# BG WORLDWIDE SECURITIES, INC. X-17A-5 (2025-09-30) — Broker-dealer annual report - Company: BG WORLDWIDE SECURITIES, INC. - Form: X-17A-5 - Filed: 2025-09-30 - Period: 2025-06-30 - Accession: 0001176977-25-000003 - CIK: 1176977 - File #: 8-65440 - Type: Broker-dealer - Material weakness: No - Auditor: Anson, Brian, W - Auditor location: Tarzana, CA - Contact: Robert Shor - Phone: 3103673657 - Email: tmorrissey@rndcompliance.com - Website: rndcompliance.com - Signed by: Robert Shor (Preident) Original filing: https://www.sec.gov/Archives/edgar/data/1176977/000117697725000003/bgwannualaudit.pdf --- {0}------------------------------------------------ # 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 # ANNUAL REPORTS FORM X-17A-5 PART III SEC FILE NUMBER 8-65440 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 07/01/2024 AND ENDING 06/30/2025 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION # NAME OF FIRM:BG Worldwide Securities, Inc. TYPE OF REGISTRANT (check all applicable boxes): ? Broker-dealer ? Security-based swap 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.) # 340 N. Westlake BIvd. Unit 160 | | | (No. and Street) | | | | |--------------------------------------------------|--------------|------------------------------------------------------------|-----------------|--------------------------------------------|--| | Westlake Village | | C A | | 91362 | | | (City) | | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Terence Morrissey | 818-657-0288 | | | tmorrissey@rndcompliance.com | | | (Name) | | (Area Code - Telephone Number) | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | Anson, Brian W | | (Name - if individual, state last, first, and middle name) | | | | | 18455 Burbank Blvd., #406 Tarzana | | | C A | 91356 | | | (Address) | | (City) | (State) | (Zip Code) | | | 9/15/2005 | | | 2370 | | | | (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 | I, Robert E. Shor | _, swear (or affirm) that, to the best of my knowledge and belief, the | |--------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------| | financial report pertaining to the firm of BG Worldwide Securities, Inc. | | | | 2.025 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. | | SEE ATTACHMENT Title: President 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. - - (Ne ordered and eatene 20 158: 017 8 20.13 1, 8 plicate: (f) Statement of changes in liabilities subordinated to claims of creditors. - (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. - i) 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. - (I) 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. - (g) 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}------------------------------------------------ #### CALIFORNIA ACKNOWLEDGMENT CIVIL CODE § 1189 GREEN RENE 88088 BREEB BE RESE BIE BE BEER ERE WERNERE ROSEN NE HERE BIG BE 3W 839 309 38058-395 3898 386-398 3858 385 85 38838858 83 804 BE HENNESE BEEN DENNESE SERE BEE RESE BRENNE SEE DOS BRENE REBRE EROE RESE RENE INE RESENSE A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. | State of Callornie | | | | |----------------------|----------------------------------------------|--|--| | County of | | | | | 8/21/2025
On _ | before me, _Élias Jose Drozco, Notary Public | | | | Date | Here Insert Name and Title of the Officer | | | | personally appeared | Robert Edward Shor | | | | Name(s) of Signer(s) | | | | who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. ![](_page_2_Picture_6.jpeg) I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature Place Notary Seal and/or Stamp Above Signature of Notary Public OPTIONAL Completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: Document Date: Signers) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: ? Corporate Officer - Title(s): ? Partner - ? Limited O General ? Individual ? Attorney in Fact ? Trustee ? Guardian or Conservator nether: Signer is Representing: Number of Pages: Signer's Name: ? Corporate Officer - Title(s): ? Partner - ? Limited ? General ? Individual ? Attorney in Fact ? Trustee ? Guardian or Conservator ? Other: Signer is Representing: 800581081389308 03 888 85 85510 3 888 8333903585 853888888945388938828333 ©2019 National Notary Association {3}------------------------------------------------ # FINANCIAL STATEMENTS AND ACCOMPANYING SUPPLEMENTARY INFORMATION # REPORT PURSUANT TO SEC RULE 17a-5(d) FOR THE YEAR ENDED JUNE 30, 2025 {4}------------------------------------------------ # Table of Contents | Report of Independent Registered Public Accounting Firm | | 1 | |---------------------------------------------------------|------------------------------------------------------------------------------------------|--------------| | Statement of Financial Condition | | 2 | | Statement of Income | | 3 | | Statement of Stockholder's Equity | | 4 | | Statement of Cash Flows | | 5 | | Notes to
Financial Statements | | 6
-
10 | | Supplemental
