Quarterly Reporting for SEC Rule 606

The Securities and Exchange Commission Rule 606 of Regulation NMS requires every broker-dealer that routes orders to make publicly available quarterly reports that presents statistical information about non-directed customer orders in certain equity and option securities. The quarterly report must disclose any material aspects of the broker-dealer’s relationship with each of the top ten venues with the largest number of non-directed orders. As an introducing firm, Hilliard Lyons transmits all orders to its clearing firm, First Clearing. First Clearing makes the routing decisions concerning non-directed orders and routes non-directed orders to selected market makers and exchanges for execution. As such, Hilliard Lyons adopts by reference First Clearing’s report on routing of customer orders. To view First Clearing’s quarterly reports, click here.

Quarterly Reporting for SEC Rule 606