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SEC | RIN: 3235-AH40 | Publication ID: Fall 2010 |
Title: Publication or Submission of Quotations Without Specified Information | |
Abstract: As part of its efforts to respond to fraud and manipulation in the microcap securities market, the Commission proposed amendments to Rule 15c2-11. These amendments would limit the rule's piggyback provision and increase public availability of issuer information. The amendments would expand the information review requirements for non-reporting issuers and the documentation required for significant relationships between the broker-dealer and the issuer of the security to be quoted. Finally, the amendments would exclude from the rule securities of larger, more liquid issuers. | |
Agency: Securities and Exchange Commission(SEC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 17 CFR 240.15c2-11 | |
Legal Authority: 15 USC 78c 15 USC 78j(b) 15 USC 78o(c) 15 USC 78o(g) 15 USC 78q(a) 15 USC 78w(a) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Yes | Government Levels Affected: None |
Small Entities Affected: Businesses | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.sec.gov/rules/proposed/34-41110.htm | |
RIN Data Printed in the FR: Yes | |
Agency Contact: Victoria L. Crane Division of Trading and Markets Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-5744 Fax:202 772-9355 Email: cranev@sec.gov |