# MCLEAN SECURITIES, LLC X-17A-5/A (2026-05-20) — Broker-dealer annual report - Company: MCLEAN SECURITIES, LLC - Form: X-17A-5/A - Filed: 2026-05-20 - Period: 2025-12-31 - Accession: 0001114364-26-000002 - CIK: 1114364 - File #: 8-52565 - Type: Broker-dealer - Material weakness: No - Auditor: Ferrara CPA, LLC - Auditor location: Hamilton, NJ - Contact: Mitchell Martin - Phone: 7038270200 - Email: mmartin@mcleanllc.com - Website: mcleanllc.com - Signed by: Mitchell Martin (CCO) Original filing: https://www.sec.gov/Archives/edgar/data/1114364/000111436426000002/msaudit25short.pdf --- {0}------------------------------------------------ #### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 # **ANNUAL REPORTS FORM X-17A-5 PART III** | SEC FILE NUMBER | | |-----------------|--| | 8-52565 | | **FACING PAGE** **Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** | FILING FOR THE PERIOD BEGINNING _____________________ AND ENDING ______________________ | 01/01/2025 | 12/31/2025 | |-----------------------------------------------------------------------------------------|------------|------------| | | MM/DD/YY | MM/DD/YY | **A. REGISTRANT IDENTIFICATION** #### NAME OF FIRM: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ MCLEAN SECURITIES LLC TYPE OF REGISTRANT (check all applicable boxes): ☐ Broker-dealer ☐ Security-based swap dealer ☐ Major security-based swap participant ☐ Check here if respondent is also an OTC derivatives dealer ■ ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) #### \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 8260 Greensboro Drive | | (No. and Street) | | | |--------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------|--------------------------------------------| | Mclean | VA
_____________________________________________________________________________________ | | 22102 | | (City) | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | Mitchell Martin | 703-827-0200 | mmartin@mcleanllc.com
_____________________________________________________________________________________ | | | (Name) | (Area Code – Telephone Number) | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | Ferrara CPA, LLC | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
_____________________________________________________________________________________
(Name – if individual, state last, first, and middle name) | | | | 100 Horizon Center Blvd. | Hamilton
_____________________________________________________________________________________ | NJ | 08691 | | (Address) | (City) | (State) | (Zip Code) | | 12/17/2024 | _____________________________________________________________________________________ | 7259 | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | | FOR OFFICIAL USE ONLY | | | | | | | | \* Claims for exemption from the requirement that the annual reports be covered by the 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.** {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | Mitchell Martin | | I, ___________________________________________, swear (or affirm) that, to the best of my knowledge and belief, the | | | |-----------------|-----|--------------------------------------------------------------------------------------------------------------------------------|--|--| | financial | | report pertaining to the firm of ____________________________________________________________, as of
Mclean Securities, LLC | | | | 12/31 | 025 | ______________________________, 2_____, is true and correct. I further swear (or affirm) that neither the company nor any | | | \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, 2\_\_\_\_\_, 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. Signature: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ */itch.attn* **box SIGN** 19553QY1-4ZW57 JSZ Title: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ CCO Notary Public #### **This filing\*\* contains (check all applicable boxes):** ☐ (a) Statement of financial condition. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ - ☐ (b) Notes to consolidated statement of financial condition. - - - ☐ (c) Statement of income (loss) or, if there is other comprehensive income 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. - ☐ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - ☐ (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. - ☐ (l) 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-1, or 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. - ☐ (s) Exemption 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 report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - ☐ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 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. - ☐ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable. - ☐ (y) 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 inadequacies exist, under 17 CFR 240.17a-12(k). - ☐ (z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ - *\*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable.* {2}------------------------------------------------ (A wholly owned subsidiary of TAC Financial Corporation) (SEC I.D. No. 8-**52565**) **Statement of Financial Condition** (**With** Report of Independent Registered Public Accounting Firm **Thereon**) As of and for the Year Ended December 31, 2025 These financial statements and schedule(s) should be deemed confidential pursuant to Subparagraph (e)(3) of SEC Rule 17a-5. {3}------------------------------------------------ ## **Ferrara CPA** 100 Horizon Center Blvd. Hamilton, NJ 08691 **Tel**: 609-865-5391 **Fax**: 609-435-3422 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To: The Board of Directors and Member of Mclean Securities, LLC #### **Opinion on the Financial Statement** I have audited the accompanying statement of financial condition of Mclean Securities, LLC as of December 31, 2025, and the related notes. In my opinion, the statement of financial condition presents fairly, in all material respects, the financial position of Mclean Securities, LLC as of December 31, 2025 in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of Mclean Securities, LLC's management. My responsibility is to express an opinion on Mclean Securities, LLC's financial statement based on my audit. I am a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and am required to be independent with respect to Mclean Securities, LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. I conducted my audit in accordance with the standards of the PCAOB. Those standards require that I 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. My 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 statements. My 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. I believe that my audit provides a reasonable basis for my opinion. *Ferrara CPA* I have served as Mclean Securities, LLC's auditor since 2024. Ferrara CPA Hamilton, New Jersey February 15, 2026 {4}------------------------------------------------ #### **Balance Sheet** As of December 31, 2025 | Assets | | |-------------------------------------|--------------| | Cash | \$
50,000 | | Total Assets | \$ 50,000 | | Liabilities
& Member Equity | | | Liabilities | \$ 14,800 | | Member Equity | 35,200 | | Total Liabilities & Member's Equity | \$ 50,000 | {5}------------------------------------------------ #### **Notes to the Financial Statements** December 31, 2025 #### **Note A – Summary of Significant Accounting Policies** #### **Business Activity** McLean Securities, LLC (the "Company") provides investment banking services and is a wholly owned subsidiary of The McLean Group, LLC (the "Group"). Investment banking services are provided in connection with the Group, which is a middle market investment bank that provides mergers and acquisitions ("M&A") and business valuation services. M&A services include comprehensive financial advisory services to companies executing a merger, acquisition, or divestiture, or exploring capital solutions to fund growth. In addition to sell-side representations, we also provide buy-side support, and we advise on debt and equity recapitalizations, including management buyouts, formation of employee stock ownership plans ("ESOPs"), raising capital, and other corporate finance transactions. The majority of M&A revenue consists of fees paid upon the successful completion of a transaction. Such contingent success fees are often considered security commissions earned from regulated transactions. These commission fees from our transactions are cleared through the Company, a registered broker/dealer. ### **Segment Reporting** The Company is engaged in a single line of business as a securities broker-dealer, providing a variety of investment banking services, such as mergers and acquisitions, business valuations and other related services, all within one line of business. The Company has identified its CEO as the chief operating decision maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note A), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay dividends. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. #### **Basis of Presentation** The financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") unless otherwise disclosed. {6}------------------------------------------------ ### **Notes to the Financial Statements** December 31, 2025 #### **Revenue Recognition** The Company adopted ASU 2014-09, Revenue from Contracts with Customers, (codified in ASC 606). The Company recognizes revenue when services are transferred to clients. Revenue is recognized based on the amount of consideration that management expects to receive in exchange for these services in accordance with the terms of the contract with the client. To determine the amount and timing of revenue recognition, the Company must (1) identify the contract with the client, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when the Company satisfies a performance obligation. The Company uses accrual basis accounting for financial statement reporting purposes and cash basis for income tax reporting purposes. #### **Merger & Acquisition Fee Revenue** The Company enters into agreements with customers defining the scope of services and compensation, which may include fees based on time, out-of-pocket costs, and success fees. Revenue is recognized when services are satisfied. Success fees are earned and recognized when the deal has successfully closed and all contingencies are removed, at which point the Company has fulfilled its performance obligations. Fees subject to reclamation (if any) are recorded as deferred revenue until all reclamation conditions are met. ### **Regulatory** The Company is a registered broker-dealer with the Financial Industry Regulatory Authority ("FINRA"). The Company operates as a FINRA broker-dealer and as a separate legal entity with a separate accounting ledger in order to satisfy regulatory requirements. The Company's registration as a broker-dealer with FINRA and the Securities and Exchange Commission ("SEC") became effective on October 27, 2000. The Company does not trade retail securities and does not have custody of client accounts. The Company qualifies under Rule 15c3-3(k)(2)(i) from the SEC Customer Protection Rule ("Rule 15c3-3"). Accordingly, the supplemental schedule of Information Relating to Possession or Control Requirements for Brokers and Dealers Pursuant to Rule 15c3-3 is not applicable. {7}------------------------------------------------ #### **Notes to the Financial Statements** December 31, 2025 ### **Net Capital Requirements** The Company is subject to the SEC Uniform Net Capital Rule ("Rule 15c3-1"), 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 and subparagraph (2) of Rule 15c3-1 further requires all brokers not generally carrying customers' accounts to maintain net capital of not less than \$5,000 or one-fifteenth of the Company's aggregate indebtedness, whichever is greater. The Company's aggregate indebtedness to net capital ratio was .4205 to 1. As of December 31, 2025, the Company had net capital as defined of \$35,200 which was in excess of its required net capital requirement of \$5,000. #### **Cash Equivalents, Securities and Credit Risk** The Company considers securities with maturities of three months or less, when purchased, to be cash equivalents. Securities owned are carried at fair value as allowed by FINRA regulations, and unrealized gains or losses on securities owned (if any) are reflected in income. The Company did not hold any securities or cash equivalents as of December 31, 2025. Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash. The Company maintains cash in bank deposit accounts that, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. Management believes the Company is not exposed to any significant risk related to cash. #### **Use of Estimates** The preparation of financial statements in conformity with generall accepted accounting principles requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. {8}------------------------------------------------ #### **Notes to the Financial Statements** December 31, 2025 #### **Fair Value Measurements** Unless disclosed otherwise, the Company estimates that the fair value of all financial and nonfinancial instruments as of December 31, 2025, does not differ materially from the aggregate carrying values recorded in the accompanying financial statements. Estimated fair values are determined by the Company using available market information and appropriate valuation methodologies. Considerable judgment can be required in interpreting market data to develop such fair value estimates, and, accordingly, such estimates are not necessarily indicative of the amounts that the Company may realize in a current market exchange. #### **Note B – Income Taxes** The Company is organized as a limited liability company and is considered a disregarded entity for income tax reporting purposes. For income tax purposes, revenue and expenses are reported by the Group, its parent company, which is a limited liability company taxed as a partnership. Accordingly, no provision has been recorded for federal and state income taxes. Management has evaluated the Company's tax positions that could have a significant effect on the financial statements and determined that the Company had no uncertain tax positions as of December 31, 2025, which required disclosure or recognition. Generally, the Group's tax returns remain open for three years for federal income tax examination and four years for state income tax examination. ### **Note C – Related Party Transactions** The Company has an agreement with the Group that the Group will pay all operating and nonoperating expenses in connection with the Company's business, except for direct commission payments to registered representatives and other fees which the broker-dealer is required to pay under formal agreements with investment bankers. The Group has fully indemnified the Company against any liability or responsibility for such expenses. During 2025 capital transfers made to the Group totaled \$7,502,682. {9}------------------------------------------------ #### **Notes to the Financial Statements** December 31, 2025 #### **Note D – Subsequent Events** The Company has evaluated subsequent events and transactions for potential recognition or disclosure through the date the financial statements were available to be issued. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.