X-17A-5 0000784017 XXXXXXXX LIVE false false false 01-01-2025 12-31-2025 Broker-dealer N SMG SECURITIES, INC. 333 EAST 66TH STREET SUITE 2-O NEW YORK NY 10065 William French 917-558-1623 Adeptus Partners LLC 733 STATE RTE 35 N Ocean Township NJ 07712 Certified Public Accountant Jeffrey M. Tepper SMG SECURITIES, INC. 12-31-2025 Jeffrey M. Tepper President