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CastleOak Securities - City of La Quinta BD-RFI 2018-19 Revised
REVISED VERSION CALIFORNIA BROKER/DEALER RFI FY 2019/2020 City of La Qu i nta Finance Department Attention: Rosemary Hallick 78495 Calle Tampico La Quinta CA, 92253 Finance@laquintaca.gov 760-777-7150 APPLICANT: CASTLEOAK SECURITIES, LP Susan Schiefelbein 111 SW 51h Avenue Suite 1835 Portland Oregon, 97204 646-521-6715 SSCHIEFELBEIN@CASTLEOAKLP. COM Revised DEADLINE JUNE 19, 2019 Securities 1 Securities CastleOak Securities 111 SW 5th AVE Portland,OR 9720 Date 3/25/19 Re: 2019 Broker/Dealer Questionnaire and Certification Dear City of LaQuinta Finance Department, The purpose of this letter is to briefly introduce you to CastleOak Securities. Founded in 2006, CastleOak is a certified minority -owned investment bank headquartered in New York City with five regional offices. We are one of the most well capitalized boutique investment banks allowing us to act as a sole/lead manager and stand as a strong counterparty for our sales and trading clients. CastleOak is in a strategic partnership with Cantor Fitzgerald, L.P., a leading financial services provider to institutional clients around the globe. We deliver a full array of fixed income products and ideas to our clients including Treasury, Agency, Money Markets and Investment Grade Corporates. We are an approved underwriter for Fannie Mae, Freddie Mac, the Federal Home Loan Banks, Farmer Mac, and the World Bank. Milestones include: >CastleOak surpassing $2 trillion mark in underwritings. >CastleOak's Agency and Supra team ranked as the #1 minority -owned underwriter of Agency and Supra medium - term notes for six consecutive years, 2010-2015. >2017 Financial Services Company of the Year by Black Enterprise Magazine Recognized as a top Minority -Owned Investment Bank for the 7th consecutive year. >Became the first minority underwriter mandated as a Joint Lead Manager of an agency Benchmark transaction We are committed to delivering innovative structuring and best execution to our buy -side clients. We are keenly aware of the competitive nature of the investment banking marketplace and have assembled a highly experienced team that puts clients' needs first while upholding our firm's core principles, which are: Honesty Inte ri and Performance. Enclosed you will find the requested documentation. Kind Regards, Susan Schiefelbein Managing Director Castleoak Securities, LP 646-521-6715 Pi Srruritie% REVISED TABLE OF CONTENTS 1. Broker Dealer Questionnaire added #26 2. Certification 3. Attachments (a—i) a) Resume/Bio/Bio 6) Audited Annual Financial Statement (FY 2018) c) Proof of Firm's FINRA Registration d) SECform X-17A-5 documentation of Rule I5c3-1 (past2 years) e) FINRA Broker Check (No Disclosure Events) f) Sample Trade Verification g) Sample Trade confirm, Statement of Activity h) Sample Research i) Complete schedule of fees --- NOTAPPLICABLE 3 Securities 1) BROKER /DEALER QUESTIONNAIRE ta 094(t(V 6A[.IVORNIA — BROKER/DEALER QUESTIONNAIRE AND CERTIFICATION 1. Name of Firm Castle0ak Securities, LP 2. Physical Address of Trading Office: I11 SW 511, Avenue, #1835, Portland, OR 97204 Physical Address of Corporate Headquarters: 110 East 59(h Street 2,)4 Floor, New York. NY 10022 3. Telephone of Trading Office: (646)521-6715 Telephone of Corporate Headquarters: (646) 521-6700 4. Broker's representative (s) to the City (attach resume(s)** Name: Susan Schiefelbein- Primary Sales Coverage Title: Managing Director Telephone: (646) 521-6715 ** see section 3- attachment A Name: Scott Rider -Secondary Sales Coverage Title: Managing Director Telephone: (212) 610-5584 ** see section 3- attachment A S. Manager/Partner-in-charge (attach resume):** Name: Dan Davis-Principal/Supervisor Title: Managing Directorl Head of Fixed Income Tradin Telephone: (212) 610-5593 * * see section 3- attachment A 6. Please indicate the staffing level for your office: Our West Coast trading floor houses the following staff. - Management: 1 Principal Supervisor/Trader Trading: 3 Fixed Income Traders Sales: 3 Fixed Income Sales People 7. Which of the above personnel have read the City's Investment Policy? Your Primary Sales Representative as well as all 3 Fixed Income Traders have read and keep a copy of the City's Policy stored on their desktops to quickly reference as needed. Additional!y, all personnel have a copy of the CA State Govt Code. 5 8. Which instruments are offered regularly by your local office? (Must equal 100%) While Castle0ak does not track percentage of instruments traded on a local basis the percentages below are in line with my California client base. 25 % U.S. Treasuries None % BA's 25 % Commercial Paper 10 % CD's (non-negotiable FDIC and negotiable YCD's) 5 % Mutual Funds all maior money fund familes offered) 25 % Agencies *(specify) None % Repos None % Reverse Repos None % Derivatives None % Stocks/Equities 10 % Other (specify) Municipal Bonds Corporate Medium Term Note *Agency: CastleOak Securities, LP is an approved underwriter and selling group member for FHLB FNMA FHLMC FARMER MAC TVA PEFCO WORLD SANK. 9. References— Please identify your most directly comparable public sector Clients in our geographic area. Entity City of Laguna Beach Entity Ventura County Contact Laura Parisi Contact Steven Hintz Telephone (949) 497-3311 Telephone (805) 654-3733 Client Since 2000 Client Since 2013 10. Has your firm been subject to any litigation, arbitration or regulatory proceedings, either pending, adjudicated, or settled, that involved allegations of improper fraudulent, disreputable or unfair activities related to the sale of securities to or the purchase of securities from institutional clients? NO. never. If so explain: N A 11. Has your firm or your local office, or representatives assigned to this account, been subject to a regulatory or state/ federal agency investigation for alleged improper, fraudulent, disreputable or unfair activities related to the sale of securities or money market instruments that resulted in a suspension or censure? NO. never. If so explain: N A 12. Are you aware of any current or pending complaints that are unreported to FINRA against you or your firm? NO. none. If so explain:, NLA 6 13. Explain your clearing and safekeeping procedures, custody and delivery process. Castleoak does not custody any securities or act as fidiiciary. INitlr r ejards to our delivery process, CastleDak utilizes DVP- �Delrvet;y-ys_-PaXrrzeni, rocessirrg. We utilize the infrastructure of Cantor Fitzgerald for clearing our l<ed Eligible trades and Pershing LLCfor• DT•C eligible securities. Customers receive ID confirms thrurrr h lire DT'Csystem. Unless otherwise requested, paper trade confirms will be rrrailedvia US Postal Service or- e -mailed upon request. Bloomberg trade ticke and 'lor VCONS along with security DES pages are provided at the time of trade execution. CastleOaksends its custorners a monthly statement of activity_. Who audits these fiduciary systems? Not-up,plicable as we do not offer custodial services Latest Audit report Date NSA 14. Describe the method your firm would use to establish capital trading limits for the City of La Quinta. Not applicable. We do not engage in any type of transaction that would require the City to establish trading limits. 15. Is your firm a member in the Securities Investor Protection Corporation (SIPQ Insurance program? Yes X No _ If yes, explain primary and excess coverage and carriers. Yes the Securities Investors Protection Corporation provides coverage foi Castle0ok rip to $1rrrm per account 16. Does your firm regularly report to the Market Reports Division of the Federal Reserve Bank of New York as a'primary dealer'? Yes No X 17. Is your firm owned by a holding company? ? Yes_ No X 18. Does your firm comply with the Federal Reserve Bank's capital adequacy guidelines? Yes Not Applicable X Castle0ak is not structured as a Bank and is not required to comply with the Federal Reserve's capital guidelines. However, we DO comply with the U.S. Securities and Exchange Commission's capital adequacy guidelines. Since our inception in 2006, Castle0ak has maintained a solid financial_ condition and has never fallen below the capital guidelines and currently exceeds by 23 times. 19. Does your firm offer investment training to clients Yes X No Castle0ak frequently hosts and sponsors conferences to provide investor education on timely and relevant issues in the fixed income markets in which we participate. Our professional staff is available for informal calls to discuss market developments, trends and relative value directly with our traders and salesmen. Additionally, we regularly schedule private investor meetings with Agency issuers such as FHLB, Farmer Mac, FNMA, FHLMC and the World Bank. CastleOak is a sponsor of the Crane Data Money Market Symposium; the annual GIOA'Government Investment Officers Association' and our annual Castle0ak Pension Forum. 7 20. Does your firm have professional liability insurance? Yes _X No If yes, please provide the insurance carrier, limits and expiration date. Castleaak is set- insured through its strate is artner's Cantor Fitz erald insurance arm. Moreover, the Firm carries Financial institutional Bond coverage through U.S. Specialty insurance Company with a single loss and aggregate limit of $25 &50 million respectively, which expires on April 27, 2020. 21. Is your firm a member of the Financial Industry Regulatory Authority (FINRA)? Yes X No _ List your FINRA/NASD Registration Number and **attach current FINRA broker check report. CastleOak Securities, LP CRD # 125334/SEC# 8-65786 ** see section 3- attachment C Susan Schiefelbein CRD# 1361457 ** see section 3- attachment D Scott Rider CRD# 3168094 ** see section 3- attachment D 22. Do you have relatives who work at the City of La Quinta? Yes_ No X 23. Is your firm currently licensed as a broker/dealer by the State of California? Yes _X Do you maintain an office in California? Yes X Address: 1925 Century Park East. -Suite 700 Los Angeles, CA 90067 24. Do you maintain an office in LaQuinta or Riverside County? Yes_ No X 25. Please enclose the following: > Latest audited financial statements **see section 3- attachment B > Copy of last two years SEC rule 15c3-1 ** see section 3- attachment E > Samples of reports, transaction confirmations the City would receive if you were approved ** see section 3- o"achments F-G > Samples of research/publications the firm regularly provides to clients **see section 3- attachment W >Complete schedule of fees and charges for transactions **attachment I (not applicable) 26. It is important that the firm provide related services that will enhance the account relationship, which could include the items noted below. Please ensure your response to the RFP indicates which of these, if any, you offer (secondary market; access to multiple inventories; research/analysis; liquidity; online platform for research or trading: As a regional dealer, CostleOak has bulit solid relationshlos with the 'street'. We do not risk our capital or take positions. Our traders have access to secondary Inventm as well as new issues In order to provide the best availability of product at the best available pricina as well as provide an active secondary market for liquidity, I understand that most California municipalities are 'buy and hold' but when there are unforeseen circumstances, we are ready to provide Higuldity. While we do not have an Internal research team, we are able to access credit_ research,_ ratings reports offering memorandums and prospectuses upon request directly from the Issuers and other sources. Market analysis, projections, and forecasts are available at any time. With reaards to monthly market performance and outlook, l am happy to assist with your month -end or quarterly reports to the Financial Advisory Commission or Council. Costle0ok does o r trading capabilities such as auto -execute trading on Bloomberg only. _Additionally, CastieOak has a web -based Portal "Money Fund Access' should the City have interest in money market funds with daily liquidity from all of the maior Fund families from Fidelity, BlackRock, Goldman, Dreyfus, Federated, JPMorgan, Oppenheimer, Wells Faro M5BC...and so on. 8 Securities 2) CERTIFICATION SECTION V: ACKNOWLEDGEMENT and CERTIFICATION My firm will notify the City immediately, by telephone, and, in writing, in the event of a material adverse change in its financial condition, or of any violation of Municipal Securities Rulemaking Board Rule G-37. ***CERTIFICATION*** I hereby certify that I have personally read the 2019/20 Investment Policy of the City of La Quinta and the California Government Codes pertaining to the investments of the City. We have implemented reasonable procedures and a system of controls designed to prevent imprudent investment activities arising out of transactions conducted between our firm and the City of La Quinta. All sales personnel will be routinely informed of the City's investment objectives, horizons, outlooks, strategies and risk constraints whenever we areso advised by the City. We pledge to exercise due diligence in informing the City of La Quinta of all foreseeable risks associated with financial transactions conducted with our firm. By signing this document, we authorize the City of La Quinta to conduct any and all background checks. Under penalties of perjury, I Certify that the responses to this questionnaire are true and accurate to the best of my knowledge and that I am authorized to execute this request for information. Firm Name: Castle0ak Securities LP Broker Representative Signature: Date: 3 28 2019 Title: Managing Director Sales Manager and/or Managing Partner Print Name: Susan Schiefelbein Signature: Print Name: "Sylvester McClearn Date: 3 28 2019 Title: Managing Director/National Fixed Income Safes Manager *This form must be signed by a registered principal or an individual with signing authority on behalf of the firm. 10 Securities 3)ATTACHMENTS (a-i) 11 a) Resume/Bio/Bio >Susan Schiefelbein (Primary) >Scott Rider -(Secondary) >Dan Davis -(Floor Principal) 12 SUSAN SCHIEFELBEIN Institutional Fixed Income Sales Professional Portland, Oregon sschiefelbein@a castleoakip.cpm Experience CastleOak 5ecurities. LP Los Angeles and Portland July 2012—Present 111 SW 5th Ave Suite 1835 Portland, OR 97204 Los Angeles,Ca July 2012—MARCH 2O16 Managing Director responsible for full distribution, marketing and relationship development for all fixed income products across the curve to State, County and City municipalities, Asset Managers, Insurance Companies and Corporations. Focus and expertise in the front end of the curve, specifically less than 5 yrs Banit of America I Merrill Lynch Los Angeles July 1994--April 2012 300 s. Grand Avenue Los Angeles, CA 90071 Responsibilities included Institutional fixed income sales with emphasis on corporate debt, (syndicate and secondary), high grade, high yield and emerging markets, Treasuries, Agencies, Municipal bonds, mortgage and asset -backed securities, all money market instruments domestic and offshore. L ib erty Ca Vital Markets Irvine CA January 1991--Ju11994 Institutional fixed income sales with a focus on 15-30yr mortgage -backed securities ,CMBS, ABS Dean Witter Reynolds Newport Beach CA January 1989—Au ust 1990 Retail Equity sales to high net worth individuals. Retirement planning. Blinder Robinson Investments Various locations June 1985—JANUARY1989 Chicago, Boulder, La Jolla, Irvine. Retail sales of penny stocks and blind pools to high net worth individuals. Career Qualifications As a veteran in the industryfor 32 years, I have been thru numerous Fed cycles, inverted curves, crash of 1987, crisis of 2008, expansions, war, recessions, embargos, reform, conservatorships, downgrades, defaults, 6 Presidents (Regan, Bush, Clinton, Bush, Obama, Trump) 5 Fed Chairs (Volcker, Greenspan, Bernanke, Yellen, Powell). Having invested in every scenario imaginable over 3 decades, I'm well qualified to guide my clients in any scenario putting their best interests above my own to help them achieve their objective of Safety, Liquidity, Yield. Licenses FINRA SERIES 7, SERIES 63, SERIES 3 Affiliations In order to stay well informed of issues important to my client base, I am an active participant in the annual conferences for: CMTA- California Municipal Treasurers Association CSMFO- CA Society of Municipal Finance Officers GIOA- Government Investment Officers Association GTOT- Government Treasurers Organization of Texas AFP- Association for Financial Professionals 312019 13 SaY��rilicv --SCOTT RIDER...... BIO Scott Alan Rider has 19 years of trading, underwriting and sales experience in the institutional fixed income markets in the Pacific Northwest He joined Castleoak in 2010. At Castle0ak, Scott is responsible for maintaining relationships directly with the issuers, FHLB, FNMA, FHLMC, FARMER MAC,IBRD,IFC,IBRD,TVA. He manages all Agency/Supra underwriting and trading across the curve from 1year to 30years. Scott will work with the client and salesman to provide trading advice, structuring and liquidity for Bullets,' Callables, Step -Ups or Treasuries. Based on his experience and product knowledge, Susan selected Scott as the most qualified to back up her clients on an as -needed basis. Prior to joining Castle0ak Securities, he held the position of Senior Vice President of Agency Underwriting and Trading at FinaCorp Securities and Senior Underwriter and Term Agency Trader for Seattle -Northwest Securities. Mr. Rider attended Iowa State University. Scott lives in Portland with his wife and son. He is a competitive long distance cyclist Scott currently holds FINRA SERIES 7 and SERIES 63 LICENSES Scott has never had any disciplinary actions or complaints levied against him in 19years as a licensed professional. 3/2019 14 lit orit" --DAN DAVIS...... BIO Mr. Davis has over 25 years of trading, underwriting, sales, investment advisory and executive level management experience in the institutional fixed income markets. In his current role Mr. Davis oversees origination and trading of Treasuries, Agencies and money market instruments. Prior to joining CastleOak Securities in 2010, Mr. Davis managed the Treasury, Agency and Money Markets group at Finacorp Securities and led the Taxable Trading department at Seattle -Northwest Securities, where he also founded the firm's investment advisory business. Prior to Seattle -Northwest, Mr. Davis was the Northwest Region Sales Manager for BA Securities, the Fixed Income Trading Manager for US Bank, and a Money Market Trader for First Interstate Bank. Mr. Davis is a graduate of Oregon State University where he earned a B.S. in Finance. He holds FINRA licenses Series 7, 24, 52, 63 & 65. Dan has never had any disciplinary actions or complaints levied against him in 25 years as a licensed professional. 312019 15 b) CastleOak 2018 Audited Annual Financial Statement 16 rities STATEMENT OF FINANCIAL,CONDITION Castle0ak Securities, L.P. December 31, 2018 With Report of Independent Registered Public Accounting Firm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL AUDITED REPORT FORM X-17A-5 PART III FACING PAGE OMB APPROVAL OMB Number: 3235-0123 Expires: August 31, 2020 Estimated average burden hours per response... 12.00 SEC FILE NUMBER 8-65786 Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder REPORT FOR THE PERIOD BEGINNING 01/01/18 AND ENDING MM/DD/YY — — A. REGISTRANT IDENTIFICATION 12/31/18 MM/DD/YY NAME OF BROKER_ — DEALER: OFFICIAL USE ONLY Castle0ak Securities, L.P. FIRM ID. NO. ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) 110 East 59th Street (No. and Street) New York New York 10022 (City) (State) (Zip Code) NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT Philip J. Ippolito _ 212-829-4788 (Area Code — Telephone No.) B. ACCOUNTANT IDENTIFICATION INDEPENDENT REGISTERED PUBLIC ACCOUNTANT whose opinion is contained in this Report* Ernst & Young LLP (Name — if individual, state last, first, middle name) 5 Times Square New York New York 10036-6530 (Address) (City) (State) (Zip Code) CHECK ONE: X Certified Public Accountant Public Accountant Accountant not resident in United States or any of its possessions. FOR OFFICIAL USE ONLY *Claims for exemption from the requirement that the annual report be covered by the opinion of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis for the exemption. See section 240.17a-5(e)(2). SEC 1410 (06-02). AFFIRMATION I, Philip J. Ippolito, affirm that, to the best of my knowledge and belief the accompanying statement of financial condition pertaining to CastleOak Securities, L.P. (the "Partnership"), as of December 31, 2018, is true and correct. I further affirm that neither the Partnership nor any partner, proprietor, principal officer or director has any proprietary interest in any account classified solely as that of a customer. Phil .1.lpito Chic f ncinlOfficer r Notary Public r� � rrr� ou~ an New VOM ONPO CpmfnW&W Evoires inn416.>M 9 This report contains (check all applicable boxes): ® Facing Page ® Report of Independent Registered Public Accounting Firm. ® Statement of Financial Condition. ❑ Statement of Operations. ❑ Statement of Cash Flows. ❑ Statement of Changes in Partners' Capital. ❑ Statement of Changes in Subordinated Borrowings. Q1 Notes to Statement of Financial Condition. ❑ Computation of Net Capital Pursuant to Rule 156-1. ❑ Computation for Determination of the Reserve Requirements under Exhibit A of SEC Rule 15c3-3 and Information Relating to the Possession or Control Requirements under SEC Rule 15c3-3. ❑ A Reconciliation, including appropriate explanation of the Computation of Net Capital Under Rule 150-1 and the Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3. ❑ A Reconciliation between the audited and unaudited Statement of Financial Condition with respect to methods of consolidation. ® An Oath or Affirmation. ❑ A copy of the SIPC Supplemental Report. ❑ A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, Ernst & Young LLP Tel: +1212 773 3000 5 Times Square Fax: +1212 773 6350 New York, NY 10036-6530 ey.com Bulldinq a better Yvorklnq world Report of Independent Registered Public Accounting Firm To the Partners and Management of Castle0ak Securities, L.P. Opinion on the Financial Statement We have audited the accompanying statement of financial condition of CastleOak Securities, L.P. (the "Partnership") as of December 31. 2018 and the related notes (the "financlal statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Partnership at December 31, 2018, in conformity with U.S. generally accepted accounting principles. Basis for Opinion This financial statement is the responsibility of the Partnership's management. Our responsibility is to express an opinion on the Partnership'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 Partnership in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission 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 audK 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 financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. We have served as the Partnership's auditor since 2008. February 28, 2018 A mumWrfirm of EmNf A Young 010bd LiWlmd Castle0ak Securities, L.P. Statement of Financial Condition December 31, 2018 (In Thousands) Assets Cash and cash equivalents Cash segregated under federal and other regulations Receivables from broker -dealers and clearing brokers Receivables from related broker -dealer Forgivable loans and receivables from employees, net Other assets Total assets Liabilities, Subordinated Borrowings and Partners' Capital Accounts payable and accrued liabilities Accrued compensation Payables to related parties Total liabilities Commitments and contingencies (Note 6) Subordinated borrowings Partners' capital General partner Limited partner Total partners' capital Total liabilities, subordinated borrowings and partners' capital See notes to statement of financial condition $ 1,489 50 3,525 3,330 1,246 2200 $ 9,840 0 $ 1,269 237 134 1,640 5,000 1,758 1,442 3,200 $ 9,840 2 Castle0ak Securities, L.P. Notes to Statement of Financial Condition December 31, 2018 (In Thousands) 1. General and Summary of Significant Accounting Policies Description of Business Castle0ak Securities, L.P. (the "Partnership"), is a limited partnership organized under the laws of the State of Delaware. The Partnership is a registered broker -dealer with the Securities Exchange Commission ("SEC'). The Partnership is owned by Castle0ak Management, LLC (55.7%), the managing general partner, and Castle0ak Management Holdings, LLC ("COMH" — 44.3%), the limited partner. COMM is a wholly owned subsidiary of Cantor Fitzgerald, L.P. ("CFLP"). The Partnership engages primarily in institutional brokerage, specializing in capital markets issuance, underwriting group participation and private placement of securities, which are supported by a sales and trading team specializing in equity and fixed income products. Basis of Presentation The statement of financial condition is presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Use of Estimates Management makes estimates and assumptions that affect the reported amounts of the assets and liabilities and the disclosure of contingent assets and liabilities. Management believes that the estimates utilized in preparing the statement of financial condition are reasonable. Estimates, by their nature, are based on judgment and available information. As such, actual results could differ materially from the estimates included in the statement of financial condition. Revenue Recognition Investment Banking Investment banking includes underwriting public and private offerings of equity/equity-linked and debt securities in connection with mergers and acquisitions, restructurings and other transactions. Generally, the Partnership's underwriting transactions represent a single performance obligation which is the sale of the customer's securities. Revenue from these activities is recognized at a point in time on the trade -date because the Partnership has a present right to payment for the service performed and the customer has a right to the net cash. Castle0ak Securities, L.P. Notes to Statement of Financial Condition (continued) December 31, 2018 (In Thousands) 1. General and Summary of Significant Accounting Policies (continued) As a practical expedient, costs associated with investment banking are expensed as incurred because contract terms are generally less than one year. Any cost reimbursements are recognized as revenue when the costs are incurred and the reimbursements are due from the customer. Principal Transactions Principal transaction revenues are primarily derived from'matched principal transactions, whereby the Partnership simultaneously agrees to buy securities from one customer and sell them to another customer. Revenues earned from principal transactions represent the spread between the buy and sell price of the brokered security, commodity, or derivative. Principal transaction revenues and related expenses are recognized on a trade date basis. Commissions Commissions revenue is derived from securities and commodities, whereby the Partnership connects buyers and sellers in the OTC and exchange markets. These transactions result from the provision of service related to executing transactions for clients. Commissions revenue is recognized at a point in time on the trade -date, when the customer obtains control of the service and can direct the use of, and obtain substantially all of the remaining benefits from the asset. The Partnership records a receivable between the trade -date and settlement date, when payment is received. Other revenue Other revenue is derived primarily from providing clients access to a web -based portal in order to purchase and sell money market funds. The Partnership earns a percentage of the average daily assets invested per client on the portal, which is managed by a third party. The revenue is recognized at a point in time when the average daily asset balance is received by the Partnership after the client has commenced trading. The Partnership records a receivable between the trade - date and when payment is received. Cash and cash equivalents The Partnership considers all highly liquid investments with maturity dates of 90 days or less at the date of acquisition to be cash. Cash Segregated Under Federal and Other Regulations Cash segregated under federal and other regulations are segregated for the protection of customers. CastleOak Securities, L.P. Notes to Statement of Financial Condition (continued) December 31, 2018 (In Thousands) 1. General and Summary of Significant Accounting Policies (continued) Receivables from Broker -Dealers and Clearing Brokers Receivables from broker -dealers and clearing brokers represents fees receivable from investment banking activities and other receivables and margin from unaffiliated clearing brokers. Receivables from Related Broker -Dealer Receivables from related broker -dealer represents clearing deposits held at Cantor Fitzgerald & Co. ("CF&Co"), a registered broker -dealer with the SEC, and subsidiary of CFLP. Forgivable Loans and Receivables from Employees, net The Partnership has entered into various agreements with certain of its employees whereby these individuals receive forgivable loans. These employee forgivable loans are recorded at historical value and are amortized using the straight-line method over the service period, which is generally two or three years. Income Taxes Income taxes are accounted for under U.S. GAAP Accounting Standard Codification ("ASC") Topic 740, Income Taxes, using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the statement of financial condition carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. To the extent that it is more likely than not that deferred tax assets will not be recognized, a valuation allowance would be established to offset their benefit. U.S. GAAP ASC Topic 740, Accounting for Uncertainty in Income Taxes, clarifies the accounting for income taxes by prescribing a "more likely than not" recognition threshold that a tax position is required to meet before being recognized in the statement of financial condition. In addition, the guidance clarifies the measurement of uncertain tax positions, classification of interest and penalties, and requires additional disclosures on tax reserves. The Partnership is taxed as a U.S. partnership. Under applicable federal and state laws, the taxable income or loss of a limited partnership is allocated to each partner based upon its ownership interest. Each partner's tax status, in turn, determines the appropriate income tax for its allocated share of taxable income or loss. Castle0ak Securities, L.P. Notes to Statement of Financial Condition (continued) December 31, 2018 (In Thousands) 1. General and Summary of Significant Accounting Policies (continued) Recent Accounting Pronouncements In May, 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606), which relates to how an entity recognizes the revenue it expects to be entitled to for the transfer of promised goods and services to customers. The ASU replaced certain existing revenue recognition guidance. The guidance as stated in ASU No. 2014- 09, was initially effective beginning on January 1, 2017. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with - Customers -Deferral of Effective Date, which deferred the effective date by one year, with early adoption permitted on the original effective date, The guidance in ASU 2014-09 permits the use of either the full retrospective or modified retrospective transition method. The FASB has subsequently issued several additional amendments to the standard, including ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which clarifies the guidance on principal versus agent analysis based on the notion of control and affects recognition of revenue on a gross or net basis. The Partnership has adopted the standard on its required effective date of January 1, 2018 using the modified retrospective transition method. The adoption of this guidance did not have a material impact impact on the Partnership's statement of financial condition. