# MGO SECURITIES CORP. X-17A-5 (2026-03-20) — Broker-dealer annual report - Company: MGO SECURITIES CORP. - Form: X-17A-5 - Filed: 2026-03-20 - Period: 2025-12-31 - Accession: 0000933079-26-000003 - CIK: 933079 - File #: 8-47814 - Type: Broker-dealer - Material weakness: No - Auditor: Hobe & Lucas Certified Public Accountants, Inc - Auditor location: Independence, OH - Contact: Jeanine Solomon - Phone: 2166199810 - Email: jsolomon@mgo-inc.com - Website: mgo-inc.com - Signed by: Paul J Orchosky (Vice President) Original filing: https://www.sec.gov/Archives/edgar/data/933079/000093307926000003/20260320115616.pdf --- {0}------------------------------------------------ ## MGO SECURITIES CORP. #### FINANCIAL STATEMENTS #### DECEMBER 31, 2025 {1}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** | 0MB APPROVAL | |--------------------------| | 0MB Number: 3235-0123 | | Expires: Nov. 30, 2026 | | Estimated average burden | | hours per response: 12 | | SEC FILE NUMBER | 8-47814 MM/DD/YY ## **ANNUAL REPORTS FORM X-17A-5 PART** Ill **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 O 1/01/2025 | AND ENDING 12/31/2025 | |---------------------------------------------|-----------------------| | | | MM/DD/YY A. REGISTRANT IDENTIFICATION ## NAME oF FIRM: MGO Securities Corp TYPE OF REGISTRANT (check all applicable boxes): C!l Broker-dealer □ Security-based swap dealer D Check here if respondent is also an OTC derivatives dealer □ Major security-based swap participant ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) ## 24400 Chagrin Blvd. Ste 310 | | (No. and Street) | | | | | |--------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|--------------------------------------------|--|--| | Beachwood | OH | | 44122 | | | | (City) | (State) | | (Zip Code) | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Jeanine Solomon | 216.619.9810 | | jsolomon@mgo-inc.com | | | | (Name) | (Area Code-Telephone Number) | | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Hobe & Lucas Certified Public Accountants, Inc.
(Name- if individual, state last, first, and middle name) | | | | | | 6000 Freedome Square Dr. Suite 550 | lncependence | OH | 44131 | | | | (Address) | (City) | (State) | (Zip Code) | | | | 10/20/2023 | | 126 | | | | | (Date of Registration with ?CAOB)(if aoplicable) | | | (?CAOB Registration Number, if applicable) | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | \* Claims for exemption from the requirement that the annual reports be covered by the 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)(l)(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 0MB control number.** {2}------------------------------------------------ #### OATH OR AFFIRMATION | I, Paul J. Orchosky | | | | swear (or affirm) that, to the best of my knowledge and belief, the | | |----------------------------------------------------------------|----|-----------------------------------------------------------------------------------|--|---------------------------------------------------------------------|-------| | financial report pertaining to the firm of MGO Securities Corp | | | | | as of | | December 31 | 2~ | is true and correct. I further swear (or affirm) that neither the company nor any | | | | | | | | | | | **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.** **Signatu,e @4 /l Title: 'f---j** Vice President #### **This filing\*\* contains (check all applicable boxes):** - iii (a) Statement of financial condition. - D (b) Notes to consolidated statement offinancial condition. - iii (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). - I!! (d) Statement of cash flows. - I!! (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (f) Statement of changes in liabilities subordinated to claims of creditors. - I!! (g) Notes to consolidated financial statements. - I!! (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. - □ U) 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 240.1Sc3-3 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. - I!! (m) Information relating to possession or control requirements for customers under 17 CFR 240.1Sc3-3. - D {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.lBa-4, as applicable. - iii (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.lBa-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. - D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - ~ (q) Oath or affirmation in accordance with 17 CFR 240.17a0 5, 17 CFR 240.17a-12, or 17 CFR 240.lBa-7, as applicable. - D (r) Compliance report in accordance with 17 CFR 240.17a-S or 17 CFR 240.18a-7, as applicable. - D (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.lBa-7, as applicable. - D (t) Independent public accountant's report based on an examination of the-statement of financial condition. - iii (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.lBa-7, or 17 CFR 240.17a-12, as applicable. - D (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-S or 17 CFR 240.lBa-7, as applicable: - iii (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-S or 17 CFR 240.lBa-7, as applicable. - iii (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.1Sc3-1e or 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). - iii (z) Other: Copy of SIPC Supplemental Report - \*\*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. {3}------------------------------------------------ #### **MGO SECURITIES CORP. DECEMBER 31, 2025** #### **TABLE OF CONTENTS** | Report of Independent Registered Accounting Firm
