# EDGAR Filing Document

**Accession Number:** 0001612223
**File Stem:** 0001612223-25-000012
**Filing Date:** 2025-12
**Character Count:** 11151
**Document Hash:** 29657c0bec27d0dab79a214cabd1568e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001612223-25-000012.hdr.sgml**: 20260114

**ACCESSION NUMBER**: 0001612223-25-000012

**CONFORMED SUBMISSION TYPE**: MA/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20260114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Public Resources Advisory Group, Inc.
- **CENTRAL INDEX KEY:** 0001612223

**ORGANIZATION NAME:**
- **EIN:** 133266119
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-00146
- **FILM NUMBER:** 26533104

**BUSINESS ADDRESS:**
- **STREET 1:** 39 BROADWAY
- **STREET 2:** SUITE 1210
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10006
- **BUSINESS PHONE:** 212-566-7800

**MAIL ADDRESS:**
- **STREET 1:** 39 BROADWAY
- **STREET 2:** SUITE 1210
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10006

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

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0001612223

**Filer CCC:** XXXXXXXX

**Contact Name:** Marianne Edmonds

**Contact Phone:** 8138984198

**Contact Email:** medmonds@pragadvisors.com

**Notification Emails:** medmonds@pragadvisors.com

### Type of Filing

**Selected Filing Type:** Amendment

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** Public Resources Advisory Group, Inc.

**&nbsp;&nbsp;&nbsp;Organization CRD No.:** 113338

**&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:** 13-3266119

**D. Registrations:**

- **Municipal Advisor (Temporary):** SEC File No: 866-00075-00

- **Municipal Advisor:** SEC File No: 867-00146

- **SEC-Registered Investment Adviser:** CRD No: 113338

**E. Principal Office and Place of Business:** 39 BROADWAY, SUITE 1115, NEW YORK, NY, 10006

**Telephone Number:** 212-566-7800

**Additional Offices of Employment:**

- **Office #1 (Add):** 11500 West Olympic Boulevard, Suite 400, Los Angeles, CA, 90064 | Phone: 310-477-8487

- **Office #2 (Add):** 1999 Harrison Street, Suite 1800, Oakland, CA, 94612 | Phone: 510-339-3212

- **Office #3 (Add):** 10W Front Street, Suite 3R, MEDIA, PA, 19063 | Phone: 610-565-5990

- **Office #4 (Add):** 2002 N Lois Avenue, Suite 120, Tampa, FL, 33607 | Phone: 727-822-3339

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

**F. Website:** WWW.PRAGADVISORS.COM

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

**Name:** Marianne NMN Edmonds

**Titles:** Senior Managing Director

**Address:** 2002 N. Lois Avenue, Suite 120, Tampa, FL, 33607

**Phone Number:** 727-822-3339

**Email:** medmonds@pragadvisors.com

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

### 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:** NY

**D. Date of Organization:** 05-01-1985

**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:** 33

**B. Municipal Advisory Activities - Employees:** 33

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 0

**&nbsp;&nbsp;&nbsp;MAA Employees also associated with an investment adviser:** 10

**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:** 139

**&nbsp;&nbsp;&nbsp;Types of Clients:** Municipal Entities, Non-profit organizations, Corporations or other businesses

**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):** 
Hourly Charges
Fixed Fees
Contingent Fees
, Hourly Charges, 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?:** Yes

**L. Applicant Business Relating to Municipal Securities:** Advice Insurance Of MS, Advice Investment Of Proceeds MS, Advice ME Investments, Advice ME Other Investments, Advice Guaranteed IC, Advice Use Of MD, Advice On Selection, Other

### Item 5: Other Business Activities

- **Investment Advisor:** Actively Engaged: Yes, Primary Business: —

**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:** Real estate broker or dealer, Real estate broker or dealer

**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?:** 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?:** Yes

- **&nbsp;&nbsp;&nbsp;If yes, are any of these broker-dealers an associated person of the applicant?:** No

- **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?:** 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?** 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?   |   CRD Number |
|:---|:---|:---|:---|:---|---:|
| Steven NMN Peyser       | President                | 07-31-1997      | C - 25% but less than 50% | Yes               |      4582797 |
| Edmund NMN Soong        | Executive Vice President | 01-01-2010      | B - 10% but less than 25% | Yes               |      1860412 |
| Thomas Franklin Huestis | Sr. Managing Director    | 08-05-2002      | A - 5% but less than 10%  | Yes               |      1996652 |
| Louis Man-Tai Choi      | Sr. Managing Director    | 01-01-2010      | A - 5% but less than 10%  | Yes               |      4465453 |
| May Ling Chau           | Senior Managing Director | 07-01-2020      | A - 5% but less than 10%  | Yes               |      3105911 |
| Marianne NMN Edmonds    | CCO                      | 05-15-2021      | NA - less than 5%         | No                |    000000000 |

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

| Type   | Ownership   | Owning Entity   | Name                    | Title/Status             | Date Acquired   | Ownership Code            | Control Person?   |   CRD Number |
|:---|:---|:---|:---|:---|:---|:---|:---|---:|
|  | Direct      |  | Steven NMN Peyser       | President                | 07-31-1997      | C - 25% but less than 50% | Yes               |      4582797 |
|  | Direct      |  | Edmund NMN Soong        | Executive Vice President | 01-01-2010      | B - 10% but less than 25% | Yes               |      1860412 |
|  | Direct      |  | Thomas Franklin Huestis | Sr. Managing Director    | 08-05-2002      | A - 5% but less than 10%  | Yes               |      1996652 |
|  | Direct      |  | Louis Man-Tai Choi      | Sr. Managing Director    | 01-01-2010      | A - 5% but less than 10%  | Yes               |      4465453 |
|  | Direct      |  | May Ling Chau           | Senior Managing Director | 07-01-2020      | A - 5% but less than 10%  | Yes               |      3105911 |
|  | Direct      |  | Marianne NMN Edmonds    | CCO                      | 05-15-2021      | NA - less than 5%         | No                |    000000000 |

### Disclosure Reporting Pages (DRPs)

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

- **Filed On (Applicant):** Form ADV/BD/U4 for —

- **CRD Number:** —

- **Disclosure Number:** —

### Execution Page

**Signature:** Marianne F. Edmonds

**Signer Name:** Marianne F. Edmonds

**Title:** Chief Compliance Officer

**Date:** 12-30-2025