6 Aug 2025
📝SEC Notice on Information Collection Activities for Rule 19d-3
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 19d-3
Summary
The SEC announces its intent to extend the information collection requirements under Rule 19d-3, detailing the process for individuals and firms appealing disciplinary actions from self-regulatory organizations. The proposal emphasizes compliance and the associated burdens, inviting public comment on the collection’s necessity and efficiency.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content discusses Rule 19d-3, which involves compliance requirements for businesses seeking SEC review of disciplinary actions. This necessitates the filing of applications, incurring both time and financial burdens, impacting operational costs for affected firms.