# MYSTIC CAPITAL MARKETS GROUP, LLC X-17A-5/A (2021-04-07) — Broker-dealer annual report - Company: MYSTIC CAPITAL MARKETS GROUP, LLC - Form: X-17A-5/A - Filed: 2021-04-07 - Period: 2020-12-31 - Accession: 0001531257-21-000002 - 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 - Email: form@sigc.org - Website: sigc.org - Signed by: MATTHEW KLOSSNER (COO) Original filing: https://www.sec.gov/Archives/edgar/data/1531257/000153125721000002/mysticauditrevised.pdf --- {0}------------------------------------------------ UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | | OMB APPROVAL | |---------------------------|----------------------------| | OMB Number | 3235-0123 | | Expires: | August 31, 2020 | | Estimated average burders | | | | hours per response 12.00 | SEC FILE NUMBER 8-68974 ## ANNUAL AUDITED REPORT FORM X-17A-5 PART III FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder | MMDDIYY
Мэгдэгүү
A. REGISTRANT IDENTIFICATION
NAME OF BROKER-DEALER: Mystic Capital Markets Group
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
10016
NY
(State)
(Jap Code)
(Cay)
NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
Ciring Waster 678-879-8647
(Arca Code - Telephone Number)
B. ACCOUNTANT IDENTIFICATION
INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report®
David Lundgren
(Name if marvadual, state last, first, middle name 1
505 N Mur-Len Rd
Olathe
KS
66062
(Address)
(State)
(Zip Code)
(Ciry)
CHECK ONE.
Certified Public Accountant
Public Accountant
Accountant not resident in United States or any of its possessions. | REPORT FOR THE PERIOD BEGINNING 01/01/2020 | | AND ENDING 12/31/2020 | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|-----------------------|-----------------------|-------------------| | | | | | | | | | | | | | | | | | OFFICIAL USE ONLY | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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(e1/2) > 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. SEC 1410 (11-05) {1}------------------------------------------------ ## OATH OR AFFIRMATION | I Matthew Klossner | . swear (or affirm) that. to the best of | | |-------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------|------| | | my knowledge and belief the accompanying financial statement and supporting schedules perfaining to the firm of | | | Mystic Capital Markets Group | | . 38 | | of December 31 | 20 20 are true and correct. I further swear (or affirm) that | | | | neither the company nor any partner, principal officer or director has any proprietary interest in any account | | | classified solely as that of a customer, except as follows: | | | | | | | | | | | | TRACEY BENSON | | | | NOTARY PUBLIC-STATE OF NEW YORK | Signature | | | No. 01BE8266085 | COO | | | Qualified in Wastchester County | Fitle | | | My Commission Expires 07-23-2024 | | | | VILler | | | | Notary Poblic | | | | This report 44 contains (check all applicable boxes): | | | | (a) Facing Page. | | | | (b) 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 Changes in Financial Condition. | | | | ਨਿੱ | (e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital. | | | | (f) Statement of Changes in Labilities Subordinated to Claims of Creditors. | | | (g) Computation of Net Capital. | (h) Computation for Determination of Reserve Requirements Pursuant to Rule 15e3-3. | | | | (1) Information Relating to the Possession or Control Requirements Under Rule 15c3-3. | | | | (i) A Reconciliation, including appropriate explanation of the Computation of Net Capital Under Rule 1.5c) and the | | | | Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3. | | | consolidation. | (k) A Reconciliation between the audited Statements of Financial Condition with respect to mcthods of | | | (1) An Oath or Affirmation. | | | | (m) A copy of the SIPC Supplemental Report, | | | | | (n) A report describing any material madequacies found to exist or found to have existed since the date of the previous audi. | | | | | | \*\* For conditions of confidential treatment of certain portions of this filing, see section 240.17a-5(c)(3). {2}------------------------------------------------ (A LIMITED LIABILITY COMPANY) FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM {3}------------------------------------------------ (A LIMITED LIABILITY COMPANY) | Table
of
