# CE CAPITAL ADVISORS, INC. X-17A-5 (2021-03-01) — Broker-dealer annual report
- Company: CE CAPITAL ADVISORS, INC.
- Form: X-17A-5
- Filed: 2021-03-01
- Period: 2020-12-31
- Accession: 0001283038-21-000001
- CIK: 1283038
- File #: 8-66411
- Material weakness: No
- Auditor: Cree Alessandri & Strauss CPAs LLC
- Auditor location: Wellesley Hills, MA
- Contact: Daniel Dane
- Phone: 508-263-6200
- Email: jerome20016@gmail.com
- Website: cascpallc.com
- Signed by: Daniel Dane (FINOP)
Original filing: https://www.sec.gov/Archives/edgar/data/1283038/000128303821000001/ceca.pdf
---
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**UNITED ST ATES SECURITIES AND EXCHANGE COMMISSION Washington,D.C. 20549**
0MB APPROVAL 0MB Number: 3235-0123 Expires: October 31 , 2023 Estimated average burden hours per resoonse ...... 12.00
## **ANNUAL AUDITED REPORT FORM X-17A-5 PARTIII**
SEC FILE NUMBER B-66411
**FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder**
| REPORT FOR THE PERIOD BEGINNING 0 1/01 /20 | | AND ENDING 12/31 /20 | ----------- |
|---------------------------------------------------------------------------|--------------------------------------------------------|----------------------|------------------------------------------------|
| | MM/DD/YY | | MM/DD/YY |
| | A. REGISTRANT IDENTIFICATION | | |
| NAME OF BROKER-DEALER: CE Capital Advisors, Inc. | | OFFICIAL USE ONLY | |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | | FIRM I.D. NO. |
| 293 Boston Post Road, West | Suite 500 | | |
| | (No. and Street) | | |
| Marlbourgh | MA | | 01752 |
| (City) | (State) | | (Zip Code) |
| NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT | | | |
| Daniel Dan | | | 508-263-6200
(Area Code - Telephone Number) |
| | B. ACCOUNTANT IDENTIFICATION | | |
| | | | |
| INDEPENDENT PUBLIC ACCOUNT ANT whose opinion is contained in this Report* | | | |
| Cree Alessandri & Strauss CPAs LLC | | | |
| | (Name - if individual, state last, first, middle name) | | |
| 20 Walnut Street | Wellesley Hills | MA | 02481 |
| (Address) | (City) | (State) | (Zip Code) |
| CHECK ONE: | | | |
| [{]certified Public Accountant | | | |
| Public Accountant | | | |
| | | | |
| Accountant not resident in United States or any of its possessions. | | | |
| | FOR OFFICIAL USE ONLY | | |
| | | | |
| | | | |
*\*Claims for exemption from the requirement that the annual report be covered by the opinion of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis for the exemption. See Section 240.17a-5(e)(2)*
> **Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currentlyvalld 0MB control number.**
SEC 1410 (11-05)
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#### **OATH OR AFFIRMATION**
| -----------------
1 Daniel Dan
'
- | ------------·
, swear ( or affirm) that, to the best of |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|
| my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of
CE Capital Advisors, Inc. | --------------------------------- |
| of December 31 | , as
, 20_2_0 ___
are true and correct. I further swear (or affirm) that |
| neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account
classified solely as that of a customer, except as follows: | |
| Digitally signed by Laureen G_ Sasseville
DN: C=US, OU="Notary Public,
aure en
L
G
Commission Expires 10/19/2023",
O=Commonwealth of Massachusetts,
CN=Laureen G Sasseville,
•
-E=jerome20016@gmail.com
11
S
as S evl
e integrity of this document
Reason: I attest to the accuracy and
Location: Worcester County
Date: 2021-02-28 14:21 :16
Foxit PhantomPDF Version: 9.7.5
Notary Public | Signature
Financial Operations Manager
Title |
| This report ** contains ( check all applicable boxes):
0 (a) Facing Page.
[2] (b) Statement of Financial Condition.
I{] ( c) Statement oflncome (Loss) or, if there is other comprehensive income in the period(s) presented, a Statement
ofC0mprehensive Income (as defined in §210.1-02 of Regulation S-X).
(d) Statement of Changes in Financial Condition.
✓✓
0
(e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital.
D (f) Statement of Changes in Liabilities Subordinated to Claims of Creditors.
(g) Computation of Net Capital.
,
(h) Computation for Determination of Reserve Requirements Pursuant to Rule l 5c3-3.
