Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of Proposed Rule Change To Amend FINRA Rule 8210 To Require Information Provided via Portable Media Device Be Encrypted, 36461-36463 [2010-15359]
Download as PDF
Federal Register / Vol. 75, No. 122 / Friday, June 25, 2010 / Notices
B. Self-Regulatory Organization’s
Statement on Burden on Competition
NASDAQ does not believe that the
proposed rule change will result in any
burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act, as amended.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments were neither
solicited nor received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Within 35 days of the date of
publication of this notice in the Federal
Register or within such longer period (i)
as the Commission may designate up to
90 days of such date if it finds such
longer period to be appropriate and
publishes its reasons for so finding or
(ii) as to which the self-regulatory
organization consents, the Commission
will:
(A) By order approve such proposed
rule change, or
(B) Institute proceedings to determine
whether the proposed rule change
should be disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change, as amended, is consistent with
the Act. Comments may be submitted by
any of the following methods:
mstockstill on DSKH9S0YB1PROD with NOTICES
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include File
Number SR–NASDAQ–2010–068 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Elizabeth M. Murphy, Secretary,
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–1090.
All submissions should refer to File
Number SR–NASDAQ–2010–068. This
file number should be included on the
subject line if e-mail is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
Internet Web site (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
VerDate Mar<15>2010
16:23 Jun 24, 2010
Jkt 220001
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for Web site viewing and
printing in the Commission’s Public
Reference Room, 100 F Street, NE.,
Washington, DC 20549, on official
business days between the hours of 10
a.m. and 3 p.m. Copies of such filing
also will be available for inspection and
copying at the principal office of the
Exchange. All comments received will
be posted without change; the
Commission does not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File Number SR–
NASDAQ–2010–068 and should be
submitted on or before July 16, 2010.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–15361 Filed 6–24–10; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–62318; File No. SR–FINRA–
2010–021]
Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc.; Notice of Filing of
Proposed Rule Change To Amend
FINRA Rule 8210 To Require
Information Provided via Portable
Media Device Be Encrypted
June 17, 2010.
Pursuant to section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and rule 19b–4 thereunder,2
notice is hereby given that on June 2,
2010, Financial Industry Regulatory
Authority, Inc. (‘‘FINRA’’) filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘Commission’’) the proposed
rule change as described in Items I, II,
and III below, which Items have been
prepared by FINRA. The Commission is
publishing this notice to solicit
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
36461
comments on the proposed rule change
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
FINRA is proposing to amend FINRA
Rule 8210 to require that information
provided via portable media device
pursuant to a request under the rule be
encrypted.
The text of the proposed rule change
is available on FINRA’s Web site at
https://www.finra.org, at the principal
office of FINRA and at the
Commission’s Public Reference Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
FINRA included statements concerning
the purpose of and basis for the
proposed rule change and discussed any
comments it received on the proposed
rule change. The text of these statements
may be examined at the places specified
in Item IV below. FINRA has prepared
summaries, set forth in sections A, B,
and C below, of the most significant
aspects of such statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
FINRA Rule 8210 (Provision of
Information and Testimony and
Inspection and Copying of Books)
confers on FINRA staff the authority to
compel a member, person associated
with a member, or other person over
whom FINRA has jurisdiction, to
produce documents, provide testimony,
or supply written responses or
electronic data in connection with an
investigation, complaint, examination or
adjudicatory proceeding. The rule
applies to all members, associated
persons, and other persons over which
FINRA has jurisdiction, including
former associated persons subject to
FINRA’s jurisdiction as described in the
FINRA By-Laws.3 FINRA Rule 8210(c)
provides that a member’s or person’s
failure to provide information or
testimony or to permit an inspection
and copying of books, records, or
accounts is a violation of the rule.
FINRA is proposing to amend FINRA
Rule 8210 to require that information
provided via a portable media device
pursuant to a request under the rule be
encrypted, as discussed further below.
9 17
1 15
PO 00000
Frm 00116
Fmt 4703
3 See FINRA By-Laws, Article V, Section 4(a)
(Retention of Jurisdiction).
Sfmt 4703
E:\FR\FM\25JNN1.SGM
25JNN1
36462
Federal Register / Vol. 75, No. 122 / Friday, June 25, 2010 / Notices
mstockstill on DSKH9S0YB1PROD with NOTICES
Requiring such information to be
encrypted will help ensure that such
information, which in many instances
includes individuals’ personal
information, is protected from
unauthorized or other improper use.4
Frequently, members and persons that
respond to requests pursuant to FINRA
Rule 8210 provide information in
electronic format. Because of the size of
the electronic files, persons often
provide information in electronic format
using a portable media device such as
a CD–ROM, DVD or portable hard
drive.5 In many instances, the response
contains personal information that, if
accessed by an unauthorized person,
could be used inappropriately. For
example, a response may include a
person’s first and last name, or first
initial and last name, in combination
with that person’s: (1) Social security
number; (2) driver’s license, passport or
government-issued identification
number; or (3) financial account number
(including but not limited to number of
a brokerage account, debit card, credit
card, checking account, or savings
account). If such personal information
were to be intercepted by an
unauthorized third party, it could be
used improperly.
Data security issues regarding
personal information have become
increasingly important in recent years.6
In this regard, FINRA believes that
requiring persons to encrypt
information on portable media devices
provided to FINRA in response to
FINRA Rule 8210 requests will help
ensure that personal information is
protected from improper use by
unauthorized third parties.
