Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 239

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 239
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 to deposit additional collateral, or reduce positions, when necessary. These transactions may expose the Company to significant off-balance sheet risk in the event margin requirements are not sufficient to fully cover losses which the customers may incur. In the event the customers fail to satisfy their obligations to the clearing broker, the Company may be required to compensate the clearing broker for losses incurred on behalf of the customers. The Company, through its clearing broker, seeks to control the risk associated with its customers’ activities by requiring customers to maintain margin collateral in compliance with various regulatory and internal guidelines. As of December 31, 2023 and 2022, management of the Company had not been notified by any clearing brokers, nor were they otherwise aware of any potential losses relating to this indemnification.

| 15. | RELATED-PARTY TRANSACTIONS |

Certain of the Company’s subsidiaries earn revenue from entities that are controlled by a principal member of the Company as well as from entities controlled or by individuals that are members or officers of the Company. The revenue earned by the subsidiaries and amounts due to or due from these affiliated entities as of and for the years ended December 31, 2023 and 2022 are as follows (in thousands):

| ​          
 ​          
 Subsidiary | ​ 
 ​ | ​       
 Revenue 
 2023    |     ​ | ​ | ​    
 2022 |     ​ | ​ 
 ​ | ​                 
 Due from/(Due to) 
 2023              |    ​ | ​ | ​    
 2022 | ​ |
|:-----------|:--|:--------|------:|:--|:-----|------:|:--|:------------------|-----:|:--|:-----|:--|
| PKSI       | ​ | $       |     — | ​ | $    |     8 | ​ | $                 |    — | ​ | $    | — |
| CLS        | ​ |         | 1,000 | ​ |      | 1,491 | ​ |                   | -0.1 | ​ |      | — |
| WEG        | ​ |         |     — | ​ |      | 4,123 | ​ |                   |    — | ​ |      | — |
| Total      | ​ | $       | 1,000 | ​ | $    | 5,622 | ​ | $                 | -0.1 | ​ | $    | — |

The revenue amounts and amounts due to