~;
(i) Information Relating to the Possession or Control Requirements Under Rule l 5c3-3 .
D G) A Reconciliation, including appropriate explanation of the Computation ofNet Capital Under Rule 15c3-1 and the
Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3.
0 (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of
consolidation.
(I) An Oath or Affirmation .
(m) A copy of the SIPC Supplemental Report. | (n) A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit. |
| **For conditions of confidential treatment of certain portions of this filing, see section 240. J 7a-5(e)(3). | |
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CE Capital Advisors, Inc. Financial Statements and Supplemental Schedules December 31, 2020
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# CE Capital Advisors, Inc.
## Index
| Report of Independent Registered Public Accounting Firm | 1 |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----|
| Financial Statements: | |
| Statement of Financial Condition | 2 |
| Statement of Operations | 3 |
| Statement of Changes in Stockholder's Equity | 4 |
| Statement of Cash Flows | 5 |
| Notes to Financial Statements | 6 |
| Review Report of Independent Registered Public Accounting
Firm Required by SEC Rule 17a-5 for a Broker-Dealer
claiming an exemption from SEC Rule 15c3-3
Supplementary Information Pursuant to Rule 17(a)-5 of the | 11 |
| Securities and Exchange Act of 1934: | |
| Computation of Net Capital Under
Schedule I -
Rule 15c3-1 of the Securities and
Exchange Commission Act of 1934 | 12 |
| Report of Independent Registered Public Accounting Firm
on Applying Agreed-Upon Procedures Related To an
Entity's SIPC Assessment Reconciliation | 13 |
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#### **Report of Independent Registered Public Accounting Finn**
To the Board of Directors of CE Capital Advisors, Inc.
#### **Opinion on the Financial Statements**
We have audited the accompanying statement of financial condition of CE Capital Advisors, Inc. as of December 31, 2020, the related statements of operations, changes in Stockholder's equity and cash flows for the year ended December 31, 2020, and the related notes and schedules (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of CE Capital Advisors, Inc., as of December 31, 2020, and the results of its operations and its cash flows for the year ended December 31, 2020, in conformity with accounting principles generally accepted in the United States of America.
#### **Basis for Opinion**
These financial statements are the responsibility of CE Capital Advisors, lnc.'s management. Our responsibility is to express an opinion on CE Capital Advisors, lnc.'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 CE Capital Advisors, Inc. 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 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.
#### **Auditor's Report on Supplemental Information**
The Supplemental Schedule I - Computation of Net Capital Under SEC Rule 15c3-1 (page 14), has been subjected to audit procedures performed in conjunction with the audit of CE Capital Advisors, lnc.'s financial statements. The supplemental information is the responsibility of CE Capital Advisors, lnc.'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 Supplemental Schedule 1- Computation of Net Capital Under SEC Rule 15c3-1 is fairly stated, in all material respects, in relation to the financial statements as a whole.
We have served as CE Capital Advisors, lnc.'s auditor since December 31, 2009.
Cree Alessandri & Strauss CPAs LLC February 22, 2021
1
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## **CE Capital Advisors, Inc. Statement of Financial Condition December 31, 2020**
## **Assets**
| Current assets | |
|---------------------------------------------------------------------------------------------|---------------|
| Cash and cash equivalents | \$
175,176 |
| Accounts receivable, net of \$0 allowance | 1,588 |
| Prepaid charges and other current assets | 3,030 |
| Accounts receivable, parent | 14,707 |
| Total current assets | 194,500 |
| Total assets | \$
194,500 |
| | |
| Liabilities and Stockholder's Equity | |
| Current liabilities | |
| Accounts payable | \$
727 |
| Accrued expenses | 331 |
| Accounts payable, parent | 6,679 |
| Total current liabilities | 7,737 |
| Stockholder's equity | |
| Common Stock, 1,500 shares \$.01 par value authorized, 800
shares issued and outstanding | 8 |
| Additional paid in capital | 231,917 |
| Deficit | (45,162) |
| Total stockholder's equity | 186,763 |
| | |
| Total liabilities and stockholder's equity | \$
194,500 |
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## **CE CAPITAL ADVISORS, INC.**
**Statement of Operations For The Year Ended December 31, 2020**
| Revenues | \$
552,699 |
|--------------------------------------|---------------|
| | |
| Operating expenses: | |
| Salaries, payroll taxes and benefits | 143,170 |
| Rent | 24,000 |
| Professional fees | 21,398 |
| Incentive compensation | 210,570 |
| Other expenses | 5,656 |
| Telephone & data expenses | 3,600 |
| License & registration | 2,520 |
| Total operating expenses | 410,915 |
| Income from operations | 141,783 |
