Who is required to file annual audited financial statements?
Broker dealers are required to file Annual Audited Financial Statements pursuant to Exchange Act Rule 17a-5(d). Audits shall be filed with the Exchange no more than 60 days of a broker dealers’ fiscal year end. The rule contains an annual audit filing exemption for a broker dealer that is a member of a national securities exchange, has transacted a business in securities solely with or for other members of a national securities exchange, and has not carried any margin account, credit balance or security for any person who is defined as a “customer” in paragraph (c)(4) of Rule 17a-5. For additional guidance on this exemption please see memos below or contact the Exchange’s Examinations Department.
