SEC extends paperwork approval for broker-dealer interest payments
Published Date: 7/27/2026
Notice
Summary
No summary available.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Brokers Must Disclose Deal Interest
Rule 15c1-6 requires that any broker-dealer selling to or buying from you a security in a primary or secondary distribution in which the broker-dealer is participating or financially interested must give you written notice. The written notification must be provided at or before completion of the transaction.
Annual Paperwork Burden on Brokers
The SEC estimates about 325 broker-dealer respondents will spend about 10 hours each per year complying with the Rule 15c1-6 information collection, for a total annual burden of approximately 3,250 hours. The notice seeks public comment on that estimate and on ways to reduce the burden under the Paperwork Reduction Act.
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