# MMA SECURITIES LLC X-17A-5 (2022-02-22) — Broker-dealer annual report - Company: MMA SECURITIES LLC - Form: X-17A-5 - Filed: 2022-02-22 - Period: 2021-12-31 - Accession: 0001049767-22-000001 - CIK: 1049767 - File #: 8-50591 - Type: Broker-dealer - Material weakness: No - Auditor: Deloitte & Touche LLP - Auditor location: New York, NY - Contact: Kim Blackmore - Phone: 201-284-4908 - Email: kim.blackmore@mmc.com - Website: mmc.com - Signed by: Kim Blackmore (Director, Financial and Operations Principal) Original filing: https://www.sec.gov/Archives/edgar/data/1049767/000104976722000001/mmas2021publicreport.pdf --- {0}------------------------------------------------ #### UNITED STATES SECURITIES AND EXCHANGE COMIM ISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Oct. 31, 2023 Estimated average burden hours per response: # ANNUAL REPORTS FORM X-17A-5 PARTIII PUBLIC | SCHLENUMBER | | | | |-------------|--|--|--| 8-50591 #### FACING PAGE 4024 | Internation result of the same to they the re, TTCTC, and Toget the gestimes Frances may 1704 | | | | | | | | |-------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------|-----------------|--------------------------------------------|--|--|--|--| | FILING FOR THE PERIOD BECINING | 1/1/2021 | AND ENDING | 12/31/2021 | | | | | | | MM/DD/YY | | MM/DD/YY | | | | | | A REC STRANT DENTIFCATION | | | | | | | | | NAMEOFARM: MMA Securities LLC | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
2 Broker-dealer
[ Check here if respondent is also an OTC derivatives dealer | [ Security-based swap dealer _ _ _ _ Major security-based swap participant | | | | | | | | ADDRESSOF PRINCIPAL PLACE OF BUSINESS (Do not use a P.O. box no.) | | | | | | | | | 1166 Avenue of the Americas | | | | | | | | | | (No. and Street) | | | | | | | | New York | New York | 10036 | | | | | | | (Oty) | (State) | | (Zip Oode) | | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | | Kim Blackmore | (201) 284-4908 | | kim.blackmore@mmc.com | | | | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | | | | | B ACCOUNTANT IDENTIFICATION | | | | | | | | INDEPENDENT PUBLICACCOUNTANT whose reports are contained in this filing*
Deloitte & Touche LLP | | | | | | | | | | (Name-if individual, state last, first, and middle name) | | | | | | | | 30 Rockefeller Plaza | New York | New York | 10112 | | | | | | (Address) | (Olty) | (State) | (Zip Code) | | | | | | 10/20/2003 | | 34 | | | | | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | | | | | * Taims for avemblion from the requirement that the annual renorts he reverted on independent public | FOR OFF CIALUSE ONLY | | | | | | | accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 OR240.17a-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 AFFIRM ATION I. Kim Blackmore swear (or affirm) that, to the best of my knowledge and belief, the as of financial report pertaining to the firm of MMA Securities LLC February 22 , 2022 , 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 dassified solely as that of a customer. Signature: Title: Director, Financial and Operations Principal Notary Public #### This filing\* \* contains (check all applicable boxes): - 2 (a) Statement of financial condition. - 2 (b) Notes to consolidated statement of financial condition. - [ (c) Statement of income (loss) or, if there is other comprehensive 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 daims of creditors. - 0 (g) Notes to consolidated financial statements. - [] (h) Computation of net capital under 17 CFR240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [ (i) Computation of tangible net worth under 17 OR240.18a-2. - [ (j) Computation for determination of customer reserve requirements pursuant to Edibit A to 17 CR240.15c3-3. - [] (k) Computation for determination of security-based swap reserve requirements pursuant to Edibit B to 17 OR240.15:3-3 or Exhibit A to 17 OR 240.18a-4, as applicable. - [ (1) Computation for Determination of PABRequirements under Exhibit A to § 240.15c3-3. - O (m) Information relating to possession or control requirements for customers under 17 CR240.15c3-3. - [ (n) Information relating to possession or control requirements for security-based swap customers under 17 OR 240.15c3-3(p)(2) or 17 OFR240.18a-4, as applicable. - O (o) Reconciliations, induding appropriate explanations, of the FOOUSReport with computation of net capital or tangible net worth under 17 OR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR240.18a-2, as applicable, and the reserve requirements under 17 OR240.15c3-3 or 17 OR 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. - 2 (q) Oath or affirmation in accordance with 17 CR240.17a-12, or 17 CR240.18a-7, as applicable. - [ (r) Compliance report in accordance with 17 CFR240.17a-5 or 17 CFR240.18a-7, as applicable. - [s) Exemption report in accordance with 17 CFR240.17a-5 or 17 CR240.18a7, as applicable. - (t) Independent public accountant sreport 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 CFR240.17a-5, 17 CFR240.18a-7, or 17 CFR240.17a-12, as applicable. - [ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 OFR240.17a-5 or 17 OFR240.18a-7, as applicable. - [ (w) Independent public accountant's report based on a review of