Free SEC1695.p65 - Federal

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

OMB APPROVAL OMB Number: 3235-0123 Expires: February 28, 2010 Estimated average burden hours per response. . . . . . 12.00

Form X-17A-5

FOCUS REPORT
(Financial and Operational Combined Uniform Single Report)

PART II
17 19

11

(Please read instructions before preparing Form.)
This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a) 16 2) Rule 17a-5(b) 4) Special request by designated examining authority NAME OF BROKER-DEALER 3) Rule 17a-11 5) Other SEC FILE NO. 14 FIRM I.D. NO. 13 ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do Not Use P.O. Box No.) 20
(No. and Street)

18

26

15 FOR PERIOD BEGINNING (MM/DD/YY)

24
AND ENDING (MM/DD/YY)

21
(City) (State)

22
(Zip Code)

23 25
(Area Code) -- Telephone No.

NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT

30
NAMES OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT: OFFICIAL USE

31 33 35 37 39
YES

32 34 36 38
DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS? CHECK HERE IF RESPONDENT IS FILING AN AUDITIED REPORT

40

NO

41 42

EXECUTION: The registrant/broker or dealer submitting this Form and its attachments and the person(s) by whom it is executed represent hereby that all information contained therein is true, correct and complete. It is understood that all required items, statements, and schedules are considered integral parts of this Form and that the submission of any amendment represents that all unamended items, statements, and schedukes remain true, correct and complete as previously submitted . Dated the _______________________________day of _________________________ , _____ Manual signatures of: 1)____________________________________________________________________________ Principal Executive Officer or Managing Partner 2) ____________________________________________________________________________ Principal Financial Officer or Partner 3) ____________________________________________________________________________ Principal Operations Officer or Partner ATTENTION -- Intentional misstatement or omissions of facts constitute Federal Criminal Violations. (See 18 U.S.C. 1001 and 15 U.S.C. 78:f(a))
Persons who 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.

SEC 1695 (07-02) 1 of 28

TO BE COMPLETED WITH THE ANNUAL AUDIT REPORT ONLY:


INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report NAME (If individual, state last, first, middle name)

70 ADDRESS

71 Number and Street CHECK ONE Certified Public Accountant Public Accountant Accountant not resident in United States
or any of its possessions
75 76 77 City

72 State

73 Zip Code

74

FOR SEC USE

DO NOT WRITE UNDER THIS LINE . . . FOR SEC USE ONLY WORK LOCATION REPORT DATE MM/DD/YY DOC. SEQ. NO. CARD

50

51

52

53

SEC 1695 (07-02) 2 of 28

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
PART II

BROKER OR DEALER
1

N2
STATEMENT OF FINANCIAL CONDITION
as of (MM/DD/YY) SEC FILE NO. Consolidated Unconsolidated

100

99 98 198 199

ASSETS Allowable
1. Cash ..............................................................................2 $ 2. Cash segregated in compliance with federal and other regulations ...................................................... 3. Receivable from brokers or dealers and clearing organizations: A. Failed to deliver: 1. Includable in "Formula for Reserve
Requirements" .............................................
2. Other ............................................................ B. Securities borrowed: 1. Includable in"Formula for Reserve Requirements" ............................................. 2. Other ............................................................ C. Omnibus accounts: 1. Includable in"Formula for Reserve Requirements" .............................................
2. Other ............................................................
D. Clearing organizations: 1. Includable in"Formula for Reserve
Requirements" .............................................
2. Other ............................................................
E. Other ..................................................................
Receivables from customers: A. Securities accounts: 1. Cash and fully secured accounts .................
2. Partly secured accounts ..............................
3. Unsecured accounts ....................................
B. Commodity accounts .........................................
C. Allowance for doubtful accounts ........................
Receivables from non-customers: A. Cash and fully secured accounts ........................
B. Partly secured and unsecured accounts .............
Securities purchased under agreements to resell ....................................................................
Securities and spot commodities owned, at market value: A. Bankers acceptances, certificates of
deposit and commercial paper ...........................
B. U.S. and Candaian government
obligations ..........................................................
C. State and municipal government
obligations ..........................................................
D. Corporate obligations .........................................
200 210

Non-Allowable
$

Total
750 760

220 230

770

240 250

780

3

260 270

790

280 290 300

$

550

7

800 810

4.

310 320 330 ) 335 340 350 360
6

4

(

(

560 570 580 ) 590

820

5.

600 605

830 840

6. 7.

