SEC Rules 605 and 606

&Partners is an introducing broker-dealer that directs all equity trades to our clearing firm, National Financial Services, LLC (NFS), for routing and execution.

&Partners has contracted with a vendor, S3 Matching Technologies LP, to prepare and display statistical reports required by U.S. Securities and Exchange Commission (SEC) Rules 605 and 606 (reports).

Rule 605 reports

Rule 605 of SEC Regulation NMS (Rule 605) requires specified entities to publish monthly reports of statistical information concerning their order executions in NMS stocks. On March 6, 2024, the SEC adopted amendments to Rule 605 that broaden the scope of entities required to file Rule 605 reports beyond market centers to also include certain broker-dealers, as well as require broker-dealers operating alternative trading systems and single dealer platforms to prepare separate Rule 605 reports for such activity.

Monthly Rule 605 reports disclosing order execution information for &Partners are available at:
https://public.s3.com/rule605/aprt/

Rule 606 reports

The SEC’s Rule 606 requires all broker-dealers that route orders in equity and option securities to publish quarterly reports that provide a general overview of their routing practices. This report must identify the venues to which non-directed customer orders in U.S. exchange-listed equity securities and options were routed for execution, and disclose the material aspects of the broker-dealer’s relationship with such venues. The purpose of this report is to provide the public with information on how broker-dealers route orders, enable the evaluation of order routing practices, and foster competition among market participants. Upon request, broker-dealers also must disclose to customers the venues to which their individual orders were routed. Each customer may request a written copy of the report be mailed to them at no charge.

Quarterly Rule 606 reports disclosing order routing information for &Partners covering periods beginning in Q4 2026 are available at:
https://public.s3.com/rule606/aprt/
https://www.finra.org/finra-data/606-nms-data

Additional information regarding these SEC rules may be obtained from sec.gov or finra.org.

Reports for earlier periods

For any quarter prior to Q4 2026, please use the links below to access the quarterly reports from Pershing LLC (Pershing) or NFS, for execution: