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. Gregg Evan Jaclin, Esq. (shell factories, 2019) | SEC | 2019-08-06 | Shell Factories | — | judgment |
| SEC v. Imran Husain, et al. (shell factories, 2019) | SEC | 2019-08-06 | Shell Factories | — | judgment |
| SEC v. Dov Zaidman, CPA and and ZBS Group LLP (shell factories, 2019) | SEC | 2019-04-22 | Shell Factories | — | settled |
| SEC v. Delaney Equity Group LLC Delaney and others (reverse merger schemes, 2018) | SEC | 2018-08-29 | Reverse Merger Schemes , Shell Factories +1 | $20k | settled |
| SEC v. Jay C. Lake, CPA (shell factories, 2018) | SEC | 2018-07-17 | Shell Factories | — | settled |