SEC Rule 11 Ac1-6
SEC Rule 11 Ac1-6 requires all broker-dealers that route orders in equity and option securities make available quarterly reports the present a general overview of their routing practices.
We have listed below links to the percentages and type of orders presented to each venue. The rule also requires that the report disclose any “Material Aspects” of our relationship with significant execution venues and description of any payment for order flow arrangements. In addition, we are required to disclose to our clients, upon their request, the venues to which their individual orders were routed.
| Order Routing Practices | |
|---|---|
| Pershing Customers | Penson Customers |
| NYSE Equities | NYSE Equities |
| AMEX Equities | AMEX Equities |
| NASDAQ Equities | NASDAQ Equities |
| Options | Options |
Representatives are registered through, and securities are sold through, Nationwide Planning Associates, Inc., member FINRA·SIPC, located at 1 Paragon Drive, Montvale, NJ 07645, (201) 476-0029. Insurance sold through licensed NPA Insurance Agency Representatives. Investment products are not federally insured, involve investment risk and may lose value, are not obligations of or guaranteed by the Broker/Dealer or a credit union. Nationwide Planning is a registered broker dealer.
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