# MUNDIAL FINANCIAL GROUP, LLC X-17A-5 (2025-07-25) — Broker-dealer annual report - Company: MUNDIAL FINANCIAL GROUP, LLC - Form: X-17A-5 - Filed: 2025-07-25 - Period: 2025-06-30 - Accession: 0002013816-25-000091 - CIK: 1455325 - File #: 8-68154 - Type: Broker-dealer - Material weakness: No - Auditor: Nawrocki Smith LLP - Auditor location: Hauppauge, NY - Contact: Monique Romero - Phone: 212-668-8700 - Email: mromero@acisecure.com - Website: acisecure.com - Signed by: Charles Smulevitz (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1455325/000201381625000091/mundialaudit.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 > ANNUAL REPORTS FORM X-17A-5 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 # sec file number 8-68154 PART III FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 AND ENDING 06/30/25 filing for the period beginning \_07/01/24 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION # NAME OF FIRM: MUNDIAL FINANCIAL GROUP, LLC TYPE OF REGISTRANT (check all applicable boxes): Broker-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.) # 477 MADISON AVENUE, 6TH FLOOR | | | (No. and Street) | | | | |-------------------------------------------------------------------------------------------------|--|------------------------------------------------------------|-----------------------|------------|--| | NEW YORK | | NY | | 10022 | | | (City) | | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | MONIQUE ROMERO (212) 668-8700 | | | mromero@acisecure.com | | | | (Name) | | (Area Code - Telephone Number) | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
NAWROCKI SMITH LLP | | | | | | | 100 MOTOR PARKWAY, SUITE 580 HAUPPAGE | | (Name - if individual, state last, first, and middle name) | NY | 11788 | | | (Address)
March 4, 2009 | | (City) | (State)
3370 | (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 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. {1}------------------------------------------------ ## OATH OR AFFIRMATION | | CHARLES SMULEVITZ | | , swear (or affirm) that, to the best of my knowledge and belief, the | | |------|-------------------|--|-------------------------------------------------------------------------|-------| | | | | financial report pertaining to the firm of MUNDIAL FINANCIAL GROUP, LLC | as of | | 6/30 | | | 025 | | | | | | | | partner, officer, director, or equivalent person, as the case may proprietary interest in any account classified solely as that of a customer. arles Smullivity Title: CFO 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 capible net worth under 17 CFR 240.15c3-1, 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 240.18a-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 tinancial condition. - (u) Independent public accountant's report based on an examination of the 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. - | as applicable. - \_ (y) Report describing any material inadequacies 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)(2), as applicable. {2}------------------------------------------------ Report on Audit of Financial Statements and Supplementary Information As of and for the Year Ended June 30, 2025 {3}------------------------------------------------ ### Contents | Report of Independent Registered Public Accounting Firm | 1 | |-------------------------------------------------------------------------------------------|-----| | Statement of Financial Condition | 2 | | Statement of Operations | 3 | | Statement of Changes in Members' Equity | র্ব | | Statement of Cash Flows | 5 | | Notes to Financial Statements | 6 - | | Supplementary Information | | | Computation of Net Capital Under Rule 15c3-1 of
the Securities and Exchange Commission | 8 | | Other Information | 9 | | Report of Independent Registered Public Accounting Firm | 10 | | Exemption Report Under Rule 15c3-3 of the Securities and Exchange Commission. | 11 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Members of Mundial Financial Group, LLC: ## Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Mundial Financial Group, LLC (the "Company") as of June 30, 2025, the related statements of operations, changes in members' equity, and cash flows for year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Mundial Financial Group, LLC as of June 30, 2025, 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 the Company's management. Our responsibility is to express an opinion on the Company'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 the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") 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 Computation of Net Capital Under Rule 15c3-1 of the SEC and Other Information have been subjected to audit procedures performed in conjunction with the Company's financial statements. The supplemental information is the responsibility of the Company'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 supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as Mundial Financial Group, LLC's auditor since 2022. Hauppauge, New York July 24, 2025 lawocki Smith LLK {5}------------------------------------------------ ### Statement of Financial Condition June 30, 2025 ASSETS | Cash and cash equivalents
Due from clearing firm
Prepaid expenses and other assets | ക | 36,362
14,251
8,891 | |------------------------------------------------------------------------------------------|---|---------------------------| | TOTAL ASSETS | S | 59,504 | | LIABILITIES AND MEMBERS' EQUITY | | | | LIABILITIES:
Accounts payable and accrued expenses | | 13,350 | | TOTAL LIABILITIES | | 13,350 | | MEMBERS' EQUITY | | 46,154 | | TOTAL LIABILITIES AND MEMBERS' EQUITY | S | 59,504 | {6}------------------------------------------------ ### Statement of Operations For the Year Ended June 30, 2025 | REVENUE:
