# STRAUS CAPITAL, LLC X-17A-5 (2024-02-28) — Broker-dealer annual report
- Company: STRAUS CAPITAL, LLC
- Form: X-17A-5
- Filed: 2024-02-28
- Period: 2023-12-31
- Accession: 0001330372-24-000002
- CIK: 1330372
- File #: 8-66973
- Type: Broker-dealer
- Material weakness: No
- Auditor: Michael T. Remus CPA
- Auditor location: Hamilton, NJ
- Contact: James Straus
- Phone: 609-799-0390
- Email: jstraus@strauscap.com
- Website: strauscap.com
- Signed by: James Straus (CEO)
Original filing: https://www.sec.gov/Archives/edgar/data/1330372/000133037224000002/AnnualReportFYE12312023.pdf
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| | UNITED STATES | | 0MB APPROVAL |
|-------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------|--------------------------------------------------|-----------------------------------------|
| SEQJRffiES AND EXCHANGE COMMISSION | | 0MB Number: 3235-0123
Expires: NOii. 30, 2026 | |
| | Washington, D.C. 20549 | | Estimated average burden |
| | | | hours per response: 12 |
| | ANNUAL REPORTS | | SEC FILE NUMBER |
| | FORM X-17A-5 | | 8-66973 |
| | 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 01/01/2023 | | | AND ENDING 12131 /2023 |
| | MM/OD/VY | | MM/DD/VY |
| | A. REGISTRANT IDENTIFJCATION | | |
| | | | |
| NAME oF FIRM: Straus Capital, LLC | | | |
| | | | |
| TYPE OF REGISTRANT (check all applicable boxes): | | | |
| @ Broker-dealer
0 Check here if respondent is also an OTC derivatives dealer | □ Security-based swap dealer | | D Major security-based swap participant |
| | | | |
| | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P .0. box no.) | | |
| | 50 Princeton-Hightstown Road, Suite J | | |
| | (No. and Street) | | |
| | | | |
| Princeton Junction | New Jersey | | 08550 |
| (City) | (State) | | (Zip Code) |
| PERSON TO CONTACT WITH REGARD TO THIS FILING | | | |
| James Straus | 609-799-0390 | | jstraus@strauscap.com |
| (Name) | (Area Code - Telephone Number) | | (Email Address) |
| | | | |
| | B. ACCOUNTANT IDENTIFICATION | | |
| | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing• | | |
| | | | |
| Michael T Remus CPA | | | |
| | (Name -if individual, state last. first, and middle name) | | |
| PO Box2555 | Hamilton Square | NJ | 08690 |
| (Address) | (City) | (State) | (Zip Code) |
| 02/23/2010 | | 3598 | |
| (PCAOB Registration Number. if applicable)
(I ate of Registration with PCAOBl(lf appficable) | | | |
| | FOR OFACIAL USE ONLY | | |
| | | | |
| | | | |
• Claims for exemption from the requirement that the annual reports be covered by the reports of an Independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-S(e)(l)(II), if applicable.
Persons who are to respond to the collection of information aintained in this form are not required to respond unless the form displays a currently valid 0MB control number.
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#### **OATH OR AFFIRMATION**
I, James Straus swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Straus Capital, LLC as of December 31 2~ is true and correct. I further swear (or affirm) that neither the company nor any
partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer.
**No~,b.**
This filing\*\* contains (check all applicable boxes): **JOHN W. HARTMANN l!i** (a) Statement of financial condition. **/1. JTQRNEY AT LAW**
- D (bl Notes to consolidated statement of financial conditlR~
- ~(c) Statement of income (loss) or, if there is other **com~nbJEWrJfiafi'ISi¥ci(s)** presented, a st atement of comprehensive income (as defined· in§ 210.1-02 of Regulation S-X).
- **l!i** (d) Statement of cash flows.
- **l!i** (e) Statement of changes in stockholders' or partners' or sole proprietor's equity.
- D (f) Statement of changes in liabilities subordinated to claims of creditors.
- **l!i** (g) Notes to consolidated financial statements.
- **l!i** (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable.
- 0 (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.
- D (I<) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.lSa-4, as applicable.
- D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.1Sc3-3.
- **ii** (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3.
- D [n) Information relating to possession or control requirements for security-b\_ased swap customers un,:ler 17 CFR 240.1Sc3-3(p)(2) or 17 CFR 240.18a-4, as applicable.
