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Vining
From:Moody, Cheryl To:Rosemary Hallick Cc:Pearson, Melissa; Karla Romero Subject:Re-issue of RFI for broker/dealer services Date:Monday, June 10, 2019 12:21:45 PM Attachments:references.docx 2018 VS Financial Report.pdf BrokerCk - Josh.pdf BrokerCk - VS.pdf VSIBG FOCUS DEC 2017.pdf VSIBG FOCUS DEC 2018.pdf VSIBG FOCUS - MAR 2019.pdf ** EXTERNAL: This message originated outside of the City of La Quinta. Please use proper judgement and caution when opening attachments, clicking links or responding to requests for information. ** June 10, 2019 Ms. Rosemary Hallick City of La Quinta La Quinta, CA Ms. Hallick, This is to confirm that we do wish to continue to be considered for approval as a broker/dealer to conduct business with the City of La Quinta. Please use our original submission for the approval process in addition to the updated information we are providing below. In response to the new items included in Section 1 of the Broker/Dealer Request for Information, we can state that we do have access to multiple broker/dealer inventories for competitive pricing. Additionally, we do provide an online platform for investment research, portfolio management, and inventory availability. We expect to implement an on-line trading platform in the near future. To further update our previous submission, we are providing the following in response to Section 2: · Our most 12/31/2018 Audited Financial Report. · Copies of our last 2 year-end Focus Reports (Form X-17A-5) and our most recent quarterly Focus Report. · Current BrokerCheck Report for Vining Sparks. · Current BrokerCheck Report for Josh Gorham. With regard to Disclosure Events, please note that we have had no such events as described in Section 2 of the Request for Information. Also, we would like to add the attached updated list of customer references. We appreciate the opportunity to submit these responses. Please let us know if there are any questions or if additional information is needed. Cheryl Moody Asst. Office Manager Vining Sparks REFERENCES Entity: City of South Gate, CA Entity: City of Pleasanton Contact: Nellie Ruiz Contact: John Furtado Telephone: 323-563-9523 Telephone: 925-931-5411 Client Since: 4-1/2 years Client Since: 6 months Entity: City of Folsom, CA Entity: City of Walnut Creek Contact: John Donoghue Contact: Ron Cassano, Treas. Telephone: 916-355-7334 Telephone: 925-943-5800 Client Since: 2-1/2 years Client Since: 1 month Entity: Costa Mesa Water Dist., CA Entity: City of Pinole Contact: Marwan Khalifa, CFO Contact: Andrea Miller Telephone: 949-207-5456 Telephone: 510-724-9823 Client Since: 2-1/2 years Client Since: 1 month Entity: City of Rancho Palos Verdes, CA Contact: Deborah Cullen Telephone: 310-377-0360 Client Since: 2-1/2 years Entity: City of Elk Grove, CA Contact: Brad Koehn Telephone: 916-627-3221 Client Since: 2 years Entity: City of La Verne, CA Contact: Nathan Statham, Dir. Of Finance Telephone: 949-596-8726 Client Since: 2 years Entity: Del Norte County Contact: Barbara Lopez Telephone: 704-464-7283 Client Since: 1 year Entity: Mono County Contact: Gerald Frank, Treasurer Telephone: 760-932-5480 Client Since: 1 year Entity: City of El Segundo Contact: Dino Marsocci, Deputy Treasurer Telephone: 310-534-2310 Client Since: 1.5 years Entity: City of Gardena Contact: Jennifer Ramos, Deputy Treasurer Telephone: 310-217-9664 Client Since: 1.25 years Vining Sparks, IBG info@viningsparks.com 800‐829‐0321 Vining Sparks is nationally and globally recognized as a leading broker/dealer in serving the investment needs of institutional investors. The firm was originally founded by Jim Vining to serve the investment and asset/liability needs of community banks. From an initial staff of 17 people, Vining Sparks has significantly expanded its national and world‐wide footprint. It now employs more than 400 people in various domestic offices and Europe. The firm’s diverse customer base totals approximately 4,500 institutional investors and includes banks, savings and loans, credit unions, municipalities, money managers, trust departments, insurance companies, pension funds, and investment advisors. Vining Sparks has close to approximately $100 million in capital and an annual trading volume exceeding $250 billion with customers located in all 50 states and many foreign countries. Customers of Vining‐Sparks receive access to proprietary analytical tools that assist them in the investment portfolio decision‐making process. The goal of these tools is to assist clients of all types in making decisions that are appropriate based on the client’s specific investment objectives. This assistance is available either online or through access with an investment professional. Vining Sparks has invested heavily in online tools so that their sophisticated client base can access their own holdings at any time and perform analytics over the internet. For customers needing personalized investment advice or assistance, the firm employs specialized professionals from varied backgrounds such as certified public accountants, chartered financial analysts, former Wall Street professionals and investment officers, as well as experts in other industries. The firm has developed an in‐house computer system that continually monitors all customer portfolios. This real‐time system is able to alert customers to any number of situations that they need to be aware of. Examples include bonds that have been called, bonds with timely news updates, and other strategy‐related issues. Vining Sparks is very active in providing investment education to its current and prospective customer base. Each year, the firm holds dozens of seminars in various locations across the country. Unique Products and Services In addition to the assistance provided through proprietary analytics and education, the Vining Sparks’ trading desk carries its own inventory of a wide variety of fixed income securities. This inventory includes, but is not limited to the following: government agency securities, mortgage‐ backed and CMO securities, corporate bonds, municipal bonds, and Small Business Administration securities. Additionally, the firm’s trading desk electronically captures and analyzes other firms’ holdings which allows its customers a broadened view of offerings available in the fixed income universe. Vining Sparks can also structure and bring new securities to market for agencies of the U.S. government. By being able to tailor these securities to customers’ needs, the firm is consistently ranked as one of the country’s top 15 underwriters of newly issued agency debt. If you would like to learn more about how Vining Sparks can serve you, feel free to contact your account representative or call Randy Wade, Executive Vice Presiident, at (800) 829‐0321. Company Overview Vining Sparks, IBG info@viningsparks.com 800‐829‐0321 Products & Services for Government Portfolio Managers Vining Sparks is pleased to introduce you to its products and services designed specifically for government portfolios. As a national leader in executing fixed income securities transactions for institutional investors, Vining Sparks is uniquely qualified to provide governmental portfolio managers with opportunities to better meet their stated objectives. Our approach to successful investing combines strategic support services with broad trading capabilities. Some specific details of our services for government portfolios are listed below: •Vining Sparks is one of the world’s top 15 underwriters of newly issued debt by agencies of the U.S. Government. As such, we can structure deals specifically for you or let you know as new deals come to market. •As a regional dealer, we have “one call access” to a wide array of primary dealer and regional inventories (including those you don’t regularly deal with). Our active trading desk is staffed by twenty‐five trading professionals and even though we have our own inventory totaling hundreds of millions of dollars, we are not limited to just our own inventory. •Through our in‐house proprietary portfolio management system, VPORT, we can provide monthly pricing for virtually all fixed income securities. This system utilizes a variety of electronic pricing services and then selects the best source for each market sector and sector type. This approach is more accurate than using a single pricing source or a pricing matrix. Our VPORT system also provides: –Immediate notification of called securities by daily electronic monitoring; –Predicted call dates updated regularly based on the current treasury curve and newly issued security levels; and –five‐year, month‐by‐month projection of cash flows based on predicted calls and projected prepayment speeds on amortizing securities. –Material events that occur related to your municipal bond holdings –Notification when our inventory contains an item matching one of your portfolio holdings so that you can possibly “add to” your current holdings and help reduce the number of positions in the portfolio –Price volatility stress testing for your individual holdings •Vining Sparks is one of the more active poolers of Small Business Administration Guaranteed Loan Pool Certificates (SBA GLPCs). These securities carry the full faith and credit of the U.S. Government and offer investors a floating rate security with no periodic or life caps. Vining Sparks, IBG info@viningsparks.com 800‐829‐0321 Products & Services for Government Portfolio Managers •Soft dollar arrangements are available for other services such as bond accounting and safekeeping which you might need but are not listed above. Vining Sparks is headquartered in Memphis, Tennessee and has offices throughout the United States. It employs roughly 150 registered representatives and 25 traders who serve roughly 4,500 active institutional customers. These customers are located in all 50 states and several foreign countries. As mentioned earlier, Vining Sparks’ uniqueness is the combination of support services with effective transaction execution to assist its customers in meeting their objectives. If you have any questions, please contact your account representative or Randy Wade, Executive Vice President at (800) 829‐0321. Biography Name Josh C. Gorham Employment: 2015 – Present Vining Sparks, Memphis, TN; Seattle, WA Office; Vice President. 2013 – 2015 Vining Sparks, Memphis, TN; Seattle, WA Office; Investment Officer. 2012 – 2013 Madison Street Capital, Chicago, IL; Director. 2010 – 2012 CBM,Inc, Santa Ana, CA; Vice President. 2009 – 2010 RCS, Inc, Santa Fe Springs, CA; Corporate Development Manager. 2007 – 2008 Emerson Electric, Saint Louis, MO; Strategic Planning Manager. Education: Vanderbilt University, MBA - Accounting, Finance, Strategy; Nashville, TN. GPA: 3.64 University of California, Irvine, MS Chemical Engineering, Irvine, CA GPA: 3.53 Bucknell University, BS Chemical Engineering, Lewisburg, PA. GPA: 3.1 Professional: General Securities Representative – Series 7 State Securities Examination – Series 63 BrokerCheck ReportJOSH CLARK GORHAMSection TitleReport SummaryBroker QualificationsRegistration and Employment HistoryDisclosure EventsCRD# 616297712 - 456Page(s) About BrokerCheck®BrokerCheck offers information on all current, and many former, registered securities brokers, and all current and formerregistered securities firms. FINRA strongly encourages investors to use BrokerCheck to check the background ofsecurities brokers and brokerage firms before deciding to conduct, or continue to conduct, business with them.āWhat is included in a BrokerCheck report?āBrokerCheck reports for individual brokers include information such as employment history, professionalqualifications, disciplinary actions, criminal convictions, civil judgments and arbitration awards. BrokerCheckreports for brokerage firms include information on a firm’s profile, history, and operations, as well as many of thesame disclosure events mentioned above.āPlease note that the information contained in a BrokerCheck report may include pending actions orallegations that may be contested, unresolved or unproven. In the end, these actions or allegations may beresolved in favor of the broker or brokerage firm, or concluded through a negotiated settlement with no admissionor finding of wrongdoing.āWhere did this information come from?āThe information contained in BrokerCheck comes from FINRA’s Central Registration Depository, orCRD® and is a combination of:Rinformation FINRA and/or the Securities and Exchange Commission (SEC) require brokers andbrokerage firms to submit as part of the registration and licensing process, andRinformation that regulators report regarding disciplinary actions or allegations against firms or brokers.āHow current is this information?āGenerally, active brokerage firms and brokers are required to update their professional and disciplinaryinformation in CRD within 30 days. Under most circumstances, information reported by brokerage firms, brokersand regulators is available in BrokerCheck the next business day.āWhat if I want to check the background of an investment adviser firm or investment adviserrepresentative?āTo check the background of an investment adviser firm or representative, you can search for the firm orindividual in BrokerCheck. If your search is successful, click on the link provided to view the available licensingand registration information in the SEC's Investment Adviser Public Disclosure (IAPD) website athttps://www.adviserinfo.sec.gov. In the alternative, you may search the IAPD website directly or contact your statesecurities regulator at http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/P455414.āAre there other resources I can use to check the background of investment professionals?āFINRA recommends that you learn as much as possible about an investment professional before decidingto work with them. Your state securities regulator can help you research brokers and investment adviserrepresentatives doing business in your state.āThank you for using FINRA BrokerCheck.For more information aboutFINRA, visit www.finra.org.Using this site/information meansthat you accept the FINRABrokerCheck Terms andConditions. A complete list ofTerms and Conditions can befound atFor additional information aboutthe contents of this report, pleaserefer to the User Guidance orwww.finra.org/brokercheck. Itprovides a glossary of terms and alist of frequently asked questions,as well as additional resources.brokercheck.finra.org JOSH C. GORHAMCRD# 6162977Currently employed by and registered with thefollowing Firm(s):VINING SPARKS2107 ELLIOTT AVENUESUITE 208SEATTLE, WA 98121CRD# 27502Registered with this firm since: 03/14/2013Report Summary for this BrokerThis report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.Disclosure EventsAll individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.Are there events disclosed about this broker?YesThe following types of disclosures have beenreported:TypeCountJudgment/Lien1Broker QualificationsThis broker is registered with:1 Self-Regulatory Organization23 U.S. states and territoriesThis broker has passed:0 Principal/Supervisory Exams2 General Industry/Product Exams1 State Securities Law ExamRegistration HistoryThis broker was previously registered with thefollowing securities firm(s):No information reported.www.finra.org/brokercheckUser Guidance1©2019 FINRA. All rights reserved. Report about JOSH C. GORHAM. www.finra.org/brokercheckUser GuidanceBroker QualificationsRegistrationsThis section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currentlyregistered and licensed with, the category of each license, and the date on which it became effective. This section alsoprovides, for every brokerage firm with which the broker is currently employed, the address of each branch where thebroker works.This individual is currently registered with 1 SRO and is licensed in 23 U.S. states and territories through his orher employer.Employment 1 of 1Firm Name:Main Office Address:Firm CRD#:VINING SPARKS27502775 RIDGE LAKE BLVD.SUITE 200MEMPHIS, TN 38120SRO Category Status DateFINRAGeneral Securities RepresentativeAPPROVED03/14/2013U.S. State/TerritoryCategory Status DateArizona AgentAPPROVED09/24/2013California AgentAPPROVED06/17/2013Florida AgentAPPROVED02/21/2014Idaho AgentAPPROVED03/29/2018Kentucky AgentAPPROVED06/08/2018Louisiana AgentAPPROVED06/08/2018Maryland AgentAPPROVED07/22/2014Michigan AgentAPPROVED06/08/2015Minnesota AgentAPPROVED06/17/2013Missouri AgentAPPROVED10/31/2014Montana AgentAPPROVED06/08/2018New Hampshire AgentAPPROVED03/29/2018New Mexico AgentAPPROVED06/08/2018U.S. State/TerritoryCategory Status DateNew York AgentAPPROVED01/07/2014North Dakota AgentAPPROVED09/12/2014Ohio AgentAPPROVED06/08/2018Oklahoma AgentAPPROVED06/08/2015Oregon AgentAPPROVED06/17/2013Pennsylvania AgentAPPROVED07/24/2013Texas AgentAPPROVED10/31/2014Virginia AgentAPPROVED06/08/2018Washington AgentAPPROVED04/29/2013Wisconsin AgentAPPROVED06/05/20142©2019 FINRA. All rights reserved. Report about JOSH C. GORHAM. www.finra.org/brokercheckUser GuidanceBroker QualificationsEmployment 1 of 1, continuedBranch Office LocationsVINING SPARKS2107 ELLIOTT AVENUESUITE 208SEATTLE, WA 981213©2019 FINRA. All rights reserved. Report about JOSH C. GORHAM. www.finra.org/brokercheckUser GuidanceBroker QualificationsIndustry Exams this Broker has PassedThis individual has passed 0 principal/supervisory exams, 2 general industry/product exams, and 1 statesecurities law exam.This section includes all securities industry exams that the broker has passed. Under limited circumstances, a brokermay attain a registration after receiving an exam waiver based on exams the broker has passed and/or qualifying workexperience. Any exam waivers that the broker has received are not included below.Exam Category DatePrincipal/Supervisory ExamsNo information reported.Exam Category DateGeneral Industry/Product ExamsSecurities Industry Essentials Examination10/01/2018SIEGeneral Securities Representative Examination03/13/2013Series 7Exam Category DateState Securities Law ExamsUniform Securities Agent State Law Examination04/27/2013Series 63Additional information about the above exams or other exams FINRA administers to brokers and other securitiesprofessionals can be found at www.finra.org/brokerqualifications/registeredrep/.4©2019 FINRA. All rights reserved. Report about JOSH C. GORHAM. www.finra.org/brokercheckUser GuidanceRegistration and Employment HistoryRegistration HistoryRegistration Dates Firm Name CRD# Branch LocationThe broker previously was registered with the following firms:No information reported.Employment HistoryEmployment Dates Employer Name Employer LocationThis section provides up to 10 years of an individual broker's employment history as reported by the individual broker onthe most recently filed Form U4.Please note that the broker is required to provide this information only while registered with FINRA or a nationalsecurities exchange and the information is not updated via Form U4 after the broker ceases to be registered.Therefore, an employment end date of "Present" may not reflect the broker's current employment status.02/2013 - Present VINING SPARKS SEATTLE, WA06/2012 - 01/2013 MADISON STREET CAPITAL CHICAGO, IL01/2011 - 05/2012 CUSTOM BUILT MACHINES SANTA ANA, CA07/2009 - 12/2010 ROHRBACK COSASCO SYSTEMS SANTA FE SPRINGS, CA06/2007 - 06/2009 EMERSON ELECTRIC IRVINE, CAOther Business ActivitiesThis section includes information, if any, as provided by the broker regarding other business activities the broker iscurrently engaged in either as a proprietor, partner, officer, director, employee, trustee, agent or otherwise. This sectiondoes not include non-investment related activity that is exclusively charitable, civic, religious or fraternal and isrecognized as tax exempt.No information reported.5©2019 FINRA. All rights reserved. Report about JOSH C. GORHAM. www.finra.org/brokercheckUser GuidanceDisclosure EventsWhat you should know about reported disclosure events:1.All individuals registered to sell securities or provide investment advice are required to disclose customercomplaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings, and criminal or civiljudicial proceedings.2.Certain thresholds must be met before an event is reported to CRD, for example:RA law enforcement agency must file formal charges before a broker is required to disclose a particularcriminal event.RA customer dispute must involve allegations that a broker engaged in activity that violates certain rulesor conduct governing the industry and that the activity resulted in damages of at least $5,000.R3.Disclosure events in BrokerCheck reports come from different sources:RAs mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers,brokerage firms and regulators. When more than one of these sources reports information for the samedisclosure event, all versions of the event will appear in the BrokerCheck report. The different versionswill be separated by a solid line with the reporting source labeled.R4.There are different statuses and dispositions for disclosure events:RA disclosure event may have a status ofpending, on appeal,orfinal.A "pending" event involves allegations that have not been proven or formally adjudicated.An event that is "on appeal" involves allegations that have been adjudicated but are currentlybeing appealed.A "final" event has been concluded and its resolution is not subject to change.RA final event generally has a disposition ofadjudicated, settledorotherwise resolved.An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or(2) an administrative panel in an action brought by a regulator that is contested by the partycharged with some alleged wrongdoing.A "settled" matter generally involves an agreement by the parties to resolve the matter. Pleasenote that brokers and brokerage firms may choose to settle customer disputes or regulatorymatters for business or other reasons.A "resolved" matter usually involves no payment to the customer and no finding of wrongdoingon the part of the individual broker. Such matters generally involve customer disputes.For your convenience, below is a matrix of the number and status of disclosure events involving this broker.Further information regarding these events can be found in the subsequent pages of this report. You also maywish to contact the broker to obtain further information regarding these events.Final On AppealPendingJudgment/Lien 1 N/A N/A6©2019 FINRA. All rights reserved. Report about JOSH C. GORHAM. www.finra.org/brokercheckUser Guidance7©2019 FINRA. All rights reserved. Report about JOSH C. GORHAM. www.finra.org/brokercheckUser GuidanceDisclosure Event DetailsWhen evaluating this information, please keep in mind that a discloure event may be pending or involve allegationsthat are contested and have not been resolved or proven. The matter may, in the end, be withdrawn, dismissed,resolved in favor of the broker, or concluded through a negotiated settlement for certain business reasons (e.g., tomaintain customer relationships or to limit the litigation costs associated with disputing the allegations) with noadmission or finding of wrongdoing.This report provides the information exactly as it was reported to CRD and therefore some of the specific data fieldscontained in the report may be blank if the information was not provided to CRD.Judgment / LienThis type of disclosure event involves an unsatisfied and outstanding judgments or liens against the broker.Disclosure 1 of 1Reporting Source:BrokerJudgment/Lien Amount:$13,151.32Judgment/Lien Holder:State of CaliforniaJudgment/Lien Type:TaxDate Filed with Court:01/18/2019Judgment/Lien Outstanding?YesType of Court:Sacramento County ClerkName of Court:Sacramento County Clerk-RecorderLocation of Court:Sacramento County, CADocket/Case #:201901180826Date Individual Learned:01/18/20198©2019 FINRA. All rights reserved. Report about JOSH C. GORHAM. www.finra.org/brokercheckUser GuidanceEnd of ReportThis page is intentionally left blank.9©2019 FINRA. All rights reserved. Report about JOSH C. GORHAM. Demetri Patikas EVP and Director of Sales Memphis, Tennessee Before coming to Vining Sparks, Demetri most recently served as President and CEO of Duncan Williams Asset Management. Prior to that role, he held various positions at Duncan –Williams, Inc. including that of Executive Vice President of the Private Client Group and head of the firm’s Corporate Strategies Group. Earlier in his career Demetri was a Senior Vice President of FTN Financial. Mr. Patikas serves on the board of Shelby Farms Park Conservancy. The Memphis Symphony Orchestra, and the Methodist Healthcare Foundation. He also serves on the board of Teach for America and The Thomas W. Briggs Foundation and was a founding board member of the Bond Dealers of America. BrokerCheck ReportGEORGE DEMETRI PATIKASSection TitleReport SummaryBroker QualificationsRegistration and Employment HistoryCRD# 260162212 - 67Page(s) About BrokerCheck®BrokerCheck offers information on all current, and many former, registered securities brokers, and all current and formerregistered securities firms. FINRA strongly encourages investors to use BrokerCheck to check the background ofsecurities brokers and brokerage firms before deciding to conduct, or continue to conduct, business with them.āWhat is included in a BrokerCheck report?āBrokerCheck reports for individual brokers include information such as employment history, professionalqualifications, disciplinary actions, criminal convictions, civil judgments and arbitration awards. BrokerCheckreports for brokerage firms include information on a firm’s profile, history, and operations, as well as many of thesame disclosure events mentioned above.āPlease note that the information contained in a BrokerCheck report may include pending actions orallegations that may be contested, unresolved or unproven. In the end, these actions or allegations may beresolved in favor of the broker or brokerage firm, or concluded through a negotiated settlement with no admissionor finding of wrongdoing.āWhere did this information come from?āThe information contained in BrokerCheck comes from FINRA’s Central Registration Depository, orCRD® and is a combination of:Rinformation FINRA and/or the Securities and Exchange Commission (SEC) require brokers andbrokerage firms to submit as part of the registration and licensing process, andRinformation that regulators report regarding disciplinary actions or allegations against firms or brokers.āHow current is this information?āGenerally, active brokerage firms and brokers are required to update their professional and disciplinaryinformation in CRD within 30 days. Under most circumstances, information reported by brokerage firms, brokersand regulators is available in BrokerCheck the next business day.āWhat if I want to check the background of an investment adviser firm or investment adviserrepresentative?āTo check the background of an investment adviser firm or representative, you can search for the firm orindividual in BrokerCheck. If your search is successful, click on the link provided to view the available licensingand registration information in the SEC's Investment Adviser Public Disclosure (IAPD) website athttps://www.adviserinfo.sec.gov. In the alternative, you may search the IAPD website directly or contact your statesecurities regulator at http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/P455414.āAre there other resources I can use to check the background of investment professionals?āFINRA recommends that you learn as much as possible about an investment professional before decidingto work with them. Your state securities regulator can help you research brokers and investment adviserrepresentatives doing business in your state.āThank you for using FINRA BrokerCheck.For more information aboutFINRA, visit www.finra.org.Using this site/information meansthat you accept the FINRABrokerCheck Terms andConditions. A complete list ofTerms and Conditions can befound atFor additional information aboutthe contents of this report, pleaserefer to the User Guidance orwww.finra.org/brokercheck. Itprovides a glossary of terms and alist of frequently asked questions,as well as additional resources.brokercheck.finra.org GEORGE D. PATIKASCRD# 2601622Currently employed by and registered with thefollowing Firm(s):ICBA SECURITIES775 RIDGE LAKE BLVD.SUITE 200MEMPHIS, TN 38120CRD# 24088Registered with this firm since: 02/23/2017VINING SPARKS775 RIDGE LAKE BLVD.SUITE 200MEMPHIS, TN 38120CRD# 27502Registered with this firm since: 02/23/2017Report Summary for this BrokerThis report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.Disclosure EventsAll individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.Are there events disclosed about this broker?NoInvestment Adviser RepresentativeInformationhttps://www.adviserinfo.sec.govThe information below represents the individual'srecord as a broker. For details on this individual'srecord as an investment adviser representative,visit the SEC's Investment Adviser PublicDisclosure website atBroker QualificationsThis broker is registered with:1 Self-Regulatory Organization53 U.S. states and territoriesThis broker has passed:1 Principal/Supervisory Exam3 General Industry/Product Exams2 State Securities Law ExamsRegistration HistoryThis broker was previously registered with thefollowing securities firm(s):DUNCAN-WILLIAMS, INC.CRD# 6950MEMPHIS, TN03/2008 - 10/2015FTN FINANCIAL SECURITIES CORPCRD# 46346MEMPHIS, TN05/2000 - 06/2005www.finra.org/brokercheckUser Guidance1©2019 FINRA. All rights reserved. Report about GEORGE D. PATIKAS. www.finra.org/brokercheckUser GuidanceBroker QualificationsRegistrationsThis section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currentlyregistered and licensed with, the category of each license, and the date on which it became effective. This section alsoprovides, for every brokerage firm with which the broker is currently employed, the address of each branch where thebroker works.This individual is currently registered with 1 SRO and is licensed in 53 U.S. states and territories through his orher employer.Employment 1 of 2Firm Name:Main Office Address:Firm CRD#:ICBA SECURITIES24088775 RIDGE LAKE BLVD.SUITE 200MEMPHIS, TN 38120SRO Category Status DateFINRAGeneral Securities PrincipalAPPROVED02/23/2017FINRAGeneral Securities RepresentativeAPPROVED02/23/2017FINRAMunicipal Securities RepresentativeAPPROVED02/23/2017U.S. State/TerritoryCategory Status DateArkansas AgentAPPROVED01/05/2018California AgentAPPROVED10/05/2017Colorado AgentAPPROVED10/05/2017Florida AgentAPPROVED10/05/2017Illinois AgentAPPROVED01/05/2018Kansas AgentAPPROVED10/05/2017Missouri AgentAPPROVED10/05/2017New Jersey AgentAPPROVED10/05/2017New York AgentAPPROVED10/05/2017Tennessee AgentAPPROVED02/23/2017Texas AgentAPPROVED10/05/2017U.S. State/TerritoryCategory Status DateWashington AgentAPPROVED10/05/20172©2019 FINRA. All rights reserved. Report about GEORGE D. PATIKAS. www.finra.org/brokercheckUser GuidanceBroker QualificationsEmployment 1 of 2, continuedBranch Office LocationsICBA SECURITIES775 RIDGE LAKE BLVD.SUITE 200MEMPHIS, TN 38120Employment 2 of 2Firm Name:Main Office Address:Firm CRD#:VINING SPARKS27502775 RIDGE LAKE BLVD.SUITE 200MEMPHIS, TN 38120SRO Category Status DateFINRAGeneral Securities PrincipalAPPROVED02/23/2017FINRAGeneral Securities RepresentativeAPPROVED02/23/2017FINRAMunicipal Securities RepresentativeAPPROVED02/23/2017U.S. State/TerritoryCategory Status DateAlabama AgentAPPROVED02/23/2017Alaska AgentAPPROVED02/23/2017Arizona AgentAPPROVED02/23/2017Arkansas AgentAPPROVED02/23/2017California AgentAPPROVED02/23/2017Colorado AgentAPPROVED02/23/2017Connecticut AgentAPPROVED02/23/2017Delaware AgentAPPROVED02/23/2017District ofColumbiaAgentAPPROVED02/23/2017U.S. State/TerritoryCategory Status DateFlorida AgentAPPROVED02/23/2017Georgia AgentAPPROVED02/23/2017Hawaii AgentAPPROVED02/23/2017Idaho AgentAPPROVED02/23/2017Illinois AgentAPPROVED02/23/2017Indiana AgentAPPROVED02/23/2017Iowa AgentAPPROVED02/23/2017Kansas AgentAPPROVED02/23/2017Kentucky AgentAPPROVED02/23/2017Louisiana AgentAPPROVED02/23/20173©2019 FINRA. All rights reserved. Report about GEORGE D. PATIKAS. www.finra.org/brokercheckUser GuidanceBroker QualificationsEmployment 2 of 2, continuedU.S. State/TerritoryCategory Status DateMaine AgentAPPROVED02/23/2017Maryland AgentAPPROVED02/23/2017Massachusetts AgentAPPROVED02/23/2017Michigan AgentAPPROVED02/23/2017Minnesota AgentAPPROVED02/23/2017Mississippi AgentAPPROVED02/23/2017Missouri AgentAPPROVED02/23/2017Montana AgentAPPROVED02/23/2017Nebraska AgentAPPROVED02/23/2017Nevada AgentAPPROVED02/23/2017New Hampshire AgentAPPROVED02/23/2017New Jersey AgentAPPROVED02/23/2017New Mexico AgentAPPROVED02/23/2017New York AgentAPPROVED02/23/2017North Carolina AgentAPPROVED02/23/2017North Dakota AgentAPPROVED02/23/2017Ohio AgentAPPROVED02/23/2017Oklahoma AgentAPPROVED02/23/2017Oregon AgentAPPROVED02/23/2017Pennsylvania AgentAPPROVED02/23/2017Puerto Rico AgentAPPROVED02/23/2017Rhode Island AgentAPPROVED02/23/2017South Carolina AgentAPPROVED02/23/2017South Dakota AgentAPPROVED02/23/2017Tennessee AgentAPPROVED02/23/2017U.S. State/TerritoryCategory Status DateTexas AgentAPPROVED02/23/2017Utah AgentAPPROVED02/23/2017Vermont AgentAPPROVED02/23/2017Virgin Islands AgentAPPROVED02/23/2017Virginia AgentAPPROVED02/23/2017Washington AgentAPPROVED02/23/2017West Virginia AgentAPPROVED02/23/2017Wisconsin AgentAPPROVED02/23/2017Wyoming AgentAPPROVED02/23/20174©2019 FINRA. All rights reserved. Report about GEORGE D. PATIKAS. www.finra.org/brokercheckUser GuidanceBroker QualificationsEmployment 2 of 2, continuedBranch Office LocationsVINING SPARKS775 RIDGE LAKE BLVD.SUITE 200MEMPHIS, TN 381205©2019 FINRA. All rights reserved. Report about GEORGE D. PATIKAS. www.finra.org/brokercheckUser GuidanceBroker QualificationsIndustry Exams this Broker has PassedThis individual has passed 1 principal/supervisory exam, 3 general industry/product exams, and 2 statesecurities law exams.This section includes all securities industry exams that the broker has passed. Under limited circumstances, a brokermay attain a registration after receiving an exam waiver based on exams the broker has passed and/or qualifying workexperience. Any exam waivers that the broker has received are not included below.Exam Category DatePrincipal/Supervisory ExamsGeneral Securities Principal Examination09/06/2012Series 24Exam Category DateGeneral Industry/Product ExamsSecurities Industry Essentials Examination10/01/2018SIEGeneral Securities Representative Examination05/15/2000Series 7Municipal Securities Representative Examination03/15/1995Series 52Exam Category DateState Securities Law ExamsUniform Investment Adviser Law Examination03/23/2015Series 65Uniform Securities Agent State Law Examination04/21/2008Series 63Additional information about the above exams or other exams FINRA administers to brokers and other securitiesprofessionals can be found at www.finra.org/brokerqualifications/registeredrep/.6©2019 FINRA. All rights reserved. Report about GEORGE D. PATIKAS. www.finra.org/brokercheckUser GuidanceRegistration and Employment HistoryRegistration HistoryRegistration Dates Firm Name CRD# Branch LocationThe broker previously was registered with the following firms:03/2008 - 10/2015 DUNCAN-WILLIAMS, INC. 6950 MEMPHIS, TN05/2000 - 06/2005 FTN FINANCIAL SECURITIES CORP 46346 MEMPHIS, TNEmployment HistoryEmployment Dates Employer Name Employer LocationThis section provides up to 10 years of an individual broker's employment history as reported by the individual broker onthe most recently filed Form U4.Please note that the broker is required to provide this information only while registered with FINRA or a nationalsecurities exchange and the information is not updated via Form U4 after the broker ceases to be registered.Therefore, an employment end date of "Present" may not reflect the broker's current employment status.02/2017 - Present ICBA Securities Memphis, TN02/2017 - Present Vining Sparks Memphis, TN12/2007 - 02/2017 DUNCAN-WILLIAMS, INC. MEMPHIS, TNOther Business ActivitiesThis section includes information, if any, as provided by the broker regarding other business activities the broker iscurrently engaged in either as a proprietor, partner, officer, director, employee, trustee, agent or otherwise. This sectiondoes not include non-investment related activity that is exclusively charitable, civic, religious or fraternal and isrecognized as tax exempt.No information reported.7©2019 FINRA. All rights reserved. Report about GEORGE D. PATIKAS. www.finra.org/brokercheckUser GuidanceEnd of ReportThis page is intentionally left blank.8©2019 FINRA. All rights reserved. Report about GEORGE D. PATIKAS. BrokerCheck ReportVINING SPARKSSection TitleReport SummaryFirm HistoryCRD# 27502110Firm Profile 2 - 9Page(s)Firm Operations 11 - 17Disclosure Events 18 About BrokerCheck®BrokerCheck offers information on all current, and many former, registered securities brokers, and all current and formerregistered securities firms. FINRA strongly encourages investors to use BrokerCheck to check the background ofsecurities brokers and brokerage firms before deciding to conduct, or continue to conduct, business with them.