# BCS AMERICAS, INC. X-17A-5 (2023-03-27) — Broker-dealer annual report - Company: BCS AMERICAS, INC. - Form: X-17A-5 - Filed: 2023-03-27 - Period: 2022-12-31 - Accession: 0001091484-23-000005 - CIK: 1091484 - File #: 8-51950 - Type: Broker-dealer - Material weakness: No - Auditor: Michael Coglianese CPA - Auditor location: Bloomingdale, IL - Contact: Douglas Colombo - Phone: 212 421 7500 - Email: douglas.colombo@bcsgm.com - Website: bcsgm.com - Signed by: Michael Healy (Chief Executive Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1091484/000109148423000005/bcspublic.pdf --- {0}------------------------------------------------ # BCS AMERICAS, INC. STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2022 {1}------------------------------------------------ ### UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Oct. 31, 2023 Estimated average burden hours per response: 12 sec file number 8-51950 # ANNUAL REPORTS FORM X-17A-5 PART III FACING PAGE | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | |-----------------------------------------------------------------------------------------------------------|--|--| |-----------------------------------------------------------------------------------------------------------|--|--| | " ING FOR THE PERIOD BEGINNING | | AND ENDING 12/31/2022 | | |--------------------------------|----------|-----------------------|--| | | MM/DD/YY | MM/DD/YY | | ### A. REGISTRANT IDENTIFICATION ### BCS Americas, Inc. NAME OF FIRM: TYPE OF REGISTRANT (check all applicable boxes): ■ Broker-dealer □ 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.) # 230 Park Avenue | | (No. and Street) | | | |--------------------------------------------------|-------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------| | | NY | | 10169 | | | (State) | | (Zip Code) | | | | | | | | | Douglas.Colombo@bcsgm.com | | | | | (Email Address) | | | | | | | | | | | | | | | | | | | 125 E. Lake Street, Ste 303 Bloomingdale | | 60108 | | | (City) | (State) | (Zip Code) | | | | 3874 | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING
212-421-7500
(Area Code - Telephone Number)
Michael Coglianese CPA
(Name - if individual, state last, first, and middle name) | B. ACCOUNTANT IDENTIFICATION
INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | \* 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. {2}------------------------------------------------ ### OATH OR AFFIRMATION | Michael Healy | | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------| | financial report pertaining to the firm of BCS Americas, Inc. | swear (or affirm) that, to the best of my knowledge and belief, the | | 12/31 | , as of
, 2 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 classified solely | | | as that of a customer. | | | | | | | | | | | | | litle: | | | Cheif Executive Officer | | | | | Notary Public | ROGER SEEBALD | | | Notary Public, State of New York | | This filing** contains (check all applicable boxes): | No. 01SE6235849
Qualified in Suffolk County | | (a) Statement of financial condition. | Commission Expires February 14, 20_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 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. | | | | | | □ (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. | | | [1) 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-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-5, 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. | | | | | | (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. | | - [ 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 CFR 240.18a-7, as applicable. - C - l [ V ] 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 inadequacie a statement that no material inadequacies exist, under 17 CFR 240 17a-12 (k). [ (z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ - - \* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17o-5le)(3) or 17 CFR 240 18o-7(d)(2), as opplicable. {3}------------------------------------------------ # BCS AMERICAS, INC. # DECEMBER 31, 2022 # TABLE OF CONTENTS | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|--| | | | | Statement of Financial Condition
| | | Notes to Statement of Financial Condition | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### ### = >??@ ? !"#\$%&"'()\*+,("#,&-\*#".'/0123456789:;7< ABCD6D774E;F6;84;//6;;76G7;D66;/0123456789:;7<8/H74I5 J9KLKK9;D5GD;8M7GG76BGF5/55D8/6;;76G84;N<:;C5E6;6;9 84;//6;;76G7;D66;E58;8/65GF96;GG456G58E789/6;;76GE866;/012 3456789:;7<8/H74I5J9KLKK6;7;/546FO677C;6;E56;76EG8;5GGF77ED6; P;6D28/34567< ### Q? = 68/6;;76G84;6858E;86I6G6F/0123456789:;7<.'R()(S#R#)%TUV""#'W&)'!X!-!%Y!'%& ZE588;E6;6;;0123456789:;7<.'[!)()\$!(-'%(%#R#)%X('#\*&)C5CD6Due from clearing organizations
Commissions receivable
