The rules of certain regulatory organizations require that all Broker-Dealers inform their customers of order handling and payment for order flow practices. In that regard, please note Monness, Crespi, Hardt & Co., Inc. routes customer orders to ECN’s and other market centers in accordance with duty of best execution. Every order received by Monness, Crespi, Hardt & Co., Inc. is considered “not held” unless otherwise specified as a “held” order, specifically, by the customer placing the order. Certain market centers, such as many exchanges, provide rebates or charge fees based upon whether routed orders contribute liquidity to, or extract liquidity from the market center. The amounts of such fees and rebates vary and rebates may or may not exceed the fees paid by the firm to a market center during any given time period. Additionally, in accordance with SEC Rule 606 further information is available upon request with any order or orders for a look back period of three years, please contact Karen Ferguson-Moran or Peter Zecca.
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