# CE CAPITAL ADVISORS, INC. X-17A-5 (2022-02-24) — Broker-dealer annual report - Company: CE CAPITAL ADVISORS, INC. - Form: X-17A-5 - Filed: 2022-02-24 - Period: 2021-12-31 - Accession: 0001283038-22-000001 - CIK: 1283038 - File #: 8-66411 - Type: Broker-dealer - Material weakness: No - Auditor: Cree Alessandri & Strauss CPAs LLC - Auditor location: Wellesley Hills, MA - Contact: Daniel Dane - Phone: 508-263-6208 - Email: ddane@ceadvisors.com - Website: ceadvisors.com - Signed by: Daniel Dane (Senior Vice President) Original filing: https://www.sec.gov/Archives/edgar/data/1283038/000128303822000001/ceca.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OM8\_APPROVAL OMB Number: 3235-0123 Expires: Oct 31, 2023 Estimated average burden hours per response: 12 i SEC FILE NUMilER # **ANNUAL REPORTS FORM X-17A-5 PART** Ill #### 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 | 01/01/21
MM/00/YY | AND ENDING 12/31/21 | MM/DD/YY | | | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------|---------------------|-------------------------------------------|--|--| | | A. REGISTRANT IDENTIFICATION | | | | | | CE CAPITAL ADVISORS, INC.
NAME OF FIRM: | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
Cd Broker-dealer
0 Check here if respondent is also an OTC derivative s dea ler | C Security-based swap dealer | | 0 Major security-based swap participant | | | | ADDRESS OF PRINCIPAL PLACE OF !BUSINESS: (Do not use a P.O. box no.) | | | | | | | 293 BOSTON POST ROAD, WEST - SUITE 500 | | | | | | | | INo. and Street) | | | | | | | | 01752 | | | | | | MA | | | | | | (City) | (Sti\IP) | | | | | | | | | | | | | | (508) 263-6208 | | | | | | | (Area Code -Telephone Number) | (Email Address) | DDANE@CEADVISORS.COM | | | | DANIEL DANE | B. ACCOUNTANT IDENTIFICATION | | | | | | | | | | | | | --MARLlliIBOUGl L
PERSON TO CONTACT WITH REGARD TO THIS FILING
(Name)
INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing"
CREE ALESSANDRI & STRAUS CPAs LLC | (Name - if individua l. state last, first, and middle name) | | | | | | 20 WALNUT STREET, SUITE 301 | WELLESLEY HILLS | MA | 02481 | | | | | (City) | (State) | (Zip Code) | | | | (Address)
10/31/18
!Date of Reglmatlon with PCAOB)(lf applicable) | 6566 | | (P~OB Registration Number, if applicable) | | | accountant must be supported by a statement of facts and circumstances relied on as the basis of t he exemption See 17 CFR 240.17a-5(e)(l )(ll), If applicable. Persons who are to respond to the collectlo n 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 | Daniel Dane | |-------------| |-------------| 1, Daniel Dane , swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of CE CAPITAL ADVISORS. INC as of DECEMBER 31 . 2~. is true and correct. I further swear (or affirm) that neither t he company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely ![](_page_1_Picture_4.jpeg) Title: Senior Vice President - This filing..,. contains (check all applicable boxes): C1 (a) Statement of financial condition. - CJ (b) Notes to consolidated statement of financial condition. - ta (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 5-X) - C3 {d) Statement of cash flows - 12 (e) Statement of changes 1n stockholders' or partners' or sole proprietor's equity - Cl (f) Statement of changes in liabilities suoordinated to claims of creditors - ~ (g) Notes to consolidated financial statements. - Y.3 (h) Computation of net capital under 17 CFR 240.1Sc3-1or17 CFR 240 18a-1, as applicable. - 0 (i) Computation of tangible net wurth under 17 CFR 240 18a-2. - **LJ (j} Computat;on for deterrnination of customer** *reserve* **requirements pursuant to Exhibit A to 17 CFR 240.15c3·3.** - 0 (k) Computation for determination of sewrity-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.1Sc3·3 or Exhibit A to 17 CFR 240.18a·4, as applicable - 0 (I) Computation for Determination of PAB Requi:ements under Exhibit A to§ 240.15c3-3. - f 1 (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3 - ;-J (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. - !:l (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· l, or 17 CFR 240.18a-2, as applicable, and the reserve requirements unde' 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or 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 | 10 | | 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 | 13 | | Report of lnde·pendent Registered Public Accounting Firm
on Applying Agreed-Upon Procedures Related To an
