# DCCA SECURITIES, LLC X-17A-5 (2021-02-25) — Broker-dealer annual report - Company: DCCA SECURITIES, LLC - Form: X-17A-5 - Filed: 2021-02-25 - Period: 2020-12-31 - Accession: 0001517071-21-000002 - CIK: 1517071 - File #: 8-68847 - Material weakness: Yes - Auditor: Michael Maastricht, CPA - Auditor location: Phoenix, AZ - Contact: Nancy Martinez - Phone: 855-955-1500 - Signed by: Michael A, Dinan (President & CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1517071/000151707121000002/annualaudit.pdf --- {0}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** # **ANNUAL AUDITED REPORT FORM X-17A-5 PART Ill** 0MB APPROVAL 0MB Number: 3235-0123 Expires: October 31, 2023 Estimated average burden hours per response ...... 12.00 | SEC FILE NUMBER | |-----------------| | 8-68847 | **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
AND ENDING 12/31/2020 | | | | | |------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------|---------------|--------------------------------|--|--| | | MM/DD/YY | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | | | NAME OF BROKER-DEALER: DCCA Securities LLC dba Dinan Capital Advisors | | | OFFICIAL USE ONLY | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | FIRM I.D. NO. | | | | | 307 N Gateway Blvd | | | | | | | | (No. and Street) | | | | | | Phoenix | AZ | | 85008-6589 | | | | (City) | (State) | | (Zip Code) | | | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
Michael A. Dinan | | | 855-955-1500 | | | | | | | (Area Code - Telephone Number) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | | | | | | INDEPENDENT PUBLIC ACCOUNT ANT whose opinion is contained in this Report*
Michael Maastricht, CPA | | | | | | | | (Name - if individual, state last, first, middle name) | | | | | | 11225 N 28th Dr. Ste. D-101 | Phoenix | AZ | 85029 | | | | (Address) | (City) | (State) | (Zip Code) | | | | CHECK ONE: | | | | | | | I
v" I
Certified Public Accountant | | | | | | | Public Accountant | | | | | | | | Accountant 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.* J *7a-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 0MB control number.** SEC 1410 (11-05) {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | I, _M_i_c_h_ae_l_A_._D_i_n_an _______________________ | __ , swear ( or affirm) that, to the best of | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | DCCA Securities LLC dba Dinan Capital Advisors | my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of
--------------------------------------------- | | of December 31 | , as
are true and correct. I further swear (or affirm) that | | classified solely as that of a customer, except as follows:
None | neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account | | | ~ | | | ~
~
7u~\$;:c+--
Signature
President & CEO
Title | | This report** contains (check all applicable boxes):
0 (a) Facing Page.
[a (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 15c3-3.
y
(i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3.
Computation for Determination of the Reserve Requirements Under Exhibit A of Rule l 5c3-3.
consolidation.
(I) An Oath or Affirmation.
-~
(m) A copy of the SIPC Supplemental Report.
r | 0 (c) Statement oflncome (Loss) or, if there is other comprehensive income in the period(s) presented, a Statement
D (j) A Reconciliation, including appropriate explanation of the Computation of Net Capital Under Rule l 5c3-1 and the
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 240.17a-5(e)(3). | | {2}------------------------------------------------ Phoenix, Arizona #### **FINANCIAL STATEMENTS WITH ACCOUNTANT'S REPORT** as of December 31, 2020 **MICHAEL MAASTRICHT, CPA** Certified Public Accountant {3}------------------------------------------------ #### **DCCA SECURITIES, LLC** #### Year Ended December 31, 2020 #### TABLE OF CONTENTS | Report of independent registered public accounting firm | | | |---------------------------------------------------------------------------------------------------------------------|------|--| | Financial statements: | | | | Statement of financial condition | 3 | | | Statement of income | 4 | | | Statement of changes in member's equity | 5 | | | Statement of cash flows | 6 | | | N ates to financial statements | 7-10 | | | Supplementary information to financial statements: | | | | Schedule I | | | | Computation of Net Capital under Rule 15c3-l of
the Securities and Exchange Commission | 11 | | | Schedule II | | | | Computation of Aggregate Indebtedness to Net Capital
under Rule 15c3-l of the Securities and Exchange Commission | 12 | | | Schedule III
Statement Regarding Reserve Requirements and
