Disclosures

Order Routing Information Rule 606

The Securities & Exchange Commission (SEC) adopted Rule 606 (formerly SEC 11Ac1-6) of the Securities Exchange Act. Rule 606 requires Royal Alliance to comply with four primary disclosure elements: 1.) to make publicly available quarterly reports that present a general overview of order routing practices; 2.) to disclose the nature of any relationship it has with venues that it routes client orders; 3.) to furnish clients upon request the venues to which individual orders were sent for execution for the previous six months; and 4.) to provide an annual written notification to clients that this information is available upon request.

With respect to Royal Alliance’s relationships with trading venues, Royal Alliance directs all trades in over-the-counter (OTC), listed stock, and options to either of our two clearing firms, Pershing LLC (“Pershing”) or National Financial Services, Inc. (“NFS”), for execution.

These clearing firms may receive compensation or other consideration (“payment for order flow”) for directing such orders to particular broker-dealers or market centers for execution. Payments for order flow may consist of any monetary or non-monetary compensation, remuneration, or consideration to the clearing firm in return for routing customer orders to a particular market or dealer. Payments may also include credits, rebates, or discounts against execution fees. The source and nature of compensation received in connection with a trade will be furnished to you upon your written request.

To view our order execution detail for Pershing, please click here.

You must type or cut and paste the corporate name exactly as follows: royal alliance associates inc

To view our order execution detail for Sept 30 2018 NFS, please click here.

To view our order execution detail for June 30 2018 NFS, please click here.

To view our order execution detail for March 31 2018 NFS, please click here.

To view our order execution detail for December 31 NFS, please click here.

To view our order execution detail for September 30 NFS, please click here.

To view our order execution detail for June 30 NFS, please click here.

To view our order execution detail for March 31 NFS, please click here.