MORGAN STANLEY & CO. LLC X-17A-5 (2026-02-25) — Broker-dealer annual report

Full text of MORGAN STANLEY & CO. LLC's X-17A-5 filed 2026-02-25. Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.

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{0}------------------------------------------------ {1}------------------------------------------------ #### **"#\$)-** | | \$*+4.7/76<.6<; | *0.7 | |-----------------------|--------------------------------------------------------|------| | | ".87:<7/6-.8.6-.6<".02;<.:.- =+42,,,7=6<2602:5 | | | | 76;742-*<.-#<*<.5.6<7/26*6,2*476-2<276 | | | | 7<.;<776;742-*<.-#<*<.5.6<7/26*6,2*476-2<276 | | | | (AF7 #@FDA6G5F;A@3@63E;EA8*D7E7@F3F;A@ | | | | (AF7 -;9@;8;53@F55AG@F;@9*A>;5;7E | | | | (AF7 3E:3@63E:CG;H3>7@FE | | | | (AF7 ,7>3F76*3DFK.D3@E35F;A@E | | | | (AF7 3;D03>G7E | | | | (AF7 7D;H3F;H7#@EFDG?7@FE | | | | (AF7 ,757;H34>7E8DA?A@FD35FEI;F:GEFA?7DE | | | | (AF7 A>>3F7D3>;L76.D3@E35F;A@E | | | | (AF7 ADDAI;@9E3@6)F:7D-75GD76 ;@3@5;@9E | | | | (AF7 -G4AD6;@3F76&;34;>;F;7E | | | | (AF7 A??;F?7@FE&73E7E!G3D3@F77E3@6A@F;@97@5;7E | | | | (AF7 03D;34>7#@F7D7EF@F;F;7E3@6-75GD;F;L3F;A@5F;H;F;7E | | | | (AF7 EE7FE-A>6I;F:,7F3;@76JBAEGD7 | | | | (AF7 ,;E='3@397?7@F | | | | (AF7 ?B>AK77-FA5= 3E76A?B7@E3F;A@*>3@E | | | | (AF7 ?B>AK777@78;F*>3@E | | | | (AF7 #@5A?7.3J7E | | | | (AF7 ,79G>3FADK,7CG;D7?7@FE | | | | 47;;*:A7/75576\$.:5;*6-,:76A5; | | | #=884.5.6<*4#,1.-=4.; | | | | | | | {2}------------------------------------------------ Deloitte & Touche LLP 30 Rockefeller Plaza New York, NY 10112-0015 USA 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, 2025, 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, 2025, 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 Sec…

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