# TRIVE NEW YORK LLC X-17A-5 (2025-09-11) — Broker-dealer annual report - Company: TRIVE NEW YORK LLC - Form: X-17A-5 - Filed: 2025-09-11 - Period: 2025-06-30 - Accession: 0002013816-25-000106 - CIK: 830005 - File #: 8-39420 - Type: Broker-dealer - Material weakness: No - Auditor: Nawrocki Smith LLP - Auditor location: Hauppauge, NY - Contact: Elizabeth Attanasio - Phone: 212-668-8700 - Email: eattanasio@acisecure.com - Website: acisecure.com - Signed by: Jose Saa (Chief Compliance Officer) Original filing: https://www.sec.gov/Archives/edgar/data/830005/000201381625000106/trivefinalaudit.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 > ANNUAL REPORTS FORM X-17A-5 PART III OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER | | 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 AND ENDING 06/30/2025 | | | | | | | | MM/DD/YY | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | | | NAME OF FIRM: Trive New York, LLC | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer
Check here if respondent is also an OTC derivatives dealer | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | 85 Broad Street, Suite 17-105 | | | | | | | | (No. and Street) | | | | | | New York | NY | | 10004 | | | | (City) | (State) | | (Zip Code) | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Elizabeth Attanasio 212-668-8700
eattanasio@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 850 Hauppauge | | NY | 11188 | | | | (Address) | (City) | (State) | (Zip Code) | | | | 03/04/2009 | | 3370 | | | | | (Date of Registration with PCAOB)(if applicable) | FOR OFFICIAL USE ONLY | | (PCAOB Registration Number, if applicable) | | | | | | | | | | | * 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 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 | Jose Saa | swear (or affirm) that, to the best of my knowledge and belief, the | | |----------------------------------------------------------------|---------------------------------------------------------------------|--| | financial report pertaining to the firm of Trive New York, LLC | as of | | | a a mailli
. | | | June 30 , 2 025 , is true and correct. I further swear (or affirm) that neither the company nor any 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. Signaturejose Saa Title: Chief Compliance Officer # 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. - [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 capible 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. - | | 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 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(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. {2}------------------------------------------------ # Trive New York, LLC (formerly known as GK Trade New York, LLC) Financial Statement With Report of Independent Registered Public Accounting Firm As of and for the Year Ended June 30, 2025 {3}------------------------------------------------ # TRIVE NEW YORK, LLC (A LIMITED LIABILITY COMPANY) (formerly known as GK Trade New York, LLC) FOR THE YEAR ENDED JUNE 30, 2025 # Table of Contents | | Page | |---------------------------------------------------------|------| | Report of Independent Registered Public Accounting Firm | 1 | | Financial Statement: | | | Statement of Financial Condition | 2 | | Notes to Financial Statement | 3-5 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of Trive New York, LLC: # Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Trive New York, LLC (the "Company") as of June 30, 2025, and the related notes (collectively referred to as the financial statement). In our opinion. the statement of financial condition presents fairly, in all material respects, the financial position of Trive New York, LLC 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 ("SEC") 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 Trive New York, LLC's auditor since 2020. Hauppauge, New York September 8, 2025 Nawrocki Smith Is {5}------------------------------------------------ # TRIVE NEW YORK, LLC (A LIMITED LIABILITY COMPANY) (formerly known as GK Trade New York, LLC) STATEMENT OF FINANCIAL CONDITION AS OF JUNE 30, 2025 | ASSETS: | | | |---------------------------------------|-------|--------| | Cash | S | 14,880 | | Prepaid expenses and other assets | | 5,141 | | TOTAL ASSETS | સ્ત્ર | 20,021 | | | | | | LIABILITIES AND MEMBER'S EQUITY | | | | LIABILITIES: | | | | Accounts payable and accrued expenses | S | 233 | | TOTAL LIABILITIES | | 233 | | MEMBER'S EQUITY | | 19,788 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | સ્ત્ર | 20,021 | See accompanying notes to financial statement {6}------------------------------------------------ # TRIVE NEW YORK, LLC (A LIMITED LIABILITY COMPANY) (formerly known as GK Trade New York, LLC) NOTES TO FINANCIAL STATEMENT FOR THE YEAR ENDED JUNE 30, 2025 #### NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS: Trive New York, LLC (fik/a GK Trade New York, LLC) (the "Company") was formed as a limited liability company in Delaware on January 4, 2012. The Company is a registered broker-dealer under the Securities Exchange Act of the Financial Industry Regulatory Authority, Inc. ("FINRA"). The Company is authorized by FINRA to be a mutual fund retailer, a broker selling tax shetters or limited partnerships in primary distributions, to conduct private placements of securities and act as a selling agent