# OMAC BEVERAGE SECURITIES LLC X-17A-5 (2019-02-20) — Broker-dealer annual report - Company: OMAC BEVERAGE SECURITIES LLC - Form: X-17A-5 - Filed: 2019-02-20 - Period: 2018-12-31 - Accession: 0001549994-19-000001 - CIK: 1549994 - File #: 8-69096 - Material weakness: No - Auditor: Rubio CPA, PC - Auditor location: Atlanta, GA - Contact: Sean O. McLaren - Phone: 404-442-8760 - Signed by: Sean O. McLaren (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1549994/000154999419000001/osaudit1.pdf --- {0}------------------------------------------------ UNITEOSTATES SECURITI ESAND EXCHA GECOMMISSIO~ Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-01 23 Expires: August 31, 2020 Estimated average burden hours per response ...... 12.00 # **ANNUAL AUDITED REPORT FORM X-17A-5 PART Ill** SEC FILE NUMBER 8-69096 FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-S The1·eu nder | | AND ENDING 12/31/18
REPORT FOR THE PERIOD BEGINNING 01/01
/18 | | | |-------------------------------------------------------------------|----------------------------------------------------------------------------|---------------|-----------------------------------| | | MM/DD/YY | | ---------------------
MM/DD/YY | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF BROKER-DEALER: OMAC BEVERAGE SECURITIES LLC | | OFFICIAL USE ONLY | | ADDRESS OF PRINCIPAL PLACE OF BUSJNESS: (Do not use P.O. Box No.) | | FIRM I.D. NO. | | | 305 W. WIEUCA ROAD NE | | | | | | (No. and Street) | | | | ATLANTA | GA | | 30342 | | (City) | (State) | | (/.ip Code) | | | NAME AND TELEPHOl\'E NUMBER OF PERSON TO CONTACT IN REGARD TO T HIS REPORT | | | | SEAN 0 . MCLAREN | | | (404) 442·8760 | | | | | (Ar<'a Code-
Telephone Number) | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPEl\DENT PUBLIC ACCOUNTA T whose opinion is contained in this Report* | | | | RUBIO CPA, PC | | | | | | (Name - ((indin'dual. sial£' las/. firs/. middle name) | | | | | 900 CIRCLE 75 PARKWAY, SUITE 1100 ATLANTA | GA | 30339 | | (Address) | (City) | (State) | | | C HEC K O NE: | | | | | l/"
lccrtified Public Accountant | | | | | B
Public Accountant | | | | | | Accountant not resident in United States or any of its possessions. | | | | | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | *\*Ciaims.for exemption.from the requirememthatthe a/1/lllal reporr be covered by the opi11io11 of* all *i11depe11dem public accounltillf must be supported by a statement o.f(acts and circumstance:,· relied un as the basisfor the exemptiun. See Sectioi11.J0.1 7a-5(e){1)* > 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 141 0 (06-02) {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | 1. SEAN 0. MCLAREN | ----------------------
'swear (or affirm) that, to the best of | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of | | OMAC BEVERAGE SECURITIES LLC | -------------------------·-------------------------
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__ | | of DECEMBER 31 | , 20_1_8
_, are true and correct. I further swear (or affirm) that | | | neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account | | classified solely as that of a customer, except as follows: | | | | | | | | | | Signature --- | | | --
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11 ,,.,, ,,,, | | (d) Statement of Changes in Financial Condition. | (e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital. | | (f) Statement of Changes in Liabilities Subordinated to Claims ofCI·editors . | | | (g) Computation ofNet Capital.
./ | | | ./ | (h) Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3. | | U) | (i) Information Relating to the Possession or Control Requirements Under Rule I 5c3-3.
A Reconciliation, including appropriate explanation of the Computation ofNct Capital Under Rule 15c3-l and the | | | Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3. | | 0 (k) A Reconciliation between the audited and unaudited Statements of Financia | l Condition with respect to methods of | | consolidation. | | | | | | ~ (1) An Oath or Affirmation.
