# EDGAR Filing Document

**Accession Number:** 0001146341
**File Stem:** 0001146341-23-000002
**Filing Date:** 2023-2
**Character Count:** 9991
**Document Hash:** b5de188f19455f6d0762995b9a1c3942
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001146341-23-000002.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001146341-23-000002

**CONFORMED SUBMISSION TYPE**: X-17A-5

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**EFFECTIVENESS DATE**: 20230227

**PERIOD START**: 20220101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EA MARKETS SECURITIES LLC
- **CENTRAL INDEX KEY:** 0001146341
- **IRS NUMBER:** 943358717
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-53722
- **FILM NUMBER:** 23673244

**BUSINESS ADDRESS:**
- **STREET 1:** 263 TRESSER BOULEVARD
- **STREET 2:** 9TH FLOOR
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** 917-838-8553

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 125
- **STREET 2:** 24TH FLOOR
- **CITY:** BRIDGEWATER
- **STATE:** CT
- **ZIP:** 06752

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HOWLAND SECURITIES LLC
- **DATE OF NAME CHANGE:** 20070110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ENABLE CAPITAL LLC                                      /BD
- **DATE OF NAME CHANGE:** 20020215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ENABLE CAPITAL, LLC
- **DATE OF NAME CHANGE:** 20020215

### Attached PDF Documents

**Attachment 1:** `eams2022public2.pdf`

MARCUM
ACCOUNTANTS & ADVISORS

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Members
of EA Markets Securities LLC

# Opinion on the Financial Statement

We have audited the accompanying statement of financial condition of EA Markets Securities LLC (the “Company”) as of December 31, 2022 and the related notes (collectively referred to as the “financial statement”). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2022 in conformity with accounting principles generally accepted in the United States of America.

# Basis for Opinion

This financial statement is the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statement 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 Securities and Exchange Commission 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 statement is free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statement, 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 statement. 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 statement. We believe that our audit provides a reasonable basis for our opinion.

We have served as the Company’s auditor since 2018.

Deerfield, IL
February 22, 2023

Marcum LLP • Nine Parkway North • Suite 200 • Deerfield, Illinois 60015 • Phone 847.282.6300 • Fax 847.282.6301 • www.marcumllp.com

# **EA Markets Securities LLC**  
**Statement of Financial Condition**  
**December 31, 2022**

# **Assets**

| Cash | $ | 501,288 |
| --- | --- | --- |
| Other Assets |  | 1,552 |
| Total assets | $ | 502,840 |

# **Liabilities and Members' Equity**

# **Liabilities**

| Accounts payable and accrued expenses | $ | 34,875 |
| --- | --- | --- |

# **Members' equity**

| Members' equity |  | 467,965 |
| --- | --- | --- |
| Total liabilities and members' equity | $ | 502,840 |

*The accompanying notes are an integral part of this financial statement.*

# **EA Markets Securities LLC**  
**Notes to Statement of Financial Condition**  
**December 31, 2022**

# **Note 1: GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

# *General*

EA Markets Securities LLC (the 'Company') is a New York limited liability company headquartered in Connecticut. The Company is a registered broker-dealer in securities under the Securities and Exchange Act of 1934, a member of the Financial Industry Regulatory Authority ('FINRA'), and the Securities Investor Protection Corporation ('SIPC').

The Company is engaged in business as a securities broker-dealer that provides several classes of services including advisory services, private placement of securities and firm commitment underwriting.

# *Summary of Significant Accounting Policies*

# *Use of Estimates*

The presentation 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 disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

# *Accounts Receivable*

The Company reviews the balance of accounts receivable outstanding at year end to determine if any are potentially uncollectible. At December 31, 2022, the Company had no receivables due.

# *Income Taxes*

The Company is a limited liability company and all taxable income or loss flows to its members. No provision or liability for Federal income taxes is included in these financial statements. The Company is subject to certain state taxes and therefore a tax provision may be included in these financial statements.

# **Note 2: RELATED PARTY TRANSACTIONS**

The Company and its affiliate through common ownership, EA Markets LLC, share personnel, administrative expenses, and office space. All costs incurred for such shared expenses are paid by

# **EA Markets Securities LLC**  
**Notes to Statement of Financial Condition**  
**December 31, 2022**

the affiliate and reimbursed by the Company in accordance with an administrative services agreement. As of December 31, 2022, the Company owed $8,000 to EA Markets LLC, which is included in accounts payable and accrued expenses on the statement of financial condition.

The Company’s expense for registered representatives is based on a discretionary compensation allocation. These amounts are remitted to the affiliate which is responsible for paying the registered representatives.

It is possible that the terms of certain of the related party transactions are not the same as those that would result for transactions among wholly unrelated parties.

# **Note 3: COMMITMENTS AND CONTINGENCIES**

# *Litigation*

From time to time, the Company may be involved in ordinary routine litigation incidental to its business. Currently, there are no litigations against the Company.

During the normal course of business, the Company is subject to routine examinations by regulatory authorities. Currently, there are no outstanding examinations by regulatory authorities.

# *Cash Concentration*

The Company maintains its cash balances with two financial institutions which, at times, may exceed insured limits. The Company has not experienced any losses due to these limits.

# **Note 4: NET CAPITAL REQUIREMENTS**

The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Rule 15c3-1 also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. At December 31, 2022, the Company had net capital of $466,413 which was $366,413 in excess of its required net capital of $100,000; and the Company's ratio of aggregate indebtedness to net capital was 0.07 to 1.

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

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0001146341

**Filer CCC:** XXXXXXXX

**Is this a LIVE or TEST filing?:** LIVE

**Would you like a Return Copy?:** Yes

### Submission Information

**Report Period Begin Date:** 01-01-2022

**Report Period End Date:** 12-31-2022

**Type of Registrant:** Broker-dealer

**Any material weaknesses identified?:** No

### Registrant Identification

**Name of Broker-Dealer:** EA MARKETS SECURITIES LLC

**Business Address:** 263 TRESSER BOULEVARD, 9TH FLOOR, STAMFORD, CT, 06901

**Contact Person:** Joe Hoban

**Contact Phone:** 646-415-6143

### Independent Public Accountant Identification

**Accountant Name:** Marcum LLP

**Accountant Address:** 9 Parkway North, Suite 200, Deerfield, IL, 60015

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Joe Hoban**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **EA MARKETS SECURITIES LLC**, as of **12-31-2022**, are true and correct.

**Signature:** Joe Hoban

**Title:** CFO

**Notarized:** Yes