# EUROLINK SECURITIES LLC X-17A-5 (2023-02-28) — Broker-dealer annual report - Company: EUROLINK SECURITIES LLC - Form: X-17A-5 - Filed: 2023-02-28 - Period: 2022-12-31 - Accession: 0001554726-23-000001 - CIK: 1554726 - File #: 8-69131 - Type: Broker-dealer - Material weakness: No - Auditor: DAVID LUNDGREN AND COMPANY, CPA'S - Auditor location: OLATHE, KS - Contact: CURTIS WEEKS - Phone: 678-679-8642 - Email: cweeks@eurolinksecurities.com - Website: eurolinksecurities.com - Signed by: PATRICK ODDOUX (PRESIDENT & CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1554726/000155472623000001/eurolinkaudit22.pdf --- {0}------------------------------------------------ | UNITED STATES | | | | | | | |------------------------|--|--|--|--|------------------------------------|--| | | | | | | SECURITIES AND EXCHANGE COMMISSION | | | Washington, D.C. 20549 | | | | | | | | | Estimated average burden
12
hours per response: | | | |----------------|-------------------------------------------------------|--|--| | ANNUAL REPORTS | SEC FILE NUMBER | | | | FORM X-17A-5 | 8-69131 | | | | | | | | SEC FILE NUMBER 8-69131 0MB APPROVAL 0MB Number: 3235-0123 Expires: Oct. 31, 2023 # **PART** Ill **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 **O 1/01/2022** AND ENDING **12/31/2022** MM/DD/YY MM/DD/YY **A. REGISTRANT IDENTIFICATION** v»we or aw.\_Eurolink Securities LLO TYPE OF REGISTRANT (check all applicable boxes): el Broker-dealer [l Security-based swap dealer Check here if respondent is also an OTC derivatives dealer D Major security-based swap participant ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | (No. and Street) | | | | |---------------------------------------------------------------------------------------------------------------|--------------|-----------------------------------------------------------|-----------------|-------------------------------|--| | | New Rochelle | NY | | 10801 | | | (City} | | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Curtis Weeks | | 678-679-8642 | | cweeks@eurolinksecurities.com | | | (Name) | | (Area Code -- Telephone Number) | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing
David Lundgren and Company, CPA's | | | | | | | | | (Name -if individual, state last, first, and middle name) | | | | | 505 N Mur-Len Rd | | Olathe | KS | 66062 | | | (Address) | (City) | | (State) | (Zip Code) | | | 1/05/2015 | | | 6075 | | | Claims for exemption from the requirement that the annual reports be covered by the 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 0MB control number. {1}------------------------------------------------ ### **OATH OR AFFIRMATION** | Patrick Oddoux
I, | swear (or affirm} that, to the best of my knowledge and belief, the | | |--------------------------------------------|----------------------------------------------------------------------------------------|-------| | financial report pertaining to the firm of | Eurolink Securities LLC | as of | | December 31 | 20@, 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. | | DAE GON KIM
Notary Public, State of New York
License Number· 01K16392677 | |---------------|--------------------------------------------------------------------------------| | Notary Public | Expiralon Date: 0e19/2023
Qualified in Westchester County | | Signature· | ± | S | | | |-----------------|---|---|--|--| | Title: | | | | | | President & CEO | | | | | ### **This filing\*\* contains (check all applicable boxes):** - **ii** {a) Statement of financial condition. - 0 {b) Notes to consolidated statement of financial condition. - **a** (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).** - **is** (d) Statement of cash flows. **l** - **ii** (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (f) Statement of changes in liabilities subordinated to claims of creditors. - **ai** (g) Notes to consolidated financial statements. - **ii** {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. - **ii** {j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - 0 {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. - 0 {I) Computation for Determination of PAB Requirements under Exhibit A to 5 240.15c3-3. - **ii** {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. - 0 {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. - 0 (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - **ii** (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. - 0 (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. - **ii** (u) Independent public accountant's report based on an examination of the financial report or 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. - **ii {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. - **ii (x)** Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 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). - 0 (z) Other: \_ - *To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable.* {2}------------------------------------------------ # EUROLINK SECURITIES LLC FINANCIAL STATEMENTS AND SCHEDULES For the Year Ended December 31, 2022 With Independent Auditor's Report {3}------------------------------------------------ ### **DAVID LUNDGREN & COMPANY CERTIFIED PUBLIC ACCOUNTANTS, CHARTERED 50E NORTH MUR-LEN ROAD OLATHE, KANSAS 66062** **DAVID B. LUNDGREN, MBA, CPA** **TELEPHONE (913) 7829830 FACSIMILE (913) 782-9564** ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Shareholders of Eurolink Securities LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Eurolink Securities LLC as of December 31, 2022, 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 Eurolink Securities LLC as of December 31, 2022, 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 Eurolink Securities LLC's management. Our responsibility is to express an opinion on Eurolink Securities LLC's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Eurolink Securities LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to **assess** the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. #### **Auditor's Report on Supplemental Information** The Schedules I, 11, and Ill have been subjected to audit procedures performed in conjunction with the audit of Eurolink Securities LLC's financial statements. The supplemental information is the responsibility of Eurolink Securities LLC's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the Schedules I, II and Ill are fairly stated, in all material respects, in relation to the financial statements as a whole. *D.a1/4* We have served as Eurolink Securities LLC's auditor since 2018. Olathe, Kansas February 27, 2023 {4}------------------------------------------------ # **EUROLINK SECURITIES LLC STATEMENT OF FINANCIAL CONDITION December 31, 2022** ### ASSETS | Cash and cash equivalents
Accounts receivable
Prepaid expenses and deposits | \$
50,000
55,500
7,785 | |-----------------------------------------------------------------------------------|---------------------------------| | Total assets | \$
113,285 | | LIABILITIES AND MEMBER'S EQUITY | | | Liabilities
Accounts payable
Accrued payroll taxes | \$
20,667
743 | | Total liabilities | 21,410 | | Member's equity | 91,875 | | Total liabilities and member's equity | \$
113,285 | The accompanying notes are an integral part of the financial statements. {5}------------------------------------------------ # **EUROLINK SECURITIES LLC STATEMENT OF OPERATIONS For the Year Ended December 31, 2022** | REVENUES | | |--------------------------|---------------| | Research revenue | 590,436
\$ | | Interest income | 5 | | Total revenue | 590,441 | | EXPENSES | | | Compensation | 215,599 | | Professional fees | 23,881 | | Regulatory fees | 7,535 | | Occupancy | 16,800 | | Research | 29,977 | | Technology | 5,114 | | Travel and entertainment | 9,440 | | Other operating expenses | 7,416 | | Total expenses | 315,762 | | NET INCOME | \$
274,679 | The accompanying notes are an integral part of the financial statements. {6}------------------------------------------------ # **EUROLINK SECURITIES LLC STATEMENT OF MEMBER'S EQUITY For the Year Ended December 31, 2022** | Balance, December 3 1, 2021 | \$
98,296 | |-----------------------------|-----------------| | Member Distributions | \$
(281,100) | | Net Income | \$
274,679 | | Balance, December 3 1, 2022 | \$
91,875 | 1It uUUIpuIy III u uIt u IuuIu put of Lu flu1ulul uuIIIIL. {7}------------------------------------------------ # **EUROLINK SECURITIES LLC STATEMENT OF CASH FLOWS For the Year Ended December 31, 2022** | CASH FLOWS FROM OPERATING ACTIVITIES: | | |-----------------------------------------------------------------------------------|---------------| | Net income | \$
274,679 | | Adjustments to reconcile net income to net cash provided by operating activities: | | | Increase in prepaids and deposits | (365) | | Increase in receivables | (4,600) | | Increase in accounts payable and accrued liabilities | 11,370 | | Net cash provided by operating activities | 281,084 | | CASH FLOWS FROM FINANCING ACTIVITIES: | | | Member distributions | (281,100) | | Net cash used by financing activities | (281,100) | | NET DECREASE IN CASH | (16) | | CASH AND CASH EQUIVALENTS: | | | Beginning of period | 50,016 | | End of period | \$
50,000 | The accompanying notes are an integral part of the financial statements. {8}------------------------------------------------ # **EUROLINK SECURITIES LLC NOTES TO FINANCIAL STATEMENTS December 31, 2022** # NOTE 1 - NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES **Nature of Business:** Eurolink Securities LLC (the "Company") was organized as a New York Limited Liability Company in October 2012. The Company became an independent registered broker-dealer and a member of the Financial Industry Regulatory Authority ("FINRA") effective January 2014. The Company's business is to act as an investment banker in private placement transactions and mergers and acquisitions, and to sell research. **Income Taxes:** The Company has elected to be a Limited Liability Company that is taxed as a sole proprietorship under Internal Revenue Code regulations. Therefore, the income or losses of the Company flow through to and are taxable to its owner and no liability for income taxes is reflected in the accompanying financial statements. The Company has adopted the provisions of F ASB Accounting Standards Codification 7 40-10, Accounting for Uncertainty in Income Taxes. Under 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 tax return. The Company has evaluated each of its tax positions and has determined that it has no uncertain tax positions. **Estimates:** The preparation of financial statements in accordance with generally accepted accounting principles requires the use of estimates in determining assets, liabilities, revenues and expenses. Actual results may differ from these estimates. **Cash and Cash Equivalents:** The Company maintains its bank accounts at a high credit quality bank in the United States. Balances, at times may exceed federally insured limits. Generally, these deposits may be redeemed upon demand and, therefore, bear minimal risk. The Company considers deposits with maturities of ninety-days or less to be cash and cash equivalents. **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 and as required by the SEC and FINRA. {9}------------------------------------------------ # **EUROLINK SECURITIES LLC NOTES TO FINANCIAL STATEMENTS December 31, 2022** ### NOTE 1-NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) **Accounts Receivable:** Accounts receivable consist of trade receivables for investment banking and advisory services. The Company regularly reviews its accounts receivable for any bad debts. The review for bad debts is based on an analysis of the Company's collection experience, customer worthiness, and current economic trends. The Company believes all receivables are collectible and no allowance is needed. **Subsequent Events:** Subsequent events were evaluated through February 27, 2023, which is the date the financial statements were issued. The Company did not identify any material subsequent events requiring adjustments on disclosure to those financial statements. **Revenue Recognition:** On January 1, 2018, the Company adopted ASU 2014-09 *Revenue from Contracts with Customers* and all subsequent amendments to the ASU (collectively, "ASC 606"), which creates a single framework for recognizing revenue from contracts with customers that fall within its scope. Revenue is measured based on a consideration specified in a contract with a customer. The Company recognizes revenue when it satisfies a performance obligation by transferring control over goods or service to a customer. Services within the scope of ASC 606 include investment banking, merger and acquisition (M&A) services and research. Investment banking, M&A services include agreements to provide advisory services to customers for which they charge the customers fees. The Company provides advisory services / corporate finance activity including mergers and acquisitions, reorganizations, tender offers, leveraged buyouts, fundraising activity and the pricing of securities to be issued. The agreement contains nonrefundable retainer fees or success fees, which may be fixed or represent a percentage of value that the customer receives if and when the corporate finance activity is completed ("success fees"). In some cases, there is also an "announcement fee" that is calculated on the date a transaction is announced based on the price included in the underlying sale agreement. The retainer fees, announcement fee, or other milestone fees reduce any success fee subsequently invoiced and received upon the completion of the corporate finance activity. The Company has evaluated its nonrefundable retainer payments, to ensure its fee relates to the transfer of a good or service, as a direct distinct performance obligation, in exchange for the retainer. If a promised good or service is not distinct, the Company combines that good or service with other promised goods or services until it identifies a bundle of goods or services that is distinct. Payment for the majority of our research services is considered to be variable consideration, as the amount of revenues we expect to receive is subject to factors outside of our control, including market conditions. Variable consideration is only included in revenue when amounts are not subject to significant reversal, which is generally when uncertainty around the amount of revenue to be received is resolved. Revenue from research services is recognized as the research is reported as used by the client. {10}------------------------------------------------ ### **EUROLINK SECURITIES LLC NOTES TO FINANCIAL STATEMENTS December 31, 2022** #### NOTE 2 - NET CAPITAL REQUIREMENTS The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (Rule 15c3-l), 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, 2022, the Company had net capital of \$28,590, which was \$23,590 more than its required net capital of \$5,000 and the ratio of aggregate indebtedness to net capital was .7489 to 1.0. #### NOTE 3-RELATED PARTY TRANSACTIONS The Company's office is co-located with a company related by common ownership (the "affiliated company") which share limited administrative expenses which are defined, along with the expense allocation methodology to be used, in art expense sharing agreement. The Company leases its office space under an operating lease with a month-to-month term from its affiliated company. Rent expense under this lease was \$16,800 for the year ended December 31, 2022. #### NOTE 4-CONCENTRATION The top three customers comprised approximately 60% ofrevenue for the year 2022. #### NOTE 5-CONTINGENCIES AND CLAIMS The Company does not have any commitments, guarantees, or contingencies, including arbitration or other litigation claims that may result in a loss or future obligation. #### NOTE 6-FUTURE ACCOUNTING PRONOUNCEMENT In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The new standard establishes a right-of-use ("ROU") model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The standard was effective for us on January l, 2019. The Company does not have any leases which meet the criteria and therefore no impact was noted to the financial statements as of December 31, 2022. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company's financial statements upon adoption. {11}------------------------------------------------ ### **EURO LINK SECURITIES LLC** **Supplementary Information Pursuant to rule 17(a)-5 of the Securities Exchange Act of 1934** ### **December 31, 2022** The accompanying schedule is prepared in accordance with the requirements and general format of FOCUS Form X-17A-5. {12}------------------------------------------------ ### **EUROLINK SECURITIES LLC** # **SCHEDULE I COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION ACT OF 1934** **December 31, 2022** | Net Capital | | |-----------------------------------------------------|---------------| | Total member's equity qualified for net capital | \$
91,875 | | Deduction for non-allowable assets: | | | Accounts receivable - non-allowable | (55,500) | | Prepaid expenses and deposits | (7,785) | | Net capital before haircuts | 28,590 | | Less haircuts | 0 | | Net capital | \$
28,590 | | Minimum net capital required | \$
5,000 | | Aggregate Indebtedness: | | | Liabilities | \$
2 1,410 | | Minimum net capital based on aggregate indebtedness | \$
1,427 | | Ratio of aggregate indebtedness to net capital | .7489 to 1.0 | | Excess net capital | \$
23,590 | RECONCILIATION WITH COMPANY'S COMPUTATION OF NET CAPITAL INCLUDED IN PART IIA OF FORM X-17A-5 AS OF DECEMBER 31, 2022. There was no significant difference between net capital in Part IIA of Form X-17A-5 and net captial above. {13}------------------------------------------------ # **EUROLINK SECURITIES LLC** # **SCHEDULE II COMPUTATION FOR DETERMINATION OF THE RESERVE REQUIREMENTS UNDER THE SECURITIES AND EXCHANGE COMMISSION RULE 15c3-3 December 31, 2022** The Company does not claim an exemption from SEA Rule 15c3-3, 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 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 III INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER THE SECURITIES AND EXCHANGE COMMISSION RULE 15c3-3 December 31, 2022** The Company does not claim an exemption from SEA Rule 15c3-3, 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 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 P AB accounts. {14}------------------------------------------------ ### **DAVID LUNDGREN** & **COMPANY** CERTIFIED PUBLIC ACCOUNTANTS, CHARTERED **EOE NORTH MU-LEN ROAD OLATHE, KANSAS 66062** **DAVID B. LUNDGREN, MBA, CPA** **TELEPHONE (913) 782-9530 FACSIMILE (913) 782-9564** ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Shareholders of Eurolink Securities LLC We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) Eurolink Securities LLC identified the following provisions of 17 C.F.R. \$15c3-3(k) under which Eurolink Securities LLC did not claim an exemption from 17C.F.R. \$240.15c3-3 of the SEC Release No. 34-70073 adopting amendments to 17 CF.R. \$ 240.17a-5 because the Company limits its business activities exclusively to activities involving broker distributing third-party research, private placements as placement agent, and broker receiving customer referral fees and commission sharing with other Finra members. In addition, the Company did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers and did not have possession of any customer funds or securities in connection with their activities throughout the most recent fiscal year without exception. Eurolink 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 Eurolink 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 all material respects, based on the provisions set forth in Footnote 7 4 rel ted to paragraph (k) of Rule 15c3-3 under the Securities Exchange Act of 1934. Olathe, Kansas February 27, 2023 {15}------------------------------------------------ ![](_page_15_Picture_0.jpeg) # **Exemption Report** Eurolink Securities LLC (the "Firm") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.FR. 5240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. § 240.17a-5(d}(l) and (4). To the best of its knowledge and belief, the 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 broker distributing third-party research, private placements as placement agent, and broker receiving customer referral fees and commission sharing with other Finra members. 