| Interest income | 184 |
| Income before taxes | 141,967 |
| Income taxes | (1,626) |
| Net Income (Loss) for year | \$
143,593 |
{7}------------------------------------------------
## **CE Capital Advisors, Inc. Statement of Changes in Stockholder's Equity Year Ended December 31, 2020**
| | Common
Stock | Additional
Paid in
Capital | Retained
Earnings | Total |
|----------------------------|-----------------|----------------------------------|----------------------|--------------|
| Balance, January 1, 2020 | \$
8 | \$ 231,917 | \$ (188,755) | \$
43,170 |
| Income for year | | | 143,593 | 143,593 |
| Balance, December 31, 2020 | \$
===
8 | \$ 231,917 | \$
(45,162) | \$ 186,763 |
{8}------------------------------------------------
## **CE Capital Advisors, Inc. Statement of Cash Flows For the Year Ended December 31, 2020**
| Cash flows from operating activities:
Income (Loss) for year
Adjustments to reconcile loss to net
cash provided/(used) by operating activities: | \$
143,593 |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------|
| (Increase) decrease in:
Accounts receivable
Prepaid charges and other current assets
Increase (decrease) in: | (16,294)
(890) |
| Accounts payable
Unearned revenue | {5,831)
(128,610) |
| Net cash used by operating activities | (8,031) |
| Net decrease in cash and cash equivalents | {8,031) |
| Cash and cash equivalents, beginning of the year | 183,208 |
| Cash and cash equivalents, end of the year | \$
175,177 |
| Supplemental disclosures of cash flow information: | |
| Cash paid during the year for: | |
| Income taxes | \$
456 |
| Interest | \$ |
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## **Note 1 - Nature of Business**
CE Capital Advisors, Inc. (the "Company") was formed in October 2003 as a Massachusetts corporation. The Company is an independent registered broker-dealer and a member of the Financial Industry Regulatory Authority ("FINRA"). The Company acts as a broker in merger and acquisition transactions for private firms.
The Company is a wholly owned subsidiary of Concentric Energy Advisors, Inc. ("Parent").
## **Note 2 - Significant Accounting Policies**
## Basis of accounting:
The accompanying financial statements are presented on the accrual basis of accounting.
## Cash and Cash Equivalents:
The Company considers deposits with maturities of ninety days or less to be cash and cash equivalents.
## Estimates:
The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates by management in determining assets, liabilities, revenues and expenses. Actual results may differ from these estimates.
## Income Taxes:
The Company is a C Corporation and files a consolidated federal return with the parent as well as a unitary Massachusetts state return with the parent. All income is taxed at the consolidated corporate level.
## Subsequent Events:
Management has evaluated subsequent events through February 22, 2021, the date at which the statements were approved and available for issuance.
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## **Note 3 - Net Capital Requirements**
The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (Rule 15c3-1), which requires maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, as defined in the rule, shall not exceed 15 to 1.
At December 31, 2020, the Company had a net capital of \$167,439 which exceeds the required minimum net capital of \$5,000 by \$162,439.
## **Note 4 - Related Party Transactions**
The Company occupies office facilities and is provided general and administrative services by the Parent in accordance with an expense sharing agreement.
The Company is charged by the Parent for occupancy and administrative expenses which amounted to \$ 27,600 for 2020. Shared expenses are not payable if the Company is unable to make payment due to lack of collections from customers and affiliate.
The financial position and results of operations could be different in the accompanying financial statements if these transactions with the Parent did not exist.
## **Note 5 - Deferred Income Tax**
The Company files its income tax return on the cash basis of accounting. As a result, certain items such as accounts receivable and accounts payable while reflected in the accrual basis financial statements are not included in the tax returns.
## **Note 6 - Fair Value Measurements**
The "Fair Value Measurements and Disclosures" topic in the FASS Accounting Standards Codification establishes a framework for measuring fair value. That framework provides a fair value hierarchy
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## **Note 6 - Fair Value Measurements (continued)**
that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3).
The three levels of the fair value hierarchy under FAS 157 and its applicability to the plan are described:
Level 1 - Pricing inputs are quoted prices available in active markets for identical investments as of the reporting date. As required by the FASB "Fair Value Measurements and Disclosures" topic, the organization does not adjust the quoted price for these investments, even in situations where the organization holds a large position, and a sale could reasonably impact the quoted price.
