# REVA CAPITAL MARKETS LLC X-17A-5 (2022-04-18) — Broker-dealer annual report - Company: REVA CAPITAL MARKETS LLC - Form: X-17A-5 - Filed: 2022-04-18 - Period: 2021-12-31 - Accession: 0001213900-22-020342 - CIK: 1127860 - File #: 8-52985 - Type: Broker-dealer - Material weakness: No - Auditor: Berkower, LLC - Auditor location: Iselin, NJ - Contact: Vageesh Naik - Phone: 2124647363 - Email: vageesh@revacap.com - Website: revacap.com - Signed by: Vageesh Naik (Chief Executive Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1127860/000121390022020342/converted.pdf --- {0}------------------------------------------------ ## REVA APITAL MARKETS, LLC #### FIN NCIAL STATEMENTS #### AND SU PLEMENTARY INFORMATION FOR THE YE R ENDED DECEMBER 31, 2021 Confidential Treatment Requested ' {1}------------------------------------------------ UNITED STATES SECURITl~S AND EXCHANGE COMMISSION Washington, D.C. 20549 **0MB APPROVAL** 0MB Number: **3235-0123** Expires: Oct. 31, 2023 Estimated average burden hours per response: 12 -, | 4 ~NNUAL REPORTS | |------------------| | FORM X-17A-5 | | PART Ill | **SEC FILE NUMBER 8-52985** FACING **PAGE** Information Required Pursuant to Rules i~7a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | FILING FOR THE PERIOD BEGINNING | 01/01/21
MM/00/YY | AND ENDING | | 12/31/21
MM/DD/VY | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|-------------------------------------|-----------------------|-------------------------------------------------| | | A. f;l:GISTRANT IDENTIFICATION | | | | | NAME OF FIRM: REVA CAPITAL MARKElS, LLC | | | | | | TYPE OF REGISTRANT (check all applical le boxes):
□ Major security-based swap participant
~ Broker-dealer
□ Security-basec swap dealer
D Check here if respondent is also an OTC c erivatives dealer | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSll~ESS: (Do not use a P.O. box no.) | | | | | | 3 COLLI MBUS CIRCLE-15th Floor
(No. and Street) | | | | | | NEW YORK
(City) | NEW YORK | (State) | | 10019
(Zip Code) | | PERSON TO CONTACT WITH REGARD Tl> THIS FILING | | | | | | Vageesh Naik
(Name) | vageesh@revacap.com
212.464.7363
(Email Address)
(Area Code -Telephone Number) | | | | | -
De. | -- -
- - | -
.,-. I ,,,,._I ■■ r9 ■ ,,._.■• | | | | INDEPENDENT PUBLIC ACCOUNTANT \A hose reports are contained in this filing* | | | | | | | BERKOWER, LLC | | | | | | (Name - if lhdivldual, state last, first, and middle name) | | | | | 517 ROUTE ONE, STE. 4103
(Address) | ISELIN
(City) | | NEW JERSEY
(State) | 08830
(Zip Code) | | -----------::--:-:-+----------;::;:::::-:::217 _____ | | | | | | (Date of Registration with PCAOB)(if applicable) | | | | _
(PCAOB Registration Number, if aonllcable) | | | FOR OFFICIAL USE ONLY | | | | | • Claims for exemption from the requirement t nat the annual reports be covered by the reports of an independent public
accountant must be supported by a statemeI at of facts and circumstances relied on as the basis of the exemption. See 17
CFR 240.17a-S{e){l)(li), if applicable.
