SEC Rules 605 and 606 Disclosures
J.P. Morgan Securities LLC (“JPMS LLC”) has contracted with a vendor, S3 Matching Technologies LP, to prepare and display statistical reports required by Securities and Exchange Commission (“SEC”) Rules 605 and 606 (the “Reports”).
Rule 605 Reports
Monthly Rule 605 reports--disclosing order execution information for (a) JPMS LLC as broker-dealer (Rule 605 reporter identification code “JPBD”), (b) JPMS LLC as OTC market maker (Rule 605 reporter identification code “JPMS”), (c) JPMS LLC-operated alternative trading systems, JPM-X (Rule 605 reporter identification code “JPMX”) and JPB-X (Rule 605 reporter identification code “JPBX”), and (d) the JPMS LLC-operated single-dealer platform (Rule 605 reporter identification code “JPDA”)--are available at: https://public.s3.com/rule605/
Please note that amendments to Rule 605 were adopted by the SEC in April 2024 with a compliance date of August 1, 2026. The first reports published under the amended Rule 605 are dated September 2026 for August 2026 order data.
Rule 606 Reports
Quarterly Rule 606 reports disclosing order routing information for JPMS LLC covering periods prior to and including Q2 2024 are available at: https://public.s3.com/rule606/jpms/
Quarterly Rule 606 reports disclosing order routing information for JPMS LLC covering periods from Q2 2024 onwards are available at:
https://www.finra.org/finra-data/606-nms-data
Additional information regarding these SEC rules may be obtained from www.sec.gov or www.finra.org
The information required by Rule 605 and Rule 606 in these Reports do not encompass all of the factors that may be important to investors in evaluating the order execution and routing services of a broker-dealer or market center. JPMS LLC has a regulatory obligation and makes every effort to execute its customers’ orders at the most favorable terms possible under the circumstances surrounding the customers’ orders (the “duty of best execution”). The statistical information required by Rule 605 and Rule 606, in and of themselves, do not necessarily create a reliable basis upon which to assess whether any broker-dealer or market center has satisfied its duty of best execution.
JPMS LLC has reasonably attempted to prepare these statistics in compliance with SEC rules. However, JPMS LLC does not represent, warrant, or guarantee that the Reports are accurate, complete, and/or up-to-date. These statistics are not subject to complete and ongoing audits and, as such, may contain errors, inadvertent omissions, or the like. From time to time, JPMS LLC may become aware of systems or other errors that may affect the information provided in the Reports but that cannot be corrected before publication. JPMS LLC may, in its discretion, revise and republish these Reports and/or previous Reports for prior periods. JPMS LLC disclaims liability for any direct, indirect, punitive, special, consequential, or incidental damages related to the Reports or the use of the Reports. The information provided in the Reports may be impacted by market data system outages or errors, both internal and external, and it is dependent upon the integrity and accuracy of the data provided by outside sources. These disclaimers, apply to the current Reports, previously published Reports, and revised Reports in their entirety, irrespective of whether the Reports are used or viewed collectively or individually, in whole or in part.
Any customer of JPMS LLC may request, free of charge, information on any of the customer’s orders routed for execution by JPMS LLC in the six months prior to the request. Specifically, any customer may request the identity of the venue to which any of the customer’s orders was routed for execution, whether the order was a directed or non-directed order, and the time of any resulting transaction. In addition, hard copies of JPMS LLC’s quarterly order routing reports prepared pursuant to SEC Rule 606 are available free of charge upon request. Please contact your JPMS LLC representative to request this order routing information.