Entity's SIPC Assessment Reconciliation | 14 | {4}------------------------------------------------ #### Report of Independent Registered Public Accounting Firm 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, 2021, the related statements of operations, changes in Stockholder's equity and cash flows for the year ended December 31, 2021 , and the related notes and schedules (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all materi1al. respects, the financial position of CE Capital Advisors, Inc., 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 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 re·quired 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 S1upplemental Schedule I - Computation of Net Capital Under SEC Rule 15c3-1 (page 13), has been subjected to audit procedures performed in conjunction with the audit of CE Capital Advisors, Inc. 's financial statements. The supplemental information is the responsibility of CE Capital Advisors, Inc. '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. Jn our opinion, the Supplemental Schedule I- 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 15, 2022 1 20 Walnut Street, Suite 301, Wellesley Hills, MA 02481 T: 781-480-1517 F: 781-480-1525 www.cascpallc.com {5}------------------------------------------------ # **CE Capital Advisors, Inc. Statement of Financial Condition December** 31, **2021** ### **Assets** | Current assets | | |------------------------------------------------------------|---------------| | Cash and cash equivalents | \$
825,790 | | Accounts receivable, net of \$0 allowance | | | Accounts receivable, Parent | 8,720 | | Prepaid charges and other current assets | 1,930 | | Total current assets | 836,440 | | | | | Total assets | \$
836,440 | | | | | Liabilities and Stockholder's Equity | | | Current liabilities | | | Accounts payable | \$
72,963 | | Accounts payable, Parent | 388,207 | | Total current liabilities | 461
,170 | | Stockholder's equity | | | Common Stock, 1,500 shares \$.01 par value authorized, 800 | | | shares issued and outstanding | 8 | | Additional paid in capital | 231,917 | | Surplus | 143,345 | | Total stockholder's equity | 375,270 | | Total liabilities and stockholder's equity | \$
836,440 | {6}------------------------------------------------ # CE CAPITAL ADVISORS, INC. Statement of Operations For The Year Ended December 31, 2021 | Revenues | \$
739,203 | |--------------------------------------|---------------| | | | | Operating expenses: | | | Salaries, payroll taxes and benefits | 28,760 | | Rent | 24,000 | | Professional fees | 22,011 | | Incentive compensation | 390,436 | | Other expenses | 6,766 | | Telephone & data expenses | 3,600 | | License & registration | 2,570 | | Total operating expenses | 478, 143 | | Income from operations | 261,060 | | Interest income | 232 | | Income before taxes | 261,292 | | Income taxes | 72,785 | | Net income for the year | \$
188,507 | {7}------------------------------------------------ # CE Capital Advisors, Inc. Statement of Changes in Stockholder's Equity Year Ended December 31, 2021 | | Common
Stock | | Additional
Paid in
Capital | | Retained
Earnings | | Total | | |----------------------------|-----------------|----------|----------------------------------|----------------|----------------------|-----------|-------|------------| | Balance, January 1, 2021 | \$ | 8 | | \$ 231,917 | \$ | (45, 162) | | \$ 186,763 | | Income for year | | | | | | 188,507 | | 188,507 | | Balance, December 31, 2021 | \$ | ===
8 | | \$ 231
,917 | \$ | 143,345 | | \$ 375,270 | {8}------------------------------------------------ # **CE Capital Advisors, Inc. Statement of Cash Flows For the Year Ended December 31, 2021** | Cash flows from operating activities:
Income for year
Adjustments to reconcile income/(loss) to net
cash provided/(used) by operating activities: | \$
188,507 | |------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------| | (Increase) decrease in: | | | Accounts receivable | 7,575 | | Prepaid charges and other current assets | 1,099 | | Increase (decrease) in:
Accounts payable | 453,433 | | | | | Net cash provided by operating activities | 650,614 | | | | | Net increase in cash and cash equivalents | 650,614 | | Cash and cash equivalents, beginning of the year | 175,176 | | Cash and cash equivalents, end of the year | \$