1-2 | |-----------------------------------------------------------------------------------------| | Statement of Financial Condition | | December 31, 2025

3 | | Statement of Operations | | For the year ended December 31, 2025
4 | | Statement of Changes in Stockholder's Equity
For the year ended December 31, 2025 5 | | Statement of Cash Flows | | For the year ended December 31, 2025

6 | | Notes to the Financial Statements 7 -
10 | | Schedule I, II and III 12 -
Supplemental Information -
13 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) 6000 Freedom Square Drive, Suite 550 Independence, Ohio 44131 www.hobe.com Tel: (216) 524-8900 Fax: (216) 524-8777 ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Shareholder of MGO Securities Corp. ## **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of MGO Securities Corp. as of December 31, 2025, the related statements of operations, changes in member'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 MGO Securities Corp. 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 MGO Securities Corp.'s management. Our responsibility is to express an opinion on MGO Securities Corp.'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 MGO Securities Corp. 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. ![](_page_4_Picture_9.jpeg) {5}------------------------------------------------ #### **Auditor's Report on Supplemental Information** The Supplemental Schedules of Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities and Exchange Commission and Computation for Determination of Reserve Requirements and Information Relating to the Possession or Control Requirements Pursuant to Rule 15c3-3 of the Securities and Exchange Commission have been subjected to audit procedures performed in conjunction with the audit of MGO Securities Corp.'s financial statements. The supplemental information is the responsibility of MGO Securities Corp.'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 Schedules of Computation of Net Capital Pursuant to Rule 15c3-1 of the Securities and Exchange Commission and Computation for Determination of Reserve Requirements and Information Relating to the Possession or Control Requirements Pursuant to Rule 15c3-3 of the Securities and Exchange Commission are fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as MGO Securities Corp.'s auditor since 2012. Independence, Ohio March 5, 2026 {6}------------------------------------------------ #### **MGO SECURITIES CORP. STATEMENT OF F.INANCIAL CONDTTfON DECEMBER 31, 2025** #### **ASSETS** | Assets | | |------------------------|---------------| | Cash | \$
130,185 | | Commissions receivable | 51,977 | | Total Assets | \$
182,162 | #### **LIABILITlES AND STOCKHOLDER'S EQUITY** | Liabilities | | |-----------------------------------------------------|---------------| | A/P Nationwide | 2,040 | | Due to Parent | 90,255 | | Total Liabilities | \$
92,295 | | Stocld1older's Equity | | | Common stock, \$1 par value, 500 shares authorized, | | | 100 shares issued and outstanding | 100 | | Paid-in surplus | 9,900 | | Retained earnings | 79,867 | | Total Stockholder's Equity | 89,867 | | Total Liabilities and Stockholder's Equity | \$
182,162 | The accompanying notes are an integral part of these statements. {7}------------------------------------------------ #### **MGO SECURITIES CORP. STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31. 2025** | Revenue | | |------------------------------------|---------------| | Commission Income | \$
148,009 | | Mutual Fund and 12b-1 Fees | 825,950 | | Total Revenue | \$
973,959 | | Expenses | | | Employee compensation and benefits | 191,867 | | Occupancy | 7,327 | | Other expenses | 82,953 | | Total Expenses | \$
282,147 | | | | | Net Income | \$
691,812 | The accompanying notes are an integral part of these statements. -4- {8}------------------------------------------------ #### **MGO SECURITIES CORP. STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2025** | | Common
Stock | Paid-In
Surplus | Retained
Earnings | |----------------------------------------|-----------------|--------------------|------------------------| | Balance - December 31, 2024 | \$
100 | \$
9,900 | \$
======
79,867 | | Net income | | | 691,812 | | Distributions/Dividends paid to parent | | | (691,812) | | Balance - December 31, 2025 | \$
100 | \$
