# C2M SECURITIES, LLC X-17A-5/A (2025-04-01) — Broker-dealer annual report - Company: C2M SECURITIES, LLC - Form: X-17A-5/A - Filed: 2025-04-01 - Period: 2024-12-31 - Accession: 0000948396-25-000002 - 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/948396/000094839625000002/edgarbs10.pdf --- {0}------------------------------------------------ C2M Securities, LLC # Statement of Financial Condition # Including Independent Registered Public Accountant's Report Thereon As of December 31, 2024 {1}------------------------------------------------ # C2M Securities, LLC # FINANCIAL STATEMENTS, FORMX-17A-5, PART III, SUPPLEMENTAL INFORMATION, AND REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM DECEMBER 31 , 2024 ### CONTENTS #### PAGE | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1 | |---------------------------------------------------------|---| | FINANCIAL STATEMENTS | | | Statement of Financial Condition | 2 | | Notes to Financial Statements 3 - | 5 | {2}------------------------------------------------ #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To: Member C2M Securities, LLC #### **Report on the Audit of the Financial Statements** We have audited the statement of financial condition of C2M Securities, LLC (the "Company") as of December 31 , 2024, and the related notes to the financial statements (collectively referred to as the "financial statements"). In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of C2M Securities, LLC as of December 31 , 2024, in accordance 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 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. We have served as the Company's auditor since 2023. Houston, Texas, **PCAOB ID: 6771** March 25, 2025 {3}------------------------------------------------ # C2M SECURITIES, LLC # STATEMENT OF FINANCIAL CONDITION ### DECEMBER 31 , 2024 #### ASSETS | Cash and cash equivalents
Receivable from clearing broker | \$
11,511
9,650 | |--------------------------------------------------------------|-----------------------| | Prepaid expenses and other assets | 21 ,578 | | TOTAL ASSETS | \$
42,739 | | LIABILITIES AND MEMBER'S EQUITY | | | | | | LIABILITIES | | | Accrued expenses and other liabilities | \$
8,500 | | | | | TOTAL LIABILITIES | 8,500 | | | | | MEMBER'S EQUITY | 34,239 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | \$
42,739 | The accompanying notes are an integral part of this :financial statement. {4}------------------------------------------------ # C2M Securities, LLC Notes to Financial Statement December 31, 2024 # OTE 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 fonnerly 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 - SIG IFICANT 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 of revenues 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 {5}------------------------------------------------ # C2M Securities, LLC Notes to Financial Statement December 31, 2024 #### 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 sucb as historical experience; credit quality; terms; balances; current and projected economic conditions; and other relevant collectability matters. # NOTE 3 - CO CE TRATION 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 et Capital Rule (SEC Rule l 5c3-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 "applicalble>' 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, tbat 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. {6}------------------------------------------------ # C2M Securities, LLC Notes to Financial Statement December 31, 2024 ### 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 FASB 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. # NOTE8-SUBSEQUENTEVE T 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 OPERA TIO NS 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 accow1ting 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. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.