Morgan Stanley discloses derivatives dealings in Bright Smart Securities

On September 10, 2025, Morgan Stanley and its affiliate, Morgan Stanley Capital Services LLC, disclosed multiple derivatives dealings in Bright Smart Securities & Commodities Group Limited. These transactions were identified as "unsolicited client facilitation" activities, involving both purchases and sales of derivatives referencing the company's securities.

Key transactions included a purchase of 2,000 reference securities at $11.6100, totaling $23,220.00, and a sale of 2,000 reference securities at the same price, also totaling $23,220.00, both with a maturity date of May 29, 2026. Further dealings included a purchase of 4,000 reference securities at $11.9615, amounting to $47,846.00, due October 31, 2025.

Additionally, Morgan Stanley Capital Services LLC executed significant dealings involving 62,000 reference securities each, with a January 30, 2026 maturity date. These comprised a purchase and a sale, both priced at $11.9324, each totaling $739,806.00. All dealings resulted in a resultant balance of 0, indicating no net position from these specific transactions. Morgan Stanley Capital Services LLC is noted as a Class (5) associate connected with the offeror and deals for its own account.