# EURO-AMERICAN EQUITIES, INC. X-17A-5 (2024-06-10) — Broker-dealer annual report - Company: EURO-AMERICAN EQUITIES, INC. - Form: X-17A-5 - Filed: 2024-06-10 - Period: 2024-03-31 - Accession: 0000865341-24-000002 - CIK: 865341 - File #: 8-42793 - Type: Broker-dealer - Material weakness: No - Auditor: Ohab and Company - Auditor location: Maitland, FL - Contact: David Chenoweth - Phone: 2062329290 - Email: euroamericanequities@msn.com - Website: ohabco.com - Signed by: David Chenoweth (CEO/CCO) Original filing: https://www.sec.gov/Archives/edgar/data/865341/000086534124000002/euroamerafs24.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 > ANNUAL REPORTS FORM X-17A-5 PART III | OMB APPROVAL | | |--------------------------|----| | OMB Number: 3235-0123 | | | Expires: Oct. 31, 2023 | | | Estimated average burden | | | hours per response: | 12 | | | | | SEC FILE NUMBER | |-----------------| | 8-42793 | FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | FILING FOR THE PERIOD BEGINNING April 1, 2023 | | AND ENDING March 31, 2024 | | | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|---------------------------|-----------------|--------------------------------------------| | | MM/DD/YY | | | MM/DD/YY | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF FIRM: Euro-American Equities, Inc. | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer Security-based swap dealer Major security-based swap participant
Check here if respondent is also an OTC derivatives dealer | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | 10995 Titus Road | | | | | | | (No. and Street) | | | | | Leavenworth | WA | | | 98826 | | (City) | (State) | | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | David Chenoweth | 206-232-9290 | | | euroamericanequities@msn.com | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | OHAB AND COMPANY, PA | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | 100 E SYBELIA AVE, SUITE 130 MAITLAND | | | u | 32751 | | (Address) | (City) | | (State) | (Zip Code) | | JULY 28, 2004 | | 1839 | | | | (Date of Registration with PCAOB)(if applicable) | | | | (PCAOB Registration Number, if applicable) | | | FOR OFFICIAL USE ONLY | | | | | * Claims for exemption from the requirement that the annual reports of an independent public | | | | | accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION I, David Chenoweth , swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Euro-American Equities, Inc. in as a manufacturer and commender and as of , 2 024 March 31 partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. Title: CEO Notary Public ## This filing \*\* contains (check all applicable bo - (a) Statement of financial condition. - [ (b) Notes to consolidated statement of financial condition. - = (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - (d) Statement of cash flows. - = (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - [ (f) Statement of changes in liabilities subordinated to claims of creditors. - (g) Notes to consolidated financial statements. - (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - □ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - □ (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - | (q) Oath or affirmation in accordance with 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - □ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - = (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [t) Independent public accountant's report based on an examination of the statement of financial condition. - | (u) Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - □ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | | (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - L (z) Other: - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. {2}------------------------------------------------ # **EURO-AMERICAN EQUITIES, INC. FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2024** # **TABLE OF CONTENTS** | Report of Independent Registered Public Accounting Firm | 1 | |-------------------------------------------------------------------------------------------------------------------------------------------|-----| | Financial Statements | | | Statement of Financial Condition | 2 | | Statement of Operations | 3 | | Statement of Changes in Stockholders' Equity | 4 | | Statement of Cash Flows | 5 | | Notes to Financial Statements | 6-9 | | Supplemental Information | | | Schedule I - Computation of Net Capital Pursuant to SEC Rule 15c3-1 and
Reconciliation of Net Capital Pursuant to SEC Rule 17a-5(d)(4) | 10 | | Schedule II - Computation of Aggregate Indebtedness Under Rule 17a-5 of
the Securities and Exchange Commission | 11 | | Schedule III - Information Relating to Exemptive Provision
