SEC Rules 605 and 606 Reports
SEC Rule 605
Rule 605 of SEC Regulation NMS requires market centers and certain brokers and dealers to publish monthly reports of statistical information concerning their order executions in NMS stocks. FINRA maintains a webpage listing the information of all the market centers, brokers, and dealers that have selected FINRA as their Designated Participant under the Rule 605 NMS Plan.
SEC Rule 606
Rule 606(a) of SEC Regulation NMS requires broker-dealers that route equity and option orders on behalf of customers to prepare quarterly reports that disclose specific information about their order routing practices for non-directed orders in NMS stocks and NMS securities that are options contracts. FINRA Rule 6151 requires every member obligated to publish a Rule 606(a) Report to provide the report to FINRA for publication on FINRA’s website.
Reports and Resources
SEC Rule 606(a) Reports
Quarterly reports on order routing practices for held NMS stock and option orders.
NMS Stock Order Execution Information (SEC Rule 605 Reports)
Monthly reports on execution quality for NMS stocks by market centers, brokers and dealers.
FINRA Rule 6151 Guidance
Find guidance on submitting to FINRA order routing reports pursuant to FINRA Rule 6151.
SEC Rule 605 Authorization Form Access
Guidance on accessing Designated Participant Authorization Form for SEC Rule 605 reporting.