Search Results for keywords:"Form TCR"

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 its plan to extend and update two collections of information: the Electronic Data Collection System database and Form TCR (Tip, Complaint, or Referral form). The database will use technology to help individuals easily file complaints online, averaging 30 minutes per submission, while Form TCR can be completed in about 1.5 hours for whistleblowers reporting potential federal securities law violations. The SEC is looking for feedback on the necessity, accuracy, and ways to improve and reduce the burden of these information collections and encourages public input before the deadline of April 10, 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.