# PRETIUM SECURITIES, LLC X-17A-5 (2024-02-28) — Broker-dealer annual report - Company: PRETIUM SECURITIES, LLC - Form: X-17A-5 - Filed: 2024-02-28 - Period: 2023-12-31 - Accession: 0001954283-24-000003 - CIK: 1954283 - File #: 8-71017 - Type: Broker-dealer - Material weakness: No - Auditor: Pricewaterhouse Coopers LLP - Auditor location: New York, NY - Contact: Agnieszka Jackowska - Phone: 9178911463 - Email: ajackowska@pretium.com - Website: pretium.com - Signed by: Agnieszka Jackowska (Chief Financial Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1954283/000195428324000003/Public.pdf --- {0}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OMB APPROVAL OMB Number: ϯϮϯϱͲϬϭϮϯ Expires: EŽǀ͘ϯϬ͕ϮϬϮϲ Estimated average burden hours per response: SEC FILE NUMBER ## **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 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ AND ENDING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ MM/DD/YY MM/DD/YY 01/01/2023 12/31/2023 **A. REGISTRANT IDENTIFICATION** #### NAME OF FIRM: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Pretium Securities, LLC TYPE OF REGISTRANT (check all applicable boxes): ܆ 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.) #### \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 60 Columbus Circle 19th Fl | New York
_____________________________________________________________________________________ | NY | | 10019 | |-----------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|------------------------|------------| | (City) | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | Agnieszka Jackowska
_____________________________________________________________________________________ | (917)
891-1463 | ajackowska@pretium.com | | | (Name) | (Area Code – Telephone Number) | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | PRICEWATERHOUSE COOPERS LLP
_____________________________________________________________________________________ | | | | | | (Name – if individual, state last, first, and middle name) | | 10017 | | 300 Madison Ave
_____________________________________________________________________________________
(Address) | New York
(City) | NY
(State) | (Zip Code) | | October
20,
2003
_____________________________________________________________________________________ | | 238 | | \* 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.** {1}------------------------------------------------ | Agnieszka Jackowska | | | | |---------------------|--|--|--| |---------------------|--|--|--| ![](_page_1_Picture_5.jpeg) - - - - - - - - - - - - - - - - - - - - - - - - - - {2}------------------------------------------------ # **Pretium Securities, LLC** **Financial Statements For the period October 2, 2023 (commencement of operations) to December 31, 2023** {3}------------------------------------------------ ### **Page(s)** | Report of Independent Registered Public Accounting Firm 1 | | |------------------------------------------------------------|--| | Financial Statements | | | Statement of Financial Condition 2 | | | Notes to Financial Statements3–4 | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### **Report of Independent Registered Public Accounting Firm** To the Managing Member of Pretium Securities, LLC #### *Opinion on the Financial Statement – Statement of Financial Condition* We have audited the accompanying statement of financial condition of Pretium Securities, LLC (the "Company") as of December 31, 2023, including 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, 2023 in conformity with accounting principles generally accepted in the United States of America. #### *Basis for Opinion* The 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 of this financial statement 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 provides a reasonable basis for our opinion. New York, New York February 27, 2024 We have served as the Company's auditor since 2023. {5}------------------------------------------------ #### **Assets** | Cash | \$
827,813 | |-------------------------------------------------|---------------| | Other assets | 17,944 | | Total assets | \$
845,757 | | Liabilities and Equity | | | Liabilities | | | Due to affiliates | \$
4,257 | | Accrued expenses and other liabilities | 120,000 | | Total liabilities | 124,257 | | Commitments and contingencies (Refer to Note 6) | | | Equity | | | Member's equity | 721,500 | **Total equity** 721,500 **Total liabilities and equity** \$ 845,757 The accompanying notes are an integral part of these financial statements. {6}------------------------------------------------ #### **1. Organization and Nature of Business** Pretium Securities, LLC (the "Company"), a Delaware limited liability company, is a registered brokerͲdealer with the Securities and Exchange Commission ("SEC") and member of the Financial Industry Regulatory Authority ("FINRA"). The Company is a wholly owned subsidiary of Pretium Partners, LLC (the "Managing Member" and "Parent"). The Parent is a wholly owned subsidiary of Pretium Holdings, LP. The Company limits its business activities exclusively to providing mergers and acquisitions and investment banking advisory services. #### **Summary of Significant Accounting Policies** #### **Basis of Presentation** The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). #### **Cash** The Company considers all cash on hand, demand deposits with financial institutions and shortͲterm, highly liquid investments with original maturities of three months or less to be cash equivalents. The Company invests its cash primarily in deposits and with commercial banks. At times, cash balances held at banks and financial institutions may exceed federally insured amounts. The Company believes that credit risk is mitigated by depositing cash in or investing through major financial institutions. Cash has no restrictions or credit issues. As of December 31, 2023, the Company has no cash equivalents. #### **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 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. #### **Liabilities** Expenses are accrued when they are reasonably estimable. #### **2. Related Party Transactions** The Company has entered into an agreement with the Parent whereby the Parent provides substantially all administrative services, including personnel and occupancy. With respect to allocation of compensation expenses to the Company for the time and efforts of personnel, such allocation is based on allocating employee's individual compensation expense and time spent working for the Company as a percentage of {7}------------------------------------------------ theirtotal work forthe Parent. Management and executive officers of the Company are affiliates of the Parent and their intent is to provide brokerͲdealer services for the affiliates of the Parent. Organizational costs consists of legal, compliance and regulatory fees and allocated expenses from the Parent. Liabilities are included in Due to affiliates on the Statement of Financial Condition. #### **Other** On February 14, 2024, the Company received a letter of support from Pretium Partners, LLC indicating that they would support the operating, investing, and financing activities of the Company. Management believes this letter alleviates substantial doubt about the Company's ability to continue as a going concern. #### **3. Member's Equity** The Company received contributions from the Parent amounting to \$1,223,848 during 2023. #### **4. Net Capital Requirements** The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3Ͳ 1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to the net capital, both as defined, shall not exceed 15 to 1. Net capital and aggregate indebtedness change daily. At December 31, 2023, the Company had net capital of \$703,556 and a minimum net capital requirement of \$15,532. The ratio of aggregate indebtedness to net capital was 0.1766:1. #### **5. Regulatory Requirements** The Company isfiling this Exemption Report relying on Footnote 74 of the SEC Release No. 34Ͳ70073 adopting amendments to 17 C.F.R. § 240.17aͲ5 because the Company limits its business activities exclusively to providing mergers and acquisitions and investment banking advisory services. During the reporting period, the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2Ͳ4; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3Ͳ3). #### **6. Commitment and Contingencies** In the normal course of business, the Company enters into contracts that contain a variety of representations and warranties and which provide general indemnifications. The Company's maximum exposure is unknown, as any such exposure would result from future claims that may be, but have not yet been, made against the Company, based on events which have not yet occurred. However, based on experience, management believes the risk of loss from these arrangements to be remote. #### **7. Subsequent Events** The Company has performed an evaluation of subsequent events through February 27, 2024, which is the date the financial statements were available to be issued and noted no material items requiring adjustment of the financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.