Commission income
Public offering commission
Other income | S
100,840
7,072
1,374 | |-----------------------------------------------------------------------------|--------------------------------| | Total revenue | 109,286 | | OPERATING EXPENSES: | | | Professional fees | 310,900 | | Office and other | 15,498 | | Data services | 9,900 | | Regulatory fees | 19,002 | | Dues and subscriptions | 5,567 | | Clearance charges | 33,897 | | Total operating expenses | 394.764 | | NET LOSS | ക
(285,478) | {7}------------------------------------------------ # Statement of Changes in Members' Equity | MEMBERS' EQUITY, July 1, 2024 | ക | 78,632 | |--------------------------------|---|-----------| | Capital contributions | | 253,000 | | Net loss | | (285.478) | | MEMBERS' EQUITY, June 30, 2025 | | 46.154 | {8}------------------------------------------------ ### Statement of Cash Flows For the Year Ended June 30, 2025 | CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss | ತಿ
(285,478) | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------| | Adjustments to reconcile net loss to net cash used in
operating activities:
Changes in operating assets and liabilities:
Decrease in due from from clearing firm
Decrease in prepaid expenses and other assets
Increase in accounts payable
Net cash used in operating activities | 15,617
55
8,805
(261,001) | | CASH FLOWS FROM FINANCING ACTIVITIES: | | | Capital contributions received | 253,000 | | Net cash provided by financing activities | 253,000 | | Net decrease in cash and cash equivalents | (8,001) | | CASH AND CASH EQUIVALENTS AT JULY 1, 2024 | 44,363 | | CASH AND CASH EQUIVALENTS AT JUNE 30, 2025 | ತಿ
36,362 | {9}------------------------------------------------ #### Notes to Financial Statements For the Year Ended June 30, 2025 #### 1. Organization and Nature of Business Mundial Financial Group. LLC, (the "Company") was increated in the State of California on January 11, 2008. The Company is a registered broker-dealer with the U.S. Securities and Exchange Commission ("SEC"), the Firancial Industry ("FINRA") and the Securities Investor Protection Corporation ("SIPC"). On June 8. 2017 the Company sold 100% of its nembership in Gailel Markets, L.C. which was approved by FINRA. On June 21, 2017 Goog Capital Narkets, LLC, agreed to assign, transfer, and sell a 20% percent ne Kangxi Imperial Holdings LLC. The change in ovnership ocurred outside of the Company. In connection with the charge in owners office was relocated from California to NYC. Revenue generation frist commenced in November 2017 under new ownership. The Company's current sources of revenue are of rom public offerings and the execution of real Itrack it is clearing firm, whereby the Company receives transations. Effective May 1, 2020, Kangxi Innerial Holdings, LLC assigned its antire Murdal ovnership percentage to Compliance and Finop Advisory LLC. Since the Company is a linited liability company, the Menther of the debts, obligations, or liabilities of the Company, whether arising in onliract, tort or otherwise, unless the Members have signed a specific guarantee. #### 2. Summary of Significant Accounting Policies #### a) Basis of Accounting The financial statements are prepared using in accordance with accounting principles generally accepted in the United States of America. #### b) Cash and Cash Equivalents The Company considers all highly liquit investmently of thee months or less when purchased to be cash equivalents. Cash and cash equivalents consist of funds maintained in checking and money market accounts held at financial institutions. The Company's cash and cash equivalents are held institution and at times may exceed federaly insured linits. The Company has placed these funds in a high quality institution in order to minimize risk relating insured limits. #### c) Revenue Recognition - ASC 606 The Company recognizes revenue in accordance with Contracts with Customers ("ASC Topic 606"). The revenue recognition guidane requires that an entity recognize revenue to depict the transer of promised goods or services to customers in an amount that reflects the consideration to which the entity expets to be entilled in exchange for 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 contraction price, (d) allocale the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity salisation. In deternining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant revenue recognized would not occur when the uncertainly associated with the variable consideration is resolved. The Company is in compliance with the new revenue recognition guidance. #### Commissions The Firm buys and sells securities on behalf of its a customer enters into a buy or sell transaction, the Firm charges a commission. Commission revenues are principally generated from customer. Commissions and related clearing expenses are recorded on the trade date (the date the Firm fills the trade order) as securities that the performance obligation is satisfied on the trade date because that is when he underlying financial instrument or purchase is identify is agreed upon and the risks and rewards of the securities have been transferred toffrom the customer. #### Public offering commissions Revenues are also earned through commissions when closings of registered crowdunding offerings take place. Revenue is recognized when transactions close and the Company is paid. There are no retainers or deferrals. | Revenue Stream | Income Statement Classification | | Total Revenue | | |-----------------------------|---------------------------------|-----|---------------|--| | Commissions | Commission Income | S | 100,840 | | | Public offering commissions | Public offering commission | સ્ત | 7.072 | | | Other | Other Income | | 1.374 | | | Total Revenue | | | 109.286 | | #### d) Income Taxes The Company is taxed as a partnership and no provision in the liability for such taxes is that of the members rather than the Company. The Compan's income tax returns are subject to examing authorities and changes, if any, could adjust the individual income tars of the members. The Company is subject to New York City Unincerprated Business Tax at 4% of taxable profits. The Company did not record any New York City Uninororated Business Tax as a result of the net loss for the year ended June 30, 2025. Any deferred tax asset is offset by a full valuation allowance as of June 30, 2025. #### e) Use of Estimates The preparation of financial statements in contines generally accepted in the United States of America requires management to nale estinates and assumptions that affect the reported anounts of asses and liabilities and the displayed of the financial salements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. #### f) Leases The Company complies with the lease accumting Standards Update No. 2016-02, Leases (Topic 842) ("ASC Topic 842"). The Company defines a short-lease as a lease that, at the commencement date, has a lease not contain an option to purchase the underling asset that the lease is reasonably cetain to exacise. The Company elect to recognize short-learn lease process on a straint-line basis over the lease erm. Related variable lease payments are recognized in which the collication is incurred. The Company does not have any lease arreements. Accordingly, there is no impact on the Company's financial statements. {10}------------------------------------------------ #### Notes to Financial Statements For the Year Ended June 30, 2025 #### 2. Summary of Significant Accounting Policies (Continued) #### q) Uncertain Tax Positions The Company has adopted the provisions of Financial Acounting for Uncertainty in Uncertainty in Income Taxes ("Uncertain Tax Positions"). This accurting quidance prescribes that must be met before a tax position is recognized in the francial statements and provides quidance on de-recognition, interest and peralting in interim periods, disclosure and transition. Under Uncertain Tax Positions, an entity may only recognize or continue to recognize tax position than not" threshold. The Company has evaluated its tax position for the year ended June 30, 2025, and does not expect any material adjustments to be made. #### 3. Indemnifications In the normal course of its business, the Company in the providers against specified potential loses in connection with their acting as an agent of, or providing services to, the maximum potential anount of future payments that the Company could be required to make under these indemnifications cannot be estinated. However, that it is unlikely it will have to make material payments under these arrangements and has not recorded any contingent liability in the financial statements for these indemnifications. The Company provides representations and warranties in connection with a variety of commercial transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties. The Company may also protections to protectives to protectives to protections in protectives in them in the event additional taxes are owed or payments a change in or adverse application of certain tax laws. These indemnifications generally are standard contractual terms and are entered into in the maximum potential amount of future payments that the Company could be required to make under these indem in the Company believes that it is unlikely it will have to make naterial payments under these arrangements and has not recorded any contingent liability in the financial statements for these indemnifications #### 4. Net Capital Requirement The Company is subject to the Securities and Exchange Copital Rule (1553-1), which requires the maintenance of minimum net capital and that the ratio of aggregale indebtedness to net capital, both in the first year of operations, and 1500% in every year thereafter. At June 30, 2025, the Company had net capital of \$35,951 which was \$30,951 in excess of is required net capital of \$5,000. The Company's aggregate indebtedness to net capital ratio was 37.13% at June 30, 2025. #### 5. Subsequent Events The Company has evaluated events and transactions that occurred between July 1, 2025, which is the date the financial statements were available to be issued, for possible disclosure. #### 6. Going Concern The Company is subject to risks and uncertainties that anounts reported in the Company's financial statement in future periods. The Company has operated with recurring bsses and related negating cash flows, and is expected to have operating losses for the foreseable future. At June 30, 2025, the Company's cash balance was \$36,362. Management has additional funding will be necessary and remains committed to contributing capital for the foreseeble future to ensure net capital complance is maily company's lead investors has formally committed to providing and liquidity for the Company's business operations for June 30, 2025. Should additional funding not be able to continue as a going concern. No adjustments to the accompanying financial statements have been recorded as a result of this uncertainty. #### 7. Related Party Transactions The Company made morthly payments to Compliance and FINCP Advisory Group, for consulting fees paid to the Company's CEO. The Company paid a total of \$84,000 in fees for the year ended June 30, 2025 and is reported under Professional Fees in the Statement of Operations #### 8. Seament Reporting The Company follows ASC 280, Segment Reportion