[Federal Register Volume 76, Number 70 (Tuesday, April 12, 2011)]
[Notices]
[Pages 20386-20387]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-8579]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549.
Extension:
Investor Form; SEC File No. 270-485; OMB Control No. 3235-0547.
[[Page 20387]]
Notice is hereby given pursuant to the Paperwork Reduction Act of
1995 (44 U.S.C. 3501 et seq.) that the Securities and Exchange
Commission (``Commission'') is soliciting comments on the collection of
information summarized below. The Commission plans to submit this
existing collection of information to the Office of Management and
Budget for extension and approval.
In both 2009 and 2010, the Commission received over a million
contacts from investors on a wide range of investment-related issues.
These contacts generally fall into the following three categories:
(a) Complaints against Commission-regulated individuals or
entities;
(b) Questions concerning the federal securities laws, companies or
firms that the Commission regulates, or other investment-related
questions; and
(c) Tips concerning potential violations of the federal securities
laws.
Investors who submit complaints, ask questions, or provide tips do
so voluntarily. To make it easier for the public to contact the agency
electronically, the Commission created a series of online investor
forms. Investors may access these forms through the SEC Center for
Complaints and Enforcement Tips. The Investor form, asks for the same
information as the Enforcement form, (OMB 3235-0672) but also provides
options to choose to categorize the investor's complaint, and possibly
provide the investor with information about that issue. The investor
will have the opportunity to describe their complaint, and they will be
free to submit it without their name or contact information.
Although the Investor form provides a structured format for
incoming investor correspondence, the Commission does not require that
investors use any particular form or format when contacting the agency.
To the contrary, investors may submit complaints, questions, and tips
through a variety of other means, including telephone, letter,
facsimile, or e-mail.
Approximately 20,000 investors each year voluntarily choose to use
the complaint and question forms. Investors who choose not to use the
Investor Form receive the same level of service as those who do. The
dual purpose of the form is to make it easier for the public to contact
the agency with complaints, questions, tips, or other feedback and to
streamline the workflow of the Commission staff who handle those
contacts.
The Commission has used--and will continue to use--the information
that investors supply on the Investor Form to review and process the
contact (which may, in turn, involve responding to questions,
processing complaints, or, as appropriate, initiating enforcement
investigations), to maintain a record of contacts, to track the volume
of investor complaints, and to analyze trends. Use of the Investor Form
is strictly voluntary. The Investor Form asks investors to provide
information concerning, among other things, their names, how they can
be reached, the names of the individuals or entities involved, the
nature of their complaint, question, or tip, what documents they can
provide, and what, if any, actions they have taken.
The staff of the Commission estimates that the total reporting
burden for using the complaint and question forms is 5,000 hours. The
calculation of this estimate depends on the number of investors who use
the forms each year and the estimated time it takes to complete the
forms: 20,000 respondents x 15 minutes = 5,000 burden hours.
The Commission may not conduct or sponsor a collection of
information unless it displays a currently valid control number. No
person shall be subject to any penalty for failing to comply with a
collection of information subject to the PRA that does not display a
valid Office of Management and Budget (OMB) control number.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information will
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the collection of information; (c) ways to enhance the
quality, utility, and clarity of the information collected; and (d)
ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology. Consideration will
be given to comments and suggestions submitted in writing within 60
days of this publication.
Please direct your written comments to Thomas Bayer, Chief
Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 6432 General Green Way, Alexandria, VA, 22312; or send an
e-mail to: [email protected].
Dated: April 5, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-8579 Filed 4-11-11; 8:45 am]
BILLING CODE 8011-01-P