370 380 390 400 OMIT PENNIES

5

SEC 1695 (07-02) 3 of 28

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
PART II

BROKER OR DEALER STATEMENT OF FINANCIAL CONDITION ASSETS Allowable
E. Stocks and warrants ................................................ 9 $ F. Options .................................................................... G. Arbitrage .................................................................. H. Other securities ....................................................... I. Sport commodities .................................................. Securities owned not readily marketable: A. At Cost ..... 8 $ 130 Other investments not readily marketable: A. At Cost ..... $ 140 B. At estimated fair value ............................................. Securities borrowed under subordination agreements and partners' individual and capital securities accounts, at market value: A. Exempted securities .. $ 150 B. Other ........ $ 160 10 Secured demand notesmarket value of collateral: A. Exempted securities .. $ 170 B. Other ........ $ 180 Memberships in exchanges: A. Owned, at market value ........ $ 190 B. Owned at cost ......................................... C. Contributed for use of company, at market value ........................................ Investment in and receivables from affiliates, subsidiaries and associated partnerships Property, furniture, equipment, leasehold improvements and rights under lease agreements: At cost (net of accumulated depreciation and amortization)............................................ Other Assets: A. Dividends and interest receivable ..............
B. Free shipments ........................................
C. Loans and advances ................................
D. Miscellaneous ....................................... 11
TOTAL ASSETS .................................. $
410 420 422 424 430 440 $ 610

as of _____________________

Non-Allowable

Total

$

850 860

8. 9.

450

620

870

10.

460

630

880

11.

470

640

890

12.

650
12

660 670
14

900 910

13. 14.

480

490 500 510 520 530 540

680 690 700 710 720 740

920

15.

16.

13 $

$

930 940

OMIT PENNIES

SEC 1695 (07-02) 5 of 28

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
PART II

BROKER OR DEALER STATEMENT OF FINANCIAL CONDITION LIABILITIES AND OWNERSHIP EQUITY (continued)
A.I. Liabilities* Liabilities 17. Bank loans payable: A. Includable in "Formula for Reserve Requirements" ................................................. B. Other................................................................
18. Securities sold under repurchase agrement.... 19. Payable to brokers or dealers and clearing organizations: A. Failed to receive: 1. Includable in "Formula for Reserve Requirements" ............................................. 2. Other ............................................................
B. Securities loaned: 1. Includable in "Formula for Reserve Requirements" ............................................. 2. Other ............................................................ C. Omnibus accounts: 1. Includable in "Formula for Reserve Requirements" ............................................. 2. Other ............................................................
D. Clearing organizations: 1. Includable in "Formula for Reserve Requirements" ............................................. 2. Other ............................................................
E. Other: .................................................................
20. Payable to customers: A. Securities accounts-including free credits 15 of .......... $
950 B. Commodities accounts ....................................... 21. Payable to non customers: A. Securities accounts ............................................
B. Commodities accounts .......................................
22. Securities sold not yet purchased at market value-including arbitrage
of .......... $
960 23. Accounts payable and accrued liabilities and expenses: A. Drafts payable ....................................................
B. Accounts payable ...............................................
C. Income taxes payable .........................................
D. Deferred income taxes ........................................
E. Acrued expenses and other liabilities ..................
F. Other .................................................................. Non-A.I. Liabilities* Total

as of _____________________

$


1030 $ 1040 $

1240 $ 1250 $ 1260

1460 1470 1480

1050 1060

1270 1280

1490 1500

16


1070 1080

1290

21

1510 1520

1090 1095

19

1300

1530 1540

1100 1105 1110

1310 1320

1550 1560 1570

17


1120 1130 1140 1150

22

1330 1340 1350

1580 1590 1600 1610

1360

1620

1160 1170 1180
20

23

1370 1380

18


1190 1200

1630 1640 1650 1660 1670 1680 OMIT PENNIES

*Brokers or Dealers electing the alternative net capital requirement method need not complete these columns.

SEC 1695 (07-02) 7 of 28

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
PART II

BROKER OR DEALER STATEMENT OF FINANCIAL CONDITION LIABILITIES AND OWNERSHIP EQUITY (continued)
A.I. Liabilities* Liabilities 24. Notes and mortgages payable: A. Unsecured .......................................................... B. Secured .............................................................. 25. Liabilities subordinated to claims of general creditors: A. Cash borrowings: ............................................... 1. from outsiders 24 $ 970
2. Includes equity subordination (15c3-1(d)) of ....... $ 980 B. Securities borowings, at market value ................ from outsiders $ 990 C. Pursuant to secured demand note collateral agreements ......................................... 1. from outsiders $ 1000 2. Includes equity subordination (15c3-1(d)) of ....... $ 1010 D. Exchange memberships contributed for use of company, at market value ........................ E. Accounts and other borrowings not qualified for net capital purposes ........................ 26. TOTAL LIABILITIES ...................................... Non-A.I. Liabilities* Total

