Order Routing Disclosure

SEC Rule 606 requires broker-dealers that route orders in certain equity and option securities to make available quarterly reports that present a general overview of their routing practices. Phillips & Company routes all of its SEC Rule 606 eligible orders to its clearing firm, Pershing LLC, and does not receive any payment for order flow from the venues listed in this disclosure. For additional information about Pershing LLC’s payment for order flow practices, please see Pershing’s SEC Rule 606 disclosure.

To view Phillips & Company's order execution detail reports please click here . Enter Phillips & Company to display the reports.