āWhat is included in a BrokerCheck report?āBrokerCheck reports for individual brokers include information such as employment history, professionalqualifications, disciplinary actions, criminal convictions, civil judgments and arbitration awards. BrokerCheckreports for brokerage firms include information on a firm’s profile, history, and operations, as well as many of thesame disclosure events mentioned above.āPlease note that the information contained in a BrokerCheck report may include pending actions orallegations that may be contested, unresolved or unproven. In the end, these actions or allegations may beresolved in favor of the broker or brokerage firm, or concluded through a negotiated settlement with noadmission or finding of wrongdoing.āWhere did this information come from?āThe information contained in BrokerCheck comes from FINRA’s Central Registration Depository, orCRD® and is a combination of:Rinformation FINRA and/or the Securities and Exchange Commission (SEC) require brokers andbrokerage firms to submit as part of the registration and licensing process, andRinformation that regulators report regarding disciplinary actions or allegations against firms or brokers.āHow current is this information?āGenerally, active brokerage firms and brokers are required to update their professional and disciplinaryinformation in CRD within 30 days. Under most circumstances, information reported by brokerage firms, brokersand regulators is available in BrokerCheck the next business day.āWhat if I want to check the background of an investment adviser firm or investment adviserrepresentative?āTo check the background of an investment adviser firm or representative, you can search for the firm orindividual in BrokerCheck. If your search is successful, click on the link provided to view the available licensingand registration information in the SEC's Investment Adviser Public Disclosure (IAPD) website athttps://www.adviserinfo.sec.gov. In the alternative, you may search the IAPD website directly or contact yourstate securities regulator at http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/P455414.āAre there other resources I can use to check the background of investment professionals?āFINRA recommends that you learn as much as possible about an investment professional beforedeciding to work with them. Your state securities regulator can help you research brokers and investment adviserrepresentatives doing business in your state.āThank you for using FINRA BrokerCheck.For more information aboutFINRA, visit www.finra.org.Using this site/information meansthat you accept the FINRABrokerCheck Terms andConditions. A complete list ofTerms and Conditions can befound atFor additional information aboutthe contents of this report, pleaserefer to the User Guidance orwww.finra.org/brokercheck. Itprovides a glossary of terms and alist of frequently asked questions,as well as additional resources.brokercheck.finra.org VINING SPARKSCRD# 27502SEC# 8-43150Main Office Location775 RIDGE LAKE BLVD.SUITE 200MEMPHIS, TN 38120Regulated by FINRA New Orleans OfficeMailing Address775 RIDGE LAKE BLVD.SUITE 200MEMPHIS, TN 38120Business Telephone Number901-762-5309Report Summary for this FirmThis report summary provides an overview of the brokerage firm. Additional information for this firm can be foundin the detailed report.Disclosure EventsBrokerage firms are required to disclose certaincriminal matters, regulatory actions, civil judicialproceedings and financial matters in which the firm orone of its control affiliates has been involved.Are there events disclosed about this firm?YesThe following types of disclosures have beenreported:TypeCountRegulatory Event 8Firm ProfileThis firm is classified as a partnership.This firm was formed in Tennessee on 09/18/1990.Its fiscal year ends in December.Firm HistoryInformation relating to the brokerage firm's historysuch as other business names and successions(e.g., mergers, acquisitions) can be found in thedetailed report.Firm OperationsIs this brokerage firm currently suspended with anyregulator?NoThis firm conducts 13 types of businesses.This firm is affiliated with financial or investmentinstitutions.This firm does not have referral or financialarrangements with other brokers or dealers.This firm is registered with:• the SEC• 1 Self-Regulatory Organization• 53 U.S. states and territorieswww.finra.org/brokercheckUser Guidance1©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceThis firm is classified as a partnership.This firm was formed in Tennessee on 09/18/1990.CRD#This section provides the brokerage firm's full legal name, "Doing Business As" name, business and mailingaddresses, telephone number, and any alternate name by which the firm conducts business and where such name isused.Firm ProfileFirm Names and LocationsIts fiscal year ends in December.VINING-SPARKS IBG, LIMITED PARTNERSHIPSEC#275028-43150Main Office LocationMailing AddressBusiness Telephone NumberDoing business as VINING SPARKS901-762-5309Regulated by FINRA New Orleans Office775 RIDGE LAKE BLVD.SUITE 200MEMPHIS, TN 38120775 RIDGE LAKE BLVD.SUITE 200MEMPHIS, TN 381202©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceThis section provides information relating to all direct owners and executive officers of the brokerage firm.Direct Owners and Executive OfficersFirm ProfilePositionPercentage of OwnershipIs this a public reportingcompany?Position Start DateDoes this owner direct themanagement or policies ofthe firm?VINING-SPARKS & ASSOCIATES, LPLIMITED PARTNER50% but less than 75%NoDomestic Entity12/1990YesIs this a domestic or foreignentity or an individual?Legal Name & CRD# (if any):PositionPercentage of OwnershipIs this a public reportingcompany?Position Start DateDoes this owner direct themanagement or policies ofthe firm?VINING-SPARKS FUND, LP (VSF)LIMITED PARTNER25% but less than 50%NoDomestic Entity09/1993YesIs this a domestic or foreignentity or an individual?Legal Name & CRD# (if any):PositionPercentage of OwnershipPosition Start DateMEDFORD, MARK ANTHONYPRESIDENT/CEO/CHAIRMAN10% but less than 25%Individual07/20095582726Is this a domestic or foreignentity or an individual?Legal Name & CRD# (if any):3©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceDirect Owners and Executive Officers (continued)Firm ProfileIs this a public reportingcompany?Does this owner direct themanagement or policies ofthe firm?NoYesPositionPercentage of OwnershipIs this a public reportingcompany?Position Start DateDoes this owner direct themanagement or policies ofthe firm?EVANS, MARK ALANEVP/DIRECTOR OF TRADINGLess than 5%NoIndividual01/2014Yes1380786Is this a domestic or foreignentity or an individual?Legal Name & CRD# (if any):PositionPercentage of OwnershipIs this a public reportingcompany?Position Start DateDoes this owner direct themanagement or policies ofthe firm?GLADNEY, HAROLD LAMARCHIEF COMPLIANCE OFFICER AND PRINCIPAL OPERATIONS OFFICERLess than 5%NoIndividual07/2008Yes1189322Is this a domestic or foreignentity or an individual?Legal Name & CRD# (if any):RIGGS, ALLEN JOEY4513702Legal Name & CRD# (if any):4©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceDirect Owners and Executive Officers (continued)Firm ProfilePositionPercentage of OwnershipIs this a public reportingcompany?Position Start DateDoes this owner direct themanagement or policies ofthe firm?PRINCIPAL FINANCIAL OFFICERLess than 5%NoIndividual01/2012YesIs this a domestic or foreignentity or an individual?PositionPercentage of OwnershipIs this a public reportingcompany?Position Start DateDoes this owner direct themanagement or policies ofthe firm?SHEA, MARTIN FLANAGAN JR.EVP & GENERAL COUNSELLess than 5%NoIndividual08/2008Yes4697655Is this a domestic or foreignentity or an individual?Legal Name & CRD# (if any):PositionPercentage of OwnershipPosition Start DateDoes this owner direct themanagement or policies ofthe firm?VINING-SPARKS SECURITIES, INC.CORPORATE GENERAL PARTNERLess than 5%Domestic Entity10/1990YesIs this a domestic or foreignentity or an individual?Legal Name & CRD# (if any):5©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceDirect Owners and Executive Officers (continued)Firm ProfileIs this a public reportingcompany?No6©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceThis section provides information relating to any indirect owners of the brokerage firm.Indirect OwnersFirm ProfileMEDFORD, MARK ANTHONYSHAREHOLDERVINING SPARKS SECURITIES, INC.75% or moreNoIndividual07/2009Yes5582726Legal Name & CRD# (if any):Is this a domestic or foreignentity or an individual?Company through whichindirect ownership isestablishedRelationship to Direct OwnerRelationship EstablishedPercentage of OwnershipDoes this owner direct themanagement or policies ofthe firm?Is this a public reportingcompany?LEVINGSTON, LARRY BRUCETRUSTEETHE JAMES L. VINING TRUST UTA DATED 01/05/200425% but less than 50%NoIndividual01/2004Yes1028551Legal Name & CRD# (if any):Is this a domestic or foreignentity or an individual?Company through whichindirect ownership isestablishedRelationship to Direct OwnerRelationship EstablishedPercentage of OwnershipDoes this owner direct themanagement or policies ofthe firm?Is this a public reportingcompany?RBS SPARKS HOLDING, LPLegal Name & CRD# (if any):7©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceIndirect Owners (continued)Firm ProfileLIMITED PARTNERVINING-SPARKS FUND, LP25% but less than 50%NoDomestic Entity07/2005YesIs this a domestic or foreignentity or an individual?Company through whichindirect ownership isestablishedRelationship to Direct OwnerRelationship EstablishedPercentage of OwnershipDoes this owner direct themanagement or policies ofthe firm?Is this a public reportingcompany?THE JAMES L. VINING TRUST U/T/A DATED 1/5/2004LIMITED PARTNERVINING SPARKS FUND, LP25% but less than 50%NoDomestic Entity08/2010YesLegal Name & CRD# (if any):Is this a domestic or foreignentity or an individual?Company through whichindirect ownership isestablishedRelationship to Direct OwnerRelationship EstablishedPercentage of OwnershipDoes this owner direct themanagement or policies ofthe firm?Is this a public reportingcompany?VINING SPARKS SECURITIES, INC.VINING SPARKS FUND, LPDomestic EntityLegal Name & CRD# (if any):Is this a domestic or foreignentity or an individual?Company through whichindirect ownership isestablished8©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceIndirect Owners (continued)Firm ProfileGENERAL PARTNEROther General PartnersNo09/1993YesRelationship to Direct OwnerRelationship EstablishedPercentage of OwnershipDoes this owner direct themanagement or policies ofthe firm?Is this a public reportingcompany?VINING-SPARKS SECURITIES, INC.GENERAL PARTNERVINING-SPARKS & ASSOCIATES, LPOther General PartnersNoDomestic Entity10/1990YesLegal Name & CRD# (if any):Is this a domestic or foreignentity or an individual?Company through whichindirect ownership isestablishedRelationship to Direct OwnerRelationship EstablishedPercentage of OwnershipDoes this owner direct themanagement or policies ofthe firm?Is this a public reportingcompany?9©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceFirm HistoryThis section provides information relating to any successions (e.g., mergers, acquisitions) involving the firm.No information reported.10©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceFirm OperationsRegistrationsThis section provides information about the regulators (Securities and Exchange Commission (SEC), self-regulatoryorganizations (SROs), and U.S. states and territories) with which the brokerage firm is currently registered andlicensed, the date the license became effective, and certain information about the firm's SEC registration.This firm is currently registered with the SEC, 1 SRO and 53 U.S. states and territories.SEC Registration QuestionsThis firm is registered with the SEC as:A broker-dealer:A broker-dealer and government securities broker or dealer:A government securities broker or dealer only:This firm has ceased activity as a government securities broker or dealer:YesYesNoNoFederal Regulator Status Date EffectiveSEC Approved 11/23/1990Self-Regulatory Organization Status Date EffectiveFINRA Approved 12/21/199011©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceFirm OperationsRegistrations (continued)U.S. States &TerritoriesStatus Date EffectiveAlabama Approved 01/14/2000Alaska Approved 06/06/2001Arizona Approved 05/20/2002Arkansas Approved 01/01/1991California Approved 08/01/1995Colorado Approved 01/04/1991Connecticut Approved 06/27/2000Delaware Approved 05/08/2001District of Columbia Approved 04/10/2002Florida Approved 04/27/1998Georgia Approved 02/22/1991Hawaii Approved 04/10/2002Idaho Approved 04/19/2001Illinois Approved 01/02/1991Indiana Approved 02/20/2002Iowa Approved 04/13/2001Kansas Approved 12/03/1996Kentucky Approved 10/07/1997Louisiana Approved 06/29/1999Maine Approved 06/11/2001Maryland Approved 09/17/1997Massachusetts Approved 02/27/2001Michigan Approved 02/26/2002Minnesota Approved 03/13/2002Mississippi Approved 07/22/1997Missouri Approved 09/23/2003Montana Approved 03/25/2002Nebraska Approved 03/05/2002Nevada Approved 09/21/2000New Hampshire Approved 03/16/2001New Jersey Approved 08/24/1999New Mexico Approved 11/13/2001New York Approved 07/29/1994U.S. States &TerritoriesStatusDate EffectiveNorth Carolina Approved 01/02/1991North Dakota Approved 11/06/2001Ohio Approved 01/01/1991Oklahoma Approved 02/27/2002Oregon Approved 04/27/1995Pennsylvania Approved 05/19/1998Puerto Rico Approved 11/17/1997Rhode Island Approved 05/21/2002South Carolina Approved 06/05/2001South Dakota Approved 03/11/2002Tennessee Approved 01/01/1991Texas Approved 07/15/1992Utah Approved 04/26/2002Vermont Approved 04/25/2000Virgin Islands Approved 10/02/2012Virginia Approved 08/19/1998Washington Approved 01/01/1991West Virginia Approved 02/01/2002Wisconsin Approved 09/09/1998Wyoming Approved 05/09/200212©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceFirm OperationsTypes of BusinessThis section provides the types of business, including non-securities business, the brokerage firm is engaged in orexpects to be engaged in.Other Types of BusinessThis firm does not effect transactions in commodities, commodity futures, or commodity options.This firm does not engage in other non-securities business.Non-Securities Business Description:This firm currently conducts 13 types of businesses.Types of BusinessBroker or dealer retailing corporate equity securities over-the-counterBroker or dealer selling corporate debt securitiesUnderwriter or selling group participant (corporate securities other than mutual funds)Mutual fund retailerU S. government securities dealerU S. government securities brokerMunicipal securities dealerMunicipal securities brokerPut and call broker or dealer or option writerTrading securities for own accountPrivate placements of securitiesBroker or dealer selling interests in mortgages or other receivablesOther - 1)SERVING AS ADVISOR IN MERGER AND ACQUISITION TRANSACTIONS.2)PUBLISHING EQUITY RESEARCH.13©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceFirm OperationsClearing ArrangementsThis firm does hold or maintain funds or securities or provide clearing services for other broker-dealer(s).Introducing ArrangementsThis firm does not refer or introduce customers to other brokers and dealers.14©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceFirm OperationsIndustry ArrangementsThis firm does not have books or records maintained by a third party.This firm does not have accounts, funds, or securities maintained by a third party.This firm does have customer accounts, funds, or securities maintained by a third party.This firm does not have individuals who control its management or policies through agreement.This firm does not have individuals who wholly or partly finance the firm's business.Control Persons/FinancingName:PERSHING LLCBusiness Address:ONE PERSHING PLAZAJERSEY CITY, NJ 07399CRD #:7560Effective Date:07/25/2008Description:ON EQUITY TRADES VINING SPARKS INTRODUCES TRADES TOPERSHING ON A FULLY DISCLOSED BASIS.15©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceFirm OperationsOrganization AffiliatesThis section provides information on control relationships the firm has with other firms in the securities, investmentadvisory, or banking business.This firm is, directly or indirectly:· in control of· controlled by· or under common control withthe following partnerships, corporations, or other organizations engaged in the securities or investmentadvisory business.YesNoNo01/12/2011775 RIDGE LAKE BLVD.MEMPHIS, TN 38120155397VINING-SPARKS ASSET MANAGEMENT, LLC is controlled by the firm.VINING-SPARKS ASSET MANAGEMENT IS A 100%-OWNED INVESTMENTADVISORY SUBSIDIARY OF VINING SPARKS IBG, LP.Description:Investment AdvisoryActivities:Securities Activities:Country:Foreign Entity:Effective Date:Business Address:CRD #:NoYesNo11/09/1988775 RIDGE LAKE BOULEVARDSUITE 200MEMPHIS, TN 3812024088ICBA SECURITIES is under common control with the firm.WHILE APPLICANT OWNS NO STOCK IN ICBA SECURITIES, IT CLEARS FORDescription:Investment AdvisoryActivities:Securities Activities:Country:Foreign Entity:Effective Date:Business Address:CRD #:16©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceFirm OperationsOrganization Affiliates (continued)AND MANAGES IT AS A BROKER/DEALER, SUPERVISES ITS REGISTEREDREPRESENTATIVES WHO ARE CONSIDERED UNDER COMMON CONTROLFOR PURPOSES OF FORM U-4 FILINGS ONLY, AND MANAGES ALL ITSRESPECTIVE BROKER/DEALER BACK-OFFICE OPERATIONS.This firm is not directly or indirectly, controlled by the following:· bank holding company· national bank· state member bank of the Federal Reserve System· state non-member bank· savings bank or association· credit union· or foreign bank17©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceDisclosure EventsAll firms registered to sell securities or provide investment advice are required to disclose regulatory actions, criminal orcivil judicial proceedings, and certain financial matters in which the firm or one of its control affiliates has been involved.For your convenience, below is a matrix of the number and status of disclosure events involving this brokerage firm orone of its control affiliates. Further information regarding these events can be found in the subsequent pages of thisreport.Final On AppealPendingRegulatory Event 0 8 018©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceDisclosure Event DetailsWhat you should know about reported disclosure events:1.BrokerCheck provides details for any disclosure event that was reported in CRD. It also includessummary information regarding FINRA arbitration awards in cases where the brokerage firm wasnamed as a respondent.2.Certain thresholds must be met before an event is reported to CRD, for example:RA law enforcement agency must file formal charges before a brokerage firm is required to disclose aparticular criminal event.3.Disclosure events in BrokerCheck reports come from different sources:RDisclosure events for this brokerage firm were reported by the firm and/or regulators. When the firmand a regulator report information for the same event, both versions of the event will appear in theBrokerCheck report. The different versions will be separated by a solid line with the reporting sourcelabeled.4.There are different statuses and dispositions for disclosure events:RA disclosure event may have a status ofpending, on appeal,orfinal.A "pending" event involves allegations that have not been proven or formally adjudicated.An event that is "on appeal" involves allegations that have been adjudicated but are currentlybeing appealed.A "final" event has been concluded and its resolution is not subject to change.RA final event generally has a disposition ofadjudicated, settledorotherwise resolved.An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter,or (2) an administrative panel in an action brought by a regulator that is contested by the partycharged with some alleged wrongdoing.A "settled" matter generally involves an agreement by the parties to resolve the matter.Please note that firms may choose to settle customer disputes or regulatory matters forbusiness or other reasons.A "resolved" matter usually involves no payment to the customer and no finding ofwrongdoing on the part of the individual broker. Such matters generally involve customerdisputes.5.You may wish to contact the brokerage firm to obtain further information regarding any of thedisclosure events contained in this BrokerCheck report.Regulatory - FinalThis type of disclosure event involves (1) a final, formal proceeding initiated by a regulatory authority (e.g., a statesecurities agency, self-regulatory organization, federal regulator such as the U.S. Securities and Exchange Commission,foreign financial regulatory body) for a violation of investment-related rules or regulations; or (2) a revocation orsuspension of the authority of a brokerage firm or its control affiliate to act as an attorney, accountant or federalcontractor.Disclosure 1 of 8Reporting Source:RegulatorCurrent Status:Final19©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceInitiated By:FINRAPrincipal Sanction(s)/ReliefSought:Other Sanction(s)/ReliefSought:Date Initiated:11/01/2013Docket/Case Number:2008012367902Principal Product Type:OtherOther Product Type(s):Allegations:NASD RULES 2110, 3010, MSRB RULE G-27 - VINING SPARKS, IBG, LPFAILED TO ESTABLISH, MAINTAIN AND ENFORCE A REASONABLYDESIGNED SYSTEM FOR SUPERVISING A BRANCH OFFICE EMPLOYEE TOENSURE THAT THE INDIVIDUAL COMPLIED WITH THE REQUIREMENTS OFRULES RELATED TO TRADING IN FIXED-INCOME SECURITIES.Resolution Date:11/01/2013Resolution:Other Sanctions Ordered:Sanction Details:WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS;THEREFORE, THE FIRM IS CENSURED AND FINED $50,000, $25,000 OFWHICH WAS ATTRIBUTABLE TO THE MSRB RULE VIOLATION. FINE PAID INFULL ON NOVEMBER 19, 2013.Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?NoSanctions Ordered:CensureMonetary/Fine $50,000.00Acceptance, Waiver & Consent(AWC)iReporting Source:FirmAllegations:FAILURE TO SUPERVISE A BRANCH OFFICE EMPLOYEE IN THE TRADINGOF FIXED-INCOME SECURITIES WITH ANOTHER BROKER-DEALER FIRM.Current Status:Final20©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceInitiated By:FINANCIAL INDUSTRY REGULATORY AUTHORITY (FINRA)Principal Sanction(s)/ReliefSought:CensureOther Sanction(s)/ReliefSought:MONETARY FINE OF $50,000.Date Initiated:11/01/2013Docket/Case Number:2008012367902Principal Product Type:OtherOther Product Type(s):Resolution Date:11/01/2013Resolution:Other Sanctions Ordered:Sanction Details:WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS ANDWAS CENSURED AND FINED $50,000.Sanctions Ordered:CensureMonetary/Fine $50,000.00Acceptance, Waiver & Consent(AWC)Disclosure 2 of 8iReporting Source:RegulatorInitiated By:FINRAPrincipal Sanction(s)/ReliefSought:Date Initiated:05/01/2012Docket/Case Number:2011027522301Principal Product Type:OtherOther Product Type(s):TRACE-ELIGIBLE AGENCY DEBT SECURITIESAllegations:FINRA RULE 6730(A) - VINING-SPARKS IBG, LIMITED PARTNERSHIP FAILEDTO REPORT TO THE TRADE REPORTING AND COMPLIANCE ENGINE(TRACE) TRANSACTIONS IN TRACE-ELIGIBLE AGENCY DEBT SECURITIESWITHIN 15 MINUTES OF EXECUTION TIME.Current Status:Final21©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceOther Sanction(s)/ReliefSought:Resolution Date:05/01/2012Resolution:Other Sanctions Ordered:Sanction Details:WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS;THEREFORE, THE FIRM IS CENSURED AND FINED $7,500. FINE PAID INFULL ON MAY 10, 2012.Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?NoSanctions Ordered:CensureMonetary/Fine $7,500.00Acceptance, Waiver & Consent(AWC)iReporting Source:FirmInitiated By:FINANCIAL INDUSTRY REGULATORY AUTHORITY (FINRA)Principal Sanction(s)/ReliefSought:Civil and Administrative Penalt(ies) /Fine(s)Other Sanction(s)/ReliefSought:CENSUREDate Initiated:05/01/2012Docket/Case Number:2011027522301Principal Product Type:OtherOther Product Type(s):TRACE-ELIGIBLE AGENCY DEBT SECURITIESAllegations:IT WAS ALLEGED THAT VINING SPARKS FAILED TO REPORT TO TRACE(TRADE REPORTING AND COMPLIANCE ENGINE) CERTAIN TRANSACTIONSIN TRACE-ELIGIBLE AGENCY DEBT SECURITIES WITHIN THE REQUIRED 15-MINUTES FROM TIME OF TRADE EXECUTION,IN ACCORDANCE WITH FINRARULE 6730(A).Current Status:FinalResolution:Acceptance, Waiver & Consent(AWC)22©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceResolution Date:05/01/2012Other Sanctions Ordered:NONESanction Details:A MONETARY FINE OF $7,5000 WAS IMPOSED UPON VINING SPARKS, ANDWAS PAID IN FULL ON 5/8/2012.Firm StatementTHE ALLEGED "LATE" TRADE REPORTING INCIDENTS DID NOT INVOLVEANY CUSTOMER COMPLAINTS OR DISSATISFACTION. THE ALLEGATIONSINVOLVED VINING SPARKS' FAILURE TO REPORT CERTAIN TRANSACTIONSTO TRACE (TRADE REPORTING AND COMPLIANCE ENGINE) WITHIN THEREQUIRED 15-MINUTES FROM TIME OF TRADE EXECUTION. ON 5/1/2012, AFINE OF $7,500 WAS IMPOSED UPON VINING SPARKS, WHICH WAS PAID INFULL BY VINING SPARKS ON 5/8/2012.Sanctions Ordered:CensureMonetary/Fine $7,500.00Disclosure 3 of 8iReporting Source:RegulatorInitiated By:FINRAPrincipal Sanction(s)/ReliefSought:Other Sanction(s)/ReliefSought:Date Initiated:01/25/2011Docket/Case Number:2009019435101Principal Product Type:Debt - MunicipalOther Product Type(s):Allegations:MSRB RULES G-8, G-14, G-14(B)(II) - VINING SPARKS FAILED TO REPORTINFORMATION REGARDING PURCHASE AND SALE TRANSACTIONSEFFECTED IN MUNICIPAL SECURITIES TO THE REAL-TIME TRANSACTIONREPORTING SYSTEM (RTRS) IN THE MANNER PRESCRIBED BY RULE G-14RTRS PROCEDURES AND THE RTRS USERS MANUAL; THE FIRM FAILED TOREPORT INFORMATION ABOUT SUCH TRANSACTIONS WITHIN 15 MINUTESOF TIME OF TRADE TO AN RTRS PORTAL. THE FIRM FAILED TO REPORTTHE CORRECT TIME OF TRADE TO THE RTRS IN TRANSACTION REPORTSIN MUNICIPAL SECURITIES. THE FIRM FAILED TO SHOW THE CORRECTTIME OF EXECUTION ON THE MEMORANDA OF TRANSACTIONS INMUNICIPAL SECURITIES EXECUTED WITH ANOTHER BROKER OR DEALER.Current Status:Final23©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceResolution Date:01/25/2011Resolution:Other Sanctions Ordered:Sanction Details:WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS;THEREFORE, THE FIRM IS CENSURED AND FINED $17,500.Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?NoSanctions Ordered:CensureMonetary/Fine $17,500.00Acceptance, Waiver & Consent(AWC)iReporting Source:FirmInitiated By:FINANCIAL INDUSTRY REGULATORY AUTHORITYPrincipal Sanction(s)/ReliefSought:CensureOther Sanction(s)/ReliefSought:A FINE OF $17,500 WAS PAID.Date Initiated:09/04/2009Docket/Case Number:2009019435101Principal Product Type:Debt - MunicipalOther Product Type(s):Allegations:IT WAS ALLEGED THAT VINING SPARKS FAILED TO PROPERLY REPORTCERTAIN INFORMATION IN MUNICIPAL SECURITIES TRANSACTIONS TO THEREAL-TIME TRANSACTION REPORTING SYSTEM (RTRS) IN ACCORDANCEWITH RULE G-14 RTRS PROCEDURES; SPECIFICALLY, THAT THE FIRMFAILED TO REPORT THE INFORMATION WITHIN 15 MINUTES OF THE TIMEOF TRADE, FAILED TO REPORT THE CORRECT TIME OF TRADE TO THERTRS, AND FAILED TO SHOW THE CORRECT TIME OF EXECUTION ON THEMEMORANDA MAINTAINED OF MUNICIPAL TRANSACTIONS EXECUTEDWITH ANOTHER BROKER OR DEALER.Current Status:Final24©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceResolution Date:01/25/2011Resolution:Other Sanctions Ordered:Sanction Details:THE ENTIRE FINE OF $17,500.00 WAS PAID BY VINING SPARKS ONFEBRUARY 2, 2011.Firm StatementTHE ALLEGED INCIDENTS DID NOT INVOLVE ANY CUSTOMERCOMPLAINTS, NOR WAS THERE ANY RECKLESS FAILURE BY VININGSPARKS TO REPORT THE TRANSACTIONS INVOLVED. THE ALLEGATIONSWERE PRIMARILY THAT THE TRANSACTIONS WERE NOT REPORTEDWITHIN THE SPECIFIED 15-MINUTES FROM TIME-OF-TRADEREQUIREMENT. THE FIRM SUBSEQUENTLY DETERMINED THAT THEMAJORITY OF THESE TRADE REPORTING EXCEPTIONS RESULTED FROMTHE ACTIONS OF NEWLY HIRED MUNICIPAL TRADING STAFF, WHO WERENOT YET COMPLETELY FAMILIAR WITH OUR TRANSACTION REPORTINGSYSTEMS AND PROCESSES, AND WHO, AT THE SAME TIME, WERE ALSOINTRODUCING NEW TRADING RELATIONSHIPS TO THE FIRM, WHICHREQUIRED SIGNIFICANT ADDITIONAL DATA INPUT TO ESTABLISH THECONTRA-PARTY ACCOUNTS. THESE EMPLOYEES ARE NOW FULLYINTEGRATED WITH RESPECT TO THE FIRM'S SYSTEMS AND PROCEDURES.THE REMAINING INCIDENTS APPEARED TO HAVE OCCURRED AS THERESULT OF SIMPLE MISCOMMUNICATION BETWEEN THE PARTIESINVOLVED, AND WERE ENTIRELY UNINTENTIONAL. WHILE WE CANNOTGUARANTEE THE PREVENTION OF SUCH INCIDENTS IN THE FUTURE, WECONTINUE TO MONITOR OUR REPORTING POLICIES AND PROCEDURES,AND WILL MODIFY THEM AS NECESSARY, IN AN EFFORT TO REDUCE THEOVERALL LIKELIHOOD THAT THESE EXCEPTIONS OCCUR IN THE FUTURE.Sanctions Ordered:CensureMonetary/Fine $17,500.00Acceptance, Waiver & Consent(AWC)Disclosure 4 of 8iReporting Source:RegulatorInitiated By:CONNECTICUTAllegations:ON SEPTEMBER 27, 2010, THE CONNECTICUT BANKING COMMISSIONERENTERED A CONSENT ORDER (NO. CO-10-7851-S) WITH RESPECT TOVINING-SPARKS IBG, L.P., A CONNECTICUT-REGISTERED BROKER-DEALER.THE CONSENT ORDER ALLEGED THAT THE FIRM VIOLATED SECTION 36B-6(B) OF THE CONNECTICUT UNIFORM SECURITIES ACT BY EMPLOYINGUNREGISTERED AGENTS OVER AN EXTENDED PERIOD OF TIME.Current Status:Final25©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidancePrincipal Sanction(s)/ReliefSought:Civil and Administrative Penalt(ies) /Fine(s)Other Sanction(s)/ReliefSought:Date Initiated:09/27/2010Docket/Case Number:CO-10-7851-SURL for Regulatory Action:Principal Product Type:No ProductOther Product Type(s):Resolution Date:09/27/2010Resolution:Other Sanctions Ordered:THE CONSENT ORDER FINED THE FIRM $20,000 AND DIRECTED IT TOCEASE AND DESIST FROM REGULATORY VIOLATIONS.Sanction Details:SEE RESPONSE TO ITEM 13.B.Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?NoSanctions Ordered:Monetary/Fine $20,000.00ConsentiReporting Source:FirmInitiated By:STATE OF CONNECTICUT DEPARTMENT OF BANKING - SECURITIES ANDBUSINESS INVESTMENTS DIVISIONDate Initiated:06/02/2010Docket/Case Number:CO-10-7851-SPrincipal Product Type:No ProductOther Product Type(s):Allegations:IT WAS ALLEGED THAT VINING SPARKS FAILED TO REGISTER CERTAINREPRESENTATIVES WITH THE STATE OF CONNECTICUT WHO WERECONDUCTING BUSINESS WITHIN THE STATE OF CONNECTICUT.Current Status:Final26©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidancePrincipal Sanction(s)/ReliefSought:Civil and Administrative Penalt(ies) /Fine(s)Other Sanction(s)/ReliefSought:NONE.Resolution Date:09/27/2010Resolution:Other Sanctions Ordered:NONE.Sanction Details:A FINE OF $20,000 WAS PAID ON 8/31/2010 TO THE STATE OFCONNECTICUT.Firm StatementIN 2010, THE STATE OF CONNECTICUT DEPARTMENT OF BANKINGINFORMED VINING SPARKS THAT THE FIRM NEEDED TO COMPLETE THESTATE REGISTRATION PROCESS FOR SOME OF ITS REPRESENTATIVES.VINING SPARKS AND THE STATE OF CONNECTICUT DEPARTMENT OFBANKING AGREED TO ENTER INTO A CONSENT ORDER WHICH REQUIREDTHAT VINING SPARKS PAY A $20,000 FINE AND REGISTER ALL OF ITSREPRESENTATIVES WITH CONNECTICUT WHO ARE SERVING CUSTOMERSIN CONNECTICUT. WHILE PROPER REGISTRATION AND THE PAYMENT OFANNUAL FEES FOR EACH AGENT ARE CERTAINLY IMPORTANT ISSUES, IT ISCRITICAL TO NOTE THAT NO CUSTOMER COMPLAINTS WERE INVOLVEDNOR WERE THERE ANY ACCUSATIONS BY THE STATE OF CONNECTICUTREGARDING ANY IMPROPER SALES OR TRADING ACTIVITY.Sanctions Ordered:Monetary/Fine $20,000.00ConsentDisclosure 5 of 8iReporting Source:RegulatorInitiated By:NASDDate Initiated:07/10/2007Allegations:MSRB RULES G-14, G-27 - RESPONDENT MEMBER FAILED TO REPORTINFORMATION ABOUT SECURITIES TRANSACTIONS EFFECTED INMUNICIPAL SECURITIES TO THE REAL-TIME TRANSACTION REPORTINGSYSTEM (RTRS) IN THE MANNER PRESCRIBED BY MSRB RULE G-14 RTRSPROCEDURES AND THE RTRS USERS MANUAL. THE FINDINGS STATEDTHAT THE FIRM'S SUPERVISORY SYSTEM DID NOT PROVIDE FORSUPERVISION REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITHTHE APPLICABLE SECURITIES LAWS, REGULATIONS AND NASD RULESCONCERNING MSRB REPORTING.Current Status:Final27©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidancePrincipal Sanction(s)/ReliefSought:Other Sanction(s)/ReliefSought:Docket/Case Number:2005002185601Principal Product Type:OtherOther Product Type(s):MUNICIPAL SECURITIESResolution Date:07/10/2007Resolution:Other Sanctions Ordered:UNDERTAKINGSanction Details:WITHOUT ADMITTING OR DENYING THE FINDINGS, VINING SPARKSCONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OFFINDINGS, THEREFORE, THE FIRM WAS CENSURED, FINED $12,500 ANDREQUIRED TO REVISE THE FIRM'S WRITTEN SUPERVISORY PROCEDURESREGARDING MSRB REPORTING.Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?NoSanctions Ordered:CensureMonetary/Fine $12,500.00Acceptance, Waiver & Consent(AWC)iReporting Source:FirmInitiated By:NASDDate Initiated:05/07/2007Docket/Case Number:20050021856-01 AWCPrincipal Product Type:Debt - MunicipalAllegations:IN FEBRUARY AND MARCH 2005, WHILE DELIBERATING WITH THE BESTMANNER TO DEAL WITH NASD'S NEW REPORTING-TIME REQUIREMENTS,WE MISSED THE 15-MINUTE REPORTING TIME LIMIT ON A SERIES OFMUNICIPAL TRANSACTIONS.Current Status:Final28©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidancePrincipal Sanction(s)/ReliefSought:Civil and Administrative Penalt(ies) /Fine(s)Other Sanction(s)/ReliefSought:A $12,500 FINE WAS PAID.Other Product Type(s):Resolution Date:07/10/2007Resolution:Other Sanctions Ordered:Sanction Details:ON JULY 24, 2007 THE ENTIRE $12,500.00 FINE WAS PAID.Firm StatementON FEBRUARY 1, 2005, THE NASD INSTITUTED A REQUIREMENT THATMEMBER FIRMS REPORT TRADE INFORMATION ON MUNICIPAL BONDTRANSACTIONS WITHIN 15 MINUTES OF EXECUTION. THIS WAS A NEWRULE AND REQUIRED THE IMPLEMENTATION OF NEW PROCEDURES INORDER TO COMPLY. DURING FEBRUARY AND MARCH 2005, WE GRAPPLEDWITH THE MOST EFFICIENT MANNER TO DEAL WITH THE NEWREQUIREMENTS. WHILE DOING SO, WE MISSED THE 15-MINUTEREPORTING TIME LIMIT ON A SERIES OF MUNICIPAL TRANSACTIONS. IN2007, VINING SPARKS SIGNED A CONSENT LETTER ACKNOWLEDGING THATTHE SERIES OF TRADES SHOULD HAVE BEEN REPORTED WITHIN 15MINUTES OF EXECUTION AND PAID THE NASD A FINE OF $12,500.00. WEAGREED TO, AND COMPLETED, AN UNDERTAKING TO REVISE OURWRITTEN SUPERVISORY PROCEDURES WITH RESPECT TO TIMELYREPORTING OF MUNICIPAL BOND TRADES. IT IS IMPORTANT TO NOTE ALLTRADES WERE REPORTED AND THAT THE ACCURACY OF OURREPORTING (OTHER THAN THE TIME LIMIT) WAS NEVER IN DISPUTE.Sanctions Ordered:CensureMonetary/Fine $12,500.00Acceptance, Waiver & Consent(AWC)Disclosure 6 of 8iReporting Source:RegulatorInitiated By:FLORIDADate Initiated:09/01/2005Docket/Case Number:0207-S-5/05URL for Regulatory Action:Allegations:UNREGISTERED BRANCH LOCATIONS IN FLORIDA.Current Status:Final29©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidancePrincipal Sanction(s)/ReliefSought:Cease and DesistOther Sanction(s)/ReliefSought:Principal Product Type:No ProductOther Product Type(s):Resolution Date:09/01/2005Resolution:Other Sanctions Ordered:Sanction Details:NARegulator StatementUNREGISTERED BRANCH LOCATIONS IN FLORIDA.Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?NoSanctions Ordered:Monetary/Fine $10,000.00Cease and Desist/InjunctionStipulation and ConsentiReporting Source:FirmInitiated By:FLORIDA OFFICE OF FINANCIAL REGULATIONPrincipal Sanction(s)/ReliefSought:Civil and Administrative Penalt(ies) /Fine(s)Date Initiated:03/30/2005Docket/Case Number:ADMIN. PROCEEDING NO. 0207-S-5/05Principal Product Type:No ProductOther Product Type(s):Allegations:VIOLATION OF FLORIDA STATUTE 517.12(5) AND FLORIDA ADMINISTRATIVECODE RULE 3E-200.001(9)(A)3 - FAILURE TO REGISTER TWO BRANCHOFFICES WITH THE FLORIDA OFFICE OF FINANCIAL REGULATIONCurrent Status:FinalAppealed To and Date AppealFiled:N/A30©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceOther Sanction(s)/ReliefSought:Resolution Date:09/01/2005Resolution:Other Sanctions Ordered:Sanction Details:A $10,000.00 FINE WAS PAID ON OR ABOUT AUGUST 18, 2005.Firm StatementTHIS WAS NOT A CUSTOMER COMPLAINT. UNLIKE MANY OTHER STATESTHAT RECOGNIZE A CENTRAL REGISTRATION SYSTEM RUN BY NASD,FLORIDA REQUIRES SEPARATE REGISTRATION OF BRANCHES DIRECTLYWITH THE STATE. THE FIRM PROPERLY REGISTERED ALL BRANCHESWITH NASD; THE STATE KNEW OF THE BRANCHES BY OBSERVING THENASD DATABASE. WE PAID STATE TAXES AND PROPERLY REGISTEREDOUR FLORIDA BROKERS. THE FINE WAS FOR FAILURE TO ORIGINALLYFILE THE ONE-PAGE BRANCH OFFICE APPLICATION FORM AND TO PAY THEACCOMPANYING $100.00 FEE.Sanctions Ordered:Monetary/Fine $10,000.00OrderDisclosure 7 of 8iReporting Source:RegulatorAllegations:BETWEEN FEBRUARY 7, 2000 AND APRIL 25, 2000, VINING SPARKSEFFECTUATED NUMEROUS SECURITIES TRANSACTIONS IN VERMONT ASAN UNREGISTERED BROKER-DEALER, EVEN THOUGH THE FIRM WASFULLY AWARE OF THE NEED TO REGISTER. NOTICE THAT THE FIRMNEEDED TO REGISTER PRIOR TO EFFECTUATING TRANSACTIONS INVERMONT HAD BEEN PROVIDED IN A LETTER TO VINING SPARKS DATEDNOVEMBER 29, 1999.MOREOVER, VINING SPARKS FAILED TO PROPERLY SUPERVISE ITS SALESREPRESENTATIVES. BETWEEN FEBRUARY 7, 2000 AND SEPTEMBER 26,2002, VINING SPARKS' UNREGISTERED SALES REPRESENTATIVESEFFECTUATED NUMEROUS SECURITIES TRANSACTIONS IN VERMONT,EVEN THOUGH VINING SPARKS WAS FULLY AWARE THAT IT HAD TOREGISTER ITS SALES REPRSENTATIVES IN VERMONT. AS SUCH, VININGSPARKS FAILED TO DESIGN AND MAINTAIN A SYSTEM TO SUPERVISE THEACTIVITIES OF ITS SALES REPRESENTATIVES.VINING SPARKS' CONDUCT WAS IN VIOLATION OF 9 V.S.A. SECTION4213(A), EFFECTUATING TRANSACTIONS AS UNREGISTERED BROKER-Current Status:Final31©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceInitiated By:VERMONTPrincipal Sanction(s)/ReliefSought:Civil and Administrative Penalt(ies) /Fine(s)Other Sanction(s)/ReliefSought:Date Initiated:10/21/2002Docket/Case Number:DOCKET NO. 03-043-SURL for Regulatory Action:Principal Product Type:No ProductOther Product Type(s):BROKER-DEALER FIRM PROVIDING SERVICES.DEALER AND SALES REPRESENTATIVES; 9 V.S.A. SECTION 4221A(A)(11),FAILURE TO REASONABLY SUPERVISE ITS SALES REPRESENTATIVESWITH A VIEW TO PREVENTING VIOLATIONS OF THE VERMONT SECURITIESACT; AND REGULATION S-91-1, RULE 3.23, PRMULGATED PURSUANT TO 9V.S.A. SECTIONS 4237 AND 4221A(A)(8), FAILING TO DESIGN AND MAINTAINA SYSTEM TO SUPERVISE THE ACTIVITIES OF ITS SALES REPRSENTATIVESAND ENSURE COMPLIANCE WITH VERMONT'S SECURITIES LAW.THE AFOREMENTIONED VIOLATIONS WERE GROUNDS FOR SUSPENSIONOR REVOCATION OF A PERSON'S REGISTRATION PURSUANT TO 9 V.S.A.SECTIONS 4221A(A)(2), (8) AND (11) OF THE SECURITIES ACT.FURTHERMORE, THE VIOLATIONS ARE ALSO GROUNDS FOR THEIMPOSITION OF AN ADMINISTRATIVE PENALTY PURSUANT TO 9 V.S.A.SECTION 4225A(B)(4) OF THE ACT.Resolution Date:07/09/2003Resolution:Other Sanctions Ordered:NONE.Sanction Details:FINE WAS PAID ON JULY 9, 2003.Regulator StatementFURTHER INFORMATION IS AVAILABLE BY CONTACTING THE VERMONTSECURITIES DIVISION AT (802) 828-3420.Sanctions Ordered:Monetary/Fine $12,500.00ConsentiReporting Source:FirmAllegations:FAILURE TO FILE VERMONT STATE REGISTRATION FOR NON-VERMONT-Current Status:Final32©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceInitiated By:VERMONT DEPT. OF BANKING, INSURANCE, AND SECURITIESPrincipal Sanction(s)/ReliefSought:OtherOther Sanction(s)/ReliefSought:CONSENT ORDERDate Initiated:12/21/2002Docket/Case Number:03-043-SPrincipal Product Type:Debt - GovernmentOther Product Type(s):REGISTERED REPS WHO WERE EXECUTING BLOCK-SIZE BOND TRADES INEXEMPT PAPER WITH VERMONT COMMUNITY BANKS TRADING ASINSTITUTIONAL-ONLY INVESTORS FOR THE BANKS' INTERNALPORTFOLIOS.Resolution Date:07/09/2003Resolution:Other Sanctions Ordered:NONESanction Details:NONEFirm StatementTHIS WAS NOT A CUSTOMER COMPLAINT. THE STATE OF VERMONTPERMITTED US TO REGISTER OUR REPS.Sanctions Ordered:Monetary/Fine $12,500.00ConsentDisclosure 8 of 8iReporting Source:RegulatorInitiated By:SECURITIES AND EXCHANGE COMMISSIONDate Initiated:01/16/1992Docket/Case Number:Principal Product Type:No ProductAllegations:VIOLAITONS OF CERTAIN BROKER-DEALER AND GOVERNMENTSECURITIES BROKER-DEALER RECORD-KEEPING PROVISIONS OF THESECURITIES EXCHANGE ACT OF 1934 IN CONNECTION WITH THERESPONDENTS' PARTICIPATION IN CERTAIN PRIMARY DISTRIBUTIONS OFUNSECURED DEBT SECURITIES.Current Status:Final33©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidancePrincipal Sanction(s)/ReliefSought:Other Sanction(s)/ReliefSought:Other Product Type(s):Resolution Date:01/16/1992Resolution:Other Sanctions Ordered:Sanction Details:IT IS ORDERED THAT VINING SHALL CEASE AND DESIST FROMCOMMITTING OR CAUSING ANY VIOLATION, AND FROM COMMITTING ORCAUSING ANY FUTURE VIOLATIONS, OF SECTION 17(A) OF THE EXCHANGEACT AND 17 C.F.R. &&240.17A-3 AND 240.17A-4 IN CONNECTION WITH ANYPRIMARY DISTRIBUTION OF UNSECURED DEBT SECURITIES ISSUED BYTHE GSES. VINING SHALL, BEFORE THE CLOSE OF BUSINESS ON THEDATE OF THIS ORDER, PAY A CIVIL PENALTY OF $50,000 TO THE UNITEDSTATES TREASURY. VINING SHALL CONTINUE TO MAINTAIN OR, 60 DAYSOF THE DATE OF THIS ORDER, DEVELOP, IMPLEMENT AND, THEREAFTER,MAINTAIN POLICIES AND PROCEDURES REASONABLY DESIGNED TOENSURE VINING'S FUTURE COMPLIANCE WITH THE PROVISIONS OFSECTION 17(A) OF THE EXCHANGE ACT AND 17 C.F.R. &&240.17A-3 AND240.17A-4. SUCH POLICIES AND PROCEDURES SHALL BE AVAILABLE FORINSPECTION UPON REQUEST BY SEC OR ITS STAFF. VINING SHALLCOMPLY WITH ALL POLICIES AND PROCEDURES IMPLEMENTED ORMAINTAINED PURSUANT TO THIS PARAGRAPH. VINING MAY MODIFY SUCHPOLICIES AND PROCEDURES, IF THE MODIFICATIONS ARE REASONABLYDESIGNED TO ENSURE VINING'S FUTURE COMPLIANCE WITH THEPROVISIONS SET FORTH ABOVE.Regulator Statement[TOP] 3/12/92 SEC NEWS DIGEST, ISSUE 92-11, 1/16/92; THE SECANNOUNCED ADMINISTRATIVE PROCEEDINGS INSTITUTED JOINTLY BYSEC, OFFICE OF THE COMPTROLLER OF THE CURRENCY AND BOARD OFGOVERNORS OF THE FEDERAL RESERVE SYSTEM AGAINST 98REGISTERED BROKER-DEALERS, REGISTERED GOVERNMENTSECURITIES BROKERS AND/OR AND BANKS (RESPONDENTS); THEADMINISTRATIVE PROCEEDINGS RESULT FROM THE RESPONDENTS'ALLEGED VIOLAITONS OF CERTAIN BROKER-DEALER AND GOVERNMENTSECURITIES BROKER-DEALER RECORD-KEEPING PROVISIONS OF THESECURITIES EXCHANGE ACT OF 1934 IN CONNECTION WITH THERESPONDENTS' PARTICIPATION IN CERTAIN PRIMARY DISTRIBUTIONS OFUNSECURED DEBT SECURITIES. (RELS. 34-30192 - 34-30251)Sanctions Ordered:Monetary/Fine $50,000.00Cease and Desist/InjunctionOrder34©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser Guidance3/20/92 SEC DOCKET VOLUME 50 NO. 12, 1/28/92 DISCLOSESADMINISTRATIVE FILE NO. 3-7646 PAGES 1300 - 1302; IT IS ORDERED THATVINING SHALL CEASE AND DESIST FROM COMMITTING OR CAUSING ANYVIOLATION, AND FROM COMMITTING OR CAUSING ANY FUTUREVIOLATIONS, OF SECTION 17(A) OF THE EXCHANGE ACT AND 17 C.F.R.&&240.17A-3 AND 240.17A-4 IN CONNECTION WITH ANY PRIMARYDISTRIBUTION OF UNSECURED DEBT SECURITIES ISSUED BY THE GSES.VINING SHALL, BEFORE THE CLOSE OF BUSINESS ON THE DATE OF THISORDER, PAY A CIVIL PENALTY OF $50,000 TO THE UNITED STATESTREASURY. VINING SHALL CONTINUE TO MAINTAIN OR, 60 DAYS OF THEDATE OF THIS ORDER, DEVELOP, IMPLEMENT AND, THEREAFTER,MAINTAIN POLICIES AND PROCEDURES REASONABLY DESIGNED TOENSURE VINING'S FUTURE COMPLIANCE WITH THE PROVISIONS OFSECTION 17(A) OF THE EXCHANGE ACT AND 17 C.F.R. &&240.17A-3 AND240.17A-4. SUCH POLICIES AND PROCEDURES SHALL BE AVAILABLE FORINSPECTION UPON REQUEST BY SEC OR ITS STAFF. VINING SHALLCOMPLY WITH ALL POLICIES AND PROCEDURES IMPLEMENTED ORMAINTAINED PURSUANT TO THIS PARAGRAPH. VINING MAY MODIFY SUCHPOLICIES AND PROCEDURES, IF THE MODIFICATIONS ARE REASONABLYDESIGNED TO ENSURE VINING'S FUTURE COMPLIANCE WITH THEPROVISIONS SET FORTH ABOVE.iReporting Source:FirmInitiated By:THE SECURITIES AND EXCHANGE COMMISSIONDate Initiated:01/15/1992Docket/Case Number:N/APrincipal Product Type:OtherOther Product Type(s):(OFFER, PURCHASE, OR SALE OF) UNSECURED-DEBT SECURITIES ISSUEDBY CERTAIN GOVERNMENT-SPONSORED ENTERPRISESAllegations:ALLEGATIONS ADDRESSED OVERSTATEMENT OF INDICATIONS OFCUSTOMER INTEREST IN CERTAIN UNDERWRITINGS AND RESULTINGFROM REPORTING PRACTICES OCCURRING STRICTLY BETWEENAGENCIES AND THEIR SELLING-GROUP MEMBERS WHICH WERESTANDARD IN THE INDUSTRY.Current Status:FinalAppealed To and Date AppealFiled:N/A35©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidancePrincipal Sanction(s)/ReliefSought:Cease and DesistOther Sanction(s)/ReliefSought:VINING SPARKS, ALONG WITH ALL GOVERNMENT SELLING-GROUPMEMBERS, WAS PLACED ON A ONE-YEAR PROBATION.Resolution Date:01/15/1992Resolution:Other Sanctions Ordered:Sanction Details:A $50,000.00 FINE WAS ORDERED, WHICH WAS PAID BY VINING SPARKS ONJANUARY 15, 1992.Firm StatementVINING SPARKS AND ALL GOVERNMENT SELLING-GROUP MEMBERS WEREPLACED ON A ONE-YEAR PROBATION AND CERTIFIED CURTAILMENT ANDCESSATION OF THE NAMED PRACTICES. VINING SPARKS ALSOENDORSED NEW SELLING-GROUP PRACTICES.Sanctions Ordered:Monetary/Fine $50,000.00Cease and Desist/InjunctionOrder36©2019 FINRA. All rights reserved. Report about VINING SPARKS www.finra.org/brokercheckUser GuidanceEnd of ReportThis page is intentionally left blank.37©2019 FINRA. All rights reserved. Report about VINING SPARKS Vining Sparks Regulatory History Following you will find a brief discussion regarding the complete regulatory history of Vining Sparks. Should questions remain after your review, please contact us. Registration Issues 2003 ‐ For many years the State of Vermont did not require “institutional only” broker/dealers to register in Vermont, unless the dealer had a branch location there. That rule was amended, and Vining Sparks had registered as a firm, but in certain cases did not register representatives separately as agents in the State of Vermont. The Vermont Securities Department determined in 2003 that several Vining Sparks representatives were not registered in the state and levied a $12,500 fine. All current reps in Vermont are now registered. 2005 ‐ Unlike many other states that recognize a central registration system run by NASD, Florida requires separate registration of branches, directly with the state. Florida agreed that the firm had properly registered all branches with NASD. Florida also agreed that we had paid numerous other applicable state taxes and fees, and, that we had properly registered Florida brokers. In September of 2005, Florida issued an order, and, fined us $10,000 for failure to originally file, directly with Florida, the one page form(s), and, pay the accompanying $100 fee(s), on our branches. No operations of any kind were ever interrupted. All of our branches are now registered and recognized by Florida. 2010 ‐ In 2010, the State of Connecticut Department of Banking informed Vining Sparks that the firm needed to complete the state registration process for some of its representatives. Vining Sparks and the State of Connecticut Department of Banking agreed to enter into a Consent Order which required that Vining Sparks pay a $20,000 fine and register all of its representatives with Connecticut who are serving customers in Connecticut. Trade Reporting 2007, 2011 and 2012 – On three occasions Vining Sparks has paid fines related to late trade reporting. It is important to note that the alleged “late” trade reporting incidents did not involve any customer complaints or dissatisfaction. The majority of the trade reporting exceptions occurred in the municipal security area, including a time when we had newly hired municipal trading staff who were not yet completely familiar with the Firm’s transaction reporting systems and processes, and who, at the same time, were also introducing new trading relationships to the firm, which required significant additional data input to establish the contra‐party accounts. These employees are now fully integrated with respect to the Firm’s systems and procedures. The remaining incidents appeared to have occurred as the result of simple miscommunication between parties involved, and were entirely unintentional. While the Firm cannot guarantee the prevention of such incidents in the future, the reporting policies and procedures, are continued to be monitored and will be modified as necessary to reduce the overall likelihood that these exceptions occur in the future. A fine of $12,500 was paid in 2007, $17,500 in 2011, and $7,500 in 2012. Selling Procedures 1992 ‐ On January 15, 1992, Vining Sparks (VS), consented to the entry of an order by the SEC. Under the Order, the Commission found, without admission or denial by VS, that VS violated Sec. 17(a) of the Exchange Act and 17 C.F.R., Sections 240.17a‐3 and 240.17a‐4 in connection with the offer, purchase or sale of certain unsecured debt securities issued by certain government‐sponsored enterprises. Allegations centered upon the overstatement of indications of customer interest in certain underwritings. VS, along with all 98 group dealers named in the SEC’s order, were placed on one year probation. A $50,000 fine was ordered, which was paid. The allegations are the result of reporting practices by selling group members which were standard in the industry and of which many of the agencies have confessed prior knowledge during congressional testimony. These practices occurred strictly between the agencies and its selling group members, and it is neither implied nor is it the case that any customer received any inaccurate information from Vining Sparks concerning the agency issues. Vining Sparks, as well as all the other selling group members, continue to distribute new issue agency securities and will continue to do so. All agency selling group members, including Vining Sparks, have endorsed new selling group procedures and have certified that the reporting practices mentioned above have been curtailed and will not be practiced in the future. 2013 ‐ On November 1, 2013, Vining Sparks signed an Acceptance, Waiver & Consent letter with FINRA regarding allegations that it failed to adequately supervise a branch office employee in the trading of fixed‐income securities with another broker‐dealer during the time period of 2007‐2008. Without admitting or denying the findings, the Firm consented to the described sanctions and was censured and fined $50,000. VINING SPARKS 8-43150 27502 X 16 17 18 19 775 RIDGE LAKE BLVD., SUITE 200 MEMPHIS TN 38120 01/01/19 26 HAROLD GLADNEY (901) 762-5309 X 40 41 42 03/31/19 FORM FOCUS REPORT X-17A-5 (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) PART II 11 (Please read instructions before preparing Form) This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a)2) Rule 17a-5(b)3) Rule 17a-11 4) Special request by designated examining authority 5) Other NAME OF BROKER-DEALER SEC. FILE NO. ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.)FIRM ID NO. FOR PERIOD BEGINNING (MM/DD/YY) (No. and Street) AND ENDING (MM/DD/YY) (City)(State)(Zip Code) NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT(Area code) - Telephone No. NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT OFFICIAL USE DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ?YES NO CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT 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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION 13 14 15 20 21 22 23 24 30 31 32 33 34 35 36 37 38 39 25 2019-04-22 03:25PM EDT Status: Accepted 7,562,776 2,837,329 662,224 15,537,269 1,001,917 131,949,043 03/31/19 8-43150 131,949,043 252,013,666 35,465,265 12,341,983 991,184 15,382,875 662,224 0 2,837,329 7,562,776 154,394 10,733 X VINING SPARKS 2. Other B. Partly secured and unsecured accounts PART II BROKER OR DEALER N 2 as of (MM/DD/YY) SEC FILE NO. ASSETS Allowable Nonallowable Total Unconsolidated ( 200 210 220 230 240 250 260 270 290 300 310 330 335 340 350 360 370 380 390 400 ) 770 780 790 800 810 820 830 840 1. Cash 2. Cash segregated in compliance with federal and other regulations 3. Receivable from brokers or dealers and clearing organizations: A. Failed to deliver: 1. Includable in "Formula for Reserve Requirements" B. Securities borrowed: 1. Includable in "Formula for Reserve C. Omnibus accounts: 1. Includable in "Formula for Reserve D. Clearing Organizations: 1.Includable in "Formula for Reserve E. Other 4. Receivables from customers: A. Securities accounts: 1. Cash and fully secured accounts 2. Partly secured accounts 3. Unsecured Accounts B. Commodity accounts C. Allowance for doubtful accounts 5. Receivables from non-customers: 6. Securities purchased under agreements to resell 7. Securities and spot commodities owned, at market value: A. Banker's acceptances, certificates of deposit and commercial paper B. U.S. and Canadian government obligations C. State and municipal government obligations D. Corporate obligations Requirements" Requirements" 550 580 590 600 605 570 320 560 OMIT PENNIES )( Page 1 Requirements"280 ............... ........ .......................... $$ $ Consolidated A. Cash and fully secured accounts FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT STATEMENT OF FINANCIAL CONDITION ............................ .......... .................. ................... ......................... ................... ................... .......................... ............ ..... ................ ........ ....... . ........................ ........................ ........................2. Other 2. Other 2. Other ....................... ....................... 760 750 198 199 100 98 99 2019-04-22 03:25PM EDT Status: Accepted 03/31/19 VINING SPARKS 262,470 379,248 4,865,346 1,082,666 49,751 367,886 2,736,741 464,071,691 5,043,889 181,936,012 469,115,580 3,154,378 262,470 379,248 5,948,012 299,820,914 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER STATEMENT OF FINANCIAL CONDITION ASSETS (continued) as of Allowable Page 2 Nonallowable Total I. Spot Commodities ..................430 H. Other securities ....................424 G. Arbitrage .........................422 F. Options ..........................420 E. Stocks and warrants $................410 8. Securities owned not readily marketable: A. At Cost 440 $610 9. Other investments not readily marketable: ......$140 B. At estimated fair value ...............450 620 10. Securities borrowed under subordination agree- ments and partners' individual and capital securities accounts, at market value: A. Exempted securities ....$150 B. Other .......$160 460 630 11. Secured demand notes- market value of collateral: A. Exempted securities ....$170 B. Other .......$180 470 640 12. Memberships in exchanges: A. Owned, at market value .......$190 B. Owned at cost .....................650 C. Contributed for use of company, at market value .....................660 13. Investment in and receivables from affiliates, subsidiaries and associated partnerships ...............480 670 14. Property, furniture, equipment, leasehold improvements and rights under lease agreements: At cost (net of accumulated depreciation and amortization)..........490 680 15. Other Assets: A. Dividends and interest receivable .......500 690 B. Free shipments ...................510 700 C. Loans and advances ................520 710 720 J.Total inventory - includes encumbered securities of $...... $...... 130 120 16. TOTAL ASSETS ...................$540 $740 $ $...... D. Miscellaneous ..................... E. Collateral accepted under SFAS 140 F. SPE Assets .................... 530 536 537 $ .... 860 870 880 890 900 910 920 940 OMIT PENNIES 930 850 2019-04-22 03:25PM EDT Status: Accepted VINING SPARKS 03/31/19 513,725 177,249,790 1,972,384 127,811 50,617,667 513,725 134,191,033 371,761 4,902,045 524,768 5,521,396 PART II FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT BROKER OR DEALER as of Page 3 *Brokers or Dealers electing the alternative net capital requirement method need not complete these columns. B. Commodities accounts 21. Payable to non customers: A. Securities accounts B. Commodities accounts value - including arbitrage and expenses: A. Drafts payable B. Accounts payable C. Income taxes payable D. Deferred income taxes C. Omnibus accounts: D. Clearing organizations: B. Other B. Securities loaned: Requirements" Liabilities 2. Other .................... ........................ .. ............. ............ ................ ................... ............. ............... ......... ............. F. Other ......................... E. Accrued expenses and other liabilities of ...... of ...... E. Other ......................... 20. Payable to customers: 2. Other ........................ Requirements" 2. Other ........................ Requirements" 2. Other ........................ Requirements" Requirements" $ $ 1. Includable in "Formula for Reserve 1. Includable in "Formula for Reserve 1. Includable in "Formula for Reserve A. Securities accounts - including free credits 22. Securities sold not yet purchased at market 23. Accounts payable and accrued liabilities ................ STATEMENT OF FINANCIAL CONDITION LIABILITIES AND OWNERSHIP EQUITY 17. Bank loans payable: A. Includable in "Formula for Reserve ......................... ................... 18. Securities sold under repurchase agreements. 19. Payable to brokers or dealers and clearing organizations: A. Failed to receive: 1. Includable in "Formula for Reserve ................. ................. ................. OMIT PENNIES G. Obligation to return securities ....... H. SPE Liabilities .................. 960 950 $ *Liabilities Non-A.I. *Liabilities A.I. $1240 1250 1260 1270 1280 1290 1300 1310 1320 1330 1340 1350 1360 1370 1380 1386 1387 1050 1060 1070 1080 1090 1095 1100 1105 1110 1120 1130 1140 1150 1160 1170 1180 1190 1200 1030 1040 Total $1460 1470 1480 1490 1500 1510 1520 1530 1540 1550 1560 1570 1580 1590 1600 1610 1620 1630 1640 1650 1660 1670 1680 1686 1687 2019-04-22 03:25PM EDT Status: Accepted 91,874,569 93,123,200 375,992,380 93,123,200 469,115,580 VINING SPARKS 03/31/19 general creditors: from outsiders 1. from outsiders 2. Includes equity subordination(15c3-1(d)) D. Exchange memberships contributed for E. Accounts and other borrowings not Ownership Equity 28. Partnership - limited Page 4 use of company, at market value Total OMIT PENNIES * Brokers or Dealers electing the alternative net capital requirement method need not complete these columns. FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT STATEMENT OF FINANCIAL CONDITION LIABILITIES AND OWNERSHIP EQUITY (continued) Liabilities 24. Notes and mortgages payable: 25. Liabilities subordinated to claims of 2. Includes equity subordination(15c3-1(d)) C. Pursuant to secured demand note .......... A. Unsecured ............................ B. Secured ............................. of ......... of ......... qualified for net capital purposes ........... 26. TOTAL LIABILITIES .................... 27. Sole proprietorship ............................................................. partners .............. 29. Corporation:.................................................................. .............................................................. .............................................................. ....................................................... ............................................................ ...................................................................... )(..................................................... 30. TOTAL OWNERSHIP EQUITY ..................................................... 31. TOTAL LIABILITIES AND OWNERSHIP EQUITY ....................................... A. Cash borrowings:....................... 1. from outsiders collateral agreements:................... $ $ $ $ $ $ $ $ $ $ $ $ $ A. Preferred stock B. Common stock C. Additional paid- in capital D. Retained Earnings F. Total G. Less capital stock in treasury B. Securities borrowings, at market value:...... 1690 1700 1710 1730 1740 1750 1760 1770 1780 1791 1792 1793 1794 1795 1796 1800 1810 1720 1020 PART II as of BROKER OR DEALER 0970 0980 0990 1000 1010 A.I.Non-A.I. Liabilities **Liabilities $ $ 1400 1420 1430 1440 1450 1410 1390 1210 1211 1220 1230 E. Accumulated other comprehensive income ............................................1797 2019-04-22 03:25PM EDT Status: Accepted VINING SPARKS 03/31/19 93,123,200 93,123,200 93,123,200 5,043,889 5,009 2 1,900,117 6,949,015 86,174,185 9,222,440 1,592,612 1,842,813 12,657,865 73,516,320 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of COMPUTATION OF NET CAPITAL .....................$ ....................................( .......................................... A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ...... B. Other (deductions) or allowable credits (List)......................................... ........................................$ A. Total non-allowable assets from Statement of Financial Condition (Notes B and C)..............