825,790 | | Supplemental disclosures of cash flow information: | | | Cash paid during the year for: | | | Income taxes | \$ | | Interest | \$ | {9}------------------------------------------------ #### **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 utilizing accounting principles generally accepted in the United States (GAAP), 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. #### Accounts Receivable: Accounts receivable are non-interest-bearing uncollateralized obligations receivable in accordance with the terms agreed upon with each customer. The Company regularly reviews its accounts receivable for any uncollectible amounts. The review for uncollectible amounts is based on an analysis of the Company's collection experience, customer credit worthiness, and current economic trends. {10}------------------------------------------------ #### **Note 2 - Significant Accounting Policies (continued)** #### Subsequent Events: Management has evaluated subsequent events through February 15, 2022, the date at which the statements were approved and available for issuance. #### **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, 2021, the Company had a net capital of \$364,620 which exceeds the required minimum net capital of \$30,745 by \$333,875. #### **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\$ 59,264 for 2021. 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 financiial statements are not included in the tax returns. {11}------------------------------------------------ #### **Note 6 - Fair Value Measurements** The "Fair Value Measurements and Disclosures" topic in the FASB Accounting Standards Codification establishes a framework for measuriing fair value. That framework provides a fair value hierarchy 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 , 2021 . {12}------------------------------------------------ #### **Note 7 - Revenue from Contracts with Customers** Revenues are generally recognized when earned and realized or realizable, when persuasive evidence of an arrangement exists, delivery has occurred, or services have been rendered, the price is fixed and determinable, and collectability is reasonably assured. Revenue from Contracts with Customers Standard (ASU 2014-09) core principle is that an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 prescribes a five-step process to accomplish this core principle, including: - Identification of the contract with the customer; - Identification of the performance obligation(s) under the contract; - Determination of transaction price; •Allocation of the transaction price to the identified performance obligation(s); and • Recognition of revenue as (or when) an entity satisfies the identified performance obligation(s). The Company recognizes revenues as services are rendered or upon completion of a success fee-based transaction as this satisfies the performance obligation identified in accordance with this standard. #### **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. {13}------------------------------------------------ ### 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 llA, 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 7 4 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 Staff's 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 , 2021 , without exception. - 3. The Company met the identified conditions for such reliance throughout the period January 1, 2021 to December 31 , 2021, 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 {14}------------------------------------------------ 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 tor 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 15, 2022 > 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 {15}------------------------------------------------ ![](_page_15_Picture_0.jpeg) Exemption Report SEA Rule 17a-5(d){4) February 15, 2022 Cree, Alessandri & Strauss Certified Public Accountants, LLC 20 Walnut Street Wellesley Hills, MA 02481 Dear Mr. Alessandri: yYe, 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 74 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)(f) 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, 2021 without exception. - 3. The Company met the identified conditions for such reliance throughout the period January 1, 2021 to December 31, 2021 without exception. Daniel Dane Financial Operations Manager {16}------------------------------------------------ # **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, 2021** | Net Capital:
Total stockholder equity qualified for net capital | \$
375,270 | |----------------------------------------------------------------------------------------------------------------|----------------------| | Deduction for non-allowable assets:
Prepaid expenses and other current assets
Total non-allowable assets | (10,650)
(10,650) | | Net capital before haircuts | 364,620 | | Less: Haircuts | | | Net capital | 364,620 | | Minimum capital requirement | 30,745 | | Excess net capital | \$
333,876 | | Aggregate indebtedness:
Liabilities | \$
