US SEC Proposes to Amend Broker Rule 15c2-11, Excluding Crypto Assets from Scope of Application

MarsBitNews · 2026-03-17T01:15:33+00:00

The U.S. Securities and Exchange Commission proposes to amend Rule 15c2-11 under the Exchange Act to clarify that it applies solely to equity securities, in order to regulate the collection and review of quotation information in OTC markets and prevent manipulative and fraudulent trading.

MarsBitNews

2026-03-17 01:15:33

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Mars Finance News: The U.S. Securities and Exchange Commission (SEC) has officially proposed today to revise Rule 15c2-11 under the Securities Exchange Act, aiming to explicitly limit the scope of the rule to equity securities. Since its promulgation, this rule has primarily been used to regulate the collection and review obligations of brokers when publishing quotes in the over-the-counter (OTC) market. Its core purpose is to prevent manipulative and fraudulent trading activities in the OTC stock market. SEC Chairman Paul S. Atkins stated that regulatory rules should align with the asset classes they apply to. This revision aims to clarify the regulatory obligations for publishing quotes and to explicitly confirm that Rule 15c2-11 always applies only to equity securities.

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