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The Securities and Exchange Commission (SEC) is asking for public comments on the extension of two information collections related to its Electronic Data Collection System and Form TCR, both of which help gather information on potential securities law violations. The SEC estimates that submitting a tip, complaint, or referral online takes about 30 minutes, while completing a hard copy Form TCR takes about 1.5 hours. The SEC invites feedback on whether these collections are necessary, the accuracy of the time estimates, and ways to improve or reduce the burden of these processes. Comments are due by February 24, 2025.

The Securities and Exchange Commission (SEC) is seeking public comments on the renewal of information collection forms related to its whistleblower program, as per the Paperwork Reduction Act. The program, established under the Dodd-Frank Act, compensates whistleblowers who aid in enforcing securities law violations. Two forms are involved: Form TCR, which is used to report violations, taking about 1.5 hours to complete, and Form WB-APP, used to claim awards, requiring approximately 2 hours to fill out. Over the past years, the SEC has reported receiving an average of 560 TCR submissions and 215 WB-APP submissions annually, resulting in an estimated yearly reporting burden of 1,270 hours. Public feedback is encouraged within 30 days of this notice.