On November 2, the Securities and Exchange Commission adopted amendments to Rule 606 of Regulation NMS in order to require broker-dealers to provide certain individualized disclosures to customers with respect to the firm’s handling and execution of orders. This disclosure would only be required upon the request of a customer in connection with certain orders that grant discretion to the firm with respect to the price and time of execution.

The SEC also adopted amendments to the order routing disclosures that broker-dealers are required to make public on a quarterly basis. The amendments increase certain targeted disclosure requirements.

More information is available here.