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). This standard requires lessees to recognize a right -of -use ("ROU") asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. The amendments also require certain quantitative and qualitative disclosures. Accounting guidance for lessors is largely unchanged. In July 2018, the FASB issued ASU 2018-10, Codification Improvements to Topic 842, Leases, to clarify how to apply certain aspects of the new leases standard. In addition, in July 2018, the FASB issued ASU 2018-11, Leases (Topic 842), Targeted Improvements, which provides an additional (and optional) transition method to adopt the new leases standard. ASU 2018-11 also contains a new practical expedient that allows lessors to avoid separating lease and associated non -lease components within a contract if certain criteria are met. In December 2018, the FASB issued ASU 2018-20, Leases (Topic 842), Narrow -Scope Improvements for Lessors, to clarify guidance for lessors on sales taxes and other similar taxes collected from lessees, certain lessor costs and recognition of variable payments for contracts with lease and non -lease components. The guidance in ASUs 2016-02, 2018-10, 2018-11 and 2018-20 became effective beginning January 1, 2019, with early adoption permitted. The Partnership has adopted the standards on their required effective date and is using CastleOak Securities, L.P. Notes to Statement of Financial Condition (continued) December 31, 2018 (In Thousands) 1. General and Summary of Significant Accounting Policies (continued) the effective date as the date of initial application. As a result, pursuant to this transition method, financial information was not updated and the disclosures required under the new leases standards were not provided for dates and periods before January 1, 2019. The adoption of this guidance did not have a material impact on the Partnership's statement of financial condition. 2. Receivable from Broker -Dealers and Clearing Brokers At December 31, 2018, Receivables from broker -dealers and clearing brokers consisted of the following: December 31, 2018 Receivables from clearing brokers $ 2,962 Receivables from broker -dealers 563 $ 3,525 Receivables from broker -dealers represents fees receivable from investment banking activities. Receivables from clearing brokers represents other receivables and margin from unaffiliated clearing brokers. 3. Related Party Transactions ('I.&CO provides clearing and settlement services, tinder contractual agreenicizts. to the Partnership. In connection with these services. CF&Co collects the: brokerage revenue and remits to the Partnership on a monthly basis. in addition, CF&Co charges fees on a per -ticket basis, dependent upon the product traded. CFLP provides the Partnership with administrative services, and other support for which they charge the Partnership based on the cost of providing such services. Such support includes allocations for utilization of fixed assets, accounting, treasury, operations, human resources, and legal services. For the year ended December 31, 2018, the Partnership was charged by affiliates for such services for which the unpaid balances are included in Payables to related parties in the Partnership's statement of financial condition. The Partnership has a subordinated borrowing with an affiliate. See Note 8 — Subordinated Borrowings for further detail related to this transaction. CastleOak Securities, L.P. Notes to Statement of Financial Condition (continued) December 31, 2018 (In Thousands) 4. Income Taxes As of December 31, 2018, the Partnership recorded a deferred tax asset of approximately $11, which is primarily related to net operating losses. The Partnership had an effective tax rate of 1.2%, which is different from the NYC UBT statutory rate of 4.0% due primarily to business income allocated outside of NYC. The Partnership analyzed its tax positions with respect to applicable income tax issues for open tax years in each respective jurisdiction and determined that there were no material tax liabilities as of December 31, 2018. As of December 31, 2018, the Partnership did not accrue any interest or penalties. The Partnership is not presently under examination for United States federal, state, and local income tax purposes, and is no longer subject to examination by tax authorities for the years prior to 2015 in all jurisdictions. 5. Regulatory Requirements As a registered broker -dealer, the Partnership is subject to the 5EC's Uniform Net Capital Rule (SEC Rule 156-1). The Partnership has elected to compute its net capital using the basic method which requires the maintenance of minimum capital of $250 or 6 213% of aggregate indebtedness. At December 31, 2018, the Partnership had net capital of $6,289 which was $6,039 in excess of its required net capital. The Partnership segregated cash of $50 into a special reserve account for the exclusive benefit of customers as of December 31, 2018. 6. Commitments and Contingent Liabilities Legal Matters — In the ordinary course of business, various legal actions are brought and may be pending against the Partnership. The Partnership is also involved, from time to time, in other reviews, investigations and proceedings by governmental and self -regulatory agencies (both formal and informal) regarding the Partnership's business. Any such actions may result in judgments, settlements, fines, penalties, injunctions or other relief. From time to time, the Partnership and its affiliates are involved in litigation, claims and arbitrations, relating to various employment matters, including with respect to termination of employment, hiring of employees currently or previously employed by competitors, terms and conditions of employment and other matters. In light of the competitive nature of the brokerage industry, litigation, claims and arbitration between competitors regarding employee hiring are not uncommon. Castle0ak Securities, L.P. Notes to Statement of Financial Condition (continued) December 31, 2018 (In Thousands) 6. Commitments and Contingent Liabilities (continued) Legal reserves are established in accordance with FASB guidance on Accounling for Contingencies, when a material legal liability is both probable and reasonably estimable. Once established, reserves are adjusted when there is more information available or when an event occurs requiring a change. The outcome of such items cannot be determined with certainty. The Partnership is unable to estimate a possible loss or range of loss in connection with specific matters. Management believes that, based on currently available information, the final outcome of current pending matters will not have a material adverse effect on the Partnership taken as a whole. Risks and Uncertainties The Partnership generates revenues by providing securities brokerage, trading, and underwriting services to institutional customers. Revenues for these services are transaction based. As a result, the Partnership's revenue could vary based on the transaction volume of the global financial markets. Other Commitments Leases — The Partnership is obligated for minimum rental payments under leases, for office spaces, expiring in 2020. As of December 31, 2018, the minimum lease payments under this arrangement are as follows: Years Ending December 31, 2019 2020 Total Minimum Lease Payment $ 71 46 $ 117 Certain of these leases contain escalation clauses that require payment of additional rent to the extent of increases in operating and other costs. The amounts in the above table do not include amounts related to such escalation clauses. 9 Castle0ak Securities, L.P. Notes to Statement of Financial Condition (continued) December 31, 2018 (In Thousands) 7. Counterparty Credit Risk Market Risk — In the normal course of business, the Partnership enters into transactions to purchase and sell securities. Market risk is the potential loss the Partnership may incur as a result of changes in the price of a particular financial instrument. All financial instruments are subject to market risk. The Partnership manages market risk by setting and monitoring adherence to risk limits. Credit Risk — As a securities broker and dealer, the Partnership is engaged in various trading and brokerage activities servicing a diverse group of domestic and foreign corporations, governments, and institutional investors. A substantial portion of the Partnership's transactions are executed with and on behalf of institutional investors including broker —dealers, banks, insurance companies, pension plans, U.S. government agencies, mutual funds, hedge funds and other financial institutions. Credit risk is the potential for loss resulting from the default by a counterparty of its obligations. The Partnership uses various means to manage its credit risk. The creditworthiness of all counterparties is analyzed at the outset of a credit relationship with the Partnership. These counterparties are subsequently reviewed on a periodic basis. Operational Risk — In providing a comprehensive array of products and services, the Partnership may be exposed to operational risk. Operational risk may result from, but is not limited to, errors related to transaction processing, breaches of internal control systems and compliance requirements, fraud by employees or persons outside the Partnership or business interruption due to systems failures or other events. Operational risk may also include breaches of the Partnership's technology and information systems resulting from unauthorized access to confidential information or from internal or external threats, such as cyber attacks. Operational risk also includes potential legal or regulatory actions that could arise as a result of noncompliance with applicable laws and/or regulatory requirements. In the case of an operational event, the Partnership could suffer a financial loss as well as reputational damage. 8. Subordinated Borrowings The Partnership has a subordinated revolving line of credit of up to $5,000 with CF&Co which is used to facilitate investment banking transactions. At December 31, 2018, $5,000 of subordinated borrowings were outstanding. The interest rate on this line of credit is 10%. The scheduled maturity date on the borrowing is July 12, 2020. For the year ended December 31, 2018, the Partnership was charged for usage fees for which the unpaid balances are included in Payables to related parties on the Partnership's statement of financial condition. 10 CastleOak Securities, L.P. Notes to Statement of Financial Condition (continued) December 31, 2018 (In Thousands) 8. Subordinated Borrowings (continued) The Partnership also has a subordinated revolving line of credit of up to $3,000 with Pershing LLC. The current rates of interest are alternative base rate ("ABR"), plus 5% and 1.25% on outstanding and non -outstanding balances, respectively. The ABR is a fluctuating rate of interest per annum equal to the higher of (a) the rate of interest most recently announced by the Lender as its "prime rate" and (b) the Federal Funds rate most recently determined by the Lender plus one half of one percent (0.50%). At December 31, 2018, there were no outstanding borrowings. For the year ended December 31, 2018, the Partnership was charged for usage fees for which the unpaid balances are included in Payables to related parties on the Partnership's statement of financial condition. These borrowings are subordinated to the claims of general creditors, approved by Financial Industry Regulatory Authority ("FINRA") and other regulators, and are included in the Partnership's calculation of net capital and the capital requirements of FINRA 4120. 9. Revenue from Contracts with Customers There was no material impact as a result of applying the new revenue recognition standard, as codified within ASU Topic 606, to the Partnership's statement of financial condition for the year ended December 31, 2018. Contract Balances — The timing of the Parnership's revenue recognition may differ from the tuning of payment by its custaniers. The Partnership rec arcis a receivable when revenue is recognized prior to payment and the Partnefship has an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, the Partnership records deferred revenue until the performance obligations are satisfied. The Partnership had receivables related to revenue from contracts with customers of $563 and $1,218 at December 31, 2018 and January 1, 2018, respectively. The Partnership had no impairments related to these receivables during the year ended December 31, 2018. Contract Costs — The Partnership capitalizes costs to fulfill contracts associated with different lines of its business where the revenue is recognized at a point in time and the costs are determined to be recoverable. Capitalized costs to fulfill a contract are recognized at the point in time that the related revenue is recognized. At December 31, 2018, there was no capitalized costs recorded to fulfill contracts. 11 CastleOak Securities, L.P. Notes to Statement of Financial Condition (continued) December 31, 2018 (In Thousands) 10. Subsequent Events The Partnership has evaluated subsequent events through the date the statement of financial condition was issued. There have been no material subsequent events that would require recognition in the statement of financial condition or disclosure in the notes to statement of financial condition. 12 c) Proof of Firm's SEC Registration 17 CASTLEOAK SECURITIES, LP CRDN 1253M SEC# S-65786 Main Office Location 110 EAST S6TH STREET 2ND FLOOR NEW YORK, NY 10022 Regulated by FINRA New York OfIce Malting Address 110 EAST S9TH STREET 2ND FLOOR NEW YORK, NY 10022 Business Telephone Number 646-521-6700 Report Summary for this Firm FlnfaY This report summary provides an overview of me brokerage firm . AddA wW inlprmilIon for ma firm tan be found In the detailed repot Firm Profile Disclosure Everts This tern is Wsairsd as a partnefsh ip This am was formed In Deewere on 07AMIM. ft fecal yaw ends In December. Firm History brokerage limes are required to dicbsa cerim ucmnsl rnetlem, regutsfory action, rsWpAroet proeeeAinya and Mendel wader in w Nch ele am or ane of He conkel affrAate s has been bvaired. ktiarrnator relating to the brokerage fMm's NsWry Are there twema dot:-oAed about Ihim firm? Yell such as other buakteae names and suweeafar (e.g., mergers. acgtiwlfone) cen be found In the detailed report The following types of dieclostrss have been Firm Op"lon5 reported: Type Count This fare is regiHared with: Regutatnry Evens 2 • the SEC • 1 SO-RegulMory OrgwbAbn • "U.S. states and ttxrilaries Is tNa brokerage Tian currentty suspended wth any regulnWr No This Arm conducts 12 tyres of busbesees. The km Is afhiirtted "a *Wkdei or kweshrient This firm has referral err &=vial wrarrgmwis rim peter brokers or deaere. o®taFMPANrtdthrretrwd. RemnabwdCASREOWSEDU MES. LP 1 17xx W11H&WAAV4Zr"03a Firm operabom _ (0OrH►t Uad) Finrah" U.s. stem a saw note EQedlvs U.s. sews & shlho Deb E1llsdflts Territaries TWF*Od s Alabama Approved D44-160-016 pennn*imla Approved 10118r2009 Arizona Approved 1412912013 Rhoda Island Approved 0=5=14 Arkansas Approved 3812=013 South Ca*o6no Approved 08WQ013 CaMbrala Approved 07I2512003 South t oWn. Aoproved 081D213013 Cabrddo Approved 11113'2007 Texas Approved 0W12012 Connecticut Approved D71252003 Uhth Approved 08113=13 Delaware Approved DBM13rlDt3 Vermont Approved 07=016 D-zinclofCohimbia Approved DBIM12D13 Virginia Approved =07=13 Florida Approved DONI 2D13 Wa&Nnglon Approved 08r-TY2013 Georgia Approved 041131ZD07 WesVdkjnta Approved 0311612016 Idaho Approved WM22D13 VVWDAW Approved 07r642013 Ui:rwls Approved 07124i2DD3 Indiana Approved 0SMV21213 Iowa Approved NM712013 Kansas Approved Wma Kentucky Approved 03MV2013 Lowuana approved OB1EUN13 Blaine Approved 10104120t3 Maryland Approved 090V2013 Maeea+31u:W1% Approved 051012013 Michigan Approved (AM5f2D04 Minnesota Approved 08108A20t3 Miewssippr approved 030-512014 hfaeouri Approved 1101612007 Nevada Approved D812712013 New Jersey Approved 0712912i)D3 New Mexico Approved 0610512013 New York Approved 03I_'4r003 Noah Cantina Appteved 0=512-013 North Dakota Approved 0911 D12013 Oho Approved OaJ2W2DD6 Oklahoma Approved 001DSr2013 Oregon App-ved 07r271201D 17xx Firm Operations Organization Affiliates (continued) This Rem is not directly or directly canfroiled by the following • bank hotd#nu company national bank • state member bank of the Federal Reserve Syatwn state novi-Me nber bank savings bank or association • credit union orfor eipn bank Fin a 17xx d) SEC form X-17A-5 documentation of Rule 15c3-1 (past 2 years) KU UNITED STATES 2019-04-23 03:15PM EDT SECURITIES AND EXCHANGE COMMISSION us: Accepted FOCUS REPORT FORM (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) X-17A-5 PART IIA (Please read instructions before preparing Form) This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a) X 16 2) Rule 17a-5(b) 17 3) Rule 17a-11 18 4) Special request by designated examining authority 19 5) Other 26 NAME OF BROKER -DEALER SEC. FILE NO. CASTLEOAK SECURITIES, LP 13 8-65786 14 ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P,O. Box No.) 110 EAST 59TH STREET, 2ND FLOOR (No. and Street) NEWYORK F211 NY (City) (State) F2Y 10022 (Zip Code) FIRM ID NO. 125334 15 FOR PERIOD BEGINNING (MM/DD/YY) 20 01/01/19 124 AND ENDING (MM/DD/YY) 23'I 03/31/19 F25 NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT(Area code) -Telephone No. Philip Ippolito 30 NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT C] 34 36 38 DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ? 7 CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT (212) 829-4788 31 OFFICIAL USE 33 35 37 39 YES 40 NO X 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 submisson of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. Dated the day of 20 Manual Signatures of: 1) Principal Executive Officer or Managing Partner 2) Principal Financial Officer or Partner 3) Princlpal Operations Officer or Partner ATTENTION - Intentional misstatements or omissions of facts constitute Federal Criminal Violations. (See 18 U.S.C. 1001 and 15 U.S.C. 78:f (a) ) FINRA FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2019-04-23 03:15PM EDT PART I IA Status: Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP N 3 I I I I i i00 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS as of (MM/DD/YY) 03/31/19 99 SEC FILE NO. 8-65786 98 ASSETS Allowable Consolidated = 198 Unconsolidated F=X 1999 Non -Allowable Total 1.Cash...................................$ 1,367,432 200 2. Receivables from brokers or dealers: A. Clearance account ...................... 5 427 955 295 B. Other ................................ 82,520 300 $ 550 3. Receivables from non -customers ............... 355 600 4. Securities and spot commodities owned, at market value: A. Exempted securities ......................... 418 B. Debt securities ............... . • • • • • ...... • 419 C.Options ............................... 420 D. Other securities . • • . • . • ... • . • ............. • 424 E. Spot commodities .......................... 430 5. Securities and/or other investments not readily marketable: A. At cost $ 130 B. At estimated fair value 440 6. Securities borrowed under subordination agreements and partners' individual and capital securities accounts, at market value: 460 A. Exempted securities $ 150 B. Other securities $ 160 7. Secured demand notes: 470 Market value of collateral: A. Exempted securities $ 170 B. Other securities $ 180 8. Memberships in exchanges: A. Owned, at market $ 190 B. Owned, at cost ............... .............................. C. Contributed for use of the company, at market value ................ .. ............. 9. Investment in and receivables from affiliates, subsidiaries and associated partnerships ...................... . 10. Property, furniture, equipment, leasehold improvements and rights under lease agreements, at cost -net of accumulated depreciation 6 00 630 640 650 6 00 $ 1,367,432 750 5 510 475 F817o 830 850 860 880 890 480 487.934 670 487,934 H10 and amortization. ..... I ......... 490 26,567 680 26,567 920 11. Other assets ........ . .................. 799,075 535 1,868,814 735 2,667 889 930 12. Total Assets . • • • • • • • • • • .. • .... - • • • • • $ 7,676,982 540 $ 21383,31517401 $ 10.060,297 840 Page 1 OMIT PENNIES 23 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT I2019-04-ccente 5PM EDT PART IIA LStatus Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 03/31/19 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS LIABILITIES AND OWNERSHIP EQUITY A.I. Non-A.I. Total _ Liabilities Liabilities Liabilities 13. Bank loans payable ............. . . ....... $ 1045 $ 1255 $ 114701 14. Payable to brokers or dealers: 1114 1315 15 00 A. Clearance account .......... ... ......... 1115 13 55 1540 B. Other ............ • • • • • • • . 15. Payable to non -customers ..................... • • • • • 1155 1355 _ 1610 16. Securities sold not yet purchased, 1360 107.01 at market value .... • • • • • • • .. 17. Accounts payable, accrued liabilities, expenses and other ......... ...... .... ... 1,352,352 1205 1385 1,352,352 1685 18. Notes and mortgages payable: 1210 16 00 A. Unsecured ............... ........... B. Secured ................................ 12i1 1390 1700 19. Liabilities subordinated to claims of general creditors: A. Cash borrowings: ........................ 5,000000 1400 5,000.00 1710 1. from outsiders $ 970 2. Includes equity subordination (15c3-1(d)) Of ...... $ 980 B. Securities borrowings, at market value 1410 1720 from outsiders $ _ 990 C. Pursuant to secured demand note 1420 1 330 collateral agreements ..... . . . ............... 1. from outsiders $ 1000 2. includes equity subordination (15c3-1(d)) of ...... $ 10 00 D. Exchange memberships contributed for 1430 1740 use of company, at market value ....... E. Accounts and other borrowings not for 1220 1440 17 00 qualified net capital purposes ............... 20. TOTAL LIABILITIES $ 1;352,3521230 S 5,000,000 1450 $ 6,352,352 17 Ownership Eguity_ 21. Sole proprietorship ............... ................................... , , ........... 5 1770 22. Partnership (limited partners) ................... $ 1020 3.707,945 1780 23. Corporation: 1791 A. Preferred stock ................ I ............ ............ 179 B. Common stock................................ .................................... 179 C. Additional paid -in capital .......... I ............. .. 1. 1 ....... , ........................ 1794 D. Retained earnings ............................................... . .................. 1797 E. Accumulated other comprehensive income .............. • • • • • • • • • • • • • • • .. • • . • .. • • • • • • - • 179 FTotal ................................... ........................................ { }1796 G. Less capital stock in treasury ........................................................... $ 3,707,945 1800 24. TOTAL OWNERSHIP EQUITY .............................. .......................... _ $ 10,060.297 1810 25. TOTAL LIABILITIES AND OWNERSHIP EQUITY ....... • • • • . • • • • • . • . • • • . • • • • • • • • • • • • • • • . • • OMIT PENNIES Page 2 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR Sta9Vg4-23 pied M EDT SSatus: Acceoted PART IIA CASTE BROKER OR DEALER CASTLEOAK SECURITIES, LP as of COMPUTATION OF NET CAPITAL 03/31/19 1. Total ownership equity from Statement of Financial Condition $ ( 8,707,945 3480 )[Mg 2. Deduct ownership equity not allowable for Net Capital ....................................... 3,707,945 35 00 3. Total ownership equity qualified for Net Capital ............... ... • • .... • ...... • • 4. Add: A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ............ .. i I 000 3520 3525 B. Other (deductions) or allowable credits (List) .............. , ...... . ............... . . . . . . . . . $ B,707 g45 3530 5. Total capital and allowable subordinated liabilities .... .................................. _ ....... 6. Deductions and/or charges: A. Total non -allowable assets from $ 2.383.315 3540 Statement of Financial Condition (Notes B and C) ..................... 3590 B. Secured demand note deficiency ...... • • • • • • • • • • C. Commodity futures contracts and spot commodities - 3600 proprietary capital charges ............................. I ....... 36 00 ( 2,383,315) 3620 D. Other deductions and/or charges ............................... 7.Other additions and/or allowable credits (List) • • • • • . • 3630 s 13640 8 Net Capital before haircuts on securities positions ...... I ...................................... 6,324,630 9. Haircuts on securities (computed, where appliicable, pursuant to 15c3-1(f)) : A. Contractual securities commitments .... • • • • • • • • • • • • • • • • • • • .. • • $ _ 3660 B. Subordinated securities borrowings ..... • • • • • • • • • • • • • • . • . • • • • • • • 3670 C. Trading and investment securities: 1. Exempted securities ................. . ....................... 3735 2. Debt securities ............................................. 3733 3. Options ..............................................,.. 3730 4. Other securities ............................................ 3734 D. Undue concentration ........................ ... 3650 E. Other (List) ................................................. 7,917 3736 ( 7 917) 740 10. Net Capital ........................... ............................. $ 6,316 713 3750 OMIT PENNIES Page 3 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2019-04-2303:15PM EDT PART I IA Status: Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 03/31/19 COMPUTATION OF BASIC NET CAPITAL REQUIREMENT Part A 11. Minimum net capital required (6-2/3% of line 19)....................................... ..... . . $ 90.157 3756 12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) ...................................... . ... ID 250.000 3758 13. Net capital requirement (greater of line 11 or 12)................................................ $ 250 C00 37 00 14. Excess net capital (line 10 less 13) . • • $ 6,066,713 3770 15. Net capital less greater of 10% of line 19 or 120% of line 12........................................... S 6,016,713 37 00 COMPUTATION OF AGGREGATE INDEBTEDNESS 16. Total A.I. liabilities from Statement of Financial Condition ..................................... .. . . . $ 1,352,352 3790 17. Add: A. Drafts for immediate credit • • • • • • • • • • • • ........................ • • • • • $ 3800 B. Market value of securities borrowed for which no equivalent value is paid or credited ................................. $ 3890 C. Other unrecorded amounts (List) ..................................... $ 3S20 $ 3830 19. Total aggregate indebtedness .. • • • • • .. • • • • • • $ 1,352,352 3840 ............................................ 20. Percentage of aggregate indebtedness to net capital (line 19 divided by line 10) ......................... % 2141 3850 21. Percentage of debt to debt -equity total computed in accordance with Rule 15c-3-1(d) % 57.42 3860 COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT Part B 22.2% of combined aggregate debit items as shown in Formula for Reserve Requirements pursuant to Rule 15c3-3 prepared as of the date of net capital computation including both brokers or dealers and consolidated subsidiaries' debits ......................................... $ 3870 23. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) ................................. $ 3880 24. Net capital requirement (greater of line 22 or 23)............................................... $ 37 00 25. Excess net capital (line 10 less 24)........................................................ $ 3910 26. Net capital in excess of the greater of: 5% of combined aggregate debit items or 120% of minimum net capital requirement .................. .. $ 3920 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 2.6-2/3% of aggregate indebtedness or 4% of aggregate debits if alternative method is used. (B) Do not deduct the value of securities borrowed under subordination agreements or secured demand notes covered by subordination agreements not in satisfactory form and the market values of the 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. Page 4 2019-04-23 03:15PM EDT FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR status: ted PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from 01/01/19 3932 to 03/31/19 3933 Number of months included in this statement 3 3931 STATEMENT OF INCOME (LOSS) or STATEMENT OF COMPREHENSIVE INCOME (as defined in §210.1-02 of Regulation S-X), as applicable REVENUE 1. Commissions: a. Commissions on transactions in exchange listed equity securities executed on an exchange b. Commissions on listed option transactions ................................. . c. All other securities commissions ........................................ . d. Total securities commissions ............................. :............. 2. Gains or losses on firm securities trading accounts ------ 1,..... .... $ 3935 3938 ........... 9381059 3939 93B4O59 3940 a. From market making in options on a national securities exchange ................... . ................ . b.From all other trading ................................................ I................. c. Total gain (loss) .................................................... ................. 3. Gains or losses on firm securities investment accounts 4. Profits (losses) from underwriting and selling groups ....................... . . .......... ......... . 5. Revenue from sale of investment company shares ........................................... .. . 6. Commodities revenue .............................................. 7. Fees for account supervision, investment advisory and administrative services ................ . ........... 8. Other revenue................................................................... I .... M.414 3995 9. Total revenue ................................................... .. .................. $ 5 087.044 4030 EXPENSES 10. Salaries and other employment costs for general partners and voting stockholder officers _ 1,652 129 4120 11. Other employee compensation and benefits .................................................... 1,136,072 115 12. Commissions paid to other brokers -dealers ..................................... 4140 13. Interest expense ........... . ............. 162 795 4075 a. Includes interest on accounts subject to subordination agreements ............ . .... 4070 14. Regulatory fees and expenses............................................................. 4195 15. Other expenses .................................................... ........ - . - .... _ 1,628,565 4100 16. Total expenses ..................................................... ............. - . $ 4,579 5E1 RIM NET INCOME/COMPREHENSIVE INCOME 17. Net Income (loss) before Federal income taxes and items below (Item 9 less Item 16) ..................... $ 507,4B_3 4210 18. Provision for Federal income taxes (for parent only) .................... .......................... 4220 19. Equity in earnings (losses) of unconsolidated subsidiaries not included above ............................. 4222 a. After Federal income taxes of ... • • • • • • ........................ • • 4238 20. [RESERVED] a. [RESERVED] 21. [RESERVED] $ 507 483 4230 22. Net income (loss) after Federal income taxes ....................................... . . . . . . 23. Other Comprehensive income (loss) ................................. . . . ................. 4226 a. After Federal income taxes of .. • • • • • • ........................ • • • 4227 24. Comprehensive income (loss) .................................. .................. . . . $ 507 483 4228 MONTHLY INCOME 25. Income (current month only) before provision for Federal income taxes ............. .............. $ 304,701 4211 Page 5 2019-04-23 03:15PM EDT FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT I Status: Accepted PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from 01/01/19 to 03131/19 STATEMENT OF CHANGES IN OWNERSHIP EQUITY (SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION) 1. Balance, beginning of period ........ ............. .... ....... ....... .... . .............. $ 3,200 462 4240 A. Net income (loss) • - 507 450 .83 42 B. Additions (includes non -conforming capital of ..... ....... . .. .. ..... $ 4262 ) 4260 C. Deductions (includes non -conforming capital of ....... • . - • - • • ... $ . 4272 ) 4 0 2. Balance, end of period (from item 1800) . . ..... . ............... ...... I ...... $ 3,707,945 4290 STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS 3. Balance, beginning of period ......... . .... ..... . ............... ... ............... $ 5.000,000 4300 A. Increases .................... ............... ....... . ..... ......... ..... 4310 B.Decreases .......... ........... ............. ............ ................... _ 4320 4. Balance, end of period (from item 3520) .. $ 5,000,000 4330 OMIT PENNIES Page 6 FINANCIAL AND OPERATIONAL COMBINED*UNIFORNf SINGLE REPORT 2019-04-2303:15PM EDT PART I IA Status: Ar &gptggL_ BROKER OR DEALER CASTLEOAK SECURITIES, LP as of Exemptive Provision Under Rule 15c3-3 03/31/19 :1 25. If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based A. (k) (1) - Limited business (mutual funds and/or variable annuities only) $ 4550 B. (k) (2) (i) - "Special Account for the Exclusive Benefit of customers" maintained ....................... ....... x 4560 C. (k) (2) (ii) - All customer transactions cleared through another broker -dealer on a fully disclosed basis. T Name(s) of Clearing Firm(s) - Please separate multiple names with a semi -colon Cantor Fitzgerald & Co., Pershing LLC 4335 x 4570 D. (k) (3) - Exempted by order of the Commission .......................... .......... 4580 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 Proposed Withdrawal or Amount to be with- (MMDDYY) Expect Accrual Insider or drawn (cash amount Withdrawal to (See below for Outsider ? and/or Net Capital or Maturity Renew code to enter) Name of Lender or Contributor (In or Out) Value of Securities) Date (Yes or No) 4600 4601 602 4603 4604 4605 4610 4611 4612 4613 4614 4615 4620 4621 4622 4623 4624 4625 4630 4631 4632 4633 4634 4635 4640 4641 4642 4643 4644 4645 4650 4651 4652 4653 4654 4655 4660 4661 4662 4663 _ 4664 4665 4670 4671 672 4673 4674 4675 4680 4681 4682 683 4684 4685 4690 4691 4692 693 4694 4695 TOTAL $ 4699 OMIT PENNIES 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: DESCRIPTION 1. Equity Capital 2. Subordinated Liabilities 3. Accruals 4. 15c3-1(c) (2) (iv) Liabilities Page 7 UNITED STATES 2019-01-25 04:46PM EST SECURITIES AND EXCHANGE COMMISSION Status- Ameted FOCUS REPORT FORM (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) X-17A-5 PART I 12 (Please read instructions before preparing Form) This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a) X F6 2) Rule 17a-5(b) 17 3) Rule 17a-11 1B' 4) Special request by designated examining authority 19 5) Other I—[ 26 NAME OF BROKER -DEALER CASTLEOAK SECURITIES, LP — L31 ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.) 110 EAST 59TH STREET 2ND FLOOR _ (No. and Street) i►11Ti►1C+m »l SEC. FILE NO. 8-65786 14 FIRM ID NO. 125334 15 FOR PERIOD BEGINNING (MM/DD/YY) 10/01/18 [2d i AND ENDING (MM/DD/YY) 21] NY 22 10022 23 12/31/18 (City) (Statey (Zip Code) NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT(Area code) -Telephone No. N] Philip Ippolito 30 112) 829�4i88 31 NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT OFFICIAL USE 32 33 34 35 36 37 38 39 DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ? YES 40 NO X 41 CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT FT421 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 submisson of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. Dated the day of 20 Manual Signatures of: 1) Principal Executive Officer or Managing Partner 2) Principal Financial Officer or Partner 3) — Principal Operations Officer or Partner ATTENTION - Intentional misstatements or omissions of facts constitute Federal Criminal Violations. (See 18 U.S.C. 1001 and 15 U.S.C. 78:f (a) ) FINRA FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART IIA 2019-01-25 04:46PM EST Status: Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS ASSETS 1a0 as of (MM/DD/YY) 12/31/18 99 SEC FILE NO. 8-65786 98 Consolidated 0 198 Unconsolidated 0 199 Allowable Non -Allowable Total 1. Cash ................................... $ 1,538,516 200 $ 1,538,516 750 2. Receivables from brokers or dealers: A. Clearance account ............... • • • • . • • • 6,181,835 295 B. Other ................................ 110,667 300 $ 550 6,292.502 810 3. Receivables from non -customers ............... 355 _ 600 830 4. Securities and spot commodities owned, at market value: A. Exempted securities ......................... 418 B. Debt securities ........................••••• 419 C.Options ............................... 420 D. Other securities ........... • • . • • ....... • • • • • 424 E. Spot commodities .......................... 430 850 5. Securities and/or other investments not readily marketable: A. At cost $ 130 B. At estimated fair value ..................... 440 610 860 6. Securities borrowed under subordination agreements and partners' individual and capital securities accounts, at market value: 460 630 880 A. Exempted securities $ 150 B. Other securities $ 160 7. Secured demand notes: 470 640 890 Market value of collateral: A. Exempted securities $ 170 B. Other securities $ 180 8. Memberships in exchanges: A. Owned, at market $ i90 B. Owned, at cost .............................................. 650 C. Contributed for use of the company, 660 900 at market value .............................................. 9. Investment in and receivables from affiliates, subsidiaries and associated partnerships ......... . ........... 4 870 670 910 10. Property, furniture, equipment, leasehold improvements and rights under lease agreements, at cost -net of accumulated depreciation and amortization. ........................ 490 29,296 F6801 29.296 920 11. Other assets .......................... 187,651 EE 1,777,885 735 1,965,536 930 12. Total Assets ................. • .... • • $ 8,018,669 540 $ 1,807,181 740 $ 9 825 850 940 Pagel OMIT PENNIES FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT S 19-01-2504:4d6PM EST PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 12/31/18 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS LIABILITIES AND OWNERSHIP EQUITY A.I. Non-A.I. Total Liabilities Liabilities Liabilities 13. Bank loans payable ............ ............. $ 1045 $ 1255 $ 1470 14. Payable to brokers or dealers: A. Clearance account ........................ 1 114 1315 1560 B. Other ................... ............. 1115 1305 1540 15. Payable to non -customers ... . . . .... . ........ 1155 1$55 1610 16. Securities sold not yet purchased, at market value ........... 1360 1620 17. Accounts payable, accrued liabilities, expenses and other .......................: _ 1,674,084 1205 1385 1,67.4 084 1685 18. Notes and mortgages payable: A. Unsecured .............................. 121 16 970 B. Secured ................................ 1211 1390 1700 19. Liabilities subordinated to claims of general creditors: A. Cash borrowings: ........................ 5,000,000 14 00 5 000 000 1710 1. from outsiders $ 970 ] 2. Includes equity subordination (15c3-1(d)) of ...... $ 980 B. Securities borrowings, at market value 1410 17 00 from outsiders $ Lod C. Pursuant to secured demand note collateral agreements ... . .. . ................ 1420 1730 1. from outsiders $ 100 2. includes equity subordination (15c3-1(d)) Of ...... $ 101 D. Exchange memberships contributed for use of company, at market value ........... _ .. 1430 1740 E. Accounts and other borrowings not qualified for net capital purposes ....... 2220 1440 1750 20. TOTAL LIABILITIES ....................... $ 1,674,084 1230 $ 5,000,000 1450 $ 6,674,084 1760 Ownership E uq ity 21. Sole proprietorship ............................... . ................................... $ 1770 22. Partnership (limited partners) ................... $ 1020 3,151,766 1780 23. Corporation: A. Preferred stock.................................................................... 179f B. Common stock....................................................................... 1792 C. Additional paid -in capital ........................................... I .................. E9 D. Retained earnings................................................................... 1794 E.Total................. I ..................... ,....... .. ................. I...... 1795 F Less capital stock in treasury .................................................... ...... ( ) 1796 24. TOTAL OWNERSHIP EQUITY .......... . ........ . ... . . ............... _ $ 3,151,766 1800 25. TOTAL LIABILITIES AND OWNERSHIP EQUITY ............................. $ 9,825,850 1810 OMIT PENNIES Page 2 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR 2019-01-25 04:46PM EST Stattm. Accept PART IIA FROKER OR DEALER CASTLEOAK SECURITIES, LP L - as of 12131 /18 COMPUTATION OF NET CAPITAL 1. Total ownership equity from Statement of Financial Condition • • • • • • • • • • $ 3,1511766 3480 2. Deduct ownership equity not allowable for Net Capital ........ .. ..... (� } 3490 3. Total ownership equity qualified for Net Capital .......... . .. ... .......... • . • • • • • • - • - • • - • 3,151,766 35 00 4. Add: A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ..... . ..... ... 5 000 000 3520 B. Other (deductions) or allowable credits (List) .................... .. ... • • • • • • • • • • • • • • • • • • • 3525 5. Total capital and allowable subordinated liabilities ........... $ 8,151 766 3530 6. Deductions and/or charges: A. Total non -allowable assets from Statement of Financial Condition (Notes B and C) 5 1,807,181 3540 B. Secured demand note deficiency • • • • • • • • • • • 3590 C. Commodity futures contracts and spot commodities - proprietary capital charges 3600 D. Other deductions and/or charges ................ . .. .. 36 00 ( 1,807,181)F36720 7.Other additions and/or allowable credits (List) 6N 8. Net Capital before haircuts on securities positions ........ • .... I ...... S 6,344.585 1364131 9. Haircuts on securities (computed, where appliicable, pursuant to 15c3-1(f)) : A. Contractual securities commitments • • • • • • • • • • $ B. Subordinated securities borrowings • • • • • • C. Trading and investment securities: 1. Exempted securities ................. . ..................... . 2. Debt securities ............................................. 3. Options .................................... ...... 4. Other securities .............................. • • - . • • • D U d—tration •••.......I.•.-.. ...I.•.......... 3660 3670 3735 n uewn •••••••• E. Other (List) .............................. ... ...... 90.673 3736 ( 90,673) 3740 10. Net Capital ...... . ..................... ........ .... . .................. $ 6,253,912 3750 OMIT PENNIES Page 3 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2019-01-25 04:46PM EST PART I IA Status: Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 12/31/18 COMPUTATION OF BASIC NET CAPITAL REQUIREMENT Part A 11. Minimum net capital required (6-2/3% of line 19) .. ................................... $ 111,606 3756 12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) ................................... . ......... S 25U.000 3758 13. Net capital requirement (greater of line 11 or 12)............................................. 3 250,000 3760 14. Excess net capital (line 10 less 13) ..... , ........ 5 6,003,912 3770 15. Net capital less greater of 10% of line 19 or 120% of line 12.......................................... $ 5.953.912 3780 COMPUTATION OF AGGREGATE INDEBTEDNESS 16. Total A.I. liabilities from Statement of Financial Condition ............................. . $ 1,674,084 3790 17. Add: A. Drafts for immediate credit . • • • • • • • • • • • • ........................ • • • • $ 3800 B. Market value of securities borrowed for which no equivalent value is paid or credited • • • • • • • • • • • • • • . $ 3810 C. Other unrecorded amounts (List) ..................................... $ 3820 $ 38 00 19. Total aggregate indebtedness ................................... ....................... $ 1,674,084 3840 20. Percentage of aggregate indebtedness to net capital (line 19 divided by line 10) ......................... % 26.77 M 21. Percentage of debt to debt -equity total computed in accordance with Rule 15c-3-1(d) ................ I ... % 61.34 3860 COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT Part B 22.2% of combined aggregate debit items as shown in Formula for Reserve Requirements pursuant to Rule 15c3-3 prepared as of the date of net capital computation including both brokers or dealers and consolidated subsidiaries' debits ....................................... . $ 3870 23. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) ................................. $ 3880 24. Net capital requirement (greater of line 22 or 23)............................................... $ 3760 25. Excess net capital (line 10 less 24)....................................................... . $ 39 00 26. Net capital in excess of the greater of: 5% of combined aggregate debit items or 120% of minimum net capital requirement ................... .. $ 3920 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 2.6-2/3% of aggregate indebtedness or 4% of aggregate debits if alternative method is used. (B) Do not deduct the value of securities borrowed under subordination agreements or secured demand notes covered by subordination agreements not in satisfactory form and the market values of the 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. Page 4 2019-01-25 04:46PM EST FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR s s:Acce ted PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from 10/01/18 3932 to 12/31/18 3933 Number of months included in this statement 3 3931 REVENUE STATEMENT OF INCOME (LOSS) 1. Commissions: a. Commissions on transactions in exchange listed equity securities executed on an exchange $ 3935 b. Commissions on listed option transactions ....................................... . ............ 3938 c. All other securities commissions ....................................... ......... I .......... 936 966 3939 d. Total securities commissions............................................................. 939,9663940 2. Gains or losses on firm securities trading accounts a. From market making in options on a national securities exchange .............................. I ..... 3945 b. From all other trading......................................................... I ........ 1,538,26 3949 c. Total gain (loss) ...................................... I ............................ , .. 1 538 269 3950 3. Gains or losses on firm securities investment accounts • . • • • • • • • • • • • • • • • • • • • • • I • • .. • . • • ' .. ' ' ' ' ' .. ' 3952 4. Profits (losses) from underwriting and selling groups ............................. • • . • • • • • • • • • • • • . 810080 3955 5. Revenue from sale of investment company shares ...................................... ........ 3970 6. Commodities revenue ................................................ .....I .... ........ 3990 7. Fees for account supervision, investment advisory and administrative services 7 500 3975 8.Other revenue ............ 483 069 3935 9. Total revenue ................................................................... $ 3,778,884 030 EXPENSES 10. Salaries and other employment costs for general partners and voting stockholder officers 1,539 63fi 4120 11. Other employee compensation and benefits .............................. I ..................... 964.911 EN 12. Commissions paid to other brokers -dealers 140 ................................ 13. Interest expense ...................................................... . . .............. 198 050 P075 a. Includes interest on accounts subject to subordination agreements ................ 4070 14. Regulatory fees and expenses............................................................. 4195 15.Other expenses.................................................................. . .... 1,844,991 100 16. Total expenses ................................................... I ....... I .......... I $ 4,547,588142001 NET INCOME 17. Net Income (loss) before Federal income taxes and items below (Item 9 less Item 16) ................... , ..... $ (768704) 4210 18. Provision for Federal income taxes (for parent only) ....................... ................ • • • • - • • 4220 19. Equity in earnings (losses) of unconsolidated subsidiaries not included above 222 a. After Federal income taxes of • • • • • • • • • • • 20. Extraordinary gains (losses) ...................................... . ...................... 4224 a. After Federal income taxes of • • • • • • • • • • • • 4239 21. Cumulative effect of changes in accounting principles ............................................. 22. Net income (loss) after Federal income taxes and extraordinary items .................................. 5 768 704 4230 MONTHLY INCOME 23. Income (current month only) before provision for Federal Income taxes and extraordinary items ........ 12,971 42 11 Page 5 BROKER OR DEALER CASTLEOAK SECURITIES, LP FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART IIA to _ 12/31/18 For the period (MMDDYY) from 10/01/18 STATEMENT OF CHANGES IN OWNERSHIP EQUITY (SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION) 2019-01-25 04:46PM EST Status - 1. Balance, beginning of period .......... ....... 5 3 920 470 4240 A. Net income (loss) ..... ... (7fi8 704) 4250 B. Additions (includes non -conforming capital of .......................... - • $ 4262 ) 4260 C. Deductions (includes non -conforming capital of .................. • . • • • . • • $ 4272 ) 4270 2. Balance, end of period (from item 1800) • • . • . $ 3,151 766 4290 STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS 3. Balance, beginning of period .. .. ............... ........... I ..... $ 5,000 000 4300 A. Increases ........ ..................................... 4110 B.Decreases ... .... .. ....................................... 4320 4. Balance, end of period (from item 3520) ........... ........... $ 5,000,000 4330 OMIT PENNIES Page 6 FINANCIAL AND OPERATIONAL COMBINED'UNIFORNf SINGLE REPORT I2019-01-25 04:46PM EST PART I IA Status: Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 12/31/18 Exemptive Provision Under Rule 15c3-3 25. If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based A. (k) (1) - Limited business (mutual funds and/or variable annuities only) $ 4550 B. (k) (2) (i) - "Special Account for the Exclusive Benefit of customers" maintained .............................. x 45 00 C. (k) (2) (ii) - All customer transactions cleared through another broker -dealer on a fully disclosed basis. Name(s) of Clearing Firm(s) - Please separate multiple names with a semi -colon Cantor Fitzgerald & Co.; Pershinq LLC 4335 x 4570 D. (k) (3) - Exempted by order of the Commission ........ ... .. ...... .... . . . .. .... . .............. 45 00 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 Proposed Withdrawal or Amount to be with- (MMDDYY) Expect Accrual Insider or drawn (cash amount Withdrawal to (See below for Outsider ? and/or Net Capital or Maturity Renew code to enter) Name of Lender or Contributor (In or Out) Value of Securities) Date (Yes or No) 4600 4601 4602 4603 _ 4604 4605 4610 4511 4612 4613 4614 46 55 4620 4621 4622 623 4624 4625 4630 4631 4632 4633 4634 4635 4640 4641 4642 4643 4644 4645 4650 4651 4652 4653 4654 4655 4660 4661 6 22 4663 4664 4665 4670 4671 4672 4673 4674 4675 4680 4681 682 4683 4684 4685 4690 991 4692 693 4694 4695 TOTAL $ 46 99 OMIT PENNIES 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: DESCRIPTION 1. Equity Capital 2. Subordinated Liabilities 3. Accruals 4. 15c3-1(c) (2) (iv) Liabilities Page 7 UNITED STATES 2018-10-24 06:24PM EDT SECURITIES AND EXCHANGE COMMISSION Status: Acce ed FOCUS REPORT FORM (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) X-17A-5 PART IIA 2 (Please read instructions before preparing Form) This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a) X 16 2) Rule 17a-5(b) 17 3) Rule 17a-11 18 4) Special request by designated examining authority [ Ti J 1 5) Other 26 NAME OF BROKER -DEALER CASTLEOAK SECURITIES, LP 13 ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.) 110 EAST 59TH STREET. 2ND FLOOR (No. and Street) SEC. FILE NO. 8-65786 1141 FIRM ID NO. 125334 15 FOR PERIOD BEGINNING (MM/DD/YY) 07/01 /18 24 AND ENDING (MM/DD/YY) NEWYORK [211 NY 12-21 10022 23 09/30/18 25 (City) (State) (Zip Code) NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT(Area code) -Telephone No. Philip Ippolito 30 NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT 32 34 _ 36 38 DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ? CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT �212) 829-4788 1E OFFICIAL USE 33 35 37 39 YES 40 NO X 41 a2 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 submisson of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. Dated the day of 20 Manual Signatures of: 1) Principal Executive Officer or Managing Partner 2) Principal Financial Officer or Partner 3) Principal Operations Officer or Partner ATTENTION - Intentional misstatements or omissions of facts constitute Federal Criminal Violations. (See 18 U.S.C. 1001 and 15 U.S.C. 78:f (a) ) J FINRA FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2018-10-24 06:24PM EDT PART IIA Status: Accwted BROKER OR DEALER CASTLEOAK SECURITIES, LP N 3 I I I I 100 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS as of (MM/DD/YY) 09/30/18 F991 SEC FILE NO. 8-65786 98 Consolidated = 198 Unconsolidated F —XI 199 ASSETS Allowable Non -Allowable Total 1. Cash ................................... $ 1 733 987 200 2. Receivables from brokers or dealers: 5,979,310 295 A. Clearance account .................. • • • • • 149,72713001S 550 B. Other ................................ 3. Receivables from non -customers ............... 355 600 4. Securities and spot commodities owned, at market value: A. Exempted securities ......................... 418 B. Debt securities ..............•••••......••• 419 C.Options ............................... 420 D. Other securities ...................... • • • • • • 424 E. Spot commodities .......................... 430 5. Securities and/or other investments not readily marketable A. At cost $ 130 B. At estimated fair value I ............. 6. Securities borrowed under subordination agreements and partners' individual and capital securities accounts, at market value: A. Exempted securities $ _ 150 B. Other securities $ 160 440 610 $ 1,733.987 750 6,129,037 F810 830 850 860 460 630 880 7. Secured demand notes: 7�i70 640 890 Market value of collateral: A. Exempted securities $ 170 B. Other securities $ 180 8. Memberships in exchanges: A. Owned, at market $ :1 650 B. Owned, at cost ......................... ..... C. Contributed for use of the company, FRO] 900 at market value 9. Investment in and receivables from affiliates, subsidiaries and 480 236 F670 236 910 associated partnerships ........... ........... 10. Property, furniture, equipment, leasehold improvements and rights under lease agreements, at cost -net of accumulated depreciation F4 9-01 33,025 F6R 33,025 920 and amortization. ........................ 11. Other assets .................. . ........ 323409 535 2,578 967 735 2,902,376 930 12. Total Assets • • • • • • • • • • • • • • • • • • $ 8 186 433 540 $ 2,612.228 7dfl $ 10,796,661 940 Page 1 OMIT PENNIES FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2018-10-24 06:24PM EDT PART IIA Status. Accepted J BROKER OR DEALER CASTLEOAK SECURITIES, LP I inhilitiac as of 09/30/18 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS LIABILITIES AND OWNERSHIP EQUITY A.I. Non -A. I. Total Liabilities Liabilities 13. Bank loans payable ...... I ................... $ 1045 $ 1255 $ 1470 14. Payable to brokers or dealers: A. Clearance account ........................ 1714 1315 1560 B. Other ............................... 1i15 1305 1540 15. Payable to non -customers .................. . . . 1155 1355 1610 16. Securities sold not yet purchased, 173670 1620 at market value .............. • • • • • . • . • • 17. Accounts payable, accrued liabilities, expenses and other ............... . ......... 1,878_191 1205 1395 1,878,191 1 885 18. Notes and mortgages payable: A. Unsecured ................. I ... ........ 1210 16 00 B. Secured ................................ 172171 139CI) 1700 19. Liabilities subordinated to claims of general creditors: A. Cash borrowings: ........... . . ........... 5 000 000 1400 5,000,000 17 00 1. from outsiders $ 970 2. Includes equity subordination (15c3-1(d)) of ...... $ 980 B. Securities borrowings, at market value IF4170 1720 from outsiders $ 990 C. Pursuant to secured demand note collateral agreements ............ . . ......... 174270 1730 1. from outsiders $ 1000 2. includes equity subordination (15c3-1(d)) of ...... $ 1010 D. Exchange memberships contributed for use of company, at market value .......... 1430 1740 E. Accounts and other borrowings not for 1220 1440 7750 qualified net capital purposes ............... 20. TOTAL LIABILITIES ....................... $ 1,878,191 1230 $ 5,000,000 1450 $ 6,878,191 1760 Ownership Equity 21. Sole proprietorship ................ ...................... I .............. - .... - . - .. $ 1770 22. Partnership (limited partners) ................... $ 1020 3,920,470 117801 23. Corporation: A. Preferred stock ........................................... . .......... . ............. 17 11 B. Common stock..................................................................... 17 22 C. Additional paid -in capital ............................................ . . ................ 1793 D. Retained earnings....................................................... 1 , ....... .. 17- E. Total........................................................................... 1795 F Less capital stock in treasury .................... • ... I ......... I .. I .................... ( ) 1796 24. TOTAL OWNERSHIP EQUITY ....................................... . ................. $ 3,1320,470 1800 25. TOTAL LIABILITIES AND OWNERSHIP EQUITY .... • • • • .. - • • • • • . • . - • • . • • _ ...... • • - • • • • • $ 10,798.661 1810 OMIT PENNIES Page 2 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR 2018-10-24 06:24PM EDT State : ted PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 09/30/18 COMPUTATION OF NET CAPITAL 1. Total ownership equity from Statement of Financial Condition • • • • • • • • • • • • • • • • • • • • • • • . • • • • • • • • • • • • • $ 3.920 470 34 00 2. Deduct ownership equity not allowable for Net Capital ......................... I .............. , . { ) IL4g 3. Total ownership equity qualified for Net Capital .................................. I , .......... , 3.920 470 35 00 4. Add: A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ..... . ........ . B. Other (deductions) or allowable credits (List) • • • • • • • • • • • • . • • • • • • • • • • • • 5 Total capital and allowable subordinated liabilities • • . • • • • • • • • • • • • • • • • • $ 6. Deductions and/or charges: A. Total non -allowable assets from $ 2.612.228 3540 Statement of Financial Condition (Notes B and C) .............. _ ....... 359D B. Secured demand note deficiency • • • • • • • • • • • • • . • • • • • • • • • • • • • • C. Commodity futures contracts and spot commodities - proprietary capital charges ...................................... 3600 D. Other deductions and/or charges 3610 7.Other additions and/or allowable credits (List) • • • • • • • • • • • • • • • • • • • • • . . . . . . . 8. Net Capital before haircuts on securities positions ................ ................ , ........... . 9. Haircuts on securities (computed, where appliicable, pursuant to 15c3-1(f)) : $ 36 00 A. Contractual securities commitments • • • • • • • • . • • • • • • • • • . • • • • • • • • • • • 3670 B. Subordinated securities borrowings ... • • • • • • • • • • • • • • • • • • • . • • • • • • • C. *ading and investment securities: 3735 1. Exempted securities ........................... I .......... _ .. 3733 2. Debt securities ............................................. 3730 3.Options................................................. 3734 4. Other securities ............................................ 3650 D. Undue concentration .••••••••••••..................••••••••• 2�085 3736 E. Other (List) ........................ I ............... ......... 10. Net Capital ....................................................................... Page 3 5,000 000 3520 3525 8,920470 3530 { 2,612.228)3620 3630 5 6.308,242 354 ( 2.085) F37401 $ 6,306.157 3750 OMIT PENNIES FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART IIA 2018-10-24 06:24PM EDT Status: Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 09/30/18 COMPUTATION OF BASIC NET CAPITAL REQUIREMENT Part A 11. Minimum net capital required (6-2/3% of line 19) .... ......................................... . .. $ 125,213 E 12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) .................................... . .. . . , , , $ 250, 000 3758 13. Net capital requirement (greater of line 11 or 12) ...... . .......................... . ...... . . ... . . . $ 250.000 3760 14. Excess net capital (line 10 less 13) ............................ . ...... $ 6,056,15; 3770 15. Net capital less greater of 10% of line 19 or 120% of line 12................................. ....... $ 6.006,157 3780 COMPUTATION OF AGGREGATE INDEBTEDNESS 16. Total A.I. liabilities from Statement of Financial Condition ................... .... . ....... $ 1,878,191 3790 17. Add: A. Drafts for immediate credit .............................. • ...... • ... $ 3800 B. Market value of securities borrowed for which no equivalent value is paid or credited ............................... $ 3810 C. Other unrecorded amounts (List) ................................... . $ 3820 $ 3830 19. Total aggregate indebtedness ................................... .......... $ 1,878,191 3840 20. Percentage of aggregate indebtedness to net capital (line 19 divided by line 10) % 29.78 3850 21. Percentage of debt to debt -equity total computed in accordance with Rule 15c-3-1(d) % 56.05 38 00 COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT Part B 22.2% of combined aggregate debit items as shown in Formula for Reserve Requirements pursuant to Rule 15c3-3 prepared as of the date of net capital computation including both brokers or dealers and consolidated subsidiaries' debits ......................................... $ 3870 23. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) ............................. . . . . $ 3880 24. Net capital requirement (greater of line 22 or 23)............................................... $ 3760 25. Excess net capital (line 10 less 24)....................................................... 