Persons who are to respond to the collection o information contained in this form are not required to respond unless the form
displays a currently valid 0MB control numbe1 • | • | | | | L {2}------------------------------------------------ #### **OATH OR AFFIRMATION** I, Vageesh Naik, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Reva Capita I Markets, LLC, as of April 14, 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. Signature: Title: CEO #### This filing•• contains (check all applicable boxes): - IX1 (a) Statement of financial condition. - IXI (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 clalms of creditors. - □ (g) Notes to consolidated financial statements. - D (h) Computation of net capital under 17 CFR 240.1Sc3-1 or 17 CFR 240.18a-1, as applicable. - □ (i) Computation of tangible net worth under 17 CFR 240.lBa-2. - □ 0) 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 240.1Sc3-3 or Exhibit A to 17 CFR 240.lSa-4, as applicable. - □ (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.1Sc3-3. - □ (m) Information relating to possession or control requirements for customers under 17 CFR 240.1Sc3-3. - D (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 240.1Sc3-3 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. - ii (q) Oath. or affirmation In accordance with 17 CFR 240.17a-S, 17 CFR 240.17a-12, or 17 CFR 240.lBa-7, as applicable. - D (r) Compliance report in accordance with 17 CFR 240.17a-S or 17 CFR 240.lSa-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-s, 17 CFR 240.lSa-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-S or 17 CFR 240.lSa-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. - D (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). D (z)Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - - uro request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-S(e)(3) or 17 CFR 240.18a-7(d)(2}, as applicable. {3}------------------------------------------------ ## R A CAPITAL MARKETS, LLC ## CONTENTS # SECTION I Report ursuant to Rule 17a-5(d) of the Secu ties & Exchange Commission | | | PAGE | |-------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------|------| | REPORT OF INDEPENDE T REGISTERED PUBLIC | | 1 | | ACCOUNTING FIRM
STATEMENT OF FINANCI L CONDITION | | 2 | | STATEMENT OF OPERA IONS | | 3 | | STATEMENT OF CHANG SIN MEMBER'S EQUITY | | 4 | | STATEMENT OF CASH F OWS | | 5 | | NOTES TO FINANCIALS ATEMENTS | | 6-10 | | SUPPLEMENTARY INFO MATION
Computation of Net C pital Pursuant
to Uniform Net Capita Rule 15c3-1 | | 11 | | Computation for Deter,
Requirements and Information Relating to
Possession or Contr I Requirements for
Brokers and Dealers | ination of the Reserve
1
ursuant to Rule 15c3-3 | 12 | | | SECTION II | | | REPORT OF INDEPENDE T REGISTERED PUBLIC
ACCOUNTING FIRM | | 13 | | EXEMPTION REPORT · | | 14 | | | | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) ## **REPORT OF INDEPEN, ENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Sole Member of Reva Capital Markets LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of **Reva Capital Markets LLC** (the "Company'') as of December 31, 2021, the related statements of operations, changes in member's equity, and cash flows for the year ended December 31, 2021, 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 the Company as of December 31, 2021, and the results of its operations and its cash flows for the year ended December 31, 2021, in conformity with accounting principles generally accepted in tlile United States of America. #### **Basis for Opinion** These Financial Statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company'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 the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and th 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, wh ther 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 includeSecurities owned at fair market value
Other assets | \$ | 38,922
301,788
10,085 | | TOTAL ASSETS | \$ | 350,795 | | | LI BILITIES AND MEMBER'S EQUITY | | | LIABILITIES
Accrued expenses and other liabilit es | \$ | 7,031 | | MEMBER'S EQUITY | | 343,764 | | TOTAL LIABILITIES AND MEMB R'S EQUITY | \$ | 350,795 | | | | | | | | | {6}------------------------------------------------ #### R VA CAPITAL MARKETS, LLC #### S ATEMENT OF OPERATIONS #### FOR TH YEAR ENDED DECEMBER 31, 2021 | REVENUE
Realized and unrealized gains on ma etable securities
Private placement fees
Gain on extinguishment of debt | 392,344
376,230
20,832 | | \$
789,406 | |------------------------------------------------------------------------------------------------------------------------------|------------------------------|------------------------------------|---------------| | TOTAL REVENUE | | | 789,406 | | EXPENSES
Professional fees
Rent | \$ | 65,780
