# C2M SECURITIES, LLC X-17A-5 (2025-03-25) — Broker-dealer annual report
- Company: C2M SECURITIES, LLC
- Form: X-17A-5
- Filed: 2025-03-25
- Period: 2024-12-31
- Accession: 0000948396-25-000001
- CIK: 948396
- File #: 8-48466
- Type: Broker-dealer
- Material weakness: No
- Auditor: VICTOR MOKUOLU CPA PLLC
- Auditor location: Houston, TX
- Contact: GARY CUCCIA
- Phone: 732-713-9607
- Signed by: Victor MacLaughlin (CEO)
Original filing: https://www.sec.gov/Archives/edgar/data/948396/000094839625000001/1bsedgar.pdf.pdf
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C2M Securities, LLC
# Statement of Financial Condition
# Including Independent Registered Public Accountant's Report Thereon
As of December 31, 2024
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# C2M Securities, LLC
### FINANCIAL STATEMENTS, FORMX-17A-5, PART III, SUPPLEMENTAL INFORMATION, AND REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
#### DECEMBER 31 , 2024
#### CONTENTS
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1 |
|---------------------------------------------------------|---|
| FINANCIAL STATEMENTS | |
| Statement of Financial Condition | 2 |
| Notes to Financial Statements 3 - | 5 |
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# AUDITORS OPINION
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#### C2M SECURITIES, LLC
#### STATEMENT OF OPERATIONS
#### FOR THE YEAR ENDED DECEMBER 31, 2024
| REVENUES | |
|-------------------------------------------------------------------------------------|----------------|
| Commissions | \$
980 |
| TOTAL REVENUES | 980 |
| EXPENSES | |
| Write-off of uncollectable accounts receivable net of offsetting commission expenst | 2,588 |
| Brokerage, exchange and clearing fees | 4,009 |
| Technology | 3,553 |
| Regulatory fees | 23,210 |
| Professional fees | 93,500 |
| Other expense | 7,190 |
| TOTAL EXPENSES | 134,050 |
| Loss from Operations | (133,070) |
| Other Income/ Expense | |
| Other Income -
Legal settlement | 600,000 |
| Other Expense -
Commission expense related to legal settlement | (509,283) |
| | 90,717 |
| | |
| NET LOSS | \$
(42,353) |
The accompanying notes are an integral part of this fmancial statement.
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#### NOTE 1 ORGANIZATION AND NATURE OF BUSINESS
C2M Securities, LLC (the "Company") formerly known as Strategic Capital Investments, LLC, is registered as an introducing broker with the Financial Industry Regulatory Authority ("FINRA") and the Securities and Exchange Commission ("SEC") and is a wholly-owned subsidiary of Capital 2 Market Holdings, Inc. ("Holdings"). The Company was formerly organized in the state of Michigan pursuant to the Michigan Limited Liability Company Act as Strategic Capital Investments, LLC; it was owned in part by C2M Securities, LLC ("C2M l ") which was wholly owned by Holdings.
The Company has a contractual agreement with one clearing broker. In 2024 no transactions were conducted through the clearing broker. The clearing broker carries the accounts of the Company's customers on their books. There are no customer accounts at the clearing broker as of December 31 , 2024.
## NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES
#### Basis of presentation
The financial statements are presented on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America ("GAAP") as required by the SEC and FINRA.
#### Use of estimates in the preparation of financial statements.
The preparation of financial statements in conformity with GAAP 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 ofrevenues and expenses during the reporting period. Actual results could differ from those estimates.
#### Income Taxes
The Company is classified as a limited liability company and all taxes pass through to the member.
#### Cash and Cash Equivalents
The Company considers all liquid investments with original maturities of three months or less to be cash equivalents.
#### Accounts Receivable
Receivable balances are stated at net realizable value. An allowance for doubtful accounts is recorded, if appropriate, based upon the Company's assessment ofrelevant collectability factors, in accordance with ASC 326, Financial Instruments - Current Expected Credit
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#### NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Losses ("CECL"). This standard requires the immediate recognition of estimated credit losses expected over the life of applicable financial assets. There was no accounts receivable at December 21 , 2024.
The Company's CECL evaluation considers factors such as historical experience; credit quality; terms; balances; current and projected economic conditions; and other relevant collectability matters.
#### NOTE 3 - CONCENTRATION OF CREDIT RISK
The Company maintains cash balances at financial institutions whose accounts are insured by the Federal Deposit Insurance Corporation ("FDIC") up to statutory limits. The Company's cash balances may, at times, exceed statutory limits. The Company has not experienced any losses in such accounts, and management considers this to be a normal business risk.
#### NOTE 4 - RELATED PARTY TRANSACTIONS
Ther were no related party transactions in 2024.
#### NOTE 5 - NET CAPITAL REQUIREMENTS
The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-l), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. The rule of the "applicable" exchange also provides that equity capital may not be withdrawn if the resulting net capital ratio would exceed 10 to 1. At December 31, 2024, the Company had regulatory net capital of\$12,661 , which was \$7,661 in excess of its required minimum of \$5,000. The Company's percentage of aggregate indebtedness to net capital ratio was .67 to 1.
#### NOTE 6 - COMMITMENTS AND CONTINGENCIES
From time to time, the Company is named in legal actions and proceedings. These actions may seek substantial or indeterminate compensatory as well as punitive damages or injunctive relief. The Company is also subject to governmental or regulatory examinations or investigations. The examinations or investigations could result in adverse judgments, settlements, fines, injunctions, restitutions or other relief. The Company cannot predict the ultimate outcome of such matters. The financial statements include the necessary provisions for losses, if any, that the Company believes are probable and estimable. Furthermore, the Company evaluates whether there exists losses which may be reasonably possible and, if material, makes the necessary disclosures. Such amounts, both those that are probable and those that are reasonably possible, are not considered material to the Company's financial condition, operations, or cash flows.
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#### Note 7 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
The Company is subject to ongoing revisions to the GAAP standards in effect applicable to the preparation of its financial statements. The Company has either evaluated or is currently evaluating the impact of pending F ASB pronouncements. The Company believes that these future standards will not have a material impact on its financial statements.
The Financial Accounting Standards Bozard ("FASB") issued ASU 2023-07 on segment reporting effective for entities with fiscal years beginning after December 15, 2023.
# **Factors used to identify reportable segments and types of products and services from which reportable segment derives revenue**
The Company has two reportable segments: retail brokerage investment banking / investment advisory consulting services. The Company receives commission revenue from the retail brokerage segment for purchasing or selling securities or annuities on behalf of customers. The Company receives revenue for investment banking / investment advisory consulting services where the Company will receive a consulting fee for services performed or success fee for consummated transactions. In 2024 the Company had no revenue from investment banking / investment advisory consulting service The Company derives revenue primarily in North America.
#### NOTES-SUBSEQUENT EVENT
The Company evaluated transactions occurring after the year ended December 31 , 2024 through March 25, 2025, the date these financial statements were available for issuance and determined no events or transactions required disclosure.
#### NOTE 9 - FUTURE OPERATIONS
The Company incurred a loss for 2024 and was dependent on its Member for capital contributions for working capital and net capital. Management decided to focus resources on new technology development products that will enhance future revenue for the Company in 2024. The Member has represented that it has the means and intention to provide capital contributions as needed to ensure the Company's survival through at least one year subsequent to the date of the report of the independent registered public accounting firm. Management expects the Company to be a profitable business moving forward and the accompanying financial statements have been prepared on a goingconcern basis without adjustments for realization in the event that the Company ceases to continue as a going concern.
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Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.