# MARC J. LANE & COMPANY X-17A-5 (2026-02-13) — Broker-dealer annual report - Company: MARC J. LANE & COMPANY - Form: X-17A-5 - Filed: 2026-02-13 - Period: 2025-12-31 - Accession: 0000763052-26-000005 - CIK: 763052 - File #: 8-33465 - Type: Broker-dealer - Material weakness: No - Auditor: Michael Coglianese CPA, PC - Auditor location: Lincolnshire, IL - Contact: Brian Lenart - Phone: 708-624-1982 - Email: mlane@marcjlane.com - Website: marcjlane.com - Signed by: Marc J. Lane (President) Original filing: https://www.sec.gov/Archives/edgar/data/763052/000076305226000005/Public2025.pdf --- {0}------------------------------------------------ **Pursuant to Rule 17a-5(d) Financial Statements For the Year Ended December 31, 2025 Marc J. Lane & Company Report** {1}------------------------------------------------ ### # |























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| | | | Marc J. Lane & Company









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| | | | 200 E. Randolph St. Suite 5100
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| | | | | Chicago
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| | | | | Marc J. Lane
| 312-372-1040
mlane@marcjlane.com
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Michael Coglianese CPA, PC
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| | | | 300 Tri State International Ste 180
| Lincolnshire | IL | 60069 | | |





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| | | 10/20/2009
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| | {2}------------------------------------------------ ### Marc J. Lane Marc J. Lane & Company December 31 025 President ### - - - - - - - - - - - - - - - - - - - - - - - - - - - {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) #### **Report of Independent Registered Public Accounting Firm** To the Sole Stockholder of Marc J. Lane & Company #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Marc J. Lane & Company as of December 31, 2025, the related statements of income, changes in stockholder's equity, and cash flows for the year then ended, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of Marc J. Lane & Company as of December 31, 2025, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** These financial statements are the responsibility of Marc J. Lane & Company's management. Our responsibility is to express an opinion on Marc J. Lane & Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Marc J. Lane & Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. #### **Supplemental Information** The supplemental information which includes Schedules I, II, III, and IV within the financial statements has been subjected to audit procedures performed in conjunction with the audit of Marc J. Lane & Company's financial statements. The supplemental information is the responsibility of Marc J. Lane & Company's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the supplemental information within the financial statements is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as Marc J. Lane & Company's auditor since 2022. Lincolnshire, IL February 12, 2026 {4}------------------------------------------------ ### **Marc J. Lane & Company (A Corporation) Statement of Financial Condition As of December 31, 2025** #### **ASSETS** | | 2025 | |-------------------------------------------|-----------------| | | | | Cash and cash equivalents | \$
50,146 | | Investment in securities, at fair value | 1,301,490 | | Deposit with clearing broker | 50,000 | | Commissions due from clearing broker | 35,611 | | Prepaid expenses | 18,622 | | Other commissions and interest receivable | 1,442 | | TOTAL ASSETS | \$
1,457,311 | ### **LIABILITIES AND STOCKHOLDER'S EQUITY** | LIABILITIES: | | | |--------------------------------------------|----|-----------| | Accounts payable and accrued expenses | \$ | 17,772 | | Loan payable, shareholder | | 100,555 | | TOTAL LIABILITIES | | 118,327 | | STOCKHOLDER'S EQUITY: | | | | Common stock, no par value, 1,000 shares | | | | Authorized, issued and outstanding | | 6,000 | | Additional paid-in capital | | 149,950 | | Retained earnings | | 1,183,034 | | TOTAL STOCKHOLDER'S EQUITY | | 1,338,984 | | | | | | TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY | \$ | 1,457,311 | {5}------------------------------------------------ ### **Marc J. Lane & Company (A Corporation) Statement of Income For the Year Ended December 31, 2025** | | 2025 | |-------------------------------|---------------| | REVENUES | | | Commissions income | \$
501,521 | | Participation interest income | 19,682 | | Unrealized gain on securities | 253,069 | | Realized (loss) on securities | (3,177) | | Dividend income | 13,115 | | Interest income | 166 | | Total revenues | 784,376 | | | | | EXPENSES | | | Salaries | 152,600 | | Employee benefits | 13,800 | | Shared expenses | 45,790 | | Professional fees | 119,264 | | Commissions | 53,202 | | Insurance | 472 | | Payroll taxes | 10,737 | | Clearing charges | 52,412 | | Regulatory fees | 8,240 | | Office expenses | 6,408 | | Dues and subscriptions | 5,430 | | Interest expense | 6,738 | | Total expenses | 475,093 | | NET INCOME | \$
309,283 | {6}------------------------------------------------ ### **Marc J. Lane & Company (A Corporation) Statement of Changes in Stockholder's Equity For the Year Ended December 31, 2025** | | Common
stock | | Additional
