# EDGAR Filing Document

**Accession Number:** 0001638005
**File Stem:** 0001638005-25-000006
**Filing Date:** 2025-9
**Character Count:** 13619
**Document Hash:** c3efec3c3e4ada51150cdd48172bd3c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001638005-25-000006.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0001638005-25-000006

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20251222

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INSTITUTIONAL BOND NETWORK, LLC
- **CENTRAL INDEX KEY:** 0001638005

**ORGANIZATION NAME:**
- **EIN:** 451641918
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-01994
- **FILM NUMBER:** 251592233

**BUSINESS ADDRESS:**
- **STREET 1:** 463 PENNSFIELD PLACE, SUITE 201
- **CITY:** THOUSAND OAKS
- **STATE:** CA
- **ZIP:** 91360
- **BUSINESS PHONE:** (913) 269-1615

**MAIL ADDRESS:**
- **STREET 1:** 463 PENNSFIELD PLACE, SUITE 201
- **CITY:** THOUSAND OAKS
- **STATE:** CA
- **ZIP:** 91360

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

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0001638005

**Filer CCC:** XXXXXXXX

**Contact Name:** Erik Hagge

**Contact Phone:** 805-277-4738

**Contact Email:** ehagge@ibnbonds.com

**Notification Emails:** ehagge@ibnbonds.com, wcostenbader@ibnbonds.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** INSTITUTIONAL BOND NETWORK, LLC

**&nbsp;&nbsp;&nbsp;Organization CRD No.:** 187515

**&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?:** Yes

**C. IRS Employer Identification Number:** 45-1641918

**D. Registrations:**

- **Municipal Advisor:** SEC File No: 867-01994

- **Broker-Dealer:** SEC File No: 008-69609, CRD No: 187515

**E. Principal Office and Place of Business:** 463 PENNSFIELD PLACE, SUITE 201, THOUSAND OAKS, CA, 91360

**Telephone Number:** 805-277-4738

**Additional Offices of Employment:**

- **Office #1 (NewAdd):** 100 South 4th Street, Suite 550, St. Louis, MO, 63102 | Phone: 816-841-9384

- **Office #2 (NewAdd):** 824 Highland Avenue, Orlando, FL, 32803 | Phone: 407-807-0967

- **Office #3 (NewAdd):**  | Phone: 000-000-0000

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

**F. Website:** www.ibnbonds.com

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

**Name:** Catherine Marian Clark

**Phone Number:** 913-269-1615

**Email:** cclark@ibnbonds.com

**H. Business Affiliates:**

- **Name:** IBN Asset Management, LLC

  - **Issuing Agency:** Securities & Exchange Commission

  - **Jurisdiction:** 

**I. Location of Books and Records:** Yes

### Item 2: Form of Organization

**A. Applicant's form of organization:** Limited Liability Company (LLC)

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

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

**D. Date of Organization:** 01-27-2025

**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:** 21

**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:** 5

**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:** 145

**&nbsp;&nbsp;&nbsp;Types of Clients:** Municipal Entities, Non-profit organizations

**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:** 
Local government investment pools
Hospitals
Colleges
Other
, Local government investment pools, Hospitals, Colleges, Other

**I. Compensation Arrangements (Municipal Advisory):** 
Other
, Other

**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 Investment Of Proceeds MS, Advice ME Other Investments

### Item 5: Other Business Activities

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

**Is applicant engaged in any other non-municipal advisor business?** Yes

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

**Types of associated persons:** Investment Adviser, Investment Adviser

**Total Associated Persons:** 1

### 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?:** Yes

- **Buy or sell municipal securities from or to third-parties on behalf of clients?:** Yes