$3540 1. Additional charges for customers' and non-customers' security accounts ........................3550 2. Additional charges for customers' and non-customers' commodity accounts .....................3560 B. Aged fail-to-deliver:....................................3570 1. number of items ...............3450 C. Aged short security differences-less ......................$3460 3580 number of items ................3470 D. Secured demand note deficiency ..........................3590 E. Commodity futures contracts and spot commodities - proprietary capital charges ................................3600 F. Other deductions and/or charges ..........................3610 G. Deductions for accounts carried under Rule 15c3-1(a)(6), (a)(7) and (c)(2)(x).......................3615 H. Total deductions and/or charges ..................................................( ........................................... .......................................$ pursuant to 15c3-1(f)): A. Contractual securities commitments ........................$$3660 B. Subordinated securities borrowings ........................3670 C. Trading and investment securities:......................... 1. Bankers' acceptances, certificates of deposit and commercial paper ................................3680 2. U.S. and Canadian government obligations ................3690 3. State and municipal government obligations ................3700 4. Corporate obligations .................................3710 5. Stocks and warrants ..................................3720 ...........................................3730 7. Arbitrage ..........................................3732 8. Other securities .....................................3734 D. Undue concentration ...................................3650 .........................................3736 ( ...................................................................$ OMIT PENNIES Page 5 3480 )3490 3500 3520 3525 3530 reserve of )3620 3630 3640 6. Options E. Other (List))3740 3750 1. Total ownership equity (from Statement of Financial Condition - Item 1800) 2. Deduct: Ownership equity not allowable for Net Capital 3. Total ownership equity qualified for Net Capital 4. Add: 5. Total capital and allowable subordinated liabilities 6. 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 applicable, 10. Net Capital 2019-04-22 03:25PM EDT Status: Accepted 03/31/19 VINING SPARKS 19,624 250,000 0.00 7492.49 7492.49 73,216,320 250,000 73,266,320 as of Part B 27. Percentage of Net Capital, after anticipated capital withdrawals, to Aggregate Debits Part C NOTES: non-allowable assets. 10/85 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 23. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital 28. Net capital in excess of the greater of: OTHER RATIOS 30. Options deductions/Net Capital ratio (1000% test) total deductions exclusive of liquidating 1. Minimum dollar net capital requirement, or included in non-allowable assets. (C) For reports filed pursuant to paragraph (d) of Rule 17a-5, respondent should provide a list of material Page 6 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER brokers or dealers and consolidated subsidiaries' debits requirement of subsidiaries computed in accordance with Note(A) 24. Net capital requirement (greater of line 22 or 23) 25. Excess net capital (line 10 less 24) 26. Percentage of Net Capital to Aggregate Debits (line 10 divided by line 18 page 8) item 10 less Item 4880 page 12 divided by line 17 page 8) 5% of combined aggregate debit items or 120% of minimum net capital requirement 29. Percentage of debt to debt-equity total computed in accordance with Rule 15c3-1 (d) equity under Rule 15c3-1(a)(6), (a)(7) and (c)(2)(x) divided by Net Capital ....................................... ............................................ .................................................... ........................ ........................................ ..................... .................... ............................ COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT (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: 2. 6-2/3% of aggregate indebtedness or 2% of aggregate debits if alternate 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 memberships in exchanges contributed for use of company (contra to item 1740) and partners' securities which were $ $ $ $ $ % % % % 3870 3880 3760 3910 3851 3854 3920 3860 3852 21. Percentage of aggregate indebtedness to net capital after anticipated capital withdrawals Part A COMPUTATION OF BASIC NET CAPITAL REQUIREMENT 11. Minimal net capital required (6-2/3% of line 19) of subsidiaries computed in accordance with Note (A) 13. Net capital requirement (greater of line 11 or 12) 14. Excess net capital (line 10 less 13) 15. Net capital less greater of 10% of line 19 or 120% of line 12 COMPUTATION OF AGGREGATE INDEBTEDNESS 16. Total A.I. liabilities from Statement of Financial Condition 17. Add: A. Drafts for immediate credit B. Market value of securities borrowed for which no equivalent value is paid or credited C. Other unrecorded amounts (List) 18. Deduct: Adjustment based on deposits in Special Reserve Bank Accounts(15c3-1(c)(1)(vii)) 19. Total aggregate indebtedness 20. Percentage of aggregate indebtedness to net capital (line 19 divided by line 10) (line 19 divided by line 10 less item 4880 page 12) ..................................................... ............................................... ......................................... ............................................ ....................................... ....................................... ............... ....................................................... ....................... ............................................ 12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement $ $ $ $ $ $ $ $ $ % % $ $ $ ................................. ........................... ............................ 3756 3790 3838 3853 3800 3810 3820 3830 3840 3850 3780 3770 3758 3760 2019-04-22 03:25PM EDT Status: Accepted 221,477 17,760 17,760 418,151 4,287,006 314,738 314,738 679,558 VINING SPARKS 14,780,899 482,338 15,263,237 161,675 547,993 1,192,716 17,601,532 75,000 7,219,249 1,850,216 1,197,157 1,064,981 278,737 669,661 17,286,794 287,837 135,473 01/01/19 03/31/19 3 0 314,738 ........................... ........................ Page 7 4135 MONTHLY INCOME EXPENSES 18. Clearance paid to non-brokers (see definition) 19. Communications 22. Interest expense 24. Data processing costs (including service bureau service charges) 25. Non-recurring charges 26. Regulatory fees and expenses 27. Other expenses NET INCOME/COMPREHENSIVE INCOME 33. [RESERVED] FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II REVENUE STATEMENT OF INCOME (LOSS) or STATEMENT OF COMPREHENSIVE INCOME (as defined in §210.1-02 of Regulation S-X), as applicable 1. Commissions: 2. Gains or losses on firm securities trading accounts 3. Gains or losses on firm securities investment accounts 9. Commodities revenue $ 3937 c. Commissions on listed option transactions d. All other securities commissions e. Total securities commissions a. From market making in over-the-counter equity securities 3941 ...................... ............... .................................................. ........................................................ ........................................................... ....................................... .................................................................. ................................................ .................................................................... .................................................................... .................................. ................................................................ .......................................................... .................................................................... a. Commissions on transactions in listed equity securities executed on an exchange b. Commissions on transactions in exchange listed equity securities executed over-the-counter 1. Includes gains or (losses) OTC market making in exchange listed equity securities 3943 b. From trading in debt securities ......................................................... c. From market making in options on a national securities exchange ..................................3945 d. From all other trading ................................................................ e. Total gains or (losses)............................................................... a. Includes realized gains (losses)....................................4235 b. Includes unrealized gains (losses)..................................4236 c. Total realized and unrealized gains (losses)................................................3952 4. Profits or losses from underwriting and selling groups ...........................................3955 a. Includes underwriting income from corporate equity securities ...............4237 5. Margin interest ...................................................................... 6. Revenue from sale of investment company shares .............................................. 7. Fees for account supervision, investment advisory and administrative services .......................... 10. Other revenue related to securities business ................................................. 8. Revenue from research services .......................................................... ...................................................$ 11. Other revenue ...................................................................... 12. Total revenue ......................................................................$ ...............................................4040 .................. .......4130 .......................................... .................................4145 13. Registered representatives' compensation 14. Clerical and administrative employees' expenses 15. Salaries and other employment costs for general partners and voting stockholder officers a. Includes interest credited to General and Limited Partners capital accounts 16. Floor brokerage paid to certain brokers (see definition) 17. Commissions and clearance paid to all other brokers (see definition) 20. Occupancy and equipment costs ......................................................... 21. Promotional costs ................................................................... a. Includes interest on accounts subject to subordination agreements ............4070 23. Losses in error account and bad debts ..................................................... 28. Total expenses ..................................................................... 29. Income (loss) before Federal income taxes and items below (Item 12 less Item 28)4210 30. Provision for Federal Income taxes (for parent only)............................................4220 31. Equity in earnings (losses) of unconsolidated subsidiaries not included above 4222 a. After Federal income taxes of ......................................4238 32. [RESERVED] a. [RESERVED] 34. Net income (loss) after Federal income taxes ..........................................$4230 37. Income (current month only) before provision for Federal income taxes ............................$4211 $ $ BROKER OR DEALER For the period (MMDDYY) from 3932 to 3933 Number of months included in this statement 3931 3935 3938 3944 3949 3950 3960 3990 3980 3975 3970 3985 3995 4030 4120 4110 4055 4060 4080 4075 4150 4100 4200 4186 4170 4190 4195 3939 3940 35. Other Comprehensive income (loss)............................................4226 a. After Federal income taxes of ......................................4227 36. Comprehensive income (loss)4228$............................................ 2019-04-22 03:25PM EDT Status: Accepted 03/31/19 VINING SPARKS 885,487 1,972,384 123,979 2,981,850 981,200 981,200 29,436 951,764 0 2,030,086 2,837,329 2,837,329 X FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of FORMULA FOR DETERMINATION OF CUSTOMER ACCOUNT RESERVE REQUIREMENTS OF BROKERS AND DEALERS UNDER RULE 15c3-3 (See Rule 15c3-3, Exhibit A and Related Notes) CREDIT BALANCES 1. Free credit balances and other credit balances in customers' security accounts (See Note A)$4340 2. Monies borrowed collateralized by securities carried for the accounts of customers (See Note B)4350 3. Monies payable against customers' securities loaned (See Note C)4360 4. Customers' securities failed to receive (See Note D)4370 5. Credit balances in firm accounts which are attributable to principal sales to customers 4380 6. Market value of stock dividends, stock splits and similar distributions receivable outstanding over 30 calendar days 4390 7. ** Market value of short security count differences over 30 calendar days old 4400 8. ** Market value of short securities and credits (not to be offset by longs or by debits) in all suspense accounts over 30 calendar days 4410 9. Market value of securities which are in transfer in excess of 40 calendar days and have not been confirmed to be in transfer by the transfer agent or the issuer during the 40 days 4420 10. Other (List)4425 11. TOTAL CREDITS $4430 DEBIT BALANCES 12. ** Debit balances in customers' cash and margin accounts excluding unsecured accounts and accounts doubtful of collection (See Note E)$4440 13. Securities borrowed to effectuate short sales by customers and securities borrowed to make delivery on customers' securities failed to deliver 4450 14. Failed to deliver of customers' securities not older than 30 calendar days 4460 15. Margin required and on deposit with the Options Clearing Corporation for all option contracts written or purchased in customer accounts (See Note F)4465 16. Margin required and on deposit with a clearing agency registered with the Commission under section 17A of the Act (15 U.S.C. 78q-1) or a derivatives clearing organization registered with the Commodity Futures Trading Commission under section 5b of the Commodity Exchange Act (7 U.S.C. 7a-1) related to the following types of positions written, purchased or sold in customer accounts: (1) security futures products and (2) futures contracts (and options thereon) carried in a securities account pursuant to an SRO portfolio mar- gining rule (See Note G)4467 17. Other (List)4469 18. ** Aggregate debit items $4470 19. ** Less 3% (for alternative method only - see Rule 15c3-1(a)(1)(ii))()4471 20. ** TOTAL 15c3-3 DEBITS 4472 RESERVE COMPUTATION 21. Excess of total debits over total credits (line 20 less line 11)$4480 22. Excess of total credits over total debits (line 11 less line 20)4490 23. If computation is made monthly as permitted, enter 105% of excess of total credits over total debits 4500 24. Amount held on deposit in "Reserve Bank Account(s)", including $4505 value of qualified securities, at end of reporting period 4510 25. Amount of deposit (or withdrawal) including $4515 value of qualified securities 4520 26. New amount in Reserve Bank Account(s) after adding deposit or subtracting withdrawal including $4525 value of qualified securities $4530 27. Date of deposit (MMDDYY)4540 FREQUENCY OF COMPUTATION OMIT PENNIES 28. Daily 4332 Weekly 4333 Monthly 4334 ** In the event the Net Capital Requirement is computed under the alternative method, this "Reserve Formula" shall be prepared in accordance with the requirements of paragraph (a)(1)(ii) of Rule 15c3-1. Page 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2019-04-22 03:25PM EDT Status: Accepted 03/31/19 VINING SPARKS 0 0 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of FORMULA FOR DETERMINATION OF PAB ACCOUNT RESERVE REQUIREMENTS OF BROKERS AND DEALERS UNDER RULE 15c3-3 (See Rule 15c3-3, Exhibit A and Related Notes*) CREDIT BALANCES 1. Free credit balances and other credit balances in PAB security accounts (See Note A)$2110 2. Monies borrowed collateralized by securities carried for the accounts of PAB (See Note B)2120 3. Monies payable against PAB securities loaned (See Note C)2130 4. PAB securities failed to receive (See Note D)2140 5. Credit balances in firm accounts which are attributable to principal sales to PAB 2150 6. Market value of stock dividends, stock splits and similar distributions receivable outstanding over 30 calendar days 2152 7. ** Market value of short security count differences over 30 calendar days old 2154 8. ** Market value of short securities and credits (not to be offset by longs or by debits) in all suspense accounts over 30 calendar days 2156 9. Market value of securities which are in transfer in excess of 40 calendar days and have not been confirmed to be in transfer by the transfer agent or the issuer during the 40 days 2158 10. Other (List)2160 11. TOTAL PAB CREDITS $2170 DEBIT BALANCES 12. Debit balances in PAB cash and margin accounts excluding unsecured accounts and accounts doubtful of collection (See Note E)$2180 13. Securities borrowed to effectuate short sales by PAB and securities borrowed to make delivery on PAB securities failed to deliver 2190 14. Failed to deliver of PAB securities not older than 30 calendar days 2200 15. Margin required and on deposit with the Options Clearing Corporation for all option contracts written or purchased in PAB accounts (See Note F)2210 16. Margin required and on deposit with a clearing agency registered with the Commission under section 17A of the Act (15 U.S.C. 78q-1) or a derivatives clearing organization registered with the Commodity Futures Trading Commission under section 5b of the Commodity Exchange Act (7 U.S.C. 7a-1) related to the following types of positions written, purchased or sold in PAB accounts: (1) security futures products and (2) futures contracts (and options thereon) carried in a securities account pursuant to an SRO portfolio margining rule (See Note G)2215 17. Other (List)2220 18. TOTAL PAB DEBITS $2230 RESERVE COMPUTATION 19. Excess of total PAB debits over total PAB credits (line 18 less line 11)$2240 20. Excess of total PAB credits over total PAB debits (line 11 less line 18)2250 21. Excess debits in customer reserve formula computation 2260 22. PAB Reserve Requirement (line 20 less line 21)2270 23. Amount held on deposit in "Reserve Bank Account(s)", including $2275 value of qualified securities, at end of reporting period 2280 24. Amount of deposit (or withdrawal) including $2285 value of qualified securities 2290 25. New amount in Reserve Bank Account(s) after adding deposit or subtracting withdrawal including $2295 value of qualified securities $2300 26. Date of deposit (MMDDYY)2310 FREQUENCY OF COMPUTATION OMIT PENNIES 27.Daily 2315 Weekly 2320 Monthly 2330 * See Notes regarding the PAB Reserve Bank Account Computation (Notes 1 through 10). ** In the event the Net Capital Requirement is computed under the alternative method, this "Reserve Formula" shall be prepared in accordance with the requirements of paragraph (a)(1)(ii) of Rule 15c3-1. Page 8A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2019-04-22 03:25PM EDT Status: Accepted VINING SPARKS 03/31/19 X FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS FOR BROKER-DEALERS UNDER RULE 15c3-3 (continued) EXEMPTIVE PROVISIONS 26. If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based: C. (k) (2)(ii)-All customer transactions cleared through another broker-dealer on a fully disclosed basis. Information for Possession or Control Requirements Under Rule 15c3-3 State the market valuation and the number of items of: 1. Customers' fully paid securities and excess margin securities not in the respondent's possession or control as of the report date (for which instructions to reduce to possession or control had been issued as of the report date) but for which the required action was not taken by respondent within the time frames specified under Rule 15c3-3. Notes A and B B. (k) (2)(i)-"Special Account for the Exclusive Benefit of customers" maintained A. (k) (1)-Limited business (mutual funds and/or variable annuities only)...................... A. Number of items ......................... 2. Customers' fully paid securities and excess margin securities for which instructions to reduce to possession or control had not been issued as of the report date, excluding items arising from "temporary lags which result from normal business operations" as permitted under Rule 15c3-3. Notes B,C and D 3. The system and procedures utilized in complying with the requirement to maintain physical possession or control of customers' fully paid and excess margin securities have been tested and are functioning in a manner adequate to fulfill the requirements of Rule 15c3-3 4584 NOTES Page 9 OMIT PENNIES No 4585 A. Number of items 4550 4560 4586 4587 4588 4589 $ $ $ Yes... ................. ......................... ................................................................ .................................................... .............................................................. Name(s) of Clearing Firm(s) - Please separate multiple names with a semi-colon 4335 4570 D. (k) (3)-Exempted by order of the Commission .........................................4580 possession or control but for which no action was required by the respondent as of the report date or required action was taken by respondent within the time frames specified under Rule 15c3-3. subsequently reduced to possession or control by the respondent. operations" as permitted under Rule 15c3-3. annual audit of financial statements, whether or not such date is the end of a calendar quarter. The response to item two should be filed within 60 calendar days after such date, rather than with the remainder of this report. This information may be required on a more frequent basis by the Commission or the designated examining authority in accordance with Rule 17a-5(a)(2)(iv). A--Do not include in item one customers' fully paid and excess margin securities required by Rule 15c 3-3 to be in B--State separately in response to items one and two whether the securities reported in response thereto were C--Be sure to include in item two only items not arising from "temporary lags which result from normal business D--Item two must be responded to only with report which is filed as of the date selected for the broker's or dealer's 2019-04-22 03:25PM EDT Status: Accepted VINING SPARKS 03/31/19 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II STATEMENT OF SEGREGATION REQUIREMENTS AND FUNDS IN SEGREGATION FOR CUSTOMERS TRADING ON U.S. COMMODITY EXCHANGES SEGREGATION REQUIREMENTS (Section 4d(2) of the CEAct) 1. Net ledger balance A. Cash B. Securities (at market) 2. Net unrealized profit (loss) in open futures contracts traded on a contract market 3. Exchange traded options A. Add market value of open option contracts purchased on a contract market B. Deduct market value of open option contracts granted (sold) on a contract market 4. Net equity (deficit) (add lines 1, 2, and 3) 5. Accounts liquidating to a deficit and accounts with debit balances - gross amount 7045 Less: amount offset by customer owned securities ()7047 6. Amount required to be segregated (add lines 4 and 5) FUNDS IN SEGREGATED ACCOUNTS 7. Deposited in segregated funds bank accounts A. Cash B. Securities representing investments of customers' funds (at market) C. Securities held for particular customers or option customers in lieu of cash (at market) 8. Margins on deposit with derivatives clearing organizations of contract markets A. Cash B. Securities representing investments of customers' funds (at market) C. Securities held for particular customers or option customers in lieu of cash (at market) 9. Net settlement from (to) derivatives clearing organizations of contract markets 10. Exchange traded options A. Value of open long option contracts B. Value of open short option contracts 11. Net equities with other FCMs A. Net liquidating equity B. Securities representing investments of customers' funds (at market) C. Securities held for particular customers or option customers in lieu of cash (at market) 12. Segregated funds on hand (describe:) 13. Total amount in segregation (add lines 7 through 12) 14. Excess (deficiency) funds in segregation (subtract line 6 from line 13) () () $ $ $ $ Page T10-1 7010 7020 7030 7032 7033 7040 7050 7060 7070 7080 7090 7100 7110 7120 7130 7132 7133 7140 7160 7170 7150 7180 7190 BROKER OR DEALER as of 15. Management Target Amount for Excess funds in segregation $7194 16. Excess (deficiency) funds in segregation over (under) Management Target Amount Excess $7198 2019-04-22 03:25PM EDT Status: Accepted VINING SPARKS 03/31/19 Page T10-2 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER STATEMENT OF SEGREGATION REQUIREMENTS AND FUNDS IN SEGREGATION FOR CUSTOMERS' DEALER OPTIONS ACCOUNTS 1. Amount required to be segregated in accordance with Commission regulation 32.6 7200 2. Funds in segregated accounts A. Cash 7210 B. Securities (at market)7220 C. Total 7230 3. Excess (deficiency) funds in segregation (subtract line 2.C from line 1)7240 $ $ $ as of 2019-04-22 03:25PM EDT Status: Accepted VINING SPARKS 03/31/19 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of STATEMENT OF SECURED AMOUNTS AND FUNDS HELD IN SEPARATE ACCOUNTS PURSUANT TO COMMISSION REGULATION 30.7 FOREIGN FUTURES AND FOREIGN OPTIONS SECURED AMOUNTS $7305 1. Net ledger balance - Foreign Futures and Foreign Option Trading - All Customers A. Cash $7315 B. Securities (at market)7317 2. Net unrealized profit (loss) in open futures contracts traded on a foreign board of trade 7325 3. Exchange traded options A. Market value of open option contracts purchased on a foreign board of trade 7335 B. Market value of open contracts granted (sold) on a foreign board of trade 7337 4. Net equity (deficit) (add lines 1. 2. and 3.)$7345 5. Accounts liquidating to a deficit and accounts with debit balances - gross amount $7351 Less: amount offset by customer owned securities ()7352 7354 6. Amount required to be set aside as the secured amount - Net Liquidating Equity Method (add lines 4 and 5)$7355 7. Greater of amount required to be set aside pursuant to foreign jurisdiction (above) or line 6.$7360 Page T10-3 Amount required to be set aside pursuant to law, rule or regulation of a foreign government or a rule of a self-regulatory organization authorized thereunder 2019-04-22 03:25PM EDT Status: Accepted VINING SPARKS 03/31/19 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER STATEMENT OF SECURED AMOUNTS AND FUNDS HELD IN SEPARATE ACCOUNTS PURSUANT TO COMMISSION REGULATION 30.7 FUNDS DEPOSITED IN SEPARATE REGULATION 30.7 ACCOUNTS 1. Cash in banks A. Banks located in the United States 7500 B. Other banks qualified under Regulation 30.7 Name(s):7510 7520 7530 2. Securities A. In safekeeping with banks located in the United States 7540 B. In safekeeping with other banks qualified under Regulation 30.7 Name(s):7550 7560 7570 3. Equities with registered futures commission merchants A. Cash 7580 B. Securities 7590 C. Unrealized gain (loss) on open futures contracts 7600 D. Value of long option contracts 7610 E. Value of short option contracts ()7615 7620 4. Amounts held by clearing organizations of foreign boards of trade Name(s):7630 A. Cash 7640 B. Securities 7650 C. Amount due to (from) clearing organizations - daily variation 7660 D. Value of long option contracts 7670 E. Value of short option contracts 7675 7680 5. Amounts held by members of foreign boards of trade Name(s):7690 A. Cash 7700 B. Securities 7710 C. Unrealized gain (loss) on open futures contracts 7720 D. Value of long option contracts 7730 E. Value of short option contracts 7735 7740 6. Amounts with other depositories designated by a foreign board of trade Name(s):7750 7760 7. Segregated funds on hand (describe:7765 8. Total funds in separate section 30.7 accounts 7770 ( ( ) ) $ $ $ $ $ $ ) $ as of 9. Excess (deficiency) set Aside Funds for Secured Amount (subtract Line 7 Secured Statement page T10-3 from Line 8)$7380 10. Management Target Amount for Excess funds in separate section 30.7 accounts $7780 11. Excess (deficiency) funds in separate 30.7 accounts over (under) Management Target $7785 Page T10-4 2019-04-22 03:25PM EDT Status: Accepted VINING SPARKS 03/31/19 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of STATEMENT OF CLEARED SWAPS CUSTOMER SEGREGATION REQUIREMENTS AND FUNDS IN CLEARED SWAPS CUSTOMER ACCOUNTS UNDER 4D(F) OF THE CEA Cleared Swaps Customer Requirements 1. Net ledger balance A. Cash $8500 B. Securities (at market)8510 2. Net unrealized profit (loss) in open cleared swaps 8520 3. Cleared swaps options A. Market value of open cleared swaps option contracts purchased 8530 B. Market value of open cleared swaps option contracts granted (sold)()8540 4. Net equity (deficit) (add lines 1, 2, and 3)$8550 5. Accounts liquidating to a deficit and accounts with debit balances - gross amount $8560 Less: amount offset by customer owned securities ()8570 8580 6. Amount required to be segregated for cleared swaps customers (add lines 4 and 5)$8590 Funds in Cleared Swaps Customer Segregated Accounts 7. Deposited in cleared swaps customer segregated accounts at banks A. Cash $8600 B. Securities representing investments of cleared swaps customers' funds (at market)8610 C. Securities held for particular cleared swaps customers in lieu of cash (at market)8620 8. Margins on deposit with derivatives clearing organizations in cleared swaps customer segregated accounts A. Cash 8630 B. Securities representing investments of cleared swaps customers' funds (at market)8640 C. Securities held for particular cleared swaps customers in lieu of cash (at market)8650 9. Net settlement from (to) derivatives clearing organizations 8660 10. Cleared swaps options A. Value of open cleared swaps long option contracts 8670 B. Value of open cleared swaps short option contracts ()8680 11. Net equities with other FCMs A. Net liquidating equity 8690 B. Securities representing investments of cleared swaps customers' funds (at market)8700 C. Securities held for particular cleared swaps customers in lieu of cash (at market)8710 12. Cleared swaps customer funds on hand (describe: _____________________________________ )8715 13. Total amount in cleared swaps customer segregation (add lines 7 through 12)$8720 14. Excess (deficiency) funds in cleared swaps customer segregation (subtract line 6 from line 13)$8730 15. Management Target Amount for Excess funds in cleared swaps segregated accounts $8760 16. Excess (deficiency) funds in cleared swaps customer segregated accounts over (under) Management Target Excess $8770 Page T10-5 2019-04-22 03:25PM EDT Status: Accepted VINING SPARKS 03/31/19 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER COMPUTATION OF CFTC MINIMUM NET CAPITAL REQUIREMENT i. Amount of Customer Risk Maintenance Margin requirement ii. Enter 8% of line A.i iii. Amount of Non-Customer Risk iv. Enter 8% of line A.iii Page T10 as of Net Capital required Maintenance Margin requirement 7415 7435 v. Add lines A.ii and A.iv. 7425 7445 7455 A. Risk-Based Requirement Note: Note:If the Minimum Net Capital Requirement computed on Line D (7490) is: Enter the greatest of lines A, B or C D. Minimum CFTC Net Capital Requirement. 7490 CFTC Early Warning Level 7495 7465B. Minimum Dollar Amount Requirement 7475C. Other NFA Requirement (1) Risk Based Requirement, enter 110% of Line A (7455), or (2) Minimum Dollar Requirement of $1,000,000 enter 150% of Line B (7465), or (3) Minimum Dollar Requirement of $20,000,000 for FCMs offering or engaging in retail forex transactions or Retail Foreign Exchange Dealers (“RFED”), enter 110% of Line B (7465), or (4) Other NFA Requirement of $20,000,000 plus five percent of the FCM’s offering or engaging in retail forex transactions or Retail Foreign Exchange Dealers (“RFED”) total retail forex obligations in excess of $10,000,000 enter 110% of Line C (7475), or (5) Other NFA Requirement, enter 150% of Line C (7475). If amount on Line D (7490) is greater than minimum net capital requirement computed on Line 3760 (Page 6) then enter this greater amount on Line 3760. The greater of the amount required by SEC or CFTC is the minimum net capital requirement. 