Regulatory Alerts2020-10-27 | 2020-20980Added
Publication or Submission of Quotations Without Specified Information
The Securities and Exchange Commission adopted amendments to Rule 15c2-11 to modernize regulations governing the publication of quotations for over-the-counter securities. The rule requires broker-dealers to ensure that issuer information is current and publicly available before initiating or resuming quotes, while narrowing exceptions such as the piggyback provision. These changes aim to enhance investor protection and market transparency by curbing fraud and manipulation in the OTC market.
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