9,900 | =\$===7=9'=86=7= | The accompanying notes are an integral part of these statements. {9}------------------------------------------------ #### **MGO SECURITIES CORP. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2025** | Cash Flows From Operating Activities | | |--------------------------------------------------------------------------------------|---------------| | Net income (loss) | \$
691,812 | | Adjustments to reconcile net income to net cash provided by operating
activities: | | | (Increase) decrease in commissions receivable | (3,599) | | Increase (decrease) in A/P Nationwide | 2,040 | | Increase (decrease) in payables to parent | 5,487 | | Net Cash Provided by Operating Activities | 695,740 | | Cash Flows From Financing Activities | | | Distributions/Dividends paid to parent | {691,812} | | Net Cash Used in Financing Activities | (691,812) | | Net Increase (Decrease) in Cash | 3,928 | | Cash at Beginning of Year | 126,257 | | Cash at End of Y car | \$
130.185 | The accompanying notes are an integral part of these statements. {10}------------------------------------------------ ## **NOTE 1 - ORGANIZATION** MGO Securities Corp. (the Company), a wholly-owned subsidiary of Moskal Gross Orchosky, Inc. (the Parent), is an introducing broker dealer registered with the Securities and Exchange Commission (SEC). The Company was incorporated on October 6, 1994. The Company is a member of the Financial Industry Regulatory Authority (FINRA) specializing in selling investment securities and is registered in various states. The Company does not take custody of any securities, nor does it trade on its own account. The Company's current activities include the purchasing and redeeming of mutual funds and variable life insurance and annuities for customers. In many cases orders with the mutual funds and/or life insurance companies are placed in the customer's names, the shares or units are held by the funds' or insurance company's custodians, and the Company's only financial involvement is through receipt of commissions from the mutual fund or insurance company. ## **NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** ## **Basis of Accounting** The Company prepares its financial statements on the accrual basis of accounting. ## **Accounting Estimates** The preparation 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. #### **Income Taxes** The Company is a member of an affiliated group, along with its parent company, Moskal Gross Orchosky, Inc., which has elected to file a consolidated federal income tax return. The consolidated return is prepared on the cash method of accounting and income taxes are paid on the consolidated income tax return. Effective January 1, 2023, the Company and Parent converted from filing as a C-Corp to an S-Corp. There is no income tax provision for 2025. The financial statements reflect only the Company's tax positions that meet a "more likely than not" standard that, based on their technical merits, have a more than 50 percent likelihood of being sustained upon examination. The Company did not recognize any interest or penalties on uncertain tax positions on the balance sheet for the period ended December 31, 2025. Company management has determined that no reasonably possible changes will be made over the next 12 months regarding their tax positions. Reporting periods ending December 31, 2022, December 31 , 2023, December 31, 2024 and December 31, 2025 are subject to examination by major taxing authorities. {11}------------------------------------------------ ## **NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)** #### **Cash** Currently, all monies are held in a checking account. #### **Commissions Receivable** Commissions receivable represent fees not yet received on brokered transactions. Commissions receivable were \$48,378 at 12/31/2024 and \$51,977 at 12/31/2025. An allowance for credit losses is not considered necessary as management believes all balances are collectible. ## **Concentration of Credit Risk** Approximately ninety-eight percent (98%) of the Company's total revenue is generated through trades with one family of investment programs. However, alternative fund families exist which would not put the Company's revenue at risk. ## **NOTE 3 - RELATED PARTY TRANSACTIONS** The Company has entered into a formal expense sharing agreement with the Parent. The agreement provides that certain non-regulatory expenses, such as salaries, rent and utilities, be paid by the Parent on behalf of the Company. Amounts are paid to the Parent to reimburse these expenses and totaled \$254,584 in 2025. On May 5, 2022, the Parent consummated a transaction whereby it transferred its Assets and Operations (excluding the Company) to a new entity MGO/OS Holdings LLC. Simultaneously, the Company entered into a Services and Revenue Assignment Agreement, with MGO/OS Holdings LLC, for certain related support services, with compensation being all income, cash, property and/or other amounts received by the Company. At 12/31/2025, \$90,255 was due to the Parent. {12}------------------------------------------------ #### **NOTE 4 - NET CAPITAL PROVISION OF RULE 15c3-1** The Company is