Possession or Control Requirements | 13 | | | Review report of independent registered public accounting firm | 14 | | | Exemption report | 15 | | {4}------------------------------------------------ # **MICHAEL MAASTRICHT, CPA** Certified Public Accountant 11225 North 28th Drive, Suite D-101 Phoenix, Arizona 85029 (602) 375-2926 - Office (602) 375-2761 - Fax mike@maastrichtcpa.c 111 - e-mail #### **Report of Independent Registered Public Accounting Firm** To the Member DCCA Securities, LLC: #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition ofDCCA Securities, LLC as of December 31, 2020, the related statements of income, changes in member's equity, and cash flows for the 2020 then ended, and the related notes and schedules. In our opinion, the financial statements present fairly, in all material respects, the financial position of DCCA Securities, 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 DCCA Securities, LLC' s management. Our responsibility is to express an opinion on DCCA Securities, 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 DCCA 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 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 ouropm10n. **Member American Institute of Certified Public Accountants Arizona Society of Certified Public Accountants** {5}------------------------------------------------ #### **Auditors' Report on Supplemental Information** The computation of Net Capital Pursuant to Rule 15c3-3 has been subjected to audit procedures performed in conjunction with the audit of DCCA Securities, LLC's financial statements. The supplemental information is the responsibility of DCCA Securities, 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 is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the Company's auditor since 2012. Phoenix, Arizona February 26, 2021 {6}------------------------------------------------ Statement of Financial Condition December 31,2020 #### **ASSETS** | Current assets: | | | |---------------------------------------|----|--------------| | Cash | | 681,011 | | Accounts receivable | | 986 | | Other assets | | 2,208 | | Total current assets | | 684,205 | | Total assets | \$ | 684,205 | | LIABILITES AND MEMBER'S EQUITY | | | | Liabilities | | | | Credit card payable | \$ | 1,047 | | Member's equity: | | | | Capital | | \$ 1,375,000 | | Accumulated profit (loss) | | (691,842) | | | | | | Total member's equity | | 683,158 | | Total liabilities and member's equity | | 684,205 | {7}------------------------------------------------ Statement of Income For the Year Ended December 31, 2020 | Revenue: | | |-----------------------------|-----------------| | Closing fees | 1,789,485
\$ | | Retainer fees | 330,000 | | Total income | 2,119,485 | | | | | Expenses: | | | Insurance | 143,396 | | Legal and professional fees | 192,033 | | Advertising and promotion | 5,314 | | Office expenses | 63,610 | | Payroll | 2,081,130 | | Payroll taxes | 120,303 | | Regulatory fees | 25,739 | | Rent | 135,273 | | Repairs and maintenance | 8,208 | | Travel and entertainment | 33,124 | | Utilities | 15,984 | | Total expenses | 2,824,114 | | Net operating loss | (704,629) | | Other income | | | Interest income | 1,157 | | Net loss | (703,472)
\$ | {8}------------------------------------------------ Statement of Changes in Member's Equity For the Year Ended December 31, 2020 | | Accumulated
Capital
Profit (Loss) | | | Total | | |----------------------------------------|-----------------------------------------|--------------|---------------------|----------------------|--| | Balance, December 31, 2019
Net Loss | \$ | 425,000 | 11,630
(703,472) | 436,630
(703,472) | | | Additional Contributions | | 950,000 | | 950,000 | | | Balance, December 31, 2020 | | \$ 1,375,000 | (691,842) | 683,158 | | {9}------------------------------------------------ Statement of Cash Flows For the Year Ended December 31, 2020 | Cash flows from operating activities:
Net loss
Adjustments to reconcile net income to net | \$
(703,472) | |-------------------------------------------------------------------------------------------------|-----------------| | cash provided by operating activities: | | | Decrease in accounts receivable | 6,020 | | Increase in accounts payable | 1,047 | | Net cash used by operating activities | (696,405) | | Cash flows from financing activities: | | | Member contributions | 950,000 | | Net cash provided by financing activities | 950,000 | | Net increase in cash | 253,595 | | Cash at beginning of year | 427,416 | | Cash at end of year | \$
