0000000000-24-010749.txt : 20241127 0000000000-24-010749.hdr.sgml : 20241127 20240920163608 ACCESSION NUMBER: 0000000000-24-010749 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240920 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN STANLEY CENTRAL INDEX KEY: 0000895421 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 363145972 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 001-11758 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-761-4000 MAIL ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: MORGAN STANLEY DEAN WITTER & CO DATE OF NAME CHANGE: 19980326 FORMER COMPANY: FORMER CONFORMED NAME: DEAN WITTER DISCOVER & CO DATE OF NAME CHANGE: 19960315 PUBLIC REFERENCE ACCESSION NUMBER: 0000895421-24-000300 LETTER 1 filename1.pdf begin 644 filename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end TEXT-EXTRACT 2 filename2.txt September 20, 2024 Sharon Yeshaya Executive Vice President and Chief Financial Officer Morgan Stanley 1585 Broadway New York, NY 10036 Re: Morgan Stanley Form 10-K for the Fiscal Year Ended December 31, 2023 Form 10-Q for the Quarterly Period Ended June 30, 2024 Response dated August 26, 2024 File No. 001-11758 Dear Sharon Yeshaya: We have reviewed your August 26, 2024 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-Q for the Quarterly Period Ended June 30, 2024 Notes to Consolidated Financial Statements 2. Significant Accounting Policies, page 45 1. We note your response to comment 3. Please respond to the following additional items: Please describe for us specifically the details and circumstances considered and the facts supporting your conclusion to change the unit of account for the services that included extension of margin to facilitate client s securities purchase transactions and sourcing securities or executing other financing arrangements to cover certain client short positions. Include your detailed policies before and after the change in unit of accounts. Please provide us the basis for your response that these transactions are typically accounted for as a single unit of account on the balance sheet and a summary of the circumstances for why your accounting did not do so previously. Please explain in more detail how the referred change in unit of account further aligns September 20, 2024 Page 2 the accounting treatment between the balance sheet and the related interest income or expense. Please contact Lory Empie at 202-551-3714 or Marc Thomas at 202-551-3452 if you have questions regarding comments on the financial statements and related matters. Please contact Todd Schiffman at 202-551-3491 or James Lopez at 202-551-3536 with any other questions. Sincerely, Division of Corporation Finance Office of Finance