Level 2 - Pricing inputs are quoted prices for similar investments, or inputs that are observable, either directly or indirectly, for substantially the full term through corroboration with observable market data. Level 2 includes investments valued at quoted prices adjusted for legal or contractual restrictions specific to these investments.
Level 3 - Pricing inputs are unobservable for the investment, that is, inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability. Level 3 includes investments that are supported by little or no market activity.
The Organization did not have any assets or liabilities adjusted to fair value for the year ended December 31, 2020.
## **Note 7 - Revenue from Contracts with Customers**
The Company has adopted ASU 2014-09 as of January 1, 2018. Management has evaluated the impact of the Company's adoption of ASU 2014-09 on its financial statements and determined that there was no significant impact to its financial position, results of operations and related disclosures. To make this determination, management has identified the contract with its customer, identified the performance obligations, determined the transaction price, allocated the transaction price to the performance obligations in the contract, and recognized revenue when the Company satisfies the performance obligation.
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#### **Note 8 - COVID-19**
In March 2020, the COVID-19 virus was declared a global pandemic, resulting in federal, state and local governments mandating various restrictions. Management is continuing to monitor this situation to identify and address any potential interruptions in business operations caused by the pandemic. The Company's priorities are to ensure the safety of our staff while maintaining operations. Management has considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.
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## **Review Report of Independent Registered Public Accounting Firm (required by SEC Rule 17a-5 for a Broker-Dealer claiming an exemption from SEC Rule 15c3-3)**
To: The Board of Directors of CE Capital Advisors, Inc.
We have reviewed management's statement, included in the accompanying "Financial and Operational Combined Uniform Single Report - Part IIA, Exemptive Provision under Rule 15c3-3" in which (1) CE Capital Advisors, Inc. determined that the Company does not meet any of the exemption conditions of paragraph (k) of Rule 15c3-3 (i.e., paragraph (k)(1), **(k)(2)(i)** or **(k)(2)(ii))** but also (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) and therefore is covered by Footnote 74 of the 2013 Release.
Accordingly, based on management's evaluation the Company makes the following statements to the best knowledge and belief of the Company:
- 1. We reviewed the provisions of Rule §15c3-3 and related guidance stated in the SEC Staffs FAQ and confirmed that the Company relied on Footnote 74 of the 2013 Release.
- 2. The Company conducted business activities involving investment banking and advisory services to customers throughout the year ended December 31, 2020 without exception.
- 3. The Company met the identified conditions for such reliance throughout the period January 1, 2020 to December 31, 2020 without exception.
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 CE Capital Advisors, lnc.'s
10
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compliance with the exemption provisions. 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 on the conditions set forth in Rule 15c3-3 under the Securities Exchange Act of 1934 Footnote 74, 2013 release.
We have served as CE Capital Advisors, lnc.'s auditor since December 31, 2009.
Cree Alessandri & Strauss CPAs LLC February 22, 2021
> Cree Alessandri & Strauss, Certified Public Accountants LLC 20 Walnut Street, Suite 301, Wellesley Hills, MA 02481 T: 781-480-1517 F: 781-480-1525 www.cascpallc.com
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Exemption Report SEA Rule 17a-5(d)(4)
February 20, 2021
Cree, Alessandri & Strauss Certified Public Accountants, LLC 20 Walnut Street Wellesley Hills, MA 02481
Dear Mr. Alessandri:
We, as members of management of CE Capital Advisors , Inc. (the "Company") are responsible for complying with Rule 17a-5, "Reports to be made by certain brokers and dealers". We have performed an evaluation of the Company's compliance with the requirements of Rule 17a-5 and the exemption provisions in Rule 15c3-3(k) (the "exemption provisions") and of the 2013 Release adopting amendments to Rule 17a-5, including Footnote 7 4 of the 2013 Release.
We have determined that the Company does not meet any of the exemption conditions of paragraph (k) of Rule 15c3-3 (i.e., paragraph (k)(1 ), (k)(2)(i) or (k)(2)(ii)) but also (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) and therefore is covered by Footnote 74 of the 2013 Release.
Accordingly, based on our evaluation we make the following statements to the best knowledge and belief of the Company:
- 1. We reviewed the provisions of Rule §15c3-3 and related guidance stated in the SEC Staffs FAQ and confirmed that the Company relied on Footnote 74 of the 2013 Release.
