Skip to Primary Navigation

Skip to main content

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

SEC building entrance
Photo: krblokhin/Getty Images

Catherine Ollinger

1 min read
Click to share on Facebook (Opens in new window/tab) Click to share on X (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

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

, , , , ,

Get full access, free for a month

Start your 28-day free trial to continue reading and access
all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience