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Rule 606 Report

SEC Rule 606 Report – 2020

Gar Wood Securities LLC (GWS) has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make available to the public quarterly reports about 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. For these non-directed orders, GWS has selected the execution venue on behalf of its customers.

This report identifies the venues most often selected by GWS, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of GWS’s relationship with the venues.

Please note that GWS utilizes two (2) separate clearing firms for its customer orders; 1) Axos Clearing LLC and 2) Interactive Brokers LLC.  Due to the distinct differences in the nature of these clearing relationships and how our customer orders are handled, GWS provides two (2) SEC Rule 606 Reports; One applicable to our clients’ orders at Axos Clearing and another for our clients’ orders at Interactive Brokers.

For your review, below are links to each of these Rule 606 reports.

Questions regarding this report should be addressed to the GWS Compliance Department at (312) 662-1265.

Interactive Brokers LLC Q1 2020

Axos Clearing, LLC Q1 2020

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