# TAPP ENGINE SECURITIES, LLC X-17A-5 (2024-08-07) — Broker-dealer annual report - Company: TAPP ENGINE SECURITIES, LLC - Form: X-17A-5 - Filed: 2024-08-07 - Period: 2024-06-30 - Accession: 0002013816-24-000047 - CIK: 1861549 - File #: 8-70723 - Type: Broker-dealer - Material weakness: No - Auditor: Sanville & Company - Auditor location: Dallas, TX - Contact: Robert W. Peters - Phone: 212-668-8700 - Email: rpeters@acisecure.com - Website: acisecure.com - Signed by: Tosin Osunsanya (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1861549/000201381624000047/tappedgaraudit.pdf --- {0}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OMB APPROVAL OMB Number: 3235-0123 Expires: Oct. 31, 2023 Estimated average burden hours per response: 12 > SEC FILE NUMBER 8-70723 # **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 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 07/01/23 06/30/24 MM/DD/YY MM/DD/YY **A. REGISTRANT IDENTIFICATION** ### NAME OF FIRM: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ TAPP ENGINE 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.) ### \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 440 HANCOCK ST, # 248 | | (No. and Street) | | | | | |------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|---------|--------------------------------------------|--|--| | QUINCY
_____________________________________________________________________________________ | MA | | 02170 | | | | (City) | (State) | | (Zip Code) | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | ROBERT W. PETERS
_____________________________________________________________________________________ | (212) 668-8700 | | rpeters@acisecure.com | | | | (Name) | (Area Code – Telephone Number) | | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | SANVILLE & COMPANY
_____________________________________________________________________________________ | (Name – if individual, state last, first, and middle name) | | | | | | 325 NORTH SAINT PAUL ST. SUITE 3100
_____________________________________________________________________________________ | DALLAS | TX | 75201 | | | | (Address) | (City) | (State) | (Zip Code) | | | | 09/18/2003
_____________________________________________________________________________________ | | 169 | | | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | | | | | | | \* 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}------------------------------------------------ # **OATH OR AFFIRMATION** | TOSIN OSUNSANYA | | |-----------------|--| |-----------------|--| I, \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, as of \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, 2\_\_\_\_\_, is true and correct. I further swear (or affirm) that neither the company nor any 024 TAPP ENGINE SECURITIES, LLC JUNE 30 partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. ![](_page_1_Figure_5.jpeg) | Signature: | __________________________________________ | |------------|--------------------------------------------| | Title: | | | CEO | __________________________________________ | ## Notary Public Notarized remotely online using communication technology via Proof. # **This filing\*\* contains (check all applicable boxes):** - ☐ (a) Statement of financial condition. - ☐ (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 statement of 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. - ☐ (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 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - ☐ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - ☐ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - ☐ (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. - ☐ (l) 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. - ☐ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-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 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - ☐ (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. - ☐ (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 240.18a-7, as applicable. - ☐ (t) Independent public accountant's report based on an examination of the statement of financial 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 240.18a-7, or 17 CFR 240.17a-12, as applicable. - ☐ (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 240.15c3-1e or 17 CFR 240.17a-12, as applicable. - ☐ (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - ☐ (z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ - *\*\*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.* {2}------------------------------------------------ **FINANCIAL STATEMENTS AND SUPPLEMENTARY SCHEDULES PURSUANT TO SEC RULE 17a-5(d)** **For the Year Ended June 30, 2024** {3}------------------------------------------------ ### For Year Ended June 30, 2024 #### **Contents** | Report of Independent Registered Public Accounting Firm | 1 - 2 | |---------------------------------------------------------------------------------------------------------------------------------------------|-------| | Financial Statements | | | Statement of Financial Condition | 3 | | Statement of Operations | 4 | | Statement of Changes in Members' Equity | 5 | | Statement of Cash Flows | 6 | | Notes to Financial Statements | 7 - 8 | | Supplementary Information | | | Schedule I: Computation of Net Capital Under Rule 15c3-1 of
the Securities and Exchange Commission | 9 | | Schedule II: Determination of Reserve Requirements Pursuant to Rule 15c3-1 of
