SEC Rule 606 Order Disclosure

The U.S. Securities and Exchange Commission's client disclosure rule, SEC Rule 606, requires all broker-dealers that route orders in equity and options securities to make available quarterly reports that present a general overview of their routing practices. The reports must identify the significant venues to which the client orders were routed for execution during the applicable quarter and disclose the material aspects of the broker/dealer's relationship with such venues. Teckmeyer Financial Services (“TFS”) routes 100% of its retail SEC 606 covered securities to its clearing broker, RBC, for routing and execution. TFS does not receive compensation for directing order flow to RBC. RBC receives compensation for directing a portion of the order flow. RBC may act as principal when an order is routed to its market making desk.