461, 170 | | Percentage of aggregate indebtedness to net capital | 126.48% | No material differences exist between audited computation of net capital and unaudited computation of net capital. {17}------------------------------------------------ # Cree Alessandri & Strauss Certified Public Accountants LLC #### 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 (SI PC) 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, Inc. 's compliance with the applicable instructions of the General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2021. 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, 2021 with the Total Revenue amount reported in Form SIPC-7 for the year ended December 31, 2021 , 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 SI PC-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, Inc. 's compliance with the applicable instructions of the Form SIPC-7 for the year ended December 31 , 2021 . 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 15, 2022 15 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 {19}------------------------------------------------ #### CE Capital Advisors, Inc. Schedule of SIPC Assessments and Payments From January 1, 2021 to December 31, 2021 | | Date
Paid | Amount
Paid | Annual
Assessment
Per Report | |--------------------------------------------------------------------|--------------|----------------|------------------------------------| | SI PC-6 General Assessment for
January 1, 2021 to June 30, 2021 | 712712021 | \$
246 | \$
246 | | SIPC-7 General Assessment Reconcilation | | | | | for July 1, 2021 to December 31 , 2021 | 1 /21/2022 | 863 | 863 | | | | \$ 1, 109 | 1, 109 | {20}------------------------------------------------ | SIPC-7 | | |----------------|--| | (36-REV 12/18) | | en Disposition of exceptions: ## SECURITIES INVESTOR PROTECTION CORPORATION Mail Code: 8967 P.O. Box 7247 Philadelphia, PA 19170-0001 **SIPC-7** (36-REV 12/18) # General Assessment Reconciliation For the fiscal year ended \_!?/~ 2\_9 :!\_ (Read carefully the instructions in your Working C.opy before completing this Form) #### TO BE FILED BY ALL SIPC MEMBERS WllTH 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 requ irement of SEC Rule 17a-5: | | I
CE Capital Advisors, Inc.
293 Boston Post Road West, Suite 500
Marlborough, MA 01
752 | | indicate on the form filed. | Note: If any of the information shown on the
mailing label requires correction, please e-mail
any corrections to form@sipc.org and so | | | |-------|------------------------------------------------------------------------------------------------------------------------------------|----|-------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------| | | L | _J | contact respecting this form. | Name and telephone number of person to
Daniel Dane (508)263-6208 3: | | ::::::
CC:
O | | 2. A. | General Assessment (item 2e from page 2) | | | \$ | 1, 109 | | | B. | Less payment made with SIPC-6 filed (exclude interest)
07/27/2021 | | | | 246 | i | | | Date Pa id
C. Less prior overpayment applied | | | | 0 | ) | | | D. Assessment balance due or (overpayment) | | | | 863 | | | E. | Interest computed on late payment (see instruction E) forQ ____ days at 20% per arnn um | | | | 0 | | | | F. Total assessment balance and interest due (or overpayment carried forward) | | | \$ | 863 | | | | D
D
G. PAYM
ENT:
-"I/ the box
~
Funds Wired
Check mailed to P.O. Box
AC
Total (must be same as F above) | | 863 | | | | | | \$(
H. Overpayment carried forward | | Oi | | | | 3. Subsidiaries (S) and predecessors (P) included in this form (give name and 1934 Act registrat ion number): | The SIPC member submitting this form an d the
person by whom it is executed represent thereby
that all information co ntained herein is true, correct
and complete. | CE Capital Advisors, Inc.
(Name of Corporation, Partnership or other organization) | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|--------------------------|--|--| | ~
20 22
day of January
Dated he | (Aulhorized Signature)
CFO/FINOP | | | | | I
'
for a period of not less than 6 years, the latest 2 years in an easily accessible place. | (Title)
This form and the assessment payment is due 60 days after the end of the fiscal year. Retain the Working Copy of thi | s form | | | | ffi Dates:
;::
Post marked
Received | Rev iewed | | | | | ---
LL.I
> Calculations
LL.I
cc: | __
Documentation
_ | ___
Forward Copy
_ | | | | ~ Exceptions:
c | | | | | :::..::: {21}------------------------------------------------ # **DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT** Amounts for the fi scal period beginning \_0\_110\_1\_12\_02\_1 \_\_\_ \_ and ending \_121\_J\_112\_0\_21 \_\_\_ \_ | Item No.
