# PACIFIC COAST CAPITAL, LLC X-17A-5 (2023-03-24) — Broker-dealer annual report - Company: PACIFIC COAST CAPITAL, LLC - Form: X-17A-5 - Filed: 2023-03-24 - Period: 2022-12-31 - Accession: 0001780350-23-000002 - CIK: 1780350 - File #: 8-70364 - Type: Broker-dealer - Material weakness: No - Auditor: LMHS PC - Auditor location: Norwell, MA - Contact: Brian Andreosky - Phone: 2019882081 - Email: bandreosky@aldrichadvisors.com - Website: aldrichadvisors.com - Signed by: Carl Pinkard (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1780350/000178035023000002/pccannualreport2022edconf.pdf --- {0}------------------------------------------------ # Pacific Coast Capital, LLC Financial Statements and Supplementary Information For the Year Ended December 31, 2022 (Confidential Pursuant to Rule 17a-5(e)(3)) {1}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** | ANNUAL
REPORTS | |-------------------| | FORM
X-17A-S | | PART
Ill | 0MB APPROVAL 0MB Number: 3235-0123 Expires: Oct. 31, 2023 Estimated ave rage burden hours per response: 12 > SEC FILE NUMBER 8-70364 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 /22** MM/DD/VY AND ENDING **12/31/22** MM/DD/YY **A. REGISTRANT IDENTIFICATION** NAME oF FIRM: Pacific Coast CapitaL LLC TYPE OF REGISTRANT (check all applicable boxes): 0Broker-dealer D Security-based swap dealer D 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.) 5665 Meadows Road, Suite 200 **(No.** and Street) Lake Oswego OR 97035 (City) (Statel (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING | Lake
Oswego | | OR | | 97035 | | |------------------------------------------------------|-----------|------------------------------------------------------------|--------------------------------|------------|--| | (City) | | (Statel | (Zip Code) | | | | PERSON TO CONTACT WITH REGARD | | TO THIS FILING | | | | | Brian
Andreosky | (503) | 716-9380 | bandreosky@aldrichadvisors.com | | | | (Name) | | (Area Code -Telephone Number) | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT
LMHS
P
C
, | | whose reports are contained in this filing* | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | 80
Washington
St
, | Bldg
S | Norwell | MA | 02061 | | | (Address) | | (City) | (State) | (Zip Code) | | 02/24/2009 3373 r•e of Reglstratloa with PCAOBJ(;f applicable) **FOR OFFICIAL USE ONL V** (PCAOB :eglmatioa N"mbe,, If applicable) I \* 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-S(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, {2}------------------------------------------------ #### **OATH OR AFFIRMATION** I, Carl Pinkard , swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of PACIFIC COAST CAPITAL, LLC as of 12/31 2 2022 , 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. Title : ...\_\_\_ \_\_ CEO Notary Public #### **This filing\*\* contains (check all applicable boxes):** - ~(a) Statement of financial condition. - D (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). - ~(d) Statement of cash flows. - ~(e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors. - D (g) Notes to consolidated financial statements. - ~(hl Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - D (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. - D(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. - D(I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - ii (m) Information relating to possession or control requirements for customers under 17 CFR 240.1Sc3-3. - D(n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.1Sc3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - ii (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-l, 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. - D(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. - D(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. - 0(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 240.17a-S, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - D(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.l 7a-5 or 17 CFR 240.18a-7, as applicable. - ~(x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.1Sc3-le or 17 CFR 240.17a-12, as applicable. - D(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). D(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.* {3}------------------------------------------------ | CALIIFORNBA JURAT WITH AIFFIANT STATEMENT | GOVERNMENT CODE § 8202
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_ Signer(s) Other Than Named Above: | _____________ _ | ~~~~~~~~~~~==-=~~~~~'I.X,~~~~~'! ©2016National Notary Association· www.NationalNotary.org • 1-800-US NOTARY (1 -800-876-6827) Item #5910 {4}------------------------------------------------ ### **Pacific Coast Capital, LLC** #### **December 31, 2022** #### **Table of Contents** | Report of Independent Registered Public Accounting Firm | | |----------------------------------------------------------------------------------------------------------------------------|-----| | Statement of Financial Condition | 2 | | Statement of Operations | 3 | | Statement of Changes in Member's Equity | 4 | | Statement of Cash Flows | 5 | | Notes to the Financial Statements | 6-9 | | Supplemental Infonnation | | | Schedule I: | | | Computation of Net Capital Under Rule 15c3- l