0 (m) A copy of the SIPC Supplemental Re | port. | *\*\*For condi lions of COJ?fldentia/ treatment of certain portions ()(this filing. see section 2-10. !7a-5 (e)( 3).* {2}------------------------------------------------ # OMAC Beverage Securities, LLC Financial Statements For the Year Ended December 31, 2018 With Report of Independent Registered Public Accounting Firm {3}------------------------------------------------ # RUBIO CPA, PC CERTIFIED PUBLIC ACCOUNTANTS 2727 Paces Ferry Road SE Building 2, Suite 1680 Atlanta, GA 30339 Office: 770 690-8995 Fax: 770 838-7123 # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Members of OMAC Beverage Securities LLC #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition ofOMAC Beverage Securities LLC (the "Company") as of December 31, 2018, the related statements of operations, changes in members' equity, and cash flows for the year then ended and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2018, 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 the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. 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 statements are 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 audits 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 audits included performing procedures to assess the risks of material misstatement to 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 audits 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 audits provide a reasonable basis of our opinion. We have served as the Company's auditor since 2013. #### Supplemental Information The information contained in Schedules I, II and III has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company's management. Our audit procedures included determining whether the information in Schedules l, II and Ill reconciles to the financial statements or the underlying accounting {4}------------------------------------------------ and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the accompanying schedules. In forming our opinion on the accompanying schedules, 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 aforementioned supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. February II, 20 19 Atlanta, Georgia ~tii,PC/' Rubio CPA, PC {5}------------------------------------------------ # OMAC BEVERAGE SECURITIES, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31 , 2018 #### Assets | Cash | \$
321 ,962 | |---------------------------------------|----------------| | Accounts receivable | 294,536 | | Prepaid expenses and other assets | 6,053 | | Total Assets | 622,551 | | | | | Liabilities and Members' Equity | | | Liabilties | | | Accounts payable | 3,595 | | Due to related party | 273,492 | | Total Liabilities | 277,087 | | | | | Members' equity | 345,464 | | Total Liabilities and Members' Equity | \$
622,551 | {6}------------------------------------------------ # OMAC BEVERAGE SECURITIES, LLC STATEMENT OF OPERATIONS For the Year Ended December 31 , 2018 | Revenues | | |----------------------------------|-----------------| | Investment banking; M&A advisory | \$
1,107,556 | | Reimbursed expenses | 15,932 | | Interest | 4 | | Total revenues | 1,123,492 | | Expenses | | | Compensation and benefits | 326,358 | | Advertising and marketing | 35,910 | | Professional services | 32,740 | | Licenses and registration | 9,933 | | Occupancy and equipment | 5,201 | | IT, data and communications | 3,626 | | Other operating expenses | 18,684 | | Total expenses | 432,452 | | Net income | \$
691,040 | {7}------------------------------------------------ # OMAC BEVERAGE SECURITIES, LLC STATEMENT OF CHANGES IN MEMBERS' EQUITY For the Year Ended December 31,2018 | | Total | |-----------------------------|---------------| | Balance, Jlanuary 1, 2018 | \$
57,630 | | Members' contributions | 396,794 | | Members' distributions | (800,000) | | Net income | 691 ,040 | | Balance, December 31 , 2018 | \$
345 464 | {8}------------------------------------------------ # OMAC BEVERAGE SECURITIES, LLC STATEMENT OF CASH FLOWS For the Year Ended December 31 , 2018 | Cash flows from operating activities: | | |-------------------------------------------------------------------------|----------------| | Net income | \$
691 ,040 | | Adjustments to reconcile net income to net cash provided in operations: | | | Change in accounts receivable | (293,312) | | Change in prepaid expenses and other assets | 55 | | Change in accounts payable | 1,773 | | Change in due to related party | 256,472 | | Net cash provided by operating activities: | 656,028 | | Cash flows from financing activities: | | | Members' contributions | 396,794 | | Members' distributions | (800,000) | | Net cash used by financing activities: | (403,206) | | Net increase in cash | 252,822 | | Cash Balance: | | | Beginning of period | 69,140 | | End of period | \$