Information | | | | Schedule I | Statement of Net Capital | 11 | | Schedule II | Determination of Reserve Requirements | 12 | | Schedule III | Information Relating to Possession or Control | 12 | | | Report of Independent Registered Public Accounting Firm
On Review of Exemption Report | 13 | | | Assertions Regarding Exemption Provisions | 14 | {5}------------------------------------------------ {6}------------------------------------------------ #### Statement of Financial Condition June 30, 2025 #### ASSETS | Cash | \$
33,546 | |---------------------|--------------| | Accounts Receivable | 54,967 | | Other Assets | 134 | | Total Assets | \$
88,647 | | | | #### LIABILITIES AND STOCKHOLDER'S EQUITY | LIABILITIES | | |--------------------------------------------|--------------| | Commission Payable | \$
18,000 | | Accounts Payable | 8,104 | | Total Liabilities | 26,104 | | STOCKHOLDER'S EQUITY | | | Common Stock, no par value, 1,000 shares | | | authorized, issued, and outstanding | 100 | | Additional Paid-in Capital | 172,929 | | Accumulated Deficit | (110,486) | | Total Stockholder's Equity | 62,543 | | Total Liabilities and Stockholder's Equity | \$
88,647 | {7}------------------------------------------------ ### Statement of Income For the Year Ended June 30, 2025 #### REVENUES | Commissions | \$
1,115,356 | |-----------------------------------|-----------------| | Total Revenues | 1,115,356 | | | | | EXPENSES | | | Commissions | 429,323 | | Outside Services | 495,000 | | Professional Fees | 56,000 | | FINRA Fees | 4,931 | | Other Expenses | 2,504 | | Total Expenses | 987,758 | | NET INCOME BEFORE INCOME TAXES | 127,598 | | LESS: INCOME TAX EXPENSE (NOTE 2) | 35,707 | | NET INCOME | \$
91,891 | | | | {8}------------------------------------------------ # Statement of Changes Stockholder's Equity For the Year Ended June 30, 2025 | | Additional | | | | | Total | | | |---------------------------------|-----------------|-----|--------------------|---------|--------------------------|-----------|-------------------------|-----------| | | Common
Stock | | Paid-In
Capital | | (Accumulated
Deficit) | | Stockholder's
Equity | | | Beginning balance, July 1, 2024 | \$ | 100 | \$ | 137,222 | \$ | (91,577) | \$ | 45,745 | | Additional Capital | | - | | 35,707 | | - | | 35,707 | | Dividend Paid | | - | | - | | (110,800) | | (110,800) | | Net Income | | - | | - | | 91,891 | | 91,891 | | Ending balance, June 30, 2025 | \$ | 100 | \$ | 172,929 | \$ | (110,486) | \$ | 62,543 | {9}------------------------------------------------ # Statement of Cash Flows For the Year Ended June 30, 2025 #### CASH FLOWS FROM OPERATING ACTIVITIES: | Net Income | \$
91,891 | |-------------------------------------------------|--------------| | Adjustments to reconcile net Income to net cash | | | provided by Operating activities: | | | Paid-In Capital - Debt Forgivness | 35,707 | | (Increase) decrease in assets: | | | Accounts Receivable | (15,257) | | Other Assets | 278 | | Increase (decrease) in liabilities: | | | Commission Payable | 18,000 | | Accounts Payable | (3,135) | | Total adjustments | 35,593 | | Net cash provided by Operating activities | 127,484 | | CASH FLOWS FROM FINANCING ACTIVITIES: | | | Dividend Paid | (110,800) | | Net cash used in Financing activities | (110,800) | | Net Increase in cash | 16,684 | | Cash at beginning of year | 16,862 | | Cash at end of year | \$
33,546 | | Supplemental Disclosures | | | Cash paid during the year for: | | | Interest | \$
- | | Income taxes | \$
800 | {10}------------------------------------------------ Notes to Financial Statements June 30, 2025 # **Note 1: GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** # Organization BG Worldwide Securities, Inc. (the "Company") was formed on December 6, 2001, in California as a "C" corporation. The Company received approval as a broker dealer by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) on November 18, 2002. The Company is registered as a limited purpose broker-dealer engaged in variable annuities and variable life products to institutions. The Company is a wholly owned subsidiary of Benefits Group Worldwide, Inc. (the "Parent"). The owners of the Parent are also owners of an insurance agency, Robert Shor Insurance Agency, Inc. The Parent designs, implements, administers executive benefits plans for enterprise organizations, and structures deferred compensation for public and private institutional customers. The broker dealer receives securities and insurance commissions from insurance companies with whom these public and institutional customers place their variable insurance policies. The Company does not maintain retail or individual accounts or customer relationships. The Company operates under the exemptive provisions of SEC Rule 15c3-3(k)(2)(i) and does not require the services of a clearing firm. #### Accounting Method The company uses the accrual basis of accounting for financial statement purposes. It is subject to regulation by SEC and FINRA, and it follows accounting and record keeping policies established by those