the exemption report under 17 CR240.17a-5 or 17 OR240.18a-7, as applicable. - [ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CR240.17a-12, as applicable. - [ { } } Peport describing any material inadequades found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR240.17a-12(k). - □ (z) Other: CARL O LOHIER Notary Public - State of New Jersey My Commission Expires Mar 10, 2026 \*\* To request confidential treatment of certain portions of this filing, see 17 CFR240.17a-5(e)(3) or 17 CFR240.18a-7(d)(2), as applicable. {2}------------------------------------------------ MMA SECURITIES LLC (An Indirect Wholly-Owned Subsidiary of Marsh & McLennan Companies, Inc.) SEC ID No. 8-50591 # STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2021 AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM \* \*\*\* \*\* This report is filed pursuant to Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC document. {3}------------------------------------------------ # De1o Deloitte & Touche LL.P 30 Rockefeller Plaza • New York, NY 10112-0015 USA Tel: +1 212 492 4000 Fax: +1 212 489 1687 www.deloitte.com # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Directors and Equity Owner of MMA Securities LLC: # Opinion on the Financial Statement We have audited the accompanying statement of financial condition of MMA Securities LLC (the "Company") as of December 3 1, 2021, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2021, in conformity with accounting principles generally accepted in the United States of America. # Basis for Opinion The financial statement is the responsibility ofthe Company's management. Our responsibility is to express an opinion on this financial statement 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 statement is 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 statement, 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 statement. 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 statement. We believe that our audit of the financial statement provides a reasonable basis for our opinion. # Toi%e LLP February 22, 2022 We have served as the Company's auditor since 2015. {4}------------------------------------------------ # MMA SECURITIES LLC (an Indirect Wholly-Owned Subsidiary of Marsh & McLennan Companies, Inc.) #### STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021 #### ASSETS | C
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, | | 27 | Income Tax -The Company is treated as a disregarded entity for federal and state income tax purposes; therefore, the taxable income or loss from the Company's operations is allocated to the Company's member. Accordingly, no provision for federal and state income taxes has been made in the accompanying financial statement. #### 3. CONTRACT BALANCES FROM CONTRACTS WITH CUSTOMERS The timing of the Company's revenue recognition may differ from the timing of payment by its customers. The Company records receivables when revenue is recognized prior to payment and it has an unconditional right to payment. The changes in the receivables during the year are related to services invoiced, payment of invoices and adjustments for impairment of the receivable. Alternatively, when payment precedes the provision of the related services, the Company records deferred revenue until the performance obligations are satisfied. The Company had receivables related to revenue from customers of \$2,612,725 at December 31, 2021 and \$2,369,673 at January 1, 2021 in relation to investment advisory services billed not collected. The Company had deferred revenue of \$117,624 at December 31, 2021 and \$48,385 at January 1, 2021 in relation to investment advisory fees billed but the performance obligation has not been satisfied. #### 4. RELATED PARTY TRANSACTIONS As of December 31, 2021, the Company's receivable from affiliates balance of \$26,504,306 is primarily comprised of an interest bearing account. The Company transfers certain excess operating cash balances on its accounts with a third party bank to an interest bearing account with MMC for cash management purposes. The estimated fair value of the Company's receivable approximates its carrying value. As of December 31, 2021, the Company's payables to affiliates balance of \$3,880,842 primarily represent liabilities for services purchased as well accounts payable invoices and commissions payable to registered representatives paid by MMA on behalf of the Company. Payables to affiliates are settled on a monthly basis. #### 5. COMMITMENTS AND CONTINGENCIES The Company has no commitments and contingencies as of December 31, 2021. #### 6. NET CAPITAL REQUIREMENTS The Company is subject to the Uniform Net Capital Rule (Rule 15c3-l) under the Securities Exchange Act of 1934, which requires the maintenance of minimum net capital, as defined, 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, 2021, the Company had net capital of \$5,542,174 which was \$5,244,985 in excess of its required net capital requirement of \$297,189. The Company's aggregate indebtedness at December 31, 2021 was \$4,457,828. The Company's ratio of aggregate indebtedness to net capital was .80 to 1. > \*\*\*\*\*\* Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.