681,011 | {10}------------------------------------------------ Notes to Financial Statements For the Year Ended December 31, 2020 (1) Operations and Summary of Significant Accounting Policies: Nature of Company's business: DCCA Securities, LLC ("the Company") was registered under the laws of the State of Arizona in February, 2011 to operate as a middle-market investment bank providing merger, acquisition, valuation and private placement advisory services to clients. Cash and cash equivalents: For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. At December 31, 2020 and periodically throughout the year, the Company has maintained balances in excess of Federally insured limits. Use of estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Financial instruments Fair value is determined by using available market information and valuation methodologies. Financial instruments include cash, and accounts receivable, which are carried at fair value. Recent Accounting Pronouncements In May 2014, the FASB issued Accounting Standards Update 2014-09, "Revenue from Contracts with Customers" (Topic 606), that supersedes current revenue recognition guidance, including most industry-specific guidance. ASU 2014-09, as amended, requires a company to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. The guidance also requires additional disclosures regarding the nature, amount, timing, and uncertainty of revenue {11}------------------------------------------------ Notes to Financial Statements For the Year Ended December 31, 2020 # (1) Operations and Summary of Significant Accounting Policies ( continued): that is recognized. Under the new guidance, an entity is required to perform the following five steps: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. The adoption of ASU 2014-09 did not result in a material change in the timing of revenue recognition or a material impact on our financial position, results of operations, or cash flows from adopting this standard. In February 2016, the FASB issued ASU 2016-02, "Leases" that requires for leases longer than one year, a lessee to recognize in the statement of financial condition a right·of-use asset, representing the right to use the underlying asset for the lease term, and a lease liability, representing the liability to make lease payments. The accounting update also requires that for finance leases, a lessee recognize interest expense on the lease liability, separately from the amortization of the right-of-use asset in the statements of earnings, while for operating leases, such amounts should be recognized as a combined expense. In addition, this accounting update requires expanded disclosures about the nature and terms of lease agreements. The Company has reviewed the new standard and does not expect it to have a material impact on its financial statements. #### Expense sharing The Company has an expense sharing agreement at its home office with its owner, Dinan & Company, LLC, whereby portions of certain expenses, primarily rent, payroll, insurance, furniture and equipment are shared by the companies. Under the arrangement, the Company has no liability under rental leases ( except as stated in footnote 7) and owns no depreciable assets. #### Advertising Costs The Company generally expenses the costs of mailers and published advertisements as of the date the advertisements occur. There were no advertising costs or deferred expenses. {12}------------------------------------------------ Notes to Financial Statements For the Year Ended December 31, 2020 ### (2) Revenue Recognition The Company receives closing fees and retainer fees in accordance with terms stipulated in contracts with clients. Closing fees are recognized as earned when transactions are closed per the agreements. Retainer fees are recognized in the period services are rendered. #### (3) Related party: Amounts paid to the Company's owner for shared expenses follow: | Payroll-including payroll tax and insurance | \$ 281 232 | |---------------------------------------------|-------------| | Rent | 105 000 | | Repairs and maintenance | 8 208 | | Utilities | 15 984 | | Office | 38,976 | | | \$ 4
400 | #### (4) Income taxes: All income and expense is passed through the Company for tax purposes and reported on the income tax returns of the individual member. Accordingly, the financial statements include no provision or liability for income taxes. Generally, the Company is subject to examination by U.S. Federal and state income tax authorities for three years from the filing of a tax return. (5) Net capital requirements: The Company is subject to regulatory requirements for m1mmum capitalization by FINRA. At December 31, 2020, the Company had net capital of \$664,964, which was \$659,964 in excess of its required capital of \$5,000. {13}------------------------------------------------ Notes to Financial Statements For the Year Ended December 31, 2020 ( 6) Subsequent events: The Company did not have any subsequent events through February 26, 2021, which is the date the financial statements were available to be issued, requiring recording or disclosure in the financial statements for the year ended December 31, 2020. (7) Commitments and contingencies: Leases on office facilities expire in 2021. Rental expense, excluding shared expenses, was \$30,273. The rental payments required in 2021 are \$8,770. {14}------------------------------------------------ #### **DCCA SECURITIES, LLC dba DINAN CAPITAL ADVISORS SCHEDULE I** # Computation of Net Capital Under Rule15c3-l of the Securities and Exchange Commission December 31, 2020 | Member's equity (capital) per balance sheet
