# EDGAR Filing Document

**Accession Number:** 0000877538
**File Stem:** 0000877538-26-000003
**Filing Date:** 2026-1
**Character Count:** 14601
**Document Hash:** aea1691e8b4a78e1cb63530f17d4615a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000877538-26-000003.hdr.sgml**: 20260206

**ACCESSION NUMBER**: 0000877538-26-000003

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** L.J. HART & Co
- **CENTRAL INDEX KEY:** 0000877538

**ORGANIZATION NAME:**
- **EIN:** 431592723
- **STATE OF INCORPORATION:** MO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-01126
- **FILM NUMBER:** 26608241

**BUSINESS ADDRESS:**
- **STREET 1:** 8000 FORSYTH BLVD
- **CITY:** ST. LOUIS
- **STATE:** MO
- **ZIP:** 63105
- **BUSINESS PHONE:** (636) 537-9939

**MAIL ADDRESS:**
- **STREET 1:** 8000 FORSYTH BLVD
- **STREET 2:** CLHART
- **CITY:** ST. LOUIS
- **STATE:** MO
- **ZIP:** 63105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** L.J. HART & Co
- **DATE OF NAME CHANGE:** 20250331

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** L.J. HART AND COMPANY
- **DATE OF NAME CHANGE:** 20021203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HART L J & CO                                           /BD
- **DATE OF NAME CHANGE:** 19990407

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0000877538

**Filer CCC:** XXXXXXXX

**Contact Name:** Carri Baum

**Contact Phone:** 636-730-2174

**Contact Email:** carri.baum@commercebank.com

**Notification Emails:** kimberly.bao@commercebank.com, tpisarkiewicz@ljhartco.com, carri.baum@commercebank.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** L.J. HART & Co

**&nbsp;&nbsp;&nbsp;Organization CRD No.:** 28867

**&nbsp;&nbsp;&nbsp;Is applicant a Sole Proprietor?:** No

**&nbsp;&nbsp;&nbsp;Has the municipal legal name changed since the last filing?:** No

**&nbsp;&nbsp;&nbsp;Has the applicant had any previous DBA names?:** No

**&nbsp;&nbsp;&nbsp;Does the applicant have any additional DBA names?:** No

**C. IRS Employer Identification Number:** 43-1592723

**D. Registrations:**

- **Municipal Advisor (Temporary):** SEC File No: 866-01376-00

- **Municipal Advisor:** SEC File No: 867-01126

- **Broker-Dealer:** SEC File No: 008-43976, CRD No: 28867

**E. Principal Office and Place of Business:** 8000 Forsyth Blvd, CLHART, St. Louis, MO, 63105

**Telephone Number:** 636-537-9939

**Mailing Address is Different from Principal Office:** No

**F. Website:** www.ljhartco.com

**G. Chief Compliance Officer (CCO):**

**Name:** Joseph Steven Reece

**Address:** 1000 Walnut Street, Third Floor, Kansas City, MO, 64106

**Phone Number:** 816-234-8635

**Email:** joe.reece@commercebank.com

**H. Business Affiliates:**

- **Name:** COMMERCE BANCSHARES, INC.

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

- **Name:** COMMERCE BANK

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

- **Name:** COMMERCE BROKERAGE SERVICE, INC.

  - **Issuing Agency:** FINRA

  - **Jurisdiction:** 

- **Name:** COMMERCE INVESTMENT ADVISORS, INC.

  - **Issuing Agency:** FINRA

  - **Jurisdiction:** 

**I. Location of Books and Records:** No

### Item 2: Form of Organization

**A. Applicant's form of organization:** Corporation

**B. Month of Applicant's Annual Fiscal Year End:** December

**C. State, Other U.S. Jurisdiction, or Foreign Jurisdiction Under Which Applicant is Organized:** MO

**D. Date of Organization:** 11-12-1991

**E. Is the applicant a public reporting company?:** No

### Item 3: Successions

**Is the applicant succeeding to the business of a registered municipal advisor?** No

### Item 4: Information About Applicant's Business

**A. Number of Employees:** 18

**B. Municipal Advisory Activities - Employees:** 10

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 10

**&nbsp;&nbsp;&nbsp;MAA Employees also associated with an investment adviser:** 0

**D. Public Relations Company?:** No

**E. Soliciting on Behalf of an Affiliate - Number of firms:** 0

**F. Types of Clients - Number of clients served as municipal advisor:** 4

**&nbsp;&nbsp;&nbsp;Types of Clients:** Municipal Entities

**G. Solicitation of Municipal Entities and Obligated Persons - Municipal Entities:** 0

**&nbsp;&nbsp;&nbsp;Obligated Persons:** 0

**&nbsp;&nbsp;&nbsp;Total Solicited:** 0

**H. Types of Persons Solicited:** 
Not Applicable
, Not Applicable

**I. Compensation Arrangements (Municipal Advisory):** 
Fixed Fees
Contingent Fees
, Fixed Fees, Contingent Fees

**J. Compensation Arrangements (Solicitation):** 
Not Applicable
, Not Applicable

**K. Does the applicant receive compensation in the context of its municipal advisory business from other than its municipal entity or obligated person clients?:** No

