# PEI GLOBAL PARTNERS LLC X-17A-5 (2021-11-29) — Broker-dealer annual report - Company: PEI GLOBAL PARTNERS LLC - Form: X-17A-5 - Filed: 2021-11-29 - Period: 2021-09-30 - Accession: 0001745923-21-000003 - CIK: 1745923 - File #: 8-70159 - Type: Broker-dealer - Material weakness: No - Auditor: YSL & Associates - Auditor location: New York, NY - Contact: Michael Stupay - Phone: 2128971692 - Signed by: Benjamin Gray (CEO / CCO) Original filing: https://www.sec.gov/Archives/edgar/data/1745923/000174592321000003/pei2021s.pdf --- {0}------------------------------------------------ # PEI Global Partners LLC f/k/a Tokensoft Global Markets, LLC Statement of Financial Condition Pursuant to Rule 17a-5 under the Securities Exchange Act of 1934 September 30, 2021 {1}------------------------------------------------ #### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** # **ANNUAL REPORTS FORMX-17A-5 PART** III | 0MB APPROVAL | | |--------------------------|--| | 0MB Number: 3235·0123 | | | Expires: Oct. 31, 2023 | | | Estimated average burden | | | hours per response: 12 | | SEC FILE NUMER 8-70159 **FACING PAGE** **Information** Required **Pursuant** to **Rules** 17a-5, 17a-12, **and 18a-**7 **under the** Securities **Exchange Act of 1934** FILING FOR THE PERJOD BEGINNING **10/1 /20** AND ENDING **\_\_ 9\_/3\_0\_/2\_1 \_\_ \_** MMIDDIYY MM/DD/YY **A. REGISTRANT IDENTIFICATION** NAME OF FIRM: PEI Global Partners LLC f/k/a Tokensoft Global Markets, LLC TYPE OF REGISTRANT (check all applicable boxes): **6a** Broker-dealer D Security-based swap dealer D Major security-based swap participant D Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) # 42 Broadway, Suite 12-129 | | (No. and Street) | | |-------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------| | New York | NY | 10004 | | (City) | (State) | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | Michael Stupay | 212.897.1692 | mstupay@integrated.so1utions | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | B. ACCOUNT ANT IDENTIFICATION | | | 11 Broadway, Suite 700 New York NY 10004 | (Name - if individual, state last, first, and middle name) | | | (Address) | (City) | (Zip Code)
(State) | | 6/6/062269 | | | | (Date of Registration with PCAOB)(ifapplicable) | | (PCAOB Registration Number, ifapplicable) | | | FOR OFFICIAL USE ONLY | | | 240. l 7a-5( e)( l )(ii), if applicable. | * 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 | | **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.** {2}------------------------------------------------ #### **AFFIRMATION** I, Benjamin Gray, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to PEI Global Partners LLC f/k/a Tokensoft Global Markets, LLC as of September 30, 2021, is true and correct. I further affirm that neither the Company nor any officer or director has any proprietary interest in any account classified solely as that of a customer. Title: CEO/CCO Notary Public l-knna-h *Perna..* ![](_page_2_Picture_6.jpeg) {3}------------------------------------------------ ### **This filing\*\* contains (check ail applicable boxes):** - (a) Statement of financial condition. - (b) Notes to unconsolidated or consolidated statement of financial condition, as applicable. - (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 § 2 I 0.1 -02 of Regulation S-X). - ( d) Statement of cash flows. - (e) Statement of changes in stockholders' or partners' or members' or sole proprietor's equity, as applicable. - (t) Statement of changes in liabilities subordinated to claims of creditors. - (g) Notes to unconsolidated or consolidated financial statements,, as applicable. - (h) Computation of net capital under 17 CFR 240. l 5c3-l or 17 CFR 240. l 8a-l, as applicable. - (i) Computation of tangible net worth under 17 CFR 240.1 8a-2. - (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CTR 240.15c3-3. - (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240. I 5c3- 3 or Exhibit A to 17 CFR 240. l 8a-4, as applicable. - (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240. l 5c3-3. - (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. l 5c3- 3(p)(2) or 17 CFR 240. l 8a-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. l 5c3-l , 17 CFR 240. l 8a-l, or 17 CFR 240. l 8a-2, as applicable, and the reserve requirements under 17 CFR 240. l 5c3-3 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. l 7a-l 2, 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. l 7a-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 report or financial statements under 17 CFR 240. l 7a-5, 17 CFR 240.1 8a-7, or 17 CFR 240. l 7a-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. I 8a-7, as applicable. - (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240. l 7a-5 or 17 CFR 240. l 8a-7, as applicable. - (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CTR 240.15c3-l e or 17CFR 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. l 7a-12(k). *\*\*To request confidential treatment of certain portions of this filing, see 17 CPR 240. 17a-5(e)(3) or 17 CFR 240. 18a- 7(d)(2), as applicable.* **D** (z) Other: \_ {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) 11 Broadway, Suite 700, New York, NY 10004 Tel: (212) 232-0122 Fax: (646) 218-4682 # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Members of PEI Global Partners LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of PEI Global Partners LLC (the "Company") as of September 30, 2021 , 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 September 30, 2021 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. 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 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. i/;)l if A.ss,,t-~ L t,c.\_.. We have served as PEI Global Partners LLC's auditor since 201 9. New York, NY November 26, 2021 {5}------------------------------------------------ # **PEI Global Partners LLC f/k/a Tokensoft Global Markets, LLC** # **Statement of** Financial **Condition September 30, 2021** | Assets | | |---------------------------------------|--------------| | Cash | \$