Contents | | |---------------------------------------------------------|-------| | Report of Independent Registered Public Accounting Finn | 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 IIL | 10 | | Independent Accountant's Report on Exemption | 11 | | Exemption Report | 12 | {4}------------------------------------------------ #### DAVID LUNDGREN & COMPANY CERTIFIEO PUBLIC ACCOUNTANTS. CHARTER£[) SOS NORTH MUR-LEN ROAD OLATHE, KANSAS 66062 DAVID B, LUNDGREN, MBA, CPA CATHERINE LUNDGREN M�CPA TELEP KONE (9f 3) 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, 2020, 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 fair1y, in all material respects, the financial position of Mystic Capital Markets Group, LLC as of December 31, 2020, and the results of its operations and its cash flows for the year then ended in confonnity with accounting principles generany 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 apublic accounting firm registered with the eublic Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Mystic Capital Markets Group, L:LC 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 perlorm 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 perfonning 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 underiying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In fanning 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. *2)4A=/l. .* We have served as Mystic Capital Markets Group LLC's auditor since 2018. Olathe, Kansas February 24, 2021 {5}------------------------------------------------ {A LIMITED LIABILITY COMPANY) #### STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2020 #### ASSETS | CURRENT ASSETS: | | |----------------------|----------------| | Cash | \$
265,079 | | Prepaid insurance | 1,000 | | Prepaid CRD | 4,196 | | Total current assets | I
270,275 | | TOTAL ASSETS | I\$
270,275 | | | | ## LIABILITIES AND MEMBER'S EQUITY | CURRENT LIABILITIES
Accounts payable and accrued expenses | \$
7,471 | |--------------------------------------------------------------|----------------| | Due to Parent | 1,475 | | TOTAL LIABILITIES | I
8,946 | | MEMBER'S EQUITY | I
261,329 | | TOTAL LIABILITIES & MEMBER'S EQUITY | I\$
270,275 | | | | 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, 2020** | REVENUES: | | | |---------------------------------------------|-----|---------| | Fee Revenue | \$ | 836,250 | | Reimbursed Expense | | - | | Total revenues | I\$ | 836,250 | | OPERATING EXPENSES: | | | | Payroll expenses (related party) | | 518,475 | | Legal and professional fees | | 30,491 | | Legal and professional fees (related party) | | 1,200 | | Insurance (related party) | | 12,000 | | Rent (related party) | | 12,000 | | Regulatory fees | | 7,283 | | 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 | 585,949 | | NET INCOME | I\$ | 250,301 | The accompanying notes are an integral part of these financial statements. {7}------------------------------------------------ (A LIMITED LIABILl1Y COMPANY) #### STATEMENT OF CHANGES IN MEMBER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2020 | MEMBER'S EQUITY, JANUARY 1 | \$ | 211,028 | |------------------------------|-----|----------------------| | Net Income
Distributions | | 250,301
(200,000) | | MEMBER'S EQUITY, DECEMBER 31 | I\$ | 261,329 | 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, 2020 | OPERATING ACTIVITIES: | | | |---------------------------------------------------|------|-----------| | Net Income | ಕ್ಕಾ | 250,301 | | Adjustments to reconcile net income to net cash | | | | provided by operating activities | | | | Increase in prepaid CRD | | (1,017) | | Increase in accounts payable and accrued expenses | | 1,986 | | Decrease in due to parent | | (11,800) | | Net cash provided by operating activities | | 239,470 | | FINANCING ACTIVITIES: | | | | Distributions | | (200,000) | | Net cash used by financing activities | | (200,000) | | NET INCREASE IN CASH | | 39,470 | | CASH AT BEGINNING OF YEAR | | 225,609 | | CASH AT END OF YEAR | ಕ | 265,079 | | | | | The accompanying notes are an integral part of these financial statements. {9}------------------------------------------------ **(A Limited Liability Company)** ## NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020 ## **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, 2020 ## **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 \$256, 133 which was \$251, 133 in excess of its required net capital of \$5,000. The Company's percentage of aggregate indebtedness to net capital was 3.49%. {11}------------------------------------------------ **(A Limited Liability Company)** NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020 #### **4. CONCENTRATIONS** For the period January 1, 2020 through December 31, 2020, the Company's revenue was earned from three customers, which generated \$410,000, \$386,250 and \$40,000. #### **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. SUBSEQUENT EVENTS** 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 \$518,475 of payroll expense, and owes the parent \$1,475 as of December 31, 2020. {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, 2020 | TOTAL MEMBERS' EQUITY QUALIFIED FOR NET
CAPITAL | રે
261,329 | |---------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------| | DEDUCTIONS AND/OR CHARGES: | | | | (1,000) | | Prepaid CRD | (4,196) | | NET CAPITAL | es
256,133 | | AGGREGATE INDEBTEDNESS - | | | | 7,471 | | Due to parent | 1,475 | | Total aggregate indebtedness | ക്ക
8,946 | | COMPUTATION OF BASIC NET CAPITAL REQUIREMENT - | | | Minimum net capital required | S