Requirements under SEC Rule 15c3-3 | 12 | {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) 100 E. Sybelia Ave., Suite 130 Maitland, FL 32751 Certified Public Accountants Email: pam@ohabco.com Telephone 407-740-7311 Fax 407-740-6441 # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Stockholder of Euro American Equities, Inc. ## Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Euro American Equities, Inc. as of March 31, 2024, the related statements of operations, changes in stockholders' 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 Euro American Equities, INC. as of March 31, 2024, 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 Euro American Equities, Inc.'s management. Our responsibility is to express an opinion on Euro American Equities, Inc.'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 Euro American Equities, Inc. 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. ## Auditor's Report on Supplemental Information The Schedules I, II and III have been subjected to audit procedures performed in conjunction with the audit of Euro American Equities, Inc.'s financial statements. The supplemental information is the responsibility of Euro American Equities, Inc.'s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying 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 Schedules I, II and III are fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as Euro American Equities, Inc.'s auditor since 2011. Maitland, Florida May 31, 2024 {4}------------------------------------------------ ## **FINANCIAL STATEMENTS** **MARCH 31, 2024** {5}------------------------------------------------ # **STATEMENT OF FINANCIAL CONDITION MARCH 31, 2024** ## **ASSETS** | Assets: | | |------------------------------------------------------|--------------| | Cash | \$
75,231 | | Commissions receivable | 5,616 | | Other assets | 50 | | Total assets | \$
80,897 | | | | | STOCKHOLDER'S EQUITY | | | Common stock, no par value; 1,000 shares authorized, | | | issued and outstanding | \$
5,000 | | Additional paid-in capital | 23,559 | | Retained earnings | 52,338 | | Total Stockholders' Equity | \$
80,897 | The accompanying notes are an integral part of these financial statements. {6}------------------------------------------------ # **STATEMENT OF OPERATIONS FOR THE YEAR ENDED MARCH 31, 2024** #### **Revenues:** | Mutual funds and insurance sales | \$
11,148 | |----------------------------------|--------------| | Distribution fees | 56,218 | | Realized gain on investments | 6,374 | | Dividends | 792 | | Total revenues | 74,532 | | Expenses: | | | Commission - related party | 42,959 | | Professional fees | 4,105 | | Regulatory fees | 2,495 | | Rent - related party | 6,000 | | Utilities - related party | 3,412 | | Other operating expenses | 692 | | Total expenses | 59,663 | | Net income (loss) | 14,869 | The accompanying notes are an integral part of these financial statements. {7}------------------------------------------------ # **STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY FOR THE YEAR ENDED MARCH 31, 2024** | | | Additional | Retained
Earnings | | | | |--------|----------|--------------|----------------------|--------|-------|--------| | Shares | Amount | Capital | | | Total | | | 1,000 | \$ 5,000 | \$
23,559 | \$ | 37,469 | \$ | 66,028 | | - | - | - | | 14,869 | | 14,869 | | 1,000 | \$ 5,000 | \$
23,559 | \$ | 52,338 | \$ | 80,897 | | | | Common Stock | Paid-In | | | | The accompanying notes are an integral part of these financial statements {8}------------------------------------------------ # **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2024** ## **Cash flows from operating activities:** | Net income | \$
14,869 | |--------------------------------------------------|--------------| | Adjustments to reconcile net loss to net | | | cash flows used by operating activities: | | | (Increase) decrease in: | | | Accounts receivable | 49,203 | | Commissions receivable | (1,104) | | Net cash used by operating activities | 62,968 | | Net decrease in cash and cash equivalents | 62,968 | | Cash and cash equivalents at beginning of period | 12,263 | | Cash and cash equivalents at end of period | \$
75,231 | | | | | Supplemental Disclosure: | | | Cash paid for interest | \$0 | Cash paid for tax \$0 Other non cash items \$0 The accompanying notes are an integral part of these financial statements. {9}------------------------------------------------ ### **Note 1 – Summary of Significant Accounting Policies** #### *Nature of Business* Euro-American Equities, Inc. (the Company), a Washington corporation, began operations in June 1990. The Company is a registered securities broker-dealer selling mutual funds, variable annuities, variable universal life contracts. As is typical in the industry, the Company engages in activities with various financial institutions and brokers. In the event these counter parties do not fulfill their obligations, the Company may be exposed to risks. #### *Cash and Cash Equivalents* For purposes of reporting the statement of cash flows, the Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Cash balances in excess of FDIC and similar insurance coverage are subject to the usual banking risks associated with funds in excess of those limits. At March 31, 2024, the Company had no uninsured cash balances. #### *Commissions Receivable* Commissions receivable represents commissions and fees receivable from various investment companies. Management anticipates no substantial loss from the receivable balances; therefore, no reserve was established at March 31, 2024. #### *Revenue Recognition* Revenue is recognized in accordance with FASB ASC Topic 606 as services are rendered and the contracts identified performance obligation have been satisfied. Commissions and fees received from the sale of mutual funds and variable insurance products are recognized at the time the associated service is fulfilled, including the investment company receiving the application which is based on trade date. There were no unsatisfied performance obligations at March 31, 