# EUROCONSULT CAPITAL, LLC X-17A-5 (2021-03-29) — Broker-dealer annual report - Company: EUROCONSULT CAPITAL, LLC - Form: X-17A-5 - Filed: 2021-03-29 - Period: 2020-12-31 - Accession: 0001390422-21-000001 - CIK: 1390422 - File #: 8-67554 - Material weakness: No - Auditor: McBee & Co., P.C. - Auditor location: Dallas, TX - Contact: Evan Yellin - Phone: 212-972-4300 - Website: mcbeeco.com - Signed by: Evan Yellin (Designated Principal) Original filing: https://www.sec.gov/Archives/edgar/data/1390422/000139042221000001/euroconsult.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: October 31, 2023 Estimated average burden hours oerresoonse ...... 12.00 SEC FILE NUMBER 8-67554 # ANNUAL AUDITED REPORT FORM X-17A-5 PART Ill FACING PAGE 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 | | | 12/31/2020
AND ENDING ·~~~~~~~~~~~ | |----------------------------------------------------------------------------------------|--------------------------------------------------------|---------|---------------------------------------| | | MM/DD/YY | | MM/DD/YY | | | A. REGISTRANT IDENTIFICATION | | | | NAME oF BROKER-DEALER: EuroConsult Capital, LLC | | | OFFICIAL USE ONLY | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | | FIRM l.D. NO. | | 767 Third Avenue, 19th Floor | | | | | | (No. and Street) | | | | New York | New York | | 10017 | | (City) | (State) | | (Zip Code) | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
Evan Yellin | | | (212) 972-4300 | | | | | (Area Code- Telephone Number) | | | B. ACCOUNTANT IDENTIFICATION | | | | INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report* | | | | | McBee & Co., P.C. | | | | | | (Name - if individual, state last, first, middle name) | | | | 718 Paulus Avenue | Dallas | Texas | 75214 | | (Address) | (City) | (State) | (Zip Code) | | CHECK ONE: | | | | | l./'lcertified Public Accountant | | | | | OPublic Accountant | | | | | | | | | | OAccountant not resident in United States or any of its possessions. | | | | | | FOR OFFICIAL USE ONLY | | | *\*Claims for exemption from the requirement that 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 240.17a-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. {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | l, Evan Yellin | | , swear (or affirm) that, to the best of | |------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | ~~ | Capital, LLC | my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of
EuroConsult ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
, as | | | of December 31 | 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 | | 0
0
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0 | Notary Public
This report** contains (check all applicable boxes):
0 (a) Facing Page.
(b) Statement of Financial Condition.
of Comprehensive Income (as defined in §210.1-02 of Regulation S-X).
(d) Statement of Changes in Financial Condition.
0 (e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital.
0 (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 I 5c3-3.
(i) Information Relating to the Possession or Control Requirements Under Rule I 5c3-3.
Computation for Determination of the Reserve Requirements Under Exhibit A of Rule l 5c3-3.
consolidation.
(1) An Oath or Affirmation.
0 (m) A copy of the SIPC Supplemental Report. | Title
FERNANDO 0. KOATZ
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No. 02K04956693
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1ZJ (c) Statement of Income (Loss) or, ifthere is other comprehensive income in the period(s) presented, a Statement
0 (j) A Reconciliation, including appropriate explanation of the Computation of Net Capital Under Rule I 5c3-
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0 (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of
(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. I 7a-5(e)(3).* {2}------------------------------------------------ For the Year Ended December 31, 2019 #### TABLE OF CONTENTS December 31, 2020 | | PAGE | |---------------------------------------------------------------------------------------------------------------------------------------|-------| | REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM ON THE FINANCIAL STATEMENTS | 1 | | FINANCIAL STATEMENTS | | | Statement of Financial Condition | 2 | | Statement of Operations | 3 | | Statement of Changes in Member's Equity | 4 | | Statement of Cash Flows | 5 | | Notes to Financial Statements | 6-9 | | SUPPLEMENTAL INFORMATION | | | Schedule I - Computation of Net Capital Pursuant to
Rule 15c3-1 of the Securities and Exchange Commission | 10-11 | | Schedule II - Computation for Determination of Reserve
Requirements Under Rule 15c3-3 of the Securities
and Exchange Commission | 12 | | ADDITIONAL REPORTS AND RELATED INFORMATION | | | Report of Independent Registered Public Accounting Firm on
