SEC Rule 606 Trade Reporting

The U.S. Securities and Exchange Commission’s Rule 606 requires all broker-dealers to make available a quarterly report that outlines how their equity and options orders are routed.  Principal Securities, Inc. (PSI) has a clearing agreement with Fidelity Clearing & Custody Solutions (FCCS).  Equity and options orders received by PSI are routed to FCCS on a non-directed basis. The report displays the trading venues where FCCS routed the orders. PSI does not have any payment for order flow or volume-based payment schedules or rebates with FCCS or the venues listed.