of ASU 2020-07), which requires companies to disclose segment data based on how naragement makes decisions about allocating resources to segments and evaluating performance The Company contucts its business advilies and results as a single reportable segment. Using the maragement approach, qualitative and quantitative criteria established by ASC 200, the Company has determined it has a single reportable Maker ("CODM") makes decisions about allocaling resources and assessing performance in a manner consistent with the way the company of an their financial results, using net income that income statement as net income. There are no reconcling items to the income statement. The messurenent of segment assets is reported on the lassets . The CODM uses nel income to evaluate income generated from segment assess (relurn on assets in deciding whether to reinest rroller age services segment or into other parts of the entity, such as to pay distributions to the Parent. The Company's CODM is the CEO. All of the Company's cused in the United States. The Company derived 99% of its revenue from one client. The nature of business and acounting policies of the brokerage segment are the same as described in the organization and nature of significant accounting policies. {11}------------------------------------------------ #### Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission June 30, 2025 | MEMBERS' EQUITY | ತಿ | 46.154 | |-------------------------------------------------------------------------------------------------------------------|----|--------------------| | LESS: NON-ALLOWABLE ASSETS AND HAIRCUTS
Non-allowable assets:
Prepaid expenses and other assets
Haircuts | | (8,891)
(1,311) | | NET CAPITAL | ಕಾ | 35,951 | | AGGREGATE INDEBTEDNESS ("AI"):
Accounts payable | ക | 13,350 | | COMPUTATION OF MINIMUM NET CAPITAL
Statutory minimum net capital required | ತಿ | 5,000 | | One fifteenth of aggregate indebtedness | S | 890 | | Minimum net capital, the greater of the statutory minimum or one fifteenth of AI | S | 5,000 | | Excess net capital | S | 30,951 | | Excess net capital less greater of 10% of aggregate
indebtedness or 120% of the minimum dollar amount required | ತಿ | 29,951 | | Percentage of aggregate indebtedness to net capital | | 37.13% | There are no material differences between the preceding computation and the Company's corresponding unaudited Part IIA of Form X-17A-5 as of June 30, 2025. {12}------------------------------------------------ Other Information For the Year Ended June 30, 2025 COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION The Company operates under the exemptive provisions of SEC Rule 15c3-3 paragraph (k)(2)(ii). #### INFORMATION RELATING TO POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION The Company operates under the exemptive provisions of paragraph (k)(2)(ii) of SEC Rule 15c3-3 and did not maintain possession or control of any customer funds or securities as of June 30, 2025. See Report of Independent Registered Public Accounting Firm {13}------------------------------------------------ ![](_page_13_Picture_0.jpeg) ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Members of Mundial Financial Group, LLC: We have reviewed management's statements, included in the accompanying Exemption Report, in which (1) Mundial Financial Group, LLC (the "Company") identified the following provisions of 17 C.F.R. §15c3-3(k) under which Mundial Financial Group, LLC claimed the exemption from 17 C.F.R. §240.15c3-3: (k)(2)(ii) (the "exemption provisions") and (2) Mundial Financial Group, LLC stated that Mundial Financial Group, LLC met the identified exemption provisions throughout the most recent fiscal year without exception. The Company is also filing this Exemption Report because the Company's other business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. §240.17a-5 are limited to (1) commissions earned on public offerings. In addition, the Company did not directly receive, hold, or otherwise owe funds or securities for or to customers; did not carry accounts of or for customers; and did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. The Company'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 the Company'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 paragraph (k)(2)(ii) of Rule 15c3-3 under the Securities Exchange Act of 1934 and the Company's other business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. §240.17a-5, and the related SEC Staff Frequently Asked Questions. Hauppauge, New York July 24, 2025 Nawocki Smith LLP {14}------------------------------------------------ Exemption Report Securities and Exchange Commission 100 First Street, NE Washington, D.C. 20549 To whom it may concern: Mundial Financial Group, 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) The Company claimed an exemption from 17 C.F.R. § 240.15c3-3 under the following provisions of 17 C.F.R. § 240.15c3-3 (k)(2)(ii) for the year ended June 30, 2025. - a. All of the customer transactions are cleared through the following broker-dealer(s) on a fully disclosed basis: Interactive Brokers LLC (2) The Company met the identified exemption provisions in Paragraph (k)(2)(ii) of Rule 1503-3 throughout the year ended June 30, 2025 without exception. (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 to receiving revenue only from public offering commissions, and because the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; (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. I, Charles Smulevitz \_, swear (or affirm) that, to my best knowledge and belief, we did not identify any exceptions to this exemption during this period. arles Smuller Title: CEO Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.