Full text of MORGAN STANLEY SMITH BARNEY 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.
{0}------------------------------------------------ # MORGAN STANLEY SMITH BARNEY LLC (SEC I.D. No. 8-68191) # CONSOLIDATED STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2025 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}------------------------------------------------ # **!"#&"#!&** | #'(2+5,54:+4:9 | | '-+5 | |----------------|-------------------------------------------------|------| | | 54952/*':+*":':+3+4:5,/4'4)/'254*/:/54 | | | | 5:+9:554952/*':+*":':+3+4:5,/4'4)/'254*/:/54 | | | | '?D5 ">DB?4E3D9?>1>41C9C?6)B5C5>D1D9?> | | | | '?D5 +97>96931>D33?E>D9>7)?<9395C | | | | '?D5 1C81>41C8AE9F1<5>DC | | | | '?D5 *5<1D54)1BDI,B1>C13D9?>C | | | | '?D5 19B.1<E5C | | | | '?D5 5B9F1D9F5">CDBE=5>DC | | | | '?D5 *5359F12<5C6B?=?>DB13DCG9D8ECD?=5BC | | | | '?D5 ?<<1D5B1<9J54,B1>C13D9?>C | | | | '?D5 ??4G9<<1>4">D1>792<5C | | | | '?D5 ?BB?G9>7C1>4(D85B+53EB549>1>39>7C | | | | '?D5 (D85B%9129<9D95C1>433BE54H@5>C5C | | | | '?D5 +E2?B49>1D54%9129<9D95C | | | | '?D5 ?==9D=5>DC<br>E1B1>D55C<br>1>4?>D9>75>395C | | | | '?D5 *9C;&1>175=5>D | | | | '?D5 =@<?I55+D?3;1C54?=@5>C1D9?>)<1>C | | | | '?D5 =@<?I555>569D)<1>C | | | | '?D5 ">3?=5,1H5C | | | | '?D5 *57E<1D?BI*5AE9B5=5>DC | | | | 2599'8?5,53354#+839'4*)854?39 | | {2}------------------------------------------------ # 3 Deloitte. Deloitte & Touche LLP 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, 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…Read the full text as markdown