2024. ### *Distribution Fees* The Company enters into arrangements with managed accounts or other pooled investment vehicles (funds) to distribute shares to investors. The Company may receive distribution fees paid by the fund up front, over time, upon the investor's exit from the fund (that is, a contingent deferred sales charge), or as a combination thereof. The Company believes that its performance obligation is the sale of securities to investors and as such this is fulfilled on the trade date. Any fixed amounts are recognized on the trade date and variable amounts are recognized to the extent it is probable that a significant revenue reversal will not occur once the uncertainty is resolved. {10}------------------------------------------------ # **Note 1 – Summary of Significant Accounting Policies (Distribution Fees continued)** For variable amounts, as the uncertainty is dependent on the value of the shares at future points in time as well as the length of time the investor remains in the fund, both of which are highly susceptible to factors outside the Company's influence, the Company does not believe that it can overcome this constraint until the market value of the fund and the investor activities are known, which are usually monthly or quarterly. Distribution fees recognized in the current period are primarily related to performance obligations that have been satisfied in prior periods. # *Estimates* The preparation of financial statements in accordance 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. ## *Income Taxes* The Company accounts for income taxes according to, FASB ASC 740-10-50 (formerly SFAS No. 109) and FIN 48, which require an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed annually for differences between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future, based on tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is recognized if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred asset will not be realized. Income tax expense is the tax payable or refundable for the period, plus or minus the change during the period in deferred tax assets and liabilities. The Company generally recognizes a 100% valuation allowance on any deferred tax assets because it is more likely than not the Company will not be able to use such deferred tax assets in the future. # *Fair Value of Financial Instruments* All of the Company's financial assets and liabilities are carried at market value or at amounts, which, because of their short-term nature, approximate current fair value. # **Note 2 – Net Capital Requirements** The Company is subject to the Securities and Exchange Commission's Uniform Net Capital Rule (Rule15c3- 1), which requires the maintenance of minimum net capital at amount equal to the greater of \$5,000 or 6 2/3% of aggregate indebtedness, and requires that the ratio of aggregate indebtedness to net capital not to exceed 15 to 1. At March 31, 2024, the Company had excess net capital of \$70,281 and a net capital ratio (aggregate of indebtedness to net capital) was 0.00 to 1. {11}------------------------------------------------ # **Note 3 – Related Party Transactions** All of the Company's revenue is generated from financial products sold by the stockholders of the Company. Commissions paid or accrued to these shareholders during the year ended March 31, 2024 totaled \$42,959. In January 2010, the Company entered into a lease agreement for office space from its stockholder. The lease is on a month to month basis. The Company paid \$6,000 for the year ended March 31, 2024. The Company additionally reimburses the stockholder for utilities and other expenses. There is nothing due the stockholder at March 31, 2024. The Company recognizes and measures its leases in accordance ASC 2016-02 Leases – (Topic 842). ASC 2016-02 requires the recognition of lease assets and lease liabilities on the balance sheet related to the rights and obligations created by lease agreements, including for those leases classified as operating leases under previous GAAP, along with disclosure of key information about leasing arrangements. The Company determines if an arrangement is a lease, contains a lease at the inception of a contract, and when the terms of an existing contract are changed. The Company has elected not to apply the recognition requirements of Topic 842 relating to its related party office lease and instead has elected to recognize the lease payments as lease costs on a straight-line basis over the lease term. The lease cost is \$6,000 and utility expenses of \$3,412 relating to the office lease for the year ended March 31, 2024. ## **Note 4 – Credit Losses** The Company follows ASC Topic 326, Financial Instruments – Credit Losses ("ASC 326"). ASC 326 impacts the impairment model for certain financial assets by requiring a current expected credit loss ("CECL") methodology to estimate expected credit losses over the entire life of the financial asset. Under the accounting update, the Company has the ability to determine that there are no expected credit losses in certain circumstances (e.g., based on the credit quality of the customer). The Company had accounts receivable as of March 31, 2023 and 2024 of \$4,512 and \$5,616 respectively. ### **Note 5 - Income Taxes** Income taxes when recorded are accounted for under the asset and liabilities method. For the year ended March 31, 2024, the Company did not record a provision for income taxes. The Company's tax year is December 31st and management expects there will be no taxable income. