# DREAM STREET SECURITIES, LLC X-17A-5 (2025-02-04) — Broker-dealer annual report

- Company: DREAM STREET SECURITIES, LLC
- Form: X-17A-5
- Filed: 2025-02-04
- Period: 2024-12-31
- Accession: 0002013816-25-000009
- CIK: 1961630
- File #: 8-71039
- Type: Broker-dealer
- Material weakness: No
- Auditor: Sanville & Company LLC
- Auditor location: Huntington Valley, PA
- Contact: Ilina Stamova
- Phone: 2126688700
- Email: istamova@acisecure.com
- Website: acisecure.com
- Signed by: Brandon Marques (CEO)

Original filing: https://www.sec.gov/Archives/edgar/data/1961630/000201381625000009/dreampubaudit.pdf

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

# ANNUAL REPORTS FORM X-17A-5 PART III

| OMB APPROVAL             |    |
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| SEC FILE NUMBER |  |
|-----------------|--|
| 8-71039         |  |

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                                                                                                                              | 0170172024                                                                                                             | AND ENDING                              | 1213 12024                                 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------|-----------------------------------------|--------------------------------------------|
|                                                                                                                                                              | MM/DD/YY                                                                                                               |                                         | MM/DD/YY                                   |
|                                                                                                                                                              | A. REGISTRANT IDENTIFICATION                                                                                           |                                         |                                            |
| Dream Street Securities, LLC<br>NAME OF FIRM:                                                                                                                |                                                                                                                        |                                         |                                            |
| TYPE OF REGISTRANT (check all applicable boxes):<br>Broker-dealer   Security-based swap dealer<br>Check here if respondent is also an OTC derivatives dealer |                                                                                                                        | L Major security-based swap participant |                                            |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)                                                                                          |                                                                                                                        |                                         |                                            |
| 739 North Main Street                                                                                                                                        |                                                                                                                        |                                         |                                            |
|                                                                                                                                                              | (No. and Street)                                                                                                       |                                         |                                            |
| Los Angeles                                                                                                                                                  | CA                                                                                                                     |                                         | 90072                                      |
| (City)                                                                                                                                                       | (State)                                                                                                                |                                         | (Zip Code)                                 |
| PERSON TO CONTACT WITH REGARD TO THIS FILING                                                                                                                 |                                                                                                                        |                                         |                                            |
| Ilina Stamova                                                                                                                                                | (212) 668-8700                                                                                                         |                                         | istamova@acisecure.com                     |
| (Name)                                                                                                                                                       | (Area Code - Telephone Number)                                                                                         | (Email Address)                         |                                            |
|                                                                                                                                                              | B. ACCOUNTANT IDENTIFICATION                                                                                           |                                         |                                            |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*<br>Sanville & Company LLC                                                          |                                                                                                                        |                                         |                                            |
|                                                                                                                                                              | (Name - if individual, state last, first, and middle name)                                                             |                                         |                                            |
| 2617 Huntingdon Pike                                                                                                                                         | Huntingdon Valley                                                                                                      | PA                                      | 19006                                      |
| (Address)                                                                                                                                                    | (City)                                                                                                                 | (State)                                 | (Zip Code)                                 |
| September 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 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 |                                         |                                            |

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.

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# OATH OR AFFIRMATION

| Brandon Marques<br>financial report pertaining to the firm of Dream Street LLC | swear (or affirm) that, to the best of my knowledge and belief, the                                                                 | as of |
|--------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|-------|
| 12/31                                                                          | 2 024 , is true and correct. I further swear (or affirm) that neither the company nor any                                           |       |
| as that of a customer.                                                         | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely |       |
|                                                                                | Signature:<br>mun<br>JUNHUI PARK JOO:<br>COMM # 2371847 = Title:                                                                    |       |
|                                                                                | California Notary Public -<br>Comm Exp Aug. 22, 2025                                                                                |       |
| Notary Public                                                                  | Los Angeles County @ CEO                                                                                                            |       |

- (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).
- O (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.
- [] Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
- □ </k) Computation for determination of seurity-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.
- [ (1) 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-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-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 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 240.17a-12, as applicable.
- | {y} Report describing any material inadequacies 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(d)(2), as applicable.

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# ACKNOWLEDGMENT

A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

State of California Los Angeles County of

January 30, 2025 On

before me, Junhui Park Joo, Notary Public

(insert name and title of the officer)

personally appeared Brandon Marques

who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that helshe/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

(Seal) Signature

![](_page_2_Picture_11.jpeg)

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**Statement of Financial Condition With Report of Independent Registered Public Accounting Firm For the Year Ended December 31, 2024**

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December 31, 2024

# **Table of Contents**

| Report of Independent Registered Public Accounting Firm | 1   |
|---------------------------------------------------------|-----|
| Statement of Financial Condition                        | 2   |
| Notes to Financial Statement                            | 3-4 |

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![](_page_5_Picture_0.jpeg)

# **Report of Independent Registered Public Accounting Firm**

To the Member and Those Charged With Governance of Dream Street Securities, LLC

# **Opinion on the Financial Statement**

We have audited the accompanying statement of financial condition of Dream Street Securities, LLC (the Company) as of December 31, 2024, and the related notes (collectively, 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, 2024, in conformity with accounting principles generally accepted in the United States of America.