- **ii** [o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.1Sc3-1, 17 CFR 240.18a-l, 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.
- 0 (p) Summary of financial data for subsidiaries not consolidated In the statement of financial condition.
- **l!i** (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.
- D (r) Compliance report in accordance with 17 Cl'R 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- I!! (s) Exemption report in accordance with 17 CFR 240.17a-S or 17 CFR 240.18a-7, as applicable.
- D (t) Independent public accountant's report based on an examination of the statement of financial condition.
- **l!i** (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.lSa-7, or 17 CFR 240.17a-12, as applicable.
- D (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.lSa-7, as applicable.
- I!! (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.l?a-5 or 17 CFR 240.lSa-7, as applicable.
- 0 (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.1Sc3-le or 17 CFR 240.17a-12, as applicable.
- □ (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no mat erial inadequacies exist, under 17 CFR 240.17a-12(k). □ (z)Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_ \_\_\_ \_\_\_ \_\_\_ \_ \_
-
- ""To request confidential treatment of certain portions of this filing, see 17 <;FR 24D.17a-5{e}(3) or 17 CFR 240.18a-7(d)(2), as applicable.
Title· CEO
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# **Straus Capital, LLC** (SEC I.D. No. 8-66973)
# *Financial Statements and Supplemental Schedules*
As of and for the Year Ended December 31, 2023
and
Report of Independent Registered Public Accounting Firm
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# TABLE OF CONTENTS
| | PAGE |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
| FACING PAGE | 1 |
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 3 |
| STATEMENT OF FINANCIAL CONDITION | 4 |
| STATEMENT OF INCOME 5 | |
| STATEMENT OF CHANGES IN MEMBERS' EQUITY | 6 |
| STATEMENT OF CASH FLOWS | 7 |
| NOTES TO FINANCIAL STATEMENTS | 8 |
| SUPPLEMENTARY INFORMATION
SCHEDULE I
COMPUTATION OF NET CAPITAL PURSUANT
TO UNIFORM NET CAPITAL RULE 15c3-1
SCHEDULE II
COMPUTATION FOR DETERMINATION OF
RESERVE REQUIREMENTS AND INFORMATION
RELATING TO POSSESSION OR CONTROL
REQUIREMENTS UNDER RULE 15C3-3 (EXEMPTION) | 11
12 |
| EXEMPTION REPORTS | |
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 13 |
| EXEMPTION REPORT PURSUANT TO RULE 17a-5(d)(4) | 14 |
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# **MICHAEL T. REMUS** ~ *'P«JtieA~*
P.O. Box 2555 Hamilton Square, NJ 08690 **Tel:** 609-540-1751 **Fax:** 609-570-5526
# Report of Independent Registered Public Accounting Firm
To the Member of **Straus Capital, LLC**
# **Opinion on the Financial Statements**
I have audited the accompanying statement of financial condition of Straus Capital, LLC as of December 31, 2023, and the related statements of income, changes in member equity and cash flows for the year then ended, that are filed pursuant to Rule 17a-5 under the Securities Exchange Act of 1934 and the related notes (collectively referred to as the financial statements). In my opinion, the financial statements present fairly, in all material respects, the financial position of Straus Capital, LLC as of December 31, 2023 and its results of operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.
# **Basis for Opinion**
These financial statements are the responsibility of Straus Capital, LLC's management. My responsibility is to express an opinion on Straus Capital, LLC's financial statements based on my audit. I am a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and I am required to be independent with respect to Straus Capital, LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
I conducted my audit in accordance with the standards of the PCAOB. Those standards require that I 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. My 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. My 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. I believe that my audit provides a reasonable basis for my opinion.
# **Supplemental Information**
The Schedule I, Computation of Net Capital Under SEC Rule 15c3-1, Schedule II, Computation for Identification of Reserve Requirements and Information Relating to Possession or Control Requirements Under SEC Rule 15c3-3 *(exemption)* has been subjected to audit procedures performed in conjunction with the audit of Straus Capital, LLC's financial statements.
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The supplemental information is the responsibility of Straus Capital, LLC's management. My 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 my opinion on the supplemental information, I evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.l 7a-5. In my opinion, the Schedule I, Computation of Net Capital Under SEC Rule 15c3-1, Schedule II, Computation for Identification of Reserve Requirements and Information Relating to Possession or Control Requirements Under SEC Rule 15c3-3 *(exemption)* is fairly stated, in all material respects, in relation to the fmancial statements as a whole.