5,000 | | Excess net capital | ಕ್ಕೆ
251,133 | | | | | indebtedness or 120% of minimum net capital requirement | 205,599
ಕೆ | | Percentage of aggregate indebtedness to net capital | 3.49% | | | Prepaid Insurance
Accounts payable and accrued expenses
Net capital in excess of the greater of: 10% of aggregate | 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, 2020. ### 9 {13}------------------------------------------------ (A Limited Liability Company) ## NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020 #### SCHEDULE II ## COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION The Company does not claim an exemption from SEA Rule 15c3-3, in reliance on footnote 7 4 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Company does not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers and (3) does not carry PAB accounts. #### SCHEDULE Ill ## INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION The Company does not claim an exemption from SEA Rule 15c3-3, in reliance on footnote 7 4 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Company does not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers and (3) does not carry PAB accounts. {14}------------------------------------------------ DAVID B. LUNDGREN, MBA, CPA CATHERINE LUNDGREN MBA, CPA TELEPHONE (913) 782-9530 FACSIMILE (913) 782-9564 ## REPORT OF INDEPENDENT REGISTERED PUBLJC 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, 2020, in which Mystic Capital Markets Group, LLC met the exemption provisions throughout the most recent fiscal year without exception, by relying on Footnote 74 of the SEC Release 34- 70073, adopting amendments to 17 C.F.R §240.17a-5. Mystic Capital Markets Group, LLC's management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about 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. *.D*�*a1L* 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 Footnote 74 of the SEC Release 34-70073, adopting amendments to 17 C.F.R §240.17a-5 . Olathe, Kansas� *f* February 24, 2021 {15}------------------------------------------------ ![](_page_15_Picture_0.jpeg) ## MYSTIC CAPITAL MARKETS GROUP. LLC ## Exemption Report Mystic Capital Markets Group, LLC (the "Firm") 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 Firm states the following: The Firm does not claim an exemption under paragraph (k) of 17 C.F.R. § 240.15c3-3: and the Firm is filing this Exemption Report in reliance on Footnote 74 to SEC Release 34-70073 and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Firm has no obligation under SEC Rule 15c3-3 because it does not directly or indirectly receive, hold or otherwise owe funds or securities for or to customers; does not carry accounts of or for customers; and does not carry PAB accounts. The Firm conducts business activities involving private placements, and advisory work including mergers and acquisitions, fairness opinions and strategic financial consulting. We do not accept customer funds or securities and will not have possession of any customer funds or securities in connection with our activities. The Firm had no exceptions to the provision identified above throughout the most recent fiscal year. I, Mathew Klossner, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. Authorized Signature 0 0 Title Date {16}------------------------------------------------ DAVID B. LUNDGREN. MBA, CPA CA'l'HmlHE LUNDGREN, MBA, CPA TELE.PHONE (913)782-9530 FACSlMlt.E (9t 3) 782·9564 #### REPORT OF tNOEPENDENT 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 1 ?a-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, 2020. 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 speclfi�d 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, 2020 with the Total Revenue amount reported in Form S!PC-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) Recalculated the arithmetical accuracy of tl)e 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. ��*#4-/t.* February 24, 2021 {17}------------------------------------------------ | SECURITIES INVESTOR PROTECTION CORPORATION
SIPC-1 | | P.O. Box 92185 Washington, D.C. 20090-2185 | | | | | | | | |------------------------------------------------------|-------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------|--|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|---------------|------------------------|---------| | (36-REV 12/18) | | | 202-371-8300
General Assessment Reconciliation | | | | (36 REV 12/18 | | | | | | | For the liscal year ended 12/31/2020 | | | | | | | | | | (Read carefully the instructions in your Working Gopy before complating 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 Role 17a 5: | | | | | | | | | | | 68974 FINRA DEC
Mystic Capital Markets Group, LLC
165 Madison Ave., Suite 402
New York, NY 10016-5431 | | | Suff no namonts and learning suit to yours if grow
mailing label requires correction, please e-mail
any corrections to form@sigc.org and so
indicate on the form filed.