\$
2a . To tal revenue (FOCUS Line 12/Part l lA Line 9, Code 4030) | _____
Eliminate cents
73_9; ,4_3_4 | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------| | 2b . Additions:
(1) Total revenues from the secu rities business of subsidiaries (except foreign subsidiaries) and
predecessors not included above. | 0 | | (2) Net toss from principal transactions in sec urities in trading accounts . | 0 | | (3) Net loss from principal transactions in commodities in trading accounts. | 0 | | (4) Interest and dividend expense deducted in determining item 2a. | 0 | | (5) Net toss from management of or participation in the underwriting or distribution of securities. | 0 | | (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 inveslmeril company or unit
investment trust, from the sale of variable annu ities, from the business of insurance, from Investment
advisory services rendered lo registered investment companies or insurance company separate
accounts, and from transactions in security lulu res products. | 0 | | (2) Revenues from commodity transactions. | 0 | | (3) Commissions, floor brokerage and clearance paid lo 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 ma rkups 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 defiried by Section 16(9)(L) of the Act). | 0 | | (8) Other revenue not related eithe r 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 llA 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
0
\$
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 | 739,434
\$~~~~~~~~~= | | 2e. General Assessment@ .0015 | 1, 109
\$==================== | | | (to page 1, line 2.A.) | {22}------------------------------------------------ # **SIPC-7 Instructions** This form is to be filed by all members of the Securities Investor Protection Corporation whose fiscal years end in 2011 and annually thereafter. The form together with the payment is due no later than 60 days after the end of the fiscal year, or after membership termination. Amounts reported herein must be readi ly reconcilable with the member's records and the Securities and Exchange Commission Rule 17a-5 repo rt filed. Questions pertaining to this form should be directed to SIPC via e-mail at form@sipc.org or by telephoning 202-371 -8300. A. For the purposes of this form, the term "SIPC Net Operating Revenues" shall mean gross revenu es from the securities business as defined in or pursuant to the applicable sections of the Securities Investor Protection Act of 1970 ("Act") and Article 6 of SIPC's by laws (see page 4), less item 2c(9) on page 2. 8. Gross revenues of subsidiaries, except foreign subsidiaries, are required to be included in SIPC Net Operating Revenues on a consolidated basis except for a subsidiary filing separately as explained hereinafter. If a subsidiary was required to file a Rule 17a-5 annual audited statement of income separately and is also a SIPC member, then such subsidiary mus t itself fi le SIPC-7, pay the assessment, and shou ld not be consolidated in your SIPC-7. SIPC Net Operating Revenues of a predecessor member which are not included in item 2a, were not repo rted se parately and the SIPC assessments were not paid thereon by such predecessor, shal l be included in item 2b(1). C. Your Generali Assessment should be computed as fol lows: - (1) I jne ?a Fo r the applicable period enter total revenue based upon amounts reported in your Rule 17a-5 Annual Audited Statement of Income prepared in conformity with generally accepted accounting principles applicable to securi ties brokers and dealers. or if exempted from that rule, use X-17A-5 (FOCUS Report) Line 12, Code 4030. - (2) Adjustments The purpose of the adjustments on page 2 is to determine SIPC Net Opera ting Revenues. - (a) Additions Lines 2b(1) through 2b(7) assure that assessable income and gain items of SIPC Net Operating Revenues are totaled, unreduced by any losses (e.g., if a net loss was incurred for the period from al I transactions in trading account securities, that net loss does not re duce other assessable revenues). Thus, line 2b(4) would include all short dividend and interest payments including those incurred in reverse conversion accounts, rebates on stock loan positions and repo interest which have been netted in determining line 2(a). - (b) Deductions Line 2c(1) through line 2c(9) are either provided fo r in the statue, as in deduction 2c(1), or are allowed to arrive at an assessment base consisting of net operating revenues from the securities business. For example, lin e 2c(9) allows for a deduction of either the total of interest and dividend expense (not to exceed interest and dividend income). as reported on FOCUS line 