# EDGAR Filing Document

**Accession Number:** 0000831157
**File Stem:** 0000831157-23-000001
**Filing Date:** 2023-1
**Character Count:** 13606
**Document Hash:** 976fbc722c5c7bdd5a41ff96d20d9274
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000831157-23-000001.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0000831157-23-000001

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230201

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MULTI-BANK SECURITIES, INC.
- **CENTRAL INDEX KEY:** 0000831157
- **IRS NUMBER:** 382781895
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-01446
- **FILM NUMBER:** 23575700

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 TOWN CENTER #2300
- **STREET 2:** SUITE 1350
- **CITY:** SOUTHFIELD
- **STATE:** MI
- **ZIP:** 48075
- **BUSINESS PHONE:** 248-291-1100

**MAIL ADDRESS:**
- **STREET 1:** 1000 TOWN CENTER #2300
- **STREET 2:** SUITE 1350
- **CITY:** SOUTHFIELD
- **STATE:** MI
- **ZIP:** 48075

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MULTI BANK SECURITIES INC                               /BD
- **DATE OF NAME CHANGE:** 20020205

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

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0000831157

**Filer CCC:** XXXXXXXX

**Contact Name:** Merlin Elsner

**Contact Phone:** 248-291-1053

**Contact Email:** melsner@mbssecurities.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** MULTI-BANK SECURITIES, INC.

**&nbsp;&nbsp;&nbsp;Organization CRD No.:** 22098

**&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:** 38-2781895

**D. Registrations:**

- **Municipal Advisor (Temporary):** SEC File No: 866-01573-00

- **Municipal Advisor:** SEC File No: 867-01446

- **Broker-Dealer:** SEC File No: 008-39547, CRD No: 22098

**E. Principal Office and Place of Business:** 1000 TOWN CENTER, Suite 2300, SOUTHFIELD, MI, 48075

**Telephone Number:** 248-291-1053

**Additional Offices of Employment:**

- **Office #1 (Add):** 2400 East Commercial BLVD, Suite 1000, Ft Lauderdale, FL, 33308 | Phone: 954-351-6930

- **Office #2 (Add):** 3535 Roswell Road, Suite 62, Marietta, GA, 30062 | Phone: 248-291-1053

- **Office #3 (Add):** 10 S. Riverside Plaza, Suite 875, Chicago, IL, 60606 | Phone: 248-291-1053

- **Office #4 (Add):** 300 Interpace Parkway MorrisCorp Center1, 3rd Floor, MBS Suite, Parsippany, NJ, 07054 | Phone: 800-967-9081

- **Office #5 (Add):** 1811-A Highway 281 N. Suite 1, Suite 111, Marble Falls, TX, 78654 | Phone: 248-291-1053

**Mailing Address is Different from Principal Office:** Yes

**Mailing Address:** 1000 TOWN CENTER, Suite 2300, SOUTHFIELD, MI, 48075

**F. Website:** http://www.mbssecurities.com

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

**Name:** Merlin Auberon Elsner

**Address:** 1000 Town Center, Suite 2300, Southfield, MI, 48075

**Phone Number:** 248-291-1053

**Email:** melsner@mbssecurities.com

**H. Business Affiliates:**

- **Name:** Multi-Bank Services, LTD.

**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:** MI

**D. Date of Organization:** 08-17-1987

**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:** 116

**B. Municipal Advisory Activities - Employees:** 39

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 39

**&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:** 0

**&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):** 
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

### 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

**Total Associated Persons:** 0

### 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?:** Yes

- **Recommend to clients products/services of an affiliated person?:** Yes

- **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?:** 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?:** Yes