at December 31, 2020 | | \$
683,158 | |-------------------------------------------------------------------------------------------------------------------|------------------------------|---------------| | Less not allowable assets and deductions:
Accounts receivable
Security deposits
Fidelity bond deductible | \$
986
2,208
15,000 | 18,194 | | Net capital for FINRA requirement
purposes as of December 31, 2020 | | 664,964 | | Net capital required | | 5,000 | | Net capital in excess of amount required | | \$
659,964 | **Note:** There are no material differences between the above computation and the Company's corresponding unaudited Part II of Form X-17A-5 as of December 31, 2020 {15}------------------------------------------------ # **DCCA SECURITIES, LLC dba DINAN CAPITAL ADVISORS SCHEDULE II** Computation of Aggregate Indebtedness to Net Capital Under Rule15c3-1 of the Securities and Exchange Commission December 31, 2020 | Total aggregate indebted liabilities
as of December 31, 2020 | | \$
1,047 | |-----------------------------------------------------------------|----|-------------| | Add: | | | | Drafts for immediate credit | \$ | | | Market value of securities borrowed | | | | Other unrecorded amounts | | | | Total aggregate indebtedness | | | | as of December 31, 2020 | | \$
1,047 | | Percentage of aggregate indebtedness to net capital | | 0.16% | **Note:** There are no material differences between the above computation and the Company's corresponding unaudited Part II of Form X-17A-5 as of December 31, 2020 {16}------------------------------------------------ #### **DCCA SECURITIES, LLC dba DINAN CAPITAL ADVISORS SCHEDULE III** December 31, 2020 Statement Regarding Reserve Requirements and Possession or Control Requirements The Company is considered a Non-Covered Firm exempt from 17 C F R §240.15c3-3 relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240. l 7a-5 because the Company limits its business activities exclusively, to: (a) merger and acquisition advisory services;(b) investment banking-related consulting services, and (c) private placement of securities ( excluding oil & gas offerings and REITs ). As a Non-Covered Firm, the Computation of Determination of the Reserve Requirements and Information Relating to the Possession or Control Requirements are not required. {17}------------------------------------------------ # **MICHAEL MAASTRICHT, CPA** Certified Public Accountant 11225 North 28th Drive, Suite D-101 Phoenix, Arizona 85029 (602) 375-2926 - Office (602) 375-2761 - Fax mike@maa trichtcpa.com - e-mail #### **REVIEW REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member DCCA Securities, LLC We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) DCCA Securities, LLC does not claim an exemption from 17 C.F.R. §240.15c3-3, and (2) DCCA Securities, 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 (a) merger and acquisition advisory services; (b) investment banking-related consulting services, and (c) private placement of securities (excluding oil & gas offerings and REITs) and DCCA Securities, LLC (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; (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. DCCA Securities, LLC's management is reponsible 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 DCCA Securities, 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. Phoenix, Arizona February 26, 2021 -14- **Member American Institute of Certified Public Accountants Arizona Society of Certified Public Accountants** {18}------------------------------------------------ #### **DCCA SECURITIES, LLC EXEMPTION REPORT** DCCA Securities, LLC (the "Company") is a registered broker-dealer subject to Rule 1 7a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. § 240.17a-5(d)(l) 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: (a) merger and acquisition advisory services; (b) investment banking-related consulting services, and (c) private placement of securities (excluding oil & gas offerings and REITs), and the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; (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. #### **DCCA Securities, LLC** I, Michael Dinan, swear ( or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. <::::. Michael Dinan President and Chief Executive Officer February 26, 2021 {19}------------------------------------------------ Phoenix, Arizona # **ACCOUNTANT'S AGREED UPON PROCEDURES REPORT** as of December 31 , 2020 **MICHAEL MAASTRICHT, CPA** Certified Public Accountant {20}------------------------------------------------ # **MICHAEL MAASTRICHT, CPA** Certified Public Accountant 11225 North 28th Drive, Suite D-101 Phoenix, Arizona 85029 (602) 375-2926 - Office (602) 375-2761 - Fax mike@maastrichtcpa.com - e-mail # **INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM'S AGREED-UPON PROCEDURES REPORT ON SCHEDULE OF ASSESSMENT AND PAYMENTS (FORM SIPC-7)** To the Member DCCA Securities, LLC: In accordance with Rule 17a-5(e)(4) under the Securities Exchange Act of 1934, we have performed the procedures enumerated below with respect to the accompanying Schedule of Assessment and Payments (Form SIPC-7) to the Securities Investor Protection Corporation (SIPC) for the year ended December 31, 2020, which were agreed to by DCCA Securities, LLC (the "Company") and the Securities and Exchange Commission, Financial Industry Regulatory Authority Inc. (FINRA) and SIPC, solely to assist you and the other specified parties in evaluating the Company's compliance with the applicable instructions of Form SIPC-7. The Company's management is responsible for its compliance with those requirements. This agreedupon procedures engagement was conducted in accordance with attestation standards established by the Public Company Accounting Oversight Board (United States). The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures we performed at our endings are as follows: - 1. Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement records entries, noting no differences. - 2. Compared the amounts reported on the audited Form X-17A-5 for the year ended December 31, 2020, as applicable, with the amounts reported in Form SIPC-7 for the year ended December 31, 2020, noting no differences. - 3. Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences. - 4. Proved the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences; and -1- **Member American Institute of Certified Public Accountants Arizona Society of Certified Public Accountants** {21}------------------------------------------------ 5. Compared the amount of any overpayment applied to the current assessment with the Form SlPC-7 on which it was originally computed, noting no differences. We were not engaged to, and did not conduct an examination, the objective of which would be an expression of an opinion on compliance. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the information and use of the specified parties listed above and is not intended to be and should not be used by anyone other than these specified parties. Phoenix, Arizona February 26, 2021 {22}------------------------------------------------ | SIPC-7 | SECURITIES INVESTOR PROTECTION CORPORATION
P.O. Box 92185 Washingtoh
, D.C. 20090-2185 | | | SIPC-7 | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|-------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------| | (36-REV 12/18) , | 202-371-8300
General Assessment Reconciliation | | | (36-REV 12/18) | | | For the flscal year ended _12/31 /2020 | | | | | | (Read carntully the instructions In your Working Copy belore compieling this Form) | | | | | | to· BE FILED BY ALL SIPC MEMBERS WITH FiSCAL YEAR ENDINGS | | | | | 1. Name of Member, address, Desig'nated Examining Authority, 1934 Act registration no. and month In which fiscal year ends tor
purposes of the audit req l(ir_!lment of SEC Rule 17a-5: | | | | >-
a
C | | 168847 FINRA DEC
DCCA SECURITIES LLC
DINAN CAPITAL ADVISORS
307 N. GATEWAY BLVD | 7 | indicate on the form filed . | Note: lf any or the Information shown on the
mailing label requires correction, please e-mail
any corrections lo form@sipc.org and so | c::,
c.::,
-
z
:::.: | | PHOENIX, AZ 85008-6589 | | contact respecting this form. | Name and telephone number of person to | a:
C | | L | _J | | David W. Miller 602-248-8700 3= | | | | | | | | | General Assessment _(item 2e from page 2)
2. A. | | | | | | Less payment made with SIPC-6 filed (exclude interest)
B. | | | | | | 07/24/2020
Date Paid- '. . ·. | | | _________ | _ | | Less prior overpaym_~nt appli,ed .
C. | | ( | | | | Assessment balance .due o'({overpavment)
D. | | | 2,601 | | | Interest comput.ed o·n: l~re· p_ayment (see instruction E) for ___ days at 20% per annum
E. | | | | | | f.
Total assessment balance and Interest due (or overpayment carried forward) | | | | | | PAYMENT: . ✓ the:.'
box
G.
Check malled to· .P (). Box 0 Funds Wt red D
Total (must be same as F above) | ACH D
_________
\$ | _ | | | | Overpayment carried forward
H. | ________
\$( | _ | | | | 3. Subsidiaries (S) and predecessors (P) Included in this form {give name and 1934 Act registration number): | | | | | | l
-. | | | | | | | | | | | | The Sl'PC member submitting; this form and the | | | | | | person by whom it is exe.p0_l_eq rt1 pre.senI thereby
that all information contain8'd'he(ein is true, correct | DCCA SECURITIES LLC / DINAN CAPITAL ADVISORS | | | | | and complete.