22/PART llA line 13 (Code 4075). plus line 2b (4) or 40% of interes t earned on customers' securities accounts (40% of FOCUS l ine 5 Code 3960). Be certain to complete both line (i) and (i i), enterin g the greater of the two in the far right column. Dividends paid to shareholders are not considered "Expense" and thus are not to be included in the deduction. Likewise, in1erest and dividends paid to partners pursuant to the partnership agreements would also not be deducted. If the amount reported on line 2c (8) aggregates to \$100,000 or greater, supporting documentation must accompany the form that identifies these deductions. Examples of support information include; contractual agreements, prospectuses, and limited partnership documentation. - (i) Determine your SIPC Net Operating Revenues, item 2d, by adding to item 2a, the total of item 2b, and deducting the total of item 2c. - (ii) Multiply SIPC Net Operating Revenues by the applicable rate. Enter the resul ting amount in item 2e and on line 2A of page 1. - (iii) Enter on line 28 the assessment due as reflected on the SIPC-6 previously fi led. - (iv) Subtract l ine 28 and 2C from line 2A and enter the difference on line 20. This is the balance due for the period. - (v) Enter interest computed on late payment (if applicable) on line 2E. - (vi) Enter the total due on line 2F and the payment of the amount due on line 2G. - (vii) Enter overpayment carried forward (if any) on line 2H . D. Any SIPC member which is also a ban k (as defined in the Securities Exchange Act of 1934) may exclude from SIPC Net Operating Revenues dividends and interest received on securities in its investmen t accounts to the extent that it can demonstrate to SIPC's satisfaction that such securities are held, and such dividends and interest are recei ved, solely in connection with its operations as a bank and not in connection with its operations as a broker, dealer or member of a national securitries exchange. Any member who excludes from SIPC Net Operating Revenues any dividends or interest pursuant to the preceding sentence shall fi le with this form a supplementary s1atement setting forth the amount so excluded and proof of its entitlement to such exclusion. E. Interest on Assessments If al l or any part of assessment payable under Section 4 of the Ac t has not been postmarked within 15 days after the due date thereof, the member shall pay, in addition to the amount of the assessment, interest at the rate of 20% per annum on the unpaid portion of th e assessment fo r each day it has been overdue. F. Securities an d Exchange Commission Rule 17a-5(e) (4) requires those who are not exempted from the audit requirement of the rule and whose gross revenues are in exc ess of \$500,000 l o file a supplemental independent public accountants rep ort covering this SIPC -7 no later than 60 days after their fiscal year ends . Mail t his completed form to SIPC together with a check for the amount due, made payable to SIPC, using the enclosed retu rn PO BOX envelope, pay via ACH Debit Au t horization through SIPC's ACH system at www.sipc.org/for-members/assessments or wire the payment to: On the wire identify the name of tine firm and its SEC Registration 8-# and label it as "for assessment." Please fax a copy of the assessment form to (202)-223-1679 or e-·mail a copy to form@sipc.org on the same day as the wire. {23}------------------------------------------------ # **From Section 16(9) of the Act:** The term "gross revenues from the securities business" means the sum of (but without duplication)- (A) commissions earned in connection with transactions in securities effected for customers as agen t (net of comm iss ions paid to other brokers and dealers in connection with such transactions) and markups with respect to purchases or sales of securities as principal; (B) charges for executing or clearing transactions in securities for other brokers and dealers; (C) the net realized gain, if any, from principal transactions in securities in trad ing accounts; (D) the net profit, if any, from the management of or participation in the underwriting or distribution of securities; (E) interest earned on customers' securities accounts; (F) fees for investment adv isory services (except when rendered to one or more reg istered investment companies or insurance company separate accounts) or account supervision with respect to securities; (G) fees fo r the solicitation of prox ies with respect to, or tenders or exchanges of, securities; (H) income from service charges or other surcharges with respect to securities; (I) except as otherwise provided by rule of the Commission, dividends and interest