- **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?:** Yes

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

- **Recommend broker-dealers to clients?:** Yes

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

- **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?:** No

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

- **SEC/CFTC Entered Order?:** No

- **SEC/CFTC Imposed Civil Penalty?:** No

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

- **SRO Found Violation?:** No

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

- **SRO Barred/Suspended/Fined > $2,500?:** No

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

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

- **Foreign Authority Found Violation?:** No

- **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?** No

### Schedule A: Direct Owners and Executive Officers

| Name                    | Title/Status                                               | Date Acquired   | Ownership Code            | Control Person?   |   CRD Number |
|:---|:---|:---|:---|:---|---:|
| David Wayne Emminger    | Managing Partner                                           | 03-21-2011      | C - 25% but less than 50% | Yes               |      1431937 |
| Erik Nicholas Hagge     | Senior Partner/Muni Principal/POO/Chief Compliance Officer | 03-21-2011      | C - 25% but less than 50% | Yes               |      3244703 |
| Jeffrey Lee Pope        | Muni Principal/Head Trade Desk                             | 01-08-2016      | NA - less than 5%         | No                |      1268740 |
| Patrick William Sweeney | Owner                                                      | 12-01-2019      | B - 10% but less than 25% | Yes               |      1350182 |
| Martin John Dickinson   | Owner                                                      | 12-01-2019      | B - 10% but less than 25% | Yes               |      1353810 |
| Robert Craig Gilman     | FINOP/CFO/PFO                                              | 05-01-2021      | NA - less than 5%         | No                |      1738412 |
| Christopher Roy O'Mara  | Proprietary Trader                                         | 02-20-2021      | NA - less than 5%         | Yes               |      1657262 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| NewAdd | Direct      |  | Acton Stroia Family Trust | Trust                                | 03-01-2025      | NA - less than 5%                                       | No                | 51-3899839   |  |
| Delete | Direct      |  | David Wayne Emminger      | Managing Partner                     | 03-21-2011      | B - 10% but less than 25%                               | Yes               |  | 1431937      |
| Amend  | Direct      |  | Erik Nicholas Hagge       | Senior Partner/Muni Principal        | 03-21-2011      | C - 25% but less than 50%                               | Yes               |  | 3244703      |
| Delete | Direct      |  | Jeffrey Lee Pope          | Muni Principal/Head Trade Desk       | 01-08-2016      | NA - less than 5%                                       | No                |  | 1268740      |
|  | Direct      |  | Patrick William Sweeney   | Owner                                | 12-01-2019      | B - 10% but less than 25%                               | Yes               |  | 1350182      |
|  | Direct      |  | Martin John Dickinson     | Owner                                | 12-01-2019      | B - 10% but less than 25%                               | Yes               |  | 1353810      |
| Amend  | Direct      |  | Robert Craig Gilman       | FINOP/CFO/PFO/POO                    | 05-01-2021      | NA - less than 5%                                       | No                |  | 1738412      |
|  | Direct      |  | Christopher Roy O'Mara    | Proprietary Trader                   | 02-20-2021      | NA - less than 5%                                       | Yes               |  | 1657262      |
| NewAdd | Direct      |  | Catherine Marian Clark    | Chief Compliance Officer             | 09-01-2024      | NA - less than 5%                                       | Yes               |  | 4384961      |
| NewAdd | Direct      |  | Christopher John Natale   | Managing Member & Proprietary Trader | 06-01-2023      | B - 10% but less than 25%                               | Yes               |  | 4870483      |
| NewAdd | Direct      |  | Gary Louis Knippa         | Investor                             | 12-01-2019      | NA - less than 5%                                       | No                |  | 8167504      |
| NewAdd | Direct      |  | Gregory Scott Matheny     | Investor                             | 12-01-2019      | NA - less than 5%                                       | No                |  | 8167208      |
| NewAdd | Direct      |  | Hoan-Vu Tran Nguyen       | Investor                             | 02-28-2025      | NA - less than 5%                                       | No                |  | 8163339      |
| NewAdd | Direct      |  | William Eugene Ruffier    | Investor                             | 12-01-2019      | NA - less than 5%                                       | No                |  | 8167148      |
| NewAdd | Indirect    | Acton Stroia Family Trust | Brian Leonard Acton       | Co-Trustee                           | 06-01-2021      | F - Other (general partner, trustee, or elected member) | Yes               |  | 8167174      |
| NewAdd | Indirect    | Acton Stroia Family Trust | Sharon Marie Stroia       | Co-Trustee                           | 06-01-2021      | F - Other (general partner, trustee, or elected member) | Yes               |  | 8168236      |

### Execution Page

**Signature:** Cathy M. Clark

**Signer Name:** Cathy M. Clark

**Title:** Chief Compliance Officer

**Date:** 09-29-2025

**CRD Number:** 4384961