# MD GLOBAL PARTNERS, LLC X-17A-5 (2026-03-31) — Broker-dealer annual report - Company: MD GLOBAL PARTNERS, LLC - Form: X-17A-5 - Filed: 2026-03-31 - Period: 2025-12-31 - Accession: 0001364891-26-000005 - CIK: 1364891 - File #: 8-67356 - Type: Broker-dealer - Material weakness: No - Auditor: WWCPC - Auditor location: San Mateo, CA - Contact: John Miller - Phone: 917-620-6006 - Email: jmiller@mdgpartners.com - Website: mdgpartners.com - Signed by: Owen May (Managing Member) Original filing: https://www.sec.gov/Archives/edgar/data/1364891/000136489126000005/public.pdf --- {0}------------------------------------------------ # **MD Global Partners, LLC** Financial Statement Pursuant to SEC Rule 17a-5 December 31, 2025 {1}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ## **ANNUAL REPORTS FORM X-17A-S PART** Ill | 0MB APPROVAl | | |--------------------------|--| | 0MB Number: 3235-0123 | | | Expires: Nov. 30, 2026 | | | Estimated average burden | | | hours per response: 12 | | | | | | SEC Fil£ NUMBER | | |-----------------|--| | 8-67456 | | | Information Required Pursuant to Rules 17a-5, 17a-12, and lBa-7 under the Securities Exchange Act of 1934 | FACING PAGE | | | |-------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------|-----------------------------------------|--------------------------------------------| | FILING FOR THE PERIOD BEGINNING O 1/01/2025 | MM/00/YY | AND ENDING 12/31/2025 | MM/00/YY | | | A. REGISTRANT IDENTIFICATION | | | | NAME oF FIRM: MD Global Partners LLC | | | | | TYPE OF REGISTRANT (check all applicable boxes):
0 Broker-dealer
D Check here if respondent is also an OTC derivatives dealer | D Security-based swap dealer | D Major security-based swap participant | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | 329 E 63rd St #3J | | | | | | (No. and Street) | | | | New York | NY | | 10065 | | (dty) | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | John Miller | 917 -620-6006 | | jmiller@mdgpartners.com | | (Name) | (Area Code-Telephone Number) | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing•
WWCPC | | | | | | (Name-if individual, state last, first, and middle name) | | | | 2010 Pioneer Court | San Mateo | CA | 94403 | | (Address) | (City) | (State) | (Zip Code) | | 03/16/2004 | | 1171 | | | (bate of Re•istration with PCAOB)(if annlicable) | | | /PCAOB Relristration Number. if aoplicable | | • daims for exemption from the requirement thauhe annual reports be covered by the reports of an independent public | FOR OFFICIAL USE ONLY | | | , accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 i CFR 240.17a-5(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• currently valid 0MB control number. {2}------------------------------------------------ ## OATH OR AFFIRMATION | I, OWen May | swear (or affirm) that, to the best of my knowledge and belief, the | |--------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------| | financial\lreport pertaining to the firm of MD Global Partners LLC | r
as of | | 2~
December 31 | is true and correct. I further swear (or affirm) that neither the company nor any | | | partner, :?fficer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely | | as that of a customer. | | | | r-:;·""'"' by: | | Signature: | ~~21~ | |---------------------------|-------| | Title:
Managing Member | | #### i This filing•• contains (check all applicable boxes): - iii (a) S~atement of financial condition. - iii (b) !libtes to consolidated statement of financial condition. - □ (c) St~tement of income (Joss) or, if there is other comprehensive income in the period(s) presented, a statement of com~rehensive income (as defined in§ 210.1-02 of Regulation 5-X). ,, - □ (d) Statement of cash flows. - □ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (f) stktement of changes in liabilities subordinated to claims of creditors. - D (g) r-ibtes to consolidated financial statements. - □ (h) cbmputation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.iBa-1, as applicable. - □ (i) C~mputation of tangible net worth under 17 CFR 240.18a-2. - 0 U) Cdmputation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - D (k) C6mputation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhiliit A to 17 CFR 240.18a-4, as applicable. - - □ (I) C6mputation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. ,, D (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - D (n) 1iformation relating to possession or control requirements for security-based swap customers under 17 CFR ii 240.15c3-3(p)(2) or 17 CFR 240.lBa-4, as applicable. - □ (o) ~~conciliations, 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 ,I CFR 240.1.Sc3-3 or 17 CFR 240.lBa-4, as applicable, if material differences exist, or a statement that no material differences exist! - D (p) Silmmary of financial data for subsidiaries not consolidated in the statement of financial condition. - iiii (q) dath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - □ (r) Ccimpliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.lBa-7, as applicable. - □ (s) Biemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.lBa-7, as applicable. - iii (t) ln~ependent public accountant's report based on an examination of the statement of financial condition. - D (u) !