the Securities and Exchange Commission | 10 | | Schedule III: Information Relating to the Possession or Control Requirements
Under Rule 15c3-1 of the Securities and Exchange Commission | 10 | | Report of Independent Registered Public Accounting Firm on Exemption Report | 11 | | Exemption Report | 12 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # **Report of Independent Registered Public Accounting Firm** To the Member and Those Charged With Governance of Tapp Engine Securities, LLC # **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Tapp Engine Securities, LLC (the Company) as of June 30, 2024, the related statements of operations, changes in member's equity, and cash flows for the year ended June 30, 2024, and the related notes to the financial statements (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2024, and the results of its operations and its cash flows for the year ended June 30, 2024, in conformity with accounting principles generally accepted in the United States of America. # **Basis for Opinion** These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements 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 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 perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, 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 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 supplementary information contained in The Schedule I, Computation of Net Capital Under SEC Rule 15c3-1, Schedule II, Computation for Determination of Reserve Requirements Under Rule SEC 15c3-3 and Schedule III, Information Relating to the Possession or Control Requirements Under SEC Rule 15c3-3 have been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the {5}------------------------------------------------ supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the supplementary information contained in the Schedule I, Computation of Net Capital Under SEC Rule 15c3- 1, Schedule II, Computation for Determination of Reserve Requirements Under SEC Rule 15c3-3 and Schedule III, Information Relating to the Possession or Control Requirements Under SEC Rule 15c3-3 are fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the Company's auditor since 2023. Dallas, Texas August 2, 2024 {6}------------------------------------------------ #### Statement of Financial Condition June 30, 2024 #### **ASSETS** ` | Cash
Due from broker
Investments, at fair value
Prepaid expenses | \$ | 1,227,466
2,617
888
863 | |----------------------------------------------------------------------------------------|----------|----------------------------------| | TOTAL ASSETS | \$ | 1,231,834 | | LIABILITIES AND MEMBERS' EQUITY
LIABILITIES: | | | | Accounts payable
Accounts payable - related parties
Note payable - related party | \$
\$ | 5,800
5,000
1,001,000 | | TOTAL LIABILITIES | | 1,011,800 | | Members' Equity | | 220,034 | | TOTAL LIABILITIES AND MEMBERS' EQUITY | \$ | 1,231,834 | {7}------------------------------------------------ #### Statement of Operations For the Year Ended June 30, 2024 #### **REVENUE:** | Interest and dividends | \$
74 | |------------------------|----------| | Total revenue | 74 | | OPERATING EXPENSES: | | | Regulatory fees | 10,743 | | Professional fees | 153,810 | | Technology expense | 60,000 | | Other expenses | 1,295 | | Total expenses | 225,848 | | | | | | | **NET LOSS** \$ (225,774) {8}------------------------------------------------ #### Statement of Changes in Members' Equity For the Year Ended June 30, 2024 | Members' equity, July 1, 2023 | \$
17,852 | |--------------------------------|---------------| | Contributions | 427,956 | | Net loss | (225,774) | | Members' equity, June 30, 2024 | \$
220,034 | {9}------------------------------------------------ #### Statement of Cash Flows For the Year Ended June 30, 2024 | OPERATING ACTIVITIES: | | |-------------------------------------------------------------------------------------------------------------------------------|---------------------------| | Net loss | \$
(225,774) | | Adjustments to reconcile net loss to net cash provided by
operating activities
(Increase) decrease in operating assets: | | | Due from broker
Investments, at fair value
Prepaid expenses
Increase (decrease) in operating liabilities: | (2,617)
(888)
(863) | | Accounts payable | (2,800) | | Accounts payable - related parties | 1,500 | | Net cash used in operating activities | (231,442) | | FINANCING ACTIVITIES: | | | Capital contributions
Proceeds from note payable - related party | 427,956
1,001,000 | | Net cash provided by financing activities | 1,428,956 | | NET INCREASE IN CASH | 1,197,514 | | CASH AT BEGINNING OF PERIOD | 29,952 | | CASH AT END OF PERIOD | \$
1,227,466 | | SUPPLEMENTAL CASH FLOW DISCLOSURE:
