Rule 606 & 607 Disclosure

Pursuant to SEC Rule 606, Cache Securities, LLC (“Cache”) is required to make publicly available a quarterly report with regard to its routing of non-directed orders. Cache routes all customer orders to its Clearing Firm, Apex Clearing Corporation, which routes all Cache customer orders to different Market Makers for execution. As such, you can find all quarterly Rule 606 reports on Apex’s website by visiting http://public.s3.com/rule606/apex/.

SEC Rule 606(b) requires a broker-dealer to disclose to its customers, upon request, “the identity of the venue to which the customer’s orders were routed for execution in the six months prior to the request, whether the orders were directed orders or non-directed orders, and the time of the transactions, if any, that resulted from such orders.”

Additionally, pursuant to SEC Rule 607, Cache is required to disclose at the time your account is opened, and annually thereafter, its payment for order flow practices. Cache routes your equity orders to its Clearing Firm, Apex Clearing Corporation, which then routes the orders to Market Makers for execution. Apex receives monetary rebates per executed share for routing equity orders to Market Makers that add liquidity to its book and/or rebates for aggregate exchange fees. These rebates are considered payment for order flow, even though they may not necessarily offset aggregate payments for removing liquidity. Cache shares in a portion of those rebates with Apex.

Order routing decisions are based on several factors, including the size of the order, the opportunity for price improvement, and the quality of order executions. Cache regularly reviews routing decisions, market centers, and test trade executions to ensure that customer orders meet Cache’s duty of best execution.

For any Rule 606 or Rule 607 requests or questions, please contact support@usecache.com.