Limiting the rule’s scope to OTC equities protects fixed income market liquidity, transparency, and investor outcomes.
Washington, D.C. — MFA supported the Securities and Exchange Commission’s (SEC) proposal to clarify that Rule 15c2-11 applies only to over-the counter (OTC) equity securities, not fixed income markets, in a comment letter submitted today. The rule requires broker-dealers to verify certain issuer information before publishing quotations and has historically applied to OTC equity...
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