paid in capital | | Retained
earnings | | Ending
balance | | |------------------------------------------------|-----------------------|----|-------------------------------|----|-------------------------|----|---------------------------|--| | Beginning January 1
Net income
Dividends | \$
6,000
-
- | \$ | 149,950
-
- | \$ | 873,751
309,283
- | \$ | 1,029,701
309,283
- | | | Ending December 31 | \$
6,000 | \$ | 149,950 | \$ | 1,183,034 | \$ | 1,338,984 | | {7}------------------------------------------------ ### **Marc J. Lane & Company (A Corporation) Statement of Cash Flows For the Year Ended December 31, 2025** | | 2025 | |------------------------------------------------------------------------------------------------------------------------|-------------------| | CASH FLOWS FROM OPERATING ACTIVITIES: | | | Net income | \$
309,283 | | Adjustments to reconcile net income to
net cash provided by operating activities:
(Increase) decrease in: | | | Investment in securities | (249,893) | | Due from broker | (443) | | Prepaid expenses | (4,212) | | Accounts receivable | 2,050 | | Increase (decrease) in: | | | Accounts payable and accrued expenses
Net cash used by operating activities | (4,051)
52,734 | | | | | CASH FLOWS FROM INVESTING ACTIVITIES | | | Sale of stock | 35,255 | | CASH FLOWS FROM FINANCING ACTIVITIES | | | Payments on loan payable, shareholder | (54,325) | | NET (DECREASE) IN CASH | 33,664 | | CASH AND CASH EQUIVALENTS, beginning of year | 16,482 | | CASH AND CASH EQUIVALENTS, end of year | \$
50,146 | | SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for taxes
\$
0
Cash paid for interest
\$ 729 | | The accompanying notes are an integral part of these financial statements. {8}------------------------------------------------ #### **Note 1 - Summary of Significant Accounting Policies** #### **Organization and Nature of Operations** Marc J. Lane & Company (the Firm) is a Broker/Dealer and is registered with the Securities and Exchange Commission (SEC), and is a member of the Financial Industry Regulatory Authority (FINRA), and the Security Investor Protection Corporation (SIPC). The Firm is an affiliate of The Law Offices of Marc J. Lane, a professional corporation. As such, it is unique in the brokerage industry. The Firm was incorporated in Illinois on March 28, 1985 to help law clients implement their estate, tax, and wealth plans. The Firm conducts business in equity, fixed income, and derivative securities. The Firm operates on a fully disclosed basis as an introducing broker and does not perform any type of clearing function for itself or others. The Firm does not hold customer funds or securities. The Firm accepts customers' orders and enters orders. The Firm does not actively seek its own clients. #### **Income Recognition** Commissions income consists of client transactions that are fully introduced to the Firm's clearing broker on behalf of its client. Commission revenue is earned on the sale of mutual funds, 529 Plans, and other exchange traded products. Commissions revenue and related clearing expenses are recorded on a trade-date basis. The Firm believes the performance obligation is satisfied on the trade date, as that is the date the underlying purchaser is identified, the pricing has been agreed upon, and the risks and rewards of ownership have been transferred. Commissions income - other, consists of ongoing direct 12b-1 fees, or trailing commissions. The Firm meets its performance obligations at the time of placement, though fees are earned for the duration of each customer investment. The Firm offers no guarantees, refunds or warranty. #### **Securities Transactions** Marketable securities owned by the Firm are valued at fair value. #### **Income Taxes** Effective July 1, 1987, the Firm elected to be taxed as an S Corporation, whereby income is reported on the stockholder's income tax return. As a result, no federal income tax provision is made by the Firm. The Firm is subject to a 1.5% Illinois Replacement Tax on its cash basis net income. #### **Use of Estimates** The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. {9}------------------------------------------------ ### **Note 1 - Summary of Significant Accounting Policies (continued)** #### **Cash and cash equivalents** The Firm maintains its operating cash in two bank checking accounts insured by the Federal Deposit Insurance Corporation. The firm also maintains a brokerage money market account. Cash equivalents represent money market funds or short-term investments with original maturities of three months or less from the date of purchase. #### **Leases** Through October, 2025, the Firm shared its office space with an affiliate owned by the same stockholder under the terms of an expense sharing agreement, which is cancelable with reasonable notice. This agreement is not subject to FASB ASC 842, Leases. The Firm records shared expenses monthly as billed. Subsequent to October, 2025, the Firm leases office space under an 12 month agreement, not subject to FASB ASC 842. #### **Clearing Agreement** The Firm entered into a clearing agreement with RBC Correspondent Services on a fully disclosed basis. The clearing broker clears all security transactions and remits the commissions, net of the clearing charges to the Firm on a monthly basis. #### **Note 2 - Broker Dealer Single Reportable Segment** The Firm