SIFMA Statement on SEC Proposed Amendments to Exchange Act Rule 15c2-11

Washington, D.C., March 16, 2026 – SIFMA today issued the following statement, from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the Securities and Exchange Commission’s proposed amendments to Exchange Act Rule 15c2-11:

“SIFMA believes the proposal today from the SEC stating that Rule 15c2-11 applies to equity securities is the right and final step in the years-long process of seeking clarity on the rule’s application.  As we have long noted, the rule was designed for and has been solely applied to equity markets for over 50 years. We appreciate the Commission’s attention to this issue.  SIFMA will review the proposal with our members and looks forward to commenting.”

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SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s one million employees, we advocate on legislation, regulation and business policy affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development.  SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA).