SEC Rule 606 Report - Burnham Securities Inc - 4th Qtr, 2011

(Percentages of Total Non-Directed Orders Routed to Individual Route Venues)


Securities Listed on New York Stock Exchange Euronext
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 40 48 12
JP Morgan Securities 70.30 51.77 85.20 72.58
Getco Execution Services 13.26 28.70 3.59 0.62
Knight Capital Americas 10.84 18.90 2.91 15.46
69.07% of total customer orders were non-directed orders.

Securities Listed on The Nasdaq Stock Market
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 4 75 21
JP Morgan Securities 96.33 68.77 98.57 94.08
90.37% of total customer orders were non-directed orders.

Securities Listed on NYSE Amex or Regional Exchanges
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 15 77 9
JP Morgan Securities 89.80 64.44 99.14 50.00
Knight Capital Americas 4.61 11.11 0.00 34.62
79.17% of total customer orders were non-directed orders.

Exchange-Listed Options
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 0 100 0
JP Morgan Securities 91.48 0.00 91.48 0.00
Intl Securities Exchange 8.52 0.00 8.52 0.00
46.68% of total customer orders were non-directed orders.


Material Aspects of Relationship with Route Venues
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