the Exemption from SEC Rule 15c3-3 Report | 13 | | EuroConsult Capital LLC's Exemption Report | 14 | {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** #### **To the Managing Director and Member of EuroConsult Capital LLC** #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of EuroConsult Capital LLC as of December 31, 2020, the related statements of operations, changes in member's equity, 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 EuroConsult Capital LLC as of December 31, 2020, 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 EuroConsult Capital LLC's management. Our responsibility is to express an opinion on EuroConsult Capital LLC'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 EuroConsult 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. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. #### **Auditor's Report on Supplemental Information** The supplemental information contained in Schedule I, Computation of Net Capital Under Rule 15c3‐1 of the Securities and Exchange Commission and Schedule II, Computation for Determination of Reserve Requirements Under Rule 15c3‐3 of the Securities and Exchange Commission has been subjected to audit procedures performed in conjunction with the audit of EuroConsult Capital LLC's financial statements. The supplemental information is the responsibility of EuroConsult Capital LLC's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a‐5. In our opinion, the supplemental information contained in Schedule I, Computation of Net Capital Under Rule 15c3‐1 of the Securities and Exchange Commission, and Schedule II, Computation for Determination of Reserve Requirements Under Rule 15c3‐3 of the Securities and Exchange Commission is fairly stated, in all material respects, in relation to the financial statements as a whole. 718 Paulus Avenue • Dallas, Texas 75214 • (ph) 214.823.3500 • www.mcbeeco.com Dallas Keller/Southlake **McBee & Co., PC** We have served as EuroConsult Capital LLC's auditor since 2014. Dallas, Texas March 29, 2021 {4}------------------------------------------------ ### STATEMENT OF FINANCIAL CONDITION #### As of December 31, 2020 #### ASSETS | Cash and Cash Equivalents | | \$
22,199 | |---------------------------------------|--------------|--------------| | Prepaid Expenses | | 3,965 | | | TOTAL ASSETS | \$
26,164 | | LIABILITIES AND MEMBER'S EQUITY | | | | Accounts Payable: | | | | Trade | | \$
1,519 | | TOTAL LIABILITIES | | 1,519 | | MEMBER'S EQUITY | | 24,645 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | | \$
26,164 | {5}------------------------------------------------ ### STATEMENT OF OPERATIONS For the Year Ended December 31, 2020 #### REVENUE | Commissions Income | | \$ | |-----------------------------------------|----------------|-----------------| | | TOTAL REVENUE | 0 | | EXPENSES | | | | Administrative Management Fees (Note 2) | | 40,374 | | Professional Fees | | 40,610 | | General and Administrative | | 35,058 | | | TOTAL EXPENSES | 116,042 | | NET LOSS | | \$
(116,042) | {6}------------------------------------------------ ### STATEMENT OF CHANGES IN MEMBER'S EQUITY | For the Year Ended December 31, 2020 | | |--------------------------------------|--------------| | | | | MEMBER'S EQUITY, BEGINNING OF YEAR | \$
31,948 | | Capital Contributions | 108,738 | | Net Loss | (116,042) | | MEMBER'S EQUITY, END OF YEAR | \$
24,644 | {7}------------------------------------------------ #### STATEMENT OF CASH FLOWS # Cash Flows from Operating Activities Net Loss \$ (116,042) Adjustments to Reconcile Net Loss to Net Cash Provided by (Used by) Operating Activities: Non-cash Contributions of Administrative Management Fees 43,738 Change in operating assets and liabilities: Increase in prepaid expenses (3,271) Increase in accounts payable 1,689 Total adjustments 42,157 Net Cash Used by Operating Activities (73,885) Financing Activities Member's contribution 65,000 Net Cash Provided by Financing Activities 65,000 Net Increase in Cash and Cash Equivalents (8,885) Beginning of Period 31,084 End of Period \$ 22,199 Supplemental Cash Flow Information Non-cash Activity: Intercompany Payables Converted to Member Contributions \$ 43,738 For the Year Ended December 31, 2020 {8}------------------------------------------------ # **NOTES TO FINANCIAL STATEMENTS** #### **1. Nature of business and summary of significant accounting policies** #### *Nature of Business* EuroConsult Capital LLC is a New York limited liability company, which was formed in November 2006. The Company, which is a wholly-owned subsidiary of EC Mergers & Acquisitions, a EuroConsult Company, is a broker-dealer registered with the SEC and FINRA. The Company's principal activity is to advise and consult with institutional investors and commercial entities concerning mergers and acquisitions. #### *Basis of Presentation* The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). The Company has evaluated events that have occurred subsequent to December 31, 2020, and through March 29, 2021, the date of the report was available to be issued. There have been no material subsequent events that occurred during such period that would require disclosure in this report or would be required to be recognized in the financial statements as of December 31, 2020. ### *Use of Estimates* The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of the 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. ### *Revenue Recognition* The Company enters into agreements with customers to provide the services defined in each contract. Generally, the Company receives placement and success fees as compensation for services rendered. Some other services include investment advisory services for structuring investments. 