Bitpush News: The U.S. Securities and Exchange Commission (SEC) proposed amendments to Rule 15c2-11 of the Exchange Act on March 16.

The rule sets information collection and review requirements for broker-dealers who publish quotes or maintain continuous quote markets in the over-the-counter trading market. The proposed revision explicitly limits the scope of Rule 15c2-11 to equity securities. SEC Chairman Paul S. Atkins stated that regulations should be appropriately adjusted according to the asset class to which they apply, and this proposal aims to clarify regulatory obligations when publishing quotes. The proposal has been published on the SEC official website, and the public comment period is 60 days from the date of publication in the Federal Register.