, ,
. r •.
• ,
· | | | | | | Dated the 26th day of Jan'J~ry | Principal Financial Officer | (AUlhorlzod Slgo11u1eJ | | | | ,20~. | | (l'lllo) | | | | This form and the assessr,ie~t payment Is due 60 days after the end of the fiscal year. Retain the Working Copy ot this form
tor a period of not less than ~ years, the latest 2 years in an easily accessible place. | | | | | | ffi Dates
: | | | | | | 3:
Received
Postmarked
LI.I | Reviewed | | | __ | | > Calculations __
_
LI.I | __
Documentation
_ | | Forward Copy | _ | | a:
c.:, Exceptions: | | | | | | ~
en Disposition of exceptions
: · | | | | | | | 1 _. | | | | {23}------------------------------------------------ #### **DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT** | Amounts for the fiscal period | | | |-------------------------------|--|--| | beginning 0110112020 | | | | and ending 1213112020 | | | **\$2,120,642** **Eliminate cents** #### **Item No.** .. ~ . .-,. •''- ~. 2a. Total revenue (FOCUS Line 12/P:art IIA Line 9, Code 4030) 2b. Additions: \_ ., ;\_ .\_ . . (1) Total revenues from the securities business of subsidiaries (except foreign subsidiaries) and predecessors not incl~de·d ·above. - · .. (2) Net loss from principal transactions in securities in trading accounts. - (3) Net loss from principal t:rarisactions in commodities in trading accounts. - (4) Interest and dividend expense deducted in determining item 2a. - (5) Net loss from management of or participation in the underwriting or distribution of securities. - (6) Expenses other than ·ad~ertising, printing, registration fees and legal fees deducled In determining net profit from manage11.1en t ofor participation In underwriting or distribution of securities. - (7) Net loss trom secuHtie~ in investment accounts. Total additions · - #### 2c. Oeducllons: , . . .. . : . - (1) Revenues from thf~t~li!b.0tiqn,o.! srares of a registered open end investment company or unll Investment trust, from ·th·e sale'. of variable annuilios, lrom the business of 'insurance, lrom investment advisory services render~d lo registered inveslmenl companies or insurance company separate accounts, and lrom tr'ans:aclions In seoutlly futures products, - (2) Revenues from commodity transactions. - (3) Commissions, floor brokerage and clearance paid to other SIPC members in connection with securities transactions .. \_ - (4) Reimbursements for pos·tage, in connection with proxy solicitation. - (5) Net gain from securiti\_as in investment accounts. - (6) 10~% of commissions arid markups earned from transactions In (I) certificates of deposit and (ii) Treasury bills, ban~er-s acceptances or commercial paper that mature nine months or less lrom issuance data. · · · - (7) Direct expenses of printing advertising and legal tees Incurred in connection with other revenue related to the se.cur\_itles business. (revenue defined by Section 16(9)(L) of the Act). - (8) Other revenue not related ei\her directly or indirectly to the securities business. (See Instruction C): ,: • ;· \_: · · • ,· · #### **Bank acc<:iuht interest** • I ; (Deductions in e'xc~\_s\_s-:ci'I \$100,000 require documentation) #### (9) (i) Total interest an~ div,ldend expense (FOCUS Line 22/PART IIA Line 13, Code 4075 plus line· 2b(4) above) but not in excess of total interest aod dividend Income. \$ \_\_\_\_\_\_\_\_\_\_ \_ (ii) 40% of margin intere~f earned on customers securities accounts (40% of FOCUS .line 5, Code 3960). -• · . ~ ·., :- , ' .... ·' Enter the greater.of lin~ (i) ?f .(ii) - Total deductions - 2d. SIPC Net Operallng Revenues , . 2e. General Assessment@ .o·of5 # **1,157** | 1,157 | | |-------------|--| | \$2,119,485 | | | \$3,179 | | (lo page 1, line 2.A,) \$. \_\_\_\_\_\_\_\_\_\_ \_ Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.