# JSVC, LLC X-17A-5 (2022-12-28) — Broker-dealer annual report - Company: JSVC, LLC - Form: X-17A-5 - Filed: 2022-12-28 - Period: 2022-09-30 - Accession: 0001332469-22-000002 - CIK: 1332469 - File #: 8-67006 - Type: Broker-dealer - Material weakness: Yes - Auditor: DeMarco Sciaccotta Wilkens & Dunleavy LLP - Auditor location: Frankfort, IL - Contact: Mark Mukai - Phone: 808-931-6464 - Signed by: Mark Mukai (President) Original filing: https://www.sec.gov/Archives/edgar/data/1332469/000133246922000002/2022LONG.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 > ANNUAL REPORTS FORM X-17A-5 PART Ill | OMB APPROVAL | | |--------------------------|----| | OMB Number: 3235-0123 | | | Expires: Oct. 31, 2023 | | | Estimated average burden | | | hours per re.sponse: | 12 | | | | SEC FILE NUMBER 67006 > :: - ~ # 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 10/01 /2021 MM/00/YY AND ENDING 09/30/2022 MM/DD/VY A. REGISTRANT IDENTIFICATION NAME OF FIRM: JSVC, LLC TYPE OF REGISTRANT (check all applicable boxes): Iii Broker-dealer D Security-based swap dealer D Major security-based swap participant 0 Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: {Do not use a P.O. box no.) 729 Elepaio St. (No. and Street) Honolulu HI (City) (State) PERSON TO CONTACT WITH REGARD TO THIS FILING Mark Mukai (808)931-6464 (Name) (Area Code - Telephone Number) B. ACCOUNTANT IDENTIFICATION (Email Address) INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* DeMarco Sciaccotta Wilkens & Dunleavy, LLP (Name - if Individual, state last, first, and middle name) 20646 Abbey Woods Ct. N, Ste. 201 Frankfort IL (Address) (City) (State) 12/21/2010 5376 96816 (Zip Code) 60423 (Zip Code) (Date of Registration with PCAOB)(if applicable) (PCAOB Registration Number, If aoolicable) FOR OFFICIAL 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 contained In this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION | swear (or affirm) that, to the be.st of my knowledge and belief, the
I, Mark Mukai | | | | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--| | financial report pertaining to the firm of Jsvc. uc
as of | | | | | | 2~ is true and correct. I further swear (or affirm) that neither the company nor any
September3o | | | | | | 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.
STATE OF HAWAII
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~ (a) Statement of financial condition. | | | | | | ~ ~ 8
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comprehensive income (as defined in § 210.1-02 of Regulation S-X). | | | | | | ii (d) Statement of cash flows. | | | | | | ~ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. | | | | | | (f) Statement of changes in liabilities subordinated to claims of creditors. | | | | | | ~ (g) Notes to consolidated financial statements.
Iii (h) Computation of net capital under 17 CFR 240.15c3-1or17 CFR 240.18a-1, as applicable. | | | | | | (i) Computation of tangible net worth under 17 CFR 240.18a-2. | | | | | | 0) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. | | | | | | (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.1Sc3·3 or | | | | | | Exhibit A to 17 CFR 240.18a-4, as applicable. | | | | | | (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.1Sc3-3. | | | | | | (m) Information relating to possession or control requirements for customers under 17 CFR 240.1Sc3-3. | | | | | | (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. | | | | | | 0
(o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net | | | | | | worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 | | | | | | CFR 240.15c3-3or17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences | | | | | | exist.
(p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. | | | | | | liiil (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. | | | | | | (r) Compliance report in accordance with 17 CFR 240.17a-5or17 CFR 240.18a-7, as applicable. | | | | | | ~ (s) Exemption report in accordance with 17 CFR 240.17a·5or17 CFR 240.18a-7, as applicable. | | | | | | (t) Independent public accountant's report based on an examination of the statement of financial condition. | | | | | | !!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 240.18a-7, or 17 CFR 240.17a-12, as applicable. | | | | | | (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 | | | | | | CFR 240.17a-5or17 CFR 240.lSa-7; as applicable. | | | | | | ~ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 | | | | | | CFR 240.18a-7, as applicable. | | | | | | (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, | | | | | | as applicable.
