# FAST EXECUTION SERVICES LLC X-17A-5 (2025-09-03) — Broker-dealer annual report - Company: FAST EXECUTION SERVICES LLC - Form: X-17A-5 - Filed: 2025-09-03 - Period: 2025-06-30 - Accession: 0002013816-25-000105 - CIK: 1797958 - File #: 8-70471 - Type: Broker-dealer - Material weakness: No - Auditor: Nawrocki Smith LLP - Auditor location: Hauppauge, NY - Contact: Vrinda Arora - Phone: 212-668-8700 - Email: varora@acisecure.com - Website: acisecure.com - Signed by: Joel Zawko (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1797958/000201381625000105/fastexauditfinal.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: ## ANNUAL REPORTS FORM X-17A-5 ## PART III SEC FILE NUMBER 8-70471 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 07/01/2024 ___________________________________________________________________________________________________________________________________ | | | | | | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------|---------|--------------------------------------------|--|--| | | MM/DD/YY | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | | | NAME OF FIRM: Fast Execution Services 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.) | | | | | | | 425 S FINANCIAL PLACE SUITE 3650 | | | | | | | (No. and Street) | | | | | | | Chicago | Bilbert Bronnes Bronness Brences Maria | | 60605 | | | | (City) | (State) | | (Zip Code) | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Vrinda Arora | (212)668-8700
varora@acisecure.com | | | | | | (Name) | (Area Code - Telephone Number)
(Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | Nawrocki Smith LLP | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | | 100 Motor Parkway, Suite 580 Hauppauge | | NY | 11788 | | | | (Address) | (City) | (State) | (Zip Code) | | | | 03/04/2009 | | 3370 | | | | | (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 of an independent public accountant must be supported by a statent that the arman reports of the reports of an independent public CFR 240.17a-5(e)(1)(ii). if applicable 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 |, Joel Zawko g to the firm of Fast Execution Services (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Fast Execution Services LLC 6/30 6/30 director, or equivalent person, as the careet. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, a de antimit hat neither the company nor any as that of a customer. Signature: ME . Notary Public # 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 comments). 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. □ < (i) C - □ { j) Computation for determination of customer reserved. □ {k} Computation for determination of security-based conservation | |} Computation for determination of security-based swap reserve requirements pursuant to Exhibit Bo 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable - Exhibit A to 17 CFR 240.18a-4, as applicable. - □ (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. □ (n) Information relating to possession or control requirements for c - □ (n) Information relating to posession or control requirements for customers under 17 CFR 240.353-3. 240.15c3-3(b)(2) or 17 CFR 240.18a-4, as applicable 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - C worth under 17 CFR 240.15G - 1 Pr CFR 240.18a-2, 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 a plicable, if material differences exist, or a statement that no material differences - □ {p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. (q) Oath or affirmation in accordance with 17 CER 3 49 47 17 4 - 巨 (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-2. □ (r) Compliance report in accordance with 17 CFR 240.17a-22, or 17 CFR 240.18a-7, as ap - O (r) Compliance report in accordance with 17 CER 240.17a-5 or 17 CFR 240.17a-12, 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 nublic accounter the - (t) Independent public accountant's report based on an examination of the statement of financial condition. - | | |ndependent public accountant's report based on an examination of the financial condition. CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - [ (v) Independent public accountants 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 applicabl 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 CFR 240.18a-7, as applicable. - C - □ (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 a statement that no material inadequacies exist, under 17 CFR 240.17a-22(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 11 {2}------------------------------------------------ # Fast Execution Services, LLC Statement of Financial Condition as of June 30, 2025 and Report of Independent Registered Public Accounting Firm This report is pursuant to Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a Public Document. {3}------------------------------------------------ #### Contents | For the year ended June 30, 2025 | | |---------------------------------------------------------|-----| | Report of Independent Registered Public Accounting Firm | | | Statement of Financial Condition | | | Notes to Financial Statements | 3-5 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of Fast Execution Services, LLC: ## Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Fast Execution Services, LLC (the "Company") as of June 30, 2025, and 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 June 30, 2025 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 the U.S. federal securities laws and the applicable rules and regulations of the U.S. 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. 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. We have served as Fast Execution Services, LLC auditor since 2025. Hauppauge, New York August 28, 2025 Nawrocki Smith I P {5}------------------------------------------------ Statement of Financial Condition 30-Jun-25 ### ASSETS | Cash
Due From Broker
Prepaid expenses and other assets | ക | 2,426,784
316,277
3,545 | |--------------------------------------------------------------|------|-------------------------------| | TOTAL ASSETS | ಕ್ಕೆ | 2,746,606 | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | | LIABILITIES:
Accounts payable and accrued expenses | ಳಿ | 18,414 | | TOTAL LIABILITIES | | 18,414 | | MEMBER'S EQUITY