as of _____________________

$

25


1210 1211 $

$ 1390 1400

1690 1700 1710

1410 1420

1720 1730

27

26

1430 1440 1450 $

1740 1750 1760

$


1220 1230 $

Ownership Equity 27. Sole Proprietorship .............................................................................................................................................................................. $
28. Partnership-limited partners ...................................... $
1020 ....................................................... $
29. Corporation: A. Preferred stock .............................................................................................................................................................................
B. Common stock ............................................................................................................................................................................. 28
C. Additional paid-in capital ..............................................................................................................................................................
D. Retained earnings .........................................................................................................................................................................
E. Total .............................................................................................................................................................................................
F. Less capital stock in treasury ....................................................................................................................................................... (
30. TOTAL OWNERSHIP EQUITY ................................................................................................................................................. $
31. TOTAL LIABILITIES AND OWNERSHIP EQUITY ...................................................................................................................... $

1770 1780 1791 1792 1793 1794 1795 ) 1796 1800 1810

OMIT PENNIES *Brokers or Dealers electing the alternative net capital requirement method need not complete these columns.

SEC 1695 (07-02) 9 of 28

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
PART II

BROKER OR DEALER COMPUTATION OF NET CAPITAL as of _____________________

1. 2. 3. 4. 5. 6.

7. 8. 9.

Total ownership equity from Statement of Financial Conditon - Item 1800 .......................................................................................... $
Deduct Ownership equity not allowable for Net Capital ........................................................................................................................ (
Total ownership equity qualified for Net Capital ...................................................................................................................................
Add: A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ......................................................
B. Other (deductions) or allowable credits (List) ............................................................................................................................... 33
Total capital and allowable subordinated liabilities ............................................................................................................................... $
Deductions and/or charges: A. Total nonallowable assets from
Statement of Financial Condition (Notes B and C) ................................................................... $
3540 1. Additional charges for customers' and
non-customers' security accounts ................................................................................... $
3550 2. Additional charges for customers' and
non-customers` commodity accounts .............................................................................
3560 B. Aged fail-to-deliver .................................................................................................................
3570 1. Number of items ............................................... 29
3450 C. Aged short security differences-less reserve of ................................................................ $
3460 30 3580 number of items ......................................................
3470 D. Secured demand note deficiency ............................................................................................
3590 E. Commodity futures contracts and spot commodities - proproetary capital charges ..................................................................................................
3600 F. Other deductions and/or charges ............................................................................................
3610 G. Deductions for accounts carried under Rule 15c3-1(a)(6), (a)(7) and (c)(2)(x) .....................
3615 H. Total deductions and/or charges .................................................................................................................................................. (
Other additions and/or allowable credits (List) ....................................................................................................................................
Net capital before haircuts on securities positions ............................................................................................................................... $
Haircuts on securities: (computed, where applicable, pursuant to 15c3-1(f)): A. Contractual securities committments ...................................................................................... $
3660 B. Subordinated securities borrowings ........................................................................................
3670 C. Trading and investment securities: 1. Bankers' acceptances, certificates of deposit and commercial paper .............................. 31
3680 2. U.S. and Canadian government obligations ......................................................................
3690 3. State and municipal government obligations ....................................................................
3700 4. Corporate obligations .......................................................................................................
3710 5. Stocks and warrants ........................................................................................................
3720 6. Options ............................................................................................................................
3730 7. Arbitrage ..........................................................................................................................
3732 8. Other securities ................................................................................................................ 32
3734 D. Undue Concentration ..............................................................................................................
3650 E. Other (List) ........................................................................................................................
3736 (

3480 ) 3490 3500 3520 3525 3530

) 3620 3630 3640

) 3740 3750 OMIT PENNIES

10. Net Capital .......................................................................................................................................................................................... $


