Order Routing Disclosure

Regal Securities has prepared this report pursuant to U.S. Securities and Exchange Commission Rule 606, formerly Rule 11A(c)1-6, 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, which are any orders that the customer has not specifically instructed to be routed to a particular venue for execution.

Quarterly reports for non-directed order flow cleared through RBC Correspondent Services (RBC) and Hilltop Securities, Inc.(HTS) are provided below. Information regarding the routing destination and time of execution on a specific order for the preceding six months is available upon customer request.