August 17, 2022

Rule 15c2-11: SEC “Clarification” of Broker-Dealer Focused Rule Sending Shockwaves Through Debt Capital Markets


This PLI briefing provides an overview of a December 2021 Securities Exchange & Commission (SEC) clarification in which it would begin applying Rule 15c2-11 to broker-dealer quotations for fixed income securities, including securities traded under Rule 144A among qualified institutional buyers. This “clarification” would require private “Rule 144A” issuers to make financial and other information publicly available before broker-dealers could provide quotations for their securities.

Mayer Brown partner Eddie Best will participate in this timely discussion on the basics of Rule 15c2-11, the SEC’s new clarification applying the rule to fixed income securities, and other relevant topics.

For more information, please visit the event website.

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