- 2. The Company conducted business activities involving investment banking and advisory services to customers throughout the year ended December 31, 2020 without exception.
- 3. The Company met the identified conditions for such reliance throughout the period January 1, 2020 to December 31, 2020 without exception.
Daniel Dane Financial Operations Manager
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# **CE Capital Advisors, Inc. Schedule I**
## **Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission Act of 1934**
## **December 31, 2020**
| Net Capital:
Total stockholder equity qualified for net capital | \$
186,763 |
|----------------------------------------------------------------------------------------------------------------|----------------------|
| Deduction for non-allowable assets:
Prepaid expenses and other current assets
Total non-allowable assets | (20,935)
(20,935) |
| Net capital before haircuts | 165,828 |
| Less: Haircuts | |
| Net capital | 165,828 |
| Minimum capital requirement | 5,000 |
| Excess net capital | \$
160,828 |
| Aggregate indebtedness:
Liabilities | \$
7,737 |
| Percentage of aggregate indebtedness to net capital | 4.67% |
No material differences exist between audited computation of net capital and unaudited computation of net capital.
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## **Independent Registered Public Accounting Firm Report on Agreed-Upon Procedures on schedule of assessments and payments (Form SIPC 7)**
To the Board of Directors CE Capital Advisors, Inc.
We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection Corporation (SIPC) Series 600 Rules, which are enumerated below and were agreed to by CE Capital Advisors, Inc. and the SIPC, solely to assist you and SIPC in evaluating CE Capital Advisors, lnc.'s compliance with the applicable instructions of the General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2020. CE Capital Advisors, lnc.'s management is responsible for its Form SIPC-7 and for its compliance with those requirements. This agreed-upon procedures engagement was conducted in accordance with standards established by the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures we performed, and our findings are as follows:
- 1) Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement records entries, noting no differences.
- 2) Compared the Total Revenue amounts reported on the Annual Audited Report Form X-17A-5 Part Ill for the year ended December 31, 2020 with the Total Revenue amount reported in Form SI PC-7 for the year ended December 31, 2020, noting no differences.
- 3) Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences.
- 4) Recalculated the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences; and
- 5) Compared the amount of any overpayment applied to the current assessment with the Form SIPC-7 on which it was originally computed, noting no differences.
{18}------------------------------------------------
We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on CE Capital Advisors, lnc.'s compliance with the applicable instructions of the Form SIPC-7 for the year ended December 31, 2020. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures; other matters might have come to our attention that would have been reported to you.
This report is intended solely for the information and use of the specified parties listed above and is not intended to be and should not be used by anyone other than these specified parties.
We have served as CE Capital Advisors, lnc.'s auditor since December 31, 2009. Cree Alessandri & Strauss CPAs LLC February 22, 2021
14
Cree Alessandri & Strauss, Certified Public Accountants LLC 20 Walnut Street, Suite 301 , Wellesley Hills, MA 02481 T: 781-480-1517 F: 781-480-1525 www.cascpallc.com
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| SIPC-7 | |
|----------------|--|
| (36-REV 12/18) | |
L
SECURITIES INVESTOR PROTECTION CORPORATION P.O. Box 92185 Washington, D.C. 20090-2185
202-371-8300
#### **General Assessment Reconciliation**
**SIPC-7** (36-REV 12118)
> > **a.. 0 c.:, C, ::z:** ::..:: **cc 0** ==
| | | | For the fiscal year ended 12/31/2020 |
|--|--|--|--------------------------------------|
(Read carefully the instructions in your Working Copy before completing this Form)
#### **TO BE FILED BY ALL SIPC MEMBERS WITH FISCAL YEAR ENDINGS**
1. Name of Member, address, Designated Examining Authority, 1934 Act registration no. and month in which fiscal year ends for purposes of the audit requirement of SEC Rule 17a-5:
r CE Captial Advisors, Inc. 293 Boston Post Road West, Suite 500 Marlborough, MA 01752
7 Note: If any of the information shown on the mailing label requires correction, please e-mail any corrections to form@sipc.org and so indicate on the form filed .
> Name and telephone number of person to contact respecting this form .