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 the appropriate measure of the Company's progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. {9}------------------------------------------------ ### **NOTE 1 - Nature of business and summary of significant accounting policies (***Continued***)** The compensation structures of the placement and success fees are defined in the contracts and are generally paid to the Company for successfully closing a transaction. The Company satisfies its performance obligations upon consummating the transaction defined in the contracts. These performance obligations are typically facilitating capital raises for the client or closing a defined transaction. These fees are generally variable and the estimate of variable consideration is typically constrained in accordance with paragraphs 606-10-32-11 through 32-13 of (ASU) No. 2014-09 because of the uncertainty associated with the variable consideration. Specifically, the amount of consideration is highly susceptible to factors outside the entity's influence can take an extended period of time, price concessions could occur and there is a large number and broad range of possible outcomes. Revenue is recognized from the satisfaction of the performance obligation based on the amount the Company has a right to invoice and that amount directly corresponds with the value to the customer of the performance completed to date. ### *Income Taxes* The Company is treated as a flow-through entity for income tax purposes. As a result, the net taxable income of the Company and any related tax credits, for federal income tax purposes, are deemed to pass to the Parent and are included in the Parent's members' personal tax returns even though such net taxable income or tax credits may not actually have been distributed. Accordingly, no tax provision has been made in the financial statements since the income tax is a personal obligation of the individual members of the parent. The Company is subject to state income tax. The Company has not recorded provisions for estimated New York margin taxes for the year ended December 31, 2020, as they are not significant. The Company recognizes and measures any unrecognized tax benefits in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740, "Income Taxes". Under that guidance the Company assesses the likelihood, based on their technical merit, that tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. The measurement of unrecognized tax benefits is adjusted when new information is available, or when an event occurs that requires a change. As of December 31, 2020, the Company believes there are no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. {10}------------------------------------------------ ### *Statement of Cash Flows* For purposes of the Statement of Cash Flows, the Company has defined cash equivalents as highly liquid investments, with original maturities of less than three months, which are not held for sale in the ordinary course of business. #### **2. Related party transactions** #### *Service Agreement* Pursuant to service agreements, the Company's Parent provides various services and other operating assistance to the Company. These include professional services, physical premises, utilities, the use of fixed assets, travel, insurance, subscriptions, taxes, personnel and other general and administrative services. The total amount incurred and paid by the Company under these agreements approximated \$40,000 for the year ended December 31, 2020. These expenses are reflected in administrative management fees in the accompanying Statement of Operations The Company and its Parent are under common control and the existence of that control may create a financial position and operating results significantly different than if the companies were autonomous. #### **3. Net capital requirement** The Company, as a member of FINRA, is subject to the Securities and Exchange Commission Uniform Net Capital Rule 15c3-1. This Rule requires the maintenance of minimum net capital and that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1 and that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. At December 31, 2020, the Company's net capital was \$20,680, which was \$15,680 in excess of its minimum requirement of \$5,000. The Company's net capital ratio was 0.07 to 1 for December 31, 2020. Capital contributions and distributions to the members can be made under a capital policy approved by the Company's member. Periodic contributions and/or distributions approved by the member may be made in order to enable the member to effectively manage the Company. ### **4. SIPC Supplemental Reporting** The Company is exempt from the filing of the SIPC Supplemental Report as net operating revenues are less than \$500,000. {11}------------------------------------------------ ### **5. Liabilities Subordinated to Claims of General Creditors** During the year ended December 31, 2020, there were no subordinated liabilities to the claims of general creditors. Accordingly, a statement of changes in liabilities subordinated to claims of general creditors has not been included in these financial statements. ### **6. Concentration of risks** The Company is engaged in brokerage activities in which it engages in investment activities with limited partnerships and limited liability companies throughout the United States. In the event the counterparties do not fulfill their obligations, the Company may be exposed to risk. The risk of default depends on the creditworthiness of the counterparty or issuer of the instrument. It is the Company's policy to review, as necessary, the credit standing of each counter-party. The Company's financial instruments that are subject to concentrations of credit risk primarily consist of cash. The Company places its cash with one high credit quality institution. At times, such cash may be in excess of the FDIC insurance limits. The Company believes that it is not exposed to any significant risk related to cash. #### **7. Contingencies** In the ordinary course of conducting its business, the Company may be subjected to loss contingencies arising from lawsuits. Management believes that the outcome of such matters, if any, will not have a material impact on the Company's financial condition or results of future operations. ### **8. Exemption from Rule 15c3-3** The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240. 