# CV SECURITIES LLC X-17A-5 (2024-02-13) — Broker-dealer annual report - Company: CV SECURITIES LLC - Form: X-17A-5 - Filed: 2024-02-13 - Period: 2023-12-31 - Accession: 0001961253-24-000002 - CIK: 1961253 - File #: 8-71038 - Type: Broker-dealer - Material weakness: No - Auditor: Goldman & Company, CPA's, P.C. - Auditor location: Marietta, GA - Contact: Michael S. Marr - Phone: 704-634-0095 - Email: mmarr@creovalo.com - Website: creovalo.com - Signed by: Michael S. Marr (Chief Financial Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1961253/000196125324000002/FormX_2.pdf --- {0}------------------------------------------------ #### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 # **ANNUAL REPORTS FORM X-17A-5 PART III** | | SEC FILE NUMBER | |--|-----------------| | | | 8-71038 **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 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ AND ENDING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ MM/DD/YY MM/DD/YY **A. REGISTRANT IDENTIFICATION** NAME OF FIRM: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ TYPE OF REGISTRANT (check all applicable boxes): ☐ Broker-dealer ☐ Security-based swap dealer ☐ 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.) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (No. and Street) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (Name) (Area Code – Telephone Number) (Email Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (Name – if individual, state last, first, and middle name) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (Address) (City) (State) (Zip Code) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (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 be covered by the reports of an independent public September 11, 2023 December 31, 2023 CV Securities LLC ■ 810 N. Tumbleweed Trail Austin Texas 78733 Michael S. Marr 704-634-0095 mmarr@creovalo.com Goldman & Company, CPA's, P.C. 3535 Roswell Road, Suite 32 Marietta GA 30062 June 25, 2009 1952 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.** {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | Michael S. Marr
I, ___________________________________________, swear (or affirm) that, to the best of my knowledge and belief, the | | | | | |------------------------------------------------------------------------------------------------------------------------------------------|----------------|-------------------|--|--| | financial
report pertaining to the firm of ____________________________________________________________, as of | | CV Securities LLC | | | | February 13
______________________________, 2_____, is true and correct. I further swear (or affirm) that neither the company nor any | XX 024
023 | | | | 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_1_Picture_3.jpeg) | Signature:
__________________________________________ | | |-----------------------------------------------------------------------|--| | Title: | | | __________________________________________
Chief Financial Officer | | \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Newport News, VA Notarized remotely online using communication technology via Proof. #### **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. Notary Public - ☐ (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. - ☐ (l) 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-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. - ☐ (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. - ☐ (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). - ☐ (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}------------------------------------------------ Audited Financial Statements and Accompanying Information For the Period September 11, 2023 (date of FINRA Approval) to December 31, 2023 {3}------------------------------------------------ ## **CV SECURITIES LLC INDEX FOR FINANCIAL STATEMENTS FOR THE PERIOD SEPTEMBER 11, 2023 (DATE OF FINRA APPROVAL) TO DECEMBER 31, 2023** | | Page # | |---------------------------------------------------------|--------| | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1 | | STATEMENT OF FINANCIAL CONDITION | 2 | | STATEMENT OF OPERATIONS | 3 | | STATEMENT OF CHANGES IN MEMBER'S EQUITY | 4 | | STATEMENT OF CASH FLOWS | 5 | | NOTES TO FINANCIAL STATEMENTS | 6 | | | Schedule | Page # | |-------------------------------------------------------------------------------------------------------------------------------------------------|----------|--------| | COMPUTATION OF NET CAPITAL UNDER RULE 15c13-1
(Pursuant to Rule 15c3-1 of the Securities and Exchange Act of
1934) | I | 9 | | COMPUTATION
FOR
DETERMINATION
OF
RESERVE | | | | REQUIRMENT UNDER RULE 15c3-3 OF THE SECURITIES
AND EXCHANGE COMMISSION | II | 10 | | INFORMATION
RELATING
TO
THE
POSSESSION
OR
CONTROL REQUIREMENTS UNDER RULE 15c3-3 OF THE
SECURITIES AND EXCHANGE COMMISSION | III | 11 | | INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM'S
