# CC SECURITIES, LLC X-17A-5 (2024-02-28) — Broker-dealer annual report

- Company: CC SECURITIES, LLC
- Form: X-17A-5
- Filed: 2024-02-28
- Period: 2023-12-31
- Accession: 0001488053-24-000001
- CIK: 1488053
- File #: 8-68546
- Type: Broker-dealer
- Material weakness: No
- Auditor: RW Group, LLC
- Auditor location: Kennett Square, PA
- Contact: Andrew Miller
- Phone: 917-710-5598
- Email: amiller@dfppartners.com
- Website: dfppartners.com
- Signed by: Andrew Miller (Chief Financial Officer)

Original filing: https://www.sec.gov/Archives/edgar/data/1488053/000148805324000001/ccspublic2023.pdf

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## STATEMENT OF FINANCIAL CONDITION AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

DECEMBER 31, 2023

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### UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

| OMB APPROVAL              |
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| OMB Number: 3235-0123     |
| Expires: Nov. 30, 2026    |
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SEC FILE NUMBER

8-68546

# ANNUAL REPORTS FORM X-17A-5 PART III

FACING PAGE

Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 11/04/2022 17/31/2023

| FILING FOR THE PERIOD BEGINNING U TITU TITZ UZS                                                                                                                 |                                |                                                            | AND ENDING |                         | ILIV ILVEV                              |  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|------------------------------------------------------------|------------|-------------------------|-----------------------------------------|--|
|                                                                                                                                                                 |                                | MM/DD/YY                                                   |            |                         | MM/DD/YY                                |  |
|                                                                                                                                                                 |                                | A. REGISTRANT IDENTIFICATION                               |            |                         |                                         |  |
| NAME OF FIRM: CC Securities, LLC                                                                                                                                |                                |                                                            |            |                         |                                         |  |
| TYPE OF REGISTRANT (check all applicable boxes):<br>_ Security-based swap dealer<br>Broker-dealer<br>Check here if respondent is also an OTC derivatives dealer |                                |                                                            |            |                         | [ Major security-based swap participant |  |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)                                                                                             |                                |                                                            |            |                         |                                         |  |
| 3 Landmark Square - 5th Floor                                                                                                                                   |                                |                                                            |            |                         |                                         |  |
|                                                                                                                                                                 |                                | (No. and Street)                                           |            |                         |                                         |  |
| Stamford                                                                                                                                                        | CT                             |                                                            |            | 06901-2512              |                                         |  |
| (City)                                                                                                                                                          |                                | (Zip Code)<br>(State)                                      |            |                         |                                         |  |
| PERSON TO CONTACT WITH REGARD TO THIS FILING                                                                                                                    |                                |                                                            |            |                         |                                         |  |
| Andrew Miller                                                                                                                                                   | 917-710-5598                   |                                                            |            | amiller@dfppartners.com |                                         |  |
| (Name)                                                                                                                                                          | (Area Code - Telephone Number) |                                                            |            |                         | (Email Address)                         |  |
|                                                                                                                                                                 |                                | B. ACCOUNTANT IDENTIFICATION                               |            |                         |                                         |  |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing *                                                                                      |                                |                                                            |            |                         |                                         |  |
| RW Group, LLC                                                                                                                                                   |                                |                                                            |            |                         |                                         |  |
|                                                                                                                                                                 |                                | (Name - if individual, state last, first, and middle name) |            |                         |                                         |  |
| 400 Old Forge Lane - Suite 401  Kennett Square                                                                                                                  |                                |                                                            |            | PA                      | 19348                                   |  |
| (Address)                                                                                                                                                       |                                | (City)                                                     |            | (State)                 | (Zip Code)                              |  |
| 02/23/2010                                                                                                                                                      | 5020                           |                                                            |            |                         |                                         |  |
| (PCAOB Registration Number, if applicable)<br>(Date of Registration with PCAOB)(if applicable)                                                                  |                                |                                                            |            |                         |                                         |  |
|                                                                                                                                                                 |                                | FOR OFFICIAL USE ONLY                                      |            |                         |                                         |  |
|                                                                                                                                                                 |                                |                                                            |            |                         |                                         |  |

\* Claims for exemption from the requirement that the annual 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-5(e)(1)(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.

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### OATH OR AFFIRMATION

| Andrew Miller                                                 | swear (or affirm) that, to the best of my knowledge and belief, the |
|---------------------------------------------------------------|---------------------------------------------------------------------|
| financial report pertaining to the firm of CC Securities, LLC | as of                                                               |
|                                                               | 2 023                                                               |

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.

