SEC Rule 606

Under SEC Rule 606(a), broker-dealers that route equity and option orders on behalf of customers are required to prepare quarterly reports that disclose specific information about their order routing practices for non-directed1 orders in NMS stocks and option contracts in NMS securities.

The reports are made available to the public free of charge for each calendar quarter and published no later than one month after the end of the quarter.

Quarterly Reports

National Financial Services LLC (NFS), is a registered broker-dealer affiliated with Fidelity Brokerage Services LLC (FBS). NFS routes orders for NFS and FBS customers.

FBS Quarterly Report

Required statistical order routing information for Retail and Registered Investment Advisor managed accounts.

NFS Quarterly Report

Required statistical order routing information for NFS Institutional and other accounts.

  • Under SEC Rule 606(b)(1) customers can request details on NMS stock and option non-directed orders in NMS securities including the identity of the venue and the time of execution for the prior six months.
  • Under SEC Rule 606(b)(3) broker-dealers are required, upon request of a customer that places not held orders, to provide specific disclosures regarding routing and execution of such orders for the prior six months.
 
 

There was an issue with your input

 
 
 

Please confirm