agencies. # Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates, but management does not believe such differences will materially affect the Company's financial position, results of operations, or cash flows. #### Fair Value Measurement The Company adopted ASC Topic 820, requiring a fair value measurement of certain financial instruments on a recurring basis. The adoption of ASC Topic 820 did not impact the Company's financial condition or results of operations. ASC Topic 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability. ASC Topic 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The three levels of the fair value hierarchy are described below: {11}------------------------------------------------ Notes to Financial Statements June 30, 2025 # **Note 1: GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)** ### Fair Value Measurement Level 1 – Valuations based on quoted prices in active markets for identical assets or liabilities that an entity has the ability to access. Level 2 – Valuations based on quoted prices for similar assets and liabilities in active markets, quoted prices for identical assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities. Level 3 – Valuations based on inputs that are supportable by little or no market activity and that are significant to the fair value of the asset or liability. The Company had no financial instruments to measure for fair value as of June 30, 2025. ### Concentrations of Credit Risk The Company is engaged in activities in which counter parties primarily include insurance companies, banks, and other financial institutions. In the event counter parties do not fulfil their obligations, the Company may be exposed to risk. The risk of default depends on the creditworthiness of the counter party or issuer of the instrument. It is the Company's policy to review, as necessary, the credit standing of each counter party. 100% of all revenue is from one customer, a related party. #### Cash The Company considers all highly liquid instruments with an original maturity of three months or less when purchased to be cash equivalents. The Company maintains principally all cash balances in one financial institution which, at times, may exceed the amount insured by the Federal Deposit Insurance Corporation. The exposure to the Company is solely dependent upon daily bank balances and the respective strength of the financial institution. The Company has not incurred any losses on this account. At June 30, 2025, the amount in excess of insured limits was zero. # **Note 2: INCOME TAXES** The Company is included in the consolidated tax returns filed by the Parent. The Company accrues a current tax provision as a stand-alone entity for purpose of GAAP and Federal Securities regulations. All calculated income taxes calculated in the consolidated tax returns are paid at the Parent level. For the year ended June 30, 2025, the components of the Company's estimated income tax expense are as follows: | State Income Taxes (California) | \$
11,280 | |---------------------------------|--------------| | Federal Income Tax | 24,427 | | | \$
35,707 | Deferred taxes are not recorded as the Company deems them immaterial. During the year ended June 30, 2025, the Company paid \$800 to the State of California Franchise Tax Board. {12}------------------------------------------------ Notes to Financial Statements June 30, 2025 # **Note 2: INCOME TAXES (CONTINUED)** The Company adopted the standards for Accounting for Uncertainty in Income Taxes (income, sales, use and payroll), which required the Company to report any uncertain tax positions and to adjust its financial statements for the impact thereof. As of June 30, 2025, the Company determined that it had no tax positions that did not meet the "more likely than not" threshold of being sustained by the applicable tax authority. The Company files a consolidated tax return with the Parent in the United States federal and applicable state jurisdictions. These returns are generally subject to examination by tax authorities for the last three years. # **Note 3: NET CAPITAL REQUIREMENT** The Company is subject to the uniform net capital rule (Rule15c3-1) of the Securities and Exchange Commission, which requires both the maintenance of minimum net capital and the maintenance of a maximum ratio of aggregate indebtedness to net capital. Net capital and aggregate indebtedness change day by day, but at June 30, 2025 the Company's net capital of \$25,442 exceeded the minimum net capital requirement of 6 2/3% of aggregate indebtedness or \$5,000, whichever is greater, by \$20,442 and the Company's ratio of aggregate indebtedness of \$26,104 to net capital was 1.03:1, which is less than the 15:1 maximum ratio requirement. # **Note 4: RELATED PARTY TRANSACTIONS** The Company has a cost-sharing arrangement with the Parent, per which common expenses are apportioned to the Company at a rate of \$104 per month or \$ 1,248 a year. Additionally, the Company is affiliated with Robert Shor Insurance, a related party