SEC Rules 605 and 606 Disclosures
(formerly Rules 11Ac1-5 and 11Ac-6)

On November 15, 2000, the Securities and Exchange Commission adopted new rules mandating the public disclosure of order execution and routing practices. The rules require that Morgan Stanley and other market centers that trade national market system securities provide specific information concerning the quality of their executions on a stock-by-stock basis. Links to and information about the rules are provided here:

http://www.sec.gov/rules/final/34-43590.htm
http://www.sec.gov/interps/legal/mrslb13a.htm
http://www.sec.gov/interps/legal/slbim12rappxa.htm
http://www.sec.gov/rules/final/34-51808.pdf

Morgan Stanley is committed to seeking the most favorable terms reasonably available under the circumstances when executing and/or routing our customers' orders.

MSCO's SEC Rule 605 Report is available on the VistaOne Regulatory Services Website.

To view MSCO's current SEC Rule 605 Report, click on the following link: http://www.tta.thomson.com/msi/download.jsp?clientid=msco.

Click on the quarter below to view MSCO's SEC Rule 606 Report on Routing of Customer Orders

Quarter Ending June 30, 2014

To view Morgan Stanley Smith Barney LLC’s Rule 606 Report for the most recent quarter, click on the following link: http://vrs.vista-one-solutions.com/reports/1-6/mssb/

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