# FT GLOBAL CAPITAL, INC. X-17A-5 (2021-02-23) — Broker-dealer annual report - Company: FT GLOBAL CAPITAL, INC. - Form: X-17A-5 - Filed: 2021-02-23 - Period: 2020-12-31 - Accession: 0001368630-21-000001 - CIK: 1368630 - File #: 8-67375 - Material weakness: No - Auditor: Rubio CPA, PC - Auditor location: Atlanta, GA - Contact: Jian Ke (Pattrick Ko) - Phone: 770-350-2698 - Email: pko@ftglobalcap.com - Website: ftglobalcap.com - Signed by: Jian Ke (Patrick Ko) (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1368630/000136863021000001/ftshort.pdf --- {0}------------------------------------------------ ### **To whom it May Concern:** ### According to the SEC COVID 19 updates 061820 https://www.sec.gov/tm/paper-submission-requirements-covid-19-updates-061820 - 1) The Firm signed the enclosed document electronically with a system in place that indicates the date and time when the signature was executed. - 2) The Firm was not ab eto obtain the required notarization due to difficulties arising from COVID-19 and, therefore, is making the enclosed filing without a notarization. - 3) The Firm is notifying its designated examining authority in writing by filing this notice with the enclosed document via the FINRA filing system and if applicable the SEC Edgar filing system. Jian Ke (Patrick Ko), CEO {1}------------------------------------------------ # citnx I RightSignature SIGNATURE • 8,' . ## CERTIFICATE #### TRANSACTION DETAILS DOCUMENT DETAILS Reference Number FSFE8F74-AE95-41B0-9DCB-056F48DFC4D9 Transaction Type Signature Request Sent At 02/23/2021 09: 54 EST Executed At 02/23/2021 10: 00 EST Identity Method email Distribution Method email Signed Checksum US~ fle'90 f6d5.td ff2df b2' 802ddfi0ldl"6b0f l 1992b9.a2ud9HCd8<4 !.a 1818 #### Signer Sequencing Disabled Document Passcode Disabled #### SIGNERS SIGNER Name Patrick Ko Email pko@ftglobalcap.com Components 1 Document Name FT Global-Covidl9 Notarize Notification Fiiename covidl 9 \_notarize \_notification.docx Pages l page Content Type a ppl ication/vnd. openx mlforrnats-off icedocum ent. word processing m I. document File Size 14 KB Original Checksum REFERENCE NUMBER F 5 F E8F7 4-AE95-41B 0-9DC B-056F 4BDF C409 E·SIGNATURE Status signed Multi-factor Digital Fingerprint Checksum Ua5t416et21'de5Sltlldlelfbetf.1:14724tc"'3U2tl28t1'tb2t ••llb522l0'5t IP Address 24.30.127.163 D evice Chrome via Mac Drawn Si gnature EVENTS Viewed At 02/23/2021 10:00 EST Identity Authenticated At 02/23/2021 10:00 EST Signed At 02/23/2021 10:00 EST Signature Reference ID D9417409 Signature Biometric Count 88 #### AUDITS | TlMESTAMP | AUDIT | |-----------------------|------------------------------------------------------------------------------------------------------------------------------------------------| | 02/23/2021 09: 54 EST | financials· (cmcfinancials@foreside.com) created document 'covidl 9_notarize_notification.docx' on Chrome via Windows
from 38.104. 253.154. | | 02/23/2021 09: 54 EST | Patrick Ko (pko@ftglobalcap.com) was emailed a link to sign. | | 02/23/2021 10: 00 EST | Patrick Ko (pko@ftglobalcap.com) v iewed the document on Chrome via Mac from 24.30.127.163. | | 02/23/2021 10: 00 EST | Patrick Ko (pko@ftglobalcap.com) authenticated via email on Chrome via Mac from 24.30.127.163. | | 02/23/2021 10: 00 EST | Patrick Ko (pko@ftglobalcap.com) signed the document on Chrome via Mac from 24.30.127.163. | {2}------------------------------------------------ Please note this document is signed UNITEDSTATES electronically and not notarized SECURITIESANDEXCHANGECOMMISSION due to relief provided by SEC Washington, D.C. 20549 COVID 19 updates 061820 **ANNUAL AUDITED REPORT FORM X-17A-5 PARTlll** FACING PAGE OMB APPROVAL OMB Number: 3235-0123 Expires: August 31, 2020 Estimated average burden hours per response ...... 12.00 SEC FILE NUMBER 8-67375 Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder REPORT FOR THE PERIOD BEGINNING ~~~~~~~~~~~ 01/01 /2020 AND ENDING 12/31 /2020 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF BROKER-DEALER: FT GLOBAL CAPITAL, INC. ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) 5 Concourse Parkway, Suite 3000 (No. and Street) Atlanta GA (City) (State) OFFICIAL USE ONLY FIRM l.D. NO. 30328 (Zip Co de) NAME AND TELEPHONE NUMBER OF PERSON TO CONT ACT IN REGARD TO THIS REPORT PATRICK KO (Jian Ke) (770) 350-2698 B. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report\* RUBIO CPA, PC (Name - *if individual, state last. first. middle name)* 2727 Paces Ferry Rd SE, Suite 2-1680 ATLANTA (Address) (City) CHECK ONE: It/ I Certified Public Accountant D Public Accountant D Accountant not resident in United States or any of its possessions. **FOR OFFICIAL USE ONLY** (Area Code - Te le phone Number) GA 30339 (State) (Zip Code) *\*Claims f or exemption from the requirement thal the annual report be covered by the opinion of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis for the exemption. See Section 240. l la-5( e)(2)* > Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {3}------------------------------------------------ #### **OATH OR AFFIRMATION** | I, PATRICK KO (Jian Ke) | , swear (or affirm) that, to the best of | |-------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | FT GLOBAL CAPITAL, INC. | my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of
