OTC Markets Group Answers Frequently Asked 2-11 Rule Change Questions

On September 28, 2021, the SEC’s amendments to Rule 15c2-11 (“Rule 211”) will alter the regulatory landscape and allow us to bring greater organization to the OTC market.  The latest amendments recognize our operating model as a blueprint for market organization and reinforce the importance of providing transparency to the markets.

OTC Markets Group Executive Vice President of Corporate Services Jason Paltrowitz and General Counsel, Dan Zinn recently sat down to discuss some of the key changes related to Rule 211 and how these changes will impact investors. In this video, they address some of the frequently asked questions related to securities quoted on our markets:

  • What is Rule 15c2-11 and how does it impact investors?
  • How will the amendments change the way Rule 211 works?
  • From an investor perspective, what changes will occur when the September deadline goes into effect?
  • What should a company do to ensure that their investors continue to see current information for their security?
  • What happens to companies that fail to provide current information by the September 28th deadline?  What will the impact be for retail investors?
  • What role does the “Expert Market” play?
  • Why has the SEC chosen to amend this Rule?  

Please click here to watch the video:

Jason Paltrowitz is Executive Vice President, Corporate Services at OTC Markets Group, where he is responsible for managing the firm’s international and domestic Corporate Services business. Drawing upon his expertise in cross-border trading and as a recognized proponent of Reg A+ and small company capital raising, Jason is an advocate for small cap issuers, start-ups, and entrepreneurial innovators working to alleviate the cost, time and complexity associated with being a public company. Prior to joining OTC Markets in October 2013, Jason was Managing Director and Segment Head at JP Morgan Chase responsible for the custody, clearing and collateral management business in the Corporate and Investment Bank division. Jason also held multiple senior management positions at BNY Mellon, most notably, as Head of M&A for the Financial Markets and Treasury Services Sector and 11 years as the Head of the Global Capital Markets Group in the Depositary Receipt Division. Jason currently serves on the Board of Directors of the Crowdfunding Professional Association (CfPA) and also served as a member of the Board of Directors at OTC Markets Group from 2008 – 2011. Jason holds a Bachelor's degree in International Relations from Boston University and received his MBA from the NYU Stern School of Business.

%d bloggers like this: