Friday, March 13, 2015

Money Managers WAKE UP !!


Retail Investor Name

Retail Investor Mailing Address Line 1

Retail Investor Mailing Address Line 2 (Optional)

Retail Investor City, State, Zip

 

Retail Brokerage Name

Attention: Compliance Department

Retail Brokerage Mailing Address Line 1

Retail Brokerage Mailing Address Line 2 (Optional)

Retail Brokerage City, State, Zip

 

RE:  Order Routing Instructions

 

To Whom It May Concern:

 

In accordance with the definition of a directed order under Regulation NMS 242.600 and pursuant to FINRA Rule 5310 Supplementary Material .08: Customer Instructions Regarding the Routing of Orders, please allow me to direct my orders for any purchase or sale of National Market System equity securities during normal market hours (i.e., 9:30AM ET to 4:00 PM ET) to IEX Services LLC (MPID IEXG), except to the extent that I have otherwise directed you to route any of my orders elsewhere, and provided that there is no known technical issue preventing IEX Services LLC from receiving or processing my orders.  These standing order routing instructions apply to the following account(s) held at your firm:

 

            Retail Account Number 1

            Retail Account Number 2

 

I hereby acknowledge that, pursuant to FINRA Rule 5310, by routing my order(s) to IEX Services LLC, your firm is not required to make a best execution determination beyond this specific instruction, although you remain obligated to process my order(s) promptly and in accordance with the terms of the order(s).  I further acknowledge that IEX Services LLC is required to meet best execution requirements with respect to handling my order(s), including possibly routing such order(s) to other market centers.  As such, any of my orders sent to IEX Services LLC as a result of this instruction should be marked Routable which would enable my orders to be further routed via IEX Services LLC according to their routing methodology to other nationally protected market centers.  Routableensures that if IEX cannot satisfy the full quantity of my order, IEX will seek to complete the remainder of my order up or down to my specified buy/sell limit price on other market centers. 

 

I understand that IEX Services LLC charges a fee of $0.0009 per share for orders executed on IEX Services LLCs platform, or $0.0001 per share for orders routed by IEX Services LLC to another market center for execution (plus any fees charged by any such market center).

 

Please be sure to contact me if you have any questions regarding this request.  Likewise, please notify me if you are unable to honor this request, including when you will be able to honor the request, and whether I will be charged any additional fees specific to this request.  I can be reached via the contact information below.

 

Sincerely,

 

Your name and signature

Contact Information (telephone and/or email)

Native American Advisors CHIPPEWA PARTNERS