Morgan Stanley

SEC Rules 605 and 606 Disclosures (formerly Rules 11Ac1-5 and 11Ac1-6)

On November 15, 2000, the Securities and Exchange Commission adopted rules mandating the public disclosure of order execution and routing practices, as amended on November 2, 2018 (the “Rules”). The Rules require that Morgan Stanley and other market centers that trade national market system securities provide specific information concerning the quality of their executions on a stock-by-stock basis. Links to and information about the Rules are provided here:

Disclosure of Order Execution and Routing Practices
Frequently Asked Questions About Rule 11Ac1-6
Appendix A - Text of Joint-SRO Plan
Regulation NMS
Disclosure of Order Handling Information

Morgan Stanley is committed to seeking the most favorable terms reasonably available under the circumstances when executing and/or routing our customers' orders.

MSCO's SEC Rule 605 Report is available on S3’s Website.

To view MSCO's current SEC Rule 605 Report, click on the following link: Index of MSCO’s Rule 605 Reports

Click on the links below to view or download MSCO's SEC Rule 606 Report on Routing of Customer Orders:

  Q1 Q2 Q3 Q4
2023 PDF |   XML PDF |   XML PDF |   XML  
2022 PDF |   XML PDF |   XML PDF |   XML PDF |   XML
2021 PDF |   XML PDF |   XML PDF |   XML PDF |   XML
2020 PDF |   XML PDF |   XML PDF |   XML PDF |   XML


To view Morgan Stanley Smith Barney LLC’s Rule 606 Report for the most recent quarter, click on the following link: Index of MSWM Rule 606 Reports

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