received on securities in investment accou nts of the broker or dealer; (J) fees in connection with put, call , and other options transactions in securi ties; (K) commissions earned for transactions in (i) certi fi cates of deposit, and (ii) Treas ury bills, bankers acceptances, or commercial paper which have a maturity at the tim e of issuance of not exceeding nine months, exclus ive of days of grace, or any renewal thereof, the maturity of which i s likewise limited, except that SIPC shall by bylaw include in the aggregate of gross revenues only an appropriate percentage of such comm issions based on SIPC' s loss experience with respect to such instruments over at least the preceding five years; and (L) fees and other income from such other categories of the securities business as SIPC shall provide by bylaw. Such term includes reven ues earned by a broker or dealer in connection with a transaction in the portfolio margining account of a customer carried as securities accounts pursuant to a portfol io margining program approved by the Comm ission . Such term does not in clude revenues received by a broker or dealer in connection with the distribution of shares of a registered open end investment company or unit investment trust or revenues derived by a broker or dealer from the sales of variable annuities, th e business of insurance, or transactions in security futures products. #### **From Section 16(14) of the Act:** The term "Security " means any note, stock, treasury stock, bond, debenture, evidence of in debtedness , any co llateral trust certificat e, preorganization certificate or subscription, transferable share, voting trust certificate, certificate of deposit, certificate of deposit for a security, or any security future as that term is defined in section 78c(a)(55)(A) of this title, any investment contract or certificate of interest or participation in any profit-sharing agreement or in any oil, gas or mineral royaHy or lease (if such investment contract or interest is the subject of a registration statemen t with the Commission pursuant to th e provisions of the Securities Act of 1933 [15 U.S.C. 77a et seq.]), any put, call, straddle, option, or privilege on any security, or group or index of securities (including any interest therein or based on the value thereof). or any put, call, straddle, option, or privi lege entered into on a national securities exchange rel ating to foreign currency, any certificate of interest or participation in, temporary or interi m certificate for, receipt for, guarantee of, or warrant or ri,ght to subsc ribe to or purchase or sell any of the foregoing , and any other instrument commonly known as a security. Except as specifica ll y provided above, the term "security" does not include any currency, or any commodity or related contract or fut ures co ntract, or any warrant or right to subscribe to or purchase or sell any of th e foregoi ng. #### **From SIPC Bylaw Article 6 (Assessments): Section 1 (f):** The term "gross revenues from the securities business" includes the revenues in the definition of gross revenues from the securities business set forth in the applicable sections of the Act. ### **Section 3:** For purpose of this arti cle: (a) The term "securities in trading accounts" shall mean securities held for sale in th e ordinary co urse of business and not identified as having been held for investment. (b) The term "securities in investment accounts" shall mean securities that are clearly identified as having been acquired for investment in accordance with provisions of the Internal Revenue Code appl icable to dealers in securities. (c) Th e term "fees and other income from such other categories of the securities business" shall mean all revenue related either directly or indirectlly to the securities business except revenue included in Section 16(9)(A)-(L) and revenue specifically excepted in Section 4(c)(3)(C)[ltem 2c(1). page 2]. Note: If the amount of assessment entered on l ine 2e of SIPC-7 is greater than 112 ol 1% ol "gross revenues lrom the securities business" as defined above, you may submit that calculation along with the SIPC-7 form to SIPC and pay the smaller amount, subject to review by your Examining Authorit y and by SIPC. **SIPC Examjnjngi Autborjties·** | ASE | American Stock Exchange, LLC | | |------|----------------------------------------------|---| | CBOE | Chicago Board Options Exchange, Incorporated | | | CHX | Chicago Stock Exchange, Incorporated | 4 | FINRA Financial Industry Regulatory Authority NYSE Arca , Inc. NASDAQ OMX PHLX SIPC Securities Inv estor Protection Corporation Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.