SMA Alliance, Inc. (SMAA)

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HAS EVERYONE READ THROUGH THIS ARTICLE,,,CHANGES HAVE BEEN MADE,,,
OTC Markets Group Comment Letter in Response to the SEC’s Rule 15c2-11 Rule Proposal and Concept Release (December 30, 2019)

SEC Rule 15c2-11 governs the publication of quotes in interdealer quotation systems, including our OTC Link ATS. The SEC recently proposed amendments to the Rule, and our comments are designed to facilitate an industry-wide discussion that ultimately leads to a successful final rule. Our suggestions include ways the Rule can help improve market efficiency, provide greater transparency, enhance investor protection and reduce certain regulatory burdens on broker-dealers. Our preliminary comment letter was submitted on November 25, 2019.