SEC Rule 607

The Securities and Exchange Commission (“SEC”) Rule 607 requires all broker-dealers disclose their policies regarding the receipt of payment for order flow, the nature of order routing policies for orders subject to payment for order flow and the degree to which these orders can receive price involved. Gilder Gagnon Howe & Co., LLC (“GGHC”) does not receive payment for routing orders in equity securities nor does it receive incentives for trade volumes or have any agreements regarding minimum order flow.

SEC Rule 606

SEC Rule 606 ("Rule") requires all broker-dealers that route orders in equity and option securities to make available quarterly reports that present a general overview of their routing practices. The reports must identify the significant venues to which customer orders were routed for execution during the applicable quarter and disclose the material aspects of the broker-dealer's relationship with such venues. In addition, the Rule requires broker-dealers to disclose, on customer request, the venues to which the customer's individual orders were routed.

In addition, broker-dealers must respond to customer requests for individual information on customer orders that were routed for execution in the six months prior to the request, whether the orders were directed or non-directed, and the time of the transactions, if any, that resulted from such orders. For this or any other additional information, please reach out to your GGHC client service representative.

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Historical Reports
NamePDF Download
4th Quarter 2019 SEC 606 Download
3rd Quarter 2019 SEC 606 Download
2nd Quarter 2019 SEC 606 Download
1st Quarter 2019 SEC 606 Download
4th Quarter 2018 SEC 606 Download
3rd Quarter 2018 SEC 606 Download
2nd Quarter 2018 SEC 606 Download
1st Quarter 2018 SEC 606 Download
4th Quarter 2017 SEC 606 Download
3rd Quarter 2017 SEC 606 Download