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SEC Disclosure

Securities & Exchange Commision Order Disclosure

SEC Rule 606 (formerly 11Ac1-6 Order Routing Report), Inc. (“BCI”) directs its equity order flow to its clearing firm, Pershing LLC. BCI does not receive compensation for directing order flow to Pershing. Pershing LLC sends equity orders to exchanges, Electronic Communication Networks, or broker-dealers during normal business hours and during extended hours. Certain market centers provide payments or charge access fees to Pershing depending upon the characteristics of the orders and any subsequent execution. Pershing receives payment for order flow from Knight Capital Markets Inc., Automated Trade Desk, and Citadel Derivatives Group. Pershing executes certain orders in NYSE securities as principal while acting in the capacity of a market maker.

Pershing, LLC on behalf of BCI, prepares a quarterly report pursuant to U.S. Securities and Exchange Commission Rule 606. This rule requires all brokerage firms to make publicly available quarterly reports on their order routing practices. The report provides information on the routing of "non-directed orders" – any order that the customer has not specifically instructed to be routed to a particular venue for execution.

The report is divided into four sections: securities listed on the NYSE; securities listed on NASDAQ; securities listed on the AMEX; and one for exchange-listed options. For each section, this report identifies the venues most often selected, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of BCI's relationship with the venues.

Please visit and enter “ Inc” to see BCI’s most recent quarterly report.

SEC Filings


Contact & Address
New York Address:
1500 Broadway• 31st Floor
New York, NY 10036

Phone: 212.257.4062

Bonds involve risk and are not suitable for all investors. Fixed income investments are subject to various risks, including changes in interest rates, credit quality, market valuations, liquidity, prepayments,
corporate events, tax ramifications, and other factors. This is not an offer or solicitation for brokerage services or other products or services in any jurisdiction where we are not authorized to do business
or where such offer or solicitation would be contrary to the securities laws or other local laws and regulations of that jurisdiction., Inc. and the logo are trademarks or registered trademarks of Holdings, Inc.
© 2010, Inc. All rights reserved., Inc. is a registered securities Broker Dealer Member FINRA/ SIPC/ MSRB.