2019-04-22 03:25PM EDT Status: Accepted VINING SPARKS 03/31/19 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of Name of Lender or Contributor 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. TOTAL Page 11 Expect to Renew (Yes or No) 4615 4625 4635 4645 4655 4665 4675 4685 4695 4614 4624 4634 4644 4654 4664 4674 4684 4694 4604 4605 * To agree with the total on Recap (Item No. 4880) (MMDDYY) Withdrawal or Maturity Date 4603 4613 4623 4633 4643 4653 4663 4673 4683 4693 4699* OMIT PENNIES $ Amount to be with- drawn (cash amount and/or Net Capital Value of Securities) 4602 4612 4622 4632 4642 4652 4662 4672 4682 4692 Insider or Outsider ? (In or Out) 4601 4611 4621 4631 4641 4651 4661 4671 4681 4691 Instructions:Detail listing must include the total of items maturing during the six month period following 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 than six months. 4600 4610 4620 4630 4640 4650 4660 4670 4680 4690 Type of Proposed withdrawal or Accrual (See below for code to enter) report date, regardless of whether or not the capital contribution is expected to be renewed. The 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 WITHDRAWAL CODE: 15c3-1(c) (2) (iv) Liabilities Accruals Subordinated Liabilities Equity Capital1 2. 3. 4. DESCRIPTION 2019-04-22 03:25PM EDT Status: Accepted VINING SPARKS 92,808,462 314,738 93,123,200 03/31/19 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT Capital Withdrawals PART II BROKER OR DEALER as of RECAP 1. Equity Capital A. Partnership Capital: B. Corporation Capital: 3. Retained Earnings (Dividends and Other)4760 2. Subordinated Liabilities 3. Other Anticipated Withdrawals 4. Description of Other (SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION) STATEMENT OF CHANGES IN OWNERSHIP EQUITY STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS OMIT PENNIES Page 12 Ownership Equity and Subordinated Liabilities maturing or proposed to be withdrawn within the next six months and accruals, which have not been deducted in the computation of Net Capital. 4700........................................1. General Partners 47102. Limited 47203. Undistributed Profits ...................................... 4. Other (describe below)4730.................................... 5. Sole Proprietorship 4735...................................... 1. Common Stock 4740......................................... 2. Preferred Stock 4750......................................... 4. Other (describe below)4770.................................... A. Secured Demand Notes 4780................................... B. Cash Subordinations 4790...................................... C. Debentures 4800............................................. D. Other (describe below)4810..................................... A. Bonuses 4820............................................... B. Voluntary Contributions to Pension or Profit Sharing Plans 4860............. C. Other (describe below)4870..................................... Total ..................................................................4880 1. Balance, beginning of period 4240 A. Net income (loss)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)4290................................................. 3. Balance, beginning of period 4300 A. Increases 4310 B. Decreases )4320( 4. Balance, end of period (From item 3520)4330 ......................................................... .............................................................. ......................................................... ................................................................... ................................................................... ................................................. $ $ $ $ $ $ $ $ ............................................... ....................... 2019-04-22 03:25PM EDT Status: Accepted VINING SPARKS 190 6,448 64 03/31/19 X 104 294 1,898,088 2,847,990 5,252,359 5,252,359 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of FINANCIAL AND OPERATIONAL DATA 1. Month end total number of stock record breaks unresolved over three business days.Valuation Number A. breaks long 4890 4900 B. breaks short 4910 4920 2. Is the firm in compliance with Rule 17a-13 regarding periodic count and verification of securities positions and locations at least once in each calendar quarter ? (Check one) A) If response is negative attach explanation of steps being taken to comply with Rule 17a-13. 3. Personnel employed at end of reporting period: A. Income producing personnel 4950 B. Non-income producing personnel (all other)4960 C. Total 4970 4. Actual number of tickets executed during current month of reporting period 4980 5. Number of corrected customer confirmations mailed after settlement date 4990 No. of Items Debit (Short Value)No. of Items Credit (Long Value) 5030 7. Security suspense accounts 5070 8. Security difference accounts 5110 9. Commodity suspense accounts 5150 10. Open transactions with correspondents, 11. Bank account reconciliations-unresolved 5190 5230 12. Open transfers over 40 calendar days, 13. Transactions in reorganization accounts- 5310 No. of Items Ledger Amount Market Value 15. Failed to deliver 5 business days or longer (21 business 5362 16. Failed to receive 5 business days or longer (21 business 5365 17. Security concentrations (See instructions in Part I): 23. Aggregate lease and rental commitments payable for entire term of the lease OMIT PENNIES Page 13 Yes 4930 No 4940 other brokers, clearing organizations, depositories and interoffice and intercompany accounts which could result in a charge-unresolved amounts over 30 calendar days amounts over 30 calendar days over 60 calendar days days or longer in the case of Municipal Securities) days or longer in the case of Municipal Securities) $ $ ............................................... .............................................. ........................................ ............................................................ .................................................. ............................................................................ .............................. ............................... ......... ......... 5040 5080 5120 5160 5200 5280 $ $ $ $ $ $ 5000 $6. Money differences $5010 5050 5090 5130 5170 5210 5020 5060 5100 5140 5180 5220 5300 $ $ $ $ $ $5290 53615360 5363 $ $$ ....... ...... ................ not confirmed 5240 $5250 5260 $5270 ...... ................... ............. 14. Total .........................$5330 5340 $53505320 ........ ........5364 A. Proprietary positions ..................................................................$5370 B. Customers' accounts under Rule 15c3-3 ....................................................$5374 18. Total of personal capital borrowings due within six months ........................................$5378 19. Maximum haircuts on underwriting commitments during the period ....................................$5380 20. Planned capital expenditures for business expansion during next six months .............................$5382 21. Liabilities of other individuals or organizations guaranteed by respondent ...............................$5384 22. Lease and rentals payable within one year ....................................................$5386 A. Gross ............................................................................$5388 B. Net .............................................................................$5390 2019-04-22 03:25PM EDT Status: Accepted VINING SPARKS X X 2 138 5,009 03/31/19 ......................... PART I (OR PART II) 1. Money suspense and balancing differences 2. Security suspense and differences with related 3. Market value of short and long security sus- 4. Market value of security record breaks 5. Unresolved reconciling differences with others: 6. Commodity Differences 7. Open transfers and reorganization account 9. Lines 1.-6. resolved subsequent to report Other Operational Data (Items 1., 2. and 3. below require an answer) Page Op 2 5610 5810 money balances 5620 5820 5625 5825 pense and differences without related money (other than reported in line 4., below)5630 5830 5640 5840 A. Correspondents and Broker/Dealers 5650 5850 5655 5855 B. Depositories 5660 5860 C. Clearing Organizations 5675 5875 5680 5880 E. Bank Accounts and Loans 5690 5890 F. Other 5700 5900 G. (Offsetting) Items A. through F.5720 )5920 TOTAL Line 5 5730 5930 5740 5940 items over 40 days not confirmed or date 5775 5975 ........................................................... has not been done in all respects, answer No. ($000 omitted) in accordance with the specific instructions; If No answer -0- for: 5604 5605 days for lines 5.A. through D. and 65 days for lines 5.E. and F. prior to the report date and have all reconciling difference Item 1. Have the accounts enumerated on line 5.A. through F. above been reconciled with statements received from others within 35 Item 2. Do the respondent's books reflect a concentrated position (See Instruction) in commodities? If yes report the totals Item 3. Does respondent have any planned operational changes? (Answer Yes or No based on specific instructions.) BROKER OR DEALER 6010 6020 6025 6030 6040 6050 6055 6060 6075 6080 6090 6100 )6120 6130 6140 6175 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 6012 6022 6027 6032 6042 6052 6057 6062 6077 6082 6092 6102 6132 6142 6177 L L ...... S S L S L......................... ........... ......... ......................... .................. ................ ............................... .................... ................................ D. Inter-company Accounts ................. (( $$$ verified ...............................5760 5960 6160 6162 $$$ FINANCIAL AND OPERATIONAL DATA Operational Deductions From Capital (Note A) Deductions No. of Debits Credits In Computing Items (Short Value)(Long Value)Net Capital 8. TOTAL (Line 1.-7.)........................5770 $5970 $6170 $6172 been appropriately comprehended in the computation of net capital at the report date? If this Yes 5600 No 5601 B. Customers' and Non-Customers' and Other Accounts 5603 A. Firm Trading and Investment Accounts 5602 Yes No A. B. NOTE A -This section must be completed as follows: b. the total deduction, line 8. column IV, for the current month exceeds the total deductions for the prior month by 5670 5870 6070 6072 (Omit 000's)(Omit 000's)(Omit Pennies) --to receive .................5785 $5985 $6185 $6187 10. Aged Fails --to deliver ..................5780 $5980 $6180 $6182 as of I II III IV 1. All member organizations must complete column IV, lines 1. through 8. and 10., reporting deductions from capital 2. a. Columns I, II and III of lines 1. through 8. and 10. must be completed when a Part II filing is required. 3. A response to line 9., cols. I through IV and the "Potential Operational Charges Not Deducted From Capital" schedule 4. All columns and line items (1. through 10.) must be answered if required. If respondent has nothing to report enter -0-. as of the report date whether resolved subsequently or not (see instructions relative to each line item). b. Columns I, II and III of lines 1. through 8. must be completed with a Part I filing, only if the total deduction on line 8 column IV equals or exceeds 25% of excess net capital as of the prior month end reporting date. All columns of line 10. require completion. on p. 3 are required only if: a. the parameters cited in 2.b. above exist, and 50% or more. 2019-04-22 03:25PM EDT Status: Accepted 03/31/19VINING SPARKS BROKER OR DEALER 1. Money suspense and balancing differences 2. Security suspense and differences with related 3. Market value of short and long security sus- 4. Market value of security record breaks 5. Unresolved reconciling differences with others: 6. Commodity Differences a. the total deductions on line 8., column IV, of the "Operational Deductions From Capital" schedule equal or b. the total deduction on line 8., column IV, for the current month exceeds the total deductions 2. Include only suspense and difference items open at the report date which were NOT required to be deducted in the computation of net capital AND which were not resolved seven (7) business days subsequent to the report date. 3. Include in column IV only additional deductions not comprehended in the computation of net capital at the report date. 4. Include on line 5. A. through F. unfavorable differences offset by favorable differences (see instructions for line 5) at the report date if resolution of the favorable items resulted in additional deductions in the computation of net capital subsequent to the report date. 5. Exclude from lines 5. A. through F. new reconciling differences disclosed as a result of reconciling with the books of account statements received subsequent to the report date. 6. Line items 1. through 5. above correspond to similar line items in the "Operational Deductions From Capital" schedule (page 2) and the same instructions should be followed except as stated in Note (B-1 through 5.) above. Page Op 3 (Omit 000's) 6210 money balances 6220 6225 pense and differences without related money (other than reported in line 4., below)6230 6240 A. Correspondents and Broker/Dealers 6250 6255 B. Depositories 6260 C. Clearing Organizations 6270 6275 D. Inter-company Accounts 6280 E. Bank Accounts and Loans 6290 F. Other 6300 G. (Offsetting) Items A. through F.6310 TOTAL (Line 5.)6330 6340 6612 6622 6627 6632 6642 6652 6657 6662 6672 6677 6682 6692 6702 6732 6742 (Omit Pennies) 6610 6620 6625 6630 6640 6650 6655 6660 6670 6675 6680 6690 6700 6710 6730 6740 (Omit 000's) )(( as of 6410 6420 6425 6430 6440 6450 6455 6460 6470 6475 6480 6490 6500 6510 6530 6540 ) L S L S L S $$$$ .......... .......... .......... ......................... ...... .......................... ................... .................. ................ ................. ............. ............................... ........................ .................... Potential Operational Charges Not Deducted From Capital (Note B) FINANCIAL AND OPERATIONAL DATA FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART I (OR PART II) Deductions Items (Short Value)(Long Value)Net Capital No. of Debits Credits In Computing 1. All line items (1. through 6.) and columns (I through IV) must be completed only if: This section must be completed as follows:NOTE B - TOTAL (Line 1.-6.)........................6370 $6570 $6770 $6772 I II III IV exceed 25% of excess net capital as of the prior month end reporting date; and for the prior month by 50% or more. If respondent has nothing to report enter -0-. 2019-04-22 03:25PM EDT Status: Accepted VINING SPARKS 8-43150 27502 X 16 17 18 19 775 RIDGE LAKE BLVD., SUITE 200 MEMPHIS TN 38120 10/01/17 26 HAROLD GLADNEY (901) 762-5309 X 40 41 42 12/31/17 FORM FOCUS REPORT X-17A-5 (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) PART II 11 (Please read instructions before preparing Form) This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a)2) Rule 17a-5(b)3) Rule 17a-11 4) Special request by designated examining authority 5) Other NAME OF BROKER-DEALER SEC. FILE NO. ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.)FIRM ID NO. FOR PERIOD BEGINNING (MM/DD/YY) (No. and Street) AND ENDING (MM/DD/YY) (City)(State)(Zip Code) NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT(Area code) - Telephone No. NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT OFFICIAL USE DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ?YES NO CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT 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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION 13 14 15 20 21 22 23 24 30 31 32 33 34 35 36 37 38 39 25 2018-01-22 03:06PM EST Status: Accepted 2,880,882 3,970,388 2,340,507 1,263,080 13,534,174 169,058,268 12/31/17 8-43150 169,058,268 348,054,238 79,443,879 6,734,553 13,525,112 534,089 2,337,322 3,185 3,970,388 2,880,882 728,991 9,062 X VINING SPARKS 2. Other B. Partly secured and unsecured accounts PART II BROKER OR DEALER N 2 as of (MM/DD/YY) SEC FILE NO. ASSETS Allowable Nonallowable Total Unconsolidated ( 200 210 220 230 240 250 260 270 290 300 310 330 335 340 350 360 370 380 390 400 ) 770 780 790 800 810 820 830 840 1. Cash 2. Cash segregated in compliance with federal and other regulations 3. Receivable from brokers or dealers and clearing organizations: A. Failed to deliver: 1. Includable in "Formula for Reserve Requirements" B. Securities borrowed: 1. Includable in "Formula for Reserve C. Omnibus accounts: 1. Includable in "Formula for Reserve D. Clearing Organizations: 1.Includable in "Formula for Reserve E. Other 4. Receivables from customers: A. Securities accounts: 1. Cash and fully secured accounts 2. Partly secured accounts 3. Unsecured Accounts B. Commodity accounts C. Allowance for doubtful accounts 5. Receivables from non-customers: 6. Securities purchased under agreements to resell 7. Securities and spot commodities owned, at market value: A. Banker's acceptances, certificates of deposit and commercial paper B. U.S. and Canadian government obligations C. State and municipal government obligations D. Corporate obligations Requirements" Requirements" 550 580 590 600 605 570 320 560 OMIT PENNIES )( Page 1 Requirements"280 ............... ........ .......................... $$ $ Consolidated A. Cash and fully secured accounts FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT STATEMENT OF FINANCIAL CONDITION ............................ .......... .................. ................... ......................... ................... ................... .......................... ............ ..... ................ ........ ....... . ........................ ........................ ........................2. Other 2. Other 2. Other ....................... ....................... 760 750 198 199 100 98 99 2018-01-22 03:06PM EST Status: Accepted 12/31/17 VINING SPARKS 230,490 517,499 1,193,383 313,517 793,477 3,466,189 626,541,916 7,252,608 330,277,449 633,794,524 4,573,183 230,490 517,499 1,193,383 434,232,670 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER STATEMENT OF FINANCIAL CONDITION ASSETS (continued) as of Allowable Page 2 Nonallowable Total I. Spot Commodities ..................430 H. Other securities ....................424 G. Arbitrage .........................422 F. Options ..........................420 E. Stocks and warrants $................410 8. Securities owned not readily marketable: A. At Cost 440 $610 9. Other investments not readily marketable: ......$140 B. At estimated fair value ...............450 620 10. Securities borrowed under subordination agree- ments and partners' individual and capital securities accounts, at market value: A. Exempted securities ....$150 B. Other .......$160 460 630 11. Secured demand notes- market value of collateral: A. Exempted securities ....$170 B. Other .......$180 470 640 12. Memberships in exchanges: A. Owned, at market value .......$190 B. Owned at cost .....................650 C. Contributed for use of company, at market value .....................660 13. Investment in and receivables from affiliates, subsidiaries and associated partnerships ...............480 670 14. Property, furniture, equipment, leasehold improvements and rights under lease agreements: At cost (net of accumulated depreciation and amortization)..........490 680 15. Other Assets: A. Dividends and interest receivable .......500 690 B. Free shipments ...................510 700 C. Loans and advances ................520 710 720 J.Total inventory - includes encumbered securities of $...... $...... 130 120 16. TOTAL ASSETS ...................$540 $740 $ $...... D. Miscellaneous ..................... E. Collateral accepted under SFAS 140 F. SPE Assets .................... 530 536 537 $ .... 860 870 880 890 900 910 920 940 OMIT PENNIES 930 850 2018-01-22 03:06PM EST Status: Accepted VINING SPARKS 12/31/17 3,241 221,383,055 3,134,444 4,600,964 15,938,056 1,447,668 186,440,714 1,769,316 6,842,478 2,162,028 611,361 89,256,684 0 PART II FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT BROKER OR DEALER as of Page 3 *Brokers or Dealers electing the alternative net capital requirement method need not complete these columns. B. Commodities accounts 21. Payable to non customers: A. Securities accounts B. Commodities accounts value - including arbitrage and expenses: A. Drafts payable B. Accounts payable C. Income taxes payable D. Deferred income taxes C. Omnibus accounts: D. Clearing organizations: B. Other B. Securities loaned: Requirements" Liabilities 2. Other .................... ........................ .. ............. ............ ................ ................... ............. ............... ......... ............. F. Other ......................... E. Accrued expenses and other liabilities of ...... of ...... E. Other ......................... 20. Payable to customers: 2. Other ........................ Requirements" 2. Other ........................ Requirements" 2. Other ........................ Requirements" Requirements" $ $ 1. Includable in "Formula for Reserve 1. Includable in "Formula for Reserve 1. Includable in "Formula for Reserve A. Securities accounts - including free credits 22. Securities sold not yet purchased at market 23. Accounts payable and accrued liabilities ................ STATEMENT OF FINANCIAL CONDITION LIABILITIES AND OWNERSHIP EQUITY 17. Bank loans payable: A. Includable in "Formula for Reserve ......................... ................... 18. Securities sold under repurchase agreements. 19. Payable to brokers or dealers and clearing organizations: A. Failed to receive: 1. Includable in "Formula for Reserve ................. ................. ................. OMIT PENNIES G. Obligation to return securities ....... H. SPE Liabilities .................. 960 950 $ *Liabilities Non-A.I. *Liabilities A.I. $1240 1250 1260 1270 1280 1290 1300 1310 1320 1330 1340 1350 1360 1370 1380 1386 1387 1050 1060 1070 1080 1090 1095 1100 1105 1110 1120 1130 1140 1150 1160 1170 1180 1190 1200 1030 1040 Total $1460 1470 1480 1490 1500 1510 1520 1530 1540 1550 1560 1570 1580 1590 1600 1610 1620 1630 1640 1650 1660 1670 1680 1686 1687 2018-01-22 03:06PM EST Status: Accepted 98,861,541 100,207,756 533,586,768 100,207,756 633,794,524 VINING SPARKS 12/31/17 general creditors: from outsiders 1. from outsiders 2. Includes equity subordination(15c3-1(d)) D. Exchange memberships contributed for E. Accounts and other borrowings not Ownership Equity 28. Partnership - limited Page 4 use of company, at market value Total OMIT PENNIES * Brokers or Dealers electing the alternative net capital requirement method need not complete these columns. FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT STATEMENT OF FINANCIAL CONDITION LIABILITIES AND OWNERSHIP EQUITY (continued) Liabilities 24. Notes and mortgages payable: 25. Liabilities subordinated to claims of 2. Includes equity subordination(15c3-1(d)) C. Pursuant to secured demand note .......... A. Unsecured ............................ B. Secured ............................. of ......... of ......... qualified for net capital purposes ........... 26. TOTAL LIABILITIES .................... 27. Sole proprietorship ............................................................. partners .............. 29. Corporation:.................................................................. .............................................................. .............................................................. ....................................................... ............................................................ ...................................................................... )(..................................................... 30. TOTAL OWNERSHIP EQUITY ..................................................... 31. TOTAL LIABILITIES AND OWNERSHIP EQUITY ....................................... A. Cash borrowings:....................... 1. from outsiders collateral agreements:................... $ $ $ $ $ $ $ $ $ $ $ $ $ A. Preferred stock B. Common stock C. Additional paid- in capital D. Retained Earnings E. Total F. Less capital stock in treasury B. Securities borrowings, at market value:...... 1690 1700 1710 1730 1740 1750 1760 1770 1780 1791 1792 1793 1794 1795 1796 1800 1810 1720 1020 PART II as of BROKER OR DEALER 0970 0980 0990 1000 1010 A.I.Non-A.I. Liabilities **Liabilities $ $ 1400 1420 1430 1440 1450 1410 1390 1210 1211 1220 1230 2018-01-22 03:06PM EST Status: Accepted VINING SPARKS 12/31/17 100,207,756 100,207,756 100,207,756 7,252,608 99,728 5 1,218,165 8,570,501 91,637,255 12,839,424 4,607,662 1,446,325 8,324 18,901,735 72,735,520 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of COMPUTATION OF NET CAPITAL .....................$ ....................................( .......................................... A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ...... B. Other (deductions) or allowable credits (List)......................................... ........................................$ A. Total non-allowable assets from Statement of Financial Condition (Notes B and C)..............$3540 1. Additional charges for customers' and non-customers' security accounts ........................3550 2. Additional charges for customers' and non-customers' commodity accounts .....................3560 B. Aged fail-to-deliver:....................................3570 1. number of items ...............3450 C. Aged short security differences-less ......................$3460 3580 number of items ................3470 D. Secured demand note deficiency ..........................3590 E. Commodity futures contracts and spot commodities - proprietary capital charges ................................3600 F. Other deductions and/or charges ..........................3610 G. Deductions for accounts carried under Rule 15c3-1(a)(6), (a)(7) and (c)(2)(x).......................3615 H. Total deductions and/or charges ..................................................( ........................................... .......................................$ pursuant to 15c3-1(f)): A. Contractual securities commitments ........................$$3660 B. Subordinated securities borrowings ........................3670 C. Trading and investment securities:......................... 1. Bankers' acceptances, certificates of deposit and commercial paper ................................3680 2. U.S. and Canadian government obligations ................3690 3. State and municipal government obligations ................3700 4. Corporate obligations .................................3710 5. Stocks and warrants ..................................3720 ...........................................3730 7. Arbitrage ..........................................3732 8. Other securities .....................................3734 D. Undue concentration ...................................3650 .........................................3736 ( ...................................................................$ OMIT PENNIES Page 5 3480 )3490 3500 3520 3525 3530 reserve of )3620 3630 3640 6. Options E. Other (List))3740 3750 1. Total ownership equity (from Statement of Financial Condition - Item 1800) 2. Deduct: Ownership equity not allowable for Net Capital 3. Total ownership equity qualified for Net Capital 4. Add: 5. Total capital and allowable subordinated liabilities 6. 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 applicable, 10. Net Capital 2018-01-22 03:06PM EST Status: Accepted 12/31/17 VINING SPARKS 270,475 250,000 0.00 537.84 537.84 72,059,333 270,475 72,465,045 as of Part B 27. Percentage of Net Capital, after anticipated capital withdrawals, to Aggregate Debits Part C NOTES: non-allowable assets. 10/85 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 23. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital 28. Net capital in excess of the greater of: OTHER RATIOS 30. Options deductions/Net Capital ratio (1000% test) total deductions exclusive of liquidating 1. Minimum dollar net capital requirement, or included in non-allowable assets. (C) For reports filed pursuant to paragraph (d) of Rule 17a-5, respondent should provide a list of material Page 6 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER brokers or dealers and consolidated subsidiaries' debits requirement of subsidiaries computed in accordance with Note(A) 24. Net capital requirement (greater of line 22 or 23) 25. Excess net capital (line 10 less 24) 26. Percentage of Net Capital to Aggregate Debits (line 10 divided by line 18 page 8) item 10 less Item 4880 page 12 divided by line 17 page 8) 5% of combined aggregate debit items or 120% of minimum net capital requirement 29. Percentage of debt to debt-equity total computed in accordance with Rule 15c3-1 (d) equity under Rule 15c3-1(a)(6), (a)(7) and (c)(2)(x) divided by Net Capital ....................................... ............................................ .................................................... ........................ ........................................ ..................... .................... ............................ COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT (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: 2. 6-2/3% of aggregate indebtedness or 2% of aggregate debits if alternate 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 memberships in exchanges contributed for use of company (contra to item 1740) and partners' securities which were $ $ $ $ $ % % % % 3870 3880 3760 3910 3851 3854 3920 3860 3852 21. Percentage of aggregate indebtedness to net capital after anticipated capital withdrawals Part A COMPUTATION OF BASIC NET CAPITAL REQUIREMENT 11. Minimal net capital required (6-2/3% of line 19) of subsidiaries computed in accordance with Note (A) 13. Net capital requirement (greater of line 11 or 12) 14. Excess net capital (line 10 less 13) 15. Net capital less greater of 10% of line 19 or 120% of line 12 COMPUTATION OF AGGREGATE INDEBTEDNESS 16. Total A.I. liabilities from Statement of Financial Condition 17. Add: A. Drafts for immediate credit B. Market value of securities borrowed for which no equivalent value is paid or credited C. Other unrecorded amounts (List) 18. Deduct: Adjustment based on deposits in Special Reserve Bank Accounts(15c3-1(c)(1)(vii)) 19. Total aggregate indebtedness 20. Percentage of aggregate indebtedness to net capital (line 19 divided by line 10) (line 19 divided by line 10 less item 4880 page 12) ..................................................... ............................................... ......................................... ............................................ ....................................... ....................................... ............... ....................................................... ....................... ............................................ 12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement $ $ $ $ $ $ $ $ $ % % $ $ $ ................................. ........................... ............................ 3756 3790 3838 3853 3800 3810 3820 3830 3840 3850 3780 3770 3758 3760 2018-01-22 03:06PM EST Status: Accepted 324,211 (95,800) (95,800) 633,511 5,158,618 235,508 235,508 587,606 VINING SPARKS 16,662,742 1,783,993 18,446,735 273,007 209,604 1,253,087 20,720,144 178,261 8,851,946 1,921,439 1,260,504 1,229,308 602,794 507,883 20,484,636 291,485 158,187 10/01/17 12/31/17 3 ............................................................ ........................... ........................ Page 7 4135 MONTHLY INCOME EXPENSES 18. Clearance paid to non-brokers (see definition) 19. Communications 22. Interest expense 24. Data processing costs (including service bureau service charges) 25. Non-recurring charges 26. Regulatory fees and expenses 27. Other expenses NET INCOME 33. Cumulative effect of changes in accounting principles 4225 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II REVENUE STATEMENT OF INCOME (LOSS) 1. Commissions: 2. Gains or losses on firm securities trading accounts 3. Gains or losses on firm securities investment accounts 9. Commodities revenue $ 3937 c. Commissions on listed option transactions d. All other securities commissions e. Total securities commissions a. From market making in over-the-counter equity securities 3941 ...................... ............... .................................................. ........................................................ ........................................................... ....................................... .................................................................. ................................................ .................................................................... .................................................................... .................................. ................................................................ .......................................................... .................................................................... a. Commissions on transactions in listed equity securities executed on an exchange b. Commissions on transactions in exchange listed equity securities executed over-the-counter 1. Includes gains or (losses) OTC market making in exchange listed equity securities 3943 b. From trading in debt securities ......................................................... c. From market making in options on a national securities exchange ..................................3945 d. From all other trading ................................................................ e. Total gains or (losses)............................................................... a. Includes realized gains (losses)....................................4235 b. Includes unrealized gains (losses)..................................4236 c. Total realized and unrealized gains (losses)................................................3952 4. Profits or losses from underwriting and selling groups ...........................................3955 a. Includes underwriting income from corporate equity securities ...............4237 5. Margin interest ...................................................................... 6. Revenue from sale of investment company shares .............................................. 7. Fees for account supervision, investment advisory and administrative services .......................... 10. Other revenue related to securities business ................................................. 8. Revenue from research services .......................................................... ...................................................$ 11. Other revenue ...................................................................... 12. Total revenue ......................................................................$ ...............................................4040 .................. .......4130 .......................................... .................................4145 13. Registered representatives' compensation 14. Clerical and administrative employees' expenses 15. Salaries and other employment costs for general partners and voting stockholder officers a. Includes interest credited to General and Limited Partners capital accounts 16. Floor brokerage paid to certain brokers (see definition) 17. Commissions and clearance paid to all other brokers (see definition) 20. Occupancy and equipment costs ......................................................... 21. Promotional costs ................................................................... a. Includes interest on accounts subject to subordination agreements ............4070 23. Losses in error account and bad debts ..................................................... 28. Total expenses ..................................................................... 29. Income (loss) before Federal income taxes and items below (Item 12 less Item 28)4210 30. Provision for Federal Income taxes (for parent only)............................................4220 31. Equity in earnings (losses) of unconsolidated subsidiaries not included above 4222 a. After Federal income taxes of ......................................4238 32. Extraordinary gains (losses)4224 ........................................... a. After Federal income taxes of ......................................4239 34. Net income (loss) after Federal Income taxes and extraordinary Items ................................$4230 35. Income (current month only) before provision for Federal income taxes and extraordinary items ..............$4211 $ $ BROKER OR DEALER For the period (MMDDYY) from 3932 to 3933 Number of months included in this statement 3931 3935 3938 3944 3949 3950 3960 3990 3980 3975 3970 3985 3995 4030 4120 4110 4055 4060 4080 4075 4150 4100 4200 4186 4170 4190 4195 3939 3940 2018-01-22 03:06PM EST Status: Accepted 12/31/17 VINING SPARKS 1,880,894 3,134,444 10,644,053 15,659,391 13,520,559 3,185 13,523,744 405,712 13,118,032 0 2,541,359 3,970,388 3,970,388 X FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of FORMULA FOR DETERMINATION OF CUSTOMER ACCOUNT RESERVE REQUIREMENTS OF BROKERS AND DEALERS UNDER RULE 15c3-3 (See Rule 15c3-3, Exhibit A and Related Notes) CREDIT BALANCES 1. Free credit balances and other credit balances in customers' security accounts (See Note A)$4340 2. Monies borrowed collateralized by securities carried for the accounts of customers (See Note B)4350 3. Monies payable against customers' securities loaned (See Note C)4360 4. Customers' securities failed to receive (See Note D)4370 5. Credit balances in firm accounts which are attributable to principal sales to customers 4380 6. Market value of stock dividends, stock splits and similar distributions receivable outstanding over 30 calendar days 4390 7. ** Market value of short security count differences over 30 calendar days old 4400 8. ** Market value of short securities and credits (not to be offset by longs or by debits) in all suspense accounts over 30 calendar days 4410 9. Market value of securities which are in transfer in excess of 40 calendar days and have not been confirmed to be in transfer by the transfer agent or the issuer during the 40 days 4420 10. Other (List)4425 11. TOTAL CREDITS $4430 DEBIT BALANCES 12. ** Debit balances in customers' cash and margin accounts excluding unsecured accounts and accounts doubtful of collection (See Note E)$4440 13. Securities borrowed to effectuate short sales by customers and securities borrowed to make delivery on customers' securities failed to deliver 4450 14. Failed to deliver of customers' securities not older than 30 calendar days 4460 15. Margin required and on deposit with the Options Clearing Corporation for all option contracts written or purchased in customer accounts (See Note F)4465 16. Margin required and on deposit with a clearing agency registered with the Commission under section 17A of the Act (15 U.S.C. 78q-1) or a derivatives clearing organization registered with the Commodity Futures Trading Commission under section 5b of the Commodity Exchange Act (7 U.S.C. 7a-1) related to the following types of positions written, purchased or sold in customer accounts: (1) security futures products and (2) futures contracts (and options thereon) carried in a securities account pursuant to an SRO portfolio mar- gining rule (See Note G)4467 17. Other (List)4469 18. ** Aggregate debit items $4470 19. ** Less 3% (for alternative method only - see Rule 15c3-1(a)(1)(ii))()4471 20. ** TOTAL 15c3-3 DEBITS 4472 RESERVE COMPUTATION 21. Excess of total debits over total credits (line 20 less line 11)$4480 22. Excess of total credits over total debits (line 11 less line 20)4490 23. If computation is made monthly as permitted, enter 105% of excess of total credits over total debits 4500 24. Amount held on deposit in "Reserve Bank Account(s)", including $4505 value of qualified securities, at end of reporting period 4510 25. Amount of deposit (or withdrawal) including $4515 value of qualified securities 4520 26. New amount in Reserve Bank Account(s) after adding deposit or subtracting withdrawal including $4525 value of qualified securities $4530 27. Date of deposit (MMDDYY)4540 FREQUENCY OF COMPUTATION OMIT PENNIES 28. Daily 4332 Weekly 4333 Monthly 4334 ** In the event the Net Capital Requirement is computed under the alternative method, this "Reserve Formula" shall be prepared in accordance with the requirements of paragraph (a)(1)(ii) of Rule 15c3-1. Page 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2018-01-22 03:06PM EST Status: Accepted 12/31/17 VINING SPARKS 0 0 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of FORMULA FOR DETERMINATION OF PAB ACCOUNT RESERVE REQUIREMENTS OF BROKERS AND DEALERS UNDER RULE 15c3-3 (See Rule 15c3-3, Exhibit A and Related Notes*) CREDIT BALANCES 1. Free credit balances and other credit balances in PAB security accounts (See Note A)$2110 2. Monies borrowed collateralized by securities carried for the accounts of PAB (See Note B)2120 3. Monies payable against PAB securities loaned (See Note C)2130 4. PAB securities failed to receive (See Note D)2140 5. Credit balances in firm accounts which are attributable to principal sales to PAB 2150 6. Market value of stock dividends, stock splits and similar distributions receivable outstanding over 30 calendar days 2152 7. ** Market value of short security count differences over 30 calendar days old 2154 8. ** Market value of short securities and credits (not to be offset by longs or by debits) in all suspense accounts over 30 calendar days 2156 9. Market value of securities which are in transfer in excess of 40 calendar days and have not been confirmed to be in transfer by the transfer agent or the issuer during the 40 days 2158 10. Other (List)2160 11. TOTAL PAB CREDITS $2170 DEBIT BALANCES 12. Debit balances in PAB cash and margin accounts excluding unsecured accounts and accounts doubtful of collection (See Note E)$2180 13. Securities borrowed to effectuate short sales by PAB and securities borrowed to make delivery on PAB securities failed to deliver 2190 14. Failed to deliver of PAB securities not older than 30 calendar days 2200 15. Margin required and on deposit with the Options Clearing Corporation for all option contracts written or purchased in PAB accounts (See Note F)2210 16. Margin required and on deposit with a clearing agency registered with the Commission under section 17A of the Act (15 U.S.C. 78q-1) or a derivatives clearing organization registered with the Commodity Futures Trading Commission under section 5b of the Commodity Exchange Act (7 U.S.C. 7a-1) related to the following types of positions written, purchased or sold in PAB accounts: (1) security futures products and (2) futures contracts (and options thereon) carried in a securities account pursuant to an SRO portfolio margining rule (See Note G)2215 17. Other (List)2220 18. TOTAL PAB DEBITS $2230 RESERVE COMPUTATION 19. Excess of total PAB debits over total PAB credits (line 18 less line 11)$2240 20. Excess of total PAB credits over total PAB debits (line 11 less line 18)2250 21. Excess debits in customer reserve formula computation 2260 22. PAB Reserve Requirement (line 20 less line 21)2270 23. Amount held on deposit in "Reserve Bank Account(s)", including $2275 value of qualified securities, at end of reporting period 2280 24. Amount of deposit (or withdrawal) including $2285 value of qualified securities 2290 25. New amount in Reserve Bank Account(s) after adding deposit or subtracting withdrawal including $2295 value of qualified securities $2300 26. Date of deposit (MMDDYY)2310 FREQUENCY OF COMPUTATION OMIT PENNIES 27.Daily 2315 Weekly 2320 Monthly 2330 * See Notes regarding the PAB Reserve Bank Account Computation (Notes 1 through 10). ** In the event the Net Capital Requirement is computed under the alternative method, this "Reserve Formula" shall be prepared in accordance with the requirements of paragraph (a)(1)(ii) of Rule 15c3-1. Page 8A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2018-01-22 03:06PM EST Status: Accepted VINING SPARKS 12/31/17 X FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS FOR BROKER-DEALERS UNDER RULE 15c3-3 (continued) EXEMPTIVE PROVISIONS 26. If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based: C. (k) (2)(ii)-All customer transactions cleared through another broker-dealer on a fully disclosed basis. Information for Possession or Control Requirements Under Rule 15c3-3 State the market valuation and the number of items of: 1. Customers' fully paid securities and excess margin securities not in the respondent's possession or control as of the report date (for which instructions to reduce to possession or control had been issued as of the report date) but for which the required action was not taken by respondent within the time frames specified under Rule 15c3-3. Notes A and B B. (k) (2)(i)-"Special Account for the Exclusive Benefit of customers" maintained A. (k) (1)-Limited business (mutual funds and/or variable annuities only)...................... A. Number of items ......................... 2. Customers' fully paid securities and excess margin securities for which instructions to reduce to possession or control had not been issued as of the report date, excluding items arising from "temporary lags which result from normal business operations" as permitted under Rule 15c3-3. Notes B,C and D 3. The system and procedures utilized in complying with the requirement to maintain physical possession or control of customers' fully paid and excess margin securities have been tested and are functioning in a manner adequate to fulfill the requirements of Rule 15c3-3 4584 NOTES Page 9 OMIT PENNIES No 4585 A. Number of items 4550 4560 4586 4587 4588 4589 $ $ $ Yes... ................. ......................... ................................................................ .................................................... .............................................................. Name(s) of Clearing Firm(s) - Please separate multiple names with a semi-colon 4335 4570 D. (k) (3)-Exempted by order of the Commission .........................................4580 possession or control but for which no action was required by the respondent as of the report date or required action was taken by respondent within the time frames specified under Rule 15c3-3. subsequently reduced to possession or control by the respondent. operations" as permitted under Rule 15c3-3. annual audit of financial statements, whether or not such date is the end of a calendar quarter. The response to item two should be filed within 60 calendar days after such date, rather than with the remainder of this report. This information may be required on a more frequent basis by the Commission or the designated examining authority in accordance with Rule 17a-5(a)(2)(iv). A--Do not include in item one customers' fully paid and excess margin securities required by Rule 15c 3-3 to be in B--State separately in response to items one and two whether the securities reported in response thereto were C--Be sure to include in item two only items not arising from "temporary lags which result from normal business D--Item two must be responded to only with report which is filed as of the date selected for the broker's or dealer's 2018-01-22 03:06PM EST Status: Accepted VINING SPARKS 12/31/17 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II STATEMENT OF SEGREGATION REQUIREMENTS AND FUNDS IN SEGREGATION FOR CUSTOMERS TRADING ON U.S. COMMODITY EXCHANGES SEGREGATION REQUIREMENTS (Section 4d(2) of the CEAct) 1. Net ledger balance A. Cash B. Securities (at market) 2. Net unrealized profit (loss) in open futures contracts traded on a contract market 3. Exchange traded options A. Add market value of open option contracts purchased on a contract market B. Deduct market value of open option contracts granted (sold) on a contract market 4. Net equity (deficit) (add lines 1, 2, and 3) 5. Accounts liquidating to a deficit and accounts with debit balances - gross amount 7045 Less: amount offset by customer owned securities ()7047 6. Amount required to be segregated (add lines 4 and 5) FUNDS IN SEGREGATED ACCOUNTS 7. Deposited in segregated funds bank accounts A. Cash B. Securities representing investments of customers' funds (at market) C. Securities held for particular customers or option customers in lieu of cash (at market) 8. Margins on deposit with derivatives clearing organizations of contract markets A. Cash B. Securities representing investments of customers' funds (at market) C. Securities held for particular customers or option customers in lieu of cash (at market) 9. Net settlement from (to) derivatives clearing organizations of contract markets 10. Exchange traded options A. Value of open long option contracts B. Value of open short option contracts 11. Net equities with other FCMs A. Net liquidating equity B. Securities representing investments of customers' funds (at market) C. Securities held for particular customers or option customers in lieu of cash (at market) 12. Segregated funds on hand (describe:) 13. Total amount in segregation (add lines 7 through 12) 14. Excess (deficiency) funds in segregation (subtract line 6 from line 13) () () $ $ $ $ Page T10-1 7010 7020 7030 7032 7033 7040 7050 7060 7070 7080 7090 7100 7110 7120 7130 7132 7133 7140 7160 7170 7150 7180 7190 BROKER OR DEALER as of 15. Management Target Amount for Excess funds in segregation $7194 16. Excess (deficiency) funds in segregation over (under) Management Target Amount Excess $7198 2018-01-22 03:06PM EST Status: Accepted VINING SPARKS 12/31/17 Page T10-2 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER STATEMENT OF SEGREGATION REQUIREMENTS AND FUNDS IN SEGREGATION FOR CUSTOMERS' DEALER OPTIONS ACCOUNTS 1. Amount required to be segregated in accordance with Commission regulation 32.6 7200 2. Funds in segregated accounts A. Cash 7210 B. Securities (at market)7220 C. Total 7230 3. Excess (deficiency) funds in segregation (subtract line 2.C from line 1)7240 $ $ $ as of 2018-01-22 03:06PM EST Status: Accepted VINING SPARKS 12/31/17 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of STATEMENT OF SECURED AMOUNTS AND FUNDS HELD IN SEPARATE ACCOUNTS PURSUANT TO COMMISSION REGULATION 30.7 FOREIGN FUTURES AND FOREIGN OPTIONS SECURED AMOUNTS $7305 1. Net ledger balance - Foreign Futures and Foreign Option Trading - All Customers A. Cash $7315 B. Securities (at market)7317 2. Net unrealized profit (loss) in open futures contracts traded on a foreign board of trade 7325 3. Exchange traded options A. Market value of open option contracts purchased on a foreign board of trade 7335 B. Market value of open contracts granted (sold) on a foreign board of trade 7337 4. Net equity (deficit) (add lines 1. 2. and 3.)$7345 5. Accounts liquidating to a deficit and accounts with debit balances - gross amount $7351 Less: amount offset by customer owned securities ()7352 7354 6. Amount required to be set aside as the secured amount - Net Liquidating Equity Method (add lines 4 and 5)$7355 7. Greater of amount required to be set aside pursuant to foreign jurisdiction (above) or line 6.$7360 Page T10-3 Amount required to be set aside pursuant to law, rule or regulation of a foreign government or a rule of a self-regulatory organization authorized thereunder 2018-01-22 03:06PM EST Status: Accepted VINING SPARKS 12/31/17 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER STATEMENT OF SECURED AMOUNTS AND FUNDS HELD IN SEPARATE ACCOUNTS PURSUANT TO COMMISSION REGULATION 30.7 FUNDS DEPOSITED IN SEPARATE REGULATION 30.7 ACCOUNTS 1. Cash in banks A. Banks located in the United States 7500 B. Other banks qualified under Regulation 30.7 Name(s):7510 7520 7530 2. Securities A. In safekeeping with banks located in the United States 7540 B. In safekeeping with other banks qualified under Regulation 30.7 Name(s):7550 7560 7570 3. Equities with registered futures commission merchants A. Cash 7580 B. Securities 7590 C. Unrealized gain (loss) on open futures contracts 7600 D. Value of long option contracts 7610 E. Value of short option contracts ()7615 7620 4. Amounts held by clearing organizations of foreign boards of trade Name(s):7630 A. Cash 7640 B. Securities 7650 C. Amount due to (from) clearing organizations - daily variation 7660 D. Value of long option contracts 7670 E. Value of short option contracts 7675 7680 5. Amounts held by members of foreign boards of trade Name(s):7690 A. Cash 7700 B. Securities 7710 C. Unrealized gain (loss) on open futures contracts 7720 D. Value of long option contracts 7730 E. Value of short option contracts 7735 7740 6. Amounts with other depositories designated by a foreign board of trade Name(s):7750 7760 7. Segregated funds on hand (describe:7765 8. Total funds in separate section 30.7 accounts 7770 ( ( ) ) $ $ $ $ $ $ ) $ as of 9. Excess (deficiency) set Aside Funds for Secured Amount (subtract Line 7 Secured Statement page T10-3 from Line 8)$7380 10. Management Target Amount for Excess funds in separate section 30.7 accounts $7780 11. Excess (deficiency) funds in separate 30.7 accounts over (under) Management Target $7785 Page T10-4 2018-01-22 03:06PM EST Status: Accepted VINING SPARKS 12/31/17 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of STATEMENT OF CLEARED SWAPS CUSTOMER SEGREGATION REQUIREMENTS AND FUNDS IN CLEARED SWAPS CUSTOMER ACCOUNTS UNDER 4D(F) OF THE CEA Cleared Swaps Customer Requirements 1. Net ledger balance A. Cash $8500 B. Securities (at market)8510 2. Net unrealized profit (loss) in open cleared swaps 8520 3. Cleared swaps options A. Market value of open cleared swaps option contracts purchased 8530 B. Market value of open cleared swaps option contracts granted (sold)()8540 4. Net equity (deficit) (add lines 1, 2, and 3)$8550 5. Accounts liquidating to a deficit and accounts with debit balances - gross amount $8560 Less: amount offset by customer owned securities ()8570 8580 6. Amount required to be segregated for cleared swaps customers (add lines 4 and 5)$8590 Funds in Cleared Swaps Customer Segregated Accounts 7. Deposited in cleared swaps customer segregated accounts at banks A. Cash $8600 B. Securities representing investments of cleared swaps customers' funds (at market)8610 C. Securities held for particular cleared swaps customers in lieu of cash (at market)8620 8. Margins on deposit with derivatives clearing organizations in cleared swaps customer segregated accounts A. Cash 8630 B. Securities representing investments of cleared swaps customers' funds (at market)8640 C. Securities held for particular cleared swaps customers in lieu of cash (at market)8650 9. Net settlement from (to) derivatives clearing organizations 8660 10. Cleared swaps options A. Value of open cleared swaps long option contracts 8670 B. Value of open cleared swaps short option contracts ()8680 11. Net equities with other FCMs A. Net liquidating equity 8690 B. Securities representing investments of cleared swaps customers' funds (at market)8700 C. Securities held for particular cleared swaps customers in lieu of cash (at market)8710 12. Cleared swaps customer funds on hand (describe: _____________________________________ )8715 13. Total amount in cleared swaps customer segregation (add lines 7 through 12)$8720 14. Excess (deficiency) funds in cleared swaps customer segregation (subtract line 6 from line 13)$8730 15. Management Target Amount for Excess funds in cleared swaps segregated accounts $8760 16. Excess (deficiency) funds in cleared swaps customer segregated accounts over (under) Management Target Excess $8770 Page T10-5 2018-01-22 03:06PM EST Status: Accepted VINING SPARKS 12/31/17 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER COMPUTATION OF CFTC MINIMUM NET CAPITAL REQUIREMENT i. Amount of Customer Risk Maintenance Margin requirement ii. Enter 8% of line A.i iii. Amount of Non-Customer Risk iv. Enter 8% of line A.iii Page T10 as of Net Capital required Maintenance Margin requirement 7415 7435 v. Add lines A.ii and A.iv. 7425 7445 7455 A. Risk-Based Requirement Note: Note:If the Minimum Net Capital Requirement computed on Line D (7490) is: Enter the greatest of lines A, B or C D. Minimum CFTC Net Capital Requirement. 7490 CFTC Early Warning Level 7495 7465B. Minimum Dollar Amount Requirement 7475C. Other NFA Requirement (1) Risk Based Requirement, enter 110% of Line A (7455), or (2) Minimum Dollar Requirement of $1,000,000 enter 150% of Line B (7465), or (3) Minimum Dollar Requirement of $20,000,000 for FCMs offering or engaging in retail forex transactions or Retail Foreign Exchange Dealers (“RFED”), enter 110% of Line B (7465), or (4) Other NFA Requirement of $20,000,000 plus five percent of the FCM’s offering or engaging in retail forex transactions or Retail Foreign Exchange Dealers (“RFED”) total retail forex obligations in excess of $10,000,000 enter 110% of Line C (7475), or (5) Other NFA Requirement, enter 150% of Line C (7475). If amount on Line D (7490) is greater than minimum net capital requirement computed on Line 3760 (Page 6) then enter this greater amount on Line 3760. The greater of the amount required by SEC or CFTC is the minimum net capital requirement. 2018-01-22 03:06PM EST Status: Accepted VINING SPARKS 12/31/17 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of Name of Lender or Contributor 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. TOTAL Page 11 Expect to Renew (Yes or No) 4615 4625 4635 4645 4655 4665 4675 4685 4695 4614 4624 4634 4644 4654 4664 4674 4684 4694 4604 4605 * To agree with the total on Recap (Item No. 4880) (MMDDYY) Withdrawal or Maturity Date 4603 4613 4623 4633 4643 4653 4663 4673 4683 4693 4699* OMIT PENNIES $ Amount to be with- drawn (cash amount and/or Net Capital Value of Securities) 4602 4612 4622 4632 4642 4652 4662 4672 4682 4692 Insider or Outsider ? (In or Out) 4601 4611 4621 4631 4641 4651 4661 4671 4681 4691 Instructions:Detail listing must include the total of items maturing during the six month period following 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 than six months. 4600 4610 4620 4630 4640 4650 4660 4670 4680 4690 Type of Proposed withdrawal or Accrual (See below for code to enter) report date, regardless of whether or not the capital contribution is expected to be renewed. The 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 WITHDRAWAL CODE: 15c3-1(c) (2) (iv) Liabilities Accruals Subordinated Liabilities Equity Capital1 2. 3. 4. DESCRIPTION 2018-01-22 03:06PM EST Status: Accepted VINING SPARKS 101,279,641 235,508 1,307,393 100,207,756 12/31/17 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT Capital Withdrawals PART II BROKER OR DEALER as of RECAP 1. Equity Capital A. Partnership Capital: B. Corporation Capital: 3. Retained Earnings (Dividends and Other)4760 2. Subordinated Liabilities 3. Other Anticipated Withdrawals 4. Description of Other (SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION) STATEMENT OF CHANGES IN OWNERSHIP EQUITY STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS OMIT PENNIES Page 12 Ownership Equity and Subordinated Liabilities maturing or proposed to be withdrawn within the next six months and accruals, which have not been deducted in the computation of Net Capital. 4700........................................1. General Partners 47102. Limited 47203. Undistributed Profits ...................................... 4. Other (describe below)4730.................................... 5. Sole Proprietorship 4735...................................... 1. Common Stock 4740......................................... 2. Preferred Stock 4750......................................... 4. Other (describe below)4770.................................... A. Secured Demand Notes 4780................................... B. Cash Subordinations 4790...................................... C. Debentures 4800............................................. D. Other (describe below)4810..................................... A. Bonuses 4820............................................... B. Voluntary Contributions to Pension or Profit Sharing Plans 4860............. C. Other (describe below)4870..................................... Total ..................................................................4880 1. Balance, beginning of period 4240 A. Net income (loss)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)4290................................................. 3. Balance, beginning of period 4300 A. Increases 4310 B. Decreases )4320( 4. Balance, end of period (From item 3520)4330 ......................................................... .............................................................. ......................................................... ................................................................... ................................................................... ................................................. $ $ $ $ $ $ $ $ ............................................... ....................... 2018-01-22 03:06PM EST Status: Accepted VINING SPARKS 204 9,742 97 12/31/17 X 110 314 9,419,856 6,563,310 2,982,866 8,513,517 8,501,099 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of FINANCIAL AND OPERATIONAL DATA 1. Month end total number of stock record breaks unresolved over three business days.Valuation Number A. breaks long 4890 4900 B. breaks short 4910 4920 2. Is the firm in compliance with Rule 17a-13 regarding periodic count and verification of securities positions and locations at least once in each calendar quarter ? (Check one) A) If response is negative attach explanation of steps being taken to comply with Rule 17a-13. 3. Personnel employed at end of reporting period: A. Income producing personnel 4950 B. Non-income producing personnel (all other)4960 C. Total 4970 4. Actual number of tickets executed during current month of reporting period 4980 5. Number of corrected customer confirmations mailed after settlement date 4990 No. of Items Debit (Short Value)No. of Items Credit (Long Value) 5030 7. Security suspense accounts 5070 8. Security difference accounts 5110 9. Commodity suspense accounts 5150 10. Open transactions with correspondents, 11. Bank account reconciliations-unresolved 5190 5230 12. Open transfers over 40 calendar days, 13. Transactions in reorganization accounts- 5310 No. of Items Ledger Amount Market Value 15. Failed to deliver 5 business days or longer (21 business 5362 16. Failed to receive 5 business days or longer (21 business 5365 17. Security concentrations (See instructions in Part I): 23. Aggregate lease and rental commitments payable for entire term of the lease OMIT PENNIES Page 13 Yes 4930 No 4940 other brokers, clearing organizations, depositories and interoffice and intercompany accounts which could result in a charge-unresolved amounts over 30 calendar days amounts over 30 calendar days over 60 calendar days days or longer in the case of Municipal Securities) days or longer in the case of Municipal Securities) $ $ ............................................... .............................................. ........................................ ............................................................ .................................................. ............................................................................ .............................. ............................... ......... ......... 5040 5080 5120 5160 5200 5280 $ $ $ $ $ $ 5000 $6. Money differences $5010 5050 5090 5130 5170 5210 5020 5060 5100 5140 5180 5220 5300 $ $ $ $ $ $5290 53615360 5363 $ $$ ....... ...... ................ not confirmed 5240 $5250 5260 $5270 ...... ................... ............. 14. Total .........................$5330 5340 $53505320 ........ ........5364 A. Proprietary positions ..................................................................$5370 B. Customers' accounts under Rule 15c3-3 ....................................................$5374 18. Total of personal capital borrowings due within six months ........................................$5378 19. Maximum haircuts on underwriting commitments during the period ....................................$5380 20. Planned capital expenditures for business expansion during next six months .............................$5382 21. Liabilities of other individuals or organizations guaranteed by respondent ...............................$5384 22. Lease and rentals payable within one year ....................................................$5386 A. Gross ............................................................................$5388 B. Net .............................................................................$5390 2018-01-22 03:06PM EST Status: Accepted VINING SPARKS X X 5 1,625 99,728 12/31/17 ......................... PART I (OR PART II) 1. Money suspense and balancing differences 2. Security suspense and differences with related 3. Market value of short and long security sus- 4. Market value of security record breaks 5. Unresolved reconciling differences with others: 6. Commodity Differences 7. Open transfers and reorganization account 9. Lines 1.