The U.S. Chamber of Commerce (“Chamber”) appreciates the opportunity to comment on the proposed rule from the Securities and Exchange Commission (“SEC”) regarding amendments to Rule 15c2-11 under the Securities Exchange Act of 1934 (“Proposal”).
The Chamber strongly supports the Proposal, which clarifies the original intent of Rule 15c2-11 and addresses misapplication of the rule to fixed-income markets. The Chamber has previously expressed its concerns that applying Rule 15c2-11 to fixed-income securities adversely impacts market liquidity and efficiency, reduces price transparency, and inhibits electronic trading.