I have served as Straus Capital, LLC auditor since 2023.
Michael T. Remus, CPA Hamilton Square, New Jersey February 22, 2024
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# STATEMENT OF FINANCIAL CONDITION
# DECEMBER 31, 2023
# ASSETS
| Cash | \$
284,000 |
|----------------------------------------|---------------|
| Accounts receivable | 143,502 |
| Right-of-use asset-
operating lease | 17,336 |
| FINRA daily account | 2,943 |
| Prepaid expense and other | 1,067 |
| | |
| | |
# LIABILITIES AND MEMBER EQUITY
TOTAL ASSETS
| LIABILITIES | |
|-------------------------------------|---------------|
| Accrued expenses | \$
21,573 |
| Lease liability | 18,306 |
| TOTAL LIABILITIES | 39,879 |
| MEMBER EQUITY | 408,969 |
| | |
| TOTAL LIABILITIES AND MEMBER EQUITY | \$
448,848 |
\$ **448,848**
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# STATEMENT OF INCOME
# FOR THE YEAR ENDED DECEMBER 31, 2023
| REVENUE | |
|--------------------------------------|---------------|
| Commissions | \$
581,564 |
| Interest Income | 65 |
| TOTAL REVENUE | 581,629 |
| OPERATING EXPENSES | |
| Commissions | 14,383 |
| Professional fees | 24,010 |
| Licensing and regulatory expenses | 7,620 |
| Office supplies and expenses | 756 |
| Technology and communication expense | 9,418 |
| Rent | 6,936 |
| Insurance | 480 |
| Travel and entertainment | 1,587 |
| Miscellaneous | 4040 |
| TOTAL OPERATING EXPENSES | 69,230 |
| NET INCOME | \$
512.399 |
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# STATEMENT OF CHANGES IN MEMBER EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2023
| Member equity -
January 1, 2023 | \$
483,542 |
|--------------------------------------|---------------|
| Capital Withdrawals | (586,972) |
| Net Income | 512,399 |
| Member equity -
December 31, 2023 | \$
408,969 |
The accompanying notes are an integral part of this statement.
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#### STATEMENT OF CASH FLOWS
#### FOR THE YEAR ENDED DECEMBER 31, 2023
#### CASH FLOWS FROM OPERATING ACTIVITIES
| Net income | | \$
512,399 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------|---------------|
| Adjustments to reconcile net income to net cash
from operating activities: | | |
| Changes in operating assets:
Accounts receivable
FINRA daily account
Right of use asset
Prepaid expenses
Changes in operating liabilities:
Accrued expenses
Lease liability | \$
5,807
18
5,665
544
(244)
(4,867) | |
| TOTAL ADJUSTMENTS | | 6,923 |
| Net cash provided by operating activities | | 519,332 |
| CASH FLOWS FROM FINANCING ACTIVITIES | | |
| Capital withdrawals | (586,972) | |
| NET CASH USED IN FINANCING ACTIVITIES | | (586,972) |
| NET CHANGE IN CASH | | (67,650) |
| CASH BEGINNING OF YEAR | | 351,650 |
| CASH at END OF YEAR | | \$
284 000 |
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# NOTES TO FINANCIAL STATEMENTS
## **A. BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
#### **Nature of Organization**
Straus Capital, LLC (the "Company") is a Capital Acquisition Broker registered with the Securities and Exchange Commission (the "SEC") and the State Securities Commission of New Jersey and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company was formed as a limited liability company on April 26, 2005 and received approval from the SEC to commence operations on November 28, 2005. The Company solicits and refers investors to managed investment funds and receives a percentage of the investment funds' management and advisory fees for its services.
#### **Basis of Accounting**
The financial statements of the Company have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").
### **Use of Estimates**
The preparation of financial statements in conformity with U.S. GAAP requires the Company to make estimates and assumptions that affect certain related amounts and disclosures. Accordingly, actual results could differ from those estimates.