# **Basis for Opinion**

This 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 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 statement is 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 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.

This is the initial year we have served as the Company's auditor.

Dallas, Texas January 22, 2025

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# Statement of Financial Condition December 31, 2024

## **ASSETS**

| Cash<br>Prepaid expense<br>Finra CRD Account | \$<br>210,726<br>685<br>40 |
|----------------------------------------------|----------------------------|
| TOTAL ASSETS                                 | \$<br>211,451              |
| LIABILITIES AND MEMBER'S EQUITY              |                            |
| LIABILITIES:<br>Accounts payable             | \$<br>2,000                |
| TOTAL LIABILITIES                            | 2,000                      |
| MEMBER'S EQUITY<br>Member's equity           | 209,451                    |
| TOTAL LIABILITIES AND MEMBER'S EQUITY        | \$<br>211,451              |

The accompanying notes are an integral part of this financial statement.

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Notes to Financial Statement December 31, 2024

### **NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS**

Dream Street Securities, LLC, (the "Company") formerly known as Borealis Capital LLC incorporated in the State of Washington on October 20, 2020. As of June 14, 2023, The Company was approved as a registered broker-dealer with the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority ("FINRA") and the Securities Investor Protection Corporation ("SIPC"). On October 10, 2024, The Company's Change of Ownership Application was approved by FINRA and it is now a wholly owned subsidiary of Dream Street Advisors, LLC. The Company is authorized to engage in private placements of securities and provide mergers and acquisitions advisory services. Dream Street Securities, LLC does not hold or maintain customer funds or securities and does not provide clearing services.

The Company is registered as a broker-dealer under the provisions of the Securities Exchange Act of 1934 and is a member of the Financial Industry Regulatory Authority ("FINRA"), and the Securities Investor Protection Corporation ("SIPC"). The Company does not claim an exemption from SEA Rule 15c3-3 but is in reliance on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Company is a non-covered firm because it limits its business activities exclusively to receiving transaction-based compensation for identifying potential merger and acquisition opportunities for clients. As a result, 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).

# **NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:**

#### **Basis of Presentation**

The financial statements are presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").

#### **Revenue Recognition**

The Company's primary business is private placement of securities and advisory for merger and acquisition clients. The Company would recognize revenue from these services on a trade-date basis. Success fees are recorded upon the close of the underlying transaction.

#### **Use of Estimates**

The preparation of financial statements in conformity with U.S. 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 and the reported amounts of revenues and expenses during the reporting period. Actual results could significantly differ from those estimates.

#### **Income Taxes**

The Company is a single member limited liability company which is treated as a disregarded entity for U.S. tax purposes. As such, the Company does not file its own tax returns but includes net income/loss in the tax returns of its Member.

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Notes to Financial Statement December 31, 2024

#### **NOTE 3 - NET CAPITAL REQUIREMENTS**

The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. As of December 31, 2024, the Company had net capital of \$208,726 and a minimum net capital requirement of \$5,000. The Company's excess net capital at December 31, 2024 was \$203,726. The Company's percentage of aggregate indebtedness to net capital at December 31, 2024 was 0.96%.

#### **NOTE 4 - CONCENTRATION 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 to the Company is solely dependent upon daily bank balances and the strength of the financial institution. The Company has not incurred any losses on this account. At December 31, 2024, the amount in excess of insured limits was \$0.

#### **NOTE 5 - RELATED PARTY TRANSACTIONS**

The Company has entered into an expense sharing agreement with the Member. Under the terms of the expense sharing agreement, expenses incurred by the Member on behalf of the Company are allocated at cost. Applicable expenses include salaries, benefits, and rent. The amount of these expenses for the year ended December 31, 2024 was \$7,000. The rent expense for the year ended December 31, 2024 was \$574.

#### **NOTE 6 - RECENLY ISSUED ACCOUNTING STANDARDS**

The Financial Accounting Standards Board (the "FASB") has established the Accounting Standards Codification ("Codification" or "ASC") as the authoritative source of generally accepted accounting principles ("GAAP") recognized by the FASB. The principles embodied in the Codification are to be applied by nongovernmental entities in the preparation of financial statements in accordance with GAAP in the United States. New accounting pronouncements are incorporated into the ASC through the issuance of Accounting Standards Updates ("ASUs").

For the year ending December 31, 2024, various ASUs issued by the FASB were either newly issued or had effective implementation dates that would require their provisions to be reflected in the financial statements for the year then ended. The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Company's financial statements. In most cases, management has determined that the pronouncement has either limited or no application to the Company and, in all cases, implementation would not have a material impact on the financial statements taken as a whole.

#### **NOTE 7 - SUBSEQUENT EVENTS**

The Company has evaluated events subsequent to the statement of financial condition date for items requiring recording or disclosure in the financial statements. The evaluation was performed through the date the financial statements were available to be issued. Based upon this review, the Company has determined that there were no events which took place that would have a material impact on its financial statement.


Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.