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SEC Rule 606 Disclosures
Order Routing Practices
Securities and Exchange Commission rules mandate
the public disclosure of order routing practices (the
"Disclosure Rules"). Under Rule 606 (formerly SEC Rule 11Ac1-6),
broker-dealers that route customer orders in equity and option
securities are required to make publicly available quarterly
reports that, among other things, identify the venues to which
customer orders are routed for execution.
Polar Investment Counsel, Inc. does not nor has
the ability to route orders, all orders are routed by our
clearing firm, Hilltop Securities, Inc.
Disclosure of Order Handling Information (sec.gov)
The information
required by SEC Rule 606 does not encompass all the factors that
may be important to investors in evaluating the order execution
and routing services of a broker-dealer. SEC Rule 606 statistics
are intended to provide a general overview of a broker-dealer’s
order routing practices. Accordingly, the statistical
information required by SEC Rule 606 alone does not create a
reliable basis to address whether any broker-dealer obtained the
most favorable terms reasonably available under the
circumstances for customer orders.
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