SEC Seeks Comments to Extend Anti-Fake-Quote Rule Paperwork Burden
Published Date: 4/1/2026
Notice
Summary
The SEC is asking for comments to keep collecting info under Rule 15c2-11, which helps stop shady broker-dealers from posting fake stock quotes for over-the-counter (OTC) securities. This rule affects about 196 broker-dealers and a few other market groups, requiring them to review info before sharing quotes. The paperwork takes a lot of time—over 1.7 million hours yearly—but helps keep the market honest and safe.
No Economic Impacts Identified for this Document
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Key Dates
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