SEC 1695 (07-02) 11 of 28

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
PART II

BROKER OR DEALER COMPUTATION OF BASIC NET CAPITAL REQUIREMENT Part A
11. Minimum net capital required (62/3% of line 19) ................................................................................................................................... $
12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) ....................................................................................................................... $
13. Net capital requirement (greater of line 11 or 12) ................................................................................................................................ $
14. Excess net capital (line 10 less 13) ..................................................................................................................................................... $
15. Excess net capital at 1000% (line 10 less 10% of line 19) .................................................................................................................. 35$
3756 3758 3760 3770 3780

as of _____________________

COMPUTATION OF AGGREGATE INDEBTEDNESS
16. Total A.I. liabilities from Statement of Financial Condition .................................................................................................................... 17. Add: A. Drafts for immediate credit ..................................................................................................... $ 3800
34 B. Market value of securities borrowed for which no equivilent value is paid or credited ................................................................................................................... $
3810 C. Other unrecorded amounts (List) ............................................................................................ $
3820 18. Deduct: Adjustment based on deposits in Special Reserve Bank Accounts (15c3-1(c)(1)(vii)) ........................................................... 19. Total aggregate indebtedness .............................................................................................................................................................. 20. Percentage of aggregate indebtedness to net capital (line 19 ÷ by lne 10) ......................................................................................... 21. Percentage of aggregate indebtedness to net capital after anticipated capital withdrawals (line 19 ÷ by line 10 less Item 4880 page 25) ................................................................................................................................... $
3790

$ $
$
%
%

3830 3838 3840 3850 3853

COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT Part B
22. 2% of combined aggregate debt items as shown in Formula for Reserve Requirements pursuant to Rule 15c3-3 prepared as of date of the net capital computation including both brokers or dealers and consolidated subsidiaries' debits ...............36 $ 23. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) ............................................................................................................................ $
24. Net capital requirement (greater of line 22 or 23) ................................................................................................................................ $
25. Excess net capital (line 10 less 24) ..................................................................................................................................................... $
26. Percentage of Net Capital to Aggregate Debits (line 10 ÷ by line17 page 8) ....................................................................................... %
27. Percentage of Net Capital, after anticipated capital withdrawals, to Aggregate Debits (line 10 less item 4880 page 11 ÷ by line 17 page 8) ........................................................................................................................ % 28. Net capital in excess of the greater of: A. 5% of combines aggregate debit items or $120,000 .................................................................................................................... $ 3870 3880 3760 3910 3851 3854 3920


OTHER RATIOS Part C
29. Percentage of debt to debt-equity total computed in accordance with Rule 15c3-1(d) ........................................................................ % 30. Options deductions/Net Capital ratio (1000% test) total deductions exclusive of liquidating equity under Rule 15c3-1(a)(6), (a)(7) and (c)(2)(x) ÷ Net Capital ........................................................................................................................ % 3860
3852

NOTES:
(A) The minimum net capital requirement should be computed by adding the minimum dollar net capital requirement of the reporting broker dealer and, for each subsidiary to be consolidated, the greater of: 1. Minimum dollar net capital requirement , or 2. 62/3% of aggregate indebtedness or 2% of aggregate debits if alternative method is used. (B) Do not deduct the value of securities borrowed under subordination agrements or secured demand notes covered by subordination agrements not in satisfactory form and the market values of memberships in exchanges contributed for use of company (contra to item 1740) and partners' securities which were included in non-allowable assets. (C) For reports filed pursuant to paragraph (d) of Rule 17a-5, respondent should provide a list of material non-allowable assets.

SEC 1695 (07-02) 13 of 28

PART II - FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT

BROKER OR DEALER REVENUE For the period (MMDDYY) from38 3932 to Number of months included in this statement STATEMENT OF INCOME (LOSS) 3933 3931

1. Commissions: a. Commissions on transactions in listed equity securities executed on an exchange ....................................................................... $
b. Commissions on transactions in exchange listed equity securities executed over-the-counter ......................................................
c. Commissions on listed option transactions ..................................................................................................................................
d. All other securities commissions ..................................................................................................................................................
e. Total securities commissions ....................................................................................................................................................... 40
2. Gains or losses on firm securities trading accounts a. From market making in over-the-counter equity securities ............................................................................................................
1. Includes gains or (losses) OTC market making in exchange listed equity securities .........
3943 b. From trading in debt securities .....................................................................................................................................................
c. From market making in options on a national securities exchange ................................................................................................
d. From all other trading ...................................................................................................................................................................
e. Total gains or (losses) ..................................................................................................................................................................
3. Gains or losses on firm securities investment accounts a. Includes realized gains (losses) .............................................................................................
4235 b. Includes unrealized gains (losses) ..........................................................................................
4236 c. Total realized and unrealized gains (loses) ................................................................................................................................... 41
4. Profits or (losses) from underwriting and selling groups .....................................................................................................................
a. Includes underwriting income from corporate equity securities ..............................................
4237 5. Margin interest ....................................................................................................................................................................................
6. Revenue from sale of investment company shares .............................................................................................................................
7. Fees for account supervision, investment advisory and administrative services ..................................................................................
8. Revenue from research services .........................................................................................................................................................
9. Commodities revenue ..........................................................................................................................................................................
10. Other revenue related to securities business ........................................................................................................................................ 42
11. Other revenue ......................................................................................................................................................................................
12. Total revenue ....................................................................................................................................................................................... $


