# STRONG CAPITAL MARKETS, LLC X-17A-5 (2023-03-30) — Broker-dealer annual report

- Company: STRONG CAPITAL MARKETS, LLC
- Form: X-17A-5
- Filed: 2023-03-30
- Period: 2022-12-31
- Accession: 0001869014-23-000007
- CIK: 1869014
- File #: 8-70746
- Type: Broker-dealer
- Material weakness: No
- Auditor: Michael Coglianese CPA
- Auditor location: Bloomingdale, IL
- Contact: Gordon Armstrong
- Phone: 475-477-9601
- Email: gordon.armstrong@strongcapitalmarkets.com
- Website: strongcapitalmarkets.com
- Signed by: Gordon Armstrong (President)

Original filing: https://www.sec.gov/Archives/edgar/data/1869014/000186901423000007/scmpublic.pdf

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# STRONG CAPITAL MARKETS, LLC

## STATEMENT OF FINANCIAL CONDITION

FOR THE PERIOD MARCH 2, 2022 (COMMENCEMENT OF OPERATIONS) THROUGH DECEMBER 31, 2022

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UNITED STATES OMB APPROVAL OMB Number: 3235-0123 SECURITIES AND EXCHANGE COMMISSION Expires: Oct. 31, 2023 Washington, D.C. 20549 Estimated average burden hours per response: 12 ANNUAL REPORTS SEC FILE NUMBER FORM X-17A-5 8-70746 PART III FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 03/02/2022 12/31/2022 and ending FILING FOR THE PERIOD BEGINNING MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: Strong Capital Markets, LLC TYPE OF REGISTRANT (check all applicable boxes): @ Broker-dealer □ Security-based swap dealer □ Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 1266 East Main Street (No. and Street) Stamford CT 06902 (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING Gordon Armstrong 475-477-9601 gordon.armstrong@strongcapitalmarkets.com (Name) (Area Code - Telephone Number) (Email Address) B. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* Michael Coglianese CPA, P.C. (Name - if individual, state last, first, and middle name) 125 E. Lake Street, Ste 303 Bloomingdale 11 60108 (Address) (City) (State) (Zip Code) 10-20-2009 3874 (Date of Registration with PCAOB)(if applicable) (PCAOB Registration Number, if applicable) FOR OFFICIAL USE ONLY \* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17

CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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#### OATH OR AFFIRMATION

Gordon Armstrong 1. \_ swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Strong Capital Markets LLC as of

December 31 \_\_ 2 022 \_\_ is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer.

![](_page_2_Figure_3.jpeg)

| Signature;          |  |
|---------------------|--|
| Title:<br>President |  |

Notary Public

#### This filing \*\* contains (check all applicable boxes):

- (a) Statement of financial condition.
- = (b) Notes to consolidated statement of financial condition.
- □ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X).
- [ (d) Statement of cash flows.
- [ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity.
- [ (f) Statement of changes in liabilities subordinated to claims of creditors.
- □ (g) Notes to consolidated financial statements.
- □ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable.
- [ (i) Computation of tangible net worth under 17 CFR 240.18a-2.
- □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
- □ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable.
- [ (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3.
- □ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3.
- □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable.
- □ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist.
- □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition.
- = (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable.
- □ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- [ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- (t) Independent public accountant's report based on an examination of the statement of financial condition.
- □ (u) Independent public accountant's report based on an examination of the financial 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.
- □ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- □ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable.
- O (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, on a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k).
- □ (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.

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# STRONG CAPITAL MARKETS, LLC

#### FOR THE PERIOD MARCH 2, 2022 (COMMENCEMENT OF OPERATIONS) THROUGH DECEMBER 31, 2022

#### TABLE OF CONTENTS

#### Report of Independent Registered Public Accounting Firm

| Financial Statements                 |  |
|--------------------------------------|--|
| Statement of Financial Condition<br> |  |
| Notes to the Financial Statement     |  |

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![](_page_4_Picture_0.jpeg)

Bloomingdale | Chicago

#### Report of Independent Registered Public Accounting Firm

To the Members of Strong Capital Markets, LLC

#### Opinion on the Financial Statement

We have audited the accompanying statement of financial condition of Strong Capital Markets, LLC as of December 31, 2022, and the related notes (collectively referred to as the financial statement). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of Strong Capital Markets, LLC as of December 31, 2022 in conformity with accounting principles generally accepted in the United States of America.

#### Basis for Opinion

This financial statement is the responsibility of Strong Capital Markets, LLC's management. Our responsibility is to express an opinion on Strong Capital Markets, LLC'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 Strong Capital Markets, 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 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.