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, as | | of DECEMBER 31 | 20 20
are true and correct. I further swear (or affirm) that | | classified solely as that of a customer, except as follows: | neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account | | | | | | Signature | | | CEO | | | Title | | Notary Public | | | This report** contains (check all applicable boxes):
0 (a) Facing Page .
./ (b) Statement of Financial Condition. | | - (c) Statement of Income (Loss). - (d) Statement of Changes in Financial Condition. - (e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital. - (f) Statement of Changes in Liabilities Subordinated to Claims of Creditors. - (g) Computation of Net Capital. - (h) Computation for Determination of Reserve Requirements Pursuant to Rule 15d-3. - (i) Information Relating to the Possession or Control Requirements Under Rule t 5c3-3. - **0** (j) A Reconciliation, including appropriate explanation of the Computation of Net Capital Under Rule I 5c3-land the Computation for Determination of the Reserve Requirements Under Exhibit A of Rule I 5c3-3. - **0** (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of consolidation. - - § (1) An Oath or Affirmation. (m) A copy of the SIPC Supplemental Report. - (n) A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit. *\*\*For conditions of confidential treatment of certain portions of this filing, see section 240.17a-5( e )( 3 ).* {4}------------------------------------------------ ## citnx I RightSignature #### **SIGNATURE CERTIFICATE** #### TRANSACTION DETAILS DOCUMENT DETAILS Reference Number B4185FE3-866B-4DEB-9691-0245AC9FB848 Transaction Type Signature Request Sent At 02/23/2021 09: 54 EST Executed At 02/23/2021 09: 59 EST Identity Method email Distribution Method email Signed Checksum #### Signer Sequencing Disabled Document Passcode Disabled #### **SIGNERS** SIGNER Name Patrick Ko Email pko@ftglobalcap.com Components 1 Status signed Multi-factor Digital Fingerprint Checksum IP Address 24.30.127.163 Device Chrome via Mac Drawn Si gnature E·SIGNATURE ![](_page_4_Picture_10.jpeg) Signature Reference ID 57002AA5 Signature Biometric Count 80 #### EVENTS Viewed At 02/23/2021 09:58 EST Identity Authenticated At 02/23/2021 09:59 EST Signed At 02/23/2021 09:59 EST #### **AUDITS** | TlMESTAMP | AUDIT | |-----------------------|----------------------------------------------------------------------------------------------------------------------------------------------| | 02/23/2021 09: 54 EST | financials - (cmcfinancials@foreside.com) created document 'ftglobal_formx-17a-5_3_short.pdf' on Chrome via Windows
from 38.104. 253.154. | | 02/23/2021 09: 54 EST | Patrick Ko (pko@ftglobalcap.com) was emailed a link to sign. | | 02/23/2021 09: 58 EST | Patrick Ko (pko@ftglobalcap.com) v iewed the document on Chrome via Mac from 24.30.127.163. | | 02/23/2021 09: 59 EST | Patrick Ko (pko@ftglobalcap.com) authenticated via email on Chrome via Mac from 24.30.127.163. | | 02/23/2021 09: 59 EST | Patrick Ko (pko@ftglobalcap.com) signed the document on Chrome via Mac from 24.30.127.163. | ![](_page_4_Picture_17.jpeg) #### **REFERENCE NUMBER** B4 l B SF E3-866B-4DEB -9 69 l-0245AC9F B 848 Document Name FT Global-Ftglobal Formx-17a-5 3 Short Filename ftglobal\_formx-17a-5\_3\_short.pdf Pages 2 pages Content Type application/pdf File Size 218 KB Original Checksum {5}------------------------------------------------ ## **FT GLOBAL CAPITAL, INC.** Financial Statements For the Fiscal Year Ended December 31, 2020 With Report of Independent Registered Public Accounting Firm **PUBLIC DOCUMENT** {6}------------------------------------------------ **RUBIO CPA, PC** CERTIFIED PUBLIC ACCOUNTANTS 2727 Paces Ferry Road SE Building 2, Suite 1680 Atlanta, GA 30339 Office: 770 690-8995 Fax: 770 838-7123 #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Stockholder of FT Global Capital, Inc. Opinion of the Financial Statements We have audited the accompanying statement of financial condition FT Global Capital, Inc. (the "Company") as of December 31, 2020, and the related notes. In our opinion, the aforementioned financial statement presents fairly, in all material respects, the financial position of the Company as of December 3 I, 2020, in conformity with accounting principles generally accepted in the United States of America. Basis of Opinion This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement 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 perfonn the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of the internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement to the financial statement, 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 statement. 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 statement. We believe that our audit provides a reasonable basis for our opinion. We have served as the Company's auditor since 2005. February 22, 2021 Atlanta, Georgia Rubio CPA, PC {7}------------------------------------------------ #### FT Global Capital, Inc. Statement of Financial Condition December 31, 2020 #### Assets | Cash