Fixed assets, net of accumulated depreciation of \$67,163
Other assets | ಕಿ | 59,998
4,249,750
9,250
1,165
24,329 | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----|-------------------------------------------------| | Total assets | ക | 4,344,492 | | LIABILITIES AND SHAREHOLDER'S EQUITY | | | | Liabilities: | | | | Accrued expenses | ಕಿ | 117,488 | | Total liabilities | | 117,488 | | Commitments and contingencies | | | | Shareholder's equity:
Preferred stock - no par value; 500 shares authorized, none issued
Common stock - no par value; 500 shares authorized,
187 shares issued and outstanding | | 11,500 | | Additional paid in capital | | 18,500,000 | | Accumulated deficit | | (14,284,496) | | Total shareholder's equity | | 4,227,004 | | Total liabilities and shareholder's equity | S | 4,344,492 | See notes to the financial statement. {6}------------------------------------------------ ## 1. ORGANIZATION AND DESCRIPTION OF BUSINESS BCS Americas, Inc. (the "Company") is a broker-dealer in securities registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA") and the Securities Investor Protection ("SIPC"). The Company conducts business under the name of BCS Global Markets. The Company is also a member of the New York Stock Exchange, LLC and the NYSE American, LLC. The Company provides brokerage and investment services as an introducing broker for U.S. institutional clients investing in Russia and the Commonwealth of Independent States. On June 29, 2016, the Company was acquired by FG BCS Limited (the "Parent"). ## 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ### Fixed assets, net Depreciation of computer and equipment is provided for on a straight-line basis over the estimated useful lives of such assets. Estimated useful lives of the computer and equipment are from five to seven years. ### Income taxes Income taxes are determined on an asset and liability approach for financial accounting and reporting of income taxes. Deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each year end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. The types of temporary differences between the tax bases of assets and liabilities and their financial reporting amounts generally relate to differences between depreciation methods used for book and tax purposes. In addition, the Company has temporary differences relating to net operating loss carryforwards. ### Concentration of risk The Company maintains cash in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts and does not believe it is exposed to any significant credit risk on cash. At December 31, 2022, the Company maintained no cash in excess of FDIC insurance limits. ### Foreign currency The Company's functional currency is the U.S. dollar and its reporting currency is the U.S. dollar. However, the Company maintains several accounts in foreign currencies. {7}------------------------------------------------ #### - - - - - - ### --- - !"#\$% # &'()\*('+,-.+(' /01231243456787996848:64;<5451=185<68:78973=65>?6504::7@8568A2368:62;14::1251B 68501C8651BD5451<79E=136:431F@631<=484A1=18557=4G11<56=451<48B4<<@=25678<50454991:5 :1354683127351B4=7@85<48BB6<:;7<@31I4:5@4;31<@;5<:7@;BB69913937=507<1 1<56=451<456<961<65< 213973=48:17b;6A456785348<913368A501237=6<1B<13[6:1<57501:@<57=13b1<456<961B454276856856=1737[1356=1HZ1[18@1937=4213973=48:17b;6A45678 <456<961B454276856856=16<31:7A86a1B45501276856856=15045501\7=248>B1513=681<501 :@<57=137b5468<:78537;7[13501237=6<1B<13[6:1HZ1[18@1937=4213973=48:17b;6A45678 <456<961B7[1356=16<31:7A86a1Bb>=14<@368A501\7=248>c<237A31<<68<456<9>68A501 213973=48:17b;6A45678684=488135045B126:5<5015348<91379501<13[6:1<57501:@<57=13H/01 4=7@857931[18@131:7A86a1B319;1:5<501:78<6B1345678501\7=248>1d21:5<5731:16[168 1d:048A1973507<1237=6<1B<13[6:1<^6H1HI501Y5348<4:5678236:1]`HQ8B1513=6868A5015348<4:5678 236:1I501\7=248>:78<6B13<=@;562;194:573H ### ef#ghh!ii!i /01\7=248>1438<:7==6<<67831[18@1b>4:568A4<484A18578b104;979:@<57=13c<213973=48:17b;6A45678<:78<6<579534B11d1:@567848B431<456<961B78501534B1B451j 4::73B68A;>I:7==6<<67831[18@1<43131:73B1B78501534B1B451H/01\7=248>b1;61[1<5045501 213973=48:17b;6A456786<<456<961B78501534B1B451b1:4@<15045668A96848:64; 68<53@=185732@3:04<136<6B1856961BI501236:68A6<4A311B@27848B50136237[6B1<31<143:078Z@<<648b4<1B<57:G<48Bb78B<57CHDHb4<1B68<565@56784; 68[1<5736<:7=218<451B48B31:16[1<65<91168:7=1[6424>=185937= :;6185501:@<57=1348B501:@<57=134B[6<1<501 \7=248>7965<@<4A1H ### qnm\$!ffm!irii#i` /34B68AA468<48B;7<<1<43131:73B1B78534B1B45148B4313127351B784815b4<6152@3:04<1BI459463[4;@1HQ8:;@B1B68534B68AA468<431815 A468<48B;7<<1<78CHDH48B97316A8<57:Gb1;61[1<5045501213973=48:17b;6A45678 6<<456<961B78501534B1B451b1:4@<15045668A96848:64;68<53@=185732@3:04<13 6<6B1856961BI501236:68A6<4A311B@27848B50136