of the Securities and Exchange Commission | 10 | | Reconciliation with Company's Net Capital Computation | 11 | | Schedule II: | | | Computation for Determination of Reserve Requirements
Under Rule 15c3-3 of the Securities and Exchange Commission | | | Schedule III: | | | Infonnation Relating to Possession or Control Requirements
Under Rule l 5c3-3 of the Securities and Exchange Commission | 12 | | Review Report of Independent Registered Public Accounting Finn | 13 | | Management's Assertion Regarding Exemption - Non-Covered Firms) | 14 | {5}------------------------------------------------ ![](_page_5_Picture_0.jpeg) ### *Report of Independent Registered Public Accounting Firm* To the Member Pacific Coast Capital, LLC Lake Oswego, Oregon #### *Opinion* **011** *the Financial Statements* We have a udited the accompanying statement of financial condition of Pacific Coast Capital, LLC, as of December 3 1, 2022, and the related statements of operations, changes in member's equity and cash flows for the year then ended, and the related notes ( collectively referred to as the "fin ancial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Pacific Coast Capital, LLC as of December 3 1, 2022, and the results of its operations and its cash flows fo r the year ended, in confonn ity with accounting principles generally accepted in the United States of America. #### *Basis f or Opinion* These fi nancial statements are the responsibility of the entity's management. Our responsibility is to express an opinion on these financial statements based on our aud it. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be indepe ndent with respec t to Paci.fie Coast Capital, LLC in accordance with the U.S. federa l 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 requ ire 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 fi nancial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such proced ures included examining, on a test basis, ev idence regard ing the amounts and disclosures in the financial statements. Our audit also included eva luating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that o ur audit provides a reasonable basis for our opi nion. #### *S11pple111 e11tal Information* The supplemental info rmation appearing on page 10 through 14 has been subjected to audit procedures perfo rmed in conjunction with the audit of Pacific Coast Capital, LLC's fin ancial statements. The supplemental information is the responsibility of Pacific Coast Capital, LLC management. Our audit procedures included determi ning whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and pe1forming procedures to test the completeness and accuracy of the info rmation presented in the supplemental information. In forming our opinion on the supplemental in formation, we evaluated whether the supplemental info rmation, incl uding its form and content, is presented in conformity with *C.F. R. §240.17a -5.* In o ur opinion, the supplemental information is fa irly stated, in all material respects, in relation to the fin ancial statements as a who le. **Lrlll~Ae,** LMHS, P.C. We have served as Pac ific Coast Capital, LLC's auditor since 2020. Norwell, Massachusetts March 15, 2023 ![](_page_5_Picture_12.jpeg) {6}------------------------------------------------ ### **PACIFIC COAST CAPITAL, LLC** ### **Statement of Financial Condition December 31, 2022** #### ASSETS | Cash and cash equivalents [Note 2] | | 467,218 | |---------------------------------------|----|---------| | Total assets | \$ | 467,218 | | LIABILITIES AND MEMBERS' EQUITY | | | | Liabilites: | | | | Current liabilities | | | | Accounts payable & Accrued expenses | \$ | 107 | | Total liabilities | | 107 | | Member's equity : | | | | Member's equity | | 467,111 | | Total member's equity | | 467,111 | | Total liabilities and members' equity | \$ | 467,218 | {7}------------------------------------------------ ### **PACIFIC COAST CAPITAL, LLC** # **Statement of Operations For the year ended December 31, 2022** #### REVENUE | Mergers & Acquisitions advisory fees | \$
1,899,383 | |-------------------------------------------|-----------------| | Total revenue | \$
1,899,383 | | | | | EXPENSES: | | | Employe compensation and benefits | \$
137,135 | | Guaranteed payments | 131,000 | | Professional fees | 18,876 | | Regulatory fess and expenses | 6,269 | | Other operating expenses | 9,988 | | Total expenses | \$
303,268 | | NET fNCOME BEFORE INCOME TAXES | \$
1,596,115 | | LLC fees & CA annual minimum tax [Note 4] | \$
810 | | NET INCOME | \$
1,595,305 | | | | {8}------------------------------------------------ # **PACIFIC COAST CAPITAL, LLC Statement of Changes in Member's Equity For the year ended December 31, 2022** | | Member's
Equity | Net
Gain | Contributions
(Distributions) | Total
Member's
