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Form 15 second rule refers to a regulation that requires certain entities to report securities transactions within 15 seconds of execution.
Entities such as security exchanges, alternative trading systems, and certain broker-dealers are required to file form 15 second rule.
Form 15 second rule can be filled out electronically through the designated reporting system provided by regulatory authorities.
The purpose of form 15 second rule is to increase transparency in the securities market by providing real-time information on transactions.
Form 15 second rule requires reporting of details such as security symbol, quantity, price, and time of transaction.
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