REPORT ON EXEMPTION | | 12 | | EXEMPTION REPORT | | 13 | {4}------------------------------------------------ {5}------------------------------------------------ #### **Statement of Financial Condition** #### **As of December 31, 2023** #### **Assets** | | December 31,
2023 | |-----------------------------------------------------------------------------------|---------------------------------| | Cash and cash equivalents
Prepaid expenses
Other assets | \$
130,318
875
128 | | Total assets | \$
131,321 | | | Liabilities | | Accounts payable and accrued expenses
Due to CreoValo LLC
Total liabilities | \$
6,829
12,207
19,036 | | | Equity | | Member's equity | 112,285 | | Total liabilities and member's equity | \$
131,321 | {6}------------------------------------------------ #### **Statement of Operations** #### **For the period beginning September 11, 2023 (date of FINRA Approval) to December 31, 2023** | | September 11, 2023
(date of FINRA approval)
thru December 31, 2023 | | |---------------------------------------|--------------------------------------------------------------------------|----------| | Revenues | | | | Referral Fee Income | \$ | 219,268 | | Total revenues | | 219,268 | | Expenses | | | | Registered representative commissions | | 196,805 | | Consulting | | 420 | | Bank Charges | | 15 | | Contract labor | | 34,801 | | Insurance | | 458 | | Legal & professional services | | 1,000 | | Office supplies & software | | 186 | | FINRA regulatory fees | | 2,078 | | SIPC regulatory fees | | 329 | | Shared expenses | | | | Shared technology costs | | 3,554 | | Shared consulting | | 8,653 | | Total Shared Expenses | | 12,207 | | State taxes & licenses | | | | Total expenses | | 248,299 | | Net income (loss) | \$ | (29,031) | {7}------------------------------------------------ #### **Statement of Changes in Member's Equity** **For the period beginning September 11, 2023 (date of FINRA Approval) to December 31, 2023** | Balance September 11, 2023 (date of FINRA Approval) | \$
141,316 | |-----------------------------------------------------|----------------| | Net loss | \$
(29,031) | | | | | Balance December 31, 2023 | \$
112,285 | | | | {8}------------------------------------------------ ## **CV Securities LLC Statement of Cash Flows For the period beginning September 11 (date of FINRA Approval to December 31, 2023** | | | September 11, 2023
(Date of FINRA approval)-
December 31, 2023 | | |-------------------------------------------------------------------------------------|----|----------------------------------------------------------------------|--| | Cash flows from operating activities | | | | | Net income (loss) | \$ | (29,031) | | | Adjustments to reconcile net income (loss) to net cash provided by operations: | | | | | Decrease in prepaid expenses | | 458 | | | Decrease in other assets | | 278 | | | Decrease in accounts payable and accrued expenses | | (3,242) | | | Increase in accounts payable and accrued expenses | | 6,500 | | | Increase in due to CreoValo LLC | | 12,207 | | | Total adjustments to reconcile net income (loss)to net cash provided by operations: | | 16,201 | | | Net cash used by operating activities | | (12,830) | | | Cash flows from financing activities | | | | | Net cash provided by financing activities | | - | | | Net cash increase (decrease) for period | | (12,830) | | | Cash and cash equivalents at beginning of period | | 143,148 | | | Cash and cash equivalents at end of period | \$ | 130,318 | | {9}------------------------------------------------ #### **Notes to Financial Statements** #### **For the period beginning September 11 (date of FINRA Approval to December 31, 2023** ### **Note 1 - Nature of operations** CV Securities LLC (the "Company") is a Texas limited liability company formed on August 17, 2022. The Company is wholly owned by CreoValo LLC., a Texas limited liability company ("Parent"). The Company is registered with the Securities and Exchange Commission ("SEC") as a broker-dealer ("BD") and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company is also a member of the Securities Investor Protection Corporation ("SIPC"). Accordingly, the accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America as applicable to brokers and dealers in securities. FINRA authorized the Company to commence business effective September 11, 2023. ### **Note 2 - Summary of significant accounting policies** **Basis of Accounting**-The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States ("GAAP") as determined by the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC"). The Company is evaluating new accounting standards and will implement as required. ### **Cash and Cash Equivalents** For purposes of the statement of cash flows, the Company considers all highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. #### **Use of estimates in the preparation of financial statements** The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. #### **Risks and Uncertainties** The Company places its cash and cash equivalents on deposit with a national financial institution. The balance at the financial institution is insured