Cash paid during the year for interest | - | | Cash paid for taxes | - | {10}------------------------------------------------ Notes to Financial Statements For the Year Ended June 30, 2024 #### **1. Organization and Nature of Business** Tapp Engine Securities, LLC (the "Company"), was formed in Delaware on June 17, 2020 as a limited liability company. The Company operates as a broker-dealer in securities registered with the Securities and Exchange Commission ("SEC") and is a member of Financial Industry Regulatory Authority ("FINRA") and Securities Investors Protection Corporation ("SIPC"). The Company is a single-member Limited Liability Company and is wholly-owned by Tapp Engine, Inc. (the "Parent"). #### **2. Summary of Significant Accounting Policies** #### **Basis of Accounting** The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP") as detailed in the Financial Accounting Standards Board's (FASB) Accounting Standards Codification ("ASC"). #### **Use of Estimates** The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of income and expenses during the reporting period. Accordingly, actual results could differ from those estimates and such differences could be material. #### **Leases** In January 2016, the FASB issued ASU 2016-02, Leases, requiring the recognition of lease assets and lease liabilities by lessees for those leases previously classified as operating leases under previous U.S. GAAP. The lease asset would reflect a right-to-use asset and the lease liability would reflect the present value of the future lease payments. ASU 2016-02 is effective for fiscal years beginning after April 1, 2019 and a modified retrospective transition approach is required where companies will have to recognize and measure leases at the beginning of the earliest period presented. The Company has determined that there was no impact under the new lease standards on the Company's financial statements. #### **3. CONCENTRATIONS OF CREDIT RISK:** #### **Cash** The Company maintains principally all cash balances in one financial institution, which at times, may exceed the amount insured by the Federal Deposit Insurance Corporation. The exposure of the Company is solely dependent upon daily bank balances and the respective strength of the financial institution. The Company has not incurred any losses on this account. #### **4. Net Capital Requirements** The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (Rule 15(c)3-1). Under this rule, the Company is required to maintain "net capital" equal to the greater of \$5,000 or 6⅔ percent of "aggregate indebtedness", as defined. At June 30, 2024, the Company had net capital of \$219,038 which was \$214,038 in excess of its required net capital of \$5,000. The Company's net capital percentage was 461.93%. #### **5. Taxes** No provision for federal or state income taxes has been made since the Company is treated as a disregarded entity for income tax purposes and its income is included in the Parent's income tax return. {11}------------------------------------------------ Notes to Financial Statements For the Year Ended June 30, 2024 #### **6. Contingencies** The Company's management has evaluated events and transactions through August 2, 2024, the date the financial statements were available to be issued, noting no material events requiring disclosure in the Company's financial statements, other than those noted below. #### **7. Fair Value Measurements** The Company uses various methods including market, income and cost approaches to determine fair value. Based on the approach, the Company often utilizes certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable inputs. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based on the observability of the inputs used in the valuation techniques the Company is required to provide the following information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories: Level 1 - Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange. Level 1 also includes U.S. Treasury and federal agency securities and federal agency mortgage-backed securities, which are traded by dealers or brokers in active markets. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2 - Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third party pricing services for identical or similar assets or liabilities. Level 3 - Valuations for assets and liabilities that are derived from other valuation methodologies, including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer, or broker traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. The following table presents the Company's fair value hierarchy for those assets measured at fair value as of June 30, 2024: #### Level 1: Assets Securities owned, at fair value: Stocks 888 | \$
888 | |-----------| | | At June 30, 2024, the Company held no Level 2 or Level 3 investments. #### **8. Subsequent Events** The Company's management has evaluated events and transactions through August 2, 2024, the date the financial statements were available to be issued, noting no material events requiring disclosure in the Company's financial statements, other than those noted below. {12}------------------------------------------------ #### (A LIMITED LIABILITY COMPANY) Schedule I: Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission June 30, 2024 | TOTAL MEMBERS' CAPITAL QUALIFIED FOR NET CAPITAL | \$
220,034 | |------------------------------------------------------------------|-----------------| | DEDUCTIONS AND/OR CHARGES: | | | Non-allowable assets: | | | Prepaid expenses | (862) | | Total Non-allowable assets | (862) | | TENTATIVE NET CAPITAL | \$
219,172 | | HAIRCUTS ON SECURITIES | | | Securities | (134) | | Total haircuts on securities | (134) | | NET CAPITAL | \$
219,038 | | AGGREGATE INDEBTEDNESS: | | | Accounts payable and accrued expenses | 5,800 | | Accounts payable - related parties | 1,001,000 | | | \$