19,518 | | Prepaid expense and other assets | 805 | | Total assets | \$
20,323 | | Liabilities and Membe~' Equity | | | Liabilities | \$ | | Members' equity | 20,323 | | Total liabilities and members' equity | \$
20,323 | {6}------------------------------------------------ # **Notes to Statement of Financial Condition September 30, 2021** #### **1. Organization and Business** PEI Global Partners LLC f/k/a Tokensoft Global Markets, LLC, (the "Company"), is a limited liability company organized under the laws of the state of New York on February 27, 2018. The Company is a broker-dealer registered with the Securities and Exchange Commission (the "SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company's operations will consist of private placements of securities and investment banking activities. The Company has not generated any revenues to date. #### **2. Summary of Significant Accounting Policies** #### **Basis of Presentation** These financial statements were prepared in conformity with accounting principles generally accepted in the United States of America which 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 amounts ofrevenues and expenses during the reporting period. Actual results could differ from these estimates. #### **Revenue Recognition** The Company adopted ASC Topic 606, *Revenue from Contracts with Customers("* ASC Topic 606"). This revenue recognition guidance requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance requires an entity to follow a five step model to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. All revenues will be recorded as earned when the terms of the agreement are fulfilled. Fees are based on the terms of the client agreements. #### **Cash** All cash deposits are held by one financial institution and therefore are subject to the credit risk at that financial institution. The Company has not experienced any losses in such accounts and does not believe there to be any significant credit risk with respect to these deposits. {7}------------------------------------------------ # **Notes to Statement of Financial Condition September 30, 2021** #### **2. Summary of Significant Accounting Policies (continued)** #### **Income Taxes** The Company is a limited liability company and is treated as a partnership for federal income tax reporting purposes. The Internal Revenue Code ("IRC") provides that any income or loss is passed through to the ultimate beneficial individual members for federal, state and certain local income taxes. Accordingly, the Company has not provided for income taxes. At September 30, 2021 , management has determined that the Company had no uncertain tax positions that would require financial statement recognition. This determination will always be subject to ongoing reevaluation as facts and circumstances may require. #### **3. Transactions with Related Parties** The Company maintained Expense Sharing Agreements ("ESA"), that terminated on September 29, 2021, with TokenSoft Global Markets Holdings, LLC and its affiliates (together, "TokenSoft") and Integrated Management Solutions USA LLC and Integrated Investment Solutions LLC (together "Integrated") whereby TokenSoft and Integrated were to provide office and administrative services, payroll and professional services to the Company. The Company has entered into an Expense Sharing Agreement ("New ESA") with PEI Global Partners Holdings LLC ("Holdings"), a 20% owner of the Company, to provide office and administrative services, payroll and professional services to the Company. The New ESA has a term of one year and automatically renews annually, unless terminated or modified by written notice. The Company does not have any obligation, direct or indirect, to reimburse or otherwise compensate Tokensoft, Integrated or Holdings for any or all costs that they have paid on behalf of the Company and accordingly, these costs have not been recorded on the books of the Company. The terms of these arrangements may not be the same as those that would otherwise exist or result from agreements and transactions among unrelated parties. #### **4. Regulatory Requirements** The Company is subject to the SEC Uniform Net Capital Rule l 5c3-l under the Securities Exchange Act of 1934, 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 September 30, 2021 , the Company had net capital of approximately\$ J 9,500 which exceeded the required net capital by approximately \$14,500. The Company does not hold customers' cash or securities and, therefore, has no obligations under SEC Rule I 5c3-3 under the Securities Exchange Act of 1934. {8}------------------------------------------------ # **Notes to Statement of Financial Condition September 30, 2021** ### **5. COVID-19** During the 2020 calendar year, the World Health Organization declared COVID-19 to constitute a "Public Health Emergency of International Concern". This pandemic has disrupted economic markets and the economic impact, duration and spread of the COVID-19 virus is uncertain at this time. The financial performance of the Company is subject to future developments related to the COVTD-19 outbreak and possible government advisories and restrictions placed on the financial markets and business activities. The impact on financial markets and the overall economy, all of which are highly uncertain, cannot be predicted. If the financial markets and/or the overall economy are impacted for an extended period the Company's results may be materially affected. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. #### **6. Subsequent Events** Management of the Company has evaluated events or transactions that have occurred since September 30, 2021. The Company received a capital contribution of \$25,000 on November 2, 2021. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.