|
Freedom Investments, Inc.
375 Raritan Center Parkway Edison, NJ 08837 (800) 944-4033 |
||||
|
SEC Rule 606 Report (First
Quarter 2013)
|
||||
| Freedom Investments, Inc.,
a wholly owned subsidiary of Oppenheimer & Co. Inc. ("Oppenheimer"),
has prepared this report pursuant to a U.S. Securities and Exchange Commission
rule 606 requiring all brokerage firms to make publicly available quarterly
reports to their order routing practices. This 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, Freedom has selected the execution venue
on behalf of its customers. For each section, this report identifies the venues most often selected by Freedom, sets forth the percentages of various types of orders routed to the venues, and discusses the material aspects of Freedom’s relationship with the venues. |
||||
|
I. Securities Listed on the
New York Stock Exchange:
|
||||
|
NYSE
|
Non-directed
|
Market
|
Limit
|
Other
|
| Total Orders | 100.00% | 38.25% | 61.29% | 0.46% |
| Oppenheimer & Co. Inc. | 100.00% | 100.00% | 100.00% | 100.00% |
|
II. Securities Listed on the
American Stock Exchange:
|
||||
|
AMEX
|
Non-directed
|
Market
|
Limit
|
Other
|
| Total Orders | 100.00% | 40.00% | 60.00% | 0.00% |
| Oppenheimer & Co. Inc. | 100.00% | 100.00% | 100.00% | 0.00% |
|
III. Securities Listed on the
Nasdaq Stock Market:
|
||||
|
NASDAQ
|
Non-directed
|
Market
|
Limit
|
Other
|
| Total Orders | 100.00% | 47.50% | 51.88% | 0.62% |
| Oppenheimer & Co. Inc. | 100.00% | 100.00% | 100.00% | 0.00% |
|
IV. Exchange-Listed Options:
|
||||
|
OPTION
|
Non-directed
|
Market
|
Limit
|
Other
|
| Total Orders | 100.00% | 0.00% | 0.00% | 0.00% |
| Freedom Investments, Inc. forwards orders for options to Oppenheimer, who may in turn route the orders to the applicable option exchange. Freedom does not receive payment from Oppenheimer for executing option orders. | ||||