subject to the Securities and Exchange Commission (SEC) uniform net capital rule (Rule 15c3-1) which requires the maintenance of minimum net capital of \$5,000 and requires that the ratio of aggregate indebtedness to net capital, as defined, shall not exceed 15 to 1. At December 31, 2025, MGO Securities Corp. had net capital of \$38,420 which was in excess of its required net capital by \$32,267. MGO Securities Corp.'s ratio of aggregate indebtedness to net capital was 2.40 to 1. #### **NOTE 5 - EXEMPTION FROM RULE 15c3-3** The Company acts as an introducing broker dealer, promptly transmitting all funds and delivering all securities received in connection with its activities as a broker or dealer and does not otherwise hold funds or securities for or owe money or securities to customers. The Company operates under Section (k)(l) of Rule 15c3-3 of the Securities Exchange Act of 1934 and is therefore exempt from the requirements of Rule 15c3-3. #### **NOTE 6 - CONTINGENCIES** The Company is not contingently liable on any contracts or obligations. ## **NOTE 7 - CONCENTRATION OF CREDIT RISK** The Company maintains cash in financial institutions which, time to time, may exceed federally insured limits. #### **NOTE 8 - LITIGATION** The Company is not currently a defendant in any litigation. Furthermore, the company is not aware of any situation which would result in litigation. ## **NOTE 9 - REVENUE FROM CONTRACTS WITH CUSTOMERS** The Company sells investment products to its clients and considers the sale as a single performance obligation to the product sponsor. {13}------------------------------------------------ #### **NOTE 9 - REVENUE FROM CONTRACTS WITH CUSTOMERS (Continued)** Revenue from contracts with customers is comprised of commissions and fees. Revenue from commissions is generated in two ways: sales-based commission revenue that is recognized at the point of sale on the trade date and trailing commission revenue that is recognized over time as earned. Sales-based commission revenue varies by investment product and is based on a percentage of an investment product's current market value at the time of purchase. Trailing commission revenue is generally based on a percentage of the current market value of clients' investment holdings in trail-eligible assets and is recognized over the period during which services are performed. As trailing commission revenue is based on the market value of clients' investment holdings, this variable consideration is indeterminable until the market value is established. #### **NOTE 10 - SEGMENT REPORTING** The Company is engaged in a single line of business as a securities broker dealer. The Company has identified its Chief Operating Officer and the finance department management as the chief operating decision maker ("CODM"), who uses annual comparative net income to evaluate the results of the business and uses functional roles to manage the Company. Additionally, the CODM uses excess net capital (see Note 4), 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 accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. The financial statements represent the entirety of the Company's operating segment. #### **NOTE 11 - SUBSEQUENT EVENTS** The Company has evaluated all subsequent events through March 6, 2026, the available date of issuance of the financial statements. {14}------------------------------------------------ #### SUPPLEMENTAL INFORMATION ## PURSUANT TO RULE 17a-5 OF THE SECURITIES EXCHANGE ACT OF 1934 #### DECEMBER 31, 2025 {15}------------------------------------------------ #### **Schedule** I **MGO SECURITIES CORP. COMPUTATION OF NET CAPITAL PURSUANT TO RULE 15c3-l OF THE SECURITIES AND EXCHANGE COMMISSION DECEMBER 31, 2025** | | 2025 | | |-------------------------------------------------------------------------------------------------------|------|-----------| | ct Capital
Total shareholder's equity from statement of financial condition | \$ | 89,867 | | Less: Non-allowable assets: | | (51,447) | | Net Capital/(Dcficicncy) | \$ | 38,420 | | Computation of Aggregate Indebtedness -
Total Liabilities from
Statement of Financial Condition | \$ | 92,295 | | Computation of Basic Net Capital Requirement -
6-2/3% of
Aggregate Indebtedness | \$ | 6,153 | | Minimum Required Net Capital | \$ | 5,000 | | Net Capital Requirement | \$ | 6,153 | | Excess Net Capital | \$ | 32,267 | | Ratio of Aggregate Indebtedness to Net Capital | | 2.40 to 1 | The accompanying notes are an integral part of these statements. -12- {16}------------------------------------------------ ## **MGO SECURITIES CORP. COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS AND INFORMATION RELATING TO POSSESSION OR CONTROL REQUIREMENTS PURSUANT TO RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION DECEMBER 31, 2025** A reconciliation of the computation of net capital under Rule 15c3-1 as included in the Company's unaudited Form X-17a-5 as of December 31, 2025, filed with the Securities and Exchange Commission and the amount included in the accompanying Schedule I computation is not required as there were no material differences. The Company is not required to present the schedule "Computation for Determination of Reserve Requirements under Rule 15c3-3" and "Information for Possession or Control Requirements under Rule 15c3-3" as it meets the exemptive provisions of Rule 15c3-3, under Section (k)(l) of the Rule. {17}------------------------------------------------ SIPC-7 37 REV 0722 #### **GENERALASSESSMENTFORM** For the fiscal year ended 12/31/2025 | | Determination of "SIPC NET Operating Revenues" and General Assessment for:
