Search Results for keywords:"transaction records"

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Search Results: keywords:"transaction records"

  • Type:Notice
    Citation:86 FR 3216
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget (OMB) for the ongoing collection of information under Rule 15c1-7, a provision of the Securities Exchange Act. This rule requires broker-dealers to keep records of transactions made with discretion over customer accounts to avoid fraudulent or deceptive practices. The SEC estimates the rule affects 362 broker-dealers, totaling around 400,000 transactions annually, with each record taking about five minutes to complete. Public comments on this request can be submitted through the website reginfo.gov or via email.

    Simple Explanation

    The Securities and Exchange Commission wants more time to keep collecting notes from certain businesses about how they handle people's money, so they can make sure the businesses are being honest and not tricky. They're asking people to share what they think about this online.

  • Type:Notice
    Citation:86 FR 8658
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) is asking for public comments regarding the information collection involved in Rule 13h-1 and Form 13H, which concern the registration of large traders. These are rules that help the SEC gather data about traders who engage in substantial trading activities. The rules require large traders to identify themselves and provide certain information to the SEC, and also require specific broker-dealers to maintain and report transaction records related to these traders. The SEC estimates that complying with these requirements will take about 185,200 hours each year. The public can provide feedback on the necessity and effectiveness of this information collection, aiming to minimize the burden of the process.

    Simple Explanation

    The SEC, like the boss of stock trading, wants help from people to figure out if their rules for big traders are working well and are not too hard. They're asking for ideas on how to make sure the rules to keep track of big trades are fair and not too much work.

  • Type:Presidential Document
    Citation:86 FR 6837
    Reading Time:about 19 minutes

    The Presidential Executive Order 13984, issued by Donald J. Trump, addresses the threat posed by foreign cyber actors using U.S. Infrastructure as a Service (IaaS) products for malicious activities. The order requires IaaS providers to verify the identities of foreign users and maintain transaction records to help combat cyber threats. It also outlines special measures for jurisdictions or persons involved in harmful cyber activities and encourages collaboration and information sharing among IaaS providers. The order further emphasizes ensuring sufficient resources for its implementation.

    Simple Explanation

    This document is like a rule from the President telling companies that sell internet tools to check who is using their stuff, especially if those users are from other countries, to stop bad guys from being sneaky. It wants everyone to get along and share information, but it might be a bit tricky and cost a lot, which could be tough for smaller companies.