# MYSTIC CAPITAL MARKETS GROUP, LLC X-17A-5 (2020-02-27) — Broker-dealer annual report - Company: MYSTIC CAPITAL MARKETS GROUP, LLC - Form: X-17A-5 - Filed: 2020-02-27 - Period: 2019-12-31 - Accession: 0001531257-20-000001 - CIK: 1531257 - File #: 8-68974 - Material weakness: No - Auditor: DAVID LUNDGREN AND COMPANY, CPAs - Auditor location: OLATHE, KS - Contact: CURTIS WEEKS - Phone: 678-679-8642 - Signed by: MATTHEW KLOSSNER (COO) Original filing: https://www.sec.gov/Archives/edgar/data/1531257/000153125720000001/mysticaudit.pdf --- {0}------------------------------------------------ UNITED STA TES SECURITIESANDEXCHANGECOMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: August 31, 2020 Estimated average burden hours per response 12.00 # **ANNUAL AUDITED REPORT FORM X-17A-5 PARTIII** SEC FILE NUMBER B-68974 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 | 01/0
/20
19
1 | AND ENDING | | 12/31/20
19 | | |-----------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|-------|----------------|-----------------------------------------------| | | MM/DD!YY | | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | | NAME OF BROKER-DEALER: | Mystic Capital Markets Group | | | | OFFICIAL USE ONLY | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | | | | FIRM I.D. NO. | | 165 Madison Avenue, Suite 402 | | | | | | | | (No. and Street) | | | | | | New York | NY | | 10016 | | | | (City) | (State) | | | (Zip Code) | | | NAME AND TELEPHONE NUMBER OF PERSON TO CONT ACT IN REGARD TO THIS REPORT
Curtis Weeks
678-679-8642 | | | | | | | | | | | | (Arca Code - Telephone Number) | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNT ANT whose opinion is contained in th.is Report"
David Lundgren ar,d Company, CPAs | | | | | | | | (Name - if individual, state last,first | , middle name) | | | | | 505 N Mur-Len Rd | Olathe | KS | | | 66062 | | (Address) | (City) | (State) | | | (Zip Code) | | CHECK ONE: | | | | | | | ! / !certified
Public Accountant
Public Accountant | | | | | | | �
Accountant not resident in United States or any of its possessions.
B | | | | | | | | FOR OFFICIAL USE ONLY | | | | I | | | | | | | � | | | | | | | | | f
f
*Claims
or exemption
must be supported by a statement of f | ----
rom the requirement that the annual report be covered by the opinion of an independent public accountant
acts and circumstances relied on as the basis | f | | | or the exemption. See Section 240.17a-5(e)(2) | SEC 1410 (11-05) 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** I, Matthew Klossner , swear (or affirm) that, to the best of my knowledge and belief theaccompanying financial statement and supporting schedules pertaining to the firm of � M� ys� tic� Ca� pit� al M� a� rke� ts�Gro�up����������������������������������· as of December 31 2019 are true and correct. I further swear (or affirm) that neither thecompany nor any partner, proprietor, principal officer or director has any proprietary interest inany account classified solely as that of a customer, except as follows: | | | coo
Title | | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|--|--| | | | | | | | 0 | This report** contains (check all applicable boxes):
(a) Facing Page. | | | | | 0 | (b) Statement of Financial Condition. | | | | | 0 | of Comprehensive Income (as defined in §210.1-02 of Regulation S-X). | [{] (c) Statement ofincome (Loss) or, if there is other comprehensive income in the period(s) presented, a Statement | | | | 0 | (d) Statement of Changes in Financial Condition. | | | | | (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. | | | | | � | (i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3. | | | | | O | | G) A Reconciliation, including appropriate explanation of the Computation ofNet Capital Under Rule l 5c3-1 and the | | | | | Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3. | | | | | D | (k) | A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of | | | | | consolidation. | | | | | | (I) An Oath or Affirmation. | | | | | � | (m) A copy of the SIPC Supplemental Report. | | | | | D | | (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 certainportions of this filing, see section 240. J 7a-5{e){3).* {2}------------------------------------------------ (A LIMITED LIABILITY COMPANY) FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM {3}------------------------------------------------ (A LIMITED LIABILl1Y COMPANY) # **Table of Contents** | Report of Independent Registered Public Accounting Firm | 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 - 8 | | Supplementary Schedule I - Computation of Net Capital | 9 | | Supplementary Schedules II and Ill | 10 | | Independent Accountant's Report on Exemption | 11 | | Exemption Report | 12 | {4}------------------------------------------------ DAVID B, LUNDGREN, MBA, CPA CATHERINE LUNDGREN MBA, CPA TEl.EPHONE (913) 782-9530 FACSIMILE (913) 782•9564 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Members of Mystic Capital Markets Group, LLC #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Mystic Capital Markets Group, LLC as of December 31, 2019, the related statements of operations, changes in member's equity, and cash flows for the year then ended, and