MEMBER NAME | SEC No. | | |---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------|----------------| | | MGO SECURITIES CORP
1/1/2025
and ending
For the fiscal period beginning | 8-47814
12/31/2025 | | | | | | | | 1 | Total Revenue (FOCUS Report - Statement of Income (Loss)- Code 4030) | | \$ 973.,988.00 | | 2 | Additions: | | | | | a Total revenues from the securities business of subsidiaries (except foreign
subsidiaries) and predecessors not included above. | | | | | b Net loss from principal transactions in securities in trading accounts. | | | | | c Net loss from principal transactions in commodities in trading accounts. | | | | | d Interest and dividend expense deducted in determining item 1. | | | | | e Net loss from management of or participation in the underwriting or
distribution of securities. | | | | | f Expenses other than advertising, printing, registration fees and legal fees
deducted in determining net profit management of or participation in
underwriting or distribution of securities. | | | | | g Net loss from securities in investment accounts. | | | | | h Add lines 2a through 2g. This is your total additions. | | \$ 0.00 | | 3 | Add lines 1 and 2h | | \$973,988.00 | | 4 | Deductions: | | | | | a Revenues from the distribution of shares of a registered open end investment
company or unit investment trust, from the sale of variable annuities, from the
business of insurance, from investment advisory services rendered to
registered investment companies or insurance company separate accounts
and from transactions in security futures products. | | | | | b Revenues from commodity transactions. | | | | | c Commissions, floor brokerage and clearance paid to other SIPC members
in connection with securities transactions. | | | | | d Reimbursements for postage in connection with proxy solicitations. | | | | | e Net gain from securities in investment accounts. | | | | | f 100% commissions and markups earned from transactions in (I) certificates
of deposit and (ii) Treasury bills, bankers acceptances or commercial paper
that mature nine months or less from issuance date. | | | | | g Direct expenses of printing, advertising, and legal fees incurred in connection
with other revenue related to the securities business (revenue defined by
Section 16(9)(L) of the Act). | | | | | h Other revenue not related either directly or indirectly to the securities business.
Deductions in excess of \$100,000 require documentation | | | | 5 | a Total interest and dividend expense (FOCUS Report - Statement
of Income (Loss)- Code 4075 plus line 2d above) but
not in excess of total interest and dividend income | | | | | b 40% of margin interest earned on customers securities accounts
(40% of FOCUS Report - Statement of Income (Loss)-
Code 3960) | | | | | c Enter the greater of line 5a or 5b | \$0.00 | | | 6 | Add lines 4a through 4h and 5c. This is your total deductions. | | \$ 0.00 | {18}------------------------------------------------ | SIPC-7 | | |--------|-------------| | | 37 REV 0722 | #### SECURITIES INVESTOR PROTECTION CORPORATION #### **GENERALASSESSMENTFORM** For the fiscal year ended 12/31/2025 | 7 | | | Subtract line 6 from line 3. This is your SIPC Net Operating Revenues. | | | \$ 973,988.00 | |------------------------------------------------------|--|--------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|-------------------------------------------|-----------------------| | 8 | | | Multiply line 7 by .0015. This is your General Assessment. | | | \$1,460.00 | | 9 | | Current overpayment/credit balance, if any | | | | \$ 0.00 | | 10 | | | General assessment from last tiled 2025 SIPC-6 or 6A | | \$ 657.00 | | | 11 | | b Any other overpayments applied
d Add lines 11a through 11c | a Overpayment(s) applied on all 2025 SIPC-6 and 6A(s)
c All payments applied for 2025 SIPC-6 and 6A(s) | \$ 0.00
\$ 0.00 | \$ 657.00 | | | 12 | | LESSER of line 10 or 11d. | | | | \$ 657.00 | | | | 13 a Amount from line 8
b Amount from line 9
c Amount from line 12 | d Subtract lines 13b and 13c from 13a. This is your assessment balance due. | | \$1,460.00
\$ 0.00
\$ 657.00 | \$ 803.00 | | 14 | | Interest (see instructions) for | O
days late at 20% per annum | | | \$ 0.00 | | | | | | | | | | 15 | | | !Amount you owe SIPC. Add lines 13d and 14. | | | \$ 803.ool
\$ 0.00 | | 16 | | | Overpayment/credit carried forward (if applicable) | | | | | SEC No.
