Rule 15c2-11, 17 CRF 240.15c2-11 (Publication or submission of quotations without current information)

Rule 15c2-11, adopted September 13, 1971, effective December 13, 1971 (see 36 FR 18641), prohibits broker-dealers from establishing arbitrary quotations for infrequently traded over-the-counter securities and from fraudulent or manipulative trading of the securities of shell corporations by requiring broker-dealers to 1) review information about the issuer when they first publish or resume publishing a quotation for a covered security; 2) document that review; and 3) make the information available to other persons upon request.

The latest form for Rule 15c2-11, 17 CRF 240.15c2-11 (Publication or submission of quotations without current information) expires 2023-07-31 and can be found here.