Full text of THORNBURG SECURITIES LLC's X-17A-5 filed 2026-02-26 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ | SEC. FILE NUMBER | | |------------------|--| | Q-24910 | | {1}------------------------------------------------  - - - - - - - - - - - - - - - - - - - - - - - - - - {2}------------------------------------------------ # THORNBURG SECURITIES LLC SEC 8-31249 Financial Statements and Supplemental Schedules December 31, 2025 (With Report of Independent Registered Public Accounting Firm Thereon) and Report of Independent Registered Public Accounting Firm required by PCAOB Release No. 2011-004 on Exemption Report Required by SEC Release No. 34- 70073 for a Broker-Dealer Claiming an Exemption from SEC Rule 15c3-3. {3}------------------------------------------------ Notes to Financial Statements December 31, 2025 # Table of Contents | Report of Independent Registered Public Accounting Firm………………………………1 | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Statement of Financial Condition………………………………………………………….2 | | Statement of Operations……………………………………………………………………3 | | Statement of Changes in Member's Equity…….………………………………………….4 | | Statement of Cash Flows…………………………………………………………………5 | | Statement of Changes in Subordinated Borrowings………………………………………6 | | Notes to Financial Statements……………………………………………………………7 | | Schedule (h): Computation of Net Capital for Brokers and Dealers Pursuant to Rule<br>15c3-1 Under the Securities Exchange Act of 1934……………………………………12 | | Schedule (j): Computation for Determination of Customer Account Reserve Requirement<br>for Brokers and Dealers Pursuant to Rule 15c3-3 Under the Securities Exchange Act<br>of 1934………. …………………………………………………………………………13 | | Schedule (m): Information Relating to the Possession or Control Requirements for Broker<br>and Dealers Pursuant to Rule15c3-3 Under the Securities Exchange Act of 1934……14 | | Report of Independent Registered Public Accounting Firm……………………………15 | | Exemption Report………………………………………………………………………….16 | {4}------------------------------------------------  **Deloitte & Touche LLP** 1601 Wewatta Street, Suite 400 Denver, CO 80202-6479, USA Tel: +1 303 292 5400 www.deloitte.com #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Directors and Member of Thornburg Securities LLC. #### **Opinion on the Financial Sta…Read the full text as markdown