Full text of MARATHON CAPITAL MARKETS, LLC's X-17A-5 filed 2026-03-31 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # **Marathon Capital Markets, LLC** Financial Report December 31, 2025 Filed as PUBLIC information pursuant to Rule 17a-5(e)(3) under the Securities Exchange Act of 1934. {1}------------------------------------------------ **UNITED** STATES **SECURITIES AND EXCHANGE COMMISSION Washington,** D.C. **20549** 0 MB APPROVAL 0MB Number: 3235-0lB Expires, Nov. 30, 2026 Estimated average burden hours per response: 12 ## **ANNUAL REPORTS FORM X-17A-5 PART** Ill | SEC FILE NUMBER | | |-----------------|--| | 8-52256 | | FACING **PAGE** Information **Required Pursuant to Rules 17a-S, 17a-l2, and 18a-7 under the Securities Exchange Act** of **1934** FILING FOR THE PERIOD BEGINNING **O 1/01 /25** AND ENDING **12/31 /25** MM/DD/YY MM/00/YY **A. REGISTRANT IDENTIFICATION** # NAME oF FIRM : Marathon Capital Markets1 LLC TYPE OF REGISTRANT (check all applicable boxes): ~ 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.) # 200 W Madison St, Suite 3700 | | {No. and treet) | | | |----------------------------------------------------|--------------------------------------------------------------------------|-----------------|------------------------------------------| | Chicago | IL | | 60606 | | (City) | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | Philippe Lavertu | 312-989-1341 | | plavertu@marathoncapital.com | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | | RSM US LLP | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing | | | | | (Name - if individual, .<.tare las1 1 first, and middle name) | | | | 30 S Wacker Dr, Suite 3300 | Chicago | IL | 60606 | | (Address) | {GlYI | (State) | {Zip ode! | | 09/24/2003 | | 49 | | | !Date of Reii.istration with PCAOB)(if applicable) | | | (PCAOB Regisuation Number if applicable) | • laims for e~emption from the requirem nt 1hat the annual reµort be covered by the reports or an independent public accountant must be supported by a tatem nt of fa t1, and cir um tan 5 relied on as Lhe basis of thee emption. 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 valld 0M…Read the full text as markdown