Market Access Rule (Rule 15c3-5)
Requires brokers with direct market access to run risk controls that block erroneous or non-compliant orders before they reach an exchange. 5 records cite it, filed 2013 to 2017.
Official text: 17 C.F.R. 240.15c3-5 (LII)
Counts
By year filed
- 2013: 1
- 2014: 1
- 2016: 2
- 2017: 1
By agency
- SEC: 5
By status
- Settled: 5
Technique mix
Most recent matched records
- SEC v. Wilson-Davis & Company, Inc. (naked short selling debate, 2017)
- SEC v. Byron B. Barkley and Paul N. Davis (naked short selling debate, 2016)
- SEC v. Wilson-Davis & Company, Inc. (naked short selling debate, 2016)
- SEC v. Wedbush Securities Inc., Jeffrey Bell and Christina Fillhart (market access controls, 2014)
- SEC v. Knight Capital Americas LLC (2013)
All 5 matched records
- SEC v. Wilson-Davis & Company, Inc. (naked short selling debate, 2017)
- SEC v. Byron B. Barkley and Paul N. Davis (naked short selling debate, 2016)
- SEC v. Wilson-Davis & Company, Inc. (naked short selling debate, 2016)
- SEC v. Wedbush Securities Inc., Jeffrey Bell and Christina Fillhart (market access controls, 2014)
- SEC v. Knight Capital Americas LLC (2013)
What this does not show
These are statutes cited in the record's document where it charges, finds or alleges a violation, not necessarily proven ones. Dismissed and pending matters count as alleged. A release that names no section is not matched, so counts understate use of this provision. The plain-language meaning is a summary, not legal advice.