MARYROSE MERCADO NOTARY PUBLIC, STATE OF NEW YORK Registration No. 01ME6423025 Qualified in Queens County Commission Expires October 4, 20 25

Signature Title:

Chief Financial Officer

tarv Public

### This filing \*\* contains (check all applicable boxes):

- (a) Statement of financial condition.
- (b) Notes to consolidated statement of financial condition.
- □ (c) Statement of income (loss) or, if there is other comprehensive in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X).
- □ (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.
- [ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable.
- [ (i) Computation of tangible net worth under 17 CFR 240.18a-2.
- □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
- □ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable.
- [ (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3.
- [ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3.
- □ (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.
- □ (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 240.15c3-3 or 17 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.
- = (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-5 or 17 CFR 240.18a-7, as applicable.
- [ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- = (t) Independent public accountant's report based on an examination of the statement of financial condition.
- □ (u) Independent public accountant's report based on an examination of the 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-5 or 17 CFR 240.18a-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 240.17a-12, as applicable.
- □ (y) Report describing any material inadequacies 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).
- O (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), as applicable.

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CONTENTS December 31, 2023

| Report of Independent Registered Public Accounting Firm | 1   |
|---------------------------------------------------------|-----|
| Financial Statement                                     |     |
| Statement of Financial Condition                        | 2   |
| Notes to Financial Statement                            | 3-7 |
|                                                         |     |

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![](_page_4_Picture_0.jpeg)

## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Member of CC Securities, LLC

## Opinion on the Financial Statement

We have audited the accompanying statement of financial condition of CC Securities, LLC as of December 31, 2023, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of CC Securities, LLC as of December 31, 2023 in conformity with accounting principles generally accepted in the United States of America.

## Basis for Opinion

This financial statement is the responsibility of CC Securities, LLC's management. Our responsibility is to express an opinion on CC Securities, LLC'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 CC Securities, 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 statement is 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 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 statements. Our audit also included evaluating 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.

We have served as CC Securities, LLC's auditor since 2019. Kennett Square, Pennsylvania February 27, 2024

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# STATEMENT OF FINANCIAL CONDITION

December 31, 2023

## ASSETS

| Cash and cash equivalents                            | ക്ക   | 1,207,433 |
|------------------------------------------------------|-------|-----------|
| Fees receivable                                      |       | 859,871   |
| Prepaid expenses and other assets                    |       | 27,823    |
|                                                      | લ્ત્વ | 2,095,127 |
| LIABILITIES AND MEMBER'S EQUITY                      |       |           |
| Liabilities<br>Accounts payable and accrued expenses | ക്ക   | 768,862   |
| Due to parent                                        |       | 11,105    |
| Total liabilities                                    |       | 779,967   |
| Member's equity                                      |       | 1,315,160 |
|                                                      |       | 2,095,127 |

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### NOTES TO FINANCIAL STATEMENT December 31, 2023

### 1. Nature of business and summary of significant accounting policies

### Nature of Business

CC Securities, LLC (the "Company") was formed in December 2009 and is located in New York. The Company completed its registration as a broker-dealer in April 2011 with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company is a wholly owned subsidiary of The CenterCap Group, LLC (the "Parent"). The Company is a strategic and financial advisory firm, which provides mergers and acquisitions, private placement and capital raising advisory services to middle market companies and fund managers across the real estate industry.

### Basis of Presentation

The financial statement has been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP").

### Use of Estimates

The preparation of financial statement in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statement. Actual results could differ from those estimates.

### Fees Receivable

Fees receivable are carried at the amounts billed to customers, net of an allowance for credit losses, which is an estimate for credit losses based on a review of all outstanding amounts. Fees receivable were approximately \$1,191,000 as of December 31,2022. Fees receivable were approximately \$860,000 as of December 31, 2023.

### Allowance for credit losses

The Company applies Accounting Standards Codification ("ASC") Topic 326, Financial Instruments - Credit Losses ("ASC 326") for certain financial assets measured at amortized cost to estimate expected credit losses over the entire life of the financial asset, recorded at inception or purchase.

The allowance for credit losses is based on the Company's expectation of financial instruments carried at amortized cost, including fees receivable utilizing the CECL framework. The Company considers factors such as historical experience, credit quality, age of balances and future economic conditions that may affect the Company's expectation of the collectability in determining the allowance for credit losses. The Company's expectation is that the credit risk associated with fees receivables is not significant until they are 90 days past due on the contractual arrangement and expectation in accordance with industry standards. Management does not believe that an allowance is required as of December 31, 2023.

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{9}------------------------------------------------

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-

{10}------------------------------------------------

NOTES TO FINANCIAL STATEMENT December 31, 2023

### 6. Exemption from Rule 15c3-3

The Company is exempt from the provisions of SEC Rule 15c3-3 under the Securities Exchange Act of 1934. The Company does not hold customers' cash or securities and therefore, has no obligations under SEC Rule 15:3-3 under the Securities Exchange Act of 1934.

### 7. Subsequent Events

Management of the Company has evaluated all subsequent transactions through February 27, 2024, the date the financial statement was available to be issued. It has been determined that there are no subsequent events that require recognition or disclosure in the accompanying financial statement.


Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.