# CAPLINK SECURITIES, INC X-17A-5 (2026-04-09) — Broker-dealer annual report - Company: CAPLINK SECURITIES, INC - Form: X-17A-5 - Filed: 2026-04-09 - Period: 2025-12-31 - Accession: 0001280342-26-000003 - CIK: 1280342 - File #: 8-66379 - Type: Broker-dealer - Material weakness: No - Auditor: Michael Coglianese CPA, P.C. - Auditor location: Lincolnshire, IL - Contact: Scott Mibu - Phone: 310-952-0987 - Email: thomasbarrettca@gmail.com - Signed by: Scott Mibu (President) Original filing: https://www.sec.gov/Archives/edgar/data/1280342/000128034226000003/CL2025AuditPublic2.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL REPORTS OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER 8-66379 # FORM X-17A-5 PART III 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 01/01/2025 | | | AND ENDING 12/31/2025 | | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|------------------------------------------------------------|-----------------------|--------------------------------------------| | | MM/DD/YY | | | MM/DD/YY | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF FIRM: CapLink Securities Inc. | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
Security-based swap dealer __ Major security-based swap participant
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.) | | | | | | 1230 Rosecrans Avenue, Suite 300 | | | | | | | (No. and Street) | | | | | Manhattan Beach | | California | | 90266 | | (City) | (State) | | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Thomas Barrett | 949-244-1980 | | | thomasbarrettca@gmail.com | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | | B. Accountant IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Michael Coglianese CPA, P.C. | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | 300 Tri State International, Suite 180 Lincolnshire | | | | 60069 | | (Address) | (City) | | (State) | (Zip Code) | | (Date of Registration with PCAOB)(if applicable) | FOR OFFICIAL USE ONLY | | | (PCAOB Registration Number, if applicable) | | * Claims for exemption from the requirement that the annual 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 | Scott Mibu | _ swear (or affirm) that, to the best of my knowledge and belief, the | |--------------------------------------------------------------------|-----------------------------------------------------------------------| | financial report pertaining to the firm of CapLink Securities Inc. | as of | December 31 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. attaction of the setting purper | Signature: | | | |------------|--|--| | Title: | | | | President | | | ### This filing\*\* contains (check all applicable boxes): - (a) Statement of financial condition. - (b) Notes to consolidated statement of financial condition. - □ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - [ (d) Statement of cash flows. - [ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - [ (f) Statement of changes in liabilities subordinated to claims of creditors. - [g) Notes to consolidated financial statements. - [ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [i] Computation of tangible net worth under 17 CFR 240.18a-2. - □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - [ (k) Computation for determination of security-based swap reserve requirement spursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - [ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - [ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - □ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - [p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - [r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - @ (t) Independent public accountant's report based on an examination of the statement of financial condition. - □ (u) Independent public accountant's report based on an examination of the financial 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 240.17a-12, as applicable. - [ (y) Report describing any material inadequacies 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 chis filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18c-7(d)(2), as applicable. {2}------------------------------------------------ A notary public or other officer completing this A notary public of other only the identity of the individual certificate vermes criment to which this certificate who signed the document the truthfulness, accuracy, or validity of that document. 8 State of California Geles County of Subscribed and sworn to (or affirmed) before me on this Subscribed and swom to (on animos) sout Nib) proved to me on the basis of satisfactory evidence to be the proson(s) who appeared before me. NICOLE AGULTO Notary Public - California Los Angeles County Los Aligen # 2455192 Comm. Expires Jul 27, 2027 Signature (Seal) {3}------------------------------------------------ CapLink Securities Inc Financial Statements and Supplemental Schedules Required by the U.S. Securities and Exchange Commission Including Independent Auditor's Report Thereon For the Year-Ended December 31, 2025 {4}------------------------------------------------ ## Contents | Independent Auditor's Opinion | | |----------------------------------|--| | Statement of Financial Condition | | | Notes to Financial Statements | | {5}------------------------------------------------ CapLink Securities Inc Independent Auditor's Opinion For the Year-ended December 31, 2025 {6}------------------------------------------------ ![](_page_6_Picture_0.jpeg) #### Report of Independent Registered Public Accounting Firm To the Board of Directors and Shareholders of Caplink Securities, Inc #### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Caplink Securities, Inc as of December 31, 2025, and the related notes (collectively referred to as the financial statement). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of Caplink Securities, Inc as of December 31, 2025, in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion This financial statement is the responsibility of Caplink Securities, Inc's management. Our responsibility is to express an opinion on Caplink Securities, Inc's financial statement 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 Caplink Securities, Inc in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the РСАОВ. 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 statement is 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 statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. We have served as Caplink Securities, Inc's auditor since 2019. Lincolnshire, IL March 24, 2026 {7}------------------------------------------------ #### CapLink Securities Inc Statement of Financial Condition For the Year-Ended December 31, 2025 | Total assets | ഗ | 234,340 | |----------------|---|---------| | Prepaid assets | | 3,072 | | Cash | ഗ | 231,268 | | Accounts payable and accrued expenses | ട | 3,106 | |--------------------------------------------------------|---|---------| | Commissions Payable | | 197,063 | | Total liabilities | | 200,169 | | Shareholders' equity | | | | Common stock, . 