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and any operating loss carryforwards. At March 31, 2024, the Company has no reportable deferred tax assets, deferred tax liabilities, or net operating loss carryforwards. The Company's tax returns are subject to possible examination by the taxing authorities. The federal and state income tax returns of the Company for 2023, 2022 and 2021 are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed. {12}------------------------------------------------ # **Note 6 – Financial Instruments, Off-Balance Sheet Risks and Contingencies** The Company does not have deposits in banks in excess of the FDIC insured amount of \$250,000 at March 31, 2024. # **Note 7 - Commitments and Contingencies** The Company does not have any commitments or contingencies. # **Note 8 – Subsequent Events** The Company has evaluated subsequent events through the date the financial statements were available to be issued and has determined that the Company had no events occurring subsequent to March 31, 2024 requiring disclosure. {13}------------------------------------------------ #### **SCHEDULE I EURO-AMERICAN EQUITIES, INC. COMPUTATION OF NET CAPITAL PURSUANT TO SEC RULE 15c3-1 AND RECONCILIATION OF NET CAPITAL PURSUANT TO SEC RULE 17a-5(d)(4) AS OF MARCH 31, 2024** | Computation of basic net capital requirements:
Total stockholders' equity qualified for net capital | \$ 80,897 | |--------------------------------------------------------------------------------------------------------------------------------------------------|-----------| | Deductions:
Non-allowable assets | | | Accounts receivable | 5,616 | | Net capital before haircuts and securities positions | 75,281 | | Haircuts | - | | Net capital | 75,281 | | Minimum net capital requirements:
6 2/3% of total aggregate indebtedness (\$0)
Minimum dollar net capital for this broker-dealer (\$5,000) | | | Net capital requirement (greater of above two requirements) | 5,000 | | Excess net capital | \$ 70,281 | There were no material differences existing between the above computation and the computation Included in the Company's corresponding unaudited Form X-17A-5 Part IIA filing, as of March 31, 2024. Accordingly, no reconciliation is necessary. {14}------------------------------------------------ #### **SCHEDULE II EURO-AMERICAN EQUITIES, INC. COMPUTATION OF AGGREGATE INDEBTEDNESS UNDER RULE 17a-5 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF MARCH 31, 2024** **Total aggregate indebtedness:** Aggregate indebtedness \$ - **Ratio of aggregate indebtedness to net capital** 0.00% to 1 {15}------------------------------------------------ ### **SHEDULE III EURO-AMERICAN EQUITIES, INC. INFORMATION RELATING TO EXEMPTIVE PROVISION REQUIREMENTS UNDER SEC RULE 15c3-3 AS OF MARCH 31, 2024** With respect to the Computation for Determination of Reserve Requirements under Rule 15c3-3, the Company qualifies for an exemption under subparagraph (k) (1) of the Rule. With respect to the Information Relating to Possession and Control Requirements under Rule 15c3-3, the Company qualifies for an exemption under subparagraph (k) (1) of the Rule. {16}------------------------------------------------ ![](_page_16_Picture_0.jpeg) 100 E. Sybelia Ave., Suite 130 Maitland, FL 32751 Certified Public Accountants Email: pam@ohabco.com Telephone 407-740-7311 Fax 407-740-6441 # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Members of Euro-American Equities, Inc. We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) Euro-American Equities, Inc. identified the following provision of 17 C.F.R. §15c3-3(k) under which Euro-American Equities, Inc. claimed an exemption from 17 C.F.R. §240.15c3-3: (k)(1) (exemption provision) and (2) Euro-American Equities, Inc. stated that Euro-American Equities, Inc. met the identified exemption provision throughout the most recent fiscal year without exception. Euro-American Equities, Inc.'s management is responsible for compliance with the exemption provision 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 Euro-American Equities, INC.'s compliance with the exemption provision. 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 provision set forth in paragraph (k)(1) of Rule 15c3-3 under the Securities Exchange Act of 1934. Maitland, Florida May 31, 2024 {17}------------------------------------------------ 4327 Forest Avenue Mercer Island, WA 98040 USA • (206) 232-9290 #### **EXEMPTION REPORT** Euro-American Equities, Inc. {"Euro-American") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission Rule 17 C.F.R. §240.17a-5 (Reports to be made by certain brokers and dealers). This Exemption Report was prepared as required by the Rule 17 C.F.R. §240.17a-S(d)(1) and (4). To the best of its knowledge and belief, Euro-American states the following: - 1. Euro-American claimed an exemption from 17 C.F.R. §240.1Sc3-3 under the provisions of 17 C.F.R. §240.1Sc3-3(k)(1). - 2. Euro-American met the identified exemption provisions in 17 C.F.R. §240.1Sc3•3(k)(1) throughout the most recent fiscal year without exception. EURO-AMERICAN EQUITIES, INC. I, David Chenoweth, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. By: Title: CEO May 6, 2024 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.