3935 3937 3938 3939 3940 3941 3944 3945 3949 3950

3952 3955 3960 3970 3975 3980 3990 3985 3995 4030

EXPENSES
13. Registered representative's compensation .......................................................................................................................................... $
14. Clerical and administrative employees' expenses ................................................................................................................................
15. Salaries and other employment costs for general partners, and voting stockholder officers ................................................................
a. Includes interest credited to General and Limited Partners capital accounts ...........................
4130 16. Floor brokerage paid to certain brokers (see definition) .......................................................................................................................
17. Commissions and clearance paid to all other brokers (see definition) ................................................................................................. 43
18. Clearance paid to non-brokers (see definition) ....................................................................................................................................
19. Communications .................................................................................................................................................................................
20. Occupancy and equipment costs ........................................................................................................................................................
21. Promotional costs ...............................................................................................................................................................................
22. Interest expense ..................................................................................................................................................................................
a. Includes interest on accounts subject to subordination agreements .......................................
4070 23. Losses in error account and bad debts ...............................................................................................................................................
24. Data processing costs (including service bureau service charges) ...................................................................................................... 44
25. Non-recurring charges ........................................................................................................................................................................
26. Regulatory fees and expenses .............................................................................................................................................................
27. Other expenses ...................................................................................................................................................................................
28. Total expenses .................................................................................................................................................................................... $
4110 4040 4120 4055 4145 4135 4060 4080 4150 4075 4170 4186 4190 4195 4100 4200

NET INCOME
29. Income (loss) before Federal income taxes and items below (Item 12 less Item 28) ...........................................................................
30. Provision for Federal income taxes (for parent only) ............................................................................................................................
31. Equity in earnings (losses) of unconsolidated subsidiaries not included above ................................................................................... 45
a. After Federal income taxes of ................................................................................................. 39
4238 32. Extraordinary gains (losses) ................................................................................................................................................................
a. After Federal income taxes of .................................................................................................
4239 33. Cumulative effect of changes in accounting principles ........................................................................................................................
34. Net income (loss) after Federal income taxes and extraordinary items ................................................................................................ $
4210 4220 4222 4224 4225 4230

MONTHLY INCOME
35. Income (current month only) before provision for Federal income taxes and extraordinary items ........................................................ $
4211

SEC 1695 (07-02) 15 of 28

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
PART II

BROKER OR DEALER COMPUTATION FOR DETERMINATION OF RESERVE REQUIRTEMENTS FOR BROKER-DEALERS UNDER RULE 15c3-3 (See Rule 15c3-3, Exhibit A and Related Notes) CREDIT BALANCES
1. Free credit balances and other credit balancesin customers' security accounts (see Note A, Exhibit A, Rule 15c3-3) ............................................................................. 46 $
4340 2. Monies borrowed collateralized by securities carried for the accounts of customers (see Note B) ................................................................................................................
4350 3. Monies payable against customers` securities loaned (see Note C) ..............................................
4360 4. Customers' securities failed to receive (see Note D) .....................................................................
4370 5. Credit balances in firm accounts which are attributable to principal sales to customers ................
4380 6. Market value of stock dividends, stock splits and similar distributions receivable outstanding over 30 calendar days ...................................................................................................................
4390 7. **Market value of short security count differences over 30 calendar days old ..............................
4400 8. **Market value of short securities and credits (not to be offset by logs or by debits) in all suspense accounts over 30 calendar days ............................................................... 47
4410 9. Market value of securities which are in transfer in excess of 40 calendar days and have not been confirmed to be in transfer by the transfer agnet or the issuer during the 40 days .........................
4420 10. Other (List) ...................... ...........................................................................................................
4425 11. TOTAL CREDITS ................................................................................................................................................................................. $


as of _____________________

4430

DEBIT BALANCES
12. **Debit balances in customers' cash and margin accounts excluding unsecured accounts and accounts doubtful of collection net of deductions pursuant to Note E, Exhibit A, Rule 15c3-3 ....... $ 4440 13. Securities borrowed to effectuate short sales by customers and securities borrowed to make delivery on customers' securities failed to deliver ..........................................................................
4450 14. Failed to deliver of customers' securities not older than 30 calendar days ....................................
4460 15. Margin required and on deposit with Options Clearing Corporation for all option contracts written or purchased in customer accounts (see Note F) ...............................................................
4465 16. Other (List). ................................................................................................................................... 48
4469 17. **Aggregate debit items ..................................................................................................................................................................... $
18. **Less 3% (for alternative method only­see Rule 15c3-1(f)(5)(i) ....................................................................................................... (
19. **TOTAL 14c3-3 DEBITS .................................................................................................................................................................... $


