DSP Securities, LLC has made an important amendment to its financial filing, correcting a significant numerical error. The company revised a previously reported figure from $540,887 to $44,608 in its recent submission.
This amendment is crucial for maintaining transparency and accuracy in financial reporting, especially in the highly regulated broker-dealer industry. Such corrections are essential for ensuring that stakeholders have access to accurate financial data.
Background
DSP Securities, LLC is a broker-dealer based in Conshohocken, Pennsylvania. The company is registered under the Central Index Key (CIK) 0001747231. The firm has been active in filing various reports with the SEC, including recent submissions such as the X-17A-5 and FOCUSN forms.
What the Filing Says
The filing states, "Typo corrected - Footnote 6: Confidential - Page 8. Number revised from $540,887 to $44,608. Public - Page 5. Number revised from $540,887 to $44,608." This highlights the company's commitment to correcting inaccuracies in its financial statements.
Impact
This correction may affect stakeholders who rely on DSP Securities' financial reports for decision-making. Accurate financial reporting is vital for maintaining investor confidence and regulatory compliance.
What's Next
The filing does not say what happens next.
Company Information
DSP Securities, LLC, incorporated in Pennsylvania, operates out of its business address located at 161 Washington Street, Suite 580, Conshohocken, PA 19428. The company is registered with the SEC under file number 008-70170 and has an Employer Identification Number (EIN) of 830920066.
Financial Reporting Period
The amendment pertains to the financial reporting period ending on June 30, 2026, with the period beginning on January 1, 2025. This timeframe is critical for stakeholders as it reflects the company’s financial performance and condition during this period.
Accountant Information
DSP Securities has engaged Nawrocki Smith LLP as its certified public accountant, which adds credibility to its financial reporting. The accountant's address is 100 Motor Parkway, Suite 580, Hauppauge, NY 11788.
Contact Information
For any inquiries related to this filing, stakeholders can contact Elizabeth Attanasio at the phone number 212-668-8700. This accessibility is vital for maintaining open communication with investors and regulatory bodies.
Missing Information
The filing does not provide details on the reasons behind the initial error or the specific implications of the correction for future financial statements. Additionally, there is no mention of any potential impact on regulatory compliance or investor relations following this amendment.