# Publication or Submission of Quotations Without Specified Information
> **US Securities and Exchange Commission** · Final rule. · Published 2020-10-27 · Effective 2020-12-28 · 85 FR 68124
## Document
- **Document number:** 2020-20980
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 85 FR 68124
- **CFR reference:** 17 CFR 230
- **Publication date:** 2020-10-27
- **Effective date:** 2020-12-28
- **Docket:** Release Nos. 33-10842
## Abstract

The Securities and Exchange Commission (the "SEC" or the "Commission") is adopting amendments to Rule 15c2-11 (the "Rule") under the Securities Exchange Act of 1934 (the "Exchange Act"), which governs the publication of quotations for securities in a quotation medium other than a national securities exchange, i.e., over-the- counter ("OTC") securities. The amendments are designed to modernize the Rule, promote investor protection, and curb incidents of fraud and manipulation by, among other things: Requiring information about issuers to be current and publicly available for broker-dealers to quote their securities in the OTC market; narrowing reliance on certain exceptions from the Rule's requirements, including the piggyback exception; adding new exceptions for the quotations of securities that may be less susceptible to fraud and manipulation; removing obsolete provisions; adding new definitions; and making technical amendments.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2020/10/27/2020-20980/publication-or-submission-of-quotations-without-specified-information)
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