4470 ) 4471 4472

RESERVE COMPUTATION
20. Excess of total debits over total credits (line 19 less line 11) ..............................................................................................................49 $
21. 22. 23. 24. Excess of total credits over total debits (line 11 less line 19) ..............................................................................................................
If computation permitted on a monthly basis, enter 105% of excess of total credits over total debits ..................................................
Amount held on deposit in "Reserve Bank Account(s)," including value of qualified securities, at end of reporting period .................
Amount of deposit (or withdrawal) including $ 4515 value of qualified securities.......................................................................................................... 25. New amount in Reserve Bank Account(s) after adding deposit or subtracting withdrawal including $ 4525 value of qualified securities ......................................................................................................... $
26. Date of deposit (MMDDYY) .................................................................................................................................................................
4480 4490 4500 4510 4520 4530 4540

FREQUENCY OF COMPUTATION
27. Daily 50 4332 Weekly 4333 Monthly 4334 ** In the event the Net Capital Requirement is computed under the alternative method, this "Reserve Formula" shall be prepared in accordance with the requirements of paragraph (f) of Rule 15c3-1.

SEC 1695 (07-02) 17 of 28

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
PART II

BROKER OR DEALER COMPUTATION FOR DETERMINATION OF RESERVE REQUIRTEMENTS FOR BROKER-DEALERS UNDER RULE 15c3-3 (continued) EXEMPTIVE PROVISIONS
28. If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based (check only one) A. (k)(1) -- $2,500 capital category as per Rule 15c3-1 .................................................................................................................52 $
B. (k)(2)(A) -- "Special Account for the Exclusive Benefit of customers" maintained .......................................................................
C. (k)(2)(B) -- All customer transactions cleared through another broker-dealer on a fully disclosed basis. Name of clearing firm 51 4335 D. (k)(3) -- Exempted by order of the Commission ..........................................................................................................................
4550 4560 4570 4580

as of _____________________

Information for Possession or Control Requirements Under Rule 15c3-3
State the market valuation and number of otems of: 1. Customers' fully paid securities and excess margin securities not in the respondent's possesion or control as of the report date (for which instructions to reduce to possession or control had been issued as of the report date) but for which the required action was not taken by respondent within the time frame specified under Rul 15c3-3. Notes A and B ........................................ $ A. Number of items ....................................................................................................................................................................
2. Customers' fully paid securities and excess margin securities for which instructions to reduce possession or control had not been issued as of the report date, excluding items arising from "temporary lags which result from normal business operations" as permitted under Rule 15c3-3. Notes B, C and D ...................................................................................................................... $ A. Number of items .................................................................................................................................................................... 53
3. The system and procedures utilitzed in complying with the requirement to maintain physical possession or control of
customers' fully paid and excess margin securities have been tested and are functioning in a manner adequate to
fulfill the requirements of Rule 15c3-3 .............................................................................. Yes


4586 4587

4588 4589 OMIT PENNIES

4584 No

4585

NOTES
A-- Do not include in item one customers' fully paid and excess margin securities required by Rule 15c3-3 to be in possession or control but for which no action was required by the respondent as of the report date or required action was taken by respondent with the time frames specified under Rule 15c3-3. B-- State separately in response to items one and two whether the securities reported in response thereto were subsequently reduced to possession or control by the respondent. C-- Be sure to include in item two only items not arising from "temporary lags which result from normal business operations" as permitted under Rule 15c3-3. D--Item two must be responded to only with report which is filed as of the date selected for the broker's or dealer's annual audit of financial statements, whether or not such date is the end of a calendar quarter. The response to item two should be filed within 60 calendar days after such date, rather than with the remainder of this report. This information may be required on a more frequest basis by the Commission or the designated examining authority in accordance with Rule 17a-5(a)(2)(iv).

