# SIGULER GUFF GLOBAL MARKETS, LLC X-17A-5 (2023-04-14) — Broker-dealer annual report - Company: SIGULER GUFF GLOBAL MARKETS, LLC - Form: X-17A-5 - Filed: 2023-04-14 - Period: 2022-12-31 - Accession: 0001533880-23-000002 - CIK: 1533880 - File #: 8-68996 - Type: Broker-dealer - Material weakness: No - Auditor: Marcum LLP - Auditor location: Saddle Brook, NJ - Contact: Chad Kirschenblatt - Phone: 516 222 9111 - Email: chad.kirschenblatt@jrllc.com - Website: jrllc.com - Signed by: Jun Isoda (CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1533880/000153388023000002/sggmpublic.pdf --- {0}------------------------------------------------ # SIGULER GUFF GLOBAL MARKETS, LLC (A Limited Liability Company) # STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2022 {1}------------------------------------------------ #### UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Estimated average burden hours per response: 12 sec file number 8-68996 Expires: Oct. 31, 2023 # ANNUAL REPORTS FORM X-17A-5 DART III | | PART III | | | | | | | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------|------------|------------------------------|--|--|--|--| | | FACING PAGE | | | | | | | | | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | | | | | | FILING FOR THE PERIOD BEGINNING | 01/01/2022 | AND ENDING | 12/31/2022 | | | | | | | MM/DD/YY | | MM/DD/YY | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | | NAME OF FIRM: Siguler Guff Global Markets, LLC | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer Security-based swap dealer Major security-based swap participant
Check here if respondent is also an OTC derivatives dealer
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | | 200 Park Avenue, 23rd floor | | | | | | | | | | (No. and Street) | | | | | | | | New York | NY | | 10166 | | | | | | (City) | (State) | | (Zip Code) | | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | | Chad Kirschenblatt | 516-222-9111 | | chad.kirschenblatt@jrllc.com | | | | | | (Name) | (Area Code - Telephone Number)
(Email Address) | | | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | | | Marcum LLP | | | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | | | Park 80 West, 250 Pehle Avenue, Suite 601 Saddle Brook | | NJ | 07663 | | | | | | Address) | (City) | (State) | (Zip Code) | | | | | | 10-16-2003 | | 688 | | | | | | | Date of Registration with PCAOB)(if applicable)
(PCAOB Registration Number, if applicable) | | | | | | | | | | FOR OFFICIAL USE ONLY | | | | | | | \* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {2}------------------------------------------------ #### OATH OR AFFIRMATION | Jun Isoda | | swear (or affirm) that, to the best of my knowledge and belief, the | |-----------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------| | tinancial report pertaining to the firm of Siguler Guff Global Markets, LLC | | as of | | 12/31 | | 2 022 __ is true and correct. I further swear (or affirm) that neither the company nor any | | | | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely | | as that of a customer. | | | | | Laura C. House
Notary Public - State of New York
No. 01H06192348
Qualified in New York Coynty
Commission Expires 10/ 26/21 | Signature:
litle: | IX and ( Notary Public #### This filing\*\* contains (check all applicable boxes): - = (a) Statement of financial condition. - (b) Notes to consolidated statement of financial condition. - □ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - O (d) Statement of cash flows. - □ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - [ (f) Statement of changes in liabilities subordinated to claims of creditors. - [ (g) Notes to consolidated financial statements. - [ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - □ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - [ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - □ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - = (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - □ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - (t) Independent