DEFINITION of 'SEC Form X-17A-5'

A financial and operational report form that must be completed by all dealer-brokers registered with the Securities and Exchange Commission (SEC). SEC form X17A-5 consists of three parts, including an annual audit that must be performed by a certified public accountant (CPA).

BREAKING DOWN 'SEC Form X-17A-5'

This report is used to determine the dealer-broker's financial condition. Section 17 of the Securities Exchange Act of 1934 Rule 17a-10(a)(1) requires all broker-dealers to file Form X-17A-5.

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