Name and telephone number of person to
contact respecting this form.
Curtis Weeks 678-679-8642 | | | | J
ni | | | | | | | | | 1,254 | | | | | | 2. A. General Assessment (item 2e trom page 2) | | | | | 60 | | | | | July 30. 2020 | B. Less payment made with SIPC-6 filed (exclude interest) | | | | | | | | | | Date Paid | | | | | | | | | | | | G. Less prior overpayment applied | | | | | 1,194 | | | | | | D. Assessment balance due or (overpayment) | | | | | | | | | | | E. Interest computed on late payment (see instruction E) for _________________________________________________________________________________________________________________ | | | | | | | | | | | F. Total assessment balance and interest due (or overpayment carried forward) | | | | | 1,194 | | | | | G. PAYMENT: V the box | Check mailed to P.O. Box Funds Wired
Total (must be same as F above) | ACH | | | | | | | | | H. Overpayment carned forward | | 51 | | | | | | | | | | 3. Subsidiaries (S) and predecessors (P) included in this form (give name and 1934 Act registration number). | | | | | | | | | | and complete. | The SIPC member submitting this form and the
person by whom it is executed represent thereby
that all information contained herein is true, correct | | | Mystic Capital Markets Group, LLC
nater consportion, Parmerson re sther arganismen frysess | | | | | | | Dated the ZTSt day of January | 20 21 | COO | | (Asthoriced Sugscelara) | | | | | | | | This form and the assessment payment is due 60 days atter 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. | | | 【字号】 | | | | | | 1988 | Dates: | | | | | | | | | | REVIEWE | Postmarked
Calculations _ | RECEIVED | Reviewed
Bocumentation _ | | | | | Forward Capy --------- | | | es | Exceptions: | | | | | | | | | | ASSESS | | | | |--------|------------------------------|--|--| | | OS Disposition of exceptions | | | | | | | | {18}------------------------------------------------ #### DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT Amounts for the liscal period | | อคตินเทนที่ 15 และของ
and ending 125 /2020 | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------|----------------------| | | | Eliminate cents | | tem No.
2. Total revenue (FOCUS Line 12/Past HA Line 9, Code 4030) | S | 836.250 | | 20. Addrings: | | | | (1) Total revenues the securities besiness of sabsidianes (except foreign subsidiaries) and
predecessors not included above. | | | | [2] Net loss from principal transactions in securities in trading accounts. | | | | (3) Net less trom principal transactions in commodities in trading accounts. | | | | (4) Interest and dividend expense deducted in determining item Za | | | | (5) Nel 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 sacurities. | | | | IT] Not loss now securities in langstment accounts | | | | Total acculabs | | 0 | | Stading Stations | | | | (1) Revenues from the distribution of shares of a registered open end investment company of unit
investment trust, from the sale of variable annuities, from the business of insurance, from investment
advisory services readered to registered investment companies or insurance company separate
accounts, and from fransactions in security futures products. | | | | (2) Revenues from commodily transactions. | | | | [3] Commissions, floor brokerage and clearance paid to other SIPC members in connection with
securities fransactions. | | | | (4) Reimbursements for postage in connection with proxy solveitation. | | | | (5) Net gain from securities in investment accounts. | | | | (6) 100% of commissions and markups earned from transactions in (i) certificates of deposit and
(u) Treasury bills, backers acceptances of commercial paper that mature nine months of less
from issuance dale. | | | | (7) Direct expenses of printing advertising and legal fees incurred in connection with other revenue
related to the securities business (tevenue detined by Section 16(9)(L) of the Act). | | | | (8) Other revenue not related either directly or indirectly to the securities business.
See Instruction C): | | | | (Doductions in excess of \$100.000 require documentation) | | | | (9) [i) Total interest and dividend expense {FOCUS Lune 22:PART HA Line 13, | | | | Code 4075 plus line 2b(4) above) but not in excess
of total interest and dividend income. | | | | (in 40% of margia 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. SIPC Net Operating Reveaues | | 836,250 | | 2e. General Assessment @ 0015 | | 1,254 | | | | Ho Bane 7 June 2 A 1 | Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.