due to common ownership and control, through which the Company's commissions for its insurance product placements are processed. # **Note 5: REVENUE RECOGNITION** In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"), which was aimed at creating common revenue recognition guidance for GAAP and the International Financial Reporting Standards ("IFRS"). The guidance provides a comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue guidance issued by the FASB. ASU 2014-09 and all subsequent amendments to the ASU (collectively "ASC 606") requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers and revises when it is appropriate to recognize a gain or loss from the transfer of nonfinancial assets such as other real estate owned. This standard also specifies the accounting for certain costs to obtain or fulfill a contract with a customer. The Company's implementation efforts included a detailed review of revenue contracts within the scope of guidance and an evaluation of the impact on the Company's revenue recognition policies. No transition-related practical expedients were applied. Performance Obligations - Revenue from contracts with customers is recognized when, or as, the Company satisfies its performance obligations by transferring goods or services to customer. A good or service is transferred to a customer when, or as, the customer obtains control of that good or service. A performance obligation satisfied at a point in time is recognized at the point in time that the Company determines the customer has obtained control over the promised good or service. The amount of revenue recognized reflects the consideration of which the Company expects to be entitled in exchange for the promised goods or services. {13}------------------------------------------------ Notes to Financial Statements June 30, 2025 # **Note 5: Revenue Recognition (CONTINUED)** The following provides detailed information on the recognition of the Company's revenue from contracts with customers as reported on the FINRA Form "Supplemental Statement of Income (SSOI)": Insurance Commissions - The Company engages in the sale of insurance-based products. This includes sales of variable and fixed annuities along with other various financial instruments that contain both, insurance and security components. Insurance commission revenue includes an initial up-front (first year) commission as well as annual trailing commission payments for each policy renewal. The following table disaggregated the Company's revenue based on the timing of satisfaction of performance obligations for the year ended June 30, 2025: | Performance Obligations Satisfied at a Point in Time | \$
1,115,356 | |------------------------------------------------------|-----------------| | Performance Obligations Satisfied Over Time | - | | Total Revenue | \$
1,115,356 | Taxes and regulatory fees assessed by a government authority or agency that are both imposed on and concurrent with a specified revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. #### **Note 6: LEASE OBLIGATIONS** In February 2016, the FASB issued ASU 2016 02 on Leases. Under the guidance, leases will be required to recognize a lease liability and a right-of-use asset for all leases at the commencement date (with the exception of short-term leases). ASU 2016 02 is effective for annual and interim periods beginning on or after December 15, 2018 and early adoption is permitted. The Company does not have a lease commitment where this applies. # **Note 7: COMMITMENTS AND CONTINGENCIES** The Company was not subject to any litigation during the period July 1st, 2024, through June 30th , 2025. # **Note 8: SEGMENT REPORTING** The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of one primary class of services, Insurance Commissions. The company has identified its President 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, 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. The company derived 100% of its total revenues from one external customer during the fiscal year ended June 30, 2025. All revenue segments and significant expenses for the year ended June 30, 2025 are disclosed on the Statement of Income. {14}------------------------------------------------ Notes to Financial Statements June 30, 2025 #### **Note 9: SUBSEQUENT EVENTS** The management has reviewed the results of operations for the period of time from its year end June 30, 2025, through August 22, 2025, the date the financial statements were available to be issued and have determined that no adjustments are necessary to the amounts reported in the accompanying financial statements nor have any subsequent events occurred, the nature of which would require disclosure. {15}------------------------------------------------ #### Schedule I Statement of Net Capital June 30, 2025 | | | Focus 06/30/2025 | Audit 06/30/2025 | | Change | | |-----------------------|----------------------------------------------------------------------------------------------|------------------|------------------|--------|--------|--| | | Stockholder's Equity, June 30, 2025 | \$