18,462 | | | Other operating expenses
Regulatory fees
Commission expense
Miscellaneous | | 17,831
16,173
339,629
285 | | | TOTAL EXPENSES | | | 458,160 | | NET INCOME | | | \$
331,246 | | | | | | | | | | | | | | | | | | | | | | The accompanying notes are an integr I part of these financial statements. | | | | 3 {7}------------------------------------------------ #### REVA C PITAL MARKETS, LLC ## STATEMENT OF I HANGES IN MEMBER'S EQUITY ## FOR THE YEA ENDED DECEMBER 31, 2021 | Member's equity -
January 1, 2021 | \$
29,624 | |----------------------------------------|---------------| | Capital contributions | 17,831 | | Capital withdrawals | (34,938) | | Net Income | 331,246 | | Member's equity -
December 31, 2 21 | \$
343,763 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The accompanying notes are an in gral part of these financial statements. {8}------------------------------------------------ #### REVA CAPITAL MARKETS, LLC #### STAT MENT OF CASH FLOWS #### FOR THE YE R ENDED DECEMBER 31, 2021 # CASH FLOWS FROM OPERATIN ACTIVITIES Net Income Adjustments to reconcile net loss t net cash used by operating activities: Realized and unrealized gains o marketable securities Operating expenses deemed a member's contributions (Increase) decrease in operatin assets: Sale of marketable securities Other assets Increase (decrease) in operatin liabilities: Accrued expenses and other Ii bilities TOTAL ADJUSTMENTS NET CASH USED BY OPER TING ACTIVITIES CASH FLOWS PROVIDED BY FIN NCING ACTIVITIES: Capital withdrawals NET INCREASE IN CASH CASH AT BEGINNING OF YEAR CASH AT END OF YEAR SUPPLEMENTAL INFORMATION: Non-Cash Financing Activities: Capital contribution in lieu of re t and other expenses (392,344) 17,831 90,846 74 (767) \$ 331,246 (284,360) 46,886 **(34,938)** 11,948 26,974 \$ 38,922 \$ 17,831 The accompanying notes are an int gral part of these financial statements. I {9}------------------------------------------------ # RE A CAPITAL MARKETS, LLC # NOTES TO S ATEMENT OF FINANCIAL CONDITION # FOR THE EAR ENDED DECEMBER 31, 2021 # **Note 1** - **Organization and natu of business:** Reva Capital Markets, LLC (the "Company"), a wholly owned subsidiary of Reva Capital Holdings, LLC (the "Parent''), co menced operations as a broker-dealer on December 14, 2000. As such, the Company is registered with the Securities and Exchange Commission (the "SEC") and a member of t e Financial Industry Regulatory Authority ("FINRA"). The Company is registered in twenty-t ree states. The Company's operations con ist primarily of engaging in transactions involving private placements of securities exempt from registration. In addition, the Company also provides pricing, valuation and consulting, in connection with the purchase and sale of asset-backed securities, mortgage-backed se urities, collateralized debt obligations, collateralized loan obligations, and commercial mo gage backed securities. The accompanying financial st tements have been prepared from the separate records maintained by the Company and due to certain transactions and agreements with affiliated entities, may not necessarily be i dicative of the financial condition that would have existed or the results that would have b n obtained from operations had the Company operated as an unaffiliated entity. The Company's policy is to co tinuously monitor its exposure to market and counterparty risk through the use of a ariety of financial position and credit exposure reporting and control procedures. In ad ition, the Company has a policy of reviewing the credit standing of each broker-de ler, clearing organization, customer and/or other counterparty with which it cond cts business. ## **Note 2** - **Significant accounting** ## **Cash and cash equivalents:** Financial instruments which pote tially subject the Company to concentrations of credit risk consist primarily of cash and ca h equivalents. The Company considers all highly liquid debt instruments with an origin I maturity of three months or less when purchased to be cash equivalents. As of Decem er 31, 2021, the Company maintained its cash at one financial institution located in th United States of America. The Company had no cash equivalents at that date. ## **Revenue recognition:** Effective January 1, 2018, th Company adopted ASC Topic 606, Revenue from Contracts with Customers ("AS1 Topic 606"). The new revenue recognition guidance requires that an entity recognize revenue to depict the transfer of promised goods or {10}------------------------------------------------ # CAPITAL MARKETS, LLC # NOTES TO STATE ENT OF FINANCIAL CONDITION (continued) # FOR THEY AR ENDED DECEMBER 31, 2021 services to customers in an amo nt that reflects the consideration to which the entity expects to be entitled in exchan e for those goods or services. The guidance requires an