The proposed amendments to Rule 15c2-11 by the Securities and Exchange Commission (“SEC”) were examined in a recent article authored by Cromwell Coulson on OTCMarkets.com titled, ‘Exploring the Investor Impact of an SEC Rule Proposal’. Among other highlights, the article provides examples of how the changes would impact individual and professional investors, start-ups and early stage companies, companies in liquidation and investments in special purpose acquisition companies. Per the article, the proposed amendments are intended to incentivize additional company disclosure in the public markets, although there could be a wide variety of implications that will decrease market efficiency in some areas. “With the OTC markets serving a wide range of investors, brokers, advisors and public companies, it is important that market participants understand and share their comments with the SEC. We all share a common goal that the rule proposal is modernized in a streamlined manner that improves secondary trading in all securities and increases the competitiveness of America’s public markets,” OTC Markets CEO Cromwell Coulson stated in the article.
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About OTC Markets Group
OTC Markets Group operates the OTCQX Best Market, the OTCQB Venture Market, and the Pink®Open Market for 10,000 U.S. and global securities. Through OTC Link ATS, it connects a diverse network of broker-dealers that provide liquidity and execution services. The group enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. For more information, visit www.OTCMarkets.com.
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