#### **15c3-3 Exemption**
The Company claims exemption from the provisions of rule 15c3-3 pursuant to Footnote 74 of SEC Release 34-70073 which states that under circumstances in which a broker-dealer has not held customer securities or funds during the fiscal year, but does not fit into one of the exemptive provisions under item 24 of Part IIA, then those broker-dealers should file an exemption report and related accountant's report even though there is no related box to check on the FOCUS Report. Broker/dealers operating under the provisions of Footnote 74 of SEC Release 34-70073 should also be exempt from the remaining provisions of rule 15c3-3, including the requirement to make the reserve computations under rule 15c3-3.
### **Cash and Cash Equivalents**
For purposes of reporting on the statement of cash flows, the Company considers all highly liquid debt instruments with original maturities of ninety days or less to be cash equivalents.
#### **Accounts Receivable**
The Company considers all accounts receivable to be fully collectible; accordingly, no allowance for doubtful amounts is required. If amounts become uncollectible, they will be charged to net income when that determination is made.
#### **Leases**
The Company has entered into a noncancelable operating lease for commercial space. The Company determines if an arrangement is a lease at the inception date of the lease. Operating lease assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease assets and liabilities are recognized at the commencement date based on the present value of lease payments.
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# NOTES TO FINANCIAL STATEMENTS
# **A. BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)**
# **Revenue Recognition**
The Company recognizes revenue in accordance with Accounting Standards Codification ("ASC") Topic 606, Revenue from Contracts with Customers, which provides a five-step model for recognizing revenue from contracts with customers as follows:
- 1. Identify the contract with a customer.
- 2. Identify the performance obligations in the contract.
- 3. Determine the transaction price.
- 4. Allocate the transaction price to the performance obligations in the contract.
- 5. Recognize revenue when or as performance obligations are satisfied
The Company solicits and refers investors to managed investment funds and receives a percentage of the investment funds' management and advisory fees for its services. Revenue is recognized when earned by the investment funds. Total revenue recognized at a point in time was \$581,564 for the year ended December 31, 2023.
## **Income Taxes**
The Company is a limited liability company for federal and state income tax purposes; thus, the income is taxed to its members.
Management evaluated the Company's tax positions as of and for the year ended December 31, 2023, and has determined that there is no liability for uncertain tax positions at December 31, 2023.
The Company did not record any interest or penalties on uncertain tax positions in the accompanying statement of financial condition as of December 31, 2023, or in the accompanying statement of operations for the year then ended. If the Company were to incur any income tax liability in the future, interest on any income tax liability would be reported as interest expense and penalties on any income tax liability would be reported as income taxes.
# **Subsequent Events**
Management has evaluated subsequent events that occurred after the statement of financial condition date and through February 22, 2024, the date the financial statements were available to be issued. No items were determined by management to require disclosure in these financial statements.
# **B. NET CAPITAL REQUIREMENTS**
The Company is a registered Capital Acquisition Broker subject to the SEC Uniform Net Capital Rule 15c3-1. This rule requires that the Company maintain minimum net capital, as defined, of at least the greater of \$5,000 or 6 2/3% of aggregate indebtedness, as defined. Net capital and aggregate indebtedness change from day to day, but as of December 31, 2023, the Company had net capital of \$263, 123, which exceeded its requirements of \$5,000 by \$258, 123.
# **C. CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMER**
The Company maintains cash in bank balances that at times may exceed federally insured limits. The Company reduces its exposure to credit risk for cash by maintaining its banking relationship with a major financial institution.
Four investment fund manager groups account for all of the Company's commission revenues.
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# NOTES TO FINANCIAL STATEMENTS
# **D. LEASE COMMITMENT**
The Company leases its office space under an operating lease through October 2026. Rental expense for the year ended December 31, 2023, was \$6,936.
As of December 31, 2023, the maturities of the Company's lease liabilities were as follows:
Year Ending December 31,
| | 2024 | \$ | 6,272 |
|------------------------------|------|----|--------|
| | 2025 | | 6,842 |
| | 2026 | | 5,702 |
| Total Minimum obligation | | | 18,816 |
| Less: present value discount | | | (510) |
| Total Lease Liabilities | | \$ | 18,306 |
| | | | |
The weighted average remaining lease term and weighted average discount rate were as follows as of December 31, 2023.