Equity | |--------------------------------------------------------------------------------------------------------|--------------------|-----------------|----------------------------------|-------------------------------------------| | Beginning balance January 1,
2022
Member's contributions
Net Profit
Member's distributions | \$
288,739 | 1,595,305 | (1,416,933) | \$
288,739
1,595,305
(1,416,933) | | Ending balance December
31, 2022 | \$
288,739 | \$
1,595,305 | \$
(1,416,933) | \$
467,111 | {9}------------------------------------------------ # **PACIFIC COAST CAPITAL, LLC Statement of Cash Flows For the year ended December 31, 2022** ### CASH FLOWS FROM OPERATING ACTIVITIES | Net Income | \$
1,595,305 | |----------------------------------------------------|-----------------| | Adjustments to reconcile net
income to net cash | | | provided/(used) by operating
activities: | | | Increase (decrease) in: | | | Accounts Payable & Accrued
Expenses | 11 | | Total adjustments | \$
11 | | Net cash provided by operating
activities | \$
1,595,316 | | CASH FLOWS FROM INVESTING
ACTIVITIES | | | Contributions | | | Distributions | (1 ,416,933) | | Net cash used in investing activities | \$ (1 ,416,933) | | Increase in cash | \$
178,383 | | Cash - beginning of year | \$
288,835 | | Cash - end of period | \$
467,218 | {10}------------------------------------------------ ### PACIFIC COAST CAPITAL, LLC Notes to Financial Statements December 31, 2022 ### **Note 1: Organization** Pacific Coast Capital, LLC (the "Company") was organized in the State of Oregon on March 15, 2019. On April 10, 2020, the Company became registered as a broker-dealer under Section 15(b) of The Securities Exchange Act of 1934, a member of the Financial Industry Regulatory Authority ["FINRA"] and the Security Investor Protection Corporation ["SIPC"]. The Company acts primarily as a mergers and acquisitions broker-dealer. The Company does not claim an exemption under Paragraph (k) of SEC Rule 15c3-3. The Company is a Non-Covered firm that relies on Footnote 74 to SEC Release No. 34-70073. The Company does not hold or carry customer funds or securities. ### **Note 2: Summary of Significant Accounting Policies** #### **Basis of Presentation** The accompanying financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America. The Company uses accrual method of accounting. ### **Use of estimates** The preparation of financial statements in conformity with **GAAP** requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements as well as the reported amount of revenues and expenses during the reporting period. Actual results could differ from these estimates. #### **Cash and Cash Equivalents** The Company considers all highly liquid instruments with an original maturity of three months or less when purchased to be cash equivalents. As of December 31 , 2022, the Company had a cash balance of \$467,218. #### **Revenue Recognition** The company receives fees in accordance with terms stipulated in its engagement contracts. Fees are recognized as earned. The Company also receives success fees when transactions are completed. Success fees are recognized when earned, which means the Company has no further continuing obligations and collection is reasonably assured. Retainer fees that are not subject to refund are recognized when received subject to the terms of engagement. {11}------------------------------------------------ ### PACIFIC COAST CAPITAL, LLC Notes to Financial Statements December 31 , 2022 ### **Revenue Recognition (Continued)** ### A. Significant accounting policy Revenue is measured based on a consideration specified in a contract with a customer, and excludes any sales incentives and amounts collected on behalf of third parties. The Company recognizes revenue when it satisfied a performance obligation by transferring control over a product or service to a customer. Taxes and regulatory fees assessed by a government authority or agency that are both imposed on and concurrent with a specified revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. #### B. Nature of services Fees earned: This includes fees earned from affiliated ent1t1es; investment banking fees, M&A advisory; account supervision and investment advisory fees; administrative fees, revenue from research services; rebates from exchanges/ECN and A TS; l 2b-l fees; Mutual fund fees other than concessions or l 2b- l fees; execution service fees; clearing services; fees earned from customer bank sweep into FDIC insured products or from '40Act companies and networking fees from '40 Act companies. C. Changes in Accounting Policy: The Company adopted Topic 606 "Revenue from Contracts with Customers" when **it** was formed. The Company provides advisory services on mergers and acquisitions **(M&A).