-6. resolved subsequent to report Other Operational Data (Items 1., 2. and 3. below require an answer) Page Op 2 5610 5810 money balances 5620 5820 5625 5825 pense and differences without related money (other than reported in line 4., below)5630 5830 5640 5840 A. Correspondents and Broker/Dealers 5650 5850 5655 5855 B. Depositories 5660 5860 C. Clearing Organizations 5675 5875 5680 5880 E. Bank Accounts and Loans 5690 5890 F. Other 5700 5900 G. (Offsetting) Items A. through F.5720 )5920 TOTAL Line 5 5730 5930 5740 5940 items over 40 days not confirmed or date 5775 5975 ........................................................... has not been done in all respects, answer No. ($000 omitted) in accordance with the specific instructions; If No answer -0- for: 5604 5605 days for lines 5.A. through D. and 65 days for lines 5.E. and F. prior to the report date and have all reconciling difference Item 1. Have the accounts enumerated on line 5.A. through F. above been reconciled with statements received from others within 35 Item 2. Do the respondent's books reflect a concentrated position (See Instruction) in commodities? If yes report the totals Item 3. Does respondent have any planned operational changes? (Answer Yes or No based on specific instructions.) BROKER OR DEALER 6010 6020 6025 6030 6040 6050 6055 6060 6075 6080 6090 6100 )6120 6130 6140 6175 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 6012 6022 6027 6032 6042 6052 6057 6062 6077 6082 6092 6102 6132 6142 6177 L L ...... S S L S L......................... ........... ......... ......................... .................. ................ ............................... .................... ................................ D. Inter-company Accounts ................. (( $$$ verified ...............................5760 5960 6160 6162 $$$ FINANCIAL AND OPERATIONAL DATA Operational Deductions From Capital (Note A) Deductions No. of Debits Credits In Computing Items (Short Value)(Long Value)Net Capital 8. TOTAL (Line 1.-7.)........................5770 $5970 $6170 $6172 been appropriately comprehended in the computation of net capital at the report date? If this Yes 5600 No 5601 B. Customers' and Non-Customers' and Other Accounts 5603 A. Firm Trading and Investment Accounts 5602 Yes No A. B. NOTE A -This section must be completed as follows: b. the total deduction, line 8. column IV, for the current month exceeds the total deductions for the prior month by 5670 5870 6070 6072 (Omit 000's)(Omit 000's)(Omit Pennies) --to receive .................5785 $5985 $6185 $6187 10. Aged Fails --to deliver ..................5780 $5980 $6180 $6182 as of I II III IV 1. All member organizations must complete column IV, lines 1. through 8. and 10., reporting deductions from capital 2. a. Columns I, II and III of lines 1. through 8. and 10. must be completed when a Part II filing is required. 3. A response to line 9., cols. I through IV and the "Potential Operational Charges Not Deducted From Capital" schedule 4. All columns and line items (1. through 10.) must be answered if required. If respondent has nothing to report enter -0-. as of the report date whether resolved subsequently or not (see instructions relative to each line item). b. Columns I, II and III of lines 1. through 8. must be completed with a Part I filing, only if the total deduction on line 8 column IV equals or exceeds 25% of excess net capital as of the prior month end reporting date. All columns of line 10. require completion. on p. 3 are required only if: a. the parameters cited in 2.b. above exist, and 50% or more. 2018-01-22 03:06PM EST Status: Accepted 12/31/17VINING SPARKS BROKER OR DEALER 1. Money suspense and balancing differences 2. Security suspense and differences with related 3. Market value of short and long security sus- 4. Market value of security record breaks 5. Unresolved reconciling differences with others: 6. Commodity Differences a. the total deductions on line 8., column IV, of the "Operational Deductions From Capital" schedule equal or b. the total deduction on line 8., column IV, for the current month exceeds the total deductions 2. Include only suspense and difference items open at the report date which were NOT required to be deducted in the computation of net capital AND which were not resolved seven (7) business days subsequent to the report date. 3. Include in column IV only additional deductions not comprehended in the computation of net capital at the report date. 4. Include on line 5. A. through F. unfavorable differences offset by favorable differences (see instructions for line 5) at the report date if resolution of the favorable items resulted in additional deductions in the computation of net capital subsequent to the report date. 5. Exclude from lines 5. A. through F. new reconciling differences disclosed as a result of reconciling with the books of account statements received subsequent to the report date. 6. Line items 1. through 5. above correspond to similar line items in the "Operational Deductions From Capital" schedule (page 2) and the same instructions should be followed except as stated in Note (B-1 through 5.) above. Page Op 3 (Omit 000's) 6210 money balances 6220 6225 pense and differences without related money (other than reported in line 4., below)6230 6240 A. Correspondents and Broker/Dealers 6250 6255 B. Depositories 6260 C. Clearing Organizations 6270 6275 D. Inter-company Accounts 6280 E. Bank Accounts and Loans 6290 F. Other 6300 G. (Offsetting) Items A. through F.6310 TOTAL (Line 5.)6330 6340 6612 6622 6627 6632 6642 6652 6657 6662 6672 6677 6682 6692 6702 6732 6742 (Omit Pennies) 6610 6620 6625 6630 6640 6650 6655 6660 6670 6675 6680 6690 6700 6710 6730 6740 (Omit 000's) )(( as of 6410 6420 6425 6430 6440 6450 6455 6460 6470 6475 6480 6490 6500 6510 6530 6540 ) L S L S L S $$$$ .......... .......... .......... ......................... ...... .......................... ................... .................. ................ ................. ............. ............................... ........................ .................... Potential Operational Charges Not Deducted From Capital (Note B) FINANCIAL AND OPERATIONAL DATA FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART I (OR PART II) Deductions Items (Short Value)(Long Value)Net Capital No. of Debits Credits In Computing 1. All line items (1. through 6.) and columns (I through IV) must be completed only if: This section must be completed as follows:NOTE B - TOTAL (Line 1.-6.)........................6370 $6570 $6770 $6772 I II III IV exceed 25% of excess net capital as of the prior month end reporting date; and for the prior month by 50% or more. If respondent has nothing to report enter -0-. 2018-01-22 03:06PM EST Status: Accepted VINING SPARKS 8-43150 27502 X 16 17 18 19 775 RIDGE LAKE BLVD., SUITE 200 MEMPHIS TN 38120 10/01/18 26 HAROLD GLADNEY (901) 762-5309 X 40 41 42 12/31/18 FORM FOCUS REPORT X-17A-5 (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) PART II 11 (Please read instructions before preparing Form) This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a)2) Rule 17a-5(b)3) Rule 17a-11 4) Special request by designated examining authority 5) Other NAME OF BROKER-DEALER SEC. FILE NO. ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.)FIRM ID NO. FOR PERIOD BEGINNING (MM/DD/YY) (No. and Street) AND ENDING (MM/DD/YY) (City)(State)(Zip Code) NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT(Area code) - Telephone No. NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT OFFICIAL USE DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ?YES NO CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT 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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION 13 14 15 20 21 22 23 24 30 31 32 33 34 35 36 37 38 39 25 2019-01-23 12:28PM EST Status: Accepted 5,536,883 1,436,966 11,001,177 16,177,350 281,598 131,173,616 12/31/18 8-43150 131,173,616 292,337,865 36,776,176 8,379,079 250,068 16,177,350 11,001,177 1,436,966 5,536,883 31,530 X VINING SPARKS 2. Other B. Partly secured and unsecured accounts PART II BROKER OR DEALER N 2 as of (MM/DD/YY) SEC FILE NO. ASSETS Allowable Nonallowable Total Unconsolidated ( 200 210 220 230 240 250 260 270 290 300 310 330 335 340 350 360 370 380 390 400 ) 770 780 790 800 810 820 830 840 1. Cash 2. Cash segregated in compliance with federal and other regulations 3. Receivable from brokers or dealers and clearing organizations: A. Failed to deliver: 1. Includable in "Formula for Reserve Requirements" B. Securities borrowed: 1. Includable in "Formula for Reserve C. Omnibus accounts: 1. Includable in "Formula for Reserve D. Clearing Organizations: 1.Includable in "Formula for Reserve E. Other 4. Receivables from customers: A. Securities accounts: 1. Cash and fully secured accounts 2. Partly secured accounts 3. Unsecured Accounts B. Commodity accounts C. Allowance for doubtful accounts 5. Receivables from non-customers: 6. Securities purchased under agreements to resell 7. Securities and spot commodities owned, at market value: A. Banker's acceptances, certificates of deposit and commercial paper B. U.S. and Canadian government obligations C. State and municipal government obligations D. Corporate obligations Requirements" Requirements" 550 580 590 600 605 570 320 560 OMIT PENNIES )( Page 1 Requirements"280 ............... ........ .......................... $$ $ Consolidated A. Cash and fully secured accounts FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT STATEMENT OF FINANCIAL CONDITION ............................ .......... .................. ................... ......................... ................... ................... .......................... ............ ..... ................ ........ ....... . ........................ ........................ ........................2. Other 2. Other 2. Other ....................... ....................... 760 750 198 199 100 98 99 2019-01-23 12:28PM EST Status: Accepted 12/31/18 VINING SPARKS 244,710 604,898 1,175,647 1,064,837 480,457 2,470,953 503,069,180 6,073,032 248,599,223 509,142,212 4,016,247 244,710 604,898 1,175,647 337,493,120 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER STATEMENT OF FINANCIAL CONDITION ASSETS (continued) as of Allowable Page 2 Nonallowable Total I. Spot Commodities ..................430 H. Other securities ....................424 G. Arbitrage .........................422 F. Options ..........................420 E. Stocks and warrants $................410 8. Securities owned not readily marketable: A. At Cost 440 $610 9. Other investments not readily marketable: ......$140 B. At estimated fair value ...............450 620 10. Securities borrowed under subordination agree- ments and partners' individual and capital securities accounts, at market value: A. Exempted securities ....$150 B. Other .......$160 460 630 11. Secured demand notes- market value of collateral: A. Exempted securities ....$170 B. Other .......$180 470 640 12. Memberships in exchanges: A. Owned, at market value .......$190 B. Owned at cost .....................650 C. Contributed for use of company, at market value .....................660 13. Investment in and receivables from affiliates, subsidiaries and associated partnerships ...............480 670 14. Property, furniture, equipment, leasehold improvements and rights under lease agreements: At cost (net of accumulated depreciation and amortization)..........490 680 15. Other Assets: A. Dividends and interest receivable .......500 690 B. Free shipments ...................510 700 C. Loans and advances ................520 710 720 J.Total inventory - includes encumbered securities of $...... $...... 130 120 16. TOTAL ASSETS ...................$540 $740 $ $...... D. Miscellaneous ..................... E. Collateral accepted under SFAS 140 F. SPE Assets .................... 530 536 537 $ .... 860 870 880 890 900 910 920 940 OMIT PENNIES 930 850 2019-01-23 12:28PM EST Status: Accepted VINING SPARKS 12/31/18 426,157 242,470,291 87,332 13,142,889 24,298,213 426,157 128,613,348 266,794 4,608,399 1,768,536 562,996 88,795 0 PART II FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT BROKER OR DEALER as of Page 3 *Brokers or Dealers electing the alternative net capital requirement method need not complete these columns. B. Commodities accounts 21. Payable to non customers: A. Securities accounts B. Commodities accounts value - including arbitrage and expenses: A. Drafts payable B. Accounts payable C. Income taxes payable D. Deferred income taxes C. Omnibus accounts: D. Clearing organizations: B. Other B. Securities loaned: Requirements" Liabilities 2. Other .................... ........................ .. ............. ............ ................ ................... ............. ............... ......... ............. F. Other ......................... E. Accrued expenses and other liabilities of ...... of ...... E. Other ......................... 20. Payable to customers: 2. Other ........................ Requirements" 2. Other ........................ Requirements" 2. Other ........................ Requirements" Requirements" $ $ 1. Includable in "Formula for Reserve 1. Includable in "Formula for Reserve 1. Includable in "Formula for Reserve A. Securities accounts - including free credits 22. Securities sold not yet purchased at market 23. Accounts payable and accrued liabilities ................ STATEMENT OF FINANCIAL CONDITION LIABILITIES AND OWNERSHIP EQUITY 17. Bank loans payable: A. Includable in "Formula for Reserve ......................... ................... 18. Securities sold under repurchase agreements. 19. Payable to brokers or dealers and clearing organizations: A. Failed to receive: 1. Includable in "Formula for Reserve ................. ................. ................. OMIT PENNIES G. Obligation to return securities ....... H. SPE Liabilities .................. 960 950 $ *Liabilities Non-A.I. *Liabilities A.I. $1240 1250 1260 1270 1280 1290 1300 1310 1320 1330 1340 1350 1360 1370 1380 1386 1387 1050 1060 1070 1080 1090 1095 1100 1105 1110 1120 1130 1140 1150 1160 1170 1180 1190 1200 1030 1040 Total $1460 1470 1480 1490 1500 1510 1520 1530 1540 1550 1560 1570 1580 1590 1600 1610 1620 1630 1640 1650 1660 1670 1680 1686 1687 2019-01-23 12:28PM EST Status: Accepted 91,564,167 92,808,462 416,333,750 92,808,462 509,142,212 VINING SPARKS 12/31/18 general creditors: from outsiders 1. from outsiders 2. Includes equity subordination(15c3-1(d)) D. Exchange memberships contributed for E. Accounts and other borrowings not Ownership Equity 28. Partnership - limited Page 4 use of company, at market value Total OMIT PENNIES * Brokers or Dealers electing the alternative net capital requirement method need not complete these columns. FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT STATEMENT OF FINANCIAL CONDITION LIABILITIES AND OWNERSHIP EQUITY (continued) Liabilities 24. Notes and mortgages payable: 25. Liabilities subordinated to claims of 2. Includes equity subordination(15c3-1(d)) C. Pursuant to secured demand note .......... A. Unsecured ............................ B. Secured ............................. of ......... of ......... qualified for net capital purposes ........... 26. TOTAL LIABILITIES .................... 27. Sole proprietorship ............................................................. partners .............. 29. Corporation:.................................................................. .............................................................. .............................................................. ....................................................... ............................................................ ...................................................................... )(..................................................... 30. TOTAL OWNERSHIP EQUITY ..................................................... 31. TOTAL LIABILITIES AND OWNERSHIP EQUITY ....................................... A. Cash borrowings:....................... 1. from outsiders collateral agreements:................... $ $ $ $ $ $ $ $ $ $ $ $ $ A. Preferred stock B. Common stock C. Additional paid- in capital D. Retained Earnings E. Total F. Less capital stock in treasury B. Securities borrowings, at market value:...... 1690 1700 1710 1730 1740 1750 1760 1770 1780 1791 1792 1793 1794 1795 1796 1800 1810 1720 1020 PART II as of BROKER OR DEALER 0970 0980 0990 1000 1010 A.I.Non-A.I. Liabilities **Liabilities $ $ 1400 1420 1430 1440 1450 1410 1390 1210 1211 1220 1230 2019-01-23 12:28PM EST Status: Accepted VINING SPARKS 12/31/18 92,808,462 92,808,462 92,808,462 6,073,032 630,628 10 1,739,393 8,443,053 84,365,409 9,866,148 2,140,973 2,389,419 14,396,540 69,968,869 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of COMPUTATION OF NET CAPITAL .....................$ ....................................( .......................................... A. Liabilities subordinated to claims of general creditors allowable in computation of net capital ...... B. Other (deductions) or allowable credits (List)......................................... ........................................$ A. Total non-allowable assets from Statement of Financial Condition (Notes B and C)..............$3540 1. Additional charges for customers' and non-customers' security accounts ........................3550 2. Additional charges for customers' and non-customers' commodity accounts .....................3560 B. Aged fail-to-deliver:....................................3570 1. number of items ...............3450 C. Aged short security differences-less ......................$3460 3580 number of items ................3470 D. Secured demand note deficiency ..........................3590 E. Commodity futures contracts and spot commodities - proprietary capital charges ................................3600 F. Other deductions and/or charges ..........................3610 G. Deductions for accounts carried under Rule 15c3-1(a)(6), (a)(7) and (c)(2)(x).......................3615 H. Total deductions and/or charges ..................................................( ........................................... .......................................$ pursuant to 15c3-1(f)): A. Contractual securities commitments ........................$$3660 B. Subordinated securities borrowings ........................3670 C. Trading and investment securities:......................... 1. Bankers' acceptances, certificates of deposit and commercial paper ................................3680 2. U.S. and Canadian government obligations ................3690 3. State and municipal government obligations ................3700 4. Corporate obligations .................................3710 5. Stocks and warrants ..................................3720 ...........................................3730 7. Arbitrage ..........................................3732 8. Other securities .....................................3734 D. Undue concentration ...................................3650 .........................................3736 ( ...................................................................$ OMIT PENNIES Page 5 3480 )3490 3500 3520 3525 3530 reserve of )3620 3630 3640 6. Options E. Other (List))3740 3750 1. Total ownership equity (from Statement of Financial Condition - Item 1800) 2. Deduct: Ownership equity not allowable for Net Capital 3. Total ownership equity qualified for Net Capital 4. Add: 5. Total capital and allowable subordinated liabilities 6. 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 applicable, 10. Net Capital 2019-01-23 12:28PM EST Status: Accepted 12/31/18 VINING SPARKS 5,001 250,000 0.00 27981.62 27981.62 69,668,869 250,000 69,718,869 as of Part B 27. Percentage of Net Capital, after anticipated capital withdrawals, to Aggregate Debits Part C NOTES: non-allowable assets. 10/85 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 23. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital 28. Net capital in excess of the greater of: OTHER RATIOS 30. Options deductions/Net Capital ratio (1000% test) total deductions exclusive of liquidating 1. Minimum dollar net capital requirement, or included in non-allowable assets. (C) For reports filed pursuant to paragraph (d) of Rule 17a-5, respondent should provide a list of material Page 6 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER brokers or dealers and consolidated subsidiaries' debits requirement of subsidiaries computed in accordance with Note(A) 24. Net capital requirement (greater of line 22 or 23) 25. Excess net capital (line 10 less 24) 26. Percentage of Net Capital to Aggregate Debits (line 10 divided by line 18 page 8) item 10 less Item 4880 page 12 divided by line 17 page 8) 5% of combined aggregate debit items or 120% of minimum net capital requirement 29. Percentage of debt to debt-equity total computed in accordance with Rule 15c3-1 (d) equity under Rule 15c3-1(a)(6), (a)(7) and (c)(2)(x) divided by Net Capital ....................................... ............................................ .................................................... ........................ ........................................ ..................... .................... ............................ COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT (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: 2. 6-2/3% of aggregate indebtedness or 2% of aggregate debits if alternate 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 memberships in exchanges contributed for use of company (contra to item 1740) and partners' securities which were $ $ $ $ $ % % % % 3870 3880 3760 3910 3851 3854 3920 3860 3852 21. Percentage of aggregate indebtedness to net capital after anticipated capital withdrawals Part A COMPUTATION OF BASIC NET CAPITAL REQUIREMENT 11. Minimal net capital required (6-2/3% of line 19) of subsidiaries computed in accordance with Note (A) 13. Net capital requirement (greater of line 11 or 12) 14. Excess net capital (line 10 less 13) 15. Net capital less greater of 10% of line 19 or 120% of line 12 COMPUTATION OF AGGREGATE INDEBTEDNESS 16. Total A.I. liabilities from Statement of Financial Condition 17. Add: A. Drafts for immediate credit B. Market value of securities borrowed for which no equivalent value is paid or credited C. Other unrecorded amounts (List) 18. Deduct: Adjustment based on deposits in Special Reserve Bank Accounts(15c3-1(c)(1)(vii)) 19. Total aggregate indebtedness 20. Percentage of aggregate indebtedness to net capital (line 19 divided by line 10) (line 19 divided by line 10 less item 4880 page 12) ..................................................... ............................................... ......................................... ............................................ ....................................... ....................................... ............... ....................................................... ....................... ............................................ 12. Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital requirement $ $ $ $ $ $ $ $ $ % % $ $ $ ................................. ........................... ............................ 3756 3790 3838 3853 3800 3810 3820 3830 3840 3850 3780 3770 3758 3760 2019-01-23 12:28PM EST Status: Accepted 338,478 (6,239) (6,239) 407,010 7,785,882 590,467 590,467 (710,563) VINING SPARKS 9,552,861 843,717 10,396,578 246,760 795,836 11,658,328 23,498,273 868,453 6,356,359 1,828,306 1,203,054 3,062,597 395,954 627,466 22,907,806 295,266 145,991 10/01/18 12/31/18 3 ............................................................ ........................... ........................ Page 7 4135 MONTHLY INCOME EXPENSES 18. Clearance paid to non-brokers (see definition) 19. Communications 22. Interest expense 24. Data processing costs (including service bureau service charges) 25. Non-recurring charges 26. Regulatory fees and expenses 27. Other expenses NET INCOME 33. Cumulative effect of changes in accounting principles 4225 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II REVENUE STATEMENT OF INCOME (LOSS) 1. Commissions: 2. Gains or losses on firm securities trading accounts 3. Gains or losses on firm securities investment accounts 9. Commodities revenue $ 3937 c. Commissions on listed option transactions d. All other securities commissions e. Total securities commissions a. From market making in over-the-counter equity securities 3941 ...................... ............... .................................................. ........................................................ ........................................................... ....................................... .................................................................. ................................................ .................................................................... .................................................................... .................................. ................................................................ .......................................................... .................................................................... a. Commissions on transactions in listed equity securities executed on an exchange b. Commissions on transactions in exchange listed equity securities executed over-the-counter 1. Includes gains or (losses) OTC market making in exchange listed equity securities 3943 b. From trading in debt securities ......................................................... c. From market making in options on a national securities exchange ..................................3945 d. From all other trading ................................................................ e. Total gains or (losses)............................................................... a. Includes realized gains (losses)....................................4235 b. Includes unrealized gains (losses)..................................4236 c. Total realized and unrealized gains (losses)................................................3952 4. Profits or losses from underwriting and selling groups ...........................................3955 a. Includes underwriting income from corporate equity securities ...............4237 5. Margin interest ...................................................................... 6. Revenue from sale of investment company shares .............................................. 7. Fees for account supervision, investment advisory and administrative services .......................... 10. Other revenue related to securities business ................................................. 8. Revenue from research services .......................................................... ...................................................$ 11. Other revenue ...................................................................... 12. Total revenue ......................................................................$ ...............................................4040 .................. .......4130 .......................................... .................................4145 13. Registered representatives' compensation 14. Clerical and administrative employees' expenses 15. Salaries and other employment costs for general partners and voting stockholder officers a. Includes interest credited to General and Limited Partners capital accounts 16. Floor brokerage paid to certain brokers (see definition) 17. Commissions and clearance paid to all other brokers (see definition) 20. Occupancy and equipment costs ......................................................... 21. Promotional costs ................................................................... a. Includes interest on accounts subject to subordination agreements ............4070 23. Losses in error account and bad debts ..................................................... 28. Total expenses ..................................................................... 29. Income (loss) before Federal income taxes and items below (Item 12 less Item 28)4210 30. Provision for Federal Income taxes (for parent only)............................................4220 31. Equity in earnings (losses) of unconsolidated subsidiaries not included above 4222 a. After Federal income taxes of ......................................4238 32. Extraordinary gains (losses)4224 ........................................... a. After Federal income taxes of ......................................4239 34. Net income (loss) after Federal Income taxes and extraordinary Items ................................$4230 35. Income (current month only) before provision for Federal income taxes and extraordinary items ..............