3211962 | {9}------------------------------------------------ # **OMAC BEVERAGE SECURITIES, LLC NOTES TO FINANCIAL STATEMENTS December31 ,** 018 ## **NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** Organization and Description of Business: OMAC Beverage Securities, LLC (the "Company"), a Georgia limited liability company, was organized in April 2012 and became a broker-dealer in October 2012. The Company is a securities broker-dealer registered with the Securities and Exchange Commission ("SEC") and a member of the Financial Industry Regulatory Authority ("FINRA"). The Company's primary business is investment banking services, and it operates under the provisions of paragraph (k)(2)(i) of Rule 15c3-3 of the Securities Exchange Act of 1934. The Company operates from offices located in Georgia and Missouri, and its customers are located throughout the United States. Accounting Policies: The Company follows Generally Accepted Accounting Principles (GAAP), as established by the Financial Accounting Standards Board (the FASB), to ensure consistent reporting of financial condition, results of operations, and cash flows. Cash and Cash Equivalents: The Company maintains its cash deposits at a high credit quality financial institution. Balances at times may exceed federally insured limits. Income Taxes: The Company is a Limited Liability Company that is taxed as a partnership under the Internal Revenue Code regulations. Therefore, the income or losses of the Company flow through to and are taxable to its members, and no income taxes are reflected in the accompanying financial statements. The Company has adopted the provisions of FASB Accounting Standards Codification 740-10, Accounting for Uncertainty in Income Taxes. Under FASB 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, including its status as a pass-through entity, 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. Estimates: Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could vary from the estimates that were assumed in preparing the financial statements. Date of Management's Review: Subsequent events were evaluated through the date the financial statements were issued. The Company is not aware of any significant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on the financial statements. Revenue Recognition: Investment !banking revenues include fees earned from providing merger and acquisition and other advisory services to clients. Revenue is recognized when earned, which generally occurs as services are performed or upon consummation of a transaction. The Financial Accounting Standards Board (FASB), has issued a comprehensive new revenue recognition standard that supersedes most existing revenue recognition guidance under GAAP (FASB Accounting Standards Codification 606). The Company adopted this standard effective January 1, 2018. The standard's core principle is that .an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be {10}------------------------------------------------ # **OMAC BEVERAGE SECURITIES, LLC NOTES TO FINANCIAL STATEMENTS December31,** 018 # **NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)** Revenue Recognition (continued): entitled in exchange for those goods or services. ASU 2014-09 prescribes a five-step process to accomplish this core principle, including: - Identification of the contract with the customer; - Identification of the performance obligation(s) under the contract; - Determination of transaction price; - Allocation of the transaction price to the identified performance obligation(s); and - Recognition of revenue as (or when) an entity satisfies the identified performance obligation(s). The Company recognizes revenue upon completion of a success fee-based transaction as this satisfies the only performance obligation identified in accordance with this standard. Application of the standard in 2018 had no effect on reported financial position, results of operations or related disclosures. Fair Value of Financial Instruments: The Company's financial instruments, including cash, accounts receivable, prepaid expenses and other assets, accounts payable and due to related party, are carried at cost, which approximates their fair value because of the short-term nature of these assets and liabilities. # **NOTE B- NET CAPITAL** The Company is subject to SEC Uniform Net Capital Rule (SEC Rule 15c3-1 ), which requires the maintenance of a minimum net capital, as defined, equal to the greater of \$5,000 or 6 2/3% of aggregate indebtedness. At December 31 , 