Full text of MORGAN STANLEY SMITH BARNEY LLC's X-17A-5/A filed 2025-02-26. Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # MORGAN STANLEY SMITH BARNEY LLC (SEC I.D. No. 8-68191) # CONSOLIDATED STATEMENT OF FINANCIAL CONDITION 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 Regulation 1.10(g) under the Commodity Exchange Act as a Public Document. {1}------------------------------------------------ # MORGAN STANLEY SMITH BARNEY LLC | Table of Contents | | Page No. | |-------------------|---------------------------------------------------------|----------| | | Report of Independent Registered Public Accounting Firm | | | | Consolidated Statement of Financial Condition | 2 | | | Notes to Consolidated Statement of Financial Condition | | | | Note 1. Introduction and Basis of Presentation | 3 | | Note 2. | Significant Accounting Policies | 3 | | Note 3. | Cash and Cash Equivalents | 6 | | Note 4. | Related Party Transactions | 7 | | Note 5. | Fair Values | 9 | | Note 6. | Derivative Instruments | 11 | | | Note 7. Receivables from Contracts with Customers | 12 | | Note 8. | Collateralized Transactions | 12 | | Note 9. | Goodwill and Intangibles | 13 | | | Note 10. Borrowings and Other Secured Financings | 13 | | | Note 11. Other Liabilities and Accrued Expenses | 13 | | | Note 12. Subordinated Liabilities | 13 | | | Note 13. Commitments, Guarantees, and Contingencies | 13 | | | Note 14. Risk Management | ો રે | | | Note 15. Employee Stock-Based Compensation Plans | 17 | | | Note 16. Employee Benefit Plans | 17 | | | Note 17. Income Taxes | 17 | | | Note 18. Regulatory Requirements | 19 | | | Glossary of Common Terms and Acronyms | 20 | {2}------------------------------------------------ # Deloitte. Deloitte & Touche LLF 30 Rockefeller Plaza New York, NY 10112-0015 USA Tel: +1 212 492 4000 Fax: +1 212 489 1687 www.deloitte.com # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Member of Morgan Stanley Smith Barney LLC # Opinion on the Financial Statement We have audited the accompanying consolidated statement of financial condition of Morgan Stanley Smith Barney 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 presents fairly, in all material respects, the financial position of the Company as of December 31, 2024, in conformity with acc…Read the full text as markdown