X-17A-5 0000055847 XXXXXXXX LIVE false false false 01-01-2025 12-31-2025 Broker-dealer N C. L. KING & ASSOCIATES, INC. NINE ELK STREET ALBANY NY 12207 Peter McMillen 518-431-3528 CROWE LLP 485 LEXINGTON AVENUE FLOOR 11 NEW YORK NY 10017 Certified Public Accountant PETER J MCMILLEN C. L. KING & ASSOCIATES, INC. 12-31-2025 PETER J MCMILLEN CHIEF FINANCIAL OFFICER Y