of 34 Act Funds. The Company did not conduct any securities business for the year ended June 30, 2025. On May 20, 2022, the Company filed a name change with the State of Delaware from GK Trade New York LLC to Trive New York LLC. As of June 30, 2025 the Company was wholly-owned by the Parent. ### NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: #### Basis of Presentation The Company follows Generally Accepted Acounting Principles ("GAAP"), as established by the Financial Accounting Standards Board (the "FASB"), to ensure consistent reporting of financial condition, results of operation, and uses the acrual basis of accounting. #### Use of Estimates The preparation of financial statement in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and diabilities at the liabilities at the date of the financial statement and the reported anounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. #### Income Taxes As a limited liability company is not subject to federal income taxes. The Company's member separately accounts for its share of the Company's items of income, deductions, losses and credits. Therefore these financial statement do not include any provision for federal income taxes. FASB guidance requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Company's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained "when challenged" or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense and assets or liability in the current year For the year ended June 30, 2025 management has determined that there are no material uncertain income tax positions. The Company's tax returns are filed as part of Trive Investment B.V. returns, on a consolidated basis. The current and prior three tax years generally remain subject to examination by U.S. federal and most state tax authorities. #### New Accounting Pronouncements In November 2023, FASB issued Accounting Standards Update No. 2023 - Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures. The amends in this update improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses on an annual and interim basis for all public business entities to enable investors to develop more decision-useful financial analyses. Most the changes in the standard is the entity is required to report a measure of segment profit or loss that the chief operating decision maker uses to assess segment performance and make decisions about allocating resources. The Company adopted ASC 2023-07. See Note 9. {7}------------------------------------------------ # TRIVE NEW YORK, LLC (A LIMITED LIABILITY COMPANY) (formerly known as GK Trade New York, LLC) NOTES TO FINANCIAL STATEMENT FOR THE YEAR ENDED JUNE 30, 2025 ### NOTE 3 - COMMITMENTS AND CONTINGENCIES: The Company has an operating lease for office space that is not subject to ASC 842, as it falls under the short-term lease exemption. The Company recognizes the lease cost associated with this lease on a straight-line basis over the lease term. The Company currently leases office space on a short-term basis in New York, NY. The current lease was renewed through October 31, 2025. ### NOTE 4 - NET CAPITAL REQUIREMENTS: The Company is subject to the SEC Uniform Net Capital Rule (SEC 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 (and the rule also provides that equity capital may not be withdends paid if the resulting net capital ratio would exceed 10 to I). Under SEC Rule 15c3-1, the Company is required to maintain "net capital" of 6 2/3 percent of "aggregate indebtedness" or \$5,000, whichever is greater, as these terms are defined. As of June 30, 2025, the Company had net capital of \$14,647, which was \$9,647 in excess of its required net capital of \$5,000. The Company's ratio of aggregate indebtedness to net capital was 1.59%. Distributions and other equity withdrawals are subject to certain notification and other provisions of the net of the SEC. ### NOTE 5-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 Company is solely dependent upon daily bank balances and the respective strength of the financial institutions. The Company has not incurred any losses on this account. At June 30, 2025, the amount in excess of insured limits of \$250,000 was \$0. ### NOTE 6 - INDEMNIFICATIONS: In the normal course of business, the Company enters that contain a variety of representations and warranties that provide indemnifications under certain circumstances. The Company's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred. The Company believes that it is unlikely it will have to make material payments and has not recorded any contingent liability in the financial statements for these indemnifications. ### NOTE 7 - 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. Using the management approach and quantitative criteria established by ASC 280, the Company is considered a single reportable segment. The Chief Operating Decision Maker ("CODM"), the CEO, makes decisions about allocating resources and assessing performance in a manner consistent with the way the Company operates its business and presults. The nature of business and accounting policies of the brokerage services segment are the same as described in the organization and description of business and summary of significant accounting policies. {8}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ource: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.