is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services, including principal transactions, agency transactions, and investment advisory. The Firm has identified Marc J. Lane, President, as the chief operating decision maker ("CODM") who uses net income to evaluate the results of the business to manage the Firm. Additionally, the CODM uses excess net capital, which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay dividends. The Firm's operations constitute a single operating segmant and therefore, a single reportable segment, because the CODM manages the business activities using information of the Firm as a whole. The accounting policies used to measure the profit and loss of the segmant are the same as those described in the summary of significant policies. No single customer accounted for more than 10% of revenue. #### **Note 3 - Fair Value Measurements** Financial Accounting Standards Board (FASB), Accounting Standards Codification (ASC) Topic 820, and Fair Value Measurements, establishes a fair value heirarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels for the fair value hierarchy under SFAS No. 157 are described below: #### Level 1 Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets. {10}------------------------------------------------ #### **Note 3 - Fair Value Measurements (continued)** #### Level 2 Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. #### Level 3 Inputs to the valuation methodology are unobservable and significant to the fair value measurement. In determining the appropriate heirarchy levels, the Firm analyzes the assets and liabilities that are subject to fair value disclosure. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to their fair value measurement. The following table presents the Firm's assets that are measured at fair value on a recurring basis by fair value hierarchy as of December 31, 2025: | As of December 31, 2025: | Level 1 | Level 2 | Level 3 | Total Assets | |--------------------------|-----------|---------|---------|--------------| | Common Stock | \$ | \$ | \$ | \$ | | | 1,301,490 | - | - | 1,301,490 | Specific valuation techniques and inputs used in determining the fair value of each class of assets follow: *Common stock:* Fair value of securities traded on a national securities exchange are based upon the last reported sales price on the day of valuation. These financial instruments are classified as Level 1 in the fair value heirarchy. #### **Note 4 - Financial Instruments with Off-Balance Sheet Risk** The Firm can enter into various transactions involving derivatives and other off-balance sheet financial instruments. These financial instruments include exchange-traded futures, forwards and options. These derivative transactions are used to conduct trading activities and manage market risks, and are, therefore, subject to varying degrees of market and credit risk. Derivative transactions are used for trading purposes or to economically hedge other positions or transactions. The Firm traded no derivatives during the year ended December 31, 2025. In addition, the Firm can sell securities that it does not currently own and would, therefore, be obligated to purchase such securities at a future date. The Firm would record these obligations in the financial statements at fair value of the related securities and would incur a loss if the fair value of the securities subsequently increased. The Firm sold no securities that it did not own during the year ended December 31, 2025. {11}------------------------------------------------ #### **Note 5 - Concentration of Credit Risk** The Firm is engaged in various trading and brokerage activities in which counterparties primarily include other financial institutions. In the event counterparties do not fulfill their obligations, the Firm may be exposed to risk. The risk of default depends on the creditworthiness of the counterparty or issuer of the instrument. It is the Firm's policy to review, as necessary, the credit standing of each counterparty. The Firm maintains bank accounts at financial institutions. These accounts are insured either by the Federal Deposit Insurance Commission ("FDIC"), up to \$250,000, or the Securities Investor Protection Corporation ("SIPC"), up to \$500,000. During the year, cash balances held in financial institutions did not exceed the FDIC and SIPC's insured limits. The Firm has not experienced any losses in such accounts and management believes that it has placed its cash on deposit with financial institutions which are financially stable. #### **Note 6 - Related Party Transactions** The Firm entered into an expense sharing agreement with an affiliate for its share of occupancy expenses (See Note 1 - Leases). The Firm's sole shareholder is the sole shareholder of the affiliate. For the year ended December 31, 2025, occupancy expenses, reported as Shared expenses on the Statement of Income, totaled \$45,790, consisting of \$42,000 in rents, \$1,500 in utilities and \$2,290 in telephone costs. At December 31, 2025, the Firm had no outstanding receivables from or payables to the affiliated firm. Loan payable, shareholder, is payable to the sole shareholder of the Firm upon demand. Interest is compounded quarterly at 5.0% through December, 2025. \$6,010 of interest was expensed and added to the loan balance due at December 31, 2025 of \$100,555. It is possible that the terms of certain