by the Federal Deposit Insurance Corporation ("FDIC") up to \$250,000. #### **Revenue Recognition** The Company implements ASU 2014-09, collectively known as ASC 606, that requires that an entity recognize revenue upon 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. {10}------------------------------------------------ #### **CV Securities LLC Notes to Financial Statements** ## **For the period beginning September 11 (date of FINRA Approval to December 31, 2023** Revenue for advisory arrangements and referral fees is generally recognized at the point in time that performance under the arrangement is completed (the closing date of the transaction) or the contract is cancelled. However, for certain contracts, revenue is recognized over time for advisory arrangements in which the performance obligations are simultaneously provided by the Company and consumed by the customer. The Company's primary activity is to introduce businesses and their owners (each a "Business" and collectively the "Businesses") that may have an interest in in a potential merger, acquisition, divestiture, recapitalization or other transaction or funding (each a "Transaction") to a network of investment banks that have each entered into a referral agreement with the Company. The Business is not a client of the Company. The Business does not enter into an engagement or similar agreement with the Company and the Business does not pay the Company for any investment banking or other services. The Business has no obligation to choose an investment bank introduced by the Company. The Business unilaterally determines whether it is beneficial to engage an investment bank to assist, which investment bank to engage and is responsible for negotiating the terms of such engagement (if any). Prior to an introduction, the Business acknowledges that the Company will earn a fee ("Fee") if: (i) the Business engages an investment bank introduced by the Company, and (ii) there is a closed Transaction. The investment bank pays the applicable Fee to the Company. The Company recognizes the Fee when notified by the investment bank that the Transaction has closed. In some circumstances significant judgement is needed to determine 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 deferred revenue on the Statement of Financial Condition. There were no deferred revenues for 2023. #### **Income Taxes** The Company has elected to be treated as a limited liability company for state and federal income tax reporting purposes and is a wholly-owned subsidiary of Parent. As such, substantially all of the Company's income and loss is reported by Parent and is not subject to income tax. Accordingly, no provision for income taxes is provided in the financial statements. The Company has adopted the provisions of FASB Accounting Standards Codification 740-10, *Accounting for Uncertainty in Income Taxes*. Under FASB ASC 740-10, the Company is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines the respective position. A tax position includes an entity's status and the decision not to file a return. The Company has evaluated each of its tax positions and has determined that it has no uncertain tax positions for which a provision or liability for income taxes is necessary. #### **Note 3 - Net Capital Requirements** The Company is subject to the Securities and Exchange Commission's Uniform Net Capital Rule 15c3-1, which requires the maintenance of minimum net capital of \$5,000 and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Rule 15c3-1 further requires that equity capital may not be withdrawn, or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. The net capital and net capital ratio as of December 31, 2023 were: Net capital \$111,282; Excess Net Capital \$106,282 Net capital ratio (ratio of indebtedness to capital) 0.1711 to 1 {11}------------------------------------------------ #### **Notes to Financial Statements** #### **For the period beginning September 11 (date of FINRA Approval to December 31, 2023** #### **Note 4 - Part I, Form X-17a-5:** The most recent annual report of the Company is available for examination and copying at the office of the Company and at the Atlanta Regional Office of the Securities and Exchange Commission. #### **Note 5 - Related Party Transactions** Effective September 1, 2023, the Company entered into an Expense Sharing Agreement ("ESA") with the Parent pursuant to which the Company was allocated certain consulting fees and technology costs (collectively "Fees") in the total amount of \$12,207, which were paid by Parent and payable by the Company as of December 31, 2023. In addition, the Company reimbursed Foro Holdings, Inc. ("FH") for certain consulting fees paid in error by FH on behalf of Company in the total amount of \$3990 of which \$3570 is accounts payable as of September 10, 2023 and \$420 is consulting expenses. The Company's CEO is the Chairman of the Board of Directors and a shareholder of FH. Other than as disclosed above, no other significant related party transactions