2026-15281NoticeWallet

Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 15c2-1

Published Date: 7/29/2026

Notice

Summary

No summary available.

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Ban on Commingling Without Consent

Rule 15c2-1 says broker-dealers cannot commingle securities of their margin customers with the broker-dealer's own securities or with securities of other customers unless the customer gives written consent. This rule applies under the Securities Exchange Act and is intended to protect margin account customers.

Limit on Re-hypothecation Amounts

Rule 15c2-1 prohibits broker-dealers from re-hypothecating (pledging) a customer's margin securities for an amount greater than the customer's aggregate indebtedness. This restricts how much of your margin securities a broker-dealer can use to secure its own obligations.

Notice and Written-Consent Requirements

Under Rule 15c2-1, broker-dealers must collect information to prevent improper re-hypothecation, issue and keep copies of hypothecation notices to customers, and collect customers' written consents. That means if your securities are to be hypothecated or commingled, you should receive a notice and be asked for written consent.

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Key Dates

Published Date
7/29/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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