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# Deep Tide TechFlow News
On March 17, according to disclosures on the SEC's official website, the U.S. Securities and Exchange Commission formally proposed on March 16 to revise Rule 15c2-11 under the Securities Exchange Act, with the aim of clearly limiting the scope of application of this rule to equity securities. Since its promulgation, this rule has primarily been used to regulate brokers' information collection and review obligations when publishing quotations in the over-the-counter (OTC) market, with the core objective of preventing manipulative and fraudulent trading practices in the OTC stock market. SEC Chair Paul S. Atkins stated that regulatory rules should align with the asset classes to which they apply, and this revision is intended to clarify the regulatory obligations for publishing quotations and confirm that Rule 15c2-11 has always applied solely to equity securities.