1,006,800 | | COMPUTATION OF BASIC NET CAPITAL REQUIREMENT | | | Minimum net capital required | \$
67,120 | | Excess net capital | \$
151,918 | | Net Capital less greater of 10% of aggregate indebtedness | | | or 120% of the minimum dollar amount required | \$
118,358 | | Percentage of aggregate indebtedness to net capital | 459.65% | | There are no material differences between the preceding | | | computation and the Company's corresponding unaudited Part II of | | Form X-17A-5 as of June 30, 2024 See Report of Independent Registered Public Accounting Firm {13}------------------------------------------------ (A LIMITED LIABILITY COMPANY) June 30, 2024 ### **SCHEDULE II: COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS PURSUANT TO RULE 15C3-3 OF THE SECURITIES AND EXCHANGE COMMISSION** The Company is exempt from the provisions of SEC Rule 15c3-3 ("Rule") as of June 30, 2024 under Footnote 74 of SEC Release No. 34-70073 because: i) it had no revenues; ii) it had no customers and no customer transactions as defined by the Rule; iii) it did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; iv) it did not carry accounts of or for customers; and v) it did not carry PAB accounts as defined in the Rule. ### **SCHEDULE III: INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15C3-3 OF THE SECURITIES AND EXCHANGE COMMISSION** The Company is exempt from the provisions of SEC Rule 15c3-3 ("Rule") as of June 30, 2024 under Footnote 74 of SEC Release No. 34-70073 because: i) it had no revenues; ii) it had no customers and no customer transactions as defined by the Rule; iii) it did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; iv) it did not carry accounts of or for customers; and v) it did not carry PAB accounts as defined in the Rule. See Report of Independent Registered Public Accounting Firm {14}------------------------------------------------ ![](_page_14_Picture_0.jpeg) ### **Report of Independent Registered Public Accounting Firm** To the Member and Those Charged With Governance of Tapp Engine Securities, LLC We have reviewed management's statements, included in the accompanying Exemption Report, in which Tapp Engine Securities, LLC (the Company) stated that: - 1. The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240.15c3-3; - 2. The Company is filing an 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 (1) acting as a broker or dealer retailing corporate equity securities over-the-counter (2) acting as a put and call broker or dealer or option writer (3) acting as a non-exchange member arranging for transactions in listed securities by exchange member (4) broker or dealer involved in a networking, kiosk or similar arrangement with a: bank, savings bank or association, or credit union throughout the most recent fiscal year; and - 3. 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 17 C.F.R. § 240.15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry proprietary accounts of broker-dealers (as defined in 17 C.F.R. § 240.15c3-3) throughout the most recent fiscal year without exception. The Company's management is responsible for 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 that the Company limited its business activities exclusively to (1) acting as a broker or dealer retailing corporate equity securities over-the-counter (2) acting as a put and call broker or dealer or option writer (3) acting as a non-exchange member arranging for transactions in listed securities by exchange member (4) broker or dealer involved in a networking, kiosk or similar arrangement with a: bank, savings bank or association, or credit union and (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 17 C.F.R. § 240.15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry proprietary accounts of brokerdealers (as defined in 17 C.F.R. § 240.15c3-3) throughout the most recent fiscal year without exception. 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, based on the provisions set forth in 17 C.F.R. § 240.17a-5. Dallas, Texas August 2, 2024 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214.738.1998 {15}------------------------------------------------ # **Tapp Engine Securities, LLC Exemption Report** Tapp Engine Securities, LLC (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. §240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following: - (1) The Company is considered "Non-Covered Firm" exempt from 17 C.F.R. §240.15c3-3 and is filing an Exemption Report relying on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff. The Company limits its business activities exclusively to: (1) acting as a broker or dealer retailing corporate equity securities over-the-counter (2) acting as a put and call broker or dealer or option writer (3) acting as a non-exchange member arranging for transactions in listed securities by exchange member (4) broker or dealer involved in a networking, kiosk or similar arrangement with a: bank, savings bank or association, or credit union. - (2) 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 15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3), throughout the most recent fiscal year without exception. I, Tosin Osunsanya, swear (or affirm) that, to my best knowledge and belief, this exemption report is true and correct. Regards, Tosin Osunsanya Chief Executive Officer Date of Report: July 24, 2024 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.