Tower Research Capital is issuing this warning to the public to be alert for cryptocurrency scams, fraudulent offers, and fraudulent communications by individuals or entities purporting to be affiliated with Tower Research.
Please be aware that Tower Research and its affiliates do not open accounts for individual investors to trade cryptocurrencies, securities, futures or commodities and do not accept money from individual investors in connection with any type of trading account.
In addition, Tower Research does not own, market or advertise any mobile applications or websites that allow individual investors to trade cryptocurrencies, securities, futures or commodities.
If you have been contacted by anyone purporting to be acting on behalf of or in connection with Tower Research to trade cryptocurrency, be aware that these individuals are not authorized representatives of Tower Research.
If you believe you have been the victim of a fraud, contact your local FBI office via its Internet Crime Complaint Center at https://www.ic3.gov/ or local equivalent to report the fraud. Note also that on October 3, 2022, the Federal Bureau of Investigations released a Public Service Announcement on Cryptocurrency Investment Schemes. Please see https://www.ic3.gov/Media/Y2022/PSA221003.
605 Reports
March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021
January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022
January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023
January 2024 February 2024 March 2024
Important Note
On November 17, 2000, the Securities and Exchange Commission (“SEC”) adopted Rule 605 to improve public disclosure of execution practices.
SEC Rule 605 requires securities exchanges, alternative trading systems, market makers and other market centers to publicly disclose statistics in a number of standardized categories.
The required statistics are intended to provide a baseline to facilitate comparisons of execution quality among and between market makers, alternative trading systems, and other trading venues. However, they do not provide a complete comparison across trading venues, because each venue's statistics reflect only the types of orders it has received which are in turn based on each client's particular objectives. Accordingly, the statistics do not create a complete and reliable basis on which to assess whether the broker-dealer that routed the order obtained the most favorable terms under the circumstances for its orders. From time to time the Firm may determine it necessary to update its monthly Rule 605 data. All reports, original and amended, are available upon request.
We have made every attempt to prepare these statistics in compliance with the SEC's rules. However, these statistics have not been audited and may contain errors. Accordingly, any decision about whether to direct orders to the Firm should not be based solely on these statistics, but on an evaluation of the full range of services that we provide.
Please visit the SEC Web site for more information on the (Disclosure of SEC-Required Order Execution and Routing Practices) , answers to Frequently Asked Questions about Rule 11Ac1-5 ( Staff Legal Bulletin No. 12R ) and Rule 605 (Rule 605 FAQs), and the format of the monthly reports ( Text of Joint-SRO Plan )