
The following statement is provided to you as required by Rule 11Ac1-3 of the Securities Exchange Act of 1934.
MDB Capital Group, LLC (“MDB”) clears through National Financial Services, LLC (“NFS”), which provides securities clearing services and is a member of the New York Stock Exchange and other major stock exchanges. From time to time, MDB will route orders through NFS, which furnishes its order flow practices to customers on an annual basis.
Payment for Order Flow Policy
MDB Capital Group, LLC receives compensation or other consideration for directing orders to particular broker-dealers or market centers for execution. Payment for order flow may take such forms as monetary payments, or rebates in the form of fee reduction or volume discounts. MDB furnishes to customers its payment for order flow and order routing policies upon establishing an account and on an annual basis.
Order Routing Policy
Absent specific order routing instructions from customers, MDB Capital Group, LLC transmits customer orders for execution to various broker-dealers, exchanges and other market centers based on a number of factors. Such factors include: the size of the order, the ability of a market center to execute orders at or superior to the publicly quoted market, the speed of execution, order fill-rate, efficient, automated transaction processing ability, and trading characteristics of the particular security and different markets of the security.