public accountant's report based on an examination of the statement of financial condition. - □ (u) Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - □ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - O (z) Other: - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17d-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. {3}------------------------------------------------ # SIGULER GUFF GLOBAL MARKETS, LLC (A Limited Liability Company) # DECEMBER 31, 2022 # TABLE OF CONTENTS Report of Independent Registered Public Accounting Firm Page | Statement of Financial Condition | | |--------------------------------------------|--| | Notes to Financial Statement
------ 2-4 | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ### To the Member of Siguler Guff Global Markets, LLC #### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Siguler Guff Global Markets, LLC (the "Company") as of December 31, 2022, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2022 in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. 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 statement. We believe that our audit provides a reasonable basis for our opinion. We have served as the Company's auditor since 2013 (such date takes into account the acquisition of Rotenberg Meril Solomon Bertiger & Guttilla, P.C., by Marcum LLP effective February 1, 2022). narcum LLP Marcum LLP Saddle Brook, NJ April 14, 2023 {5}------------------------------------------------ # SIGULER GUFF GLOBAL MARKETS, LLC (A Limited Liability Company) STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2022 #### ASSETS | Cash
Prepaid expenses | ಕಾ | 89,470
26,890 | |-------------------------------------------------------|------|------------------| | Total assets | ക | 116,360 | | LIABILITIES AND MEMBER'S EQUITY | | | | Liabilities:
Accounts payable and accrued expenses | ಕಾ | 29,341 | | Member's equity | | 87,019 | | Total liabilities and member's equity | ಲ್ಲಿ | 116,360 | See notes to the financial statement {6}------------------------------------------------ #### \$: -; - ""-<- - '.135()=3--=5+475>7)?(,2@AABC,D(EB+8\*7/FEG.27)(1.2,()(04)+?()H0(75()3/0(),D( '(63).,.(2IJ6D7/1(K6,+-LMNO7/0.278(84()+-4+,D,D(P./7/6.75Q/032,)FR(1357,+)F K3,D+).,F@Q/6SCEPQTRKEG7/0,D('(63).,.(2Q/U(2,+)2V)+,(6,.+/B+)\*+)7,.+/CW'QVBXGSYD( B+8\*7/F(7)/2-((2727\*576(8(/,71(/,-+)2(63).,.(2+--()./12./\*).U7,(./U(2,8(/, -3/02+--()(04F7--.5.7,(2+-,D(B+8\*7/FSYD(B+8\*7/F.27ZD+55FH+Z/(02342.0.7)F+- '.135()=3--[B+8\*7/F@AVCW'.135()=3--XG@7835,.H2,)7,(1F\*).U7,((\3.,F./U(2,8(/,-.)8S YD(B+8\*7/FZ7267\*.,75.](04F'.135()=3--Z.,D76+/,).43,.+/+-^\_`@```+/T+U(84() aL@a`La7/0D705.8.,(0+\*()7,.+/2\*).+),+4(6+8./174)+?()H0(75()SK--.5.7,(070U.2+)F (/,.,.(2@'.135()=3--K0U.2()2@AABCW'=KXG7/0R322.7V7),/()2>7/71(8(/,@AABCWR322.7 V7),/()2XG87/71(7/02\*+/2+)7/384()+-bS'S7/0+--2D+)(\*).U7,(./U(2,8(/,-3/02 C,D(WP3/02XGS'=K@7)(1.2,()(0./U(2,8(/,70U.2()Z.,D,D(bS'S'(63).,.(27/0IJ6D7/1( B+88.22.+/@\*)+U.0(20.26)(,.+/7)F./U(2,8(/,70U.2+)F2()U.6(2,+\*).U7,((\3.,F ./U(2,+)2,D)+31D\*++5(0./U(2,8(/,U(D.65(2,D7,./U(2,,D(87c+).,F+-,D(.)722(,2./ \*).U7,(5F\*576(0@\*++5(0./U(2,8(/,U(D.65(287/71(04F\*)+-(22.+/75@,D.)0\*7),F 87/71()27/00.)(6,./U(2,8(/,\*).U7,((\3.,F./U(2,8(/,2SR322.7V7),/()2@7)(1.2,()(0 ./U(2,8(/,70U.2+)Z.,D,D(bS'S'(63).,.(27/0IJ6D7/1(B+88.22.+/@\*)+U.0(2./U(2,8(/, 70U.2+)F2()U.6(2,+\*).U7,((\3.,F./U(2,+)2SR322.7V7),/()2.2./\*)+6(22+-5.\3.07,./1 ,D(.))(87././1./U(2,8(/,27/0D72/+,0(\*5+F(07/F/(Z67\*.,7572Z(5572D707/F/(Z \*576(8(/,2-+),D(F(7)(/0(0d(6(84()NL@a`aaS YD(2+5(432./(2276,.U.,F+-,D(B+8\*7/F.2,+76,727\*576(8(/,71(/,./+--()./12+- ./,()(2,2./,D(P3/0287/71(04F'=KSYD(B+8\*7/F+--()2,D(P3/02,+.,2./2,.,3,.