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

CycleProphet · 2026-03-17T00:30:33+00:00

The U.S. Securities and Exchange Commission on March 16 proposed amendments to Rule 15c2-11 of the Exchange Act, limiting its scope to equity securities to prevent manipulation and fraud in the OTC market and clarify regulatory obligations for publishing quotations.

CycleProphet

2026-03-17 00:30:33

Abstract generation in progress

Deep Tide TechFlow News, March 17 — According to the SEC official website, the U.S. Securities and Exchange Commission officially proposed amendments to Rule 15c2-11 of the Securities Exchange Act on March 16. The proposed changes aim 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 broker-dealers 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. The proposed revisions seek to clarify the regulatory obligations for publishing quotes and to explicitly confirm that Rule 15c2-11 always applies solely to equity securities.

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