8-47814
MEMBER NAME
MAILING ADDRESS | | | Designated Examining Authority
DEA: FINRA
MGO SECURITIES CORP
24400 CHAGRIN BLVD STE 310
BEACHWOOD, OH 44122-5632 | FYE
2025 | Month
Dec | | | | | | Subsidiaries (S) and predecessors (P) included in the form (give name and SEC number) | | | | | | | | By checking this box, you certify that you have the authority of the SIPC member to sign this
form; that all information in this form is true and complete; and that on behalf of the SIPC
member, you are authorized, and do hereby consent, to the storage and handling by SIPC of
the data in accordance with SIPC's Privacy Policy
MGO SECURITIES CORP
(Name of SIPC Member) | | Jeanine Solomon
(Authorized Signatory) | | | | | | 2/6/2026 | | jsolomon@mgo-inc.com | | (Date) Completion of the "Authorized Signatory" line will be deemed a signature. **This form and the assessment payment are due 60 days after the end of the fiscal year.** (e-mail address) {19}------------------------------------------------ #### MGO SECURITIES CORP. #### AGREED-UPON PROCEDURES #### DECEMBER 31, 2025 {20}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** 0MB APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 ## **ANNUAL REPORTS FORM X-17A-5 PART** Ill | hours per response: 12 | | | | |------------------------|-----------------|--|--| | | SEC FILE NUMBER | | | | | 8-47814 | | | **FACING PAGE** **Information Required Pursuant to Rules 17a-5, 17a-12, and lSa-7 under** the **Securities Exchange Act of 1934** | FILING FOR THE PERIOD BEGINNING O 1/01/2025 | | AND ENDING 12/31/2025 | |---------------------------------------------|----------|-----------------------| | | MM/DD/YY | MM/DD/YY | MM/DD/YY A. REGISTRANT IDENTIFICATION ## NAME oF FIRM: MGO Securities Corp TYPE OF REGISTRANT {check all applicable boxes): C!J Broker-dealer D Security-based swap dealer D Major security-based swap participant D Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: {Do not use a P.O. box no.) ## 24400 Chagrin Blvd. Ste 310 | {No. and Street) | | | | |----------------------------------------------|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--| | OH | | 44122 | | | (State) | | {Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | jsolomon@mgo-inc.com | | | {Area Code - Telephone Number) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | | | | | | | | 6000 Freedom Square Dr. Suite 550 | OH | 44131 | | | {City) | {State) | (Zip Code) | | | | | | | | | | | | | of R,g;stcatioo w;th PCAOB)Uf applkablol | | {PCAOB R,gistr.,t;oo N=b", if applkablol | | | | 216.619.9810 | {Email Address)
INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Hobe & Lucas Certified Public Accountants, Inc.
(Name-if individual, state last, first, and middle name)
Independence
126 | | • Claims for exemption from the requirement that the annual reports be covered by the 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-S(e)(l){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 0MB control number. {21}------------------------------------------------ #### OATH OR AFFIRMATION | I, PaulJ.Orchosky | | | swear (or affirm) that, to the best of my knowledge and belief, the | | |----------------------------------------------------------------|----|--|-----------------------------------------------------------------------------------|-------| | financial report pertaining to the firm of MGO Securities Corp | | | | as of | | December 31 | 2~ | | is true and correct. I further swear (or affirm) that neither the company nor any | | 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. **Signatu,e@h** Title: Vice President #### **This filing\*\* contains (check all applicable boxes):** - D (a) Statement offinancial condition. - D (b) Notes to consolidated statement of financial condition. - D (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 (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. - □ U) 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. - D (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - D (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. - D (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. - D (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-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - D (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. - D (t) Independent public accountant's report based on an examination of the statement of financial condition. - D {u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-S, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - D {v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-S or 17 CFR 240.18a-7, as applicable. - D (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. - I!! (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable. - D (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). - ~ (z) Other: Copy of SIPC Supplemental Report - \*\*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. {22}------------------------------------------------ ## MGO SECURITIES CORP. DECEMBER 31, 2025 ## TABLE OF CONTENTS | Independent Auditors' Report on Applying Agreed-Upon | | |-----------------------------------------------------------------------|--| | Procedures