the related notes and schedules (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of Mystic Capital Markets Group, LLC as of December 31, 2019, 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 Mystic Capital Markets Group, LLC's management Our responsibility is to express an opinion on Mystic Capital Markets Group, 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 Mystic Capital Markets Group, 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. #### Supplemental Information The Schedules I, II, and Ill have been subjected to audit procedures performed in conjunction with the audit of Mystic Capital Markets Group, LLC's financial statements. The supplemental information is the responsibility of Mystic Capital Markets Group, 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 Schedules I, II, and Ill are fairly stated, in all material respects, in relation to the financial statements as a whole. *p*�*4*�*r,,* We have served as Mystic Capital Markets Group LLC's auditor since 2018. Olathe, Kansas February 21, 2020 {5}------------------------------------------------ (A LIMITED LIABILITY COMPANY) #### **STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2019** #### **ASSETS** | CURRENT ASSETS:
Cash
Prepaid insurance
Prepaid CRD | \$ | 225,610
1,000
3,179 | |-------------------------------------------------------------|-----|---------------------------| | Total current assets | I | 229,789 | | TOTAL ASSETS | I\$ | 229,789 | # **LIABILITIES AND MEMBER'S EQUITY CURRENT LIABILITIES** Accounts payable and accrued expenses \$ 5,485 Due to Parent 13,275 TOTAL LIABILITIES I 18,760 **MEMBER'S EQUITY** I 211,029 TOTAL LIABILITIES & MEMBER'S EQUITY I\$ 229,789 The accompanying notes are an integral part of these financial statements. #### 2 {6}------------------------------------------------ (A LIMITED LIABILITY COMPANY) #### **STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2019** | REVENUES:
Fee Revenue | \$ | 746,801 | |---------------------------------------------|---------|---------| | Reimbursed Expense | | - | | Total revenues | \$
I | 746,801 | | | | | | OPERATING EXPENSES: | | | | Payroll expenses (related party) | | 463,015 | | Legal and professional fees | | 36,470 | | Legal and professional fees (related party) | | 1,200 | | Insurance (related party) | | 12,000 | | Insurance | | 2,000 | | Rent (related party) | | 12,000 | | Regulatory fees | | 6,238 | | Computer and technology (related party) | | 1,800 | | Telephone (related party) | | 1,800 | | Business development (related party) | | 600 | | Office (related party) | | 300 | | Travel | | - | | Taxes and licenses | | - | | | | | | Total expenses | I | 537,423 | | | I\$ | | | NET LOSS | | 209,378 | | | | | The accompanying notes are an integral part of these financial statements. {7}------------------------------------------------ (A LIMITED LIABILITY COMPANY) #### **STATEMENT OF CHANGES IN MEMBER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2019** | MEMBER'S EQUITY, JANUARY 1 | \$ | 101,651 | |------------------------------|------|----------------------| | Net Income
Distributions | | 209,378
(100,000) | | MEMBER'S EQUITY, DECEMBER 31 | I \$ | 211,029 | The accompanying notes are an integral part of these financial statements. {8}------------------------------------------------ (A LIMITED LIABILITY COMPANY) #### **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2019** | OPERA TING ACTIVITIES:
Net Income | \$ | 209,378 | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----|------------------------| | Adjustments to reconcile net income to net cash
provided by operating activities
Increase in prepaid CRD
Increase in accounts payable and accrued expenses
Increase in due to parent | | (151)
508
11,800 | | Net cash provided by operating activities | I | 221,535 | | FINANCING ACTIVITIES:
Distributions | | (100,000) | | Net cash used by financing activities | I | (100,000) | | NET INCREASE IN CASH | I | 121,535 | | CASH AT BEGINNING OF YEAR | | 104,075 | | CASH AT END OF YEAR | [\$ | 225,610 | The accompanying notes are an integral part of these financial statements. {9}------------------------------------------------ **(A Limited Liability Company)** ## NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019 # **1. ORGANIZATION AND NATURE OF BUSINESS** Mystic Capital Markets Group, LLC, a Delaware limited liability company, (the "Company") is a broker-dealer registered with the Securities and Exchange Commission ("SEC") and the Financial Industry Regulatory Authority ("FINRA") effective November 19, 2012. The Company is a limited liability company organized under the laws of the State of Delaware and a wholly owned subsidiary of Mystic Capital Advisors Group, LLC (the "Parent" and sole member). The Company provides investment banking services including merger and acquisition advisory, capital raising, strategic advisory, and fairness opinions/valuations. Since the Company is a limited liability company, the member is not liable for the debts, obligations, or liabilities of the Company, whether arising in contract, tort or otherwise, unless the member has signed a specific guarantee. ## **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** # Basis