$4211 $ $ BROKER OR DEALER For the period (MMDDYY) from 3932 to 3933 Number of months included in this statement 3931 3935 3938 3944 3949 3950 3960 3990 3980 3975 3970 3985 3995 4030 4120 4110 4055 4060 4080 4075 4150 4100 4200 4186 4170 4190 4195 3939 3940 2019-01-23 12:28PM EST Status: Accepted 12/31/18 VINING SPARKS 692,951 87,332 323,446 1,103,729 250,053 250,053 7,502 242,551 0 861,178 1,436,966 0 1,436,966 X FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of FORMULA FOR DETERMINATION OF CUSTOMER ACCOUNT RESERVE REQUIREMENTS OF BROKERS AND DEALERS UNDER RULE 15c3-3 (See Rule 15c3-3, Exhibit A and Related Notes) CREDIT BALANCES 1. Free credit balances and other credit balances in customers' security accounts (See Note A)$4340 2. Monies borrowed collateralized by securities carried for the accounts of customers (See Note B)4350 3. Monies payable against customers' securities loaned (See Note C)4360 4. Customers' securities failed to receive (See Note D)4370 5. Credit balances in firm accounts which are attributable to principal sales to customers 4380 6. Market value of stock dividends, stock splits and similar distributions receivable outstanding over 30 calendar days 4390 7. ** Market value of short security count differences over 30 calendar days old 4400 8. ** Market value of short securities and credits (not to be offset by longs or by debits) in all suspense accounts over 30 calendar days 4410 9. Market value of securities which are in transfer in excess of 40 calendar days and have not been confirmed to be in transfer by the transfer agent or the issuer during the 40 days 4420 10. Other (List)4425 11. TOTAL CREDITS $4430 DEBIT BALANCES 12. ** Debit balances in customers' cash and margin accounts excluding unsecured accounts and accounts doubtful of collection (See Note E)$4440 13. Securities borrowed to effectuate short sales by customers and securities borrowed to make delivery on customers' securities failed to deliver 4450 14. Failed to deliver of customers' securities not older than 30 calendar days 4460 15. Margin required and on deposit with the Options Clearing Corporation for all option contracts written or purchased in customer accounts (See Note F)4465 16. Margin required and on deposit with a clearing agency registered with the Commission under section 17A of the Act (15 U.S.C. 78q-1) or a derivatives clearing organization registered with the Commodity Futures Trading Commission under section 5b of the Commodity Exchange Act (7 U.S.C. 7a-1) related to the following types of positions written, purchased or sold in customer accounts: (1) security futures products and (2) futures contracts (and options thereon) carried in a securities account pursuant to an SRO portfolio mar- gining rule (See Note G)4467 17. Other (List)4469 18. ** Aggregate debit items $4470 19. ** Less 3% (for alternative method only - see Rule 15c3-1(a)(1)(ii))()4471 20. ** TOTAL 15c3-3 DEBITS 4472 RESERVE COMPUTATION 21. Excess of total debits over total credits (line 20 less line 11)$4480 22. Excess of total credits over total debits (line 11 less line 20)4490 23. If computation is made monthly as permitted, enter 105% of excess of total credits over total debits 4500 24. Amount held on deposit in "Reserve Bank Account(s)", including $4505 value of qualified securities, at end of reporting period 4510 25. Amount of deposit (or withdrawal) including $4515 value of qualified securities 4520 26. New amount in Reserve Bank Account(s) after adding deposit or subtracting withdrawal including $4525 value of qualified securities $4530 27. Date of deposit (MMDDYY)4540 FREQUENCY OF COMPUTATION OMIT PENNIES 28. Daily 4332 Weekly 4333 Monthly 4334 ** In the event the Net Capital Requirement is computed under the alternative method, this "Reserve Formula" shall be prepared in accordance with the requirements of paragraph (a)(1)(ii) of Rule 15c3-1. Page 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2019-01-23 12:28PM EST Status: Accepted 12/31/18 VINING SPARKS 0 0 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of FORMULA FOR DETERMINATION OF PAB ACCOUNT RESERVE REQUIREMENTS OF BROKERS AND DEALERS UNDER RULE 15c3-3 (See Rule 15c3-3, Exhibit A and Related Notes*) CREDIT BALANCES 1. Free credit balances and other credit balances in PAB security accounts (See Note A)$2110 2. Monies borrowed collateralized by securities carried for the accounts of PAB (See Note B)2120 3. Monies payable against PAB securities loaned (See Note C)2130 4. PAB securities failed to receive (See Note D)2140 5. Credit balances in firm accounts which are attributable to principal sales to PAB 2150 6. Market value of stock dividends, stock splits and similar distributions receivable outstanding over 30 calendar days 2152 7. ** Market value of short security count differences over 30 calendar days old 2154 8. ** Market value of short securities and credits (not to be offset by longs or by debits) in all suspense accounts over 30 calendar days 2156 9. Market value of securities which are in transfer in excess of 40 calendar days and have not been confirmed to be in transfer by the transfer agent or the issuer during the 40 days 2158 10. Other (List)2160 11. TOTAL PAB CREDITS $2170 DEBIT BALANCES 12. Debit balances in PAB cash and margin accounts excluding unsecured accounts and accounts doubtful of collection (See Note E)$2180 13. Securities borrowed to effectuate short sales by PAB and securities borrowed to make delivery on PAB securities failed to deliver 2190 14. Failed to deliver of PAB securities not older than 30 calendar days 2200 15. Margin required and on deposit with the Options Clearing Corporation for all option contracts written or purchased in PAB accounts (See Note F)2210 16. Margin required and on deposit with a clearing agency registered with the Commission under section 17A of the Act (15 U.S.C. 78q-1) or a derivatives clearing organization registered with the Commodity Futures Trading Commission under section 5b of the Commodity Exchange Act (7 U.S.C. 7a-1) related to the following types of positions written, purchased or sold in PAB accounts: (1) security futures products and (2) futures contracts (and options thereon) carried in a securities account pursuant to an SRO portfolio margining rule (See Note G)2215 17. Other (List)2220 18. TOTAL PAB DEBITS $2230 RESERVE COMPUTATION 19. Excess of total PAB debits over total PAB credits (line 18 less line 11)$2240 20. Excess of total PAB credits over total PAB debits (line 11 less line 18)2250 21. Excess debits in customer reserve formula computation 2260 22. PAB Reserve Requirement (line 20 less line 21)2270 23. Amount held on deposit in "Reserve Bank Account(s)", including $2275 value of qualified securities, at end of reporting period 2280 24. Amount of deposit (or withdrawal) including $2285 value of qualified securities 2290 25. New amount in Reserve Bank Account(s) after adding deposit or subtracting withdrawal including $2295 value of qualified securities $2300 26. Date of deposit (MMDDYY)2310 FREQUENCY OF COMPUTATION OMIT PENNIES 27.Daily 2315 Weekly 2320 Monthly 2330 * See Notes regarding the PAB Reserve Bank Account Computation (Notes 1 through 10). ** In the event the Net Capital Requirement is computed under the alternative method, this "Reserve Formula" shall be prepared in accordance with the requirements of paragraph (a)(1)(ii) of Rule 15c3-1. Page 8A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2019-01-23 12:28PM EST Status: Accepted VINING SPARKS 12/31/18 X FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS FOR BROKER-DEALERS UNDER RULE 15c3-3 (continued) EXEMPTIVE PROVISIONS 26. If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based: C. (k) (2)(ii)-All customer transactions cleared through another broker-dealer on a fully disclosed basis. Information for Possession or Control Requirements Under Rule 15c3-3 State the market valuation and the number of items of: 1. Customers' fully paid securities and excess margin securities not in the respondent's possession or control as of the report date (for which instructions to reduce to possession or control had been issued as of the report date) but for which the required action was not taken by respondent within the time frames specified under Rule 15c3-3. Notes A and B B. (k) (2)(i)-"Special Account for the Exclusive Benefit of customers" maintained A. (k) (1)-Limited business (mutual funds and/or variable annuities only)...................... A. Number of items ......................... 2. Customers' fully paid securities and excess margin securities for which instructions to reduce to possession or control had not been issued as of the report date, excluding items arising from "temporary lags which result from normal business operations" as permitted under Rule 15c3-3. Notes B,C and D 3. The system and procedures utilized in complying with the requirement to maintain physical possession or control of customers' fully paid and excess margin securities have been tested and are functioning in a manner adequate to fulfill the requirements of Rule 15c3-3 4584 NOTES Page 9 OMIT PENNIES No 4585 A. Number of items 4550 4560 4586 4587 4588 4589 $ $ $ Yes... ................. ......................... ................................................................ .................................................... .............................................................. Name(s) of Clearing Firm(s) - Please separate multiple names with a semi-colon 4335 4570 D. (k) (3)-Exempted by order of the Commission .........................................4580 possession or control but for which no action was required by the respondent as of the report date or required action was taken by respondent within the time frames specified under Rule 15c3-3. subsequently reduced to possession or control by the respondent. operations" as permitted under Rule 15c3-3. annual audit of financial statements, whether or not such date is the end of a calendar quarter. The response to item two should be filed within 60 calendar days after such date, rather than with the remainder of this report. This information may be required on a more frequent basis by the Commission or the designated examining authority in accordance with Rule 17a-5(a)(2)(iv). A--Do not include in item one customers' fully paid and excess margin securities required by Rule 15c 3-3 to be in B--State separately in response to items one and two whether the securities reported in response thereto were C--Be sure to include in item two only items not arising from "temporary lags which result from normal business D--Item two must be responded to only with report which is filed as of the date selected for the broker's or dealer's 2019-01-23 12:28PM EST Status: Accepted VINING SPARKS 12/31/18 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II STATEMENT OF SEGREGATION REQUIREMENTS AND FUNDS IN SEGREGATION FOR CUSTOMERS TRADING ON U.S. COMMODITY EXCHANGES SEGREGATION REQUIREMENTS (Section 4d(2) of the CEAct) 1. Net ledger balance A. Cash B. Securities (at market) 2. Net unrealized profit (loss) in open futures contracts traded on a contract market 3. Exchange traded options A. Add market value of open option contracts purchased on a contract market B. Deduct market value of open option contracts granted (sold) on a contract market 4. Net equity (deficit) (add lines 1, 2, and 3) 5. Accounts liquidating to a deficit and accounts with debit balances - gross amount 7045 Less: amount offset by customer owned securities ()7047 6. Amount required to be segregated (add lines 4 and 5) FUNDS IN SEGREGATED ACCOUNTS 7. Deposited in segregated funds bank accounts A. Cash B. Securities representing investments of customers' funds (at market) C. Securities held for particular customers or option customers in lieu of cash (at market) 8. Margins on deposit with derivatives clearing organizations of contract markets A. Cash B. Securities representing investments of customers' funds (at market) C. Securities held for particular customers or option customers in lieu of cash (at market) 9. Net settlement from (to) derivatives clearing organizations of contract markets 10. Exchange traded options A. Value of open long option contracts B. Value of open short option contracts 11. Net equities with other FCMs A. Net liquidating equity B. Securities representing investments of customers' funds (at market) C. Securities held for particular customers or option customers in lieu of cash (at market) 12. Segregated funds on hand (describe:) 13. Total amount in segregation (add lines 7 through 12) 14. Excess (deficiency) funds in segregation (subtract line 6 from line 13) () () $ $ $ $ Page T10-1 7010 7020 7030 7032 7033 7040 7050 7060 7070 7080 7090 7100 7110 7120 7130 7132 7133 7140 7160 7170 7150 7180 7190 BROKER OR DEALER as of 15. Management Target Amount for Excess funds in segregation $7194 16. Excess (deficiency) funds in segregation over (under) Management Target Amount Excess $7198 2019-01-23 12:28PM EST Status: Accepted VINING SPARKS 12/31/18 Page T10-2 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER STATEMENT OF SEGREGATION REQUIREMENTS AND FUNDS IN SEGREGATION FOR CUSTOMERS' DEALER OPTIONS ACCOUNTS 1. Amount required to be segregated in accordance with Commission regulation 32.6 7200 2. Funds in segregated accounts A. Cash 7210 B. Securities (at market)7220 C. Total 7230 3. Excess (deficiency) funds in segregation (subtract line 2.C from line 1)7240 $ $ $ as of 2019-01-23 12:28PM EST Status: Accepted VINING SPARKS 12/31/18 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of STATEMENT OF SECURED AMOUNTS AND FUNDS HELD IN SEPARATE ACCOUNTS PURSUANT TO COMMISSION REGULATION 30.7 FOREIGN FUTURES AND FOREIGN OPTIONS SECURED AMOUNTS $7305 1. Net ledger balance - Foreign Futures and Foreign Option Trading - All Customers A. Cash $7315 B. Securities (at market)7317 2. Net unrealized profit (loss) in open futures contracts traded on a foreign board of trade 7325 3. Exchange traded options A. Market value of open option contracts purchased on a foreign board of trade 7335 B. Market value of open contracts granted (sold) on a foreign board of trade 7337 4. Net equity (deficit) (add lines 1. 2. and 3.)$7345 5. Accounts liquidating to a deficit and accounts with debit balances - gross amount $7351 Less: amount offset by customer owned securities ()7352 7354 6. Amount required to be set aside as the secured amount - Net Liquidating Equity Method (add lines 4 and 5)$7355 7. Greater of amount required to be set aside pursuant to foreign jurisdiction (above) or line 6.$7360 Page T10-3 Amount required to be set aside pursuant to law, rule or regulation of a foreign government or a rule of a self-regulatory organization authorized thereunder 2019-01-23 12:28PM EST Status: Accepted VINING SPARKS 12/31/18 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER STATEMENT OF SECURED AMOUNTS AND FUNDS HELD IN SEPARATE ACCOUNTS PURSUANT TO COMMISSION REGULATION 30.7 FUNDS DEPOSITED IN SEPARATE REGULATION 30.7 ACCOUNTS 1. Cash in banks A. Banks located in the United States 7500 B. Other banks qualified under Regulation 30.7 Name(s):7510 7520 7530 2. Securities A. In safekeeping with banks located in the United States 7540 B. In safekeeping with other banks qualified under Regulation 30.7 Name(s):7550 7560 7570 3. Equities with registered futures commission merchants A. Cash 7580 B. Securities 7590 C. Unrealized gain (loss) on open futures contracts 7600 D. Value of long option contracts 7610 E. Value of short option contracts ()7615 7620 4. Amounts held by clearing organizations of foreign boards of trade Name(s):7630 A. Cash 7640 B. Securities 7650 C. Amount due to (from) clearing organizations - daily variation 7660 D. Value of long option contracts 7670 E. Value of short option contracts 7675 7680 5. Amounts held by members of foreign boards of trade Name(s):7690 A. Cash 7700 B. Securities 7710 C. Unrealized gain (loss) on open futures contracts 7720 D. Value of long option contracts 7730 E. Value of short option contracts 7735 7740 6. Amounts with other depositories designated by a foreign board of trade Name(s):7750 7760 7. Segregated funds on hand (describe:7765 8. Total funds in separate section 30.7 accounts 7770 ( ( ) ) $ $ $ $ $ $ ) $ as of 9. Excess (deficiency) set Aside Funds for Secured Amount (subtract Line 7 Secured Statement page T10-3 from Line 8)$7380 10. Management Target Amount for Excess funds in separate section 30.7 accounts $7780 11. Excess (deficiency) funds in separate 30.7 accounts over (under) Management Target $7785 Page T10-4 2019-01-23 12:28PM EST Status: Accepted VINING SPARKS 12/31/18 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of STATEMENT OF CLEARED SWAPS CUSTOMER SEGREGATION REQUIREMENTS AND FUNDS IN CLEARED SWAPS CUSTOMER ACCOUNTS UNDER 4D(F) OF THE CEA Cleared Swaps Customer Requirements 1. Net ledger balance A. Cash $8500 B. Securities (at market)8510 2. Net unrealized profit (loss) in open cleared swaps 8520 3. Cleared swaps options A. Market value of open cleared swaps option contracts purchased 8530 B. Market value of open cleared swaps option contracts granted (sold)()8540 4. Net equity (deficit) (add lines 1, 2, and 3)$8550 5. Accounts liquidating to a deficit and accounts with debit balances - gross amount $8560 Less: amount offset by customer owned securities ()8570 8580 6. Amount required to be segregated for cleared swaps customers (add lines 4 and 5)$8590 Funds in Cleared Swaps Customer Segregated Accounts 7. Deposited in cleared swaps customer segregated accounts at banks A. Cash $8600 B. Securities representing investments of cleared swaps customers' funds (at market)8610 C. Securities held for particular cleared swaps customers in lieu of cash (at market)8620 8. Margins on deposit with derivatives clearing organizations in cleared swaps customer segregated accounts A. Cash 8630 B. Securities representing investments of cleared swaps customers' funds (at market)8640 C. Securities held for particular cleared swaps customers in lieu of cash (at market)8650 9. Net settlement from (to) derivatives clearing organizations 8660 10. Cleared swaps options A. Value of open cleared swaps long option contracts 8670 B. Value of open cleared swaps short option contracts ()8680 11. Net equities with other FCMs A. Net liquidating equity 8690 B. Securities representing investments of cleared swaps customers' funds (at market)8700 C. Securities held for particular cleared swaps customers in lieu of cash (at market)8710 12. Cleared swaps customer funds on hand (describe: _____________________________________ )8715 13. Total amount in cleared swaps customer segregation (add lines 7 through 12)$8720 14. Excess (deficiency) funds in cleared swaps customer segregation (subtract line 6 from line 13)$8730 15. Management Target Amount for Excess funds in cleared swaps segregated accounts $8760 16. Excess (deficiency) funds in cleared swaps customer segregated accounts over (under) Management Target Excess $8770 Page T10-5 2019-01-23 12:28PM EST Status: Accepted VINING SPARKS 12/31/18 SUPPLEMENT TO FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER COMPUTATION OF CFTC MINIMUM NET CAPITAL REQUIREMENT i. Amount of Customer Risk Maintenance Margin requirement ii. Enter 8% of line A.i iii. Amount of Non-Customer Risk iv. Enter 8% of line A.iii Page T10 as of Net Capital required Maintenance Margin requirement 7415 7435 v. Add lines A.ii and A.iv. 7425 7445 7455 A. Risk-Based Requirement Note: Note:If the Minimum Net Capital Requirement computed on Line D (7490) is: Enter the greatest of lines A, B or C D. Minimum CFTC Net Capital Requirement. 7490 CFTC Early Warning Level 7495 7465B. Minimum Dollar Amount Requirement 7475C. Other NFA Requirement (1) Risk Based Requirement, enter 110% of Line A (7455), or (2) Minimum Dollar Requirement of $1,000,000 enter 150% of Line B (7465), or (3) Minimum Dollar Requirement of $20,000,000 for FCMs offering or engaging in retail forex transactions or Retail Foreign Exchange Dealers (“RFED”), enter 110% of Line B (7465), or (4) Other NFA Requirement of $20,000,000 plus five percent of the FCM’s offering or engaging in retail forex transactions or Retail Foreign Exchange Dealers (“RFED”) total retail forex obligations in excess of $10,000,000 enter 110% of Line C (7475), or (5) Other NFA Requirement, enter 150% of Line C (7475). If amount on Line D (7490) is greater than minimum net capital requirement computed on Line 3760 (Page 6) then enter this greater amount on Line 3760. The greater of the amount required by SEC or CFTC is the minimum net capital requirement. 2019-01-23 12:28PM EST Status: Accepted VINING SPARKS 12/31/18 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of Name of Lender or Contributor 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. TOTAL Page 11 Expect to Renew (Yes or No) 4615 4625 4635 4645 4655 4665 4675 4685 4695 4614 4624 4634 4644 4654 4664 4674 4684 4694 4604 4605 * To agree with the total on Recap (Item No. 4880) (MMDDYY) Withdrawal or Maturity Date 4603 4613 4623 4633 4643 4653 4663 4673 4683 4693 4699* OMIT PENNIES $ Amount to be with- drawn (cash amount and/or Net Capital Value of Securities) 4602 4612 4622 4632 4642 4652 4662 4672 4682 4692 Insider or Outsider ? (In or Out) 4601 4611 4621 4631 4641 4651 4661 4671 4681 4691 Instructions:Detail listing must include the total of items maturing during the six month period following 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 than six months. 4600 4610 4620 4630 4640 4650 4660 4670 4680 4690 Type of Proposed withdrawal or Accrual (See below for code to enter) report date, regardless of whether or not the capital contribution is expected to be renewed. The 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 WITHDRAWAL CODE: 15c3-1(c) (2) (iv) Liabilities Accruals Subordinated Liabilities Equity Capital1 2. 3. 4. DESCRIPTION 2019-01-23 12:28PM EST Status: Accepted VINING SPARKS 96,726,248 590,467 4,508,253 92,808,462 12/31/18 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT Capital Withdrawals PART II BROKER OR DEALER as of RECAP 1. Equity Capital A. Partnership Capital: B. Corporation Capital: 3. Retained Earnings (Dividends and Other)4760 2. Subordinated Liabilities 3. Other Anticipated Withdrawals 4. Description of Other (SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION) STATEMENT OF CHANGES IN OWNERSHIP EQUITY STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS OMIT PENNIES Page 12 Ownership Equity and Subordinated Liabilities maturing or proposed to be withdrawn within the next six months and accruals, which have not been deducted in the computation of Net Capital. 4700........................................1. General Partners 47102. Limited 47203. Undistributed Profits ...................................... 4. Other (describe below)4730.................................... 5. Sole Proprietorship 4735...................................... 1. Common Stock 4740......................................... 2. Preferred Stock 4750......................................... 4. Other (describe below)4770.................................... A. Secured Demand Notes 4780................................... B. Cash Subordinations 4790...................................... C. Debentures 4800............................................. D. Other (describe below)4810..................................... A. Bonuses 4820............................................... B. Voluntary Contributions to Pension or Profit Sharing Plans 4860............. C. Other (describe below)4870..................................... Total ..................................................................4880 1. Balance, beginning of period 4240 A. Net income (loss)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)4290................................................. 3. Balance, beginning of period 4300 A. Increases 4310 B. Decreases )4320( 4. Balance, end of period (From item 3520)4330 ......................................................... .............................................................. ......................................................... ................................................................... ................................................................... ................................................. $ $ $ $ $ $ $ $ ............................................... ....................... 2019-01-23 12:28PM EST Status: Accepted VINING SPARKS 192 6,994 69 12/31/18 X 103 295 1,141,120 2,968,430 5,996,981 5,996,981 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART II BROKER OR DEALER as of FINANCIAL AND OPERATIONAL DATA 1. Month end total number of stock record breaks unresolved over three business days.Valuation Number A. breaks long 4890 4900 B. breaks short 4910 4920 2. Is the firm in compliance with Rule 17a-13 regarding periodic count and verification of securities positions and locations at least once in each calendar quarter ? (Check one) A) If response is negative attach explanation of steps being taken to comply with Rule 17a-13. 3. Personnel employed at end of reporting period: A. Income producing personnel 4950 B. Non-income producing personnel (all other)4960 C. Total 4970 4. Actual number of tickets executed during current month of reporting period 4980 5. Number of corrected customer confirmations mailed after settlement date 4990 No. of Items Debit (Short Value)No. of Items Credit (Long Value) 5030 7. Security suspense accounts 5070 8. Security difference accounts 5110 9. Commodity suspense accounts 5150 10. Open transactions with correspondents, 11. Bank account reconciliations-unresolved 5190 5230 12. Open transfers over 40 calendar days, 13. Transactions in reorganization accounts- 5310 No. of Items Ledger Amount Market Value 15. Failed to deliver 5 business days or longer (21 business 5362 16. Failed to receive 5 business days or longer (21 business 5365 17. Security concentrations (See instructions in Part I): 23. Aggregate lease and rental commitments payable for entire term of the lease OMIT PENNIES Page 13 Yes 4930 No 4940 other brokers, clearing organizations, depositories and interoffice and intercompany accounts which could result in a charge-unresolved amounts over 30 calendar days amounts over 30 calendar days over 60 calendar days days or longer in the case of Municipal Securities) days or longer in the case of Municipal Securities) $ $ ............................................... .............................................. ........................................ ............................................................ .................................................. ............................................................................ .............................. ............................... ......... ......... 5040 5080 5120 5160 5200 5280 $ $ $ $ $ $ 5000 $6. Money differences $5010 5050 5090 5130 5170 5210 5020 5060 5100 5140 5180 5220 5300 $ $ $ $ $ $5290 53615360 5363 $ $$ ....... ...... ................ not confirmed 5240 $5250 5260 $5270 ...... ................... ............. 14. Total .........................$5330 5340 $53505320 ........ ........5364 A. Proprietary positions ..................................................................$5370 B. Customers' accounts under Rule 15c3-3 ....................................................$5374 18. Total of personal capital borrowings due within six months ........................................$5378 19. Maximum haircuts on underwriting commitments during the period ....................................$5380 20. Planned capital expenditures for business expansion during next six months .............................$5382 21. Liabilities of other individuals or organizations guaranteed by respondent ...............................$5384 22. Lease and rentals payable within one year ....................................................$5386 A. Gross ............................................................................$5388 B. Net .............................................................................$5390 2019-01-23 12:28PM EST Status: Accepted VINING SPARKS X X 10 11,001 630,628 12/31/18 ......................... PART I (OR PART II) 1. Money suspense and balancing differences 2. Security suspense and differences with related 3. Market value of short and long security sus- 4. Market value of security record breaks 5. Unresolved reconciling differences with others: 6. Commodity Differences 7. Open transfers and reorganization account 9. Lines 1.-6. resolved subsequent to report Other Operational Data (Items 1., 2. and 3. below require an answer) Page Op 2 5610 5810 money balances 5620 5820 5625 5825 pense and differences without related money (other than reported in line 4., below)5630 5830 5640 5840 A. Correspondents and Broker/Dealers 5650 5850 5655 5855 B. Depositories 5660 5860 C. Clearing Organizations 5675 5875 5680 5880 E. Bank Accounts and Loans 5690 5890 F. Other 5700 5900 G. (Offsetting) Items A. through F.5720 )5920 TOTAL Line 5 5730 5930 5740 5940 items over 40 days not confirmed or date 5775 5975 ........................................................... has not been done in all respects, answer No. ($000 omitted) in accordance with the specific instructions; If No answer -0- for: 5604 5605 days for lines 5.A. through D. and 65 days for lines 5.E. and F. prior to the report date and have all reconciling difference Item 1. Have the accounts enumerated on line 5.A. through F. above been reconciled with statements received from others within 35 Item 2. Do the respondent's books reflect a concentrated position (See Instruction) in commodities? If yes report the totals Item 3. Does respondent have any planned operational changes? (Answer Yes or No based on specific instructions.) BROKER OR DEALER 6010 6020 6025 6030 6040 6050 6055 6060 6075 6080 6090 6100 )6120 6130 6140 6175 FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT 6012 6022 6027 6032 6042 6052 6057 6062 6077 6082 6092 6102 6132 6142 6177 L L ...... S S L S L......................... ........... ......... ......................... .................. ................ ............................... .................... ................................ D. Inter-company Accounts ................. (( $$$ verified ...............................5760 5960 6160 6162 $$$ FINANCIAL AND OPERATIONAL DATA Operational Deductions From Capital (Note A) Deductions No. of Debits Credits In Computing Items (Short Value)(Long Value)Net Capital 8. TOTAL (Line 1.-7.)........................5770 $5970 $6170 $6172 been appropriately comprehended in the computation of net capital at the report date? If this Yes 5600 No 5601 B. Customers' and Non-Customers' and Other Accounts 5603 A. Firm Trading and Investment Accounts 5602 Yes No A. B. NOTE A -This section must be completed as follows: b. the total deduction, line 8. column IV, for the current month exceeds the total deductions for the prior month by 5670 5870 6070 6072 (Omit 000's)(Omit 000's)(Omit Pennies) --to receive .................5785 $5985 $6185 $6187 10. Aged Fails --to deliver ..................5780 $5980 $6180 $6182 as of I II III IV 1. All member organizations must complete column IV, lines 1. through 8. and 10., reporting deductions from capital 2. a. Columns I, II and III of lines 1. through 8. and 10. must be completed when a Part II filing is required. 3. A response to line 9., cols. I through IV and the "Potential Operational Charges Not Deducted From Capital" schedule 4. All columns and line items (1. through 10.) must be answered if required. If respondent has nothing to report enter -0-. as of the report date whether resolved subsequently or not (see instructions relative to each line item). b. Columns I, II and III of lines 1. through 8. must be completed with a Part I filing, only if the total deduction on line 8 column IV equals or exceeds 25% of excess net capital as of the prior month end reporting date. All columns of line 10. require completion. on p. 3 are required only if: a. the parameters cited in 2.b. above exist, and 50% or more. 2019-01-23 12:28PM EST Status: Accepted 12/31/18VINING SPARKS BROKER OR DEALER 1. Money suspense and balancing differences 2. Security suspense and differences with related 3. Market value of short and long security sus- 4. Market value of security record breaks 5. Unresolved reconciling differences with others: 6. Commodity Differences a. the total deductions on line 8., column IV, of the "Operational Deductions From Capital" schedule equal or b. the total deduction on line 8., column IV, for the current month exceeds the total deductions 2. Include only suspense and difference items open at the report date which were NOT required to be deducted in the computation of net capital AND which were not resolved seven (7) business days subsequent to the report date. 3. Include in column IV only additional deductions not comprehended in the computation of net capital at the report date. 4. Include on line 5. A. through F. unfavorable differences offset by favorable differences (see instructions for line 5) at the report date if resolution of the favorable items resulted in additional deductions in the computation of net capital subsequent to the report date. 5. Exclude from lines 5. A. through F. new reconciling differences disclosed as a result of reconciling with the books of account statements received subsequent to the report date. 6. Line items 1. through 5. above correspond to similar line items in the "Operational Deductions From Capital" schedule (page 2) and the same instructions should be followed except as stated in Note (B-1 through 5.) above. Page Op 3 (Omit 000's) 6210 money balances 6220 6225 pense and differences without related money (other than reported in line 4., below)6230 6240 A. Correspondents and Broker/Dealers 6250 6255 B. Depositories 6260 C. Clearing Organizations 6270 6275 D. Inter-company Accounts 6280 E. Bank Accounts and Loans 6290 F. Other 6300 G. (Offsetting) Items A. through F.6310 TOTAL (Line 5.)6330 6340 6612 6622 6627 6632 6642 6652 6657 6662 6672 6677 6682 6692 6702 6732 6742 (Omit Pennies) 6610 6620 6625 6630 6640 6650 6655 6660 6670 6675 6680 6690 6700 6710 6730 6740 (Omit 000's) )(( as of 6410 6420 6425 6430 6440 6450 6455 6460 6470 6475 6480 6490 6500 6510 6530 6540 ) L S L S L S $$$$ .......... .......... .......... ......................... ...... .......................... ................... .................. ................ ................. ............. ............................... ........................ .................... Potential Operational Charges Not Deducted From Capital (Note B) FINANCIAL AND OPERATIONAL DATA FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT PART I (OR PART II) Deductions Items (Short Value)(Long Value)Net Capital No. of Debits Credits In Computing 1. All line items (1. through 6.) and columns (I through IV) must be completed only if: This section must be completed as follows:NOTE B - TOTAL (Line 1.-6.)........................6370 $6570 $6770 $6772 I II III IV exceed 25% of excess net capital as of the prior month end reporting date; and for the prior month by 50% or more. If respondent has nothing to report enter -0-. 2019-01-23 12:28PM EST Status: Accepted BANK OF NEW YORK AGENT ID #08015 NSCC #6043 DTC#2940 BOOK ENTRY -‐ MTG BACKED SEC – FNMA, FHLMC, GNMA & REMICS FED BOOK ENTRY DELIVERY INSTRUCTIONS ABA 021000018 BK OF NYC/VSIBG MUNI, CORP, CMO, MTN, CD, SBA, BA, ASSET BACKED SECURITIES, COMMERCIAL PAPER DTC DELIVERY INSTRUCTIONS DTC 2940 BK OF NYC/VSIBG PHYSICAL INSTRUCTIONS BANK OF NEW YORK ONE WALL ST – 3rd FL WIN B A/C VINING SPARKS NEW YORK, NY 10286 EUROCLEAR DELIVERY INSTRUCTIONS EUROCLEAR 20989/VINING SPARKS CASH ONLY – WIRING INSTRUCTIONS ABA 021000018 BANK OF NEW YORK-‐NY A/C VINING SPARKS A/C 8900566124 BMO HARRIS BANK N.A. DTC #2697 BOOK ENTRY -‐ UST BILLS, NOTES, BONDS, STRIPS, FEDERAL AGENCY SECURITIES FED BOOK ENTRY DELIVERY INSTRUCTIONS ABA 071000288 HARRISBANK/1040/1013020266 PERSHING -‐ EQUITIES ONLY VINING SPARKS OPERATING AS INTRODUCING BROKER FOR -‐ PERSHING CASH ONLY WIRING INSTRUCTIONS DTC EQUITIES FOR PERSHING/EQUITIES ONLY DTC # 0443/ (your HV8 acct. number) ABA 021000018 BANK OF NEW YORK A/C PERSHING LLC A/C 8900512385 FFC PERSHING CUSTOMER ACCOUNT # AND NAME Contacts: Mary Carolyn Harp, Manager (901-‐766-‐3054) Diane Carver, Supervisor (901-‐762-‐5391) DELIVERY INSTRUCTIONS TAX ID 62-‐1445536 MPID VSLP