1 $ 3 116 26. Net capital in excess of the greater of: 5% of combined aggregate debit items or 120% of minimum net capital requirement ...................... $ 3920 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 2.6-2/3% of aggregate indebtedness or 4% of aggregate debits if alternative method is used. (B) Do not deduct the value of securities borrowed under subordination agreements or secured demand notes covered by subordination agreements not in satisfactory form and the market values of the 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. Page 4 2018-10-24 06:24PM EDT FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR '[Staty5; PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from 07101118 3932 to 09/30/18 3933 Number of months included in this statement 3 3931 REVENUE STATEMENT OF INCOME (LOSS) 1. Commissions: a. Commissions on transactions in exchange listed equity securities executed on an exchange $ 3935 b. Commissions on listed option transactions .................................. . ................. 3938 c. All other securities commissions • - • • • • • • • • • .. • . • 584 637 3939 ........................................... d. Total securities commissions...............................................:............. 584,637 3946 2. Gains or losses on firm securities trading accounts a. From market making in options on a national securities exchange 3945 b. From all other trading 1 983 743 3949 ................................................. c. Total gain (loss) . • • • . . • • • • • • . 1 983 743 3950 ....................................................... • . 3. Gains or losses on firm securities investment accounts • • • • • • • • • • • • • • • • • • ........................ • ' 395 4. Profits (losses) from underwriting and selling groups ............................ _ ................. 1 275 722 3955 5. Revenue from sale of investment company shares ........... • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 3970 6. Commodities revenue 3990 ..................................................... 7. Fees for account supervision, investment advisory and administrative services 3975 8. Other revenue ... • • • • 466,7fi • • • • • • • • 5 3995 ........................................................ 9. Total revenue • • • • • • 4 310 867 030 EXPENSES 10. Salaries and other employment costs for general partners and voting stockholder officers 1,488 533 4120 11. Other employee compensation and benefits .............................. I ................. I ... 1,052.805 115 12. Commissions paid to other brokers -dealers 140 13. Interest expense ............................................... . .. ....... , .... 186 709 497 a. Includes interest on accounts subject to subordination agreements ................. 497D 14. Regulatory fees and expenses 195 15.Other expenses • • • • • • • • • 1,781,965 4100 16. Total expenses .................................................. . ........ ......... $, 4,508,012 4209 NET INCOME 17. Net Income (loss) before Federal income taxes and items below (Item 9 less Item 16) $ (197 145 4210 18. Provision for Federal income taxes (for parent only) ....................................... I ...... 4220 19. Equity in earnings (losses) of unconsolidated subsidiaries not included above ............................ 42 22 a. After Federal income taxes of • • • • • • • • • • • • .................. • • • • • ......... 4238 20. Extraordinary gains (losses) .................................................... . 4224 a. After Federal income taxes of • • • • • • • • • • • d239 21. Cumulative effect of changes in accounting principles ..................... I , ..... I ............... 4225 22. Net income (loss) after Federal income taxes and extraordinary items .................. I ..... I ......... $ 197,145 4236 MONTHLY INCOME 23. Income (current month only) before provision for Federal Income taxes and extraordinary items ................ 244 983 42 11 Page 5 2018-10-24 06:24PM EDT FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT [Status;Accented I PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP ll For the period (MMDDW) from 07/01/18 to 09/30/18 STATEMENT OF CHANGES IN OWNERSHIP EQUITY (SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION) 1. Balance, beginning of period ......................... I ...................... $ 4,117,615 4240 A. Net income (loss) .................................................................... (197,145)4250 B. Additions (includes non -conforming capital of ............... $ 4262 } 4260 C. Deductions (includes non -conforming capital of . _ ................ . . . . . $ 4272 ) 4 770 2. Balance, end of period (from item 1800) .............................. ......................... $ 3,920,470 4290 STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS 3. Balance, beginning of period ... ....... . .......... ................... $ 5,000,000 4300 A. Increases.......................................................................... 4310 B.Decreases .............. 4320 4. Balance, end of period (from item 3520) ............. ............ $ 5,000,000 4330 OMIT PENNIES Page 6 FINANCIAL AND OPERATIONAL COMBINED'UNIFORM' SINGLE REPORT r2018-10-24 06:24PM EDT PART IIA ':.Status- Acceoted BROKER OR DEALER CASTLEOAK SECURITIES, LP as of _ 09/30/18 Exemptive Provision Under Rule 15c3-3 25. If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based A. (k) (1) - Limited business (mutual funds and/or variable annuities only) $ 4550 B. (k) (2) (i) -"Special Account for the Exclusive Benefit of customers" maintained .............................. x 4560 C. (k) (2) (ii) - All customer transactions cleared through another broker -dealer on a fully disclosed basis. Name(s) of Clearing Firm(s) - Please separate multiple names with a semi -colon Cantor Fitzgerald & Co-; Pershing LLC 43 55 x 4570 D. (k) (3) - Exempted by order of the Commission.......................................................... 45 00 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 Proposed Withdrawal or Amount to be with- (MMDDYY) Expect Accrual Insider or drawn (cash amount Withdrawal to (See below for Outsider 7 and/or Net Capital or Maturity Renew code to enter) Name of Lender or Contributor (In or Out) Value of Securities) Date (Yes or No) 4600 4601 4602 4603 4604 4605 4610 4611 4612 4613 , 4614 46 55 4620 4621 4622 623 4624 4625 46— 4631 4632 4633 4634 4635 4640 4641 4642 4643 544 4645 4650 4651 4652 4653 4654 4655 4660 4661 4662 4663 4664 4665 4670 =4671 P6721 4673 4674 4675 gflgp 4681 4682 _ 4683 4664 4685 4690 4691 4692 4693 4694 4695 TOTAL $ 4699 OMIT PENNIES 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: DESCRIPTION 1. Equity Capital 2. Subordinated Liabilities 3. Accruals 4. 15c3-1(c) (2) (iv) Liabilities Page 7 UNITED STATES 2018-07-25 04:58PM EDT SECURITIES AND EXCHANGE COMMISSION r s: Acce ted FOCUS REPORT FORM (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) X-17A-5 PART IIA 1_12 (Please read instructions before preparing Form) This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a) IX 2) Rule 17a-5(b) 17 4) Special request by designated examining authority 19 NAME OF BROKER -DEALER CASTLEDAK SECURITIES, LP 13 ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.) 110 EAST 59TIl STREET. 2ND 7LOOR 20 (No. and Street) NEWYORK 21 NY 22r _ 10022 23 (City) (State) (Zip Code) 3) Rule 17a-11 18 5) Other FT267 SEC. FILE NO. 8-65786 14 FIRM ID NO. 125334 _ 15 FOR PERIOD BEGINNING (MM/DD/YY) OA101118 24 AND ENDING (MM/DD/YY) 06/30/18 25 NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT(Area code) -Telephone No. Philip lippollto 30 (212) 829-4788 31 NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT OFFICIAL USE 32 33 34 35 F361 37 38 39 DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ? YES 40 NO X 41 CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT 42 r -1 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 submisson of any amendment represents that all unamended items, statements — and schedules remain true, correct and complete as previously submitted. Dated the day of 20 Manual Signatures of: 1) Principal Executive Officer or Managing Partner 2) Principal Financial Officer or Partner 3) Principal Operations Officer or Partner ATTENTION - Intentional misstatements or omissions of facts Criminal Violations. (See 18 U.S.C. 1001 and 15 U.S.C. 78:f (a) constitute Federal FINRA FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2018-07-25 04:58PM EDT PART IIA Status: AqqgpLed BROKER OR DEALER CASTLEOAK SECURITIES, LP N 3 I I 1 I 10p STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS ASSETS A llnwnhla 1.Cash...................................$ 2,1921408 200 2. Receivables from brokers or dealers: A. Clearance account .................. • • • • • 5,97e 822 295 B. Other ................................ 125,569 L39 $ _ 3. Receivables from non -customers ............... 3 575 4. Securities and spot commodities owned, at market value: A. Exempted securities ......................... F4178 B. Debt securities ............................. 419 C.Options ............................... 420 D. Other securities .......................... • • 424 E. Spot commodities .......................... 430 5. Securities and/or other investments not readily marketable: A. At cost $ 130 B. At estimated fair value 440 6. Securities borrowed under subordination agreements and partners' individual and capital as of (MM/DD/YY) SEC FILE NO. Consolidated Unconsolidated Non -Allowable 06/30/1 B 99 8-65786 98 19$ 199 Total 408 750 550 6,102,3.91. 810 600 _ 3 e10 850 854 securities accounts, at market value: 460 630 8 870 A. Exempted securities $ 150 B. Other securities $ 160 7. Secured demand notes: ................ . .. 470 640 890 Market value of collateral: A. Exempted securities $ 170 B. Other securities $ 180 8. Memberships in exchanges: A. Owned, at market $ 190 B. Owned, at cost .............................................. 650 C. Contributed for use of the company, E60 900 at market value ................. ............................ 9. Investment in and receivables from affiliates, subsidiaries and associated partnerships .:....... ... ......... 48 07 336 F6770 36 910 10. Property, furniture, equipment, leasehold improvements and rights under lease agreements, at cost -net of accumulated depreciation 490 52,392 680 52.392 920 and amortization. ............ ..... 11. Other assets ........................... . . . . . . . 278,936 96 2,310,657 735 2.589.593 930 12. Total Assets . • • • • • • • • • • • • • • • • • • • • • • - $ 8 573 735 540 $ 2,363,085 740 $ 10,936,820 940 Page 1 OMIT PENNIES FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2018-07-25 04:58PM EDT to us: Acce ad PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 06/30/18 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS LIABILITIES AND OWNERSHIP EQUITY A.l . Non-A.I. Total Liabilities Liabilities Liabilities 13. Bank loans payable ................... 5 1045 $ 1255 $ 1470 14. Payable to brokers or dealers: A. Clearance account ........ I ............. . . 1114 1 115 15 00 B. Other ................................. 1115 13 55 1540 15. Payable to non -customers ......... . ......... . . 1155 1355 1610 16. Securities sold not yet purchased, at market value ... • • . • • • • • • • 1360 1620 17. Accounts payable, accrued liabilities, expenses and other 5 1 _ 1,819,205 120385 1,819 005 1685 18. Notes and mortgages payable: A. Unsecured 121 d 1690 B. Secured ................ I ............... 1211 1390 17 00 19. Liabilities subordinated to claims of general creditors: A. Cash borrowings: .. • • 5 000,000 1400 _ 5,000,000 1710 1. from outsiders $ 97fl 2. Includes equity subordination (15c3-1(d)) of ...... $ 980 B. Securities borrowings, at market value 1410 1720 from outsiders $ 990 C. Pursuant to secured demand note collateral agreements .. 1420 1730 1. from outsiders $ 1000 2. includes equity subordination (15c3-1(d)) Of ...... $ 10 00 D. Exchange memberships contributed for use of company, at market value 1430 1740, E. Accounts and other borrowings not qualified for net capital purposes $ 1 819 205 t230 $ 5 000,000 1450 $ 6,819.205 1760 20. TOTAL LIABILITIES — — -Ownership Equity 21. Sole proprietorship................................................................. . . $ 1770 22. Partnership (limited partners) ................... $ 1020 4,117 615 1780 23. Corporation: A. Preferred stock .............. I .............. - ... _ _................................. 1791 B. Common stock..................................................................... 1792 C. Additional paid -in capital ............. . . . . •............................................ _ 1793 D.Retained earnings.................................................................. 1794 E.Total........................................................................... 1795 F Less capital stock in treasury . • . • • • • • • • • • • • • • .. • • ) 17 66 24. TOTAL OWNERSHIP EQUITY......................................................... $ _ 4,117,615 1800 25. TOTAL LIABILITIES AND OWNERSHIP EQUITY • • • • • • . • • • • • • ........ $ 10.936 B20 1810 OMIT PENNIES Page 2 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR 2018-07-25 04:58PM EDT 5ta s: cce PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 06/30/18 COMPUTATION OF NET CAPITAL 1. Total ownership equity from Statement of Financial Condition • ........ • • • • • • • • . • • • • - • • $ 4,117,615 3480 2. Deduct ownership equity not allowable for Net Capital .. I .......................... I - _ - - . - - . _ _ - . ( ) 3490 3. Total ownership equity qualified for Net Capital ......... . .. . .. . . . .................. . .......... 4,117,615 3500 4. Add: A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ............... 5,000,000 3520 B. Other (deductions) or allowable credits (List) .............................................. 3525 5. Total capital and allowable subordinated liabilities .............................................. $ 9,117,615 3530 6. Deductions and/or charges: A. Total non -allowable assets from Statement of Financial Condition (Notes B and C) . .................... $ 2,363,085 5540 B' Secured demand note deficiency ..... • .... • • • • • • - • • • • • ......... 3 990 C. Commodity futures contracts and spot commodities - proprietary capital charges ..................................... 600 D. Other deductions and/or charges ................................. 3610 ( 2,363,085) 3620 7.Other additions and/or allowable credits (List) . • • • • • • • ... • • • • . - • • 3630 8. Net Capital before haircuts on securities positions ........................................... $ 6.754,530 3640 9. Haircuts on securities (computed, where appliicable, pursuant to 15c3-1(0) : A. Contractual securities commitments ................ I ............... 660 B. Subordinated securities borrowings .. • • • • • . I ...... • . • • ... • • ..... • • 70 C. Trading and investment securities: 1. Exempted securities ......................................... 3735 2. Debt securities ............................................. 3733 3. Options ........................... ...,............... 3730 4. Other securities ............................................ 3734 D. Undue concentration .......................................... 3650 E. Other (List) ................................................. 1,247 3736 ( 1,24713740 10. Net Capital ............................................ — ....................... $ 6.753.283 3750 OMIT PENNIES Page 3 BROKER OR DEALER CASTLEOAK SECURITIES, LP FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART IIA 06/30/18 as of COMPUTATION OF BASIC NET CAPITAL REQUIREMENT Part A 2018-07-25 04:58PM EDT Status: Acce ted 11. Minimum net capital required (6-2/3% of line 19)................................................ $ 121,280 12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) ............................................ $ 250,000 3758 13. Net capital requirement (greater of line 11 or 12)....................................... . . ....... $ 254 000 3760 14. Excess net capital (line 10 less 13) ......... 83 3 $ 6,503,2770 15. Net capital less greater of 10% of line 19 or 120% of line 12.......................................... $ 6,453,283 k7g COMPUTATION OF AGGREGATE INDEBTEDNESS 16. Total A.I. liabilities from Statement of Financial Condition .............................. $ 1,819 205 3794 17. Add: A. Drafts for immediate credit • • • • • • • • • • • • ........................ • • $ 3800 B. Market value of securities borrowed for which no equivalent value is paid or credited • • • • ......................... • • • $ 3810 C. Other unrecorded amounts (List) .................................... $ 38 00 $ 3830 19. Total aggregate indebtedness ................................... . ..... $ 1.819.205 3840 20. Percentage of aggregate indebtedness to net capital (line 19 divided by line 10) .... .... . . % 26.94 3850 21. Percentage of debt to debt -equity total computed in accordance with Rule 15c-3-1(d) ............ ..... % 54.84 38 00 COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT Part B 22.2% of combined aggregate debit items as shown in Formula for Reserve Requirements pursuant to Rule 15c3-3 prepared as of the date of net capital computation including both brokers or dealers and consolidated subsidiaries' debits ......................................... $ 3870 23. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital _ requirement of subsidiaries computed in accordance with Note (A) ................................. $ 3880 24. Net capital requirement (greater of line 22 or 23)............................................... $ - _ 37 00 25. Excess net capital (line 10 less 24)....................................................... $ 39 00 26. Net capital in excess of the greater of: 5% of combined aggregate debit items or 120% of minimum net capital requirement ...................... $ 3920 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 2.6-2/3% of aggregate indebtedness or 4% of aggregate debits if alternative method is used. (B) Do not deduct the value of securities borrowed under subordination agreements or secured demand notes covered by subordination agreements not in satisfactory form and the market values of the 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. Page 4 2018-07-25 04:58PM EDT FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR Accepted PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from 04/01/18 3932 to 06/30/18 IL99 Number of months included in this statement 3 3931 REVENUE STATEMENT OF INCOME (LOSS) 1. Commissions: a. Commissions on transactions in exchange listed equity securities executed on an exchange ................. $ 3935 b. Commissions on listed option transactions ................................. I .................. 3938 c. All other securities commissions _ 5255,MA 3939 ........................... d. Total securities commissions............................................................. 525.544 3940 2. Gains or losses on firm securities trading accounts a. From market making in options on a national securities exchange ..................................... 3945 b. From all other trading.................................................................. 1.720 648 3949 c. Total gain (loss) . • • • • . • • • 1 720 648 3950 ..................................................... 3. Gains or losses on firm securities investment accounts • • • • • • • • • • • • • • • • • • • • • • . • • • • • 3952 4. Profits (losses) from underwriting and selling groups ................................. I 3332 408 3955 5. Revenue from sale of investment company shares ............................................... 3970 6. Commodities revenue ........................................................ I.......... 3990 7. Fees for account supervision, investment advisory and administrative services 3975 8.Other revenue..................................................................... . .. 471,355 3995 9. Total revenue .................................................... I.." ...... I ......... $ 4,fl49 955 4i130 EXPENSES 10. Salaries and other employment costs for general partners and voting stockholder officers ......... • ........ 1 064 726 4120 11.Other employee compensation and benefits ................................. .. 1,141,653 4115 12. Commissions paid to other brokers -dealers ................................... ...... . _ .... 4140 13. Interest expense ...................................................................... 227,a114075 a. Includes interest on accounts subject to subordination agreements ................. 4070 14. Regulatory fees and expenses .......................................... 195 15. Other expenses • • ... • • • .. • • • 1,719,600 100 ................................................. ... 16.Totalexpenses ••••••••��••-•••••••• $ 4153.7904200 NET INCOME 17. Net Income (loss) before Federal income taxes and items below (Item 9 less Item 16) (103.835) 21 18. Provision for Federal income taxes (for parent only) .......................... I ................... 4220 19. Equity in earnings (losses) of unconsolidated subsidiaries not included above 4222 a. After Federal income taxes of •••••••••••• ........................I.....• 4238 20. Extraordinary gains (losses)............................................................. _La2Z4_ a. After Federal income taxes of • • • • • • ........................ • • • • • 4239 21. Cumulative effect of changes in accounting principles ........................ I .................... 4225 22. Net income (loss) after Federal income taxes and extraordinary items .................................. $ {103,835s 4230 MONTHLY INCOME 23. Income (current month only) before provision for Federal Income taxes and extraordinary items ............... 11 282 4211 Page 5 2018-07-25 04:58PM EDT FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT I status Acrgpted _ PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from 04/01/18 to 06/30/18 STATEMENT OF CHANGES IN OWNERSHIP EQUITY (SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION) 1. Balance, beginning of period ....................... . ............ . .. . . . . . . . I ........... - - .. $ 4,221,45099 A. Net income (loss) ...................... ..................... I ..... ............... ..... (103,835)4250 B. Additions (includes non -conforming capital of ............................ $ 262 ) 4260 C. Deductions (includes non -conforming capital of ....................... $ 4272 ) 4270 2. Balance, end of period (from item 1800) $ 4,117,615 4290 STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS 3. Balance, beginning of period .. .. . .. ...................... $ 5,000,000 4300 A. Increases .......... . . .... . . .... ........................................ , .... 43 00 B.Decreases .................... - -... ----------- 4320 4. Balance, end of period (from item 3520) . . . . . .. .. ........................ $ 5,000 000 Z30 EMIT PENNIES Page 6 FINANCIAL AND OPERATIONAL COMBINED'UNIFORM' SINGL' E REPORT 2018-07-25 04:58PM EDT PART I IA Status: Acre to BROKER OR DEALER as of 06/30/18 CASTLEOAK SECURITIES, LP Exemptive Provision Under Rule 15c3-3 25. If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based A. (k) (1) - Limited business (mutual funds and/or variable annuities only) $ 4550 B. (k) (2) (i) -"Special Account for the Exclusive Benefit of customers" maintained X 4560 C. (k) (2) (ii) - All customer transactions cleared through another broker -dealer on a fully disclosed basis. Name(s) of Clearing Firm(s) - Please separate multiple names with a semi -colon Cantd & Co.; Pershing LLC �4335 x _ 4570 or Fitz ami D. (k) (3) - Exempted by order of the Commission ................................................... 4580 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 Proposed Withdrawal or Amount to be with - Accrual Insider or drawn (cash amount (See below for Outsider ? and/or Net Capital code to enter) Name of Lender or Contributor (In or Out) Value of Securities) 4600 4601 4602 4603 4610 4611 4612 4613 4620 4621 4622 4623 4630 4631 4632 633 4640 4641 4642 643 4650 4651 4652 4653 4660 F46611 4662 4663 4670 4671 4672 4673 45£is1 4681 4682 4683 4690 4691 46 22 4693 TOTAL $ 4699 OMIT PENNIES 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: DESCRIPTION 1. Equity Capital 2. Subordinated Liabilities 3. Accruals 4. 15c3-1(c) (2) (iv) Liabilities Page 7 (MMDDYY) Expect Withdrawal to or Maturity Renew Date (Yes or No) 4604 4605 4614 4615 4624 4625 4634 4635 4644 4645 4654 4655 4664 4665 4674 4675 I4E84 4665 4694 4695 UNITED STATES SECURITIES AND EXCHANGE COMMISSION FOCUS REPORT FORM (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) X-17A-5 PART IIA 12 (Please read instructions before preparing Form) This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a) 1 161 2) Rule 17a-5(b) 17 4) Special request by designated examining authority 19 NAME OF BROKER -DEALER CASTLEOAK SECURITIES, LP _ 13 ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.) 110 EAST 59TH STREET 2ND FLOOR (No. and Street) 20 2018-04-24 04:37PM EDT Status: Accepted J 3) Rule 17a-11 18 5) Other 26 SEC. FILE NO. 8-65786 14 FIRM ID NO. 125334 15 FOR PERIOD BEGINNING (MM/DD/YY) 91/01/18 24 AND ENDING (MM/DD/YY) NEWYORK F21-1 NY 22 10022 23 03/31/18 lzfl (City) (State) (Zip Code) NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT(Area code) -Telephone No. Philip Ippolitp 30 t212) 329 .;,'88 31 NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT OFFICIAL USE F321 33 34 35 36 37 36 3g DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ? YES 40 NO X 41 CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT 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 submisson of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. Dated the day of 20 Manual Signatures of: 1) Principal Executive Officer or Managing Partner 2) Principal Financial Officer or Partner 3) Principal Operations Officer or Partner ATTENTION - Intentional misstatements or omissions of facts constitute Federal Criminal Violations. (See 18 U.S.C. 1001 and 15 U.S.C. 78:f (a) ) FINRA FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT I2018-04-2404:37PM EDT PART I IA `Status: Acre ted BROKER OR DEALER CASTLEOAK SECURITIES, LP N 3 I I I I I I I 100 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS ASSETS Allowable 1. Cash 1,038 54$ 200 2 R 'v tiles from brokers or dealers: as of (MM/DD/YY) SEC FILE NO. Consolidated Unconsolidated Non -Allowable 03/31/18 99 B-65786 98 198 X IF, 99 Tntal $ 1,G38,549 750 ecei a A. Clearance account ...................... _ 7.112.062 295 B. Other ................................ 38 992 3Q0 $ 57501 7,211,054 810 3. Receivables from non -customers 355 600 830 4. Securities and spot commodities owned, at market value: A. Exempted securities ......................... 416 B. Debt securities .......................... • • • 419 C.Options 4 270 D. Other securities ........................ • • • 4 274 E. Spot commodities .......................... 4 370 5. Securities and/or other investments not readily marketable: A. At cost $ 130 B. At estimated fair value .............. . 6. Securities borrowed under subordination agreements and partners' individual and capital securities accounts, at market value: A. Exempted securities $ 150 B. Other Mies $ 160 440 610 4 00 85D 860 630 880 sec 7. Secured demand notes: 470 64Q Market value of collateral: A. Exempted securities $ 170 B. Other securities $ 180 8. Memberships in exchanges: A. Owned, at market $ 190 B. Owned, at cost ................ ........................... C. Contributed for use of the company, at market value .............................................. 9. Investment in and receivables from affiliates, subsidiaries and associated partnerships ...................... . 10. Property, furniture, equipment, leasehold improvements and rights under lease agreements, at cost -net sl;o 6 670 890 900 F4870 2.256 F6701 2 256 910 of accumulated depreciation and amortization. _ 490 59,546 680 - 59�546 920 11. Other assets 476,886 535 2,938.631 EH 3 415 517 930 12. Total Assets • . • • • • • • • • $ 8.726 4B9® $ 3,000,433 740 $ 11 726.922 940 Page 1 OMIT PENNIES 18-04-24 04:37PM EDT FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 20statu ted PART IIA BROKER OR DEALER as of 03/31/18 LCASTLEOAK SECURITIES, LP STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS LIABILITIES AND OWNERSHIP EQUITY A.I. Non-A.I. Total Liabilities Liabilities Liabilities 13. Bank loans payable ....................... . . . $ 1045 $ 1255 $ 1470 14. Payable to brokers or dealers: A. Clearance account 1114 1315 1560 B. Other ................................. 1115 1305 1540 15. Payable to non -customers ..... . . . . • • - 1155 1355 1610 16. Securities sold not yet purchased, at market value • • • • • • • 1360 1620 17. Accounts payable, accrued liabilities, expenses and other ...................... .. 2,505,472 1205 1385 2 505,472 1685 18. Notes and mortgages payable: 1690 A. Unsecured - . - - .. 1210 _ - B. Secured .. 1211 390 1700 19. Liabilities subordinated to claims of general creditors: .. 5,000,000 1400 5:000,000 1710 A. Cash borrowings: 1. from outsiders $ 2. Includes equity subordination (15c3-1(d)) Of ...... $ 1980 B. Securities borrowings, at market value 1410 1720 from outsiders $ _ _ 990 C. Pursuant to secured demand note 1420 1730 collateral agreements 1. from outsiders $ 10 00 2. includes equity subordination,(15c3-1(d)) of ...... $ 10 00 D. Exchange memberships contributed for use of company, at market value ... 1430 1740 E. Accounts and other borrowings not qualified for net capital purposes ............... 1220 1440 1750 20. TOTAL LIABILITIES ............ . $ 2505 1230 $ 500 1450 $ 7,505,472 1760 __Qwnershi E uity 21. Sole proprietorship ..................................... . ... $ 1770 22. Partnership (limited partners) $ ' 1020 4221.450 1780 23. Corporation: A. Preferred stock ................... ......................... EH B. Common stock .................................... . ......................... . ...... 1792 C. Additional paid -in capital.............................................................. 1793 D.Retained earnings.................................................................. 1794 E.Total....................... ............ ......... ..................... I ... ...... 1795 F Less capital stock in treasury .......... .................. ( )1796 24. TOTAL OWNERSHIP EQUITY ................. ........................................ $ 4,221,450 18D0 25. TOTAL LIABILITIES AND OWNERSHIP EQUITY .. • • • • • . • • . • • • ..... • • $ 11 726.922 1810 OMIT PENNIES Page 2 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR 2018-04-24 04:37PM EDT PART IIA Status' Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 03/31/18 COMPUTATION OF NET CAPITAL 1. Total ownership equity from Statement of Financial Condition • . • . • • • . • $ 4,221 450 3480 2. Deduct ownership equity not allowable for Net Capital . . . . . . . . . . ................ . ............. ( ) h4901 3. Total ownership equity qualified for Net Capital ......... . . ... . ........................... 4,221,450 3500 4. Add: A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ............... 5,000,000 3520 B. Other (deductions) or allowable credits (List) ........................... I . I ........... h5251 5. Total capital and allowable subordinated liabilities ....... I ... . . ...... . ................... $ 9.221.450 3530 6. Deductions and/or charges: A. Total non -allowable assets from Statement of Financial Condition (Notes B and C) ................... $ 3.000.433 3540 B. Secured demand note deficiency • • • • • • • • • • • .. • . • • • • • • 3 990 C. Commodity futures contracts and spot commodities - proprietary capital charges ............... .. ...... ..... ..... 3600 D. Other deductions and/or charges ........... ... .. I ............ 3610 ( 3,000,433) 3620 7. Other additions and/or allowable credits (List) ...... I .... I ......... . ...... . ................... 3630 8. Net Capital before haircuts on securities positions ............................................. $ 6,221,017 06401 9. Haircuts on securities (computed, where appliicable, pursuant to 15c3-1(0) : A. Contractual securities commitments ......... • • • • • • . $ 3660 B. Subordinated securities borrowings .. • • • • • • • • . - - • ........ • • • • • • • • 3670 C. Trading and investment securities: 1. Exempted securities ......................................... 3735 2. Debt securities ............................................. 3733 3. Options ................................................. 3730 4. Other securities ............................................ 3734 D. Undue concentration ................... I ...... •... I...•.•••••• 3650 E. Other (List) ................................................. 3736 ( )3740 10. Net Capital ....................................................................... $ 6,221,017 3750 OMIT PENNIES Page 3 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2018-04-24 04:37PM EDT stares: A tea PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 03/31/18 COMPUTATION OF BASIC NET CAPITAL REQUIREMENT Part A 11. Minimum net capital required (6-2/3% of line 19) .... , ............................. $_ 167,032 3756 12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement 3758 of subsidiaries computed in accordance with Note (A) ............................................ $ 250 000 13. Net capital requirement (greater of line 11 or 12) .. • • • • • . • • • - $ 250,000 3760 14. Excess net capital (line 10 less 13) ............ .. I ......... .. , . • • • • • • • • • ... • • • • • • . • • • • $ 5.971 017 3770 15. Net capital less greater of 10% of line 19 or 120% of line 12 ......... .. • .. • • • $ 5 921 017 3780 COMPUTATION OF AGGREGATE INDEBTEDNESS 16. Total A.I. liabilities from Statement of Financial Condition ...................... ........ $ 2.505.472 3790 17. Add: A. Drafts for immediate credit • • • • . • $ 3800 B. Market value of securities borrowed for which no _ 3810 equivalent value is paid or credited $ C. Other unrecorded amounts (List) 3830 10. Total aggregate indebtedness $ 2,505,4 27 3840 20. Percentage of aggregate indebtedness to net capital (line 19 divided by line 10) .................... . . ... % 40-27 3850 21. Percentage of debt to debt -equity total computed in accordance with Rule 15c-3-1(d)...... .. - ...... % 64.22 38 00 COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT Part B 22.2% of combined aggregate debit items as shown in Formula for Reserve Requirements pursuant to Rule 15c3-3 prepared as of the date of net capital computation including both brokers or dealers and consolidated subsidiaries" debits ....................................... 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. Net capital in excess of the greater of: 5% of combined aggregate debit items or 120% of minimum net capital requirement ...................... 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 2.6-2/3% of aggregate indebtedness or 4% of aggregate debits if alternative method is used. (B) Do not deduct the value of securities borrowed under subordination agreements or secured demand notes covered by subordination agreements not in satisfactory form and the market values of the 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. Page 4 $ 3870 $ 3880 $ 3760 $ 3910 $ 3920 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR Status-. A24 pled M EDT Status: A ted PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from 01/01/18 3932 to 03/31/18 3933 Number of months included in this statement 3 3 331 REVENUE STATEMENT OF INCOME (LOSS) 1. Commissions: a. Commissions on transactions in exchange listed equity securities executed on an exchange ............. b. Commissions on listed option transactions ............................................. I ...... c. All other securities commissions .................................................. I ........ d. Total securities commissions............................................................ . 2. Gains or losses on firm securities trading accounts a. From market making in options on a national securities exchange ................... I ................ . b.From all other trading.................................................................. c. Total gain (loss) ..................................................... .......... I...... 3. Gains or losses on firm securities investment accounts • • • • • • • • • • • • • • • • • • ...... • • • • • • • • ... I ... • • • • • 4. Profits (losses) from underwriting and selling groups ................................... . .......... 5. Revenue from sale of investment company shares ............................... I ...... I ........ 6. Commodities revenue ................................................................... 7. Fees for account supervision, investment advisory and administrative services ............ I .............. . 8. Other revenue ........................................................................ 9. Total revenue ......................................................................... $ EXPENSES $ 3935 3938 599,449 3939 59g,"9 3940 10. Salaries and other employment costs for general partners and voting stockholder officers ... , ....... I ........ 1,840,417 4120 11.Other employee compensation and benefits ................................ . . ... . ... . 1,215,0864115 12. Commissions paid to other brokers -dealers .................................................... 140 13. Interest expense..................................................................... . 175,218 4075 a. Includes interest on accounts subject to subordination agreements ................. 4070 14. Regulatory fees and expenses............................................................. 4195 15. Other expenses ................................................... I .... I .... I ......... 1.489.880 4100 16. Total expenses ....................................................................... $ 4.720.6014200 NET INCOME 17. Net Income (loss) before Federal income taxes and items below (Item 9 less Item 16) .. $ (55,626) 42 00 18. Provision for Federal income taxes (for parent only) ............................... I .............. 4220 19. Equity in earnings (losses) of unconsolidated subsidiaries not included above .... , . , , , • , . • , , . , , • • , , , , , , • , 4222 a. After Federal income taxes of ............ 4238 20. Extraordinary gains (losses)............................................................. 4224 a. After Federal income taxes of ............. • • • • . • . • ............... • • • • • • . 4239 21. Cumulative effect of changes in accounting principles .......................... . .................. 4225 22. Net income (loss) after Federal income taxes and extraordinary items .................................. $ (55,626) 4230 MONTHLY INCOME 23. Income (current month only) before provision for Federal Income taxes and extraordinary items (19,2831 4211 Page 5 2018-04-24 04:37PM EDT FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT status: Aco d PART IIA �I BROKER OR DEALER CASTLEOAK SECURITIES, LP IIII For the period (MMDDYY) from 01/01/18 to 03/31/18 STATEMENT OF CHANGES IN OWNERSHIP EQUITY (SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION) 1. Balance, beginning of period " " " " " " " ' • • • .. $ 4,277,075 4240 A. Net income (loss) .............. ..............................I......,......_...--._... 55625 4250 B. Additions (includes non -conforming capital of .. . • • • • • • • • $ 42fi2 ) 4260 C. Deductions (includes non -conforming capital of .. .... ...... $ 4272 ) 4270 2. Balance, end of period (from item 1800) $ 4 221 450 4290 STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS 3. Balance, beginning of period • • • $ 5,000,00099 A. Increases , , ....... 4310 B.Decreases .......... ..... ....................... I ...... ._............... 4. Balance, end of period (from item 3520) - - - - - - - - $ 5 000 000 4330 OMIT PENNIES Page 6 FINANCIAL AND OPERATIONAL COMBINED'UNIFORM' SINGLE REPO RT 2018-04-24 04:37PM EDT PART I IA Status; Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP as of _ 03/31/18 Exemptive Provision Under Rule 15c3-3 25. If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based A. (k) (1) - Limited business (mutual funds and/or variable annuities only) ;; 4550 B. (k) (2) (1) - "Special Account for the Exclusive Benefit of customers" maintained ......................... x 4560 C. (k) (2) (ii) - All customer transactions cleared through another broker -dealer on a fully disclosed basis. Name(s) of Clearing Firm(s) - Please separate multiple names with a semi -colon Cantor Fitzgerald & Co.' PershingLLC 4335 x 4570 D. (k) (3) - Exempted by order of the Commission....................................................... 4580 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 Proposed Withdrawal or Amount to be with- (MMDDW) Expect Accrual Insider or drawn (cash amount Withdrawal to (See below for Outsider ? and/or Net Capital or Maturity Renew code to enter) Name of Lender or Contributor (In or Out) Value of Securities) Date (Yes or No) 4600 4601 ` _ 6 22 4603 4604 4605 4610 4611 476172 4613 4614 4615 4620 4621 4622 623 4624 4625 4630 4631 4632 4633 4634 4635 4640 4641 4642 4643 4644 4645 4650 4651 4652 4653 4654 4655 4660 4661 662 4663 4664 46 55 4670 4671 4672 4 773 4 774 4675 4680 46Ei1 682 4683 Wj 4685 4690 4691 4692 693 4694 46 55 TOTAL $ 4699 OMIT PENNIES 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: DESCRIPTION 1. Equity Capital 2. Subordinated Liabilities 3. Accruals 4. 15c3-1(c) (2) (iv) Liabilities Page 7 UNITED STATES SECURITIES AND EXCHANGE COMMISSION FOCUS REPORT FORM (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) X-17A-5 PART IIA 12 (Please read instructions before preparing Form) 2018-01-25 03:25PM EST ,Status.Accepted This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a) X �6 2) Rule 17a-5(b) 17 3) Rule 17a-11 18 4) Special request by designated examining authority 19 5) Other 26 NAME OF BROKER -DEALER SEC. FILE NO. CASTLEOAK SECURITIES. LP 13 ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.) 110 EAST 59TH STREET, 2ND FLOOR (No. and Street) NEWYORK (City) El NY 22 (State) 20 10022 1251 (Zip Code) 8-65786 14 FIRM ID NO. 125334 15 FOR PERIOD BEGINNING (MM/DD/YY) 10/01/17 1H AND ENDING (MM/DD/YY) 12/31/17 NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT(Area code) -Telephone No. Philip Ippolito NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS 30 REPORT 25. (212) 829-4788 31 OFFICIAL USE 32 33 F341 35 36 37 38 39 DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ? YES 40 NO X 41 CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT 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 submisson of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. Dated the day of Manual Signatures of: 1) 2) 3) Principal Executive Officer or Managing Partner Principal Financial Officer or Partner Principal Operations Officer or Partner 20 ATTENTION - Intentional misstatements or omissions of facts constitute Federal Criminal Violations. (See 18 U.S.C. 1001 and 15 U.S.C. 78:f (a) ) FINRA FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2018-01-25 03:25PM EST PART I IA Status: Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP N 3 I I I I I I 100 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS as of (MM/DD/YY) 12/31/17 99 SEC FILE NO. 8-65786 98 Consolidated = 998 Unconsolidated 0 199 ASSETS Allowable Non -Allowable Total 1. Cash $ 2,632 300 1220 $ 2,632,30057750 2. Receivables from brokers or dealers: A. Clearance account 5 993 989 295 B. Other ................................ 300 $ 550 6 993 989 810 3. Receivables from non -customers 355 600 830 4. Securities and spot commodities owned, at market value: A. Exempted securities ......................... 418 419 B. Debt securities ........................ • • • • • 420 C.Options ............................... D. Other securities ......................... • • 424 430 E. Spot commodities 5. Securities and/or other investments not readily marketable: A. At cost $ 130 440 B. At estimated fair value ..................... 6. Securities borrowed under subordination agreements 610 856 8 670 and partners individual and capital securities accounts, at market value: 460 630 880 A. Exempted securities $ B. Other securities $ 160 7. Secured demand notes: ....... 470 640 890 Market value of collateral: A. Exempted securities $ 170 B. Other securities $ 180 8. Memberships in exchanges: A. Owned, at market $ 190 B. Owned, at cost .............................................. C. Contributed for use of the company, at market value .............................................. 9. Investment in and receivables from affiliates, subsidiaries and associated partnerships ....................... 480 10. Property, furniture, equipment, leasehold improvements and rights under lease agreements, at cost -net 5,322 F6770 5,322 910 of accumulated depreciation and amortization. 490 66 158 680 66.158 920 ............. 11. Other assets ....... , . . - - - - • • 382 411 535 2,447 972 735 2,83383 930 ...... 12. Total Assets • • • • • • • • • • • • • • • • • • • $ 10.008.70015401 $ 2,519 452 740 $ 12 528 152 19401 Page 1 OMIT PENNIES FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2018 01-25 0325PM EST S t s: Acce red PART IIA BROKER OR DEALER as of 12/31/17 CASTLEOAK SECURITIES, LP STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS LIABILITIES AND OWNERSHIP EQUITY A.I. Non-A.I. Total Liabilities Liabilities Liabilities 13. Bank loans payable ................. $ 1045 $ 1255 $ 1470 14. Payable to brokers or dealers: A. Clearance account ........... ............ 1114 1315 1560 B.Other ........................ ........ 1115 1305 1540 15. Payable to non -customers ..... .. • ... • • . • 115 1355 1610 16. Securities sold not yet purchased, at market value ............. . • • • • 1360 1620 17. Accounts payable, accrued liabilities, expenses and other I .................... I .... 3 140.040 1205 1385 3,140,040 1685 18. Notes and mortgages payable: A. Unsecured 1210 1690 B.Secured ................. I ........ . ---•• 1211 1390 1700 19. Liabilities subordinated to claims of general creditors: . • • • . 5 000.000 1400 5 000 000 1710 A. Cash borrowings: 1. from outsiders $ 770 2. Includes equity subordination (15c3-1(d)) Of ...... $ F9801 B. Securities borrowings, at market value 1410 1720 from outsiders $ g90 C. Pursuant to secured demand note collateral agreements ........ . .............. 1420 1730 1. from outsiders $ 1000 2, includes equity subordination (15c3-1(d)) Of ...... $ 1 110 D. Exchange memberships contributed for use of company, at market value 1430 1740 E. Accounts and other borrowings not qualified for net capital purposes 1220 1440 1750 20. TOTAL LIABILITIES ......... . $ 3,140,040 1230 $5000 000 1450 $ 8,140.040 17670 Ownership Equit __ 21. Sole proprietorship ..... • • $ 1770 22. Partnership (limited partners) ................... $ 1020 4388,112 1780 23. Corporation: A. Preferred stock ................... ....................... , ....... I ............... 1791 B. Common stock ................. ..... ....................... ........... I ... ......... 1792 C. Additional paid -in capital.............................................................. 1793 D. Retained earnings ............................................. I .... I ............... 17g E.Total....................... .............. ............................ I ..... .... 1795 F Less capital stock in treasury .......... . .......................... ................. ( ) 1796 24. TOTAL OWNERSHIP EQUITY ............. ............................................ $ 4,38B,112 18o0 25. TOTAL LIABILITIES AND OWNERSHIP EQUITY ........... • • • • ............ • ... • • " • • • • . $ 121528 152 18 00 OMIT PENNIES Page 2 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR 2018-01-25 03:25PM EST s� Acce ted PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 12/31 COMPUTATION OF NET CAPITAL 1. Total ownership equity from Statement of Financial Condition .... • • • • • • . • • • - • • • • • • - • • • • $ 4.388,112 34 00 2. Deduct ownership equity not allowable for Net Capital ............ I ...... I .......... I ... I ...... ( ) IL4g 3. Total ownership equity qualified for Net Capital .......................... 4,388 1.12 3500 4. Add: A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ............... 5,000,000 3520 B. Other (deductions) or allowable credits (List) ............ I ...... I ...... I ............... 35 55 5. Total capital and allowable subordinated liabilities .................. . ............... I ........ , .. $ 9.388,112 3530 6. Deductions and/or charges: A. Total non -allowable assets from B C) $ 2.519,452 3540 Statement of Financial Condition (Notes and ............... 3590 B. Secured demand note deficiency .......... • • .. • • • .... • . • . • ... • . • • C. Commodity futures contracts and spot commodities - proprietary capital charges ................. . ................... 3600 D. Other deductions and/or charges ............. ... _ ........... 3610 ( 2519,452) 3620 7. Other additions and/or allowable credits (List) • .. • • • • • • • • • • • • • • • • . • • $ 3630 8. Net Capital before haircuts on securities positions ............. ... .......................... 6.868,660 136401 9. Haircuts on securities (computed, where appliicable, pursuant to 15c3-1(0) : 3660 A. Contractual securities commitments ..... • . • • • • - - - ...... • • • • • • • • • • B. Subordinated securities borrowings ... • • • • • • • .. • . • • ..... • • • • • • • • • _ 3670 C. Trading and investment securities: 1. Exempted 3735 securities ........................... I ............. 2. Debt securities ............................................. 3733 3. Options ................................................ 3730 4. Other securities ........................................ .. 3734 D. Undue concentration ................... . .. • ..... • ........ _ 3650 3736 13740 E. Other (List) ................................................. 10. Net Capital ........................ ............ ....... I ...... ..................... $ 6,868,660 3750 OMIT PENNIES Page 3 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT p2018-01-25 03:25PM EST PART IIA �Sta[us-Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 12/31/17 COMPUTATION OF BASIC NET CAPITAL REQUIREMENT Part A 11. Minimum net capital required (6-2/3% of line 19) ....... .... ..... $ 209.336 3756 12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) ............................................ 5 250,000 3758 13. Net capital requirement (greater of line 11 or 12) ......................................... .... . $ 250,000 37 00 14. Excess net capital (line 10 less 13) .......................... .... $ 6,616,660 3770 15. Net capital less greater of 10% of line 19 or 120% of line 12.......................................... 5 6,554 656 3780 COMPUTATION OF AGGREGATE INDEBTEDNESS 16. Total A.I. liabilities from Statement of Financial Condition .................. . . . $ 3,140.04019 7 90 17. Add: A. Drafts for immediate credit .................. • •............. • • • • • • . $ 38 070 B. Market value of securities borrowed for which no equivalent value is paid or credited .............. • • • • • • ............. • . $+ 3810 C. Other unrecorded amounts (List) .................................... . $ 38 00 19. Total aggregate indebtedness.......................................................... . 20. Percentage of aggregate indebtedness to net capital (line 19 divided by line 10) ..... ................... % 21. Percentage of debt to debt -equity total computed in accordance with Rule 15c-3-1(d) .................. % COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT Part B 22.2% of combined aggregate debit items as shown in Formula for Reserve Requirements pursuant to Rule 15c3-3 prepared as of the date of net capital computation including both brokers or dealers and consolidated subsidiaries' debits 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).................................................... I— $ 3830 $ _ _3 140,040 3840 45.72 3850 53.26 3860 J3870 3880 3760 39 00 26. Net capital in excess of the greater of: 5% of combined aggregate debit items or 120% of minimum net capital requirement $ 3920 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 2.6-2/3% of aggregate indebtedness or 4% of aggregate debits if alternative method is used. (B) Do not deduct the value of securities borrowed under subordination agreements or secured demand notes covered by subordination agreements not in satisfactory form and the market values of the 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. Page 4 2018-01-25 03:25PM EST FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR g u : Arse ed PART IIA LCBROKER OR {SEALER ASTLEOAK SECURITIES, LP For the period (MMDDYY) from 10/01/17 3932 to 12/31/17 31 n Number of months included in this statement 3 3931 REVENUE STATEMENT OF INCOME (LOSS) 1. Commissions: a. Commissions on transactions in exchange listed equity securities executed on an exchange ............. . b. Commissions on listed option transactions .................................... . ....... . ...... . c. All other securities commissions .................................................. . ....... . d. Total securities commissions .............................................. ............. . 2. Gains or losses on firm securities trading accounts a. From market making in options on a national securities exchange .................................... . b.From all other trading.................................................................. c. Total gain (loss) .................................... .... I ........ ................... .. 3. Gains or losses'on firm securities investment accounts 4. Profits (losses) from underwriting and selling groups .......... I ......................... . ...... . . 5. Revenue from sale of investment company shares .............................................. . 6. Commodities revenue .................................................... ....... I ...... I 7. Fees for account supervision, investment advisory and administrative services ............... . ........... . 8. Other revenue ........................................................................ 9. Total revenue ...................................................I— .................. EXPENSES 10. Salaries and other employment costs for general partners and voting stockholder officers ........ ....... _ .. . 11.Other employee compensation and benefits ................................................... . 12. Commissions paid to other brokers -dealers ................................ I .................. . 13. Interest expense ...................................................................... a. Includes interest on accounts subject to subordination agreements 4070 14. Regulatory fees and expenses............................................................ . 15. Other expenses .................................................. I.................... 16. Total expenses ....................................................................... NET INCOME 17. Net Income (loss) before Federal income taxes and items below (Item 9 less Item 16) ....................... . 18. Provision for Federal income taxes (for parent only) .................... . 19. Equity in earnings (losses) of unconsolidated subsidiaries not included above ............................ . 4238 $ 3935 3938 449,141 3939 449,141 3940 3W5 1,764,605 3949 1,764,60559 3952 1,496.018 955 3970 3990 258.234 3975 396,713 995 $ 4 364 711 030 1,050,512P125 1,279,96S 4115 4140 169,903 4075 4195 _ 1,634,7124100 $ 4,135,095W2070 $ 229 616 210 4220 4222 a. After Federal income taxes of • • 20.Extraordinary gains (losses) ............................................................. 4224 a. After Federal income taxes of ...................................... • • ... 4239 21. Cumulative effect of changes in accounting principles ................... ... 42 55 22. Net income (loss) after Federal income taxes and extraordinary items ... $ 229,616 4230 MONTHLY INCOME 23. Income (current month only) before provision for Federal Income taxes and extraordinary items ................ 153.048 42 11 Page 5 2018-01-25 03:25PM EST FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT Statue Accepted J PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from 10/01/17 to 12/31/17 STATEMENT OF CHANGES IN OWNERSHIP EQUITY (SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION) 1. Balance, beginning of period ............ . . ....... ........ $ 4,158,496 4240 A. Net income (loss) .................................................................... 229,616 4250 B. Additions (includes non -conforming capital of ..................... $ a262 ] 4260 C. Deductions (includes non -conforming capital of ........................... $ 4272 ) 4270 2. Balance, end of period (from item 1800) ............... $ 4,388,112 4290 STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS 3. Balance, beginning of period .. . .... . . . . . .. ... ......... . , , , . .. .... .... $ 5,000,000 4300 A. Increases . ........... . 4310 B.Decreases....................................................................... 4320 4. Balance, end of period (from item 3520) ............. . . . .. . . . .................. . . . ... . ........ $ 5,000,000 4330 OMIT PENNIES Page 6 FINANCIAL AND OPERATIONAL COMBINED'UNIFORM' SINGL' E REPORT 2018-01-25 03:25PM EST PART IIA Status: Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 12/31/17 Exemptive Provision Under Rule 15c3-3 25. If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based A. (k) (1) - Limited business (mutual funds and/or variable annuities only) $ 4550 B. (k) (2) (i) - "Special Account for the Exclusive Benefit of customers" maintained .............................. X 560 C. (k) (2) (ii) - All customer transactions cleared through another broker -dealer on a fully disclosed basis. Name(s) of Clearing Firm(s) - Please separate multiple names with a semi -colon Cantor Fitzgerald & Ca; Pershing LLC 4335 x 4570 D. (k) (3) - Exempted by order of the Commission ....... ................................ ......... . . .. 45 00 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 Proposed Withdrawal or Amount to be with- (MMDDYY) Expect Accrual Insider or drawn (cash amount Withdrawal to (See below for Outsider ? and/or Net Capital or Maturity Renew code to enter) Name of Lender or Contributor (In or Out) Value of Securities) Date (Yes or No) 4600 4601 4602 4 003 4604 4605 4610 4611 4612 _ 613 476174 46 55 4620 4621 4622 4623 4624 4625 4630 4631 4632 4633 ® 4635 4640 4641 4642 4643 4644 4645 4650 4651 652 4653 WER 4655 476670 4661 4662 4663 664 _ 4665 4670 4671 4672 4673 46 44 4675 �45sD 4681 4682 83 684 4685 4690 4691 4 992 693 4694 _ 4695 TOTAL $ 4699 OMIT PENNIES 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: DESCRIPTION 1. Equity Capital 2. Subordinated Liabilities 3. Accruals 4. 15c3-1(c) (2) (iv) Liabilities Page 7 UNITED STATES 2017-10-25 05:24PM EDT SECURITIES AND EXCHANGE COMMISSION %a us: Accepted FOCUS REPORT FORM (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) X-17A-5 PART IIA 12 (Please read instructions before preparing Form) This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a) X 16 2) Rule 17a-5(b) 17 4) Special request by designated examining authority FIE 5) NAME OF BROKER -DEALER CASTLEOAK SECURITIES. LP 3 _ ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.) 110 EAST 59TH STREET, 2ND FLOOR 20 (No. and Street) NEWYORK 21 NY F221 10022 23 (City) (State) (Zip Code) 3) Rule 17a-11 18 Cher 26 SEC. FILE NO. 8-65786 1'ti FIRM ID NO. 125334 15 FOR PERIOD BEGINNING (MM/DD/YY) 07/01 /17 241 AND ENDING (MM/DD/YY) 09/30/17 NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT(Area code) -Telephone No. Philip 1polito 30 (212) 829-4788 31 NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT OFFICIAL USE 32 33 34 35 - 36 37 38 39 DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ? YES 47o NO X 41 CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT 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 submisson of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. 1 Dated the day of 20 _ Manual Signatures of: 1) — Principal Executive Officer or Managing Partner 2) - Principal Financial Officer or Partner 3) Principal Operations Officer or Partner ATTENTION - Intentional misstatements or omissions of facts constitute Federal Criminal Violations. (See 18 U.S.C. 1001 and 15 U.S.C. 78:f (a) ) FINRA FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2017-10-25 05:24PM EDT PART I IA Status: Arce ad BROKER OR DEALER CASTLEOAK SECURITIES, LP N 3 I I I I I I I 100 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS ASSETS Allowable as of (MM/DD/YY) SEC FILE NO. Consolidated Unconsolidated Non -Allowable 1.Cash.................................. $ 1,937,795 200 2. Receivables from brokers or dealers: A. Clearance account ...................... 7,397 537 295 B. Other ................................ 300 $ 55Q 3. Receivables from non -customers ............... 355 6QQ 4. Securities and spot commodities owned, at market value: A. Exempted securities ......................... 418 B. Debt securities ...........................• 419 C.Options ............................... 420 D. Other securities ........................ • • • 424 E. Spot commodities .......................... 430 5. Securities and/or other investments not readily marketable A. At cost $ 130 B. At estimated fair value 6. Securities borrowed under subordination agreements and partners' individual and capital securities accounts, at market value: A. Exempted securities $ 150 B. Other securities $ 161 440' 460 610 09/30/17 99 8-65786 98 F= 198 I_X-1 199 Total $ 1.937,795 F750 7,397,537 810 830 850 860 630 aa0 7. Secured demand notes: ... .. . ............. 470 64Q 89Q Market value of collateral: A. Exempted securities $ 170 B. Other securities $ 180 8. Memberships in exchanges: A. Owned, at market $ 190 650 B. Owned, at cost .............................................. C. Contributed for use of the company, 660 900 at market value .........................•................... 9. Investment in and receivables from affiliates, subsidiaries and associated partnerships ............... . ...... . 484 843 67Q 843 910 10. Property, furniture, equipment, leasehold improvements and rights under lease agreements, at cost -net of accumulated depreciation 490 70,550 F680 70,550 920 and amortization. ................ 11. Other assets ................ .......... . . . . . . .. 493,189 R35 3,053,569 F751 3,546,758 930 12. Total Assets • • • • • • • • • • • • • • • • • • • • • $ 9,828.521 540 $ 3,124,962 740 $ 12 9953 483 19401 Page 1 OMIT PENNIES FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2017-10-25 05:24PM EDT PART I IA Status- Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 09/30/17 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS LIABILITIES AND OWNERSHIP EQUITY A.I. Non-A.I. Total Liabilities Liabilities Liabilities 13. Bank loans payable ........... .............. $ 1046 $ 1255 $ 1470 14. Payable to brokers or dealers: A. Clearance account .................. . . . . . . 1 114 1315 1560 B. Other ................................. 1115 1305 1540 15. Payable to non -customers ..................... 1155 1355 1610 16. Securities sold not yet purchased, at market value ........... 1360 1620 17. Accounts payable, accrued liabilities, expenses and other ........... I ............. 3,794,988 1205 1385 3,794,988 1685 18. Notes and mortgages payable: A. Unsecured ................. . .......... 1210 169 B. Secured .................... .... 172171 1390 1700 19. Liabilities subordinated to claims of general creditors: A. Cash borrowings: ........ ............... 