Accounts receivable
Prepaid expenses and deposits
Right-of-Use asset
Due from related party
Property and equipment, net of accumulated depreciation of \$3,744 | \$
1,182,815
46,000
38,551
34,318
500 | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------| | Total assets | \$
1,302, 184 | | Liabilities and Stockholder's Equity | | | Liabilities | | | Accounts payable | \$
35,308 | | Accrued retirement plan contribution | 155,154 | | Present Value of Vested Benefits in Retirement Plan, net | 51 ,868 | | Lease liability | 34,318 | | Paycheck Protection Program loan | 20,833 | | Total liabilities | 297,481 | | Stockholder's Equity | 1,004,703 | | Total liabilities and stockholder's equity | \$
1,302,184 | See accompanying notes Confidential Treatment Requested {8}------------------------------------------------ #### **FT GLOBAL CAPITAL, INC. NOTES TO FINANCIAL STATEMENTS December 31 , 2020** #### Note 1 - Summary of Sig nificant Accounting Policies Organization and Description of Business: FT Global Capital, Inc. (the "Company"), a Georgia corporation, was organized in May 2006 and became a broker-dealer in January 2007. The Company is a securities broker-dealer registered with the Securities and Exchange Commission ("SEC") and a member of the Financial Industry Regulatory Authority ("FINRA"). Cash: The Company maintains its bank accounts in a high credit quality financial institution. Balances at times may exceed federally insured limits. Property and Equipment: Property and equipment are recorded at cost. Depreciation is provided by use of straight-line methods over the estimated useful lives of the respective assets. Maintenance and repairs are charged to expense as incurred; major renewals and betterments are capitalized. When items of property or equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is included in the results of operations. Income Taxes: The Company has elected S corporation status for income tax reporting purposes. As a result, income or losses of the Company flow through to the stockholder and no income taxes are recorded in the accompanying financial statements. The Company has adopted the provisions of FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. Under FASB ASC 740-10, the Company is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines the respective position. A tax position includes an entity's status, including its status as a pass-through entity, and the decision not to file a return. The Company has evaluated each of its tax positions and has determined that no provision or liability for income taxes is necessary. Estimates: Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could vary from the estimates that were assumed in preparing the financial statements. 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 accournts 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 treads. In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments-Credit Losses (Topic 32r6): Measurement of Credit Losses on Financial Instruments," which introduced an expected credit loss model for the impairment of financial assets measured at amortized cost. The model replaces the probable, incurred loss model for those assets and broadens the information an entity must consider in developing its expected credit loss estimate for assets measured at amortized costs. The Company adopted ASU No. 2016-13 on January 1, 2020 using the modified retrospective approach with no material impact to its financial position, results of operations or cash flows. Revenue Recognition: Revenue from corntracts with customers includes placement and advisory services. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on appropriate measure of the Company's progress under the contract; whether revenue should {9}------------------------------------------------ #### FT GLOBAL CAPITAL, INC. NOTES TO FINANCIAL STATEMENTS December 31 , 2020 #### Note 1 - Summary of Significant Accounting Policies (continued) #### Revenue Recognition (continued): be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. The Company provides placement and advisory services related to capital raising activities and mergers and acquisitions transactions. Revenue from advisory arrangements is generally recognized at the point in time that performance under the agreement is completed (the closing date of transaction) or the contract is cancelled. However, for certain contracts, revenue is recognized over time for advisory arrangements in which the performance obligations are simultaneously provided by the Company and consumed by the customer. In some circumstances, significant judgement is needed to determine the timing and measure of progress appropriate for revenue recognition under a specific contract. Retainers and other fees received from customers prior to recognizing the revenue are reflected as contract liabilities. The Company recognizes investment banking revenue upon completion of a success fee-based transaction as this satisfies the only performance obligation identified by the Company. Date of Management's Review: Subsequent events were evaluated through the date the financial statements were issued. #### Note 2 - Net Capital The Company, as a registered broker dealer, is subject to the Securities and Exchange Commission Uniform Net Capital Rule (Rule 15c3-1 ), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At December 31 , 2020, the Company had net capital of \$940,485 which was \$924,330 in excess of its required net capital of \$16, 155 and its ratio of aggregate indebtedness to net capital was .26 to 1. #### Note 3 - Lease Commitment The Company leases office space under a non-cancelable operating lease which expires in January 2023. The Company recognizes and measures its leases in accordance with FASB ASC 842, Leases. The Company recognizes the lease liability and a right of use asset (ROU) on its balance sheet by measuring the lease liability based on the present value of its future lease payments. The Company uses an incremental borrowing rate based on what it would approximately have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms and in a similar economic environment. The ROU asset is subsequently measured throughout the lease term at the amount of the remeasured lease liability (present value of the remaining lease payments). {10}------------------------------------------------ ### **FT GLOBAL CAPITAL, INC. NOTES TO FINANCIAL STATEMENTS December 31, 2020** #### **Note** 3 - **Lease Commitment (continued)** Maturity of the noncancelable office operating lease are as follows: | Year Ending December 31 | , | | | |-----------------------------------|----|--------|--------------| | 2021 | \$ | 16,500 | | | 2022 | | 18,000 | | | 2023 | | 1,500 | | | Total | \$ | 36,000 | | | Total undiscounted lease payments | | | \$
36,000 | | Less imputed interest | | | (1 ,682) | | Total lease liability | | | | The Company's office space lease requires it to make variable payments for the Company's proportionate share of operating expenses (i.e., building's property taxes, insurance, and common area maintenance). These variable lease payments are not included in lease payments used to determine lease liability and are recognized as variable costs when incurred. The total lease cost associated with this lease for the year ended December 31 , 2020 was \$22, 157. #### **Note 4 - Related Party Transactions** The Company received rental income during 2020 from a sister company for sublease of its office premises of approximately \$7,010 that is included in other revenues. The due from related party on the accompanying statement of financial condition arises from this arrangement. Financial condition and results of operations might differ from the amounts in the accompanying financial statements if this arrangement did not exist. #### **Note 5 - Retirement Plan** The Company has a cash balance retirement plan which was adopted in January 2018. The sole participant in the plan is the Company's stockholder. The amount expensed in the accompanying financial statements related to the plan for 2020 is approximately \$155,154, which has been included in compensation and benefits in the accompanying statement of operations. The gain or loss pertaining to the change in the fair value of plan assets and present value of vested benefits is reflected in other comprehensive income or loss within the accompanying statement of operations. The plan's funded status at December 31, 2020 is as follows: | Assets at fair value | \$
468,295 | |----------------------------|----------------| | Benefit obligation to fund | 51 ,868 | | Vested benefit | \$
