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SEC proposal offers clarity regarding Exchange Act Rule 15c2-11

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Photo: krblokhin/Getty Images

Catherine Ollinger

1 min read
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The amendment would swap out the term “security” currently included in the rule and replace it with “equity security.”

An SEC rule instated in the US in 1971 could be due for another update.

According to an announcement from the regulator on March 16, the SEC is proposing amendments that would effectively narrow the scope of its Exchange Act Rule 15c2-11, which currently requires a broker or a dealer to

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