Related to an Entity's SIPC Assessment Reconciliation 1-2 | | | Form SIPC-7 3-4 | | {23}------------------------------------------------ 6000 Freedom Square Drive, Suite 550 Independence, Ohio 44131 www.hobe.com Tel: (216) 524-8900 Fax: (2 I 6) 524-8777 ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES** Board of Directors ofMGO Securities Corp. We have performed the procedures included in Rule l 7a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection Corporation (SIPC) Series 600 Rules, which are enumerated below on the accompanying General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2025. Management of MGO Securities Corp. (the Company) is responsible for its Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7. Management of the Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting you and SIPC in evaluating the Company's compliance with the applicable instructions on Form SIPC-7 for the year ended December 31, 2025. Additionally, SIPC has agreed to and acknowledged that the procedures performed are appropriate for their intended purpose. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures we performed and the associated findings are as follows: 1. Compared the listed assessment payments in Form SPIC-7 with respective cash disbursement records entries, noting no differences; 2. Compared the Total Revenue amount reported on the Annual Audited Report Form X-17A-5 Part III for the year ended December 31, 2025 with the Total Revenue amount reported in Form SIPC-7 for the year ended December 31, 2025, noting no material differences; 3. Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences; 4. Recalculated the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences; and 5. Not applicable - there is no overpayment. ![](_page_23_Picture_11.jpeg) {24}------------------------------------------------ We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the AICPA and in accordance with the standards of the Public Company Accounting Oversight Board (United States). We were not engaged to and did not conduct an examination or a review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the Company's Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7 for the year ended December 31, 2025. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement. This report is intended solely for the information and use of the Company and SIPC and is not intended to be and should not be used by anyone other than these specified parties. Independence, Ohio March 5, 2026 {25}------------------------------------------------ #### SECURITIES INVESTOR PROTECTION CORPORATION #### **GENERALASSESSMENTFORM** For the fiscal year ended 12/31/2025 | | Determination of "SIPC NET Operating Revenues" and General Assessment for. | | |---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------| | | MEMBER NAME
SEC No. | | | | MGO SECURITIES CORP
8-47814 | | | | 1/1/2025
For the fiscal period beginning
and ending
12/31/2025 | | | 1 | Total Revenue (FOCUS Report - Statement of Income (Loss)- Code 4030) | \$ 973,988.00 | | 2 | Additions: | | | | a Total revenues from the securities business of subsidiaries (except foreign
subsidiaries) and predecessors not included above. | | | | b Net loss from principal transactions in securities in trading accounts. | | | | c Net loss from principal transactions in commodities in trading accounts. | | | | d Interest and dividend expense deducted in determining item 1. | | | | e Net loss from management of or participation in the underwriting or
distribution of securities. | | | | f Expenses other than advertising, printing, registration fees and legal fees
deducted in determining net profit management of or participation in
underwriting or distribution of securities. | | | | g Net loss from securities in investment accounts. | | | | h Add lines 2a through 2g. This is your total additions. | \$ 0.00 | | 3 | Add lines 1 and 2h | \$ 973,988.00 | | 4 | Deductions: | | | | a Revenues from the distribution of shares of a registered open end investment
company or unit investment trust, from the sale of variable annuities, from the
business of insurance, from investment advisory services rendered to
registered investment companies or insurance company separate accounts
and from transactions in security futures products. | | | | b Revenues from commodity transactions. | | | | c Commissions, floor brokerage and clearance paid to other SIPC members
in connection with securities transactions. | | | | d Reimbursements for postage in connection with proxy solicitations. | | | | e Net gain from securities in investment accounts. | | | | f 100% commissions and markups earned from transactions in (I) certificates
of deposit and (ii) Treasury bills, bankers acceptances or commercial paper
that mature nine months or less from issuance date. | | | | g Direct expenses of printing, advertising, and legal fees incurred in connection
with other revenue related to the securities business (revenue defined by
Section 16(9)(L) of the Act). | | | | h Other revenue not related either directly or indirectly to the securities business.
