On November 15, 2000, the Securities and Exchange Commission adopted new rules mandating the public disclosure of order execution and routing practices.  

SEC 605 - Disclosure of Order Execution Information

SEC Rule 605 requires that Janney Montgomery Scott LLC ("Janney") publicly disclose, on a monthly basis, basic standardized information concerning its handling and execution of orders. Please direct any questions you may have to your Financial Advisor. 

To view Janney's current 605 disclosure. please click https://www.fisglobal.com/ptc

SEC 606 - Disclosure of Order Routing Information

Under SEC Rule 606, Janney is required to disclose, on a quarterly basis, the identity of the market centers to which it routes a significant percentage of its orders. Janney is also required to disclose the nature of its relationships with such market centers, including any internalization or payment for order flow and reciprocal business arrangements. Please direct any questions you may have to your Financial Advisor. 

To view Janney's current 606 disclosure, please click https://www.fisglobal.com/ptc

Weighted Average Pricing

Janney has implemented Weighted Average Pricing to simplify the appearance of securities transactions on client confirmations, statements, Online Access and tax reporting to clients. Weighted Average Pricing is the process of averaging the price of a single transaction using a volume-weighted calculation. For example, when several trade executions are used to complete a single client trade order for eligible securities, a volume-weighted average price is calculated for those trade executions. Weighted Average Pricing is FINRA-approved, and is currently being used by other financial services firms. If you have any questions regarding Weighted Average Pricing, or if you do not wish to have Weighted Average Pricing applied to your account, please contact your Financial Advisor.  

 

To learn about the professional background, business practices, and conduct of FINRA member firms or their financial professionals, visit FINRA’s BrokerCheck website: http://brokercheck.finra.org/