** Revenue for advisory arrangements is generally recognized at the point in time that perfmmance under the arrangement is completed (the closing date of the transaction) or the contract is cancelled. However, for certain contracts, revenue is recognized over timer for advisory arrangements in which the performance obligations are simultaneously provided by the Company and consumed by the customer. In some circumstances, significant judgment is needed to detennine the timing and measure of progress appropriate for revenue recognition under a specific contract. Retainers and other fees received from customers prior to recognizing revenue are reflected as contract liabilities. At December 31, 2022, the Company maintains that no such contract liabilities existed nor were there any circumstances whereby significant judgement was needed to determine the timing and measure of progress appropriate for revenue recognition under a specific contract. ### **Professional fees** As of December 31, 2022, the Company paid \$18,876 in professional fees, which included legal, accounting, analysis, and consulting services. {12}------------------------------------------------ ### PACIFIC COAST CAPITAL, LLC Notes to Financial Statements December 31, 2022 #### **Note 3: Securities owned** As of the statement of financial condition date the Company does not own any corporate stocks or debt instruments. #### **Note 4: Income taxes** The Company is registered to conduct business in California. For tax purposes the Company is treated like a partnership, therefore in lieu of business income taxes for Federal and State income tax, all income or loss "flows through" to the member's individual income tax returns. However, provisions are made for the State of California's annual minimum tax and LLC fees that are reflected in these financial statements. As the tax obligations are passed through to its members, any audit or review considerations related to Internal Revenue Under section 6501(a) of the Internal Revenue Code (Tax Code) and section 301.6501(a)-l(a) of the Income Tax Regulations (Tax Regulations), the IRS is required to assess tax within 3 years after the tax return was filed with the IRS. Service assessments and statute of limitations thereof are borne by the Company's members. #### **Note 5: Fair Value** The Company adopted Financial Accounting Standards ("SF AS") ASC 820 Measurements and Disclosures, for assets and measured at fair value on a recurring basis. The ASC 820 had no effect on the Company's financial. ASC 820 accomplishes the following key objectives: - Defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; - Establishes a three-level hierarchy (the "Valuation Hierarchy") for fair value measurements; - Requires consideration of the Company's creditworthiness when valuing liabilities; and expands disclosures about instruments measured at fair value. The Valuation Hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. A financial instrument's categorization within the Valuation Hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels of the Valuation Hierarchy and the distribution of the Company's financial assets within it are as follows: Level l - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. {13}------------------------------------------------ ### PACIFIC COAST CAPITAL, LLC Notes to Financial Statements December 31, 2022 ### **Note 5: Fair Value Continued** Level 2 - inputs to the valuation methodology included quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the > asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 - inputs to the valuation methodology are unobservable and significant to the fair value measurement. Certain financial instruments are carried at cost on the statement of financial condition, which approximate fair value due to their short-term highly liquid nature. These instruments include cash and cash equivalents, accounts receivable, accrued expenses and other liabilities and deferred revenue. #### **Note 6: Net capital requirements** Pursuant to the Basic Uniform Net Capital prov1s1ons of the Securities and Exchanges Commission, the Company is required to maintain a minimum net capital, as defined, in such provision. Further, the provisions require that the ratio of aggregate indebtedness, as defined, to net capital shall not exceed 15 to 1. Net capital and the related net capital ratio may fluctuate on a daily basis. At December 31, 2022 the Company had net capital and net capital requirements of \$467,111 and \$5,000 respectively. The Company's aggregate indebtedness to net capital ratio was .0002 to 1 which is less than 15: l. #### **Note** 7: **Related party transactions** During the year ended December 31, 2022, an affiliated company paid expenses on behalf of the Company. Total expenses paid at December 31, 2022 was \$104,960. During the year ended December 3 I, 2022, the Company paid \$10,000 to the affiliated company for these services. #### **Note 8: Subsequent Events** Management has evaluated subsequent events through March 15, 2023, the date which the financial statements were available to be issued. {14}------------------------------------------------ # SUPPLEMENTARY INFORMATION PURSUANT TO RULE 17a-S OF **THE** SECURITIES EXCHANGE ACT OF 1934 {15}------------------------------------------------ ### **Schedule** I ### **PACIFIC COAST CAP IT AL, LLC** # **Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission As of December 31, 2022** | NET CAPITAL | | | |------------------------------------------------------------|-----|---------------| | Total members' equity | | \$467,111 | | Deduct member's equity not allowable for net capital | | | | Total member's equity qualified for net capital | | 467,111 | | Deductions: | | | | Nonallowable assets | | | | Prepaid expenses | | | | | | | | Net capital before haircuts on securities positions | | 467,111 | | Haircuts on securities | | | | | | | | NET CAPITAL | | \$467,111 | | AGGREGATE INDEBTEDNESS | | | | Other payable and accrued expenses, and others | 107 | | | | | 107 | | Total aggregate indebtedness | | \$