001 par value; 10,000 share authorized | | | | 2,000 shares outstanding | ഗ | 2 | | Additional paid-in capital | | 31,443 | | Retained Earnings | | 2,726 | | Total shareholders' equity | | 34,171 | | Total Liabilities and Shareholders' Equity | S | 234,340 | The accompanying notes are an integral part of these financial statements. {8}------------------------------------------------ #### CapLink Securities Inc Notes to Financial Statements As of and for the Year-Ended December 31, 2025 ### NOTE I - SIGNIFICANT ACCOUNTING POLICIES Organization – CapLink Securities, Inc. (the "Company") was incorporated in the State of California on April 17, 2003, under the name Centara Capital Securities, Inc. Operations began July 2004. In August 2015, the Company changed their name to CapLink Securities, Inc. and filed the change with the Secretary of the State of California. The Company is registered with the Securities and Exchange Commission and is a member of the Financial Industry Regulatory Authority (FINRA). Basis of Presentation – The Company's financial statements have been prepared in conformity with United States Generally Accepted Accounting Principles ("GAAP") which require management to make certain estimates and assumptions that affect the amounts presented in the accompanying financial statements. Actual results may differ from those estimates. Revenue Recognition – Third party marketing revenue is recognized in the form of monthly fees earned as a percentage of the manager's fees assessed and earned on the assets in the various funds. Marketing fees are recognized in the month that they are earned. Due to the nature of the Company's business, the size of any one transaction may be significant to the Company's operations for the period. The Company had two clients each of which represented more than 10% of total revenue for 2025. The two clients represented 25.9% and 12.1% of 2025 revenues, respectively. Concentrations of Credit Risk - The Company's cash is on deposit at one financial institution and the balance at times may exceed the federally insured limit. The Company believes it is not exposed to any significant credit risk to cash. 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 period. Actual results could differ from those estimates. #### Broker Dealer - Single Reportable Segment The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services, including principal transactions, agency transactions, investment banking, and investment advisory. The Company has identified it's President as the chief operating decision making ("CODM") who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 7), 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 policies. The company derived 38.0% of its total revenues from two clients in 2025. {9}------------------------------------------------ ### NOTE 2 - FAIR VALUE Unless otherwise indicated, the fair values of all reported assets and liabilities that represent financial instruments (none of which are held for trading purposes) approximate the carrying values of such amounts. NOTE 3 - INCOME TAXES The Company has elected to be taxed under the provisions of subchapter S of the Internal Revenue Code and comparable State of California statutes wherein the Company's taxable federal and state income is taxed directly to the shareholder. Additionally, the state of California imposes a 1.5% state franchise tax on the corporation's taxable income. The accounting principles generally accepted in the United States of America provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Company in its Federal and State organization tax returns are more likely than not to be sustained upon examination. The Company is subject to examinations by U.S. Federal and State tax authorities from 2017 to the present, generally for three years after they are filed. ### NOTE 4 – EXEMPTION FROM THE SEC RULE 15C3-3 The Company conducts business activities involving receiving transaction-based compensation for identifying potential merger and acquisition opportunities for clients and/or referring securities transactions to other brokerdealers. The Company does not accept customer funds or securities and will not have possession of any customer funds or securities in connection with our activities. Therefore, in reliance on footnote 74 to SEC Release 34- 70073 and as discussed in Q&A 8 of the related FAQ issued by SEC staff, the firm does not claim an exemption from SEA Rule 15c3-3. The Company conducts under the "Non-Covered Firm" provision. ### NOTE 5 – LEASE FOOTNOTE The Company leased office space from MP Core 200 Pier LLC; the lease terminated on April 30, 2025. As of December 31, 2025, the Company leases office space on a month-to-month basis from Premier Officespaces. The rent expense for the year was \$17,552. ### NOTE 6 – RELATED PARTY COMMISSIONS During the year ended December 31, 2025, the Company incurred commission expense of \$506,411 paid to the owners of the Company in connection with revenues generated under fee agreements. The owners are considered related parties due to their ownership and ability to influence the Company's operations. Commission rates and other terms under these agreements are consistent with those offered to non-owner agents for similar services. On December 31, 2025, the commissions payable was \$197,063. The payable was generated by a contract with the client Finalis. The allocation of the commissions had not been determined through the date of the financial statements. However, the majority of those commissions will ultimately be paid to the owners of the Company. ### NOTE 7 – SIPC SUPPLEMENTARY REPORT REQUIREMENT SEA Rule 17a-5(e)(4) requires a registered broker-dealer not exempt from SIPC membership with gross revenues that exceed \$500,000 to file an Agreed Upon Procedures Report (AUP Report). SIPC members with gross revenues below \$500,000 are not required to file an AUP Report. Broker-dealers exempt from SIPC membership must file a Form SIPC-3 and are required to file an AUP Report. If an AUP Report is required to be filed with SIPC, such report may be filed separately or included within this Supplemental Information section. {10}------------------------------------------------ ### NOTE 8 – NET CAPITAL REQUIREMENT The Company is a member of FINRA and is subject to the SEC Uniform Net Capital Rule (SEC 15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. The Company's applicable minimum net capital is the greater of \$5,000 or 6-2/3% percent of total aggregated indebtedness. SEC 15c3-1 also provides that equity capital may not be withdrawn, or dividends paid if the resulting net capital ratio would exceed 10 to 1. On December 31, 2025, the Company had net capital of \$31,099 which was \$17,754 in excess of its required net capital of \$13,345. The Company's ratio of aggregate indebtedness to net capital was 643.65% on December 31, 2025. NOTE 9 – SUBSEQUENT EVENTS Management has reviewed the results of operations for the period from its year end December 31, 2025, through the date the financial statements were available to be issued and has determined that no adjustments are necessary to the amounts reported in the accompanying financial statements nor have any material subsequent events occurred, the nature of which would require disclosure. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.