(y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or | | | | | | a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). | | | | | | __________________________________
(z) Other:
_ | | | | | | •-To request confidential treatment of certain portions of this filing, see 17 CFR 240.17o-5(e)(3) or 17 CFR 240.18o·7(d)(2), as | | | | | | O | | | | | applicable. {2}------------------------------------------------ ### FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM PURSUANT TO RULE 17a-5 SEPTEMBER 30, 2022 {3}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 > ANNUAL REPORTS FORM X-17A-5 PART Ill | OMB APPROVAL | | |--------------------------|----| | OMB Number: 3235-0123 | | | Expires: Oct. 31, 2023 | | | Estimated average burden | | | hours per re.sponse: | 12 | | | | SEC FILE NUMBER 67006 > :: - ~ # 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 10/01 /2021 MM/00/YY AND ENDING 09/30/2022 MM/DD/VY A. REGISTRANT IDENTIFICATION NAME OF FIRM: JSVC, LLC TYPE OF REGISTRANT (check all applicable boxes): Iii Broker-dealer D Security-based swap dealer D Major security-based swap participant 0 Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: {Do not use a P.O. box no.) 729 Elepaio St. (No. and Street) Honolulu HI (City) (State) PERSON TO CONTACT WITH REGARD TO THIS FILING Mark Mukai (808)931-6464 (Name) (Area Code - Telephone Number) B. ACCOUNTANT IDENTIFICATION (Email Address) INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* DeMarco Sciaccotta Wilkens & Dunleavy, LLP (Name - if Individual, state last, first, and middle name) 20646 Abbey Woods Ct. N, Ste. 201 Frankfort IL (Address) (City) (State) 12/21/2010 5376 96816 (Zip Code) 60423 (Zip Code) (Date of Registration with PCAOB)(if applicable) (PCAOB Registration Number, If aoolicable) FOR OFFICIAL 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 contained In this form are not required to respond unless the form displays a currently valid OMB control number. {4}------------------------------------------------ #### OATH OR AFFIRMATION | swear (or affirm) that, to the be.st of my knowledge and belief, the
I, Mark Mukai | | | | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--| | financial report pertaining to the firm of Jsvc. uc
as of | | | | | | 2~ is true and correct. I further swear (or affirm) that neither the company nor any
September3o | | | | | | 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.
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~ (a) Statement of financial condition. | | | | | | ~ ~ 8
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comprehensive income (as defined in § 210.1-02 of Regulation S-X). | | | | | | ii (d) Statement of cash flows. | | | | | | ~ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. | | | | | | (f) Statement of changes in liabilities subordinated to claims of creditors. | | | | | | ~ (g) Notes to consolidated financial statements.
Iii (h) Computation of net capital under 17 CFR 240.15c3-1or17 CFR 240.18a-1, as applicable. | | | | | | (i) Computation of tangible net worth under 17 CFR 240.18a-2. | | | | | | 0) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. | | | | | | (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.1Sc3·3 or | | | | | | Exhibit A to 17 CFR 240.18a-4, as applicable. | | | | | | (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.1Sc3-3. | | | | | | (m) Information relating to possession or control requirements for customers under 17 CFR 240.1Sc3-3. | | | | | | (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. | | | | | | 0
(o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net | | | | | | worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 | | | | | | CFR 240.15c3-3or17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences | | | | | | exist.
(p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. | | | | | | liiil (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. | | | | | | (r) Compliance report in accordance with 17 CFR 240.17a-5or17 CFR 240.18a-7, as applicable. | | | | | | ~ (s) Exemption report in accordance with 17 CFR 240.17a·5or17 CFR 240.18a-7, as applicable. | | | | | | (t) Independent public accountant's report based on an examination of the statement of financial condition. | | | | | | !!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 240.18a-7, or 17 CFR 240.17a-12, as applicable. | | | | | | (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 | | | | | | CFR 240.17a-5or17 CFR 240.lSa-7; as applicable. | | | | | | ~ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 | | | | | | CFR 240.18a-7, as applicable. | | | | | | (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, | | | | | | as applicable.
