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BUYandHOLD
A Division of Freedom Investments, Inc. 375 Raritan Center Parkway Edison, NJ 08837 (800) 646-8212 |
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SEC Rule 11Ac1-6 Report (Second
Quarter 2008)
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| BUYandHOLD, a division of Freedom
Investments, Inc., a wholly owned subsidiary of Oppenheimer & Co.Inc.,
has prepared this report pursuant to a U.S. Securities and Exchange Commission
rule 11Ac1-6 requiring all brokerage firms to make publicly available quarterly
reports to their order routing practices. This report provides information
on the routing of ?non-directed orders? ? any order that the customer has
not specifically instructed to be routed to a particular venue for execution.
For these non-directed orders, Freedom has selected the execution venue
on behalf of its customers. For each section, this report identifies the venues most often selected by BUYandHOLD, sets forth the percentages of various types of orders routed to the venues, and discusses the material aspects of BUYandHOLD?s relationship with the venues. |
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I. Securities Listed on the
New York Stock Exchange:
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NYSE
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Non-directed
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Market
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Limit
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Other
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| Total Orders | 100% | 100% | NA | NA |
| Oppenheimer & Co. Inc. | 100% | 100% | NA | NA |
| BUYandHOLD routes orders to Oppenheimer & Co. Inc. BUYandHOLD does not receive payment for order flow. The amount of payment is based upon a formula that reflects the immediate marketability, the spread, and the size of the order. | ||||
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II. Securities Listed on the
American Stock Exchange:
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AMEX
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Non-directed
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Market
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Limit
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Other
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| Total Orders | 100% | 100% | NA | NA |
| Oppenheimer & Co. Inc. | 100% | 100% | NA | NA |
| BUYandHOLD routes orders to Oppenheimer & Co. Inc. BUYandHOLD does not receive payment for order flow. The amount of payment is based upon a formula that reflects the immediate marketability, the spread, and the size of the order. | ||||
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III. Securities Listed on the
Nasdaq Stock Market:
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NASDAQ
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Non-directed
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Market
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Limit
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Other
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| Total Orders | 100% | 100% | NA | NA |
| Oppenheimer & Co. Inc. | 100% | 100% | NA | NA |
| BUYandHOLD routes orders to Oppenheimer & Co. Inc. BUYandHOLD does not receive payment for order flow. | ||||