5,000,000 4400 5,000,000 1710 1. from outsiders $ F 970 2. Includes equity subordination (15c3-1(d)) of ...... $ 980 B. Securities borrowings, at market value 1410 1720 from outsiders $ 990 C. Pursuant to secured demand note collateral agreements ..... . . . ......... . ... 1420 1730 1, from outsiders $ 1000 2. includes equity subordination (15c3-1(d)) of ...... $ 1010 D. Exchange memberships contributed for use of company, at market value 1430 1740 E. Accounts and other borrowings not qualified for net capital purposes 1220 1440 1750 20. TOTAL LIABILITIES ............ . .... . ..... $ 3 794,$88 F230 $ 5,000,000 1450 $ 8,794,988 1760 Ownership Equity 21. Sole proprietorship ................. ..... ............................................. $ 1770 22. Partnership (limited partners) ................... $ 1020 4,158,495 1780 23. Corporation: A. Preferred stock ............................ . ................... ........ , ........ 1791 B. Common stock .................................................. .................. 7792 C. Additional paid -in capital ............ I ................................................. 1793 D.Retained earnings ................ ........ ,.... ,.............. ,...... ,...... ,....... 1794 E.Total............................................................................. 1795 F. Less capital stock in treasury ........ ............................ I ..................... F17% 24.TOTAL OWNERSHIP EQUITY........... ..............................I...............$ 4,158,495 1800 25. TOTAL LIABILITIES AND OWNERSHIP EQUITY ................. , ...... I , ............. , :..... $ 12,953,483 1810 OMIT PENNIES Page 2 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR 2017-10-25 05:24PM EDT Status: Accepted, PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 09/30/17 COMPUTATION OF NET CAPITAL 1. Total ownership equity from Statement of Financial Condition - • $ 2 D d t hi'ty not allowable for Net Capital . e uc owners p e%4 3. Total ownership equity qualified for Net Capital . • • 4. Add: A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ............... B. Other (deductions) or allowable credits (List) .... • . • • • • • • 5. Total capital and allowable subordinated liabilities .... • • • . .. • • • ......... 6. Deductions and/or charges: A. Total non -allowable assets from $ 3540 Statement of Financial Condition (Notes B and C) ..... • • • • • • • • • 3,124962 B. Secured demand note deficiency ... • • • • • • • • • • • • • . 35 00 C. Commodity futures contracts and spot commodities- - rietar ca ital charges .. - - - - • • • • • • • . • • ...... • • • 3600 4,158,495 34 00 1 3490 4.158.495 3500 5.00G,OOG 3520 3525 $ 9,158.495 3530 p p y p ............ D. Other deductions and/or charges ................................. 3610 ( 3.124,962) 3620 7.Other additions and/or allowable credits (List) ... 3630 8. Net Capital before haircuts on securities positions ...................... • ..... • • • • . • • • • • • $ 6 033 533 3640 9. Haircuts on securities (computed, where appliicable, pursuant to 15c3-1(f)) : A. Contractual securities commitments .. • • • • • • • • • • • • • • . • • • .. • • • • • • • • . $ 3660 B. Subordinated securities borrowings ....... • • . • • • • . • • • • .. • • • . • • • • • 3670 C. Trading and investment securities: 1. Exempted securities ................................ . ........ 3735 2. Debt securities ..................... .............. I ...... ... 3733 3. Options ................................................. 3730 4. Other securities ............................................ 3734 D. Undue concentration ................ • • • I ..... • • • • • . ...... • . 3650 E. Other (List) .......................... • • 47 598 3736 f 47,598 1 3740 10. Net Capital ........................................... ................. $ 5,985 935 137501 OMIT PENNIES Page 3 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2017-10-25 05:24PM EDT Status: Acce Accepted PART IIA F_ BROKER OR DEALER LCASTLEOAK SECURITIES, LP as of _ 09/30/17 COMPUTATION OF BASIC NET CAPITAL REQUIREMENT Part A 11. Minimum net capital required (6-2/3% of line 19) ..................... .. • • • • • • • • • • • • • • • • 3756 $ _ 252,999 12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) $ 250_.00O 3758 13. Net capital requirement (greater of line 11 or 12)............................................. - .. $ 252,999 3760 14. Excess net capital (line 10 less 13) . $ 5,732,936 3770 15. Net capital less greater of 10% of line 19 or 120% of line 12.......................................... S .606 436 3780 COMPUTATION OF AGGREGATE INDEBTEDNESS 16. Total A. I. liabilities from Statement of Financial Condition $ 3.794,988 3 zol- 17. Add: A. Drafts for immediate credit .............................. " " " ' $ 38001 B. Market value of securities borrowed for which no equivalent value is paid or credited • • • • • • • • • • • • • " " $ 3810 C. Other unrecorded amounts (List) ................................. . ... $ 3820 $ 3830 19. Total aggregate Indebtedness ............ ................... I ............................ $ 3 794 988 3840 20. Percentage of aggregate indebtedness to net capital (line 19 divided by line 1D) ........................ . % 63.40 3850 21. Percentage of debt to debt equity total computed in accordance with Rule 15c-3-1(d) - . - - - - % 54,59 3860 COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT Part B 22.2% of combined aggregate debit items as shown in Formula for Reserve Requirements pursuant to Rule 15c3-3 prepared as of the date of net capital computation including both brokers or dealers and consolidated subsidiaries debits ..................................... . . . . $ 3870 23. Minimum dollar net capital requirement of reporting broker or denier and minimum net capital requirement of subsidiaries computed in accordance with Note (A) ................................. 3760 24. Net capital requirement (greater of line 22 or 23)............................................... $ 3760 25. Excess net capital (line 10 less 24) $ 39 00 26. Net capital in excess of the greater of: 5% of combined aggregate debit items or 120% of minimum net capital requirement .................. . $ 3920 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: Minimum dollar net capital requirement, or 2.6-2/3% of aggregate indebtedness or 4% of aggregate debits if alternative method is used. (B) De riot deduct the value of securities borrowed under subordination agreements or secured demand notes covered by subordination agreements not in satis;actory form and the market values of the 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. Page 4 2017- 00-25 05:24PM EDT FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR us: Aoce ted PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from o 710 1 / i 3932 to 09/30/17 3933 Number of months included in this statement 3 3931 REVENUE STATEMENT OF INCOME (LOSS) 1. Commissions: a. Commissions on transactions in exchange listed equity securities executed on an exchange $ 3935 b. Commissions on listed option transactions .................................. 3938 c. All other securities commissions........................................................... 456,0415393 d. Total securities commissions ........................................ I .................... 456,041 3940 2. Gains or losses on firm securities trading accounts a. From market making in options on a national securities exchange ..................................... 3949 b. From all other trading.................................................................. 2r008,31 349 c. Total gain (loss)...................................................................... 2,008 319 3950 3. Gains or losses on firm securities investment accounts • • • • • • • • • • • • • • • • • • • • • • • .. • • • • • • • • • • ' ' ' • ' ' • . • 3952 4. Profits (losses) from underwriting and selling groups ............................ I ........ .... • • • 2 466 897 3955 5. Revenue from sale of investment company shares ................ • • • .. • • • • • . • • • • • • - - • • 3970 6. Commodities revenue ................................................ 3990 7. Fees for account supervision, investment advisory and administrative services 3975 8.Other revenue 352 797 3995 ........................................................... 9. Total revenue ......................................................................... $ 5,284,054 4030 EXPENSES 10. Salaries and other employment costs for general partners and voting stockholder officers ::........... 1,975 549 4120 11. Other employee compensation and benefits 1,384.674 4115 12. Commissions paid to other brokers -dealers 140 .................................................... ........... 13. Interest expense ................................................... 118 775 075 a. Includes interest on accounts subject to subordination agreements ................. 4070 14. Regulatory fees and expenses ........................................... . . 4195 15.Other expenses 1,838 018 4100 .................................................... 16. Total expenses .................................................. I ..... ........... .... $ 5,317,016 20 NET INCOME 17. Net Income (loss) before Federal income taxes and items below (Item 9 less Item 16) $ (32,9"24210 18. Provision for Federal income taxes (for parent only) .............................................. 142201 19. Equity in earnings (losses) of unconsolidated subsidiaries not included above ...... ........... 222 a. After Federal income taxes of • • • • • • - • • • • • ........................ • • • • . 42 88 20. Extraordinary gains (losses)...................................................... . ...... 4224 a. After Federal income taxes of - • • • • - - - • • • • .................. • • • • • • 4239 21. Cumulative effect of changes in accounting principles ..................... . ... ..... 4225 22. Net income (loss) after Federal income taxes and extraordinary items ........ . ... .. $ (32,962) 4230 MONTHLY INCOME 23. Income (current month only) before provision for Federal Income taxes and extraordinary items ............... (154,303) P 11 Page 5 2017-10-25 05:24PM EDT FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT Status: Accepted PART IIA FCBROKER OR DEALER ASTLEOAK SECURITIES, LP For the period (MMDDYY) from 07/01/17 to 09130/17 STATEMENT OF CHANGES IN OWNERSHIP EQUITY (SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION) 1. Balance, beginning of period .......... ... .... .. .................. ..... ............. $ 4,191,457 4240 A. Net income (loss) . ............. (32,962) 4250 B. Additions (includes non -conforming capital of . . . .... . ............. $ 4262 ) 4250 C. Deductions (includes non -conforming capital of $ 4272 ) 4270 2. Balance, end of period (from item 1800) • • • • • • • • • • • • • • • • • • • • . • . • • $ 4,158,495 4290 STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS 3. Balance, beginning of period ..... . ...... . . . ...... ...... ...... ........ .... $ 5-000,000 4300 A. Increases ................ .. ... ... .. ....... 4310 B.Decreases ................. ............. 4320 4. Balance, end of period (from item 3520) $ 5.000,000 4330 OMIT PENNIES Page 6 FINANCIAL AND OPERATIONAL COMBINED'UNIFORM' SINGLE REPORT PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP 12017-10-25 05:24PM EDT Status:. Amsted as of 09/30/17 Exemptive Provision Under Rule 15c3-3 25. If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based . A. (k) (1) - Limited business (mutual funds and/or variable annuities only) $ 45 00 B. (k) (2) (i) - "Special Account for the Exclusive Benefit of customers" maintained .............................. x 45 00 C. (k) (2) (ii) - All customer transactions cleared through another broker -dealer on a fully disclosed basis. Name(s) of Clearing Firm(s) - Please separate multiple names with a semi -colon Cantor F Lerald & Co.: Pershing LLC 4335 4570 D. (k) (3) - Exempted by order of the Commission..................................................... .... 4580 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 Proposed Withdrawal or Amount to be with- (MMDDYY) Expect Accrual Insider or drawn (cash amount Withdrawal to (See below for Outsider ? and/or Net Capital or Maturity Renew code to enter) Name of Lender or Contributor (In or Out) Value of Securities) Date (Yes or No) 4600 4601 4602 603 46 44 _ 46 55 910 4611 4612 4613 4614 4615 g620 4621 4622 623 4624 4 225 4630 4631 4632 4633 4634 4635 4&a}0 4641 4642 4643 4644 4645 4650 4651 652 653 4654 4 555 4660 4661 4662 4663 4664 4665 4870 4B71 4672 4673 4674 4675 4680 4681 4682 4683 4684 4685 4690 4691 6 22 4693 4694 4695 TOTAL $ 4699 OMIT PENNIES 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 rr.orth 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: DESCRIPTION 1. Equity Capital 2. Subordinated Liabilities 3. Accruals 4. 15c3-1(c) (2) (iv) Liabilities Page 7 UNITED STATES SECURITIES AND EXCHANGE COMMISSION FOCUS REPORT FORM (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) X-17A-5 PART IIA 12 (Please read instructions before preparing Form) This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a) X 16 2) Rule 17a-5(b) 17 4) Special request by designated examining authority 19 5) NAME OF BROKER -DEALER CASTLEOAK SEC LJRMES, LP 13 ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.) 110 EAST 59TH STREET 2ND FLOOR 20 (No. and Street) 1,1TIATWUSIVO (City) 2017-07-26 02:43PM EDT Status- Accepted 3) Rule 17a-11 18 Cher FT26 SEC. FILE NO. 8-65786 14 FIRM ID NO. 125334 15 FOR PERIOD BEGINNING (MM/DD/YY) 04/01/17 1241 AND ENDING (MM/DD/YY) 21 NY 22 10022 23 06/30/17 (State) (Zip Code) NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT(Area code) -Telephone No. Philip IppPlitO 30 NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT 32 36 38 DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ? CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT (212) 829-4788 31 OFFICIAL USE 33 35 37 39 YES 40 NO X 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 submisson of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. Dated the day of 20 Manual Signatures of: 1) Principal Executive Officer or Managing Partner 2) Principal Financial Officer or Partner 3) _ Principal Operations Officer or Partner ATTENTION - Intentional misstatements or omissions of facts constitute Federal L I Criminal Violations. (See 18 U.S.C. 1001 and 15 U.S.C. 78:f (a) ) 1 FINRA FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2017-07-26 02:43PM EDT PART I IA Status: Acre ted BROKER OR DEALER CASTLEOAK SECURITIES, LP N� I I I I I I 1 00 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS as of (MM/DD/YY) 06/30/17 99 SEC FILE NO. 8-65786 98 Consolidated F-1 198 Unconsolidated C 199 ASSETS Allowable 1. Cash ................................... $ 1 644193 200 2. Receivables from brokers or dealers: 7 286,402 �96 A. Clearance account .................. • • • • • _ 192,162 300 $ B. Other ................................ 355 3. Receivables from non -customers ............... 4. Securities and spot commodities owned, at market value: A. Exempted securities ......................... 418 419 B. Debt securities ........................ • • • • • C.Options ............................... 424 D. Other securities ......................... • • 430 E. Spot commodities .......................... 5. Securities and/or other investments not readily marketable: A At cost $ 130 Non -Allowable Total $ 1,644 2293 750 550 7,479 564 810 600 _ 830 B. At estimated fair value ® 610 6. Securities borrowed under subordination agreements and partners' individual and capital securities accounts, at market value: A. Exempted securities $ 150 B. Other securities $ 1T 6 850 860 460 630 880 7. Secured demand notes: ...... . ..... 470 640 Market value of collateral: A. Exempted securities $ 17D' B. Other securities $ 180 8. Memberships in exchanges: A. Owned, at market $ 190 B. Owned, at cost .............................................. C. Contributed for use of the company, at market value .............. .. ...................... . 9. Investment in and receivables from affiliates, subsidiaries and associated partnerships ....................... 10. Property, furniture, equipment, leasehold improvements and rights under lease agreements, at cost -net 900 F4870 191 670 191 910 of accumulated depreciation and amortization. 490 77 161 Frwal 77.161 920 11.Other assets .. • 666758 535 3,010 298 735 3,677.056 930 12. Total Assets • • • • • • • • • • . • • • . • • • • 5 9,789 615 540 $ 3_087,650 740 5 12.877,265 940 Page 1 OMIT PENNIES FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2017-07-26 02:43PM EDT PART IIA status: Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 06130117 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS LIABILITIES AND OWNERSHIP EQUITY A.I. Non-A.I. Total Liabilities Liabilities Liabilities 13. Bank loans payable ................. .. $ 1045 $ 1255 $ 1 770 14. Payable to brokers or dealers: 11 44 1315 15 00 A. Clearance account ............ . . . . . . . ..... 1115 1305 1540 B. Other .................... 15. Payable to non -customers ..... ............... 1155 _ 1355 1610 16. Securities sold not yet purchased, 1364 1620 at market value ... • • • • • • • • . 17. Accounts payable, accrued liabilities, 1205 1385 3`a5,808 1685 expenses and other ......... .... .... 3 685,808 18. Notes and mortgages payable: 1210 1690 A. Unsecured ...............--------- 1211 1390 17 070 B. Secured .................. . . . ....... . . .. 19. Liabilities subordinated to claims of general creditors: 5,aop_,000 1400 g pn0,p00 1710 A. Cash borrowings: ............... ......... _ 1. from outsiders $ Iff 2. Includes equity subordination (15c3-1(d)) of ...... $ 980 B. Securities borrowings, at market value 1410 1720 from outsiders $ 990 C. Pursuant to secured demand note 1420 1730 collateral agreements .................... .. 1. from outsiders $ 1000 2. includes equity subordination (15c3-1(d)) of ...... $ 10 170 D. Exchange memberships contributed for 1430 1740 use of company, at market value .............. E. Accounts and other borrowings not 1220 1440 1750 qualified for net capital purposes ........... 20. TOTAL LIABILITIES ....................... $ 3,6.85 808 1230 $ 5 000 000 1450 $ 8,685,808 1760 _Ownership Equity 21. Sole proprietorship............................................................... $ 1 220 1770 4,191,457 1780 22. Partnership (limited partners) ................... 23. Corporation: 17 11 A. Preferred stock ................. ....... • , ........... 1792 B. Common stock ................. ....... ............ ................ I................ 1793 C. Additional paid -in capital .......... . ................................................... 1794 D. Retained earnings ............................... I . ,................................ 17 55 E. Total ..................................... ...................................... • ( 1 1796 F Less capital stock in treasury .... - • - • • • • - - ...... • . .. • • • • - - ........ I I ................ $ 1800 24. TOTAL OWNERSHIP EQUITY ................................................ . ........ $ 4,191 457 12,877,265 1810 25. TOTAL LIABILITIES AND OWNERSHIP EQUITY • . • • • • • . • • • . • .. • • • • • • • . • • • . • • OMIT PENNIES Page 2 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR 2017-07-26 02:43PM EDT Status- Accepted PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP as of Q6/30/17 COMPUTATION OF NET CAPITAL 1. Total ownership equity from Statement of Financial Condition • • ....... • • $ _ ( 4,191,457 3460 l 3490 2. Deduct ownership equity not allowable for Net Capital .......... . ............................. 4,191,457 3500 3. Total ownership equity qualified for Net Capital .. • . • .. • - • • • • • • • • • • • • • • • • • • . 4. Add: A. Liabilities subordinated to claims of general creditors allowable in computation of net capital - - 5 000,000 3520 3525 B. Other (deductions) or allowable credits (List) ....... . ......... • ........ • , • • $ 9,191, 457 3530 5. Total capital and allowable subordinated liabilities ...... I .......... . ................... • • • • • 6. Deductions and/or charges: A. Total non -allowable assets from $ 3540 Statement of Financial Condition (Notes B and C) ...... . .. . .. . . . . • • • • • • _ 3,087,654 590 B. Secured demand note deficiency . • • • • • . • • • • • • • • • • C. Commodity futures contracts and spot commodities - proprietary capital charges ............... ..................... 3600 3610 ( 3,087.650) 3620 D. Other deductions and/or charges ............... ................. 7. Other additions and/or allowable credits (List) • .. • . • • • • . • .. • .. • • • • .. • • • • • • • . $ 3630 3640 8. Net Capital before haircuts on securities positions - - I — — .. ........ • • • • • • • • • ... • • • • • • • • • • • 6 103,807 9. Haircuts on securities (computed, where apphicable, pursuant to 15c3-1(f)) : 3660 A. Contractual securities commitments . • • • • • • • • .. • • • . • • • • • • • • . • • • • • • • • 3670 B. Subordinated securities borrowings .... • . • • • • • - - • • • • • • • • • • • • • • - • • C. Trading and investment securities: 3735 1. Exempted securities ......................... _ ...... • , ....... 3733 2. Debt securities ..................... ....... I ....... I........ 3730 3. Options ............................... I................. 3734 4. Other securities ........................... I ...... ..... .... 3650 D. Undue concentration ............ • • • • • • • • • • • 6 469 3736 ( 6,489) 3740 E. Other (List) ......................... . ....................... $ 6.097,318 3750 10. Net Capital ...................................................................... OMIT PENNIES Page 3 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2017-07-26 02:43PM EDT PART I IA Status: Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP as of COMPUTATION OF BASIC NET CAPITAL REQUIREMENT Part A 06/30/17 11. Minimum net capital required (6-2/3% of line 19) .... ... .... I ............... . ............. . .... $ 245,721 3756 12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) ...................................... .... $ 250.DDD 3758 13. Net capital requirement (greater of line 11 or 12)................................................ $ 250,000 3760 14. Excess net capital (line 10 less 13)......................................................... $ 5,847.318 3770 15. Net capital less greater of 10% of line 19 or 120% of line 12.......................................... $ 5,728,737 3780 COMPUTATION OF AGGREGATE INDEBTEDNESS 16. Total A.I. liabilities from Statement of Financial Condition ............................... $ 3,685 808 3790 17. Add: A. Drafts for immediate credit ..................................... • $ 3800 B. Market value of securities borrowed for which no equivalent value is paid or credited .............................. • $ 378170 C. Other unrecorded amounts (List) ..................................... $ 3820 $ 3830 19. Total aggregate indebtedness ................................................... ....I.I. $ 3.685,808 3840 20. Percentage of aggregate indebtedness to net capital (line 19 divided by line 10) ......... I ... , ......... I . % 60.45 3850 21. Percentage of debt to debt -equity total computed in accordance with Rule 15c-3-1(d) ... % 54.40 3860 COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT Part B 22. 2% of combined aggregate debit items as shown in Formula for Reserve Requirements pursuant to Rule 15c3-3 prepared as of the date of net capital computation including both brokers or dealers and consolidated subsidiaries' debits ............... $ 3870 23. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) ...............................:. $ 388D 24. Net capital requirement (greater of line 22 or 23)............................................... $ 37 00 25. Excess net capital (line 10 less 24)........................................................ $ 3910 26. Net capital in excess of the greater of: 5% of combined aggregate debit items or 120% of minimum net capital requirement ...................... $ 3920 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 2.6-2/3% of aggregate indebtedness or 4% of aggregate debits if alternative method is used. (B) Do not deduct the value of securities borrowed under subordination agreements or secured demand notes covered by subordination agreements not in satisfactory form and the market values of the 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. Page 4 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR 2017-07-26 02:43PM EDT Status, Aoceptod PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from 04/01/17 3932 to 06/30/17 3933 Number of months included in this statement 3 3931 REVENUE STATEMENT OF INCOME (LOSS) 1. Commissions: a. Commissions on transactions in exchange listed equity securities executed on an exchange .............. $ 3935 b. Commissions on listed option transactions .................................. .......... 3938 c. All other securities commissions .......................................... .... . . . . . ........ 629,82 3939 d. Total securities commissions ............................................. .. . . ............ 629 824 3940 2. Gains or losses on firm securities trading accounts a. From market making in options on a national securities exchange ..................................... 3945 b. From all other trading....................................................... . ......... 2.502 783 3949 c. Total gain (loss) ...................................................... I .. ............. 2.502,783 3950 3. Gains or losses on firm securities investment accounts • • • • • • • • • • • • .................. • • • • • • I . • ... • 395 4. Profits (losses) from underwriting and selling groups .............................................. 1 572 833 3955 5. Revenue from sale of investment company shares ........................................ I ...... 3970 6. Commodities revenue ................................................................... 3990 7. Fees for account supervision, investment advisory and administrative services 3975 8. Other revenue............................................................... I . , ...... 622,848 3995 9. Total revenue ......................................................................... $ 5,328,288 030 EXPENSES 10. Salaries and other employment costs for general partners and voting stockholder officers .................... 1,856,525 120 11.Other employee compensation and benefits .................................................... 1,502 338 4115 12. Commissions paid to other brokers -dealers .................................................... 4140 13. Interest expense ....................................................... 241,631 4075 a. Includes interest on accounts subject to subordination agreements .............. . 4070 14. Regulatory fees and expenses ............................................... 185 15. Other expenses ....................................................................... 1,676,553 100 16. Total expenses ....................................................................... $ 5,277,047 200 NET INCOME 17. Net Income (loss) before Federal income taxes and items below (Item 9 less Item 16) ........................ $ 51,241 42 00 18. Provision for Federal income taxes (for parent only) ...................... I ....................... 4220 19. Equity in earnings (losses) of unconsolidated subsidiaries not included above a. After Federal income taxes of • • • • • • • • • • • • ........................ • • • • • 4238 20.Extraordinary gains (losses) ....................................................... 4224 a. After Federal income taxes of • • • • . • • • • • • ...... • • • ............. • • - • • • .. • 4239 21. Cumulative effect of changes in accounting principles ........................ ... . . I ............. 4225 22. Net income (loss) after Federal income taxes and extraordinary items .............................. I ... $ 51,241 230 MONTHLY INCOME 23. Income (current month only) before provision for Federal Income taxes and extraordinary items ............... 68,444 42 11 Page 5 2017-07-26 02:43PM EDT FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT _Status_ Accepted DART IID BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from 04/01/17 to 06/30/17 STATEMENT OF CHANGES IN OWNERSHIP EQUITY (SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION) 1. Balance, beginning of period ....... . ..... I ........ I ......... ........ . ........ ........ $ 4.140,216 4240 A. Net income (loss) 51,241 4250 B. Additions (includes non -conforming capital of ... ...... . ... I .......... _ _ . $ 4262 ) 4260 C. Deductions (includes non -conforming capital of ... ....................... $ 4272 ) 4270 2. Balance, end of period (from item 1800) - - - . • - • . . . . . . ................. . • • • - - .. ............... $ 4,191,457 4290 STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS 3. Balance, beginning of period ...... ........ ......... ... ........... 10,000 p00 4300 A. Increases 4310 B. Decreases .............. ... 5,D00 000 4320 4. Balance, end of period (from item 3520) ....................................... $ 5,00010004330 OMIT PENNIES Page 6 FINANCIAL AND OPERATIONAL COMBINED*UNIFORM SINGLE REPORT 2017-07-26 02:43PM EDT PART IIA Sta s: ed BROKER OR DEALER as of 06/30/17 f CASTLEOAK SECURITIES, LP Exemptive Provision Under Rule 15c3-3 25. If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based A. (k) (1) - Limited business (mutual funds and/or variable annuities only) $ J 4550 B. (k) (2) (i) - "Special Account for the Exclusive Benefit of customers" maintained x 45 00 C. (k) (2) (ii) - All customer transactions cleared through another broker -dealer on a fully disclosed basis. Name(s) of Clearing Firm(s) - Please separate multiple names with a semi -colon Cantor Fits erald & Co.' PershingLLC ia335 4570 D. (k) (3) - Exempted by order of the Commission.......................................................... 4580 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 Proposed Amount to be with- (MMDDW) Expect Withdrawal or Accrual Insider or drawn (cash amount Withdrawal to (See below for Outsider ? and/or Net Capital or Maturity Renew code to enter) Name of Lender or Contributor (In or Out) Value of Securities) Date (Yes or No) 4600 4601 4602 4fi 4604 46 55 46 00 4811 4612 4613 4614 46 55 4620 4621 622 4623 4624 4625 4630 4631 632 4633 4634 4635 4fi40 4641 4642 4643 4644 _ _ 4645 4550 4651 652 4653 4654 4655 4660 4661 4662 4663 4664 46 55 4670 4671 4672 4673 4674 4675 46$0 4581 4682 683 4684 4685 4fi90 4691 4692 _ 6 33 4694 _ 4695 TOTAL $ 4699 OMIT PENNIES 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: DESCRIPTION 1. Equity Capital 2. Subordinated Liabilities 3. Accruals 4. 15c3-1(c) (2) (iv) Liabilities Page 7 UNITED STATES 2017-04-25 05:03PM EDT SECURITIES AND EXCHANGE COMMISSION Stt!is_.Accepted FOCUS REPORT FORM (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) X-17A-5 PART 1IA 121 11 (Please read instructions before preparing Form) This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a) X 16 2) Rule 17a-5(b) 17 3) Rule 17a-11 18 4) Special request by designated examining authority 1g 5) Other 26 NAME OF BROKER -DEALER SEC. FILE NO. CASTLEOAK SECURITIES, LP ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.) 