Rule 15c2-11
Rule 15c2-11 requires that current public information about an issuer exists before a broker-dealer may publish quotations in its securities. Its 2020 amendments substantially reduced the population of quoted shell companies.
Where does rule 15c2-11 come up?
This term is used in the following manipulation techniques, each explained in full on its own page.
Enforcement actions involving these techniques
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEC v. Imran Husain, et al. (shell factories, 2019) | SEC | 2019-08-06 | Shell Factories | — | judgment |
| SEC v. Tiber Creek Corp. and James M. Cassidy (shell factories, 2019) | SEC | 2019-03-26 | Shell Factories | $75k | judgment |
| SEC v. Delaney Equity Group LLC, David C. Delaney and Ian C. Kass (reverse merger schemes, 2018) | SEC | 2018-08-29 | Reverse Merger Schemes , Shell Factories +1 | — | settled |
| SEC v. Diane J. Harrison, Michael J. Daniels and Catherine A. Bradaick-Zolla (shell factories, 2018) | SEC | 2018-04-30 | Shell Factories , Undisclosed Control Blocks | — | judgment |
| SEC v. Imran Husain, et al. (shell factories, 2017) | SEC | 2017-05-24 | Shell Factories , Undisclosed Control Blocks | — | filed |