related party transactions are not the same as those that would result for transactions among unrelated parties. Some family members of the sole shareholder and an employee of the firm are not charged investment commission fees. #### **Note 7 - Income Taxes** As discussed in Note 1, the Firm has elected to be taxed as an S corporation, whereby the Firm's income is reported on the return of the stockholder. Accordingly, there is no provision for federal income tax recorded in these financial statements. The Firm is required to file tax returns in both federal and state jurisdictions. The Firm's tax returns are subject to examination by taxing authorities in the jurisdictions in which it operates in accordance with the normal statutes of limitations in the applicable jurisdiction. For both federal and Illinois purposes, the statute of limitations is three years. Accordingly, the Firm is no longer subject to tax return examination for returns filed more than three years prior to the date of these financial statements. Returns filed within the past three years remain subject to examination. As of December 31, 2025, taxing authorities have not proposed any adjustment to the Firm's tax filings. {12}------------------------------------------------ #### **Note 8 - Net Capital Requirements** The Firm is subject to the Uniform Net Capital Rule (15c3-1) of the Securities and Exchange Commission, which requires the maintenance of a minimum net capital of \$50,000 at December 31, 2025, and the ratio of aggregated indebtedness to net capital, both of which are defined, should not exceed 15 to 1. At December 31, 2025, the Firm had net capital of \$949,720, which is \$899,720 in excess of its required net capital of \$50,000. The Firm's ratio of aggregated indebtedness to net capital was .12 to 1 at December 31, 2025. #### **Note 9 - Contingencies** The Firm is subject to various claims, legal proceedings, and investigations covering a range of matters that arise in the ordinary course of business. In the opinion of management, all such matters are adequately covered by insurance or by accruals. If not so covered, these various claims, legal proceedings, and investigations are without merit, or involve such amounts that would not have a significant effect on the financial position or results of operations of the Firm if outcomes were unfavorable. The sole shareholder and the firm are involved in litigation in which the firm is attempting to recover fees, but the outcome of the litigation is not determinable at this time. #### **Note 10 - Deposit with Clearing Broker** The Firm has a brokerage agreement with its clearing broker, RBC Correspondence Services. The clearing broker has custody of the Firm's cash balances which serve as collateral for any amounts due to the clearing broker as well as collateral for securities trading activity. The balance of these cash deposits at December 31, 2025 was \$50,000. #### **Note 11 - Commission Due from Clearing Broker** Pursuant to the clearing agreement, the Firm introduces all of its securities transactions to its clearing broker on a fully disclosed basis. Customers' money balances and security positions are carried on the books of the clearing broker. In accordance with the clearing agreement, the Firm has agreed to indemnify the clearing broker for losses, if any, which the clearing broker may sustain from carrying securities transactions introduced by the Firm. In accordance with industry practice and regulatory requirements, the Firm and the clearing broker monitor collateral on the customers' accounts. As of December 31, 2025, the commission due from the clearing broker of \$35,611 is pursuant to this clearing agreement. #### **Note 12 - Subsequent Events** The Firm's management has evaluated subsequent events through the date the financial statements were available to be issued, and has concluded that there are no material subsequent events that would require adjustment to or disclosure in the financial statements, pending the outcome of pending litigation referenced in Note 9. {13}------------------------------------------------ ### **Marc J. Lane & Company (A Corporation) Computation of Net Capital Required by Rule 15c3-1 of the Securities and Exchange Commission December 31, 2025** | | 2025 | |------------------------------------------------------|-----------------| | COMPUTATION OF NET CAPITAL | | | Total stockholder's equity qualified for net capital | \$
1,338,984 | | Less non-allowable assets: | | | Prepaid expenses | 18,622 | | NET CAPITAL BEFORE HAIRCUTS | 1,320,362 | | Less haircuts on securities: | | | Equities | 195,224 | | Undue concentrations | 175,418 | | Total haircuts on securities | 370,642 | | NET CAPITAL | \$
949,720 | | Net capital requirement | 50,000 | | EXCESS NET CAPITAL | \$
899,720 | | | | | COMPUTATION OF AGGREGATE INDEBTEDNESS | | | Aggregate indebtedness | \$
118,327 | | Ratio: Aggregate indebtedness to net capital | 0.12 to 1 | There was no material difference between the net capital computation shown here and the net capital computation shown on the Firm's most recently filed unaudited Form X-17A-5 Part IIA report dated December 31, 2025. {14}------------------------------------------------ ### **Marc J. Lane & Company (A Corporation) Reconciliation with Computation Included in Part II of Form X-17A-5 December 31, 2025** | Net capital as previously reported in the Financial and
