Disclosure 605 & 606 Reporting
Disclosure 605 & 606 Reporting
LIFESCI CAPITAL BD SEC RULE 605 ORDER EXECUTION DISCLOSURE
SEC Rule 605 requires Market Centers to make available standardized, monthly reports of statistical data regarding order execution for “covered orders” as defined under the Rule. The reports for LifeSci Capital LLC can be accessed below.
Please note that LifeSci Capital is not a Market Center as defined in the Rule. Therefore, the 605 reports will not contain any reportable data.
LIFESCI CAPITAL BD RULE 606 ORDER ROUTING DISCLOSURE
SEC Rule 606 requires all broker-dealers that route orders in equity and option securities to make available quarterly reports that present an overview of their order routing practices. The report requires us to identify the significant venues to which client orders were routed for execution during the previous quarter and disclose the material aspects of the broker-dealer’s relationship with such venues. In addition, the rule requires broker-dealers to disclose, on customer request, the venues to which the customer’s individual orders were routed. Please contact the LifeSci Capital Sales or Trading Department for such report. As part of a common industry practice known as Payment for Order Flow, LifeSci may receive rebates from liquidity providers and certain exchanges based upon the order flow executed at each destination.
The reports for LifeSci Capital LLC can be accessed below.