Payment for Order Flow. The U.S. Securities and Exchange Commission requires that Betterment Securities disclose any arrangement for receiving payment for directing order flow. Where permitted under applicable laws and rules, Betterment Securities reserves the right to receive remuneration (generally in the form of per-share cash payments or through profit sharing arrangements) for directing orders in securities to particular broker-dealers and market centers for execution. Client understands that this remuneration, known as "payment for order flow," is considered compensation to Betterment Securities and the source and amount of any compensation received by Betterment Securities in connection with Client’s transaction will be disclosed on written request. Betterment Securities currently has no such arrangement and does not receive compensation for securities transactions executed through designated exchanges, market makers, dealers, or market centers.
Appears in 8 contracts
Samples: Advisory Agreement, Advisory Agreement, Advisory Agreement
