# AGA SECURITIES, LLC X-17A-5 (2026-03-16) — Broker-dealer annual report - Company: AGA SECURITIES, LLC - Form: X-17A-5 - Filed: 2026-03-16 - Period: 2025-12-31 - Accession: 0001184088-26-000003 - CIK: 1184088 - File #: 8-65531 - Type: Broker-dealer - Material weakness: No - Auditor: Ohab & Company, PA - Auditor location: Maitland, FL - Contact: Carl Anthony Serra - Phone: 3394401333 - Email: carl.serra@acaglobal.com - Website: acaglobal.com - Signed by: Charles Combs (Managing Member) Original filing: https://www.sec.gov/Archives/edgar/data/1184088/000118408826000003/confidag.pdf --- {0}------------------------------------------------ ### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** 0MB APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 # **ANNUAL REPORTS FORM X-17 A-5 PART Ill** | SEC FI LE NUMBER | |------------------| | | 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 O 1/01/2025 | | AND ENDING 12/3
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2 5 | | | | | | MM/DD/YY | MM/DD/YY | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | NAME oF FIRM: AGA Securities, Inc. | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
C!l Broker-dealer
□ 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 Winslow Way West, Suite 380 | D Security-based swap dealer | D Major security-based swap participant | | | | | | (No. and Street) | | | | | | Bainbridge Island | WA | 98110 | | | | | (City) | (State) | (Zip Code) | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Carl Serra | 339-440-1333 | carl.serra@acaglobal.com | | | | | Bainbridge Island | WA | | 98110 | | | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------|-----------------|--------------------------|--|--| | (City) | (State) | | (Zip Code) | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Carl Serra | 339-440-1333 | | carl.serra@acaglobal.com | | | | (Name) | (Area Code -Telephone Number) | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Ohab and Company, PA
(Name - if individual, state last, first, and middle name) | | | | | | | 100 E. Sybelia Ave., Suite 130 Maitland | | FL | 32751 | | | | (Address) | (City) | (State) | (Zip Code) | | | | July 28, 2004 | | 1839 | | | | | | | | | | | | FOR OFFICIAL USE ONLY | | | | | | \* Claims for exemption from the requi rement 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-S(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 valid 0MB control number.** {1}------------------------------------------------ #### OATH **OR AFFIRMATION** | | I, _c_h_ar_le_s_c_o_m_bs _______________ | | __, swear (or affirm) that, to the best of my knowledge and belief, the | | |-------------|------------------------------------------|-----------|-----------------------------------------------------------------------------------|-------| | | | | financial report pertaining to the firm of AGA Securities, LLC | as of | | _1_2_/3_1_/ | __________ | 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. Title: ~ Managing Member ### **This filing\*\* contains (check all applicable boxes):** - Iii (a) Statement of financial condition. - □ (b) Notes to consolidated statement of financial condition. - Iii (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).** - Iii (d) Statement of cash flows. - Iii (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (f) Statement of changes in liabilities subordinated to claims of creditors. - Iii (g) Notes to consolidated financial statements. - Iii (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. - Iii (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. - □ (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - Iii (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. - Iii (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. - Iii (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}------------------------------------------------ # **Table of Contents** | Report oflndependent Registered Public Accounting Firm 1-2 | |---------------------------------------------------------------------------------------------------------------------------------------------------| | Financial Statements | | Statement of Financial Condition 3 | | Statement of Operations 4 | | Statement of Changes in Member's Equity 5 | | Statement ofCashFlows 6 | | Notes to Financial Statements 7-11 | | Supplemental Information | | Schedule I -
Computation ofNet Capital Pursuant to SEC Rule 15c3-1 and
Reconciliation of Net Capital Pursuant to SEC Rule 17a-5( d)( 4) 12 | | Report oflndependent Registered Public Accounting Firm on the Company's