~dependent 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. - D (v) Jr/dependent public accountant's report based on an examination of certain statements in the compliance report under 17 ' CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - - □ (w) !~dependent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 ' CFR 240.lBa-7, as applicable. - □ (x) S~pplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as a~plicable. - □ (y) R~port describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or (I 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 240.17a-5(e)(3} or 17 CFR 240.18a-7{d}(2}, os applicable. ·' {3}------------------------------------------------ I ii MD Global Partners, LLC " Table of Contents I December 31, 2025 i ii ;1 ! ! I ' ! !I 11 ' Rebert of Independent Registered Public Accounting Fim on the Financial Statements q Financial Statements: I Statement of Financial Condition I Notes to Financial Statements {4}------------------------------------------------ CERTIFIED PUBLIC ACCOUNTANTS ![](_page_4_Picture_1.jpeg) ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Manager and Member of MD Global Panners, LLC 329E 63rd St #3J, New York, NY 10065 ## Opinion on the Financial Statements We have audited the accompanying statement offmancial condition of MD Global Panners, LLC as ofDecember 31, 2025, and the related notes and supplemental schedules (collectively referred to as the "financial statements"). In our opinion, the fmancial statements present fairly, in all material respects, the financial position of MD Global Partners, LLC as ofDecember 31, 2025, in conformity with accounting principles generally accepted in the United States of America. ## **Basis for Opinion** These financial statements are the responsibility of MD Global Panners, LLC's management. Our responsibility is to express an opinion on MD Global Partners, LLC's fmancial statements based on our audit. We are a public acco1mting finn registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to MD Global Panners, 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. 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 perfonning procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and perfonning procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the fmancial 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. *WwL1P·C·* WWC,P.C. Certified Public Accountants PCAOB ID. No, 1171 We have served as MD Global Partners, LLC's auditor since 2018. San Mateo, CA March 31, 2026 {5}------------------------------------------------ MD Global Partners, LLC Statement of Financial Condition As of December 31, 2025 | Assets | | |---------------------------------------------------------|-----------------| | Cash and cash equivalents | \$
28,636 | | Deposits with clearing broker | 50,000 | | Fees receivable- affiliates | 705 | | Fees receivable | 26,788 | | Prepaid expenses
____ ,,, --', ____ -
____ , ---- | 7,008 | | Total assets | \$
:1.13,137 | | | | | Liabilities | | | Accounts payable and accrued liabilities | \$
10,413 | | Due to member | 5,000 | | Due to clearing broker | 10,803 | | Commissions payable | 42,600 | | Total liabilities | 68,816 | | | | | Member's Equity | | | Member's equity | \$
44,321 | | Total member's equity | 44,321 | | Total liabilities and member's equity | \$
113.137 | 'The accompanying notes are an integral part of these financial statements. {6}------------------------------------------------ MD Global Partners, LLC Notes to Financial Statements Fo'r the Year Ended December 31, 2025 ## **Note 1: DEPOSIT WITH CLEARING ORGANIZATION** T~e Company has a brokerage agreement with RBC Capital Markets ("Clearing Broker") to carry its account and the accounts of its clients as customers of the Clearing Broker. The Clearing Broker has custody of I th:e Company's cash balances which serve as collateral for any amounts due to the Clearing Broker as well as: collateral for securities sold short or securities purchased on margin. Interest is paid monthly on these I ca'sh deposits at the average overnight repurchase rate. The balance at December 31, 2025, was \$50,000. The Company owes the Clearing Broker \$10,803 at December 31, 2025. This liability arose due to net aJerage monthly clearing expenses exceeding net average monthly commission revenues, less any p~yments by