were incurred. #### **Note 6 - Subsequent Events** Events that occur after the statement of financial condition date but before the financial statements are available to be issued must be evaluated for recognition or disclosure. The effect of subsequent events that provide evidence about conditions that existed at the statement of financial conditions date are recognized in the accompanying statements. Subsequent events which provide evidence about conditions that existed after the statement of financial condition date require disclosure in the accompanying notes. The Company has evaluated subsequent events through February 13, 2024, in connection with the preparation of these financial statements which is the date the financial statements were available to be issued. #### **Note 7 - Concentrations** The Company's revenue is from one (1) referral engagement. #### **Note 8 Going Concern** The Company sustained a net loss for the current period and negative cash flow from operations. However, it is the intent of ownership and management to fund operations to meet current obligations and net capital requirements through capital contributions or increased revenue. {12}------------------------------------------------ ## **Schedule I** ## **CV Securities LLC For the period Beginning September 11, 2023 (date of FINRA Approval) to December 31, 2023 Computation of Net Capital and Net Capital Ratio under Rule 15c3-1 of the Securities and Exchange Act of 1934** | Equity from Statement of Financial Condition | \$
112,285 | |--------------------------------------------------------------------------------------------|----------------| | Plus:
Non-cash adjustments to Net Capital | \$
- | | Less:
Nonallowable assets and miscellaneous capital charges | (1,003) | | Net Capital | \$
111,282 | | Aggregate indebtedness | \$
19,036 | | Minimum net capital required (the greater of \$5000 or
6 2/3% of aggregate indebtedness | \$
5,000 | | Net Capital excess of minimum requirements | \$
106,282 | | Ratio of aggregate indebtedness to net capital | 0.1711
to 1 | The accompanying notes are an integral part of these statements. There is no material difference in the above computation and the Company's net capital reported in the Company's net capital as reported in the Company's amended Part IIA (unaudited) FOCUS Reports as of December 31, 2023. {13}------------------------------------------------ ### **Schedule II** ## **CV Securities LLC For the period Beginning September 11, 2023 (date of FINRA Approval) to December 31, 2023 Computation for Determination of Reserve Requirements under Rule 15c3-3 of the Securities and Exchange Commission** The Company does not claim an exemption under Rule 15c3-3 in reliance on Footnote 74 of the SEC Release No. 34-70073 and as discussed in Q8 of the related FAQ issued by the SEC Staff. The Company does not hold customer funds or cash. {14}------------------------------------------------ ### **Schedule III** ## **CV Securities LLC For the period Beginning September 11, 2023 (date of FINRA Approval) to December 31, 2022 Information Relating to the Possession or Control Requirements under Rule 15c3-3 of the Securities and Exchange Commission** The Company does not claim an exemption under Rule 15c3-3 in reliance on Footnote 74 of the SEC Release No. 34-70073 and as discussed in Q8 of the related FAQ issued by the SEC staff. The Company does not hold customer funds or securities. {15}------------------------------------------------ {16}------------------------------------------------ ## **CV Securities LLC Exemption Report** **CV Securities LLC** (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-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)(1) and (4). To the best of its knowledge and belief, the Company states the following: - (1) As set forth in Article B. (2) of the Company's Membership Agreement, the Company does not claim an exemption under 17 C.F.R. § 240.15c3-3, and - (2) 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 and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Company limits its business activities to: (1) effecting securities transactions via subscriptions; (2) receiving transaction-based compensation for identifying potential merger and acquisition opportunities for clients, referring securities transactions to other broker-dealers, or providing technology or platform services; and (3) participating in distributions of securities (other than firm commitment underwritings) in accordance with the requirements of paragraphs (a) or (b)(2) of Rule 15c2- 4; and the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company); (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the period September 11, 2023 (date of FINRA approval) through December 31, 2023 without exception. #### **CV Securities LLC** I, Michael S. Marr, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. By: Name: Michael S. Marr Title: Financial and Operations Principal Officer January 10, 2024 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.