62,543 | \$ | 62,543 | - | | | | Less: Non-allowable Assets | | | | | | | | Accounts Receivable | 36,967 | | 36,967 | - | | | | Other Current Assets | 134 | | 134 | - | | | Tentative net capital | | 25,442 | | 25,442 | - | | | Haircuts: | | - | | - | - | | | | NET CAPITAL | 25,442 | | 25,442 | - | | | | Minimum requirements of 6 2/3% of aggregate
indebtedness or \$5,000, whichever is greater | 5,000 | | 5,000 | - | | | | Excess net capital | \$
20,442 | \$ | 20,442 | - | | | | Aggregate indebtedness | \$
26,104 | \$ | 26,104 | - | | | | Ratio of aggregate indebtedness to net capital | 103% | | 103% | | | There are no differences between the audited financial statements and the amended focus filed for June 30, 2025 {16}------------------------------------------------ June 30, 2025 Determination of Reserve Requirements Under Rule 15c3-3 of the Securities and Exchange Commission Schedule II according to the provision of Rule 15c3-3(k)(2)(i). The Company is exempt from the Reserve Requirement of computation > Schedule III Information Relating to Possession or Control Requirements Under Rule 15c3-3 requirements under the (k)(2)(i) exemptive provision. The Company is exempt from the Rule 15c3-3 as it relates to Possession and Control {17}------------------------------------------------ {18}------------------------------------------------ # Assertions Regarding Exemption Provisions BG Worldwide Securities, Inc. (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. §240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following: # Identified Exemption Provision: The Company claims exemption from the custody and reserve provisions of Rule 15c3-3 by operating under the exemption provided by Rule 15c3-3, Paragraph (k)(2)(\*). # Statement Regarding Meeting Exemption Provision: The Company met the identified exemption provision without exception throughout the period July 1, 2024, through June 30, 2025. BG Worldwide Securities, Inc. Robert E. Shor {19}------------------------------------------------ - - - {20}------------------------------------------------ # Certification of Exclusion from Membership #### TO BE FILED BY A BROKER-DEALER WHO CLAIMS EXCLUSION FROM MEMBERSHIP IN THE SECURITIES INVESTOR PROTECTION CORPORATION ("SIPC") UNDER SECTION 78ccc(a)(2)(A) OF THE SECURITIES INVESTOR PROTECTION ACT OF 1970 ("SIPA") | 8-65440 | DEA: FINRA | 2025 | Jun | |----------------------------------------------------------------------------------------------|------------|------|-----| | BG WORLDWIDE SECURITIES INC
340 NORTH WESTLAKE BLVD STE 160
WESTLAKE VILLAGE, CA 91362 | | | | **The above broker-dealer certifies that during the fiscal year ending \_\_\_\_\_\_\_\_\_\_\_\_\_\_** 6/30/2025 #### **(check appropriate boxes):** ✔ |  | (i) | Its principal business, in the determination of SIPC, taking into account business of | |--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------| | | | affiliated entities, is conducted outside the United States and its territories and possessions; | | | (ii) | Its business as a broker-dealer is expected to consist exclusively of: | |  | | (I) the distribution of shares of registered open end investment companies or unit investment trusts; | | ✔
 | | (II) the sale of variable annuities; | | 
✔ | | (III) the business of insurance; | |  | | (IV) the business of rendering investment advisory services to one or more registered investment
companies or insurance company separate accounts; | |  | (iii) | It is registered pursuant to 15 U.S.C. 78o (b)(11)(A) as a broker-dealer with respect to transactions in
securities futures products; | | | | | **and that, therefore, under section 78ccc(a)(2)(A) of SIPA it is excluded from membership in SIPC.** **In the event of any subsequent change in the business of the undersigned broker-dealer that would terminate such broker-dealer's exclusion from membership in SIPC pursuant to section 78ccc(a)(2)(A) of SIPA, the undersigned broker-dealer will immediately give SIPC written notice thereof and make payment of all assessment thereafter required under section 78ddd(c) of SIPA.** By checking this box, you certify that you have the authority of the broker-dealer to sign this form; that all information in this form is true and complete; and that on behalf of the broker-dealer, you are authorized, and do hereby consent, to the storage and handling by SIPC of the data in accordance with SIPC's Privacy Policy. | BG WORLDWIDE SECURITIES INC | Terence Morrissey | | |-----------------------------|------------------------|--| | (Name of Broker-Dealer) | (Authorized Signatory) | | | 7/10/2025 | Consultant | | | (Date) | (Title) | | | | 818-657 0288 | | | | (Phone No.) | | Completion of the "Authorized Signatory" line will be deemed a signature. Retain a copy of this completed form for a period of not less than 6 years, the latest 2 years in an easily accessible place. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.