2018, the Company had net capital of \$44,87 4 which was \$26,402 in excess of its required net capital of \$18,4 72. The Company's ratio of aggregate indebtedness to net capital was 6.17 to 1. The Company is exempt for the provision of Rule 15c3-3 under the Securities Exchange Act of 1934 pursuant to Paragraph (k)(2)(i). # **NOTE C- RELATED PARTIES** The Company has an expense sharing agreement with a related company. Under the terms of the agreement, the Company pays the affiliated company for personnel services and other administrative costs provided to the Company. The amount expensed under the arrangement for the year ended December 31 , 2018 was approximately \$382,139. The balance due to related party on the accompanying statement of financial condition arose from the services agreement. ## **NOTE D -CONTINGENCIES** The Company is subject to litigation in the normal course of business. The Company has no litigation in progress at December 31 , 2018. # **NOTE E- ACCOUNTS RECEIVABLE** Accounts receivable include \$150,000 that under the terms of the agreement is due May 2024. {11}------------------------------------------------ # **OMAC BEVERAGE SECURITIES, LLC NOTES TO FINANCIAL STATEMENTS December31,** 018 ## **NOTE F - CONCENTRATIONS** Approximately all of the accounts receivable at December 31, 2018 are due from two customers. Approximately 85% of revenue was earned from one customer. {12}------------------------------------------------ # SUPPLEMENTAL INFORMATION {13}------------------------------------------------ # OMAC BEVERAGE SECURITIES, LLC SCHEDULE I COMPUTATION OF NET CAPITAL PURSUANT TO RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION ACT OF 1934 AS OF DECEMBER 31, 2018 Net capital: | Total Members' equity | \$
345,464 | |----------------------------------------------------------------|---------------| | Less: | | | Accounts receivable | 294,536 | | Prepaid expenses and other assets | 6,053 | | Total deductions and/or charges | 300,589 | | Net capital before haircuts | 44,874 | | Less haircuts | | | Net capital | 44,874 | | Minimum net capital required | 18,472 | | (greater of \$5,000 or 6 2/3% of total aggregate indebtedness) | | | Excess net capital | \$
26,402 | | Aggregate indebtedness | \$
277,087 | | Net capital requirement based on aggregate indebtedness | \$
18 472 | | Percentage of aggregate indebtedness to net capital | 617.48% | Reconciliation with Company's computation of net capital included in Part IIA of Form 17X-5A and net capital as computed above. There is no significant difference between net capital as reported in amended Form X-17A-5 and net capital as computed above. {14}------------------------------------------------ # OMAC BEVERAGE SECURITIES, LLC # SCHEDULE II COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31 , 2018 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. # SCHEDULE Ill INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31 , 2018 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. {15}------------------------------------------------ ![](_page_15_Picture_0.jpeg) # **EXEMPTION REPORT SEA RULE 17a-5(d)(4)** February 5, 2019 RUBIO CPA, PC 900 Circle 75 Parkway Suite 1100 Atlanta, Georgia 30339 To Whom it May Concern: The below information is designed to meet the Exemption Report criteria pursuant to SEC Rule 17a-5(d)(4): OMAC Beverage Securities, LLC is a broker/dealer registered with the SEC and FINRA. Pursuant to paragraph k(2)(i) of SEA Rule 15c3-3, the Company is claiming an exemption from SEA Rule 15c3-3 for the fiscal year ended December 31 , 2018. The Company has met the identified exemption provisions throughout the most recent fiscal year without exception. The above statement is true and correct to the best of my and the Company's knowledge. Signed:~----- Name: Sean Mcl aren Title: CEO {16}------------------------------------------------ # RUBIO CPA, PC CERTIFIED PUBLIC ACCOUNTANTS 2727 Paces Ferry Rood SE Building 2, Suite 1680 Atlanta, GA 30339 Office: 7 70 690-8995 Fax: 770 838-7123 # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Mt:mbers of OMAC Beverage Securities LLC We have reviewed management's statements, included in the accompanying Broker Dealers Annual Exemption Report in which (1) OMAC Beverage Securities LLC identified the following provisions of 17 C.F.R. § 15c3-3(k) under which *OMAC* Beverage Securities LLC claimed an exemption from 17 C.F.R. § 240.15c3-3: (k)(2)(i) (the "exemption provisions"); and, (2) OMAC Beverage Securities LLC stated that OMAC Beverage Securities LLC met the identified exemption provisions throughout the most recent fiscal year without exception. OMAC Beverage Securities 