520, 163 | {11}------------------------------------------------ ### **FT GLOBAL CAPITAL, INC. NOTES TO FINANCIAL STATEMENTS December 31, 2020** #### **Note 5 - Retirement Plan (continued)** The fair value of plan assets includes \$48,540 of employer contributions in 2020. The unit credit funding method was used as prescribed by the Pension Protection Act. This method sets the funding target equal to the present value of accrued benefits and sets the normal cost equal to the present value of the benefit accrued in the current year. The cash balance projected interest crediting rate is 5%. The plan does not expect to pay any benefits during the next five fiscal years. The Company has also adopted a 401 K plan. The employer contribution to the 401 K plan for 2020 was \$16,800. #### **Note 6 - Paycheck Protection Program loan** During the 12 months ended December 31 , 2020, the Company borrowed \$20,833 under the Paycheck Protection Program (PPP) established by the Coro111avirus Aid, Relief and Economic Security Act, sponsored by the United States and administered by the Small Business Administration. The loan is subject to a note dated May 15th, 2020 and may be forgiven to the extent proceeds of the loan are used for eligible expenditures such as payroll and other expenses described in the CARES Act At December 31 , 2020, the Company believes that it is eligible for forgiveness. The loan bears interest at a rate of 1 % and is payable in monthly installments of principal and interest over 24 months beginning 6 months from the date of the note. The loan may be repaid at any time with no prepayment penalty. The Company has utilized the entirety of the processed of this loan to pay expenses covered by the **PPP** as of December 31 , 2020. #### **Note 7 - Economic Risks** In March 2020, the World Health Organization declared COVID-19 a global pandemic. This pandemic event has resulted in significant business disruption and uncertainty in both global and U.S. markets. While the Company believes that it is in an appropriate position to sustain the potential short-term effects of these world-wide events, the direct and long-term impact to the Company and its financial statements is undetermined at this time. #### **Note 8 - Contingencies** The Company is subject to litigation in the normal course of business. The Company has no litigation in progress at December 31 , 2020. {12}------------------------------------------------ ![](_page_12_Picture_0.jpeg) **Exemptlon Report SEA Rule 17a-5(d)(4)** February 17, 2021 Rubto CPA. P C 2727 Paces Ferry Rd SE Building 2 Suite 1680 Atlanta GA 30339 To Whom 1t May Concern: We, as members of management of FT Global Capital. Inc (the 'Company') are responsib1e for complying With Rule 17a-5 · Reports to be made by cenain brokers and dealers··. We have performed an evaluation of the Company's compliance with the requirements of Ru1 e 17a-5 and the exemption prov1S1ons 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 (1 e , paragraph (k)(1 (k){2)(i) or (k)(2)(i1)) but also ( 1} does not directly or 1nd,rectly receive, hold or ottierwtse owe funds or securities fOf' or to customers other than money or other considerabon received and promptly transm11ted 1n compliance w th paragraph (a) or (b){2) of Exchange Act Rule 15c2-4 {"Rule 15c2-4 '): (2> does not carry accounts or or for customers and (3) does not carry PAB accounts (as defined m Rule 15c3-3) and therefore is covered by Footnote 74 of the 2013 Release. Accordingly, based on our evaluation we make the follov.'lng statements to the best knoy,1edge and behef of the Company - 1. We reviewed the provisions of Rule §15c3-3 and related guidance stated m the SEC Staff s FAQ and confirmed that the Company relied on Footnote 74 of the 2013 Release. - 2. The Company conducted business acti111t1es mvol1111ig pnvate placement of securities and merger and acqu1s1tion transactions throughout the yea ended December 31, 2020 without exceptJon - 3. The Company met the enbt1ed condi' ons for such reliance throughout the penod January 1, ~lo rn~r 1 2020 without exception. Name Patnck Ko Title CEO {13}------------------------------------------------ ## **RUBIO CPA, PC** CERTIFIED PUBLIC ACCOUNTANTS 2727 Paces Ferry Road SE Building *2,* Suite 1680 Atlanta, GA 30339 Office: 770 690-8995 Fax: 770838-7123 #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Stockholder of FT Global Capital, Inc. We have reviewed management's statements included in the accompa nying Broker Dealers Annual Exemption Report in which (I) FT G lobal Capital, Inc. did not claim an exemption from Rule I 5c3-3 in reliance upon Footnote 74 of the 2013 Release, and (2) FT Global Capital, Inc. stated that FT G lobal Capital, Inc. met the identified conditions for such re liance throughout the most recent fiscal year without exception. FT Global Capital, Inc. '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 FT Global Capital, Jnc.'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 stateme nts referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in Footnote 74 of the 20 13 Release February 22, 2021 Atlanta, GA ~lj'~P~ Rubio CPA, PC Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.