Full text of MORGAN STANLEY & CO. LLC's X-17A-5 filed 2025-02-26. Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # MORGAN STANLEY & CO. LLC (SEC I.D. No. 8-15869) # CONSOLIDATED STATEMENT OF FINANCIAL CONDITION AND UNCONSOLIDATED SUPPLEMENTAL SCHEDULES AS OF DECEMBER 31, 2024 AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM \*\*\*\*\*\*\*\*\* Filed Pursuant to Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 and Rule 1.10(g) under Commodity Exchange Act as a Public Document. {1}------------------------------------------------ # MORGAN STANLEY & CO. LLC | Table of Contents | | Page No. | | |---------------------------------------------------------|-------------------------------------------------------------------|----------|--| | Report of Independent Registered Public Accounting Firm | | | | | | Consolidated Statement of Financial Condition | 1 | | | | Notes to the Consolidated Statement Financial Condition | | | | | Note 1. Introduction and Basis of Presentation | 2 | | | | Note 2. Significant Accounting Policies | 2 | | | Note 3. | Cash and Cash Equivalents | 6 | | | Note 4. | Related Party Transactions | 6 | | | Note 5. | Fair Values | 8 | | | Note 6. | Derivative Instruments | 13 | | | Note 7. | Receivables from Contracts with Customers | ી રે | | | Note 8. | Collateralized Transactions | । | | | | Note 9. Borrowings and Other Secured Financings | 17 | | | | Note 10. Subordinated Liabilities | 18 | | | | Note 11. Commitments, Leases, Guarantees and Contingencies | 18 | | | | Note 12. Variable Interest Entities and Securitization Activities | 23 | | | | Note 13. Risk Management | 25 | | | | Note 14. Employee Stock-Based Compensation Plans | 28 | | | | Note 15. Employee Benefit Plans | 28 | | | | Note 16. Income Taxes | 30 | | | | Note 17. Regulatory Requirements | 31 | | | Glossary of Common Terms and Acronyms | | 33 | | | Supplemental Schedules | | 34 | | {2}------------------------------------------------ # Deloitte. Deloitte & Touche LLP 30 Rockefeller Plaza New York, NY 10112-0015 IISA Tel: 1 212 436 2000 Fax: 1 212 436 5000 www.deloitte.com # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Sole Member of Morgan Stanley & Co. LLC # Opinion on the Financial Statement We have audited the accompanying consolidated statement of financial condition of Morgan Stanley & Co. LLC and subsidiaries (the "Company") as of December 31, 2024, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement prese…Read the full text as markdown