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 OMAC Beverage Securities 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 aln material respects, based on the provisions set forth in paragraph (k)(2)(i), of Rule 15c3-3 under the Securities Exchange Act of 1934. February I I, 2019 Atlanta, GA Rubio CPA, PC {17}------------------------------------------------ # RUBIO CPA, PC CERTIFIED PUBLIC ACCOUNTANTS 2727 Paces Ferry Road SE Building 2, Suite 1680 Atlanta, GA 30339 Office: 770 690-8995 7123 # INDEPENDENT ACCOUNT ANT'S REPORT ON APPLYING AGREED-UPON PROCEWOJit~ 838- RELATED TO AN ENTITY'S SIPC ASSESSMENT RECONCILIATION To the Members ofOMAC Beverage Securities LLC In accordance with Rule 17a-5(e)(4) under the Securities Exchange Act of 1934, we have performed the procedures enumeratef/1-- Rubio CPA, PC {18}------------------------------------------------ | SIPC-7 | | |---------------|--| | {35-REV 6/17) | | SECURITIES INVESTOR PROTECTION CORPORATION P.O. Box 92185 Washington, D.C. 20090-2185 202-371 -8300 # General Assessme nt Reconciliation # **SIPC-7** (35-REV 6/17) For the fiscal year en ed ~?!~!~~-~------ (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: | | lo69096
OMAC BEVERAGE SECURITIES LLC
305 W WIEUCA RD | | Note: If any of the information shown on the
mailing label requires correction, please e-mail
any corrections to form@sipc.org and so
indicate on the form fi led. | |----|--------------------------------------------------------------------------------------------------------------|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | ATLANTA, GA 30342 | | Name and telephone number of person to
contact respecting this form. | | | L | _j | Rick Alvarez 770-263-7300 | | | 2. A. General Assessment (item 2e from page 2) | | \$1,661 | | | B. Less payment made with SIPC-6 filed (exclude interest)
8/23/18 | | | | | Date Paid | | | | | C. Less prior overpayment applied | | | | | D. Assessment balance due or (overpayment) | | 1,646 | | | E. Interest computed on late payment (see instruction E) for ______ days at 20% per annum | | 0 | | F. | Total assessment bal ance and in terest due (or overpayment ca rried forward) | | \$1,646 | | | G. PAID WITH THIS FORM:
Check enclosed, payable lo SIPC
Total (must be same as F above) | \$1,646 | | | | H. Overpayment carried forward | _______
\$( _0 | _ | | | 3. Subsidiaries (S) and predecessors (P) included in this form (give name and 1934 Act reg istration 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. | | | | OMAC BEVERAGE SECURITIES LLC | | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------|-------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------|---------------------|--| | | Dated thel3::_ day of | fut}
' 2 0 ____Li_ . | | (Aulhorozed Stgnaiutel | | | | | | | 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. | | | | | ffi Dates:
;s: | Postmarked | Received | Reviewed | | | | | UJ
UJ
c::::: | > Calculations __
_ | | __
Documentation
_ | | ___
Forward Copy | | u Exceptions: a... (I) Disposition of exceptions: 1 {19}------------------------------------------------ #### **DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT** Amounts for the fiscal period | | __
Amounts for the fiscal period
__
beginning _:1';;1': 1a
_
_
and ending •~_:'l_:"b;_ _
_
_ _ | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------| | Item No.
2a. Total revenue (FOCUS Line 12/PartiiA Line 9, Code 4030) | Eliminate cents
\$1.123,493 | | | | | 2b. Additions:
( 1) Total revenues from the securities business of subsidiaries (except foreign subsidiaries) and
predecessors 110t 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 underwnting 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. | | | Tot af 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 transact ions in security futures products. | | | (2) Revenues from commodity transactions. | | | (3) Commissions, lloor 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 commrssions and markups earned from transactions in (i) certificates of deposit anc
(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): | | | out of pocket reimbursed expenses | 15,932 | | (Deductions in excess of \$100,000 require documentation)
(9} (i) Total interest and dividend expense (FOCUS l ine 22/PART IIA Line 13.
Code 4075 plus line 2b(4) above) but not in excess
~-
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of total interest and dividend income. | | | (ii) 40% ol margin interest earned on customers securities
\$ __________________ _
accounts (40% of FOCUS line 5, Code 3960). | 0 | | Enter the greater of line (i) or (ii) | 15,932 | | To(to page 1, line 2.A.) | - ------- - Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.