The Securities and Exchange Commission (SEC) has issued a proposed rule (S7-2026-08) to amend Rule 15c2-11 under the Securities Exchange Act of 1934. The amendments specifically target equity securities and aim to refine the information gathering and review requirements for brokers and dealers that publish quotations or maintain a continuous quoted market in the over-the-counter (OTC) market. The stated purpose of these revisions is to continue preventing manipulative and fraudulent trading schemes within these markets.

Regulated entities, particularly brokers and dealers involved in OTC equity securities, should review the proposed amendments. Public comments are invited, with a deadline of 60 days after publication in the Federal Register. While no specific compliance deadline is provided in this notice, affected parties should prepare for potential changes to existing information gathering and review processes once the rule is finalized. Failure to comply with future requirements could result in enforcement actions by the SEC.