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SEC Form X-17A-5: What it Means, How it Works

澳洲幸运5开奖号码历史查询:James Chen

Updated June 16, 2022

Reviewed by

Chip Stapleton

Fact checked by

Hans Daniel Jasperson

A registered broker-dealer holds a pen as they flip through paperwork looking for a particular SEC form. — Ivan-balvan / Getty Images

What is SEC Form X-17A-5

SEC Form X-17A-5 is a financial reporting form that all broker-dealers who are registered with the U.S. Securities and Exchange Commission (SEC) must complete. This form consists of three parts and contains an annual audit that must be performed by a 澳洲幸运5开奖号码历史查询:certified public accountant (CPA).

Breaking Down SEC Form X-17A-5

SEC Form X-17A-5 must be filled out by all 澳洲幸运5开奖号码历史查询:broker-dealers that are registered with the SEC, as mandated by Section 17 of the 澳洲幸运5开奖号码历史查询:Securities Exchange Act of 1934 Rule 17a-10(a)(1). The form is used to report a broker-dealer's financial and operating conditions. Part I of SEC Form X-17A-5 contains general information about the registrant, along with operational capital charge items that are designed to measure certain economic and financial characteristics of the registrant. Part II contains the annual audit, and Part III contains identification information about the registrant and the accountant.

The SEC calls this form a Financial and Operational Combined Uniform Single (FOCUS) Report, as it presents a combination of the financial and operational health of a broker-dealer who is registered with the SEC. As of 2020, broker-dealers, including those registered as 澳洲幸运5开奖号码历史查询:over-the-counter (OTC) 澳洲幸运5开奖号码历史查询:derivatives dealers, can voluntarily file these forms elecไtronically through the SEC's Electronic Data Gat🅠hering, Analysis, and Retrieval (EDGAR) system in lieu of filing paper reports.

Because Form X-17A-5 contains a number of schedules and amendments, broker-dealers should check the SEC’s website periodically for any changes such as exemptions, filing dates, requirements💟, or other amended information, but samples of the current form can be found here:

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