SEC 1695 (07-02) 19 of 28

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
PART II

BROKER OR DEALER SCHEDULE OF SEGREGATION REQUIREMENTS AND FUNDS IN SEGREGATION CUSTOMER'S REGULATED COMMODITY FUTURES ACCOUNTS SEGREGATION REQUIREMENTS
1. Net ledger balance: A. Cash .............................................................................................................................................................................................
B. Securities (at market) ...................................................................................................................................................................
2. Net unrealized profit (loss) in open futures contracts traded on a contract market ...............................................................................
3. Exchange traded options: A. Add: Market Value of an open option contracts purchased on a contract market ..........................................................................
B. Deduct: Market Value of an open option contracts granted (sold) on a contract market ................................................................
4. Net equity (deficit) (total of 1, 2 and 3) ...............................................................................................................................................
5. Add accounts liquidating to a deficit and accounts with debit balances with no open trades ...............................................................
6. Amount required to be segregated (total of 5 and 4) ..........................................................................................................................
7010 7020 7030 7032 7033 7040 7050 7060

as of _____________________

FUNDS ON DEPOSIT IN SEGREGATION
7. Deposited in segregated funds bank accounts: A. Cash .............................................................................................................................................................................................
B. Securities representing investments of customers' fund (at market) .............................................................................................
C. Securities held in particular customers or option customers in lieu of cash (at market) ................................................................
8. Margin on deposits with clearing organizations of contract markets: A. Cash .............................................................................................................................................................................................
B. Securities representing investments of customers' fund (at market) .............................................................................................
C. Securities held in particular customers or option customers in lieu of cash (at market) ................................................................
9. Settlement due from (to) clearing organizations of contract markets ...................................................................................................
10. Exchange traded options: A. Add: Unrealized receivables for option contracts purchased on contract markets .........................................................................
B. Deduct: Unrealized obligations for option contracts granted (sold) on contract markets ...............................................................
11. Net equities with other FCMs ...............................................................................................................................................................
12. Segregated funds on hand: A. Cash .............................................................................................................................................................................................
B. Securities representing investments of customers' funds (at market) ...........................................................................................
C. Securities held for particular customers in lieu of cash (at market) ...............................................................................................
13. Total amount in segregation *total of 7 through 12) ............................................................................................................................ $
14. Excess (insufficiency) funds in segregation (13 minus 6) ................................................................................................................... $
7070 7080 7090 7100 7110 7120 7130 7132 7133 7140 7150 7160 7170 7180 7190

SEC 1695 (07-02) 21 of 28

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
PART II

BROKER OR DEALER as of _____________________

Ownership Equity and Subordinated Liabilities maturing or proposed to be withdrawn within the next six months and accruals, (as defined below), which have not been deducted in the computation of Net Capital.
Type of Proposal Withdrawal or Accrual See below for code to enter
54

Name of Lender or Contributor 4600 4610 4620 4630 4640 4650 4660 4670 4680 4690 4601 4611 4621 4631 4641 4651 4661 4671 4681 4691

Insider or Outsider? (In or Out) 4602 $ 4612 4622 4632 4642 4652 4662 4672 4682 4692 Total $
64

Amount to be Withdrawn (cash amount and/or Net Capital Value of Securities) 4603 4613 4623 4633 4643 4653 4663 4673 4683 4693 4699* OMIT PENNIES

(MMDDYY) Withdrawal or Maturity Date 4604 4614 4624 4634 4644 4654 4664 4674 4684 4694

Expect to Renew (Yes or No) 4605 4615 4625 4635 4645 4655 4665 4675 4685 4695

55

56

57

58

59

60

61

62

63

* To agree with the total on Recap (Item No. 4880) Instructions: Detail Listing must include the total of items maturing during the six month period following the report date, regardless of whether or not the capital contribution is expected to be renewed. The schedule must also include proposed capital withdrawals scheduled within the six month period following the report date including the proposed redemption of stock and payments of liabilities secured by fixed assets (which are considered allowable assets in the capital computation pursuant to Rule 15c3-1(c)(2(iv)), which could be required by the lender on demand or in less than six months.

WITHDRAWAL CODE:
1. 2. 3. 4.

DESCRIPTIONS
Equity Capital Subordinated Liabilities Accruals 15c3-1(c)(2)(iv) Liabilities

SEC 1695 (07-02) 23 of 28

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
Capital Withdrawals
PART II

BROKER OR DEALER as of _____________________

RECAP
Ownership Equity and Subordinated Liabilities maturing or proposed to be withdrawn within the next six months
and accruals, (as defined below), which have not been deducted in the computation of Net Capital.