Exemption Report 13 | | Management's Statement onCompliance with SEC Rule 15c3-3 14 | {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) I 00 E. Sybelia Ave. Suite 130 Maitland. Fl . 327 51 *Certified Public Accountants* I mail: palll (I ohabco.com Telephone 407-740-7311 fax 407-740-6441 ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of AGA Securities, LLC ### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of AGA Securities, LLC as of December 31, 2025, the related statements of operations, changes in member's equity, and cash flows for the year then ended, and the related notes (collectively referred to as the •'financial statements"). In our opinion, the financial statements present fairly , in all material respects, the financial position of AGA Securities, LLC as of December 31 , 2025, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. ### **Basis for Opinion** These financial statements are the respons1bIllty of AGA Securities, LLC management. Our responsibility is to express an opinion on AGA Securities, LLC's financial statements 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 AGA 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. 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 statements are 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 statements, 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. Our audit also included evaluating the accounting principles used and s1gnif1cant estimates made by management, as well as evaluating the overall presentation of the financial statements We believe that our audit provides a reasonable basis for our opinion. ### **Auditor's Report on Supplemental Information** The Schedule I, Computation of Net Capital Pursuant to SEC Rule 15c3-1 and Reconciliation of Net Capital Pur\$uant to SEC Rule 17a-5(d)(4) has been subjected to audit procedures performed in conjunction with the audit of AGA Securities, LLC's financial statements. The supplemental information is the responsibility of AGA Securities, LLC's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the Schedule I, Computation of Net Capital Pursuant to SEC Rule 15c3-1 and Reconciliation of Net Capital Pursuant to SEC Rule 17a-5(d)(4) is fairly stated, in all material respects, in relation to the financial statements as a whole. ~ ~ ~.0v We have served as AGA Securities, LLC's auditor since 2022. Maitland, Florida March 12, 2026 {4}------------------------------------------------ # AGA SECURITIES, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2025 ## ASSETS | Assets:
Cash
Prepaid expenses | | 20,530
90 | |-------------------------------------|----|--------------| | Total assets | \$ | 20,620 | ### LIABILITIES AND MEMBER'S EQUITY | Liabilities:
Accounts payable and accrued liabilities
Due to member | \$
12,000
562 | |---------------------------------------------------------------------------|---------------------| | Total liabilities | 12,562 | | Member's equity | 8,058 | | Total liabilities and member's equity | \$
20,620 | {5}------------------------------------------------ # AGA SECURITIES, LLC STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31 , 2025 | Revenue: | | |----------------------------|---------------| | Advisory fee income | \$
152,425 | | | | | Operating expenses: | | | Professional fees | 15,553 | | Sales taxes | 331 | | General and administrative | 39 | | | | | Total operating expenses | \$
15,923 | | | | | Net income | \$
136,502 | {6}------------------------------------------------ # AGA SECURITIES, LLC STATEMENT OF CHANGES IN MEMBER'S EQUITY FOR THE YEAR ENDED DECEMBER 31 , 2025 | Member's equity opening balance at January 1, 2025 | \$
14,831 | |----------------------------------------------------|--------------| | Net income | 136,502 | | Member contributions | 3,718 | | Member distributions | (146,993) | | Member's equity as of December 31
, 2025 | \$
8,058 | {7}------------------------------------------------ # AGA SECURITIES, LLC STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31 , 2025 | Cash flows from operating activities:
Net loss | \$ | 136,502 | |-------------------------------------------------------------------------------------------------------------------------------|----------|--------------------| | Adjustments to reconcile net income to cash flows from operating activities: | | | | Changes in operating assets and liabilities:
Prepaid expenses
Due to member
Accounts payable and accrued liabilities | | 288
5,277 | | Net cash provided by operating activities | | 142,067 | | Cash flows from financing activities:
Capital contributions
Capital distributions | | 3,718
(146,993) | | Net cash used in financing activities | | (143,275) | | Net change in cash | | ,208)
(1 | | Cash at beginning of period | | ,738
21 | | Cash at end of period | \$ | 20,530 | | Supplemental disclosure:
Cash paid for interest
Cash paid for taxes | \$
\$ | | {8}------------------------------------------------ ## **NOTE 1. - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** ## **Business and Organization** AGA Securities, LLC (the "Company") formerly known as G. Select Securities, LLC was incorporated June 21, 2001. The Company operates as a securities broker-dealer limiting its activities to acting as a finder for business entities seeking additional capital through private arrangements with institutions and individual investors. The Company is registered as a broker-dealer in secunt1es with the Securities and Exchange Commission (the "SEC") and is a member of the Financial Industry Regulation Authority ("FINRA"). The Company does not carry customer accounts or clear customer transactions, nor does it plan to hold any customers' securities or funds. The Firm is not claiming an exemption from 17 C.F.R. § 240. 15c3-3. The Firm is filing the exemption report in reliance on footnote 74 of the 2013 SEC Release 34-70073. The Company is wholly owned by Axis Global Advisory, LLC ("Axis Global"). Accordingly, this affiliation should be taken into consideration in reviewing the accompanying financial statements. ## **Segment Reporting** On January 1, 2024, the Company adopted ASU 2023-07 - Segment Reporting, for improved disclosure regarding reportable segments. The Company's Chief Operating Decision Maker ("CODM") is solely the Managing Member. Due to the similarities and related nature of the broker-dealer's products, the CODM aggregates and evaluates the broker-dealer's mergers and acquisitions advice, and private placement of securities advice, as a single reporting segment under the umbrella of financial products. The metrics used by the CODM to assess the performance of the Company's operating divisions include revenue, net income, and cash flows from operations. The key metrics are utilized to guide decision making regarding risk assessment, cost management, and forecasting future results. The Company's operating divisions have similar economic characteristics and are expected to have similar economic characteristics and long-term financial performance in future periods. # **Cash and Cash Equivalents** The Company considers all highly liquid investments purchased with an original maturity of three months or less on the purchase date to be cash equivalents. {9}------------------------------------------------ # **NOTE 1. - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ( continued)** # **Concentration of Credit Risk** Financial instruments that potentially subject the Company to the concentration of credit risk consist primarily of temporary cash investments. The Company restricts temporary cash investments to financial institutions with a high credit standing. Such temporary cash investments are often in excess of the FDIC insurance limit. ## **Significant Judgments** Revenue from contracts with customers includes advisory fees from investment banking. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. # **Revenue Recognition** The Company receives advisory fee income for providing marketing advisory services. Revenue is recognized in accordance with F ASB ASC Topic 606 as services are rendered and the contracts identified performance obligations have been satisfied. There were no unsatisfied performance obligations at December 31, 2025. # **Income Taxes** As a limited liability company, the Company reports as a partnership for income tax purposes. Accordingly, its members are responsible for any income taxes related to its net income. {10}------------------------------------------------ # **NOTE 1. - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ( continued)** ## **Income Taxes** The Company is required to determine whether a tax position is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any tax related appeals or litigation processes, based on the technical merits of the position. The Company files an income tax return in the U.S. federal jurisdiction and may file income tax returns in various U.S. states. The Company is not subject to income tax return examinations by major taxing authorities for years before 2021 . The tax benefit recognized is measured as the largest amount of benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. De-recognition of a tax benefit previously recognized results in the Company recording a tax liability that reduces net assets. However, the Company's conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof. The Company recognizes interest accrued related to unrecognized tax benefits and penalties related to unrecognized tax benefits in income taxes payable, if assessed. No interest expense or penalties have been recognized as of and for the year ended December 31 , 2025. # **Use of Estimates** The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. ## **NOTE 2. - Transactions with Related Entities** The Company has no related party transactions. ## **NOTE 3. - Subsequent Events** Management has evaluated subsequent events through the date of the auditors' report which is the date the financial statements issued. {11}------------------------------------------------ # **NOTE 4. - Statutory Requirements** Pursuant to Rule 15c3-1 of the Securities Exchange Act of 1934, the Company is required to maintain minimum net capital as defined under such rule. At December 31, 2025, the Company's net capital was \$7,968 and the required net capital was \$5,000. The Firm is not claiming an exemption from 17 C.F.R. § 240. 15c3-3. The Firm is filing the exemption report in reliance on footnote 74 of the 2013 SEC Release 34-70073. As a Non-Covered Firm that does not claim an exemption under paragraph (k) of Rule 15c3-3 (i.e., paragraph (k)(l), (k)(2)(i) or (k)(2)(ii)), during the reporting period the Firm affirms that it (1) does not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Exchange Act Rule 15c2-4 ("Rule 15c2-4"); (2) does not carry accounts of or for customers; and (3) does not carry PAB accounts (as defined in Rule 15c3-3). These conditions were met throughout the most recent fiscal year without exception. Under the ex emptive provisions of footnote 7 4, the Computation for Determination of Reserve Requirements and Information Relating to the Possession and Control Requirements are not required. ## **NOTE 5. - Significant Clients** The Company generally derives significant revenue from a few key clients. However, the makeup of the Company's client base varies from year to year. Accordingly, an annual concentration in revenue from the same clients is remote. The Company recorded revenue in 2025, but the revenue earned was from one transaction. ## **NOTE 6.