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 Patrick Oddoux, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. Authorized Signature President & CEO Title February 2, 2023 Date {16}------------------------------------------------ ### **DAVID LUNDGREN** & **COMPANY CERTIFIED PUBLIC ACCOUNTANTS, CHARTERED EOE NORTH MU-LEN ROAD OLATHE, KANSAS 66062** **DAVID B. LUNDGREN, MBA, CPA (913)7829530** **TELEPHONE FACSIMILE** (913) **782-9564** ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPL YING AGREED-UPON PROCEDURES Board of Directors of Eurolink Securities LLC We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection Corporation (SIPC) Series 600 Rules, which are enumerated below on the accompanying General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2022. Management of Eurolink Securities LLC (Company) is responsible for its Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7., Management of the Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting you and SIPC in evaluating the Company's compliance with the applicable instructions on Form SIPC-7 for the year ended December 31, 2022. Additionally, SI PC has agreed to and acknowledged that the procedures performed are appropriate for their intended purpose. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. 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 cash disbursement records entries, noting no differences; - 2) Compared the Total Revenue amounts reported on the Annual Audited Report Form X-17A-5 Part Ill for the year ended December 31, 2022 with the Total Revenue amount reported in Form SIPC-7 for the year ended December 31, 2022, 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 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 engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the AICPA and in accordance with the standards of the Public Company Accounting Oversight Board (United States). We were not engaged to and did not conduct an examination or a review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the Company's Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7 for the year ended December 31, 2022. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement. This report is intended solely for the information and use of the Company and SIPC and is not intended to Olathe, ""TE"T. Kansas February 27, 2023 {17}------------------------------------------------ | SIPC-7 | | |----------------|--| | (36-REV 12/18) | | **SECURITIES INVESTOR PROTECTION CORPORATION Mail Code: 8967 P.O. Box 7247 Philadelphia, PA 19170-0001** # **General Assessment Reconciliation** **SIPC-7** (36-REV 1 2 /18) come tca ea.crate *12/3112022* (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 : | | 69131 FINRA DEC | | 7 | 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 filed. | | | |-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|-------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------|---| | | Eurolink Securities LLC | | | | | | | | 1 Radisson Plz STE 701 | | | contact respecting this form. | Name and telephone number of person to | | | | New Rochelle, NY 10801-5770
I | | J | | Curtis Weeks 678.679.8642 | | | | | | | | | | | | 2. A. General Assessment (item 2e from page 2) | | | | ' 8
8
° | | | | B. Less payment made with SIPC-6 filed (exclude interest)
July 19, 2022 | | | | 305 | | | | Date Paid
C. Less prior overpayment applied | | | | | | | | D. Assessment balance due or (overpayment) | | | | 581 | | | | | | | | | | | E. | Interest computed on late payment (see instruction E) f | o r | _days at 20% per annum | | 581 | | | | F. Total assessment balance and interest due (or overpayment carried forward) | | | \$. | | _ | | | □
✓ the box
G. PAYMENT:
Check mailed to P.O. Box
Funds Wired
Total
(must be same as F above) | c
4
AC | 581 | _ | | | | | | | | | | | | | H. Overpayment carried forward | \$( | | _ | | | | | 3. Subsidiaries (S) and predecessors (P) included in this form (give name and 1
I PC memb
er submittin
g this form and the
person by whom it is executed represent thereby | | 9 3 | 4 Act registration number) | : | | | | that all information contained herein is true, correct | | Eurolink Securities LLC
(Name of Corporation, Partnership or other organization) | | | | | | and complete | | | | | | | | a23
Dated the 25
day of January | President & CEO | | (Authorized S gnature) | | | | The S | 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. | | | (Title) | | | | | SE Dates
Received
Postmarked | Reviewed | | | | | | LAL.J
LAI cc | _ Calculations | Documentation | _ | | Forward Copy | _ | **en** Disposition of exceptions: {18}------------------------------------------------ ### **DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT** Amounts for the fiscal period | | beginning _
9
7
and ending1 | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------| | Item No.
2a. Total revenue (FOCUS Line 12/Part IIA Line 9, Code 4030) | Eliminate cents
----------
590,442
\$ | | 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 tor 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 requ ire documentation) | | | (9) ( i) Total interest and dividend expense (FOCUS Line 22/PART I IA 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 (i i) | | | Total deductions | 0 | | 2d. S IPC Net Operating Revenues | 590,442
\$========= | | 2e. General A ssessment@ .0015 | 886
\$==========
(to page 1
, line 2.A.) | Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.