| Wallach Beth Capital LLC has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make publicly available quarterly reports on their order routing practices. The 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, Wallach Beth Capital LLC has selected the execution venue on behalf of its customers. The report is divided into four sections: one for securities listed on the New York Stock Exchange and reported as a Network A eligible security; one for securities listed on The Nasdaq Stock Market; one for securities listed on the American Stock Exchange or regional exchanges and reported as a Network B eligible security; and one for exchange-listed options. For each section, this report identifies the venues most often selected by Wallach Beth Capital LLC, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of Wallach Beth Capital LLC's relationship with the venues. |
| Payment for Order Flow Disclosure WallachBeth Capital LLC. may receive remuneration for directing orders to a particular broker/dealer or execution venue through which your transaction is executed. Such remuneration is considered compensation to us and the source and amount of any compensation will be disclosed upon written request. |