-Company Conditions** Although the Company reported a net profit for the year ended December 31, 2025, the member was still required to make capital contributions for financing the operations of the Company. The Company's member has represented that he intends to continue making capital contributions, as needed, to ensure the Company's continuing operations. The member has the financial wherewithal to continue contributing, as required. Management expects the Company to continue as a going concern and the accompanying financial statements have been prepared on a going-concern basis without adjustments for realization in the event the Company ceases to continue as a going concern. {12}------------------------------------------------ # **NOTE** 7. - **Commitments and Contingencies** The Company does not have any commitments or contingencies. {13}------------------------------------------------ # **SCHEDULE I** # AGA SECURITIES, LLC # COMPUTATION OF NET CAPITAL PURSUANT TO SEC RULE 15c3-1 AND RECONCILIATION OF NET CAPITAL PURSUANT TO SEC RULE 17a-5( d)( 4) ## AS OF 'DECEMBER 31 , 2025 | Total member's equity from statement of financial condition
Less nonallowable assets from statement of financial condition | \$
8,058
90 | |-------------------------------------------------------------------------------------------------------------------------------|-------------------| | Net capital before haircuts on securities positions | 7,968 | | Haircuts on securities | | | Net capital | 7,968 | | | | | Aggregate indebtedness:
Total A.I. liabilities from statement of financial condition | 12,562 | | Total aggregate indebtedness | 12,562 | | Percentage of aggregate indebtedness to net capital | 157.66% | | | | | Computation of basic net capital requiriement:
Minimum net capital required (6.67% of A.I.) | \$
837 | | Minimum dollar net capital requirement of reporting broker or dealer | \$
5,000 | | Excess net capital | \$
2,968 | There is no material difference between the computation of net capital presented above and the computation of net capital reported in the Company's Form X-17 A-5 filed as of December 31 , 2025. See accompanying Report of Independent Registered Public Accounting Firm {14}------------------------------------------------ ![](_page_14_Picture_0.jpeg) 100 E. S)bdia A\e. Suite 130 Maitland. FL 32751 *Certified Public Accountants* I 11uil. pam II ohahco.com Telephone 407-740-7311 Fax 407-740-6441 ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of AGA Secunt,es, LLC We have reviewed management's statements, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (1) AGA Securities, LLC (the Company) did not claim an exemption under paragraph (k) of 17 C F.R. §240.15c3-3, and (2) the Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits ,ts business activities exclusively to private placement of securities, mergers and acquisitions advisory services and investment banking activities. In addition, the Company did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4; did not carry accounts of or for customers: and did not carry PAS accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. AGA Securities, LLC's management is responsible for compliance with the provisions contemplated by Footnote 74 of SEC Release No. 34-70073 adopting amendments to 17 C F.R. § 240.17a-5 and related SEC Staff Frequently Asked Questions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about AGA Securities, LLC's compliance with the provisions of Footnote 74. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based upon the Company's business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C F R § 240 17a-5, and related SEC Staff Frequently Asked Questions. Ohab and Company, PA Maitland, Florida March 12, 2026 {15}------------------------------------------------ # AGA Securities LLC 8712 Rosario Place NW Bainbridge Island, WA 98110 # EXEMPTION REPORT AGA Securities, LLC, (Firm) is a registered broker-dealer subject to Rule 17-5 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)(l) and (4). To the best of its knowledge and belief, the Firm states the following: 1. The Firm is not claiming an exemption from 17 C.F.R. § 240. 15c3-3 under paragraph (k). The Firm is filing the exemption report in reliance on footnote 74 of the 2013 SEC Release 34-70073. 2. The Firm is engaged in the private placement of securities, mergers and acquisitions advisory services and investment banking activities. 3. As a Non-Covered Firm that does not claim an exemption under paragraph (k) of Rule 15c3-3 (i.e., paragraph (k)(l), (k)(2)(i) or (k)(2)(ii)), during the reporting period the Firm affirms that it (1) does not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Exchange Act Rule 15c2- 4 ("Rule 15c2-4"); (2) does not carry accounts of or for customers; and (3) does not carry PAB accounts (as defined in Rule 15c3-3). These conditions were met throughout the most recent fiscal year without exception. AGA Securities, LLC I, Charles Eli Combs, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. Title: Managing Member Feb 11, 2026 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.