TechFlow News: On March 17, according to disclosures on the U.S. Securities and Exchange Commission (SEC) official website, the SEC formally proposed on March 16 to amend Rule 15c2-11 under the Securities Exchange Act of 1934, clarifying that the rule’s applicability is explicitly limited to equity securities. Since its inception, this rule has primarily governed broker-dealers’ information collection and review obligations when publishing quotations in the over-the-counter (OTC) market, with the core objective of preventing manipulative and fraudulent trading practices in OTC equity markets. SEC Chair Paul S. Atkins stated that regulatory rules should align with the asset classes they govern; this amendment aims to clarify quotation-publishing regulatory obligations and affirm that Rule 15c2-11 has always applied solely to equity securities.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