(y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or | | | | | | a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). | | | | | | __________________________________
(z) Other:
_ | | | | | | •-To request confidential treatment of certain portions of this filing, see 17 CFR 240.17o-5(e)(3) or 17 CFR 240.18o·7(d)(2), as | | | | | | O | | | | | applicable. {5}------------------------------------------------ ## CONTENTS REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FINANCIAL STATEMENTS ST A TEMENT OF FINANCIAL CONDITION STATEMENT OF OPERATIONS STATEMENT OF CHANGES IN MEMBER'S CAPITAL STATEMENT OF CASH FLOWS NOTES TO FINANCIAL ST A TEMENTS SUPPLEMENT AL INFORMATION SCHEDULE I - COMPUTATION OF NET CAPITAL AND AGGREGATE INDEBTEDNESS REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM EXEMPTION REPORT {6}------------------------------------------------ ![](_page_6_Picture_0.jpeg) ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Member of JSVC, LLC ### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of JSVC, LLC (the "Company") as of September 30, 2022, and the related statements of operations, changes in member's capital and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of JSVC, LLC as of Septembe r 30, 2022, and the results of its 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 the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and 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 etTor or fraud, and petfonning 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 information in Schedule I (the "supplemental information") has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underly ing 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. l 7a-5. In our opinion, the supplemental information in Schedule I is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as JSVC, LLC's auditor since 2005. }:,t~tu~~!~!tdal Frankfort, Illinois November 14, 2022 {7}------------------------------------------------ ### ST A TEMENT OF FINANCIAL CONDITION ### SEPTEMBER 30, 2022 #### **ASSETS** **Cas h** \$ **7 , 432** **7 , 432** **7 , 432** \$ \$ #### **MEMBER'S CAPITAL** **MEMBER' S CAPITAL** **TOTAL CAPITAL** {8}------------------------------------------------ #### ST A TEMENT OF OPERA TTONS ### YEAR ENDED SEPTEMBER 30, 2022 | EXPENSES | | |------------------------|-----------------------| | Miscellaneous expenses | 702
\$
9
, | | Loss from Operations | (9
702)
,
\$ | | NET LOSS | (9
702)
,
\$ | {9}------------------------------------------------ ### STATEMENT OF CHANGES TN MEMBER'S CA PTT AL ### YEAR ENDED SEPTEMBER 30, 2022 | Balance-Beginning of Year | \$
162
7
, | |---------------------------|---------------------| | Capital Contributions | 972
9
, | | Net Loss | (9
702)
, | | BALANCE-
END OF YEAR | \$
432
7
, | {10}------------------------------------------------ #### STATEMENT OF CASH FLOWS #### YEAR ENDED SEPTEMBER 30, 2022 | Cash Flows from Operating Activities
Net Loss | \$
(9
702)
, | |---------------------------------------------------------------|-----------------------| | Net Cash Flow Used by
Operating Activities | \$
(9
702)
, | | Net Cash Flow Used by
Investing Activities | \$
-0- | | Cash Flows from Financing Activities
Capital Contributions | \$
972
9
, | | Net Increase in Cash | \$
270 | | Cash Balance at September 30
2021
, | \$
7,162 | | Cash Balance at September 30
2022
, | \$
432
7
, | {11}------------------------------------------------ ### NOTES TO FINANCIAL STATEMENTS #### YEAR ENDED SEPTEMBER 30, 2022 #### NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES Organization - JSVC, LLC (the "Company"), a limited liability company, was organized in the state of Delaware on October 24, 2003. The Company is registered as a broker/dealer with the Securities and Exchange Commission and is a member of the Financial Industry Regulatory Authority (FINRA). The Company's principal business activity is private placements. Basis of Presentation - The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). Recognition of Revenue - The Company follows the revenue recognition guidance that requires an entity to follow a five step model to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, ( c) determine the transaction price, ( d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies the performance obligation. Concentration of Risk - The Company's cash is on deposit at one financial institution and the balance at times may exceed the federally insured limit. Due to the strong credit rating of this financial institution, the Company believes it is not exposed to any significant credit risk to cash. Leases - The Company recognizes and measures its leases in accordance with F ASB ASC 842, Leases. At September 30, 2022, the Company did not have any lease obligations. Estimates - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. {12}------------------------------------------------ ### NOTES TO FINANCIAL STATEMENTS #### YEAR ENDED SEPTEMBER 30, 2022 #### NOTE 2 - OPERA TING AGREEMENT Various terms, such as restrictions on changes in membership interest, etc., are contained in the operating agreement. Currently, the managing member is the sole member of the Company. Therefore, any events initiated by the managing member should not be restricted by any terms contained in the operating agreement. However, those considering the purchase of membership interests in the Company should read the operating agreement prior to making such an investment. #### NOTE 3 - INCOME TAXES As a limited liability company with only one member, the Company has elected to file as a sole proprietorship for federal income tax purposes. Income taxes are therefore the responsibility of the sole member of the Company. The Company accounts for any potential interest or penalties related to possible future liabilities for unrecognized income tax benefits as interest/other expense. The Company is no longer subject to examination by tax authorities for federal, state or local income taxes for periods before 2018. #### NOTE 4 - NET CAPITAL REQUIREMENTS As a registered broker/dealer and member of the Financial Industry Regulatory Authority, the Company is subject to the Uniform Net Capital Rule, which requires the maintenance of minimum net capital and requires that the ratio of aggregated indebtedness to net capital, both as defined, shall not exceed 1500%. At September 30, 2022, the Company's net capital and required net capital were \$7,432 and \$5,000 respectively. The ratio of aggregate indebtedness to net capital was 0%. #### NOTE5-RELATEDPARTIES The sole member has provided administrative assistance and other services to the Company without reimbursement. {13}------------------------------------------------ ### NOTES TO FINANCIAL STATEMENTS #### YEAR ENDED SEPTEMBER 30, 2022 #### NOTE6-SUBSEQUENTEVENT The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the financial statements were issued, noting none. {14}------------------------------------------------ ### SUPPLEMENTAL INFORMATION *NOTE: The Company is exempt from the provisions of SEC Rule 15c3-3 as the Company is a non-covered firm. Therefore, the Computation for Determination of the Reserve Requirements under Exhibit A of Rule 15c3-3 and the Information Relating to the Possession or Control Requirements under Rule J 5c3-3 have not been provided.* {15}------------------------------------------------ #### SCHEDULE T- COMPUTATION OF NET CAPITAL AND AGGREGATE INDEBTEDNESS ### SEPTEMBER 30, 2022 | COMPUTATION OF NET CAPITAL
Total member's capital
Deductions
: | 432
7
,
\$
-0- | |-----------------------------------------------------------------------------------------------------------------------------------------|----------------------------| | NET CAPITAL | 7,432
\$ | | COMPUTATION OF BASIC NET CAPITAL REQUIREMENT
Minimum net capital requirement (6 2
/
3
%
of total aggregate indebtedness) | -o
\$ | | Minimum dollar net capital requirement | 5.000
\$ | | Net capital requirement | 000
5
,
\$ | | COMPUTATION OF AGGREGATE INDEBTEDNESS
Total liabilities | -0-
\$ | | Percentage of Aggregate Indebtedness to
Net Capital | 0
% | NOTE: There are no material differences between the computations above and the computations included in the Company's corresponding unaudited Form X-17A-5 Part IIA filing. See accompanying Report of Independent Registered Public Accounting Firm. {16}------------------------------------------------ ![](_page_16_Picture_0.jpeg) ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Member of JSVC, LLC We have reviewed management's statements, included in the accompanying Rule I 5c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (I) JSVC, LLC did not claim an exemption under paragraph (k) of 17 CFR section 240. l 5c3-3 and (2) JSVC, LLC, is filing this Exemption Report relying on Footnote 74 of the Securities and Exchange Commission (SEC) Release No. 34-70073 adopting amendments to 17 C.F.R. 240.17a-5 because the Company limits it business activites exclusively to private placements of securities. In addition, the Company 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; did not carry accounts of or for customers; and did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent year ended ended September 30, 2022 without exception. JSVC, LLC's management is responsible for compliance with the exemption provisions and its statements. 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 JSVC, LLC's 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 mate rial respects, based upon the Company's business activities contremplated by Footnote 74 of the Securities and Exchange Commission Release No. 34- 70073 adopting amendments to 17 C.F.R 240 17a-5, and related SEC Staff Frequently Asked Questions. Frankfort, Illinois November 14, 2022 {17}------------------------------------------------ #### **JSVCLLC** 729 ELEPAIO STREET HONOLULU, Hl961816 ### **EXEMPTION REPORT** SEC Rule l 7a-5(d)(4) November 14, 2022 JSVC, LLC ("Company") is a registered broker-dealer subject to Rulel 7a-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 byl 7 C.F.R. §240. l 7a-5(d)(l) and (4). To the best of its knowledge and belief, the Company states the following: 1. The Company may file an exemption report because the Company had no obligations under 17 C.F.R. §240.15c3-3 throughout the most recent fiscal year. 2. The Company, as a non-covered firm, met the provisions of footnote 74 of the Secmities and Exchange Commission Release No. 34-70073 as it activities are limited to private placement services and (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; (2) did not carry accounts of or for customers; and (3) did not carry P AB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year. The above statements are true and correct to the best of my and the Firm's knowledge. Signature: j&~~•l!!!!!t.'1!!!'•-~J\*~~·~J,~!!!L!!L **\_\_\_ \_** Name and Title: Mark Mukai/President Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.