# EDGAR Filing Document

**Accession Number:** 0001385221
**File Stem:** 0001385221-26-000002
**Filing Date:** 2026-3
**Character Count:** 2681
**Document Hash:** 4006b5b06ea0546ba32fd2811b6aff0c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001385221-26-000002.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0001385221-26-000002

**CONFORMED SUBMISSION TYPE**: X-17A-5

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**EFFECTIVENESS DATE**: 20260331

**PERIOD START**: 20250101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MSC - BD, LLC
- **CENTRAL INDEX KEY:** 0001385221

**ORGANIZATION NAME:**
- **EIN:** 205173698
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-67511
- **FILM NUMBER:** 26821917

**BUSINESS ADDRESS:**
- **STREET 1:** 5 CENTERPOINTE DRIVE SUITE. 400
- **STREET 2:** #5309
- **CITY:** LAKE OSWEGO
- **STATE:** OR
- **ZIP:** 97035
- **BUSINESS PHONE:** 503 515 1313

**MAIL ADDRESS:**
- **STREET 1:** 5 CENTERPOINTE DRIVE  SUITE 400
- **STREET 2:** SUITE 10115
- **CITY:** LAKE OSWEGO
- **STATE:** OR
- **ZIP:** 97035

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NAPLES AIS, INC.
- **DATE OF NAME CHANGE:** 20110616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MSC - BD, LLC
- **DATE OF NAME CHANGE:** 20110610

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NAPLES AIS, INC.
- **DATE OF NAME CHANGE:** 20080617

### Attached PDF Documents

**Attachment 1:** `mscbdpub.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0001385221

**Filer CCC:** XXXXXXXX

**Is this a LIVE or TEST filing?:** LIVE

**Would you like a Return Copy?:** Yes

### Submission Information

**Report Period Begin Date:** 01-01-2025

**Report Period End Date:** 12-31-2025

**Type of Registrant:** Broker-dealer

**Any material weaknesses identified?:** No

### Registrant Identification

**Name of Broker-Dealer:** MSC - BD, LLC

**Business Address:** 5 CENTERPOINTE DRIVE, SUITE 400, LAKE OSWEGO, OR, 97035

**Contact Person:** Anthony Diamos

**Contact Phone:** 4045366984

### Independent Public Accountant Identification

**Accountant Name:** Cherry Bekaert LLP

**Accountant Address:** 4601 DTC Blvd, Suite 700, Denver, CO, 80237

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Charles Botchway**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **MSC - BD, LLC**, as of **12-31-2025**, are true and correct.

**Signature:** Charles Botchway

**Title:** Chief Executive Officer