Full question:
I am looking for a special government-disclosure form used by brokerage agencies for trading stocks.
- Category: Forms
- Date:
- State: California
Answer:
The Securities and Exchange Act of 1934 (Exchange Act) Rule 15c2-11 regulates how brokers and dealers submit and publish quotations for certain non-Nasdaq over-the-counter equity securities. This rule requires brokers to review and keep specific information about the issuer of a security before they can publish a quotation for that security. This applies to quotations in inter-dealer quotation services like the OTC Bulletin Board and the Pink Sheets.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.