110 EAST 59TH STREET 2ND FLOOR (No. and Street) NEWYORK (City) 21 NY 22 (State) A 1111 n (LIfJ L'Uuu) 8-65786 14 FIRM ID NO. 125334 15 FOR PERIOD BEGINNING (MM/DD/YY) 01/01/17 24 AND ENDING (MM/DD/YY) 03/31 /17 25 NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT(Area code) -Telephone No. Philio lopolito _ In212 829-4788 1z NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT OFFICIAL USE 32 34 DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ? �I CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT YES r 401 NO FXT411 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 submisson of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. Dated the day of 20 Manual Signatures of: 1) Principal Executive Officer or Managing Partner 2) Principal Financial Officer or Partner 3) Principal Operations Officer or Partner ATTENTION - Intentional misstatements or omissions of facts constitute Federal Criminal Violations. (See 18 U.S.C. 1001 and 15 U.S.C. 78:f (a) ) 33 35 37 39 FINRA FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2017-04-25 05:03PM EDT PART I IA tus: A t d BROKER OR DEALER CASTLEOAK SECURITIES, LP N 3 I 1 I 100 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS as of (MM/DD/YY) 03/31/17 99 SEC FILE NO. 8-65786 1981 Consolidated = 198 Unconsolidated F _X� 199 ASSETS Allowable Non -Allowable Total 1. Cash $ 8 320.47472070 $ 8,320,474(7501 2. Receivables from brokers or dealers: 4 721 a94 295 A. Clearance account ................. • • • • • • 131 075 300 $ 550 4 852 g69 810 B. Other ................................ 355 600 830 3. Receivables from non -customers ............... 4. Securities and spot commodities owned, at market value: A. Exempted securities ......................... 418 419 B. Debt securities ............................. 420 C.Options ............................... 424 D. Other securities ...................... • • • • • • 430 850 E. Spot commodities .......................... 5. Securities and/or other investments not readily marketable: A. At cost $ 130 F4401 610 860 B. At estimated fair value - - - . 6. Securities borrowed under subordination agreements and partners' individual and capital 4B0 630 880 securities accounts, at market value: A. Exempted securities $ 150 B. Other $ 160 securities 470 64Q 890 7. Secured demand notes: ....... Market value of collateral: A. Exempted securities $ 170 B. Other t 80 securities $ . 8. Memberships in exchanges: A. Owned, at market $ 190 $5Q B. Owned, at cost ............... ............................... C. Contributed for use of the company, 660 900 at market value .............................................. 9. Investment in and receivables from affiliates, subsidiaries and 480 328 670 328 910 associated partnerships ....................... 10. Property, furniture, equipment, leasehold improvements and rights under lease agreements, at cost -net of accumulated depreciation 490 83.772 F6801 83,772 920 and amortization. . , • . , ...... 514,736F5351 3 264,438 735 3,779,172 930 11. Other assets ........ 4 .. ..... ........ .... $ 13 688 179 540 $ 3,348,53.E 740 5 17,036.715 940 12. Total Assets .... • • • • • • • • • • Page 1 OMIT PENNIES FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2017-04-25 05:03PM EDT PART I IA .statusA meted BROKER OR DEALER CASTLEOAK SECURITIES, LP Liabilities as of 03/31/17 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS LIABILITIES AND OWNERSHIP EQUITY 13. Bank loans payable .......... ... . . .. . $ A.I. Liabilities 1045 $ Non-A.I. Total Liabilities 1255 $ 1470 14. Payable to brokers or dealers: 11 44 13 55 1560 A. Clearance account ........................ 1115 1305 1500 B.Other ...............•••••••••••••••• 15. Payable to non -customers ..................... 1155 1355 1610 16. Securities sold not yet purchased, 1360 1620 at market value ........... •••••••••••• 17. Accounts payable, accrued liabilities, expenses and other ......................... 2 896 499 1205 1385 2,896 499 1685 18. Notes and mortgages payable: 1210 1690 A. Unsecured .............. . B.Secured............I................... ... 1211 1390 1700 19. Liabilities subordinated to claims of general creditors: A. Cash borrowings: ........ I ............... _ 10.000 000 1400 10,000,000 17 00 1. from outsiders $ 970 2. Includes equity subordination (15c3-1(d)) of ...... $ 980 B. Securities borrowings, at market value 4410 17 00 from outsiders $ F9901 C. Pursuant to secured demand note 1420 1730 collateral agreements ..... ................. 1. from outsiders $ 1000 2. includes equity subordination (15c3-1(d)) of ...... $ 10 170 D. Exchange memberships contributed for 1430 1740 use of company, at market value E. Accounts and other borrowings not for 2220 1440 1750 qualified net capital purposes 20. TOTAL LIABILITIES ............ .......... $ 2.896.49s 1230 $ 10,000.000 1450 $ 12.896.499 1766 Ownership Equip 21. Sole proprietorship................................................................... $ 1770 22. Partnership (limited partners) ................... $ 1020 4,140,216 17 00 23. Corporation: 1791 A. Preferred stock .......................................... .......... _ ......... 1792 B. Common stock ..................................................................... 1793 C. Additional paid -in capital.............................................................. 1794 D. Retained earnings.................................................................. ..... 1795 E.Total........................... ............................ I ............... ( ) 1796 F. Less capital stock in treasury ....... I ..... .............................................. 4,140,216 1800 24.TOTAL OWNERSHIP EQUITY.........................................................$ $ 17,036,715 1810 25. TOTAL LIABILITIES AND OWNERSHIP EQUITY . . • • . • • • • • • • • • • • • • • • • • • • • • • • • • • • OMIT PENNIES Page 2 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORI 2017-04-25 05:03PM EDT Status? A e red PART IIA BROKER OR DEALER LASTLEOAK SECURITIES, LP as of 03/31/17 COMPUTATION OF NET CAPITAL 1. Total ownership equity from Statement of Financial Condition - • • • • • .. - - • . • • • • $ 4,140 218 3480 2. Deduct ownership equity not allowable for Net Capital .................... . . ................ I ... ( ) 3490 3. Total ownership equity qualified for Net Capital......... .. - . - . - . . ......................... 4,140.216 3500 4. Add: A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ............... 10,000,000 3520 B. Other (deductions) or allowable credits (List) ... .. ... . .. .. ........ • ................. 3525 5. Total capital and allowable subordinated liabilities ...... • .. • • • • • • • • • • • • • • • • • . • .. • • - - • $ 14,140,216 35,30 6. Deductions and/or charges: A. Total non -allowable assets from Statement of Financial Condition (Notes B and C) . . . . . . ....... $ 3,348,536 3546 B. Secured demand note deficiency • • • • • • • • • • • • . • • • • 3590 C. Commodity futures contracts and spot commodities - proprietary capital charges .......................... ......... 36 00 D. Other deductions and/or charges ........... .............. ...... 3610 ( 3,348,536)5620 7.Other additions and/or allowable credits (List) • • • • • • • • • • . • . • • . • • • 3630 8. Net Capital before haircuts on securities positions .... . ... .. . ..... . ............. - • • . • • $ 10.791,680 13§49 9. Haircuts on securities (computed, where appliicable, pursuant to 15c3-1(f)) : 5 3660 A. Contractual securities commitments . • • • • • • • • • - • • • - • • • • • • • • B. Subordinated securities borrowings • • • . • • • • • • .. - • 3670 C. Trading and investment securities: 3735 1. Exempted securities ..................... . . . .. . .. . . . . . . . ..... 2. Debt securities ............................................. 3733 3. Options ................................... ........... 3730 4. Other securities ............................................ 3734 D. Undue concentration ................... • ..... 3650 44,004 3736 ( 44.004) 3740 E. Other (List) ........................ • $ 10,747,676 3750 10. Net Capital • • OMIT PENNIES Page 3 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART IIA 2017-04-25 05:03PM EDT Status: Accented BROKER OR DEALER CASTLEOAK SECURITIES, LP as of COMPUTATION OF BASIC NET CAPITAL REQUIREMENT Part A 03/31/17 11. Minimum net capital required (6-2/3% of line 19)........................................ . ....... $ 193 100 3756 12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) .......................... $ 250,000 3758 13. Net capital requirement (greater of line 11 or 12)....................................... $ 250,000 3760 14. Excess net capital (line 10 less 13)................................................ I ........ $ 10,497,676 3770 15. Net capital less greater of 10% of line 19 or 120% of line 12.......................................... $ 10,447,676 37 00 COMPUTATION OF AGGREGATE INDEBTEDNESS 16. Total A.I. liabilities from Statement of Financial Condition .............................. $ 2 0,499 3790 17. Add: A. Drafts for immediate credit .................................... • • $ 3800 B. Market value of securities borrowed for which no equivalent value is paid or credited ............................ • • • • ... $ 38 00 C. Other unrecorded amounts (List) ................................... . . $ 3820 $ 3830 19. Total aggregate indebtedness ......................................... .. $ 2.896.499 3840 20. Percentage of aggregate indebtedness to net capital (line 19 divided by line 10) ... I ....... . . . . .... % 26.95 3850 21. Percentage of debt to debt -equity total computed in accordance with Rule 15c-3-1(d) .. . ............... % 70.72 3860 COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT Part B 22.2% of combined aggregate debit items as shown in Formula for Reserve Requirements pursuant to Rule 15c3-3 prepared as of the date of net capital computation including both brokers or dealers and consolidated subsidiaries' debits ....................................... . 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. Net capital in excess of the greater of: 5% of combined aggregate debit items or 120% of minimum net capital requirement ...................... 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 2.6-2/3% of aggregate indebtedness or 4% of aggregate debits if alternative method is used. (B) Do not deduct the value of securities borrowed under subordination agreements or secured demand notes covered by subordination agreements not in satisfactory form and the market values of the 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. Page 4 $ 3880 $ 3760 $ 3910 $ 3920 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORrt2017-04-25 05:03PM EDT Sixtus: A ed PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from 01/01/17 3932 to 03/31/17 IL99 Number of months included in this statement 3 3931 REVENUE STATEMENT OF INCOME (LOSS) 1. Commissions: a. Commissions on transactions in exchange listed equity securities executed on an exchange $ 3935 b. Commissions on listed option transactions ............................................... I .... 3938 c. All other securities commissions........................................................... 605,242 3939 d. Total securities commissions..................................................... I ....... 605,242 39a0 2. Gains or losses on firm securities trading accounts a. From market making in options on a national securities exchange .................................. . .. 3945 b. From all other trading ............................................. I ........... I ........ 2,6 f$ 145 3949 c. Total gain (loss) ........................................................ 2 518 145 3950 3. Gains or losses on firm securities investment accounts • • • • • • • • • • • • • • • • • • • • • • • • . • • . • . I • • • . • . • . • . • • 3952 4. Profits (losses) from underwriting and selling groups .............................................. 1825,757 3955 5. Revenue from sale of investment company shares ........................................... I ... 3970 6. Commodities revenue ........................................................ I.......... 3990 7. Fees for account supervision, investment advisory and administrative services 3975 8.Other revenue........................................................................ 11,188 3995 9. Total revenue ......................................................................... $ 4.960,332 030 EXPENSES 10. Salaries and other employment costs for general partners and voting stockholder officers ................. , .. _ 1 544 482 120 11.Other employee compensation and benefits ....................................... 1,350 486 115 12. Commissions paid to other brokers -dealers .................................. I ..... E .. I ......... a140 13. Interest expense 221,929 4075 a. Includes interest on accounts subject to subordination agreements 4070 14. Regulatory fees and expenses .............................................. _ .... 4195 15.Other expenses........................................................ _ .............. 1,833.956 4100 16. Total expenses....................................................................... S. 4,950,853 4200 NET INCOME 17. Net Income (loss) before Federal income taxes and items below (Item 9 less Item 16) $ 9.479 4210 18. Provision for Federal income taxes (for parent only) .................... I— ...... 1 .... _ ..... _ .... 4220 19. Equity in earnings (losses) of unconsolidated subsidiaries not included above ......... . ................... 199 a. After Federal income taxes of ................................ • • • • • • • • • 4238 20. Extraordinary gains (losses) ........................................... I .... , . I .......... 4224 a. After Federal income taxes of .............................. • • • • • • 4239 21. Cumulative effect of changes in accounting principles ................... ............... ..... 42 55 22. Net income (loss) after Federal income taxes and extraordinary items .................................. $ 9,479 4230 MONTHLY INCOME 23. Income (current month only) before provision for Federal Income taxes and extraordinary items . , , , ............ 294,605 4211 Page 5 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from 0110 ; /17 to STATEMENT OF CHANGES IN OWNERSHIP EQUITY (SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION) 2017-04-25 05:03PM EDT Status Accented 03/31/17 1. Balance, beginning of period ....... . . . . . ... . .......... - - ............... . $ 4,130,737 4240 A. Net income (loss) ............. .......... , ................ - - .. . 9,479 4250 B. Additions (includes non -conforming capital of ........................... - $ 4262 ) 4260 C. Deductions (includes non -conforming capital of ... I .................... $ 4272 } 4270 2. Balance, end of period (from item 1800) .................. • . • • • • • • • • - .. , , .. • • • • • .. • .. - - $ 4 140 216 4290 STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS 3. Balance, beginning of period ....... ...... . ...... ... . • ........ ........ $ 4,000,000 4300 A. Increases .................... 6,000,000 4310 B.Decreases ........... ....... ......... ............................... 4320 4. Balance, end of period (from item 3520) .. ................... • ............. . • • • • • • • • • • $ 10,000 000 4330 OMIT PENNIES Page 6 FINANCIAL AND OPERATIONAL COMBINED'UNIFORM' SINGLE REPORT 2017-04-25 05:03PM EDT PART IIA Status, Accented BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 03/31/17 Exemptive Provision Under Rule 15c3-3 25. If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based A. (k) (1) - Limited business (mutual funds and/or variable annuities only) $ 4550 B. (k) (2) (i) - "Special Account for the Exclusive Benefit of customers" maintained x 45 00 C. (k) (2) (ii) - All customer transactions cleared through another broker -dealer on a fully disclosed basis. Name(s) of Clearing Firm(s) - Please separate multiple names with a semi -colon Cantor Fitzgerald & Co.: Pershin LLC 4335 X 4570 D. (k) (3) - Exempted by order of the Commission ........ ................ . . . 4580 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 Proposed Withdrawal or Amount to be with- (MMDDYY) Expect Accrual Insider or drawn (cash amount Withdrawal to (See below for Outsider ? and/or Net Capital or Maturity Renew code to enter) Name of Lender or Contributor (In or Out) Value of Securities) Date (Yes or No) 46 00 _ 4601 4602 603 _ 4604 4605 4610 4611 4612 4613 4614 46 55 4 220 4621 4622 4623 4624 4625 4630 4631 4632 4633 4634 4635 4640 4641 4642 4643 4644 4645 4650 4651 4652 653 4654 4655 4660 4661 662 4663 4664 4665 4670 4671 4672 4673 4674 4675 ql G80i 4681 4682 4683 4684 4685 46 00 4691 4692 4693 4694 46 55 TOTAL $ 6 99 OMIT PENNIES 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: DESCRIPTION 1. Equity Capital 2. Subordinated Liabilities 3. Accruals 4. 15c3-1(c) (2) (iv) Liabilities Page 7 UNITED STATES FORM X-17A-5 SECURITIES AND EXCHANGE COMMISSION FOCUS REPORT (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) PART I 12 (Please read instructions before preparing Form) This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a) x 16 2) Rule 17a-5(b) 17 4) Special request by designated examining authority FT,9 NAME OF BROKER -DEALER CASTLEOAK SECURITIES. LP ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.) 110 EAST 59TH STREET, 2ND FLOOR (No. and Street) NEWYORK ' 21 NY_ (City) (State) 20 122, 10022 23 (Zip Code) NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT(Area code) -Telephone No. 2017-01-26 04:37PM EST Status: Accepted 3) Rule 17a-11 7 5) Other 26 Philip Ippolito 30 NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT F_ SEC. FILE NO. 8-65786 NJ FIRM ID NO. 125334 15 FOR PERIOD BEGINNING (MM/DD/YY) 10/01/16 24 AND ENDING (MM/DD/YY) 12/31 /16 25 32 34 36 38 DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ? CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT 829-4788 311 OFFICIAL USE 33 35 37 39 YES [L as .i NO x 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 submisson of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. Dated the Manual Signatures of: 1) Principal Executive Officer or Managing Partner 2) 3) day of Principal Financial Officer or Partner Principal Operations Officer or Partner 20 ATTENTION - Intentional misstatements or omissions of facts constitute Federal Criminal Violations. (See 18 U.S.C. 1001 and 15 U.S.C. 78:f (a) ) FINRA FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT ,2017-01-26 04:37PM EST PART I IA Status: Accepted BROKER OR DEALER CASTLEOAK SECURITIES, LP N 3 I I I I 106 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS ASSETS Allowable 1. Cash ................................... $ 4 230 812 200 2. Receivables from brokers or dealers: 4,60 249 295 A. Clearance account ....................... 148,855 300 $ B. Other ................................ 355 3. Receivables from non -customers ............... 4. Securities and spot commodities owned, at market value: A. Exempted securities ......................... 418 B. Debt securities .......................... • - • 419 C.Options ............................... 420 D. Other securities .................. . • - • • • .... 424 430 E. Spot commodities .......................... as of (MM/DD/YY) 12/31/16 99 SEC FILE NO. 8-65786 ENI Consolidated 198 Unconsolidated C� 199 Non -Allowable Total $ 4,230,812 750 550 4,752.104 810 600 830 850 5. Securities and/or other investments not readily marketable: A. At cost $ 130 B. At estimated fair value 440 610 860 6. Securities borrowed under subordination agreements and partners' individual and capital securities accounts, at market value: 460 630 880 A. Exempted securities $ 150 B. Other securities $ 160 470 640 890 7. Secured demand notes: Market value of collateral: A. Exempted securities $ 170 B. Other securities 180 8. Memberships in exchanges: A. Owned, at market $ _ 90 650 B. Owned, at cost ......................... ............... C. Contributed for use of the company, 660 900 at market value 9. Investment in and receivables from affiliates, subsidiaries and 48 551607 670 5 607 IT101 associated partnerships ....................... 10. Property, furniture, equipment, leasehold improvements and rights under lease agreements, at cost -net t' of accumulated deprec a ion and amortization. 490 90,384 680 90 384 920 11. Other assets ................... ....... 273,337 535 1,724 528 735 1.997,865 930 12. Total Assets .... • • • • • • • • • • • • • • • - - • $ 9 256.253 540 $ 1,820,519 740 $ 11.076 772 940 Page 9 OMIT PENNIES FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 2017-01-26 04:37PM EST S s: Acce ted PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 12/31/16 STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND CERTAIN OTHER BROKERS OR DEALERS LIABILITIES AND OWN ERSI-IIP EQUITY Liabilities 13. Bank loans payable , ..... . 14. Payable to brokers or dealers: A.I. Liabilities . - , $ 1045 $ A. Clearance account ........................ B. Other ................. . ........I.... 15. Payable to non -customers ..... . ..... . ...... . 16. Securities sold not yet purchased, at market value 17. Accounts payable, accrued liabilities, expenses and other ............. 2,953,878 1205 18. Notes and mortgages payable: A. Unsecured .............. ..... B. Secured .................. ... ..... . 19. Liabilities subordinated to claims of general creditors: A. Cash borrowings: ........ ............... 1. from outsiders $ 970 2. Includes equity subordination (15c3-1(d)) of ...... $ 980 B. Securities borrowings, 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 .......... 20. TOTAL LIABILITIES ......... ....... 11 44 11 55 1155 1210 1211 Non-A.I. Total Liabilities 1255 $ 1470 1315 15 00 13 55 1540 1355 1690 1360 1 220 13B5 295 ,3,878 1 885 1390 1690 1 000 4,000 000 14 00 4,000,000 171 1410 1720 1420 1730 1430 1 440 1220 1440 1750 $ 2,953,878 1230 S 4,000.000 1450 $ 6,953,878 1760 Ownership Equity .- 21. Sole proprietorship ................. . . . . .... . . ................. . .. ................ $ 1770 22. Partnership (limited partners) ................... $ 1020 4.122.894 1780 23. Corporation: A. Preferred stock ................. ... .......... - 1791 B. Common stock .... 1792 C. Additional paid -in capital........................................................... . .. 1793 D.Retained earnings.................................................................. 1 94 E.Total....................... ............................................... ..,.. 196 F Less capital stock in treasury • • • • • • • • .. • .. • • { ) 1796 24.TOTAL OWNERSHIP EQUITY ................. ...... ....................... I..... ..... $ 4,122 894 1800 25. TOTAL LIABILITIES AND OWNERSHIP EQUITY . • • • . • • • • • • • • • • . • • • • • • • . . . • • • • • • • • ' $ 11 076,772 1810 OMIT PENNIES Page 2 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR 2017-01-26 04:37PM EST Status: A ted PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 12/31/16 COMPUTATION OF NET CAPITAL 1. Total ownership equity from Statement of Financial Condition ......... • • ................... $ 4,122,894 3480 2. Deduct ownership equity not allowable for Net Capital ....... . . . . . . . ............... I ............ ( } 34 00 3. Total ownership equity qualified for Net Capital ... • ................... 4.122,894 3500 4. Add: A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ... , 4.000, 000 3520 B. Other (deductions) or allowable credits (List) . . .. . . . . . . . . ... . . ............................. 35 55 5. Total capital and allowable subordinated liabilities ........................ I ...... , ...... , ..... $ 8,122.894 3530 6. Deductions and/or charges: A. Total non -allowable assets from Statement of Financial Condition (Notes B and C) .. ...... .... ...... $ B. Secured demand note deficiency ...................... • • • C. Commodity futures contracts and spot commodities - proprietary capital charges ..................................... D. Other deductions and/or charges .......... . . . . ........ , , , .. , . , , . . 7.Other additions and/or allowable credits (List) ...................... 8. Net Capital before haircuts on securities positions . _ ... . . ..... . .... . 9. Haircuts on securities (computed, where appliicable, pursuant to 15c3-1(0) : A. Contractual securities commitments ......... • • .. • • ... • • ... • ....... S B. Subordinated securities borrowings .............. . ........ • . - .... . C. Trading and investment securities: 1. Exempted securities ................... . ..................... 2. Debt securities ............................................. 3. Options ............................. I ................... . 4. Other securities ...................... ........ I ......... ... D. Undue concentration ......................................... . 1.820.519 3540 3590 36 00 3610 ( 1,820,519) 3620 3630 $ 6,302,375 3640 E. Other (List) ........................... I ..................... 26,224 3736 i 26,224) 3740 10. Net Capital ...................................... I.............. $ — 6.276.151 3750 OMIT PENNIES Page 3 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT `2017-01-26 04:37PM EST PART IIA lIStatus: ed BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 1213 1/16 COMPUTATION OF BASIC NET CAPITAL REQUIREMENT Part A 11. Minimum net capital required (6-2/3% of line 19)................................................ $ 196 925 3756 12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) ............................... . ............ $ 250,000 3758 13. Net capital requirement (greater of line 11 or 12) ....................................... I , ...... $ 250 404 3760 14. Excess net capital (line 10 less 13) . . ..................... $ 6,026,151 3770 15. Net capital less greater of 10% of line 19 or 120% of line 12 . . . . . . . .... . .............................. $ 5 976 151 3780 COMPUTATION OF AGGREGATE INDEBTEDNESS 16. Total A.I. liabilities from Statement of Financial Condition $ 2,953 878 3790 17. Add: A. Drafts for immediate credit .................................... • • • . • $ 38 00 B. Market value of securities borrowed for which no equivalent value is paid or credited ................................... $ 3810 C. Other unrecorded amounts (List) ..................................... $ 3820 $ 3830 19. Total aggregate indebtedness.......................................................... I $ 2.953.878 3840 20. Percentage of aggregate indebtedness to net capital (line 19 divided by line 10) ......................... % 47.07 3850 21. Percentage of debt to debt -equity total computed in accordance with Rule 15c-3-1(d) _ ................. % 49.24 3860 COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT Part B 22.2% of combined aggregate debit items as shown in Formula for Reserve Requirements pursuant to Rule 15c3-3 prepared as of the date of net capital computation including both brokers or dealers and consolidated subsidiaries' debits ......................................... $ 3870 23. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement of subsidiaries computed in accordance with Note (A) ................................. $ 38 00 24. Net capital requirement (greater of line 22 or 23)............................................... $ 37 00 25. Excess net capital (line 10 less 24)........................................................ $ 3910 26. Net capital in excess of the greater of: _ 5% of combined aggregate debit items or 120% of minimum net capital requirement ...................... $ �3 220 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 2.6-2/3% of aggregate indebtedness or 4% of aggregate debits if alternative method is used. (B) Do not deduct the value of securities borrowed under subordination agreements or secured demand notes covered by subordination agreements not in satisfactory form and the market values of the 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. Page 4 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPOR�2a17-01-26 04:37PM EST Status: Accepted PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from 10/01/16 3)332i to 12/31/16 3933 Number of months included in this statement 3 3931 REVENUE STATEMENT OF INCOME (LOSS) 1. Commissions: a. Commissions on transactions in exchange listed equity securities executed on an exchange _ . _ ..... _ _ . b. Commissions on listed option transactions .......................................... . ........ . c. All other securities commissions........................................................... d. Total securities commissions ............................................................. 2. Gains or losses on firm securities trading accounts a. From market making in options on a national securities exchange .......................... I .......... b.From all other trading .............................................. I ...... ............. c. Total gain (loss) ................................................. I ... I........I...... I 3. Gains or losses on firm securities investment accounts • • • • • • • • • • • • • • • • • • ........................ • • 4. Profits (losses) from underwriting and selling groups ........................................ . . ... . 5. Revenue from sale of investment company shares ..................................... . ......... 6. Commodities revenue ................................................................... 7. Fees for account supervision, investment advisory and administrative services ....... I ................... . 8. Other revenue ........................................................................ 9. Total revenue ............................................. I ...... I... ...... I .... I..... EXPENSES $ 3935 3938 535,909 3939 535,909 3946 3,431 3995 $ 4,963,999 030 10. Salaries and other employment costs for general partners and voting stockholder officers ........... 1.5E6,698 120 11.Other employee compensation and benefits ................................ ................... 1,124,682 115 12. Commissions paid to other brokers -dealers ................................ ......... .......... 4140 . 13. Interest expense....................................................... 127,787 4075 a. Includes interest on accounts subject to subordination agreements ................. 4070 14. Regulatory fees and expenses............................................................. 4195 15.Other expenses 2,270,217 4100 16. Total expenses................................................................... . ... $ 5,089,384 4200 NET INCOME 17. Net Income (loss) before Federal income taxes and items below (Item 9 less Item 16) ........................ $ 125 385 4Q10 18. Provision for Federal income taxes (for parent only) ...................... I ...... I ................ (927)4220 19. Equity in earnings (losses) of unconsolidated subsidiaries not included above ............................. 222 a. After Federal income taxes of • . • • • • • • • • • • • • ........................ • • • • • 4238 20.Extraordinary gains (losses) ............................................................. 40,41 a. After Federal income taxes of ...... • • • • • • • • • • • ................... • • • • • . • 4239 21. Cumulative effect of changes in accounting principles .................................. I .......... 225 22. Net income (loss) after Federal income taxes and extraordinary items ........ I ........ .............. . . $ (124,458) 23 MONTHLY INCOME 23. Income (current month only) before provision for Federal Income taxes and extraordinary items ................ (28,988) 42 11 Page 5 2017-01-26 04:37PM EST FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT Status-Arrapted PART IIA BROKER OR DEALER CASTLEOAK SECURITIES, LP For the period (MMDDYY) from 10/01/16 to 12/31/16 STATEMENT OF CHANGES IN OWNERSHIP EQUITY (SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION) 1. Balance, beginning of period .............. .. ............. ... ...... .. .... , ... $ 4,247,352 4240 A. Net income (loss) .................................... ...... - - ... ....... (124,458) 4250 B. Additions (includes non -conforming capital of ............. I ............ - $ 4262 } 4260 C. Deductions (includes non -conforming capital of I .......................... $ 4272 ) 4270 2. Balance, end of period (from item 1800) .... ...... $ 4 122,894 4290 STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS 3. Balance, beginning of period ............ ........... ................. .... , ...... .... $ 3,000,000 4300 A. Increases ................ ........ . , ... 1,000.000 4310 ...................................... ..... B.Decreases .................... 0 4.Balance, end of period (from item 3520) ----------------------------------- ............ $ 4,000,0004330 OMIT PENNIES Page 6 FINANCIAL AND OPERATIONAL COMBINED'UNIFORM' SINGLE REPORT 2017-01-26 04:37PM EST PART I IA Status: Acce ted BROKER OR DEALER CASTLEOAK SECURITIES, LP as of 12/31/16 Exemptive Provision Under Rule 15c3-3 25. If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based A. (k) (1) - Limited business (mutual funds and/or variable annuities only) $ 4550 B. (k) (2) (i) -"Special Account for the Exclusive Benefit of customers" maintained 4560 C. (k) (2) (ii) - All customer transactions cleared through another broker -dealer on a fully disclosed basis. Name(s) of Clearing Firm(s) - Please separate multiple names with a semi -colon Cantor Fitr erald & Co-; Pershin LLC 4335 _ x 4570 D. (k) (3) - Exempted by order of the Commission .. .................. 45 00 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 Proposed Withdrawal or Amount to be with- (MMDDYY) Expect Accrual Insider or drawn (cash amount Withdrawal to (See below for Outsider ? and/or Net Capital or Maturity Renew code to enter) Name of Lender or Contributor (In or Out) Value of Securities) Date (Yes or No) 4600 4601 4602 4603 4604 4605 4610 4611 4612 613 4614 46 55 4620 4621 4622 4623 4624 4625 4630 4631 4632 4633 4634 4635 4640 F46411 PF6421 4643 4644 4645 4650 4651 4652 4653 4654 4655 4660 4661 662 4663 _ 4664 46 55 4670 4671 4672 4673 4674 4675 4$80 4681 4682 4683 458�: 4685 4690 4691 — 4692 693 4694 4695 TOTAL $ 4699 OMIT PENNIES 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: DESCRIPTION 1. Equity Capital 2. Subordinated Liabilities 3. Accruals 4. 15c3-1(c) (2) (iv) Liabilities Page 7 e) FINRA Broker Check SUSAN SCHIEFELBEIN SCOTT RIDER 19 Sales Coverage -Primary Assigned Rep —' FinraV' BrokerChock Report SUSAN LEE SCHIEFELBEIN CRD# 1361457 $fiction Title Ra s Re"n Summary 5 Braker OuelMcW*r& 2-4 Registrotun and Empoymem HMtary 19X Broker Qualifications Reglstrallons Ths se&" provides the se!SYeguiatory arganastwns (SROs) and U.S. sew*M*Wwn es the broker is ranterdty registered asap Barnard tinth. the cxagory of each i Cens-e. and the d k pn a1iW r it heoame effeCliVe. TIw% seehafi Also provides. for ewery brokerage Fan witfr winch she bmker is anently empipyed. the address of each branch trhens the brobw aCd{a. This wKNWdual is currently registered with 1 SRO and is licensed. in 19 U.S_ Stakes and tarrita►1es th augh hk of Itvesnployer. Employment 7 of 1 rim Nm CASTLEOAK SECURMES. LP Makt04fieaAdibew 1fYEAiFWMSTREET M FLOOR MEW YORK W tom Fbm GREW.. 12=34 SRO * Itt RA Ui scar Trnitaay Aftorm CalTamia Colorado Connecticut Indiana Mlddpan W%soun New Jersey New York Ohb Oregon Ca4gorT flibl6 Dab Genera! Serudti.s RepresenteUve APPROVED p7;Qe,23t2 Category Shil m Dab U.IL2bW Territory Agent APPROVED 04aW2a 13 Pas nWkDnia Agent APPROVED o7jaa12012 Texn Agent APPROVED 07AMM12 Agent APPROVED WMV2012 Agent APPROVED D7MGW12 Agent APPROVED 071DtiM12 Agent APPROVED DBW=13 Agent APPROVED O7fMin12 Apart APPROVED 0710a=12 Age".. APPROVED 07P OMU Agent APPROVED 07rIIM12 Agent APPROVED 0711WM12 Agent APPROVED 07MOM12 D741a FRM& A W& mMw6 Repot abet 4UMN L SCN@BD9l Catagory ShAM Dale Agent APPROVED 07f )VM2 .Agent APPROVED 07i05fY012 tNrmatalm Finra F 2 19X eew.9nmmotrcum a UWcueame Broker Queliflcations Finrar Employment 1 of 1, continued Branch office Locations CASTLEOAK SEC11Rn1Ea, LP 111 SW FMIh Avenue suite 1835 PORTLAND.OR 972o1 �9Fe191AFd"MMnvI Rope" 70CW311 ALMEMSEK 19X r�•s r•:sd �u:s'�rraer���n INwOaarsrw Broker Qualifications FinralF Industry Exams this Broker has Passed This "abon inukudes aEl saauntias nduchy exams that Via pro"r has passed ltnd w iim ited cimsimxuna". a erotar m.." altsnl a reoltraftn aUr mosrvang am exam wa w Used on exams the llraker has passed andkir quahfyrrg work ekperfence. Any exam waivers 4nas the bfMW has received am not hrcludeQ vet9w This irrc" aal has passed 0 Principalisuperviwry exams, 3 Qenerat indmb*Product exams, and t slate secnriFies Law exam. I PrincipallSupervisory Exams Em category our. No hkprrnatlm+ nWcreed_ General IndustrylProduct Exams Em category Bab Saeurieeq hadustry Etsenttals Exam inrmn SlE IWOM016 NsMvnal Qvnmodity Fralures Exan;laapvn Sens a 02r2711069 General Sebanvol RrpresentWjvq FLamir-Twn Seas 06/4411066 Stele Securities Law Exams Eaaaw C "ory Bob Unirwrtr Swookin Agem State Law Examina&n Safes 63 0MWIM Addvonal bikmagon abodOn above exams or other exams F1NRA admmasWrs to hrOWS and other secrrrrthm prbtess!anals Owl b! rWld ar www Arra_d�rCkFtgWlkTiCakl7reshvWs6aredrep DIY R�OII At�� twwYal RspSrS i�0�swlYW L �C1iIk�ElAEix. O 19X I eur.>uMmaactuche t Utr Gldda of Registration and Empioymerit History Registration History The b.kar previwesty was repls4ered with lee fwowing Enns Registration Dales Fl rn Name CRON Branoh Laaathm 1 U2010 - 04r2012 MERRILL LYNCH. PIERCE, FENNER a SMITH 7001 LOS ANGELES, CA INCORPORATED 0412D00-1112010 BANC OF AMERICA SECURITIES LLC 2=1 LOS ANGELES, CA HVI N0 - 0711000 BANC OF AMERICA SECURITIES LLC 20001 NEW YORK NY 0711004-1011008 BANCAMERICA SECURITIES. INC. 17077 SAN FRANCISCO, CA 03f1001 - 0711004 LIBERTY CAPITAL MARKETS. INC. low 02/I000 - D011000 DEAN WITTER REYNOLDS INC. 7550 PURCHASE, NY 0611000-0211M BLINOM ROBINSON & CO.. INC. am Employment History This section provides up m 10 years of an atd:vrd"I brokefs empipyment t ,%" as reporned by ihe in6; dual broker on the most recarfOy bead Farm U4. Please note that the broker is regrared to provide dim kalurmalion ooy wNW mgisbrmd rich FWRA or a national securities exchange and the irdormatic n is not updaled via Farm Ua after the broker ceases to be "stared. ThereWre, an employment end date of "Present' may not re0est the brokees current ern~eal status - Employment Dales Emptayer No Employer Location 0712012-Present CASTLEOAK SECURITIES. LP PORTLAND.OR 1IWO - D412012 MERRILL LYNCH, PIERCE, FENNER d SMITH INCORPORK LOS ANGELES, CA 042000-1112010 BANC OF AMERICA SECURITIES LLC LOS ANGELES. CA 1D/I000-1112010 BANK OF AMERICA CHARLOTTE, NC Ot11er Business Activities This station includes intimation, I airy. se provided by the beaker ngaroing alherbusirress aadvibes the broker Is aurrently sngaW In eiew as a proprietor, partner. olTroer, dirsetar, employee. trust". agent or othenanse. T kft section does not brthrde non-invesbymm twisted activity that es exclusively chnftahle, ovlc, nalipaus or fraternal and is recognized as tax exempt. No i formetion »parted. meta faatR N ales rerraveal Report aeptWIM L SCHEFEMEK Finra 1r 5 19X ,.wamm"romhea LMff GMra 4=9 MM0. N gFft MUM& Mpon aemtWARN L. 3CHEFELBE9L End of Report Finn This pane is intentionaIty left blank. 19X Sales Coverage- Secondary Assigned Rep Anfar BrokerCheck Report SCOTT ALAN RIDER CRD# 3168D94 Section Title page(s) Report Summary 1 BransQualidwc nan5 2-4 RegistrAon MW Emp"ment Rstwy 19X teas leraalga11)04 lees LQW Gwdmm SCOTT A. RIDER CRDN 3168094 Report Summary for this Broker Finrar Tl'" report summary pra»des an overview of me brokers pr Nss anal backgj�nd and mnduc, Addilorml Cunvntty employed by and regkbmd wNh the idm oo0on am be found in 01e det W report eiks9 Fi 91. Broker Qualifications CASTLEOAK SECURIfES, LP 111 SW Fifth avenue Suite 1133 PORTLAND.OR 97204 CROP 125334 RegislaM with this lim sites CWM201 D C2019 F;4-tA A". rip%rn*-"a napcnaoae 3C. A RIDER This brober bs mUkhm ed wlllk � 1 SeEt-ReQuFabry OrpxtiaaGon • 10 US. sates and terribrfes This braber es passed- • 0 Piinapad5upeNisory Exr r 2 General IndestyrPreductExams 4 1 Slate Secud!ees Law Exam Registration History This brober was prvvhK Nlr mghdamd vial ale Wilowing mrcuriHes Orallsi- FaN1CORP SECURmEs CROM415M PORTLAND. OR 042000 - 09f2010 SEATTLE41ORTHWEST SECURRES CORPORATKMf CROP 10a39 PORTLAND.OR U711900- 04f1D07 Disclosure Events All indmdwk repeswed to sell secur1lwm or omvde brveshrmt edviee ere rsqueed to dkelose Clr*anlar ooroplaWgs and arbivations. mpulatory actkms, amploymem *rmimmms. bankrupmy fhnp5. and erbninr or cW jud dal proceedkv;- are Owe events d%clbsrd abavt thls broker? No 19X 'Y PnrZaro*rm r¢rem Ilaw �a Broker Qm ications Fin`a RegkstraUM S This section Mmdes the sal -ra Wmvry argmmumier+s [SRGs) a" U.5 stateslterrrJurres tihe broker is currenvy regi nmred and Iloenwo! with. the c"gory of each licen se, and the date an which it berarna effe�el - This section also provides. for every brukarage Arm with whine the broker is currently employed, the address of each branch where The brdw works. This Indihrldual is ourremtfy repishmd with 1 SRO and is Ilomsed in 10 U.S. staffs and territories through his or Irer MnPlayer. Employment 7 of 7 Fks Narnic CASTLEOAK SECURITIES, LP Malt OWm Addemss: 110 EAST WM STREET 20D FLOOR NEW YoRl4 MY 10022 Fkm CREW. 125=1 SRO CxtrOvey Sfahms Dale F1r1RA Cwwal5ew Toes Rapmmtatrve APPROVED 0011SRD10 FINRA oaeralions Prorassional APPROVED DW312D17 U.S. Stow Category Stabs Dab Territory A+ tuna Agent APPROVED 02r-Br010 CaMM]a Agent APPROVED D111312014 Mar}rtarhd Agent APPROVED D1M312D14 Massachusetts A-m APPROVED 011012014 Nov MMdoo Agent APPROVED DOW12013 Neer Torte Agem APPROVED DWI2I2010 Ohio Agent APPRCVE7 01M3.+2314 Q7 gun Agent APPROVED 07rZ712D1D TOM Agent APPROVED MOWS Washln&n Agent APPROVED 011131P014 Branch Office Locations cno19 Fiq Rp A-.vft:e va Repm YAM Scan A AIML z 19X www Mra omtrCapmr" Broker QuafficaWns Employment 1 of 1, continued CASTLEOAK sECURMES, LP 7 f 1 SW Fiilh Avenue Suke IG35 POWLAND, OR 07404 .MIS FNRA A:- VIX,lS I RIPOM ]COL/. SO*-, T A RIDI!q Ma GUMM¢e Fn 19X A'lIlr.LflR•IlfprE[1xeHV rlr1 �t Broker QualifieatiOM Film Industry Exams this Broker has Passed i nrs secmn lnGudes atl secvhbes industry estms thin she broker has passed Ender limited WrcunKlanoes. a broker may ataan a registrabum after receiving m exam vir er based on exams She broker has passed andlor quAtrNng nark exile fence Myelt�awhetstl�frhtdcehmteae(rildatanot' wI bloc. This in&v1dual has passed U prtnoipaksupervisory exams, 2 general indust"roduct exams, and I state securwestaw exam_ PrincipallSuperyisory Exams En Calegary Dam No Inlcrmabon repwilad_ General Industry/Product. Exams Ei Calill Dale Secijvoes Industry Fssenll tls ExamnaWm SlE 1 R.-p f 72p1 a Gwt lSeautignRepresentOveBmisinMlon SwIm7 v/0efim State Securities Law Exams Es Category Dale Uniform Secu4iiees Ag-nt Stye Law Examkadon Series E3 D77 = I S Addliwt Inrdrtndisn aboLd ere draw seaets eraYtreranre FI MIA emirs to Etarets and asreraeourom profwssi als owt be I at+ww.5nr�nrgrhmkerauatificatidt+sfreQistdedrept. C2019 FSHRA ti 0" masetren Report Abod.,COTT A RIVERL a 19X WNH-awaarobrore NEE Usr6Wa Registr-atfan and Employment History Registration History The broker prevtos:sly was rWsrered wth the k4owinp firms' Regisbation Dales Firm Maine CRD/ Branch Location 0412M7-0M2010 FINACORPSECURITIES 41NO PORTLAND, OR 07/IM-D412007 SFATTLE-NORTHWESTSECURMES 10M PORTLAND, OR CORPORATION Employment History Tuts section provides LM to 10 years Of an indr�dual trok ar`s erfl ployment Nslory as reported by the individual broker on the most rravntl y WAd Form U4_ Please note that the broker is required to provide this fnrortnaffon Only while registered with FIMRA or a rational secuaities e=han0e and the infam"lian is not updated via Farm U4 after the broker ce acres to be registeftd- TherefOre, an employment end date or "Present" may not reflect the brokers current employment %12tus. Employment Qafrs Employer Name Eon player t,e tion 01MI010 - PrinwA CASTLEOAKSECURMES.LP PORTLAND- OR 0412007 - OE12010 FINACORP SECURMES PORTLAND. OR Other Business Activities This section includes ln6wmation. if any, as provided by the broker regarding odwbus;ness activiDes Ire broker Is cunendy engaged in ailher as a prepna7w. partner, offs r. dlraefor, ernWoyee. trustee, awwnI Or Otha wisp This section does not include non -investment related activity mat is exclusively chartable. civic, rel4leus uiratemai and ,s nmgrmd as tax e>rrept. No irlamtation reported. Fins =01S FrMKk F.t ergot Brrv!¢ Rtptrt aWW- `.Corr A. Rk Vr 5 19X r7Ae_9nRmgVnkmehm wrammce End of Report This page is intentionally left blank. C 9 FNE0. N d" MMVOd Ftgnn M"30 TTA MUM Finn 19X f) Sample Bloomberg Electronic Trade Verification 20 BLOOMBERG ELECTRONIC TRADE VERIFICATION/ DETAIL Prev I Ncxt I ❑boons ] ht r• 03/2S/19 17:16:5S From : Suaan Schiefelbein (CASTLEOAK SECURITIES)-1-646S216715 Bcc Su9en Schiefelbein (CASTLEOAK SECURITIES)-1-6465216715 Subject ISIN:US912828U733 VCON TICKET: T 1 i 12/1S/19 Attached No Attachmenu love - Fo tde rs Portland -DIRECT 646-521-6715 CELL: 714-403-3565 03/25/2019 17:16:04 Trade Date 03/25/19 17:16:04 Trader SUSAN SCHIEFELBEIN CUSIP : 91282SU73 At CASTLEOAK SECURITIES, LP ISIN : U591282BU733 SELLS 5000 (M) of T 1 3e 12/15/19 Issuer US TREASURY N Dated 12/15/16 Price 99-08 Yield 2.427 Settlement: 03/26/19 Notes : SAMPLE VCON TRADE TICKET ww Principal USD 4,962,500.00 — •w Accrued( 101 days ): 19,076.24 w.a ww Total USD 4,981,576.24 ww au.1ra11a 01 2 9777 expo 61..11 .a11 2a 5 .00o Earow u4 20 -1. 7aoo aarnana 4. Q Qo4 1a,o Men. KOA aQ 2.7 .000 QSi pea .f. 1 fa ]1. 2000 .11 Mi.11 R CDT�1G-100 aM4�] 1e-8 17.17-07 BLOOMBERG SECURITY DESCRIPTION DETAIL T 1 30 12/15/19 1.99-08 + 0034 99-0634 /99-08 2.482 /2.427 At 16:59 -- x - SOurce BG1.1 Settl S Actions [Page 1/111 Securit., DgpHr.)tioj).:.r 99 Bu 99 Sell 29 Bond Description 20 Issuer Description Pages Ilssuer Information.. Illdentftrgi 11) Band Info Name US TREASURY 1I/8 ID Humber 912828U73 12)AddtlInfo 13) Covenants Industry Soverei,ans CUSIP 912828U73 14) Guarantors ISecurity InformationISIN US912828U733 15)Bond Ratings Issue Date 12/15/2016 SEDOL 1 BY1114Q76 16)Identifiers Interest Accrues 12/15/2016 FIGI BBGOOFHRZ599 11)Exchanges 1st Coupon Date 06/15/2017 ftSSUanCe & Trading 1B)Inv Parties 19) Fees, Restrict Maturity Date 12/15/2019 Issue Price 99,774758 2D) Schedules Floater F01 nlLlla N.-.. Risk Factor .707 21)coupons :%orkOUt Date 12/15/2019 Amount Issued 24000 (hll l) Coupon 1.375 Security Type USN Amount Outstanding 24000 (1L11,1) Quick Links Cpn Frequency S/A Type FIXED 14inimum Piece 100 32)ALLQ Pricing Mty/Refund Type NORMAL Series klinirnUrl Increment 100 33)QRD Quote Reca 34)CACS Corp Action CAC Calc Type STREET CONVENTION SOMA Holdings N.A. 35CN sec News Day Count ACT/ACT 36) HDS Holders Market Sector US GOUT Country US Currency USD TENDERS ACCEPTED: $240001,114, 66)Send Bond Ready nwtralia 61 2 9777 9500 ara[il 5511 2395 9000 Europa 44 20 7330 7500 60rC ny 49 69 9204 1210 Mon9 Kon9 e62 2977 6000 Japan 01 ! 3201 0900 5in99apora 66 62t2 1000 U.S. 1 212 310 2000 Copyright 2019 91000Der9 Finance L.r. 6N 061655 EDT 6Mr 4.00 6994 34r9 26—P-2019 17,50.14 736od36 (B bit) 100% , We also send cash flow screen, call schedule, yield analysis or whatever is requested 21 g) Sample Trade Confirm and Monthly Statement of Activity 22 SAMPLE: OFFICIAL TRADE CONFIRM FROM CLEARING AGENT: CANTOR FITZGERALD FED -ELIGIBLE SECURITIES Introduced Through The Courtesy Of THANK YOU .,. for letting us serve you. Amount due or securllles duo must be received in our office on or before settlement date shown below. Retain We original for your records and tax purposes. Codes -See Beds for Explanations POSSIBLE DUPLICATE CONFIRMATION fymbol Aocount No. r TMw. No, LW Cap" Ina!' Trade Dale Settlarn-M DOM Ole RR 3804UB 60981374 1 G0039 G 2 V 0713=014 1 08/0412014 LA 1 08 Swell DdMary Imma"a CITY OF SACRAMENTO BANK OF NEW YORK CIO CITY OF SACRAMENTO 9151STREET SACRAMENTO CA 95814 AX SAF73002002 CuaI-ft Cl Nunnbar 8-u* DaaoWJon CouporbWah ily You Sold 5000000 _T 3133804U8 FEDERAL HOME LOAN BANKS CPR: 0.74 08109116 0.740% 08109116 DTD: t18/09/12 Cancelled Trade. 07/312014 Pdm Pdnclpd 99.90 4,995,000.00 90cunty Is rubj0d b rodurol Is: r ier.v+u nnrumr* rw�a Mnrruairr unrc�wruymury Isom ew rRY Shc7rlr&.'461374 a 5ACRAMENTo: 6 00ron1110" atom T"dlnMnat Ro 0.00 1 8,176.51 1 0.00 Account Carried By: Cantor Fitzgerald & Co. EsUddlehed 190 �111 E- 50TH aTR 217, 7faw Ymk NY 10WR W". W"IWYiee1 MNc. Peat Net Amount USD 0.00 5,003 , 175.51 23 SAMPLE: MONTHLY STATEMENT OF FED —ELIGIBLE TRADE ACTIVITY FROM our clearin Agent: CANTOR FITZGERALD ®6n..eCLLc, C661k10ek BaclNitl" L.P. 111 East 561h SlT l Now York, NY 10022 v DATE REF NUM TRN 12121+17 122017 00024 ADJ 12121117 122017 00024 DLV 12121J17 122017 00024 BOT 1212IJ17 12191T 00013 1 ADJ 12121117 f 121917 00013 DLV 12121117 121917 00013 BOT 12121117 12191T 07002 NUT 12121/11' 121917 117004 BOT 12121/17 121917 OOD13 0XL CLIENT STATEMENT For The Period 1201117-12rM7 aUANTm 5,000,000- 5,000,000 a. 000, 000- 5,000.000 5, ODO, 000 5,000.000 5,000,000- CITY OF SACRAMENTO BANK OF NEW YORK CIO CIITY OF SACRAMENTO 9151STREET SACRAMENTO, CA 95814 ACCaIJNT M�ppgg DESCroPTION V111 7llu2a47 7IMD*l 161. WCK 1.779 9 07/2412019 BNOC.rO 1,79 0772i12018 T2i011NW961374 99gy in7SO11A1 4�f11x60EYEL BIf; IK(ER-AilERICAN DEVEL BK 1 750% OR 72.9K 24718 r7r��Q1.T50 I-ATURINO 0812} tK9%Ap�Opa��Bf3 d EYELgDBgK ACCO IIVT 0 ".4]7? INTER-AMERICNi Myn BK 1,750R OB124118 725335609a:374 B 7 7 D MATDRiNT D612 ACtR017 LhTSREBT 2�,A37. TNT7 Rr p"E8�pRp"AA'�6DDF."LgpSK ACCIWQA :NMgNTIEBT5Y 779,43 1Ni'501AdB7�AI776 EVE, 9A 7235U76OIal;57T4I�p ACCRUED INTERRW 20 43/. ACCOuNf NO. KIB NIWOCF IMPORTANT INFORMATION 80961374 XXXXXXXIO( If YOU NAVE ANY OUEPIONe UR ACCOUNT AL 40. ACCOI+NT EXECUTIVE. KEAAN CONCERCALL (ro21610-2 . LAOI IIYY _ C70GSAORATY AMOUNT COW TYPE 5.000.000.00- USD 1 USO t 100 5,000,000.00 U50 _ A B09 13 I 5.030.187.50- UN U30 r16 100.0360000 5,030,187.50 USD T A eae is 71a 100.0350000 5,030,167.W USO ' L AW"I$ �S6 100.0350000 5,030,167.50 U50 1 174 P4@p13 D 100,0350000 5,030,167.50• USO 1 L A ME" 13 �16 PAGE 1 of 2 24 E7 CLIENT STATEMENT For The Peded 12101117 -12/29117 Ca6I1606k SucurH4ra, L.P- ACCOMAC DATE I REPNUM I TM WANTRY DUOMnON AtICOW7N0 IM NDNYtiR � ACCODMD�vINE 60661274 xxl000[xxx OR T— a1mw�1,16� RLT AMOUNT OCV 12/21117 121917 07002 6%L 61000,000- 'A7LR; G++N{{? EVFL SK 100.03NDOO 61030.167.50- U6o 1 u6r an 10 1111AiuR14C 1g 12/26117 122217 00013 ADJ ACCRUIE� AI� I1ITEWAT 20, 437. UFJ 0 4,939.525.00- USD 1 1111:117 122217 00013 DLV 5 000,000- O a50G0�61741F DTNIrFJ 0 OI12912016 USD 1 12/2'17 122217 DD013 SOT 6,000,000 BTMUFJ 0 0412P2016 Pt L A 86.7905000 13 4,939,625.DO u6D 1 12/26117 121917 OD013 ADJ 51g669pO9g96{{fyy371 pB624 1H1 Fit- ERIcA11 �l N[ 6,030,187.50 USD 1 12/29017 121017 07004 ADJ 1.7607 WU74116 t;�ln_6617t�8SR16L• IAOEL 624 6,030,187.60- 090 1 12/28117 121917 00013 RO/ 5,000,000 1TPTER��A�p'MR[CdAiiI'teeft"EL KKK uw 1 12/26117 121917 07004 DLV 5,000.000• 1 , 7500 1lAi0RI1Mi 061Y N7E6Rp�MpppR[CAN 0E7{EL LK 1113 USD 1 1.7q4�002�fIAiIIRI110 ow f16 12/28117 122717 00016 ADJ %wro81716mm11 0 116 6,673,622.22- USD 12/28117 122717 00016 DLV 10.000,000. B0005N 0 OSg7p716 uS0 1 12/26117 122717 00015 SOT 10.000,000 98.7352222 9.073.622.22 USD 1 7�131d B L A f3 BALANCE SW Y CURRENCY OPSNINO BALANOS INFORMATION CLOGMW DAUNCB IRFORNATION OPENIMBALANCE EXCNANGEIIATE USD S 4VALBNT CLOWORALANCE EOCNANOERATE U6DRWVAUWT V9D 1 .00 $0.00 .00 1 90.00 CRY OF SACRAMENTO BANK OF NEW YORK PAGE 2012 25 h) Sample Research 26 Swr u ri i l vs Week Ended: March 151h, 2019- Market Wrap US equity markets rallied strongly asthe "goldilocks scenario" reasserts its pull into market dynamics, while softglobal economic data. likely means supportive central banks. Fed ChairJerome Powell setthe tone forthe weekafte r he reiterated the Fed's patlent stance in an Interview with 60 Minutes_ For the week, the S&P 500gained 2-9%with key leadership from Apple(+7.6%) pushing the S&P 500toits high for 2019 and close at its highest level since Oct.10-All eleven of the S&P 500 sectors postedgains with Technology (+4.9%), Healthcare (+3-2%) and Energy (+3.2%) outperforming. The industrials sector underperformed with a0.3%gain- Yie Ids on US Tre asury securities declined despite stronggains in risk assets, as sort econ Dmic data likely keeps the Federal Reserve on hold. The benchmark 10yrdeclined 4bpsto 2.59%while the long bondwas unchanged at 3-01%. Curve performance was mixed as 2s-10s declined 1.5bpsto+15and 5s-30sincreased 3.5bpsto+62. Activity in the new issue market came in above expectations as $27bn priced, bringing monthly supplyto $651on. Notable issuers included a quartet of domestic banks with Bank of America ($ 5bn), Cltlgroup ($2.5bn), JPMorgan ($2.25bn) and BB&T ($2 b n), all came with holdco transactions. Outside off the bank space, UPS priced a $1.5 bn 2-parttransaction. Current And Historical Yield Curve Treasuries 3.50% 3.DD% ►�.0 '•�{ cif 2.5036 ------ram --►�►► ........ s ..........>.w LeIYVv 2.00% 2-Year 3-Year 5-Year S&P SOO Sector Total Returns Sector Weekly Change I Month Change Cons. Discr. 2.65% I� 1.35. Cons. Sbples 2.38x 1-W. Energy 3.23% -0.067 Financials 3.01% 1.29' Healthcare 3.29% -0.5" Industrials 0.3D% -1.587 Materials 1.72% 2.151 Real Estate 2.41% 1.941 Technology 4.89% 5.211 Tetoom 2.32% 3.471 Utilities 1.90% ® 5.311 Investmerrt Grade New Issues rd avcVimwvb sor orRr -dicip ofs-,w MN .v 9,t.-T-r 1. 1 - a 10-Year 30-Year IM 1MthAeo r 3-Y 2.39 2.44 2.52 2.43 5-Y 2.40 2.43 2.52 2.63 10-Y 2.59 2.63 2.70 2.93 30-Y 3.01 3.01 3.03 3.06 Stock Indexes ta[est Cheroot Lwk % Chic 1 rrt DJ Industrials 25848.9 398.6 1.5796 S11kP 500 2822.5 79.4 2.89% ?Amdaq 7688.5 280.4 3.78% Russell2000 1553.5 31.7 2.08% NYSE Composite 22715.8 300.6 2.42% Lommoaitres & Lreort Year To Date Change latest Chats luvk % Che 1wk �2.30% Viiiiiiiiiiiii 9 27x Crude Oil 56.4 2.4 4.19% � Dollar Index 96.6 -0.7 -0.74% 4D% Gold 1302.2 3.8 0.29% 6 W% iBoxx Liquid 16 269.9 -12.4 -4.38% 7% Markit CDJI IG 57.9 -5.7 -8.97% 1o.z1x Economic Calendar 03/1JJ12019 101V NAHB Hous I na Me rket Indet Mar 63 62 03AW2019 10:00 FactoryOrden Jan 0.30% 0.10% 03/19l2019 10= Dura bl a Goods Orders Jan F C.4016 0.4016 03120/Z019 141M FDMC Its to Deci s i on (Upper) 20-Ms r 250% 2.50% .n CW2Q12019 14M i-011AC Its to Devi s i on (Lower) 20•-Mar 22910 22910 03/20/2019 14'0 Interest Rateon Excess Reserves 21-Ma r 2.40% 2.40% I IM IA h 1-11 IMAol M Mr, IM Yp lug IA 1.1 LM AIMI. 111 (AI 1■Nn1 fAL IA l.n ]�1 ].O 191NI 11 03/21f2019 06:30 Outlook Mar 5 -4.1 03/21/2039 08:30 Ini ti a I Joblesscl a i ms 16-Ma r 225k 22% 03j2"19 co 30 Conti nui n6 Cl a i ms 9-Ma r 17681h 1776t (W21/2019 10:00 Landin;Index Fab 0.10% -0.1096 0312VZOLS 09:45 MarkitU5ManuJacturingPMl MarP 53.6 53 03W2019 09:45 Markit US Se rvi ces PMI Mo r P SS.a 56 03JMI)19 10M Eid stl ns Home So I as Fab S.lOn 4.94m W/212019 14:00 Month IvBudget Statement Feb 5W.0b S8.7b Ile Wale. VV Val V�p ti LIVID. Mee Vk lti ��• IVrYrrVeYFl . �VII^�l VI VY Vr V ��f Val V VI Vr Y\01 R'i]tMtl�.�l �111��1.1�O.V.1 V II.InR.O/ OVA! ✓lee Ye mf.! V OVl/]V �� LJ-11V V VnVel leel• Vlrlr �a�]^ rw�� 4 m)!R V/IVYV.arr �V VrVL V! V VrVS! VR liv.l0 i,: 27 DAILY TREASURY & MONEY MARKET OVERVIEW United States of America I • Browse f 17:54:08 ] Fed Funds I FOHC Fed O/N Repo PS T-Sill C =' 2.4000 2.4300 50 FR 2.40 4W 2.44 +0.00 2.41 2.40 6FRO1 2.40 TGCR 2.38 21,1 2.46 +0.00 2.42 2.41 GCR 2.38 3M 2.44 +0.00 2.40 2.40 1-1 2.45 +0.00 2.40 2.39" 1Y 2.41 +0.00 2.35 2.34 ax 3ones I W 500 E-Wini Future KqSDAQ Composite 14 25516.83 +14.51 PX Fut 2907.00 -3.75 CCHP 7637.54 } US Bonds ( FIT* - - rn P*W,• 2 a 02/28/21 2.242 100-15 a 100-15+ + 04+ 15n 2.460 )UN 239 03/15/22 2.165 100-18 i 100-19 a + 07 30D 2.470 5EP 23 02/29/24 2.178 100-29 100-24 a + 09+ 60D 2.510 DEC 2 a 02/28/26 2.287 101-10+ 101-11+ + 10 90D 2.530 MAR 2 o 02/15/29 2.398 101-30+ 101-31+ + 11+ 120D 2.550 3UN 3 02/15/49 2.862 102-24 102-24+ + 08 .180D 2.570 SEP k spot F% I Fn ■ )Y 109.9798 Prime A 1.1313 BLR 3P 1.3190 FDTR IF 0.9924 Discm %D 1.3408 Emnomic Releases I ECO v Treasury & Money Markets Rcv Repo (Bid/Ask) 2.4000 2.4300 /N 2.47 2.45 2.4000 2.4700 114 2.90 2.85 2.4200 2.4800 21,1 2.85 2.80 2.4300 2.5000 IN 2.80 2.65 -5.13 B Commodity Index 184.31 +0.15 LIBOR F"rx 97.4650 IIAR 97.595 0/N 2.38900 97.5850 R 97.595 11-1 2.40925 97.6350 MAY 97.610 11.1 2.49888 97.7800 JUN 97.630 FT 2.55600 97.8800 JUL 97.670 hl 2.60988 97.9450 AUG 97.700 6M 2.67600 1Y 2.78700 5.50 3Y 2.2210 PY Hobe Future 4.25 5Y 2.1980 G6T 124-iD- + 09+ ) 30Y Has i BSTH n ' 'as. 2.50 10r' 2.3520 GNMA II 4 103-05 103-06 - Ol 3.00 30Y 2.5731 jNYM 1•1TI 58.82 -0.22 GOLD 4 102-30 102-31 + 01 GOLD 1320.51 -1.31 FWA 4 102-27 102-28 + 01 !1:, 03/25 08:30;U5 A . ( Chicago Fed Nat Activity Index Feb -0.38 -0,2 -0.43 -0.25 3D 03/25 10:30U5 Al. lballas Fed 1.1anf. Activity Ha 8.9 a 13.1 - 33) 03/26 08: US , i . FfouSing 5tasts _ Fe 121 -- 12301(-- Australia 61 2 9777 0600 Brazil 5611 2395 9000 Europe 44 20 7330 7600 GeMlany 49 69 9204 1210 Hong Kong 852 2977 6000 Japan 81 3 3201 E900 Singapore 65 6212 1000 U.S. 1 212 316 2000 Copyright 2019 Bloonberg Finance L.P. SN 051635 EDT GMT-4i00 G994-34-3 25-Mar-2019 17-54-08 Ready r 173663D (8 bit) 107 28 DAILY LIBOR AND I�11!, KI RATES with changes LIBOR --- - -- -- - - Today Yesterday Change lwk 2.00000 1.95000 +0.05000 (NXTW US0001w Index GY<GO>) 1ml 2.50269 2.51988 -0.01719 (NXTW US0001m Index GY<GO>) 2ml 2.61375 2.61950 -0.00575 (NXTW US0002m Index GY<GO>) 3ml 2.80763 2.79700 +0.03063 (NXTW US0003m Index GY<GO>) 6ml 2.87563 2.87313 +0.00250 (NXTW US0006m Index GY<GO>) 12ml 3.00544 3.01313 -0.00769 (NXTW US0012m Index GY<GO>) MMKTRates ---_.------------------- --------- ---------------------- Today Yesterday Change FF Eff 2.40000 2.40000 +0.00000 (NXTW FEDL01 Index GY<GO>) day lag SOFR 2.46000 2.44000 +0.02000 (NXTW SOFRRATE Index GY<GO>) day lag O/N Repo 3.75000 2.55000 +1.20000 (NXTW USRGIT Curncy GY<GO>) GCF Repo 2.55100 2.50300 +0.04800 (NXTW GCFRTSY Index GY<GO>) day lag Imo Bill Z.38750 (NXTW GBM Govt GY<GO>) 3mo Bill 2.40500 (NXTW G03 Govt GY<GO>) 6mo Bill 2.42500 (NXTW G66 Govt GY<GO>) lyr Bill 2.51750 (NXTW GB12 Govt GY<GO>) 6mo EDSF 2.73000 2.72139 +0.00861 (NXTW D"Y Comdty GY<GO>) lyr EDSF 2.73100 2.72116 +0.00984 (NXTW MY Comdty GY<GO>) 29 SAMPLE OF NEW ISSUE AGENCIES 1YR-3YR ISSUED IN 2 WEEK PERIOD Actions • Alerts - Summary Set Homepage Export - New Issue Moni# Selection 1-U.S. Agencies (NIM 2) - Snow Filters Clear Fitters Issues 10 10 10 10 10 10 10 10' 10' 11 11 11 11 11 11' 11i 11 Real Time D Issue History Date Ran a 03 11 19 03 25 19 11v New Issues NIh1Y Book Ngr Note Issuer Coupon; Maturity Spr... Curr Outst Fixed , 1-3 Years - AN • USD I - A D 13:02 FED HOME LN BANK 2.500 03/11/22 USD 1.2B1WFs JINCREASE )11:53 FREDDIE MAC 2.400 04/01/21 USD 15 MTBK-sole 2-NC1 1X 1) 10:40 FREDDIE MAC 2.600 01/10/22 USD 25 JOINT LEADSf2.75-NC3MBER 1) 3/22 IFREDDIE MAC 2.600 03/25/22 USD 25 PJC,RJA,VS 3-NC6M0 BERP! 3/22 FREDDIE MAC 2.500 03/25/22 USD 25 PJC,RJA,VS 3-NC1 1X 0 3/22 FREDDIE MAC 2.550 03/25/ USD 25 PJC,RJA,VS -NC1 BERM ) 3/21 FREDDIE MAC 2.50 03/26/21 USD 25 JOINT LEADS 2-NC1 BERM 3/21 FED HOME LN BANK 2.50 03/12/2 USD 223.05 JOINT LEADS12-NC INC i) 3/21 FREDDIE MAC 2.600 09/27/2 US 25 JOINT LEADS2.5-NC6h1BERh1 0 3/21 FED FARM CREDIT 2.570 09/28/21 USD 80 FTN,JPM,MS 2.5-NC31,1CONT ) 3/21 FED HOME LN BANK 3.375 06/12/20 USD 1.83BJOINT LEADS INCREASE ) 3/21 'FED HOME LN BANK 2.500 03/25/20 USD 73.5JOINT LEADS 1-NC INC 3/21 FREDDIE MAC 2.570 03/26/21 USD 25 JOINT LEADS 2-NC6MO BERM ) 3/21 FREDDIE MAC 2,500 09/27/21 USD 15 MTBK-sole 2.5-NC1 1X i 3/20 FED FARM CREDIT 2.520 03/26/21 USD 155 FTN,JP11,MS `2-NC1 CONINC ) 3/20 FED HOME LN BANK 2.875 09/11/20 USD 2.74B HSBC,1.1S,WFCINCREASE ) 3/18 FREDDIE MAC 2.610, 09/27/2 USD 25 FCS-sole 2.5-NC61,13ER14 118) 3/18 FREDDIE MAC 2.650 119) 3/18 FARMER MAC 2.600 120) 3/18 FED HOME LN BANK 2.600 12D 3/18 FED FARM CREDIT 2.530` 12h 3/18 FREDDIE MAC 2.575' 123) 3/15 FED FARM CREDIT 2.680, 124) 3/14 'FREDDIE MAC 2.600 0 3/14 FED FARM CREDIT 2.640 126) 3/14 FARMER MAC 2.630 121i 3/14 FARMER MAC 2.450 128) 3/14 FED HOME LN BANK 2.5501 129) 3/13 FED HOME LN BANK 2.6501 130) 3/13 FED HOME LN BANK 2.580� 13D 3/12 FED HOME LN BANK 2.37 132) 3/12 FED HOME LN BANK 2.62 d 133) 3/11 FED HOME LN BANK 2.670 134) 3/11 FED HOME LN BANK 2.650 03/25/2 10/01/2 03/26/2 09/25/2 03/25/2 03/25/2 03/25/2 09/21/2 03/25/2 12/01/2 09/27/2 09/27 USD 25 FCS-sole 3-NC6MO BERM USD 25 BB&T-sole 2.5-NC1 1X USD 15 STFL-sole 2-NC3MO BED' USD 100 JOINT LEADS! 1.5-NC31,1CONT USD 15 h1TBK-sole 3-NC1 1X USD 155 FTN,JPh1,MS 13-NC3MO CONT USD 25 STFL,SUN 3-NC1 1X USD 130JOINT LEADS 2.5-NC31,1CONT USD 10WS-sole 3-NC1 BERM USD 12VS-sole 2.75-NC USD 30 PJC,RJA,VS .2.5-NCI 1INC USD 70 PJC,RJA,VS .3-NC1 BERINC USD 15 PJC,RJA,VS 3-NC1 1X USD 873.24 WFC INCREASE USD 300 FT-N,HSBC 1.5-NC31,1INC USD 15 RBCCM-sale ;1.75-NC3MBER USD 15 FTN-sole 2.5-NC6MBERM 30 FORECAST: FED FUNDS fB2pApJkMkLfpR UPCOMING FED MEETINGS ExPat I World Interest Rate Probability United States iristrurnent Futures: Fed Funds -Effective Fed Effective Rate 2.41 © Owvlerr Current Implied Probabilities Add/Remove Rates • - - Dates Q I•'wing Q Calculation clalcu[ated 0312-smi9 .h aarwd nn raEm > 7S-,2 qn Meetinpi Nike Prob Cut Proh L25-L5. 1.5-L75 L75-2 2-2.25 2.25-2.5 Fwd Rabe 05/O1/201 0.0%; 6.2 0.0 0.0% DIM 6.2% 93.81 2.3 06/19/2019 0.0% 29.9% 0.0 0.01 2.61 28.3% 70. 11 2.3 07/31/2019 0.0%. 36.6 0.0 0.1 4.1 32,3% 63.4 2.3 09/18/201 0.0% 60.4 0.1 1.6% 14.71 44.0% 39.6% 2.21 10/30/2019 0.4 64. 0.2 3.1 18.1 43.5 35.1 2.1 12/11/2019 0.0 74.1% 1.0 T0% 24.7% 41.3% 25.9% 2.11 01/29/2020 0. 80.3 2.4 11.3% 28. 37.6i 19.7% 2.05 31 ra'Alcoak SAMPLE—INTRA-DAY TREASURY COMMENTARY FROM BLOOMBERG Treasuries Rally Gains Steam as Full Fed Cut Priced In for 2019 2019-03-25 (Bloomberg) -- A global rush to buy sovereign debt kept on going in Treasuries Monday, with bond traders increasing wagers that the Federal Reserve will have to cut interest rates later this year. Treasury 10-year yields fell as low as 2.3754 percent on Monday, touching the lowest level since December 2017 and moving toward the biggest two-day slide since January: The push lower came amid a continued repricing of the Fed's policy outlook, with overnight index swaps showing that 25 basis points worth of easing are expected by the central bank's October meeting. Investors scrambling to cover bets against Treasuries may be behind Monday's move, according to BMO Capital Markets strategist Jon Hill. "The price action itself is the story," Hill said. "It's a combination of stops and capitulation of the remaining short base in the front end." The 10-year yield has also fallen below the effective fed funds rate -- the overnight benchmark targeted by the U.S. central bank, which currently stands around 2.41 percent. The market is now indicating around 8 basis points of cuts priced into the Fed's June meeting, and a full quarter -point cut by the end of this year, based on overnight index swaps. The yield spread between 3-month and 10-year securities, often used as an indicator of recession risk, last week flipped for the first time in more than a decade and Monday's price moves drove it even further below zero. Positioning was one of the driving forces behind Friday's rally, which saw Treasuries grind higher across the curve after weak German manufacturing data reignited global growth concerns. "There is nothing driving the markets today news -wise other than inertia," said Neil Dutta, head of economics at Renaissance Macro Research. "The market is reacting to itself." "Important note In addition to our own proprietary commentary and analytical capahilibes, CasdeOak has access to multiple sources of research, commentary and forecasts from our friends in the industry including Crane Data, Moody's, Bloomberg, Barclays, Bank of America, and Federated to name a few. If La Quinta has a research request, we will accommodate it, 32 Fee Schedule- Not Applicable Castle0ak never charges fees of any type. We do not act as custodian nor do we manage any discretionary accounts. 1) Schedule of fees 33/end