Cat Nms LLC

“The organization made a change to its mission effective april 14, 2020. The operating committee unanimously entered into a plan to wind up and dissolve the organization by december 31, 2020.”

“The organization has members as it is a section 501(c)(6) organization.”

“The organization's governing body, the operating committee, reviews form 990. The tax return is made available to all committee members for seven days before it is finalized and filed with the internal revenue service.”

“No member of the operating committee, nor any officer reporting to the operating committee, will receive any compensation from the organization for serving as a member of the operating committee or as an officer of the organization.”

“Governing documents and financial statements are available for public inspection upon request.”

“The organization has formed an operating committee (the "operating committee") to manage the organization. The operating committee shall have the general charge and supervision and, acting collectively, shall be the sole manager of the organization. The operating committee is comprised of one voting member and one alternate member from each of the sros, with one elected chair, who will serve a two year term.”

“Effective october 1, 2012, the securities and exchange commission ("sec") adopted rule 613 under the securities exchange act of 1934 ("rule 613") to create a consolidated audit trail (the "cat system") that would allow regulators to efficiently and accurately track all activity throughout the u.s. Markets in national market system ("nms") securities. Among other things, the rule required the national securities exchanges and the financial industry regulatory authority ("finra"), collectively the self-regulatory organizations, ("sros or "members") to jointly submit a plan, called an nms plan, to create, implement and maintain a consolidated audit trail of the nms activity. Rule 613 specifies the type of data to be collected and when the data is to be reported to a central repository. On september 30, 2014, the sros submitted to the sec the proposed nms plan in accordance with rule 613 which was eventually amended and replaced in its entirety on february 27, 2015 with the amended and restated cat nms plan ("cat nms plan"). On november 15, 2016, the sec voted to approve the amended and restated cat nms plan. Subsequent to sec's approval of the cat nms plan, cat nms, llc ("cat nms") was formed by the sros in response to sec rule 613 to create, implement and maintain the cat system. On august 29, 2019, the sros formed a new delaware limited liability company, consolidated audit trail, llc (the organization or "cat llc"), an exempt organization under irc section 501(c)(6), for the purposes of conducting activities relating to the cat system. Pursuant to an amendment to the cat nms plan filed with the sec on august 29, 2019, the limited liability company agreement of cat llc now serves as the cat nms plan. As a result of the formation of consolidated audit trail, llc on august 29, 2019, and the limited liability company agreement of cat nms, llc no longer serving as the cat nms plan, the organization amended and restated its operating agreement on april 14, 2020. Pursuant to the amended and restated operating agreement, the purpose of the organization is to engage in the defense and resolution of the dispute between the organization and thesys cat llc, and to conduct any business activity to accomplish this purpose.”

“In order to successfully file the resubmission electronically, part x, column b, must be submitted blank. The entities' ending balance sheet balances, column b, are as follows per original 2020 tax return filed. Line 1- cash: $201,930 line 16- total assets: $201,930 line 17- accounts payable: $80,580 line 23- secured mortgages and notes payable to unrelated parties: $112,733,082 line 26- total liabilities: $112,813,662 line 27- net assets without donor restrictions: $-112,611,732 line 32- total net assets or fund balances: $-112,611,732 line 33- total liabilities and net assets/fund balances: $201,930 the outstanding cash will be set aside to pay any future invoices for professional fees in connection with dissolution and completion of the final tax return. The outstanding notes payable to the member sro's will remain on the books for a period of three years.”

“Adjustment for dissolution 112,611,732.”

“The organization has not changed its oversight process or selection process during the taxable year.”

“In response to the tax notice dated january 24, 2022, the taxpayer is resubmitting the 2020 tax return. Please be advised that the taxpayer was unable to electronically file form 990 for tax year ending 12/17/2020 due to system limitations. The taxpayer was dissolved in december 2020 with the final return being filed in january 2021. The 2020 software and related tax forms were unavailable at this time. Therefore, the 2019 software was used to prepare the return. Since the 2019 return was electronically filed a few months prior, filing the 2020 in this manner was not possible.”