BGC Group, Inc.
For the period ended Jun 30, 2025. Filed Aug 11, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 11, 2025
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ITEM 4. Controls and Procedures
Evaluation of Disclosure Controls and Procedures
BGC Group maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed by BGC Group is recorded, processed, accumulated, summarized and communicated to its management, including its Co-Chief Executive Officers and its Chief Financial Officer, to allow timely decisions regarding required disclosures, and reported within the time periods specified in the SEC’s rules and forms. The Co-Chief Executive Officers and the Chief Financial Officer have performed an evaluation of the effectiveness of the design and operation of BGC Group’s disclosure controls and procedures as of June 30, 2025. Based on that evaluation, the Co-Chief Executive Officers and the Chief Financial Officer concluded that BGC Group’s disclosure controls and procedures were effective as of June 30, 2025.
Changes in Internal Control over Financial Reporting
As previously disclosed, BGC Group closed its acquisition of OTC Global on April 1, 2025. BGC Group is currently integrating OTC Global into its operations and internal control processes. SEC regulations allow companies to exclude acquisitions from their assessment of internal control over financial reporting during the first year following an acquisition. Management has excluded the acquired operations of OTC Global from its assessment of the effectiveness of BGC Group’s internal control over financial reporting as of June 30, 2025. OTC Global constituted 3.9% of total assets, 6.0% of net assets, and 15.1% of total revenues as reflected in our unaudited Condensed Consolidated Financial Statements as of and for the three months ended June 30, 2025.
Other than the exclusion of OTC Global as described above, there were no changes in our internal control over financial reporting during the quarter ended June 30, 2025, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
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