Operation Combined Uniform Single Report - Part II-A (Unaudited) | \$
949,720 | |-----------------------------------------------------------------------------------------------------------------------------|---------------| | Audit Adjustments:
Undue concentration adjustment | 0 | | Net Capital as currently reported on Schedule I | \$
949,720 | {15}------------------------------------------------ ### **Marc J. Lane & Company (A Corporation) Computation for Determination of Reserve Requirements Required by Rule 15c3-3 of the Securities and Exchange Commission December 31, 2025** The Firm is exempt from Rule 15c3-3 under paragraph (k)(2)(ii). The Firm clears all transactions with and for customers on a fully disclosed basis with RBC Correspondence Services, or other qualified investment company, and promptly transmits all customer funds and securities, to RBC Correspondence Services, or other qualified investment company, which carries all of the accounts of such customers and maintains and preserves such books and records pertaining thereto pursuant to the requirements of Rules 17a-3 and 17a-4, as are customarily made and kept by a clearing broker or dealer. In addition, the Firm conducts direct business with mutual funds and 529 plans whereby the Firm does not take possession of customer funds or securities and therefore its direct business is not subject to the custody provisions of Rule 15c3-3. {16}------------------------------------------------ ### **Marc J. Lane & Company (A Corporation) Information Relating to Possession and Control Required by Rule 15c3-3 of the Securities and Exchange commission December 31, 2025** The Firm is exempt from the possession and control requirements of Rule 15c3-3 under paragraph (k)(2)(ii). The Firm clears all transactions for customers on a fully disclosed basis with RBC Correspondence Services, or other qualified investment company, and promptly transmits all customer funds and securities to RBC Correspondence Services, or other qualified investment company, which carries all pertaining thereto pursuant to the requirements of Rules 17a-3 and 17a-4, as are customarily made and kept by a clearing broker or dealer. In addition, the Firm conducts direct business with mutual funds and 529 plans whereby the Firm does not take possession of customer funds or securities and therefore its direct business is not subject to the custody provisions of Rule 15c3-3. {17}------------------------------------------------ ![](_page_17_Picture_0.jpeg) #### **Report of Independent Registered Public Accounting Firm** To the Sole Stockholder of Marc J. Lane & Company We have reviewed management's statements, included in the accompanying Exemption Report of Brokers and Dealers ("Exemption Report") pursuant to SEC Rule 17a-5, in which (1) Marc J. Lane & Company claimed an exemption from § 240.15c3-3 under the provisions of § 240.15c3-3 (k)(2)(ii) and (2 Marc J. Lane & Company stated that Marc J. Lane & Company met the identified exemption provisions throughout the year ending December 31, 2025 without exception. Marc J. Lane & Company also filed its Exemption Report as a Non-Covered Firm relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because Marc J. Lane & Company limits its business activities exclusively to directing subscription-way sale of mutual funds and 529 plans, and Marc J. Lane & Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to Marc J. Lane & Company); (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the year ending December 31, 2025 without exception. Marc J. Lane & Company's management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and accordingly, included inquiries and other required procedures to obtain evidence about Marc J. Lane & Company's compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in paragraph (k)(2)(ii) and Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 related to the Non-Covered Firm Provision. Lincolnshire, IL February 12, 2026 {18}------------------------------------------------ ![](_page_18_Picture_0.jpeg) ## **Exemption Report** January 19, 2026 This is to certify that, to the best of my knowledge and belief: Marc J. Lane & Company ("the Firm"), is a registered broker-dealer subject to Rule 17a -5 promulgated by the Securities and Exchange Commission (17 C.F.R. Section 240.17a -5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. Section 240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Firm states the following: The Firm claimed an exemption under provision 17 C.F. R. section 240.15c3-3 (k)(2)(ii) as the Firm is a noncarrying broker-dealer which promptly transmits all funds and delivers all securities received in connection with its activities as a broker-dealer, and does not otherwise hold funds or securities for, or owe money or securities to customers. The Firm claimed an exemption as a Non-Covered Firm for its direct subscription-way sale of mutual funds and 529 plans. The Firm (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4; (2) did not carry accounts of or for customers; aand (3) did not carry PAB accounts (as defined in Rule 15c3-3). The Firm met the identified exemptions throughout the year ending December 31, 2025 without exception. Thank you, \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Marc J. Lane, President Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.