The Securities and Exchange Commission (SEC) is seeking comments on the information collection for Rule 19h-1 under the Securities Exchange Act. This rule involves the process self-regulatory organizations follow when allowing individuals with misconduct records to continue or join the securities business. Public feedback is invited on the need for this information, its utility, the accuracy of the estimated time burden, and suggestions to enhance the data collection process. Comments should be submitted within 60 days of the publication date, by May 5, 2025.
Simple Explanation
The SEC wants to hear what people think about a rule that helps decide if people who have done bad things can keep working in finance; they ask for feedback to make the rule better by May 5, 2025.