We have served as Strong Capital Markets, LLC's auditor since 2022.

Bloomingdale, IL March 27, 2023

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# STRONG CAPITAL MARKETS, LLC

## STATEMENT OF FINANCIAL CONDITION FOR THE PERIOD MARCH 2, 2022 (COMMENCEMENT OF OPERATIONS) THROUGH DECEMBER 31, 2022

#### ASSETS

| Cash<br>Accounts receivable<br>Prepaid expenses<br>Other assets | ಕ್ಕಿ | 52,340<br>8,376<br>3,029<br>1,065 |
|-----------------------------------------------------------------|------|-----------------------------------|
| Total assets                                                    | ಕಿ   | 64,810                            |
| LIABILITIES AND MEMBER'S EQUITY<br>Liabilities:                 |      |                                   |
| Accounts payable and accrued expenses                           | ಕ್ಕಿ | 9,945                             |
| Total liabilities                                               |      | 9,945                             |
| Member's equity                                                 |      | 54,865                            |
| Total liabilities and member's equity                           | ಕ್ಕಾ | 64,810                            |

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### STRONG CAPITAL MARKETS, LLC NOTES TO THE FINANCIAL STATEMENT FOR THE PERIOD MARCH 2, 2022 (COMMENCEMENT OF OPERATIONS) THROUGH DECEMBER 31, 2022

#### 1. ORGANIZATION AND DESCRIPTION OF BUSINESS

Strong Capital Markets, LLC (the "Company") is wholly-owned by Strong Capital Holdings Company, LLC (the "Member"). The Company was organized on March 2, 2021 as a Delaware limited liability company and is registered to do business in Connecticut as a foreign limited liability company. The Company is a registered broker-dealer under the Securities Exchange Act of 1934 and is a member of both the Financial Industry Regulatory Authority, Inc. ("FINRA") and the Securities Investors Protection ("SIPC") as of March 2, 2022. The operating agreement provides for the limited liability company to exist in perpetuity. The member's limit on liability is based on the relevant state law. The Company renders financial advisory services to selected clients with respect to capital raising, private placements, business restructurings and other financial services.

The Firm 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 Firm has represented that it does not and will not, (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not and will not carry accounts of or for customers and (3) does not and will not carry PAB accounts. The firm's business activities are, and will remain as described below.

#### 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 ("U.S. GAAP").

#### Use of estimates

The preparation of financial statements in conformity with U.S. GAAP, 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

#### Revenue recognition

In accordance with ASU No. 2014-09, "Revenue from Contracts with Customers" ("ASC Topic 606") revenues from contracts with customers is recognized when, or as, the Company satisfies its performance obligations by transferring the promised services to the customers. A service is transferred to a customer when, or as, the customer obtains control of that service. A performance obligation may be satisfied at a point in time or over time. Revenue from a performance obligation satisfied at a point in time is recognized at the point in time that the Company determines the customer obtains control over the promised service. Revenue from a performance obligation satisfied over time is recognized by measuring the Company's progress in satisfying the performance obligation in a manner that depicts the transfer of the services to the customer.

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## STRONG CAPITAL MARKETS, LLC NOTES TO THE FINANCIAL STATEMENT FOR THE PERIOD MARCH 2, 2022 (COMMENCEMENT OF OPERATIONS) THROUGH DECEMBER 31, 2022

#### 4. NET CAPITAL REQUIREMENTS

The Company is subject to the uniform net capital requirements of Rule 15c3-1 ("The Rule") of the Securities and Exchange Act, as amended, which requires the Company to maintain, at all times, sufficient liquid assets to cover indebtedness. In accordance with the Rule, the Company is required to maintain defined minimum net capital of the greater of \$5,000 or 12 1/2% of aggregate indebtedness.

At December 31, 2022, the Company had net capital, of \$45,395, which exceeded the required minimum net capital of \$5,000 by \$40,395. Aggregate indebtedness at December 31, 2022 totaled \$9,945. The Company's percentage of aggregate indebtedness to net capital was 21.91%.

It is the intention of the member to continue to support and operate the Company for the twelve-month period from the date that these financial statements are issued and contribute the necessary capital to maintain the operations, fund its ongoing expenses and meet the net capital requirements of the SEC's Uniform Net Capital Rule.

#### 5. SUBSEQUENT EVENTS

Management of the Company has evaluated events and transactions that have occurred through March 27, 2023, the date these financial statements were available to be issued and determined that there are no material events that would require disclosures in the Company's financial statements.


Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.