This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

US SEC proposal seeks to clarify that Rule 15c2-11 applies only to equity securities

( March 16, 2026, 21:30 GMT | Official Statement) -- MLex Summary: A proposed US Securities and Exchange Commission rule change aims to clarify that the rule applies only to equity securities, not to debt securities as well, according to Commissioner Hester Peirce. Rule 15c2-11 governs publication of securities quotes by broker-dealers in the over-the-counter market. But after the SEC changed the rule in 2020, market participants expressed confusion about its application to fixed-income securities. Eventually, the SEC issued permanent exemptive relief from the rule for some debt securities. "But by then, we had fostered uncertainty in this market and wasted the resources of the industry, and our staff, for multiple years and for no good reason," said Peirce, who voted to issue this proposal for public comment.Full statement follows:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections