SEC Rule 606(a) Report
Disclosure of order routing information
The Securities & Exchange Commission (SEC) adopted Rule 606 (formerly SEC 11Ac1-6) of the Securities Exchange Act. Rule 606 requires Osaic to comply with four primary disclosure elements: 1.) to make publicly available quarterly reports that present a general overview of order routing practices; 2.) to disclose the nature of any relationship it has with venues that it routes client orders; 3.) to furnish clients upon request the venues to which individual orders were sent for execution for the previous six months; and 4.) to provide an annual written notification to clients that this information is available upon request.
With respect to Osaic’s relationships with trading venues, Osaic directs all trades in over-the-counter (OTC), listed stock, and options to either of our two clearing firms, Pershing LLC (“Pershing”) or National Financial Services, Inc. (“NFS”), for execution.
These clearing firms may receive compensation or other consideration (“payment for order flow”) for directing such orders to particular broker-dealers or market centers for execution. Payments for order flow may consist of any monetary or non-monetary compensation, remuneration, or consideration to the clearing firm in return for routing customer orders to a particular market or dealer. Payments may also include credits, rebates, or discounts against execution fees. The source and nature of compensation received in connection with a trade will be furnished to you upon your written request.
Osaic
Order execution detail for Pershing
Visit orderroutingdisclosure.com, enter "Osaic" and click "Display."
Order execution detail for NFS
Osaic Institutions
Order execution detail for Pershing
Visit orderroutingdisclosure.com, enter "Osaic Institutions" and click "Display."
FSC Securities
Order execution detail for Pershing
Visit orderroutingdisclosure.com, enter "FSC Securities" and click "Display."
Order execution detail for NFS
SagePoint Financial
Order execution detail for Pershing
Visit orderroutingdisclosure.com, enter "SagePoint Financial" and click "Display."
Order execution detail for NFS
Securities America
Order execution detail for Pershing
Visit orderroutingdisclosure.com, enter "Securities America" and click "Display."
Order execution detail for NFS
Triad Advisors
Order execution detail for Pershing
Visit orderroutingdisclosure.com, enter "Triad Advisors" and click "Display."
Order execution detail for NFS
Woodbury Financial
Order execution detail for Pershing
Visit orderroutingdisclosure.com, enter "Woodbury Financial" and click "Display."