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SEC Rules 605 and 606 Disclosures (formerly Rules 11Ac1-5 and 11Ac-6) On November 15, 2000, the Securities and Exchange Commission adopted new rules mandating the public disclosure of order execution and routing practices. 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: http://www.sec.gov/rules/final/34-43590.htm http://www.sec.gov/interps/legal/mrslb13a.htm http://www.sec.gov/interps/legal/slbim12rappxa.htm http://www.sec.gov/rules/final/34-51808.pdf Morgan Stanley is committed to seeking the most favorable terms reasonably available under the circumstances when executing and/or routing our customers' orders. Effective January 31, 2008, MSCO's SEC Rule 605 Report will be available on the Thomson Transaction Analytics Website. To view MSCO's current SEC Rule 605 Report, click on the following link: http://www.tta.thomson.com/msi/download.jsp?clientid=msco. Click on the quarters below to view MSCO's SEC Rule 606 Reports on Routing of Customer Orders* Quarter Ending June 30, 2008 * Note: This Report represents the order routing statistics for Morgan Stanley & Co Incorporated. Morgan Stanley & Co. Incorporated (MSCO) merged with Morgan Stanley DW Inc. (MSDW), a former broker-dealer affiliate of MSCO, as a single broker dealer effective April 1, 2007. The MSCO Rule 606 Report on Routing of Customer orders represents the combined order routing statistics of customer non-directed orders for individual investors (formerly MSDW) and institutional investors (MSCO) effective 2nd quarter 2007. View Important Disclaimer Information [click here] |
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