Deductions in excess of \$100,000 require documentation | | | 5 | a Total interest and dividend expense (FOCUS Report - Statement
of Income (Loss)- Code 4075 plus line 2d above) but
not in excess of total interest and dividend income | | | | b 40% of margin interest earned on customers securities accounts
(40% of FOCUS Report- Statement of Income (Loss)-
Code 3960) | | | | c Enter the greater of line 5a or 5b | \$ 0.00 | | 6 | Add lines 4a through 4h and 5c. This is your total deductions. | \$ 0.00 | {26}------------------------------------------------ SIPC-7 37 REV0722 #### SECURITIES INVESTOR PROTECTION CORPORATION #### **GENERALASSESSMENTFORM** For the fiscal year ended 12/31/2025 | 7 | | Subtract line 6 from line 3. This is your SIPC Net Operating Revenues. | | | \$ 973,988.00 | |-------------------------|--------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|-------------------------------------|---------------| | 8 | Multiply line 7 by .0015. This is your General Assessment. | | | | | | 9 | Current overpayment/credit balance, if any | | \$ 0.00 | | | | 10 | | General assessment from last filed 2025. SIPC-6 or 6A | | \$ 657.00 | | | 11 | b Any other overpayments applied
d Add lines 11a through 11c | a Overpayment(s) applied on all 2025 SIPC-6 and 6A(s)
c All payments applied for 2025 SIPC-6 and 6A(s) | \$0.00
\$ 0.00
\$ 657.00 | \$ 657.00 | | | 12 | LESSER of line 10 or 11d. | | | | \$ 657.00 | | | 13 a Amount from line 8
b Amount from line 9
c Amount from line 12 | | | \$1 ,460.00
\$ 0.00
\$ 657.00 | | | | | d Subtract lines 13b and 13c from 13a. This is your assessment balance due. | | | \$ 803.00 | | 14 | Interest (see instructions) for | days late at 20% per annum
O | | | \$ 0.00 | | 15 | | !Amount you owe SIPC. Add lines 13d and 14. | | | \$ 803.ool | | 16 | | Overpayment/credit carried forward (if applicable) | | | \$ 0.00 | | SEC No.
1
8-47814 | MEMBER NAME
MAILING ADDRESS | Designated Examining Authority
DEA: FINRA
MGO SECURITIES CORP
24400 CHAGRIN BLVD STE 310
,BEACHWOOD, OH 44122-5632 | FYE
2025 | Month
Dec | | | | | Subsidiaries (S) and predecessors (P) included in the form (give name and SEC number)
By checking this box, you certify that you have the authority of the SIPC member to sign this
form ; that all information in this form is true and complete; and that on behalf of the SIPC
member, you are authorized, and do hereby consent, to the storage and handling by SIPC of
the data in accordance with SIPC's Privacy Policy | | | | | MGO SECURITIES CORP | Jeanine Solomon | |-----------------------|------------------------| | (Name of SIPC Member) | (Authorized Signatory) | | 2/6/2026 | jsolomon@mgo-inc.com | | (Date) | (e-mail address) | Completion of the "Authorized Signatory" line will be deemed a signature. **This form and the assessment payment are due 60 days after the end of the fiscal year.** {27}------------------------------------------------ #### MGO SECURITIES CORP. ## STATEMENT OF EXEMPTION PURSUANT TO RULE 15C3-3 ### DECEMBER 31, 2025 {28}------------------------------------------------ 6000 Freedom Square Drive. Suite 550 Tel: (216) 524-8900 Independence, Ohio 44 I 31 Fax: (216) 524-8777 www.hobe.com ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To The Board of Directors MGO Securities Corp. Beachwood, Ohio We have reviewed management's statements, included in the accompanying Statement of Exemption Pursuant to Rule 15c3-3, in which (1) MGO Securities Corp. identified the following provisions of 17 C.F .R. § l 5c3-3(k) under which MGO Securities Corp. claimed an exemption from 17 C.F .R. §240.15c3-3(k)(l) (the "exemption provisions") and (2) MGO Securities Corp. stated that MGO Securities Corp. met the identified exemption provisions throughout the most recent fiscal year without exception. MGO Securities Corp.'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 MGO Securities Corp.'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)(l) of Rule 15c3-3 under the Securities Exchange Act of 1934. 1~0~ ~ *VtAllU* ? *CJ* r-hhed ~6l1r, Acc-0 ui't/z;1 ~1~ Independence, Ohio March 5, 2026 ![](_page_28_Picture_9.jpeg) {29}------------------------------------------------ # **MGO SECURITIES CORP. EXEMPTION REPORT** #### **DECEMBER 31, 2025** MGO Securities Corp. (the "Company") is a registered broker-dealer subject to Rule 17a-5 of the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. §240.17a-5( d)(l) 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): (1) Limited Business (mutual funds and/or variable annuities only). - (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. MGO Securities Corp. I, Paul J. Orchosky, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. Vice President ornp liance Officer February 27, 2026 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.