entity to follow a five-step m del to (a) identify the contract(s) with a customer, (b) identify the performance obligati ns in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or s) the entity satisfies a performance obligation. In determining the transaction pric , an entity may include variable consideration only to the extent that it is probable t at a significant reversal in the amount of cumulative revenue recognized would not o cur when the uncertainty associated with the variable consideration is resolved. The ompany applied the modified retrospective method of adoption which resulted in no ad ustment to retained earnings as of January 1, 2018. The Company recognizes fee in I ome as earned. Fee income is earned at the time the related services are provided and when the right to receive payment is assured, as defined by the terms and conditions of ea h client agreement. The Company receives fees for t e introduction of buyers and sellers in equity transactions pursuant to a contract. Revenue is recognized at the point in time that the performance arrangement is complete (as s t forth under the terms of the agreement). In some circumstances, significant judge ent is needed to determine the timing and measure of progress appropriate for revenue cognition under a specific contract. Revenue from contracts with cust mers is recognized when, or as, the Company satisfies its performance obligations by trans~ rring the promised services to the customers. A service is transferred to a customer when, or as, the customer obtains control of that service. A performance obligation may be atisfied at a point in time or over time. Revenue from a performance obligation satisfied at a point in time that the Company determines the customer obtains control over the ervice. Revenue from a performance obi gation satisfied over time is recognized by measuring the Company's progress in satisfying the performance obligation in a manner that depicts the transfer of the services to the c sterner. The amount of revenue recognized reflects the consideration the Company exp cts to receive in exchange for those promised services (i.e., the ''transaction price"). In d termining the transaction price, the Company considers multiple factors, including the effe ts of variable consideration, if any. On January 1, 2020, the Campa y adopted FASB ASC 326 - "Financial Instruments - Credit Losses" ("ASC Topic 32p") which replaces the incurred loss methodology with the current expected credit loss ("CECL") methodology. The Company's policy is to record an estimate of expected credit losses as an allowance for credit losses. The new CECL standard became effectiv on January 1, 2020 and had no impact on the Company as of that date. 7 {11}------------------------------------------------ # R 'A CAPITAL MARKETS, LLC # NOTES TO STATE ENT OF FINANCIAL CONDITION (continued) # FOR THEY AR ENDED DECEMBER 31, 2021 # **Forgivable Loans** - **Paycheck P otection Program (PPP):** The Company's policy is to a count for forgivable loans received through the Small Business Administration (SBA) nder the Coronavirus Aid, Relief and Economic Security Act (CARES Act) Paycheck Pro ection Program as debt in accordance with ASC Topic 470, Debt ("ASC 470"), and othe related accounting pronouncements. The forgiveness of debt is extinguished, which occu when the Company is legally released from the liability by the SBA. Any portion forgive , adjusted for accrued interest forgiven and unamortized debt issuance costs, is recorded s a gain on extinguishment of debt, and presented in the other income section of the state ent of operations. During 2021, the Company wa notified that its loan, under the Paycheck Protection Program, was forgiven as of Se tember 7, 2021. The principal forgiven totaled \$20, 832 and was recorded as a gain on e inguishment of debt in the statement of operations. ## **Income taxes:** The Company is a single memb r limited liability company and, as such, is treated as a disregarded entity and is not subj ct to income taxes. FASB provides guidance for how uncertain tax positions should be recognized, measured, disclosed and pre nted in the financial statements. This requires the evaluation of tax positions take or expected to be taken in the course of preparing the Company's tax returns to deter ine whether the tax positions are "more-likely-than-not" of being sustained ''when ch llenged" or "when examined" by the applicable tax authority. Tax positions not dee ed to meet the more-likely-than-not threshold would be recorded as a tax benefit or exp nse and liability in the current year. For the year ended December 31, 2021 managem nt has determined that there are no material uncertain income tax positions. On January 1, 2021, the C mpany adopted ASU 2019-12 (Topic 740) which incorporated