Full text of MORGAN STANLEY DISTRIBUTION, INC.'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 DISTRIBUTION, INC. (SEC I.D. No. 8-44766) ## STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2024 AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM \*\*\*\*\*\*\*\*\* File pursuant to Rule 17a-5(e)(3) Under the Securities Exchange Act of 1934 As a Public Document. {1}------------------------------------------------ ## MORGAN STANLEY DISTRIBUTION, INC. INDEX | | Page | |----------------------------------------------------------|------| | Report of Independent Registered Public Accounting Firm | | | Statement of Financial Condition | 2 | | Notes to the Statement of Financial Condition | | | Note 1. Introduction and Basis of Presentation | 3 | | Note 2. Significant Accounting Policies | 3 | | Note 3. Related Party Transactions | 5 | | Note 4. Distribution and Shareholder Servicing Fees | 5 | | Note 5. Financial Instruments Not Measured at Fair Value | 5 | | Note 6. Risk Management | 5 | | Note 7. Income Taxes | 5 | | Note 8. Regulatory Capital and Other Requirements | 6 | | Glossary of Common Terms and Acronyms | | {2}------------------------------------------------ # Deloitte. Deloitte & Touche LLP 30 Rockefeller Plaza New York, NY 10112 USA Tel: +1 (212) 492-4000 www.deloitte.com ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Stockholder of Morgan Stanley Distribution, Inc.: ## Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Morgan Stanley Distribution, Inc. (the "Company") as of December 31, 2024, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2024, in conformity with accounting principles generally accepted in the United States of America. ## Basis for Opinion The financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on this financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of t…Read the full text as markdown