Member's Equity | | 2,728,192 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | | 2,746,606 | See Report of Independent Registered Public Accounting Firm and Notes to Financial Statements. {6}------------------------------------------------ Notes to Financial Statement For the year ended June 30, 2025 #### 1. Organization and Nature of Business Fast Execution Services LLC (the "Company"), became a registered broker dealer with the SEC and a member of the Financial Industry Regulatory Authority (FINRA) on August 6, 2020. The Company was organized under the Uniform Limited Liability Company Act of Delaware on August 29, 2019.The Company is registered as a foreign limited liability company doing business in the state of Illinois and is a wholly owned subsidiary of Scalp Trade Holdings, LP (the "Parent"). The Company engages in the referral of individuals and/or entities to registered broker-dealers, that have regulatory approval to hold custody accounts. The Company does not carry customer accounts, hold customer funds or securities, or introduce accounts on a fully disclosed basis to a clearing firm. The U.S. dollar (\$) is the functional currency of the Company. #### 2. Summary of Significant Accounting Policies #### a) Basis of Accounting The Company's financial statements have been prepared in accordance with accounting principals generally accepted in the United States of America ("GAAP") and are stated in U.S. Dollars. The following is a summary of the significant accounting policies used in preparation of the financial statements: #### b) Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents consist of funds maintained in checking and money market accounts held at financial institutions. The Company's cash and cash equivalents are held principally at two financial institutions and at times may exceed federally insured limits. The Company has placed these funds in high quality institutions in order to minimize risk relating to exceeding insured limits. As of June 30, 2025, the cash in excess of federally invested limits was \$2,164,379. #### c) Revenue Recognition ASC 606 establishes the guidelines for the Company to follow related to recognition of fees associated with contracts between the Company and its customers. The Company is engaged in a single line of business as a securities broker-dealer engaging in the referral of individuals and or introductions to registered broker dealers. The Company records its revenues in accordance with these guidelines as the company recognizes income for participation of commissions\fees that are the result of executed commissions. #### Commissions The Company buys and sells equity securities on behalf of its customers. Each time a customer enters into a buy or sell transaction; the Company charges a commission. Commission and related clearing expenses are recorded on the trade date. The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer. #### d) Credit Losses The Company has evaluated due from brokers and concluded that there is no need to establish an allowance for credit losses. {7}------------------------------------------------ Notes to Financial Statement For the year ended June 30, 2025 #### e) Income Taxes The Company has elected to be treated as an "S" Corporation under the provisions of the Internal Revenue Code and New York State tax regulations. Under the provisions, the Company does not pay federal or state corporate income taxes on its taxable income. Instead, the stockholder is liable for individual income taxes on their respective share of the Company's taxable income. The Company continues to pay New York City general corporation taxes. The Company recognizes the tax benefit of any uncertain tax positions only if it is more likely than not that the tax position will be sustained upon examination by the tax authorities. The Company did not have material unrecognized tax benefits as of June 30, 2025 and does not expect this to change significantly over the next twelve months. The Company will recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. As of June 30,2025, the Company has no accrued interest or penalties associated with uncertain tax positions. #### f) Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the financial statements and the reported amounts of revenue and expenses during the reporting period. actual results could differ from those estimates. #### 3. Due From Broker The Company had a receivable from broker of \$316.277 for billed, but not received commissions\fees at June 30, 2025. #### 4. Indemnifications In the normal course of its business, the Company indemnifies and guarantees certain service providers against specified potential losses in connection with their acting as an agent of, or providing services to, the Company. The maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated. However, the Company believes that it is unlikely it will have to make material payments under these arrangements and has not recorded any contingent liability in the financial statements for these indemnifications. The Company provides representations and warranties to counterparties in connection with a variety of commercial transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties. The Company may also provide standard indemnifications to some counterparties to protect them in the event additional taxes are owed or payments are withheld, due either to a change in or adverse application of certain tax laws. These indemnifications generally are standard contractual terms and are entered into in the normal course of business. The maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated. However, the Company believes that it is unlikely it will have to make material payments under these arrangements and has not recorded any contingent liability in the financial statements for these indemnifications {8}------------------------------------------------ Notes to Financial Statement For the year ended June 30, 2025 #### 5. Commitments and Contingencies There were no commitments or contingencies for the period ended June 30, 2025. #### 6. Net Capital Requirement 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 800% in the first year of operations, and 1500% in every year thereafter. At June 30, 2025, the Company had net capital of \$2,408,340 which was \$2,403,340 in excess of its required net capital of \$5,000. The Company's aggregate indebtedness to net capital ratio was 0.76%. #### 7. Related Party The company has an expense sharing agreement with the parent company according to which the rent and salary expenses are shared between the parent and the broker dealer. The total expenses paid by the broker dealer to the parent were \$54,000. As on June 30, 2025, there was no balance due to parent. #### 8. Segment Reporting The Company follows ASC 280, Segment Reporting (including adoption of ASU 2023-07), which requires companies to disclose segment data based on how management makes decisions about allocating resources to segments and evaluating performance. The Company conducts its business activities and reports financial results as a single reportable segment, the brokerage services segment. Using the management approach, qualitative and quantitative criteria established by ASC 280, the Company is considered to be a single reportable segment. The Chief Operating Decision Maker ("CODM"") makes decisions about allocating resources and assessing performance in a manner consistent with the way the Company operates its business and presents their financial results. The nature of business and accounting policies of the brokerage services segment are the same as described in the organization and nature of business and summary of significant accounting policies. #### 9. Subsequent Events The Company has evaluated events and transactions that occurred between July 1, 2025 and August 28, 2025, which is the date the financial statements were available to be issued, for possible disclosure and recognition in the financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.