ASC 7 40-1 0-30-27 to clarify that legal entities that are not subject to tax such as certain partnerships an disregarded single member limited liability companies are not required to include, in t eir separate financial statements, allocated amounts of consolidated current and defer ed taxes. The adoption of the ASU did not have a material impact on the Compan 's financial statements and related disclosures. #### **Use of estimates:** The Company maintains its books and records on an accrual basis in accordance with accounting principles generally ~ccepted in the United States of America which require management to make estimate~ and assumptions in determining the reported amounts of assets and liabilities and dis losure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from these estimates. 8 {12}------------------------------------------------ # R 'A CAPITAL MARKETS, LLC # NOTES TO STATE ENT OF FINANCIAL CONDITION (continued) # FOR THE EAR ENDED DECEMBER 31, 2021 # **Note 3** - **Related party transacti ns:** For the year ended Decembe 31, 2021, the Company shared office space with the Parent. In accordance with an e pense sharing agreement (the "Agreement"), the Parent allocates a percentage of the re t and certain other overhead and administrative expenses to the Company. At times, the ompany pays the expenses of the service provider. The Statement of Operations include the rent expense of \$18,462 which was paid in cash and other operating expenses of \$1 ,831 which were recorded as capital contributions by the Parent. The Parent has adequ te resources independent of the Company to pay these expenses, and the Company as no additional obligation, either direct or indirect, to compensate a third party for thes expenses. ## **Note 4** - **Due from broker:** The Company does not conduc business that requires the services of a clearing broker. ## **Note 5** - **Liabilities subordinat d to the claims of general creditors** As of December 31, 2021, the Company had not entered into any subordinated loan agreements. ## **Note 6** - **Commitments and co tingent liabilities** The Company had no underwriting commitments, no contingent liabilities and had not been named as defendant in a y lawsuit at December 31, 2021 or during the year then ended. The worldwide outbreak of the oronavirus (COVID-19) may have an adverse impact on the financial markets and the ov rall economy. In the event such an adverse impact was to occur and last for a sustaine period, the operations and financial performance of the Company may be adversely aff cted. At this point however, the severity of such an event is highly uncertain and cannot b predicted. ## **Note 7** - **Net capital requiremen** : I The Company is subject to SE~ Unifonn Net Capital Rule 15c3-1, which requires the maintenance of minimum net ca ital and requires that the ratio of aggregate indebtedness to net capital, both as defined, s all not exceed 15 to 1. In addition, the Rule also provides that equity capital may not be ithdrawn or cash distributions paid if the resulting net capital would exceed 10 to 1. At December 31, 2021, the Company had net capital of \$288,411, which exceeded thJ minimum requirement of \$5,000 by \$283,411. The Company's ratio of aggregate indJbtedness to net capital was 0.024 to 1. 9 {13}------------------------------------------------ # **RE 'A CAPITAL MARKETS, LLC** # **NOTES TO STATE ENT OF FINANCIAL CONDITION (continued)** # **FOR THEY AR ENDED DECEMBER 31, 2021** # **Note 8 - Fair Value of Financial I struments:** **FASB ASC. No. 825, Financial In truments establishes a fair value hierarchy that prioritizes the inputs to valuation technique used to measure fair value. This hierarchy consists of three broad levels: Level 1 inputs consist of unadjusted quoted prices in active markets for identical assets and have the hig est priority, while level 3 inputs have the lowest priority. The Company uses the appropri te valuation techniques based on the available inputs to measure the fair value of the in estments. When available, the Company measures fair value using Level 1 inputs becau e they generally provide the most reliable evidence of fair value.** **The following presents the Com any's December 31, 2021 assets and liabilities that are measured at fair value on a re urring basis and are categorized using the fair value hierarchy.** | | Level 1 | Level
2 | Level3 | Total | |------------------|-----------|------------|----------|-----------| | Securities owned | \$301,788 | \$ -
- | \$-
- | \$301,788 | ## **Note 9 - Subsequent events:** **The Company has evaluated s bsequent events through the date that these financial statements were issued and d termined that no further information is required to be disclosed.** {14}------------------------------------------------ ## REVA C PITAL MARKETS, LLC ## COMPUTATION O NET CAPITAL PURSUANT TO UNIFORM N, T CAPITAL RULE 15C3-1 | CREDITS