107 | | COMPUTATION OF BASIC NET CAPITAL REQUIREMENT | | | | Minimum net capital required: | | 7 | | Minimum dollar required
: | | \$
5,000 | | | | | | Excess net capital | | \$ 462,111 | | Net capital less greater of I 0% of aggregate indebtedness | | | | or 120% of minimum dollar amount | | \$461
,111 | | Ratio: Aggregate indebtedness to net capital | | .0002 to I | {16}------------------------------------------------ # **Schedule** I ### **PACIFIC COAST CAPITAL, LLC** # **Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission As of December 31, 2022** | Net capital, as reported in Company's Part IIA (unaudited) | | |------------------------------------------------------------|------------| | FOCUS report | \$467,111 | | Adjustments: | | | Net capital per above | \$ 467,111 | {17}------------------------------------------------ # **PACIFIC COAST CAPITAL, LLC December 31, 2022** ### **Schedule** II **Determination of Reserve Requirements Under Rule 15c3-3 of the Securities and Exchange Commission** The Company does not claim an exemption under paragraph (k) of 17 C.F.R. 240. 15c3-3. The Company is a Non-Covered firm that relies on Footnote 74 of the SEC Release No. 34-70073 ### **Schedule** III **Information Relating to Possession or Control Requirements Under Rule 15c3•3** The Company does not claim an exemption under paragraph (k) of 17 C.F.R. 240. 15c3-3. The Company is a Non-Covered firm that relies on Footnote 74 of the SEC Release No. 34-70073 {18}------------------------------------------------ ![](_page_18_Picture_0.jpeg) ### *REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM* To the Member Pacific Coast Capital, LLC Lake Oswego, Oregon We have reviewed management's statements, included in the accompanying SEC Rule 15c3-3 Exemption Report, in which (I) Pacific Coast Capital, LLC identified that Pacific Coast Capital, LLC does not claim an exemption under 17 C.F.R. §240. l5c3-3 based on reliance on Footnote 74 of the SEC Release No. 34- 70073 because Pacific Coast Capital, LLC limits its business activities exclusively to receiving transactionbased compensation for merger and acquisition advisory services. (2) Pacific Coast Capital, LLC stated that it did not (I) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customer; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. Pacific Coast Capital, LLC's management is responsible for compliance 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 Pacific Coast Capital, LLC's declaration concerning the provisions set forth in Rule l 5c3-3 under the Securities and Exchange Act of 1934. A review is substantially less in scope than an examination, the objective of wh ich 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 shou ld be made to management's statements referred to above for them to be fa irl y stated, in all material respects, based on reliance on Footnote 74 of the SEC Release No. 34-70073 and in accordance with Rule L5c3-3 under the Securities Exchange Act of 1934. LMHS, P.C. We have served as Pacific Coast Capital, LLC's auditor since 2020. Norwell, Massachusetts March 15, 2023 ![](_page_18_Picture_10.jpeg) {19}------------------------------------------------ #### **PACIFIC COAST CA PIT AL, LLC** #### **EXEMPTION REPORT** December 31, 2022 Pacific Coast Capital, LLC (the "Company") is aregistered broker-dealer subject to Rule l7a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240. l 7a-5, "Reports to be made by ce11ain brokers and dealers"). This Exemption Report was prepared as required by 1 7 C.F.R. § 240.17a-5(d)(l) and (4). To the best ofits knowledge and belief, the Company states the following: - : 111c Company docs not claim an exemption under parngraph (k) of 17 C.F.R. § 240. 15c3-3. - The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to receiving transaction-based compensation for merger and acquisition advisory services. - The Company did not directly or indirectly receive, hold, or otheiwise owe funds or securities for or to customers. - The Company did not cany accounts of or for customers throughout the most recent fiscal year without exception. - **The Company** had no exceptions **under** SEC **Rule l** 5c3-3 throughout **the year ended** December **31,** 2022. Pacific Coast Capital, LLC I, Carl Pinkard, affinn that, to my best knowledge and belief, this Exemption Report is true and conect. Title: Carl Pinkard, CEO March 15, 2023 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.