+/75 7/0D.1D/(,Z+),D./U(2,+)2SYD(B+8\*7/F0+(2/+,2+5.6.,+)2(550.)(6,5F,+)(,7.5 ./U(2,+)27/00+(2/+,D+50+)D7U(632,+0F+-./U(2,+)-3/02+)2(63).,.(2SR(1.2,()(0 \*()2+/2+-,D(B+8\*7/F6+883/.67,(Z.,D./U(2,+)24F\*()2+/756+/,76,@,(5(\*D+/(@(87.5@ 5(,,()7/0+,D()87)?(,./187,().752@./6530./1,D(+--()./10+638(/,2+-,D(P3/02S #### %: e - - - - < -- ### fghihjklmnhnopgpijo YD(-./7/6.752,7,(8(/,27)(\*)(\*7)(0./766+)07/6(Z.,D766+3/,./1\*)./6.\*5(21(/()755F 766(\*,(0./,D(b/.,(0',7,(2+-K8().67SP3),D()./-+)87,.+/+U()2.1/.-.67/,766+3/,./1 \*+5.6.(27)(0(26).4(0./,D(-+55+Z./1\*7)71)7\*D2S ### qjornopmgpijojkmihs '(()(\*+),+-./0(\*(/0(/,)(1.2,()(0\*345.6766+3/,./1-.)8 9 YD(B+8\*7/F87./,7./2672D./747/?766+3/,ZD.6D.2/+/H./,()(2,4(7)./17/0./23)(0 4F,D(PdQB3\*,+^a\_`@```SYD(B+8\*7/FD72/+,(J\*().(/6(07/F5+22(2./236D766+3/, 7/00+(2/+,4(5.(U(.,.2(J\*+2(0,+7/F2.1/.-.67/,6)(0.,).2?+/672DS {7}------------------------------------------------ # 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) ### Income taxes As a wholly-owned limited liability company, the Company is not subject to Federal, state or local income taxes. All items of income, expense, gains and losses are reportable by the member for tax purposes. The Company is considered to be a disregarded entity and does not file income tax returns in any jurisdiction. # Uncertain tax positions The Company follows the accounting guidance for uncertainty in income taxes pursuant to Financial Accounting Standards Board (FASB) ASC 740, Income Taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by tax authorities. The Company had no unrecognized tax benefits at December 31, 2020. No accrued interest and penalties associated with uncertain tax positions were recorded during the year ended December 31, 2022 or accrued for as of December 31, 2022. Generally, federal, state and local authorities may examine the Company's member's tax returns for three years from the date of filing; consequently, the respective tax returns for the years prior to 2019 are no longer subject to examination by tax authorities. # 3. NET CAPITAL REQUIREMENTS The Company is subject to the uniform net capital requirements of Rule 15c3-1 of the Securities and Exchange Act, as amended, which requires the Company to maintain, at all times, sufficient liquid assets to cover indebtedness. In accordance with the Rule, the Company is required to maintain defined minimum net capital of the greater of \$5,000 or 6 2/3% of aggregate indebtedness. At December 31, 2022, the Company had net capital, as defined, of \$60,129, which exceeded the required minimum net capital of \$5,000 by \$55,129. Aggregate indebtedness at December 31, 2022 totaled \$29,341. The Company's percentage of aggregate indebtedness to net capital was 48.80%. {8}------------------------------------------------ # 4. RELATED PARTIES TRANSACTIONS Pursuant to a cost sharing agreement with Siguler Guff, the Company is allocated expenses for rent, compensation, and general operating expenses paid for by Siguler Guff. The Company participates in a variety of financial and administrative transactions with related parties and may be financially dependent on such parties. Because of these relationships, it is possible that the terms of these transactions are not the same as those that would result from transactions among wholly unrelated parties. Siguler Guff has committed to fully fund the Company, now and in the future, and to deposit additional funds should it become necessary for the Company to remain in net capital compliance. # 5. SUBSEQUENT EVENTS Management of the Company has evaluated events and transactions that may have occurred since December 31, 2022 through the date the financial statements were issued. Management determined that there are no other material events that would require disclosures in the Company's financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.