- **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?** No

**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?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Multi-Bank Services LTD.  | Parent Company           | 08-17-1987      | E - 75% or more   | Yes               | 38-2584711   |  |
| Merlin Auberon Elsner     | Chief Compliance Officer | 08-01-2009      | NA - less than 5% | Yes               |  | 5593423      |
| David Thomas Maccagnone   | Chief Executive Officer  | 12-01-1988      | NA - less than 5% | Yes               |  | 811479       |
| Michael Stephen Karsner   | Chief Financial Officer  | 07-01-2012      | NA - less than 5% | Yes               |  | 5751851      |
| Jeffery Thomas Maccagnone | President/Secretary      | 07-01-2012      | NA - less than 5% | Yes               |  | 2077369      |
| Michael Wayne Drews       | Vice Chairman            | 07-01-2012      | NA - less than 5% | Yes               |  | 1664216      |

### Schedule B: Indirect Owners

| Owning Entity             | Name                      | Title/Status        | Date Acquired   | Ownership Code                                          | Control Person?   |
|:---|:---|:---|:---|:---|:---|
| Multi-Bank Services, LTD. | David Thomas Maccagnone   | CEO/President       | 02-01-1987      | D - 50% but less than 75%                               | Yes               |
| Multi-Bank Services, LTD. | Michael Wayne Drews       | DIRECTOR            | 07-01-2012      | F - Other (general partner, trustee, or elected member) | Yes               |
| Multi-Bank Services, LTD. | Jeffery Thomas Maccagnone | SECRETARY/TREASURER | 07-01-2012      | F - Other (general partner, trustee, or elected member) | Yes               |

### 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      |  | Multi-Bank Services LTD.  | Parent Company           | 08-17-1987      | E - 75% or more                                         | Yes               | 38-2584711   |  |
|  | Direct      |  | Merlin Auberon Elsner     | Chief Compliance Officer | 08-01-2009      | NA - less than 5%                                       | Yes               |  | 5593423      |
|  | Direct      |  | David Thomas Maccagnone   | Chief Executive Officer  | 12-01-1988      | NA - less than 5%                                       | Yes               |  | 811479       |
|  | Direct      |  | Michael Stephen Karsner   | Chief Financial Officer  | 07-01-2012      | NA - less than 5%                                       | Yes               |  | 5751851      |
|  | Direct      |  | Jeffery Thomas Maccagnone | President/Secretary      | 07-01-2012      | NA - less than 5%                                       | Yes               |  | 2077369      |
|  | Direct      |  | Michael Wayne Drews       | Vice Chairman            | 07-01-2012      | NA - less than 5%                                       | Yes               |  | 1664216      |
|  | Indirect    | Multi-Bank Services, LTD. | David Thomas Maccagnone   | CEO/President            | 02-01-1987      | D - 50% but less than 75%                               | Yes               |  | 811479       |
|  | Indirect    | Multi-Bank Services, LTD. | Michael Wayne Drews       | DIRECTOR                 | 07-01-2012      | F - Other (general partner, trustee, or elected member) | Yes               |  | 1664216      |
|  | Indirect    | Multi-Bank Services, LTD. | Jeffery Thomas Maccagnone | SECRETARY/TREASURER      | 07-01-2012      | F - Other (general partner, trustee, or elected member) | Yes               |  | 2077369      |

### Disclosure Reporting Pages (DRPs)

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

- **Filed On (Applicant):** Form ADV/BD/U4 for Multi-Bank Securities, Inc.

- **CRD Number:** 22098

- **Disclosure Number:** 1929423

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

- **Filed On (Applicant):** Form ADV/BD/U4 for Multi-Bank Securities, Inc.

- **CRD Number:** 22098

- **Disclosure Number:** 1770256

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

- **Filed On (Applicant):** Form ADV/BD/U4 for Multi-Bank Securities, Inc.

- **CRD Number:** 22098

- **Disclosure Number:** 229737

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

- **Filed On (Applicant):** Form ADV/BD/U4 for Multi-Bank Securities, Inc.

- **CRD Number:** 22098

- **Disclosure Number:** 122037

### Execution Page

**Signature:** Merlin Elsner

**Signer Name:** Merlin Elsner

**Title:** Chief Compliance Officer

**Date:** 01-30-2023