0.jpeg) *Report of Independent Registered Public Accounting Firm* To the Member RPP Securities, LLC New York, New York We have reviewed management's statements, included in the accompanying SEC Rule 15c3-3 Exemption Report in which RPP Securities, LLC stated that RPP Securities, LLC's business activities are limited to private placement of securities, specifically to act as selling agent in the solicitation of private offerings on a best effort basis and that it has not held customer funds or securities and that RPP Securities, LLC is classified as "non-covered" pursuant to footnote 74 to SEC Release 34-70073, dated July 30, 2013 and as discussed in Q&A 8 of the related FAQ issued by SEC staff on April 4, 2014. RPP Securities, LLC also stated that it had maintained compliance with the above declaration throughout the most recent fiscal year ended, without exception. RPP Securities, LLC management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and accordingly, included inquiries and other required procedures to obtain evidence about RPP Securities, LLC's compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, in all material respects, based on the provisions set forth in Footnote 74 to SEC Release 34-70073. LMHS, P.C. We have served as RPP Securities, LLC's auditor since 2022. Norwell, Massachusetts February 23 , 2024 ![](_page_17_Picture_10.jpeg) {18}------------------------------------------------ #### **RPP SECURITIES, LLC** #### **EXEMPTION REPORT** December 31 , 2023 RPP Securities, LLC (the "Company") is a registered broker-dealer subject to Rule **l** 7a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240. **l** 7a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. § 240. l 7a-5( d)(l) and ( 4). To the best of its knowledge and belief, the Company states the following: - The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240. 15c3-3. - The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to receiving transaction-based compensation for merger and acquisition advisory services. - The Company did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers. - The Company did not carry accounts of or for customers throughout the most recent fiscal year without exception. - The Company had no exceptions under SEC Rule 15c3-3 throughout the year ended December 31, 2023. RPP Securities, LLC I, John Clark, affirm that, to my best knowledge and belief, this Exemption Report is true and correct. Title: John Clark, CEO February 23, 2024 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.