of Accounting The Company maintains its books and records on the accrual basis of accounting for financial reporting purposes, which is in accordance with U.S. generally accepted accounting principles which is required by the SEC and FINRA. ## Use of Estimates The preparation of financial statements 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 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. ## Cash and Cash Equivalents For the purposes of the statement of cash flows, the Company defines cash equivalents as highly liquid investments with original maturity dates of less than ninety days that are not held for sale in the ordinary course of business. {10}------------------------------------------------ **(A Limited Liability Company)** NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019 ## **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)** # Cash and Cash Equivalents *(continued)* The Company maintains its cash in bank deposit accounts, which at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk for cash. ## Revenue Recognition Revenues are recognized as earned, normally for services rendered and upon closing for placement transactions. Non-refundable retainers are recognized as revenue in accordance with the terms of the contract and are applied against transaction fees upon closing, if applicable. ### Income Taxes The Company is a limited liability company and as such, is not required to file its own tax return. Accordingly, no provision for income taxes is provided in the financial statements as they are the responsibility of the individual member. The Company has adopted the provisions of FASS Accounting Standards Codification 740-10, Accounting for Uncertainty in Income Taxes. Under FASS 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 and the decision not to file a return. The Company has evaluated each of its tax positions and has determined that it has no uncertain tax positions for which a provision or liability for income taxes is necessary. The member files income tax returns in the U.S. in both federal jurisdiction and state jurisdictions. The Company is no longer subject to U.S federal, state or local tax examinations by tax authorities for tax years before 2014. ### **3. NET CAPITAL REQUIREMENTS** The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-1 ), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At December 31, 2019, the Company had net capital of \$206,850 which was \$201,850 in excess of its required net capital of \$5,000. The Company's percentage of aggregate indebtedness to net capital was 9.07%. {11}------------------------------------------------ **(A Limited Liability Company)** NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019 #### **4. CONCENTRATIONS** For the period January 1, 2018 through December 31, 2019, the Company's revenue was earned from three customers, which generated \$397,510, \$338,756 and \$10,535. #### **5. COMMITMENTS AND CONTINGENCIES** The Company has evaluated commitments and contingencies in accordance with Accounting Standards Codification 450, Contingencies (ASC 440) and Accounting Standards Codification 440, Commitments (ASC 440). Management has determined that no significant commitments and contingencies exist as of December 31, 2019. #### **6.SUBSEQUENTEVENTS** The Company evaluated subsequent events through the date its financial statements were issued. The Company did not identify any material subsequent events requiring adjustment to or disclosure in its financial statements. #### **7. RELATED PARTY - DUE TO PARENT** The Company has an expense sharing arrangement with its member to pay certain expenses. Under this arrangement, the Company recorded \$29, 700 in expenses pursuant to the agreement and an additional \$463,075 of payroll expense, and owes the parent \$13,275 as of December 31, 2019. {12}------------------------------------------------ (A LIMITED LIABILITY COMPANY) #### **SCHEDULE I COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31, 2019** | TOTAL MEMBERS' EQUITY QUALIFIED FOR NET
CAPITAL | I\$
211,029 | |----------------------------------------------------------------------------------------------------------------------|---------------------| | DEDUCTIONS AND/OR CHARGES:
Prepaid Insurance
Prepaid CRD | (1,000)
(3, 179) | | NET CAPITAL | I
206,850
\$ | | AGGREGATE INDEBTEDNESS
Accounts payable and accrued expenses
Due to parent | 5,485
13,275 | | Total aggregate indebtedness | I
\$
18,760 | | COMPUTATION OF BASIC NET CAPITAL REQUIREMENT
Minimum net capital required | 5,000
I\$ | | Excess net capital | 201,850
I\$ | | Net capital in excess of the greater of: 10% of aggregate
indebtedness or 120% of minimum net capital requirement | 205,599
I\$ | | Percentage of aggregate indebtedness to net capital | 9.07%
