SEC Proposes to Limit Rule 15c211 to Equity Securities, Excluding Crypto Assets

The U.S. Securities and Exchange Commission proposed amendments to Exchange Act Rule 15c211 on March 16 that would limit its application to equity securities and explicitly exclude crypto assets, Odaily Planet Daily reports. The rule establishes information collection and review obligations for broker-dealers publishing or maintaining continuous quotations in over-the-counter markets. SEC Chairman Paul S. Atkins said regulations should be tailored to the asset classes they cover, noting the proposal aims to clarify regulatory duties for publishing quotations. A 60-day public comment period will begin upon the proposal's publication in the Federal Register.