**L. Applicant Business Relating to Municipal Securities:** Advice Insurance Of MS, Advice Investment Of Proceeds MS, Advice ME Investments, Other

### Item 5: Other Business Activities

- **Broker-Dealer:** Actively Engaged: Yes, Primary Business: Yes

**Is applicant engaged in any other non-municipal advisor business?** No

### Item 6: Financial Industry and Other Activities of Associated Persons

**Types of associated persons:** Broker-dealer municipal securities dealer or government securities broker or dealer, Investment Adviser, Banking/Thrift institution, Trust Company, Banking/Thrift institution, Investment Adviser, Broker-dealer municipal securities dealer or government securities broker or dealer, Banking/Thrift institution, Trust Company

**Total Associated Persons:** 4

### Item 7: Participation or Interest in Client Transactions

- **Buy or sell municipal securities from or to municipal advisory clients for the firm's own account?:** No

- **Buy or sell municipal securities from or to third-parties on behalf of clients?:** No

- **Enter into derivatives transactions with clients for the firm's own account?:** No

- **Recommend to clients to buy/sell securities in which the firm has a financial interest?:** No

- **Recommend to clients products/services of an affiliated person?:** No

- **Recommend to clients securities of an issuer with which the firm has other relationships?:** No

- **Have discretionary authority to buy/sell municipal securities for clients?:** No

- **Have discretionary authority to buy/sell any other securities or investments for clients?:** No

- **Have discretionary authority to determine the broker-dealer to be used for client transactions?:** No

- **Have discretionary authority to determine the commission paid to a broker-dealer?:** No

- **Recommend broker-dealers to clients?:** No

- **&nbsp;&nbsp;&nbsp;If yes, are any of these broker-dealers an associated person of the applicant?:** —

- **Compensate any person for client referrals?:** No

- **Receive compensation from any person for client referrals?:** No

### Item 8: Owners, Officers, and Other Control Persons

**A. (2) Does any person not named in Item 1-A or Schedules A, B, or C, directly or indirectly, control the applicant's management or policies?** No

**B. (1) Is any person in Schedule A, B, or C, or in Section 8-A of Schedule D a public reporting company?** No

### Item 9: Disclosure Information

**Criminal Disclosure:**

- **Applicant/Advisory Affiliate Convicted/Pled Guilty to Felony?:** No

- **Applicant/Advisory Affiliate Charged with Felony?:** No

- **Organization Convicted/Pled Guilty to Felony?:** No

- **Organization Charged with Felony?:** No

**Regulatory Disclosure:**

- **SEC/CFTC Found False Statement?:** No

- **SEC/CFTC Found Violation?:** Yes

- **SEC/CFTC Found Cause of Denial/Suspension?:** No

- **SEC/CFTC Entered Order?:** Yes

- **SEC/CFTC Imposed Civil Penalty?:** Yes

- **SRO Found Unethical Conduct?:** No

- **SRO Found Violation?:** Yes

- **SRO Found Cause of Denial/Suspension?:** No

- **SRO Barred/Suspended/Fined > $2,500?:** Yes

- **SRO Denied/Suspended/Revoked Registration?:** No

- **Foreign Authority Found False Statement?:** No

- **Foreign Authority Found Violation?:** Yes

- **Foreign Authority Found Cause of Suspension?:** No

- **Foreign Authority Disciplined?:** No

- **Authorization to Act as Attorney/Accountant Revoked?:** No

- **Subject of a Regulatory Complaint?:** No

**Civil Disclosure:**

- **Enjoined in Connection with Municipal Advisory Activity?:** No

- **Found to Have Violated Regulations?:** No

- **Civil Proceeding Dismissed Pursuant to Settlement?:** No

- **Named in Civil Proceeding Alleging Violation?:** No

### Item 10: Small Businesses

**Does the applicant have annual receipts of less than $7,000,000?** Yes

**Is the applicant affiliated with a person that has annual receipts of more than $7,000,000?** Yes

### Schedule A: Direct Owners and Executive Officers

| Name                     | Title/Status                                            | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Commerce Bank            | Sole Stockholder                                        | 06-01-2023      | E - 75% or more   | Yes               | 48-0962626   |  |
| Thomas John Pisarkiewicz | President/CEO/CFO/Principal Financial Officer/Treasurer | 06-01-2023      | NA - less than 5% | Yes               |  | 5173363      |
| Erik Andrew Swanson      | Executive Vice President                                | 06-01-2023      | NA - less than 5% | Yes               |  | 4170204      |
| Joseph Steven Reece      | Vice President/Chief Compliance Officer                 | 06-01-2023      | NA - less than 5% | No                |  | 2227282      |
| Thomas Darin Harmon      | Chairman                                                | 03-08-2024      | NA - less than 5% | Yes               |  | 7787415      |
| Margaret McShane Rowe    | Corporate Secretary/General Counsel                     | 06-01-2023      | NA - less than 5% | No                |  | 7576973      |

### Schedule B: Indirect Owners

| Owning Entity   | Name                     | Title/Status   | Date Acquired   | Ownership Code   | Control Person?   | IRS Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Commerce Bank   | Commerce Bancshares, Inc | Sole Owner     | 06-01-2023      | E - 75% or more  | Yes               | 43-0889454   |

### Schedule C: Amendments to Schedules A and B

| Type   | Ownership   | Owning Entity   | Name                     | Title/Status                                            | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Direct      |  | Commerce Bank            | Sole Stockholder                                        | 06-01-2023      | E - 75% or more   | Yes               | 48-0962626   |  |
|  | Indirect    | Commerce Bank   | Commerce Bancshares, Inc | Sole Owner                                              | 06-01-2023      | E - 75% or more   | Yes               | 43-0889454   |  |
|  | Direct      |  | Thomas John Pisarkiewicz | President/CEO/CFO/Principal Financial Officer/Treasurer | 06-01-2023      | NA - less than 5% | Yes               |  | 5173363      |
|  | Direct      |  | Erik Andrew Swanson      | Executive Vice President                                | 06-01-2023      | NA - less than 5% | Yes               |  | 4170204      |
|  | Direct      |  | Joseph Steven Reece      | Vice President/Chief Compliance Officer                 | 06-01-2023      | NA - less than 5% | No                |  | 2227282      |
|  | Direct      |  | Thomas Darin Harmon      | Chairman                                                | 03-08-2024      | NA - less than 5% | Yes               |  | 7787415      |
|  | Direct      |  | Margaret McShane Rowe    | Corporate Secretary/General Counsel                     | 06-01-2023      | NA - less than 5% | No                |  | 7576973      |

### Disclosure Reporting Pages (DRPs)

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for L.J. Hart & Company

- **CRD Number:** 28867

- **Disclosure Number:** 1641463

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5)**

- **Filed On (Applicant):** Form ADV/BD/U4 for L.J. Hart & Company

- **CRD Number:** 28867

- **Disclosure Number:** 1786683

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for L.J. Hart & Company

- **CRD Number:** 28867

- **Disclosure Number:** 1887506

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for L.J. Hart & Company

- **CRD Number:** 28867

- **Disclosure Number:** 323592

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 17140

  - **Filed On (AP):** Form ADV/BD/U4 for Commerce Brokerage Services, Inc.

  - **Disclosure Number:** 679624

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 17140

  - **Filed On (AP):** Form ADV/BD/U4 for Commerce Brokerage Services, Inc.

  - **Disclosure Number:** 120932

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 17140

  - **Filed On (AP):** Form ADV/BD/U4 for Commerce Brokerage Services, Inc.

  - **Disclosure Number:** 307695

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 17140

  - **Filed On (AP):** Form ADV/BD/U4 for Commerce Brokerage Services, Inc.

  - **Disclosure Number:** 1434265

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 17140

  - **Filed On (AP):** Form ADV/BD/U4 for Commerce Brokerage Services, Inc.

  - **Disclosure Number:** 1736849

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 17140

  - **Filed On (AP):** Form ADV/BD/U4 for Commerce Brokerage Services, Inc.

  - **Disclosure Number:** 2371369

### Execution Page

**Signature:** Thomas J. Pisarkiewicz

**Signer Name:** Thomas J. Pisarkiewicz

**Title:** President

**Date:** 01-26-2026

**CRD Number:** 5173363