# \_J Daniel Dane (508)263-6208
| | 2. A. General Assessment (item 2e from page 2) | | |
|----|---------------------------------------------------------------------------------------------------------------------------------|-----|--|
| B. | Less payment made with SIPC-6 filed (exclude Interest)
07/27/2020 | | |
| | Date Paid | | |
| C. | Less prior overpayment applied | | |
| D. | Assessment balance due or (overpayment) | 337 | |
| E. | Interest computed on late payment (see instruction E) for __ ___ days at 20% per annum | 0 | |
| F. | Total assessment balance and interest due (or overpayment carried forward) | | |
| | G. PAYMENT:
✓ the box
----------
Check malled to P.O. BoxD Funds Wired D
ACH~337
Total (must be same as F above) | | |
| | \$ ( o
H. Overpayment carried forward | | |
| | | | |
3. Subsidiaries (S) and predecessors (P) included in this form (give name and 1934 Act registration number) :
| The SIPC member submitting this form and the
person by whom it is executed represent thereby
that all information contained herein is true, correct
and complete. | CE Capital Advisors, Inc. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------|
| Dated the 27th day of January | CFO/Fl NOP |
| | (Tille) |
| for a period of not less than 6 years, the latest 2 years In an easily accessible place. | This form and the assessment payment is due 60 days after the end of the fiscal year. Retain the Working Copy of this form |
| ;: | ffi Dates: | Postmarked | Received | Reviewed | |
|---------------------|------------------------|-------------------------------|----------|------------------------|--------------------------|
| I.I.I
LIJ
cc: | > Calculations __
_ | | | Documentation _
_ _ | ___
_
Forward Copy |
| | c:, Exceptions: | | | | |
| a | | en Disposition of exceptions: | | | |
{20}------------------------------------------------
## **DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT**
(1) Total revenues from the securities business of subsidiaries (except foreign subsidiaries) and
(2) Net loss from principal transactions in securities in trading accounts.
(4) Interest and dividend expense deducted in determining item 2a.
(3) Net loss from principal transactions in commodities in trading accounts.
**Item No.**
2b. Additions:
2a. Total revenue (FOCUS Line 12/Part IIA Line 9, Code 4030)
predecessors not included above.
Amounts for the fiscal period beginning 01/01/2020 and **ending12/31/2020**
| | Eliminate cents | |
|-----------|-----------------|--|
| \$556,448 | | |
| 0 | | |
|---|--|--|
| 0 | | |
| 0 | | |
| 0 | | |
| 0 | | |
| 0 | | |
| 0 | | |
| 0 | | |
| 0 | |
|---|--|
| 0 | |
| 0 | |
| 0 | |
| 0 | |
| 0 | |
| 0 | |
| 0 | |
| | |
| (5) Net loss from management of or participation in the underwriting or distribution of securities. | |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------|
| (6) Expenses other than advertising, printing, registration fees and legal fees deducted in determining net
profit from management of or participation in underwriting or distribution of securities. | 0 |
| (7) Net loss from securities in investment accounts. | 0 |
| Total additions | 0 |
| 2c. Deductions :
(1) Revenues from the distribution of shares of a registered open end investment company or unit
investment trust. from the sale of variable annuities, from the business of insurance, from investment
advisory services rendered to registered investment companies or insurance company separate
accounts, and from transactions in security futures products. | 0 |
| (2) Revenues from commodity transactions . | 0 |
| (3) Commissions, floor brokerage and clearance paid to other SIPC members in connection with
securities transactions . | 0 |
| (4) Reimbursements for postage in connection with proxy solicitation . | 0 |
| (5) Net gain from securities in investment accounts. | 0 |
| (6) 100% of commissions and markups earned from transactions in (i) certificates of deposit and
(ii) Treasury bills , bankers acceptances or commercial paper that mature nine months or less
from issuance date. | 0 |
| (7) Direct expenses of printing advertising and legal fees incurred in connection with other revenue
related to the securities business (revenue defined by Section 16(9)(L) of the Act). | 0 |
| (8) Other revenue not related either directly or indirectly to the securities business.
(See Instruction C): | |
| (Deductions in excess of \$100,000 require documentation) | 0 |
| (9) (i) Total interest and dividend expense (FOCUS Line 22/PART IIA Line 13,
Q
__________
Code 4075 plus line 2b(4) above) but not in excess
of total interest and dividend income.
\$
_ | |
| (ii) 40% of margin interest earned on customers securities
accounts (40% of FOCUS line 5, Code 3960). | |
| Enter the greater of line (i) or (ii) | 0 |
| Total deductions | 0 |
| 2d. SIPC Net Operating Revenues | \$556,448 |
| 2e. General Assessment@ .0015 | |
| | (to page 1, line 2.A.) |
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.