| Weighted average remaining lease term
Operating Leases | 2.84 years |
|-----------------------------------------------------------|------------|
| Weighted average discount rate
Operating Leases | 4.00% |
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# SUPPLEMENTARY INFORMATION
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#### SCHEDULE I COMPUTATION OF NET CAPITAL PURSUANT TO UNIFORM NET CAPITAL RULE 15c3-1
#### AS OF DECEMBER 31, 2023
| CREDITS
Members' equity | | \$ 408,969 |
|-----------------------------------------------------------------------------------------------------|---------------------------------|-------------|
| DEBITS
Accounts receivable, net of commission payable
FINRA daily account
Prepaid expenses | \$
141,836
2,943
1,067 | |
| | | 145,846 |
| NET CAPITAL | | 263,123 |
| Minimum net capital requirement | | 5,000 |
| EXCESS NET CAPITAL | | \$ 258123 |
| AGGREGATE INDEBTEDNESS
Accrued expenses and other liabilities | | 20876
\$ |
| Ratio of aggregate indebtedness to net capital 0.0793 to 1 | | |
| STATEMENT PURSUANT TO PARAGRAPH {d){2) of RULE 17a-5 | | |
| There are no material differences between the above computation and | | |
the computation included in the Company's corresponding unaudited Form X-17A-5 Part IIA filing.
#### STATEMENT PURSUANT TO PARAGRAPH {d){4) of RULE 17a-5
The Company claims an exemption from SEC Rule 15c3-3 as the Company had no obligations under 17 C.F.R. §240.15c3-3, and therefore, no computation for determination of reserve requirements was necessary.
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# **Straus Capital, LLC**
# SCHEDULE II COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS AND INFORMATION RELATING TO POSSESSION OR CONTRL REQUIREMENTS UNDER RULE 15c3-3 (EXEMPTION)
# Year Ended December 31, 2023
The Company is exempt from the provisions of Rule 15c3-3 because the Company's business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 are limited exclusively to receiving transaction-based compensation for soliciting and referring investors to managed investment funds and (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; (2) did not carry accounts of or for customers; and (3) does not carry P AB accounts ( as defined in Rule 1 Sc3-3) throughout the most recent fiscal year without exception.
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# **MICHAEL T. REMUS**
# *~'Pee&ie,,4~*
P.O. Box 2555 Hamilton Square, NJ 08690 **Tel:** 609-540-1751 **Fax:** 609-570-5526
# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
# To the Member of **Straus Capital, LLC**
I have reviewed management's statements, included in the accompanying Rule 15c3-3 Exemption Statement, in which (1) Straus Capital, LLC (the "Company") stated that the Company does not hold customers' cash or securities on behalf of customers and limits its business to compensation for soliciting and referring investors to managed investment funds and, therefore has no obligations under Rule 15c3-3 under the Securities Exchange Act of 1934 pursuant to Footnote 7 4 of SEC Release 34-70073. In addition, as a result of the Company's having no obligations under SEC Rule 15c3-3, it may file an Exemption Report and (2) the Company stated that it had no exceptions under SEC Rule 15c3-3 throughout the year ended December 31, 2023. The Company did not directly or indirectly receive, hold or otherwise owe funds or securities for or to customers, did not carry accounts of or for customers, and did not carry P AB accounts as defined in Rule 15c3-3. Management is responsible for compliance with 17 C.F.R. § 240. 15c3-3 and its statements. My 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 the Company's compliance with 17 C.F.R. § 240. 15c3-3. 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, I do not express such an opinion. Based on my review, I am 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 Rule 15c3-3 under the Securities Exchange Act of 1934.
Michael T. Remus, CPA Hamilton Square, New Jersey February 22, 2024
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#### EXEMPTION REPORT PURSUANT TO RULE 17a-5{d)(4)
#### FOR THE YEAR ENDED DECEMBER 31, 2023
Straus Capital, LLC (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be Made by Certain Brokers and Dealers"). This Exemption Report was prepared as required by 17 C.F.R. §240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following:
(1) The Company does not claim an exemption under paragraph (k) of 17 C.F.R. §240.15c3- 3, and
(2) The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. §240.17a-5 because the Company limits its business activities exdusively to receiving compensation for soliciting and referring investors to managed investment funds, and the Company (1} did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers (other than money or other consideration received and promptly transmitted in compliance with paragraph (a} or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable *to* the issuer or its agent and not to the Company): (2) did not carry accounts of or for customers: and (3) did not carry PAS accounts (as defined in Rule15c3-3) throughout the most recent fiscal year without exception. •
I, James Straus, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correcl
By: *:::J'/tM* **j** *J* **,4-** - ~*TllAtt-5*
T~~-~
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.