Member's equity | | \$343,764 | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|-------------|--|--| | DEBITS
Other assets | | 10,085 | | | | NET CAPITAL BEFORE HA RCUTS
ON SECURITY POSITIO s | | 333,679 | | | | HAIRCUTS ON SECURITIES | | 45,268 | | | | NET CAPITAL | | 288,411 | | | | Minimum net capital requireme t | | 5,000 | | | | EXCESS NET CAPITAL | | \$ 283,411 | | | | AGGREGATEINDEBTEDNES
Accrued expenses and other I abilities | | 7,031
\$ | | | | | | | | | | STATEMENT PURSUANT TO
ARAGRAPH d 4 OF RULE 17a-5 | | | | | | There are no material differe ces between the above computation
and the computation included i
the Company's corresponding
unaudited Form X -
17a -
5 Pa
IIA. | | | | | See Report of Independent Re istered Public Accounting Firm and Notes to Financial Stateme ts 11 {15}------------------------------------------------ #### APITAL MARKETS, LLC #### COMPUTATION FOR DETER INATION OF THE RESERVE REQUIREMENTS AND INFORMATION RELATING O POSSESSION OR CONTROL REQUIREMENTS FOR THE YE R ENDED DECEMBER 31, 2021 The Company does not hold cash r securities of customers and therefore has nothing to disclose related to the requirements f these schedules. See Report of Independent Registere Public Accounting Firm {16}------------------------------------------------ ![](_page_16_Picture_0.jpeg) lselin, NJ 08830 ~ (732) 781-2712 Berkower.io #### **REPORT OF INDEPE DENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Sole Member of Reva Capital Markets LLC We have reviewed management's stat! ments, included in the accompanying **Reva Capital Markets** LLC's Exemption Report Pursuant to Rule 17 C F.R. § 240.17a-5 of the Securities and Exchange Commission, in which Reva Capital Markets LLC (the "Company") (1) stated that the Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240. 15c3-31 and that the Company is filing an exemption report relying on Footnote 74 of the Securities and Exchange Commission ("SEC") Release 34-70073 adopting amendments to 17 C.F.R. § 240 17a-5, because the Company limits Jits business activities exclusively to the private placement of securities and chaperoning services pursuant to SEC Rule 1 Sa-6 for private placements and the Company (i) did not directly or indirectly receive, hold, or otherwise 9we 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 the Exchange Act Rule 15c2-4; (ii) did not carry accounts a,f or for customers, and (iii) did not carry PAS accounts (as defined in Rule 15c3-3) and (2) the Company stat~d that the Company met the identified conditions for reliance on the Footnote 74 provisions throughout the m9.st recent fiscal year without exception. The Company's management is responsible for compliance with the provisions set forth in 17 C.F.R. § 240.17a-5 and its statements. Our review was conducted in accordance! with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included 1 inquiries and other required procedures to obtain evidence about Reva Capital Markets LLC's compliance with th~ provisions set forth in 17 C.F.R § 240.17a-5. A review is substantially less in scope than an examination, the bbjective 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 b fairly stated, in all material respects. tf *µ* ~-&/ 1/4\_ Berkower LLC lselin, New Jersey April 14, 2022 {17}------------------------------------------------ ## **R va Capital Markets, LLC** #### **Exemption Report** This is to certify that, to the best of y knowledge and belief: Reva Capital Markets, LLC (the "C mpany"), is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and E change 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 he best ofmy knowledge and belief, the Company states the following: - (1) The Company does not claim an exemption under paragraph (k) of 17 C.F.R. §240.15c3- 3, and - (2) The Company is filing this E emption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amen ments to 17 C.F.R. §240.17a-5 because the Company limits its business activities e elusively to ( 1) the private placement of securities; (2) chaperoning services pursuan to SEC Rule 1 Sa-6 for private placements, and; (3) The Company (1) did not directly r indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in comp iance with paragraph (a) or (b)(2) of Rule 15c2-4; (2) did not carry accounts of or for c tomers; and (3) did not carry P AB accounts ( as defined in Rule 15c3-3). The Company met the identified exe ption throughout the year ending December 31, 2021 without exceptions. Reva Capital Markets, LLC I, Vageesh Naik, swear that, to my bet knowledge and belief, this Exemption Report is true and correct. By:\_~~ Title: Chief Executive Officer Dated: April 14, 2022 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.