Full question:
I am looking for a special government-disclosure form used by brokerage agencies for trading stocks.
- Category: Forms
- Date:
- State: California
Answer:
I'm not sure which disclosure you're referring to. The Securities and Exchange Act of 1934 (Exchange Act) Rule 15c2-11 governs the submission and publication of quotations by brokers and dealers for certain non-Nasdaq over-the-counter equity securities. The rule deals with a broker's quotations in an inter-dealer quotation service, including the OTC Bulletin Board and the Pink Sheets. Under the rule, brokers and dealers are required to review and maintain specified information about the issuer of the security before publishing a quotation for that security.
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.
