Changes to the SEC Rule 15c2-11 went into effect on September 28, 2021. The new rules address amended 15c2-11 application requirements, requirements for public disclosure of information before quoting a security, unsolicited quotes, and the expanded role of the OTC Markets Group. See our previous articles about the exact requ
Category: 15c2-11 Application
In September 2020, the SEC amended Rule 15c2-11 to enhance the OTC Market's efficiency and facilitate capital formation for issuers. We published an article outlining all the details here.
OTC Markets lists a significant 11,000 stocks not listed on national exchanges. The market caters to almost all kinds of industries and co
On Sept. 16, 2020, the SEC adopted amendments to Exchange Act Rule 15c2-11 directing broker-dealers not to publish security quotations in the absence of issuer's current information, subject to certain exceptions. The amended rule enhances the efficiency of the OTC market and facilitates capital formation for issuers. Exchange A
The Securities and Exchange Commission recently released a sweeping proposal to amend Rule 15c2-11 and provide a pathway to de-list currently trading OTC securities that are delinquent in their financial reporting or are shell companies. This new rule will modernize the existing Rule, updating several areas including rules about
Effective December 12, 2019, the OTCQX rules to list and maintain a company on the OTCQX have been modified. The OTCQX listing holds the highest level of entry compared to its kinship with other market tiers on OTC Markets, and inherently has "high standards". By complying to these recent changes, issuers can still remain on
On April 12, 2017, the Financial Industry Regulatory Authority (FINRA) published three regulatory notices proposing amendments to three of their rules regarding capital formation, corporate financing, and safe harbor, respectively. The first notice describes FINRA as a self-regulatory organization (SRO) with primary emphases on
OTC Markets recently announced that OTCQX companies that currently utilize the Alternative Reporting Standard (ARS) may be eligible to trade via the OTCQB Venture Market if they meet a certain temporary exemption beginning on May 18, 2017. These companies will be eligible if they do not meet the new higher OTCQX financial standa