the Company to the Clearing broker to make up for the shortfall. The \$10,803 liability I appears in the liability section of the Statement of Financial Condition. #### i **Nbte 2: INCOME TAXES** i I i I I I T~e Company operates as a single member limited liability company and is treated as a disregarded eritity for income tax purposes. Accordingly, all tax effects of the Company's income or loss are passed t~rough to the member and no provision or liability for federal or state income taxes is included in these fihancial statements. ! ## **Note 3: CONCENTRATIONS OF RISK** I Fi,nancial instruments that potentially subject the ,Company to significant concentrations of credit risk consist principally of cash balances which at times may be in excess of insured amounts. It is the cbmpany's policy to review, as necessary, the credit standing of its counterparties. I ### I **Note 4: COMMITTMENT AND CONTINGENCIES** I "J;he Company was named in a lawsuit by a third party who has no relationship with the ,company. The l~wsuit seeks \$47,500 in damages. The Company believes the suit is frivolous and has no merit. I The Company has filed a civil suit against a former consultant and a former employee for theft, fraud, and ~reach of fiduciary duty. If successful, the Company does not expect to recover monetary damages. ' The Company is subject to claims which arise in the ordinary course of business which are the result of r~gulatory inquiries. For the year ended December 31, 2025, a \$40,000 fine imposed by FINRA, the result 9f a FINRA cycle examination covering the period 2019 to 2022, and for which the Company signed an 1cceptance, Waiver, and Consent ("AWC"), is included in Regulatory expenses in the Statement of . qperations. ]he Company completed second FINRA three-year cycle examinations covering the periods 2022 to 2024. lihe results of this examination have not been concluded. II Any net capital shortfall due to the imposition of a fine is expected to be fully addressed by means of a ~apital contribution by the member. {7}------------------------------------------------ I MD Global Partners, LLC N~tes to F1·nancial Statements II For the Year Ended December 31, 2025 ## **N~te 5 Related Party Transactions** !I At•December 31, 2025, the balance due to the Company from companies under common control was 11 \$~05. The Company reimburses the Company's member for rent he paid for the New York City office. Rent expense for this office was \$27,668 in 2025. The Company's' member advanced the Company \$5000 " in 2025. This amount is included in the liability section of the Statement of Financial Condition. ## II . **Note 6: Segment Reporting** T~e Company follows ASC 280, Segment Reporting ( including adoption of ASU 2023-07), which requires cJmpanies to disclose segment data based on how management makes decisions about allocating rJsources to segments and evaluating performance. The Company conducts its business activities and rJ1 posrts financial results as a single reportable segment, brokerage services segment. Using the n-l1 anagement approach, qualitative nd quantitative criteria established by ASC 280, the Company is c~nsidered to be a single reportable segment. The Company has identified its Chief Exceutive Officer as it¼ Chief Operating Decision Maker (.,CODM"). The CODM makes decisions about allocating respurces a~d assessing perfromance in a mnnerr consistent with the way the Company operates its business and presents their financial results. The nature of business and accounting policies of the brokerage services s~gment are the same as described in the organization and nature of business and summary of s/knificant accounting policies. ## **Note 7: NET CAPITAL REQUIREMENTS** ii The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-1), " which requires the maintenance of minimum net capital and requires that the ratio of a 1 kgregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Rule 15c3-1 also ;, P.rovides that equity capital may not be withdrawn, or cash dividends paid if the resulting net capital ritio would exceed 10 to 1. Net capital and aggregate indebtedness change day to day, but on ii December 31, 2025, the Company had net capital of \$27,641 which was \$22,641 in excess of its required ~ 1 et capital of \$5,000 and the Company's ratio of aggregate indebtedness of \$53,613 to net capital was il94 to 1, which is less than the 15 to 1 maximum allowed. i ## **~ote 8: SUBSEQUENT EVENTS** i ! :1 ! ii Management has evaluated the Company's subsequent events and transactions that occurred through " the date which the financial statements were available to be issued. The Company determined there v:iere no subsequent events and transactions that required disclosure. :i Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.