I | | | | | | | There is no difference in the above computation and the Company's net capital, as reported in the Company's Part IIA (unaudited) FOCUS report as of December 31, 2019. 9 {13}------------------------------------------------ (A Limited Liability Company) NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019 ## SCHEDULE II # COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934 pursuant to paragraph (k) (2) (i) of the rule. The Company does not hold funds or securities for, or owe money or securities to customers. ## SCHEDULE Ill # INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934 pursuant to paragraph (k) (2) (i) of the rule. The Company did not maintain possession or control of any customer funds or securities. {14}------------------------------------------------ #### DAVID LUNDGREN & COMPANY CERTIFIED PUBLiC ACCOUNTANTS, CHARTERED 505 NORTH MUR-LEN ROAD OLATHE, KANSAS 66062 DAVID B. LUNDGREN, MBA, CPA CATHERIN!,; LUNDGREN MBA, CPA TELEPHONE (913) 782-9530 FACSIMILE . (91 S) 782-9564 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Members of Mystic Capital Markets Group, LLC We have reviewed management's statements, included in the accompanying Exemption Report for year ended December 31, 2019, in which (1) Mystic Capital Markets Group, LLC identified the following provisions of 17 C.F.R. §15c3-3{k) under which Mystic Capital Markets Group, LLC claimed an exemption from 17 C.F.R. §240.15c3-3: (k)(2)(i} (exemption provisions) and (2) Mystic Capital Markets Group, LLC stated that Mystic Capital Markets Group, LLC met the identified ·exemption provisions throughout the most recent 'fiscal year without exception. Mystic Capital Markets Group, L!-C'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 A�counting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about Mystic Capital Markets Group, LLC'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 statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in paragraph (k)(2)(i) of Rule 15c3-3 under the Securities Exchange Act of 1934 . *.V*�*(c.,·* Olathe, Kansas February 21, 2020 {15}------------------------------------------------ ![](_page_15_Picture_0.jpeg) **MYSTIC CAPITAL MARKETS GROUP,** LLC #### EXEMPTION REPORT # YEAR ENDED DECEMBER 31, 2019 Mystic Capital Markets Group, LLC (the Company) 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 claimed an exemption from 17 C.F.R §15c3-3 under the following provisions of 17 C.F.R §240.15c3-3: (k)(2)(i) and 2. The Company met the identified exemption provisions in 17 C.F.R §240.15c3-3 (k)(2)(i) throughout the most recent fiscal year ended December 31, 2019 without exception. | | | I affirm that, to the best of my kno ledge and belief, this Exemption Report is true and correct. | | |--------|--------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|--| | Name:� | �J0
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PO, | | | | Date: | | | | | | | | | {16}------------------------------------------------ DAVID B, LUNDGREN, MBA, CPA CATHERINE LUNDGREN, MBA, CPA TEU:PHONE (913) 782-9530 FACSIMILE (913)782-9564 . #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPL YING AGREED-UPON PROCEDURES ## Board of Directors of Mystic Capital Markets Group, LLC We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and with the Securities Investor Protection Corporation {SIPC) Series 600 Rules, which are enumerated below, which were agreed to by Mystic Capital Markets Group, LLC (Company) and the SIPC, solely to assist you and the SIPC in evaluating the Company's compliance with the applicable instructions of the General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2019. Management of the Company is responsible for its Form SIPC-7 and for its compliance with those requirements. This agreed-upon procedures engagement was conducted in accordance with attestation standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. 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 and our findings are as follows: - 1) Compared the listed assessment payments in Form SIPC-7 with respective SunTrust Bank disbursement records entries, noting no differences; - 2} Compared the Total Revenue amount reported on the Annual Audited Report Form X-17A-5 Part Ill for the year ended December 31, 2019 with the Total Revenue amount reported in Form SIPC-7 for the year ended December 31, 2019, noting no differences; - 3) Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences; - - 4) Recalculated the arlthmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences; and - 5) Compared the amount of any overpayment applied to the current assessment with the Form SIPC-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 the expression of an opinion on compliance with the applicable instructions of the Form SIPC-7. 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. *p* O lathe, Kan sas February 21, 2020 {17}------------------------------------------------ | (Read carefully the instructions in your Working Copy before completing this Form)
TO BE FILED BY ALL SIPC MEMBERS WITH FISCAL YEAR ENDINGS
1. Name of Member, address, Designated Examining Authority, 1934 Act registration no. and month in which fiscal year ends for
purposes of the audit requirement of SEC Rule 17a-5: | For the fiscal year ended_! 2/3
1 /2019 | | | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|--------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 68974
FINRA DEC
1
Mystic Capital Markets Group LLC
165 Madison Ave, Suite 402
L
New York, NY 10016-5431 | | indicate on the form filed.
