10 Mar 2025
📄SEC Seeks Comments on Electronic Data Collection System Updates
Submission for OMB Review; Comment Request; Extension: Electronic Data Collection System and Form TCR
Summary
The Securities and Exchange Commission (SEC) invites comments on the updates to its Electronic Data Collection System, designed for public reporting of tips, complaints, and referrals. The system aims to streamline submissions and gather essential information about potential securities law violations, requiring compliance from business owners and whistleblowers alike.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC is soliciting comments on updates to the Electronic Data Collection System and Form TCR, which could affect how businesses report suspicious activities. Compliance and regulatory requirements to submit information are highlighted, impacting potential business practices and legal obligations.