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| Order Routing Disclosure |
| Sec Rule 11Ac1-6: Required Report on Order Routing of Customer Orders for the Quarter Ending December 31, 2004 | ||
Century Securities Associates ("CSA") introduces transactions on a fully disclosed basis to our clearing firm, Stifel Nicolaus & Company, Incorporated ("Stifel Nicolaus"). CSA does not have any trading operations. |
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Pursuant to U.S. Securities and Exchange Rule 11Ac1-6, which requires all brokerage firms to make publicly available quarterly reports on their order routing practices, Stifel Nicolaus has prepared a report. The report provides information on the routing of "non-directed orders," which means orders that the client has not specifically instructed to be routed to a particular venue for execution. For these non-directed orders, CSA, through the trade execution services provided by Stifel Nicolaus, has selected the execution venue on behalf of its clients. |
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Below is a link that takes you to the Stifel Nicolaus public web address. From this location, please see the "Disclosures" section at the bottom of the Home page and then the "Best Execution (SEC 11A(c)1-5, 11A(c)1-6)" link. |
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www.stifel.com |
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This site will undergo maintenance every Saturday night between 10:00pm and 2:00am Central Standard Time. During this time you may not be able to access this web site.
This site is published in the United States for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Executives. Century Securities Investment Executives may only conduct business with residents of the state in which they are properly registered. The information on this website is not an offer to sell or a solicitation of an offer to buy, any security, nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale may not lawfully be made. Past performance is no guarantee of future results. For more complete information about any of the funds available through Century Securities, including their management fees, sales charges, and other expenses, please order a prospectus from one of our Investment Executives at the branch office nearest you. The prospectus should be read carefully before investing or sending money. Century Securities Associates, Inc.
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