15c3-3, and is 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 exclusively to: (1) mergers and acquisitions; and (2) private placement of securities, 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 PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. During the year ended December 31, 2020 and for the period from January 1, 2021 to March 29, 2021, in the opinion of management, the Company has maintained compliance with the conditions for the exemption specified in paragraph(k)(2)(i) of Rule 15c3-3. {12}------------------------------------------------ #### SCHEDULE I ### COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION #### As of December 31, 2020 #### COMPUTATION OF NET CAPITAL | Total Member's Equity Qualified for Net Capital | \$
24,644 | |------------------------------------------------------------------------------------|--------------| | Add: | | | Other deductions or allowable credits | 0 | | Total capital and allowable subordinated liabilities | 24,644 | | Deductions and/or charges: | | | Non-allowable assets | 3,965 | | Other assets | | | Net capital before haircuts on securities positions | 20,679 | | Haircuts on securities (computed, where applicable,
pursuant to Rule 15c3-1 (f) | | | Net Capital | \$
20,679 | | AGGREGATE INDEBTEDNESS | | | Items included in statement of financial condition: | | | Accounts payable | \$
1,519 | | Total Aggregate Indebtedness | \$
1,519 | {13}------------------------------------------------ ## SCHEDULE I, CONTINUED ## COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION ### As of December 31, 2020 ### COMPUTATION OF BASIC NET CAPITAL REQUIREMENT | Minimum Net Capital Required | \$
101 | |-------------------------------------------------------------------------------|--------------| | Minimum Dollar Net Capital Requirement of Reporting
Broker or Dealer | \$
5,000 | | Net Capital Requirement (greater of above two
minimum requirement amounts) | \$
5,000 | | Excess Net Capital | \$
15,679 | | Excess Net Capital at 1000% | \$
14,679 | | Ratio: Aggregate Indebtedness to Net Capital | .07 to 1 | ## RECONCILIATION WITH COMPANY'S COMPUTATION No material differences existed between the audited computation of net capital pursuant to Rule 15c3-1 as of December 31, 2020 and the corresponding unaudited filing of Part IIA of the FOCUS Report/Form X-17A-5 filed by EuroConsult Capital LLC. {14}------------------------------------------------ ### SCHEDULE II # COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION #### For the Year Ended December 31, 2020 ### EXEMPTIVE PROVISIONS The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240. 15c3-3, and is 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 exclusively to: (1) mergers and acquisitions; and (2) private placement of securities, 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 PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. {15}------------------------------------------------ ![](_page_15_Picture_0.jpeg) #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** #### **To the Managers and Member of EuroConsult Capital LLC** We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) EuroConsult Capital LLC does not claim an exemption under paragraph (k) of 17 C.F.R. §240.15c3‐3, and (2) EuroConsult Capital LLC is filing the Exemption Report relying on Footnote 74 of the SEC Release No. 34‐70073 as a Non‐Covered Firm as it limits its business activities exclusively to (1) mergers and acquisitions and (2) private placement of securities and EuroConsult Capital LLC (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 EuroConsult Capital LLC; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3‐3) throughout the most recent fiscal year, December 31, 2020, without exception. EuroConsult Capital LLC's management is responsible for compliance with the Non‐Covered Firm Provision 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 EuroConsult Capital LLC's compliance with the Non‐Covered Firm Provision. 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 material respects, based on the Non‐Covered Firm Provision. **McBee & Co., PC** Dallas, Texas March 29, 2021 {16}------------------------------------------------ # **EuroConsult Capital, LLC's Exemption Report** EuroConsult Capital, LLC 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 exclusively to: (1) mergers and acquisitions; and (2) private placement of securities, 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 PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. EuroConsult Capital, LLC I, Evan S. Yellin, affirm that, to my best knowledge and belief, this Exemption Report is true and correct. Signature Managing Director Title March 29, 2021 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.