1. Equity Capital A. Partnership Capital: 1. General Partners .............................................................................................................. 65 $
4700 2. Limited ............................................................................................................................
4710 3. Undistributed Profits ........................................................................................................
4720 4. Other (describe below) ....................................................................................................
4730 5. Sole Proprietorship ..........................................................................................................
4735 B. Corporation Capital: 1. Common Stock ................................................................................................................
4740 2. Preferred Stock ................................................................................................................
4750 3. Retained Earnings (Dividends and Other) ......................................................................... 66
4760 4. Other (describe below) ....................................................................................................
4770 2. Subordinated Liabilities A. Secured Demand Notes ..........................................................................................................
4780 B. Cash Subordinates .................................................................................................................
4790 C. Debentures .............................................................................................................................
4800 D. Other (describe below) ...........................................................................................................
4810 3. Other Anticipated Withdrawals A. Bonuses .................................................................................................................................
4820 B. Voluntary Contributions to Pension or Profit Sharing Plans ..................................................... 67
4860 C. Other (describe below) ...........................................................................................................
4870 Total ...................................................................................................................................................................................... $
4. Description of Other

4880

STATEMENT OF CHANGES IN OWNERSHIP EQUITY
(SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION)

1. Balance, beginning of period ............................................................................................................................................................... $
A. Net income (loss) ......................................................................................................................................................................... B. Additions (includes non-conforming capital of ........................................................................ $
4263 68 C. Deductions (includes non-conforming capital of ..................................................................... $
4272
2. Balance, end of period (From Item 1800) ............................................................................................................................................ $
4240 4250 4260 4270 4290

STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED
TO CLAIMS OF GENERAL CREDITORS

3. Balance, beginning of period ............................................................................................................................................................... $
A. Increases ......................................................................................................................................................................................
B. Decreases .................................................................................................................................................................................... (
4. Balance, end of period (From Item 3520) ............................................................................................................................................ $
4300 4310 ) 4320 4330 OMIT PENNIES

SEC 1695 (07-02) 25 of 28

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
PART II

BROKER OR DEALER FINANCIAL AND OPERATIONAL DATA
1. Month end total number of stock record breaks unresolved over three business days Valuation A. breaks long ............................................................................................................................ $
4890 B. breaks short ........................................................................................................................... 72 $
4910 2. Is the firm in compliance with Rule 17a-13 regarding periodic count and verification of securities positions and locations at least once in each calendar quarter? (Check one) .................................................................................................................................. Yes 4930 3. Personnel employed at end of reporting period: A. Income producing personnel ........................................................................................................................................................
B. Non-income producing personnel (all other) .................................................................................................................................
C. Total .............................................................................................................................................................................................
4. Actual number of tickets executed during current month of reporting period ........................................................................................
5. Nunber of corrected customer confirmations mailed after settlement date ...........................................................................................
No. of Items 6. 7. 8. 9. 10.
69 Money differences ..................................
Security suspense accounts ....................
Security difference accounts ...................
Commodity suspense accounts ..............
Open transactions with correspondents, other brokers, clearing organizations, depositories and interoffice and inter company accounts which could result in a charge -- unresolved amounts over 30 calendar days .................................. Bank account reconcilliations -- unresolved amounts over 30 calendar days .............. Open transfers over 40 calendar days, not confirmed .. .................................. Transactions in reorganization accounts -- over 60 calendar days ........................70
Total ........................................................

as of _____________________

Number
74

4900 4920 No 4940 4950 4960 4970 4980 4990 Credit (Long Value)

Debit (Short Value) 5000 5040 5080 5120 $ $ $ $ 5010 5050 5090 5130

No. of Items 5020 5060 5100 5140
75 $

$ $ $

5030 5070 5110 5150

5160 5200 5240 5280 5320

$
71$

5170 5210 5250 5290 5330 No. of Items Leger Amount
73

5180 5220 5260 5300 5340

$ $ $
76$

5190 5230 5270 5310 5350 Market Value 5362 5365 5370 5374 5378 5380 5382 5384 5386 5388 5390 OMIT PENNIES

11. 12. 13. 14.

$ $ $

$

15. Failed to deliver 11 business days or longer (21 Business Days or longer in the case of Municipal Securities) ..................... 5360 $ 5361 16. Failed to receive 11 business days of longer (21 business Days or longer in the case of Municipal Securities) ..................... 5363 $ 5364 17. Security concentrations (See instructions in Part I): A. Proprietary positions .................................................................................................................................................................... $
B. Customers' accounts under Rule 15c3-3 ..................................................................................................................................... $
18. Total of personal capital borrowings due within six months ................................................................................................................. $
19. Maximum haircuts on underwriting commitments during the period ....................................................................................................77$
20. Planned capital expenditures for business expansion during next six months ...................................................................................... $
21. Liabilities of other individuals or organizations guaranteed by respondent ........................................................................................... $
22. Lease and rentals payable within one year .......................................................................................................................................... $
23. Aggregate lease and rental commitments payable for entire term of the lease A. Gross ........................................................................................................................................................................................... $
B. Net .............................................................................................................................................................................................. $


SEC 1695 (07-02) 27 of 28