contact respecting this form. | Note: If any of the information shown on the
mailing label requires correction, please e-mail
any corrections to form@sipc.org and so
Name and telephone number of person to | | | _J | | Curtis Weeks 678-679-8642 | | 2. A. General Assessment (item 2e from page 2)
B. Less payment made with SIPC-6 filed (exclude interest) | | \$ | 1, 120
----------
612 | | July 29, 2019
Date Paid
C. Less prior overpayment applied | | | | | D. Assessment balance due or (overpayment)
E. Interest computed on late payment (see instruction E) for | days at 20% per annum | | 508 | | F. Total assessment balance and interest due (or overpayment carried forward)
G. PAYMENT:
V the box
Check malled to P.O. Box D
Funds Wired D | | | | | Total (must be same as F above) | D
ACH
S08
\$ | | | | H. Overpayment carried forward
3. Subsidiaries (S) and predecessors (P) included in this form (give name and 1934 Act registration number): | \$( | _
_ | | | The SIPC member submitting this form and the
person by whom it is executed represent thereby
that all information contained herein is true, correct
and complete. | | | | | 20�
Dated the 15th day of January
,
This form and the assessment payment is due 60 days after the end of the fiscal year. Retain the Working Copy of this form
for a period of not less than 6 years, the latest 2 years in an easily accessible place. | coo | (Title) | | 1 {18}------------------------------------------------ ## **DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT** | | beginning | Amounts for the fiscal period
111/2019
and ending 12/31/2019 | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------|--------------------------------------------------------------------| | Item No. | | Eliminate cents | | 2a. Total revenue (FOCUS Line 12/Part IIA Line 9, Code 4030) | \$
· | -���
746,801
-'-����� | | 2b. Additions:
(1) Total revenues from the securities business of subsidiaries (except foreign subsidiaries) and
predecessors not included above. | | | | (2) Net loss from principal transactions in securities in trading accounts. | | | | (3) Net loss from principal transactions 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 advertising, printing, registration fees and legal fees deducted in determining net
profit from management of or participation in underwriting or distribution of securities. | | | | (7) Net loss from securities in investment accounts. | | | | Total additions | | 0 | | 2c. Deductions:
(1) Revenues from the distribution of shares of a registered open end investment company or unit
investment trust, from the sale of variable annuities, from the business of insurance, from investment
advisory services rendered to registered investment companies or insurance company separate
accounts, and from transactions in security 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 postage in connection with proxy solicitation. | | | | (5) Net gain from securities in investment accounts. | | | | (6) 100% of commissions and markups earned from transactions in (i) certificates of deposit and
(ii) Treasury bills, bankers acceptances or commercial paper that mature nine months or less
from issuance date. | | | | (7) Direct expenses of printing advertising and legal fees incurred in connection with other revenue
related to the securities business (revenue defined by Section 16(9)(L) of the Act). | | | | (8) Other revenue not related either directly or indirectly to the securities business.
(See Instruction C): | | | | (Deductions in excess of \$100,000 require documentation) | | | | (9) (i) Total interest and dividend expense (FOCUS Line 22/PART IIA Line 13,
Code 4075 plus line 2b(4) above) but not in excess
of total interest and dividend income.
\$ | _ | | | (ii) 40% of margin interest earned on customers securities
accounts (40% of FOCUS line 5, Code 3960).
\$ | _ | | | Enter the greater of line (i) or (ii) | | | | Total deductions | | 0 | | 2d. SlPC Net Operating Revenues | | 746,801
\$������=-
""'""'-""""' | | 2e. General Assessment@ .0015 | | 1,120
\$�================ | | | | (to page 1, line 2.A.) | Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.