# MAINE SECURITIES CORPORATION X-17A-5 (2026-05-19) — Broker-dealer annual report - Company: MAINE SECURITIES CORPORATION - Form: X-17A-5 - Filed: 2026-05-19 - Period: 2025-12-31 - Accession: 0000779156-26-000004 - CIK: 779156 - File #: 8-34889 - Type: Broker-dealer - Material weakness: No - Auditor: Sanville & Co - Auditor location: Abington, PA - Contact: Bradley C McCurtain - Phone: 2077750800 - Signed by: Bradley C McCurtain (President & CEO) Original filing: https://www.sec.gov/Archives/edgar/data/779156/000077915626000004/msc2025secpublicedgar.pdf --- {0}------------------------------------------------ # MAINE SECURITIES CORPORATION REPORT PURSUANT TO RULE 17a-5(d) YEAR ENDED DECEMBER 31, 2025 {1}------------------------------------------------ # MAINE SECURITIES CORPORATION Statement of Financial Condition December 31, 2025 # ASSETS | Cash and cash equivalents | \$ 565,057 | |----------------------------------------------------|-----------------| | Advisory fees receivable
Commissions receivable | 68,829
2,276 | | Securities, at fair value | 444,731 | | Deposit with clearing organization | 25,000 | | Prepaid expenses | 2,750 | | | | | Total assets | \$ 1,108,643 | | | | # LIABILITIES AND STOCKHOLDERS' EQUITY | Liabilities
Accounts payable
Deferred taxes
Commissions payable
Related party payable | \$
17,614
55,632
281
210,855 | |------------------------------------------------------------------------------------------------------|------------------------------------------| | Total liabilities | 284,382 | | Shareholders' equity
Common stock, 100,000 shares
authorized with \$1.00 par value, 100 shares | | | issued and outstanding
Additional paid-in capital
Retained earnings | 100
339,553
484,608 | | Total shareholders' equity | 824,261 | | Total liabilities & shareholders' equity | \$ 1,108,643 | The accompanying notes are an integral part of these financial statements. {2}------------------------------------------------ ### Maine Securities Corporation Exemption Report Maine Securities Corporation (the "Company") is a registered broker to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers"). This Exemption Report was prepared as required by 17 C.F.R. §240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following: - (1) The Company claimed an exemption from 17 C.F.R. §240.15c3-3 under the following provisions of 17 C.F.R. §240.15c3-3(k)(2)(ii). - (2) The Company met the identified exemption provisions in 17 C.F.R. §240.15c3-3(k) throughout the most recent fiscal year without exception. - (3) The Company is considered "Non-Covered Firm" exempt from 17 C.F.R. §240.15c3-3 and is filing an Exemption Report relying on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff. The Company limits its business activities exclusively to: (1) acting as a mutual fund retailer (2) acting as a broker or dealer selling variable life insurance or annuities (3) solicitor of time deposits in a financial institution (4) acting as a real estate syndicator (5) providing investment advisory services (6) acting as a broker or dealer selling oil and gas interests (7) acting as a broker or dealer selling tax shelters or limited partnerships in primary distributions (8) private placement of securities. - (4) The 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; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3), throughout the most recent fiscal year without exception. I, Bradley McCurtain, swear (or affirm) that, to my best knowledge and belief, this exemption report is true and correct. Regards, CFO Date of Report: April 17, 2026 Page 3 {3}------------------------------------------------ Report of Independent Registered Public Accounting Firm On Management's Exemption Report Required By SEC Rule 17a-5 Year Ended December 31, 2025 {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### Report of Independent Registered Public Accounting Firm To the Shareholder and Those Charged With Governance Maine Securities Corporation We have reviewed the accompanying Exemption Report of Maine Securities Corporation (the Company) as of and for the fiscal year ended December 31, 2025, in which management asserts that: 1. Pursuant to paragraph (k)(2)(ii) of 17 C.F.R. § 240.15c3-3, the Company claimed an exemption from 17 C.F.R. § 240.15c3-3 throughout the fiscal year ended December 31, 2025; 2. The Company limited its securities throughout the fiscal year ended December 31, 2025 to: (1) acting as a mutual fund retailer (2) acting as a broker or dealer selling variable life insurance or annuities (3) solicitor of time deposits in a financial institution (4) acting as a real estate syndicator (5) providing investment advisory services (6) acting as a broker or dealer selling oil and gas interests (7) acting as a broker or dealers or limited partnerships in primary distributions (8) private placement of securities; and 3. Throughout the fiscal year ended December 31, 2025, the Company: (i) did not receive, hold, or owe funds or securities for or to customers (except amounts received and promptly transmitted in accordance with 17 C.F.R. § 240.15c2-4(a) or (b)(2)); (ii) did not carry accounts of or for customers; and (iii) did not carry proprietary accounts of other broker-dealers (as defined in 17 C.F.R. § 240.15c3-3). 4. The Company met all of the conditions and requirements of the exemption described above without exception throughout the fiscal vear ended December 31, 2025. Management of the Company is responsible for the Exemption Report and for compliance with the applicable requirements. We conducted our review in accordance with attestation standards established by the Public Company Accounting Oversight Board (United States). A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's assertions. Accordingly, we do not express such an opinion. Based on our review, nothing came to our attention that management's assertions referred to above are not fairly stated, in all material respects, based on the criteria set forth in paragraph (k)(2)(ii) of Rule 15c3-3 under the Securities Exchange Act of 1934 and the requirements set forth in Footnote 74 of SEC Release No. 34-70073 and related provisions of Rule 17a-5. Sanville & Company, LLC Sanville & Company, LLC Dallas, Texas April 27, 2026 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214.738.1998 Page 5 {5}------------------------------------------------ ![](_page_5_Picture_0.jpeg) ## Report of Independent Registered Public Accounting Firm To the Shareholder and Those Charged With Governance Maine Securities Corporation ### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Maine Securities Corporation (the Company) as of December 31, 2025, the related statements of operations, changes in shareholder's equity, and cash flows for the year then ended, and the related notes to the financial statements (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the 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 the Company's management. Our responsibility is to express an opinion on the 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 the Company in accordance with 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. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. 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 supplementary information contained in Schedule I, Computation of Net Capital Under SEC Rule 15c3-1, Schedule II, Computation for Determination of Reserve Requirements Under SEC Rule 15c3-3, and Schedule III, Information Relating to the Possession or Control Requirements Under SEC Rule 15c3-3 has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the > 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214.738.1998 {6}------------------------------------------------ responsibility of the 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 supplementary information contained in Schedule I, Computation of Net Capital Under SEC Rule 15c3-1, Schedule II, Computation for Determination of Reserve Requirements Under SEC Rule 15c3-3, and Schedule III, Information Relating to the Possession or Control Requirements Under SEC Rule 15c3-3 is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the Company's auditor since 2019. Sanville & Company, L Sanville & Company, LLC Dallas, Texas April 27, 2026 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.