The proposed rule change would
require that responding information
4 FINRA has emphasized that its members have
an obligation under existing laws to protect
confidential customer records and information
pursuant to the requirements of SEC Regulation S–
P. See, e.g., Notice to Members 05–49 (Safeguarding
Confidential Customer Information).
5 The proposed rule change defines ‘‘portable
media device’’ as a storage device for electronic
information, including but not limited to a flash
drive, CD–ROM, DVD, portable hard drive, laptop
computer, disc, diskette, or any other portable
device for storing and transporting electronic
information.
6 For example, some jurisdictions, including
Massachusetts and Nevada, have recently enacted
legislation that establishes minimum standards to
safeguard personal information in electronic
records. See, e.g., Commonwealth of Massachusetts,
201 CMR 17.00 (Standards for the Protection of
Personal Information of Residents of the
Commonwealth), effective March 1, 2010; State of
Nevada, NRS 603A.215 (Security Measures for Data
Collector that Accepts Payment Card; Use of
Encryption; Liability for Damages; Applicability),
effective January 1, 2010. These laws contain
potential penalties against persons and entities for
failures to adequately safeguard electronic
information containing personal information.
VerDate Mar<15>2010
16:23 Jun 24, 2010
Jkt 220001
from a portable media device must be
‘‘encrypted’’, i.e., the data must be
encoded into a form in which meaning
cannot be assigned without the use of a
confidential process or key. To help
ensure that encrypted information is
secure, persons providing encrypted
information to FINRA via a portable
media device would be required: (1) To
use an encryption method that meets
industry standards for strong
encryption; and (2) to provide FINRA
staff with the confidential process or
key regarding the encryption in a
communication separate from the
encrypted information itself (e.g., a
separate e-mail, fax or letter).
FINRA will announce the effective
date of the proposed rule change in a
regulatory notice to be published no
later than 60 days following
Commission approval. The effective
date will be 30 days following
publication of the regulatory notice
announcing Commission approval.
2. Statutory Basis
FINRA believes that the proposed rule
change is consistent with the provisions
of section 15A(b)(6) of the Act,7 which
requires, among other things, that
FINRA rules must be designed to
prevent fraudulent and manipulative
acts and practices, to promote just and
equitable principles of trade, and, in
general, to protect investors and the
public interest. FINRA believes that the
proposed rule change will help ensure
that personal information provided in
response to a request under FINRA Rule
8210 via a portable media device is
protected from improper use by
unauthorized third parties. Thus,
FINRA believes the proposed rule
change will help protect investors
consistent with the statutory provisions
noted above.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
FINRA does not believe that the
proposed rule change will result in any
burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments were neither
solicited nor received.
7 15
PO 00000
U.S.C. 78o–3(b)(6).
Frm 00117
Fmt 4703
Sfmt 4703
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Within 35 days of the date of
publication of this notice in the Federal
Register or within such longer period (i)
as the Commission may designate up to
90 days of such date if it finds such
longer period to be appropriate and
publishes its reasons for so finding or
(ii) as to which the self-regulatory
organization consents, the Commission
will:
(A) By order approve such proposed
rule change, or
(B) Institute proceedings to determine
whether the proposed rule change
should be disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include File
Number SR–FINRA–2010–021 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Elizabeth M. Murphy, Secretary,
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–1090.
All submissions should refer to File
Number SR–FINRA–2010–021. This file
number should be included on the
subject line if e-mail is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
Internet Web site (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for Web site viewing and
printing in the Commission’s Public
Reference Room, 100 F Street, NE.,
Washington, DC 20549, on official
E:\FR\FM\25JNN1.SGM
25JNN1
Federal Register / Vol. 75, No. 122 / Friday, June 25, 2010 / Notices
business days between the hours of 10
a.m. and 3 p.m. Copies of such filing
also will be available for inspection and
copying at the principal office of
FINRA. All comments received will be
posted without change; the Commission
does not edit personal identifying
information from submissions. You
should submit only information that
you wish to make publicly available. All
submissions should refer to File
Number SR–FINRA–2010–021 and
should be submitted on or before July
16, 2010.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–15359 Filed 6–24–10; 8:45 am]
BILLING CODE 8010–01–P
DEPARTMENT OF STATE
[Public Notice: 7067]
60-Day Notice of Proposed Information
Collection: Form DS–1622, DS–1843,
DS–1622P, and DS–1843P: Medical
History and Examination for Foreign
Service, OMB 1405–0068
mstockstill on DSKH9S0YB1PROD with NOTICES
ACTION: Notice of request for public
comments.
SUMMARY: The Department of State is
seeking Office of Management and
Budget (OMB) approval for the
information collection described below.
The purpose of this notice is to allow 60
days for public comment in the Federal
Register preceding submission to OMB.
We are conducting this process in
accordance with the Paperwork
Reduction Act of 1995.
• Title of Information Collection:
Medical History And Examination For
Foreign Service.
• OMB Control Number: 1405–0068.
• Type of Request: Revision of
Currently Approved Collection.
• Originating Office: Office of
Medical Services, M/MED/C/MC.
• Form Number: DS–1622, DS–1843,
DS–1622P, and DS–1843P.
• Respondents: Foreign Service
Officers, State Department Employees,
Other Government Employees and
Family Members.
• Estimated Number of Respondents:
7,500 per year.
• Estimated Number of Responses:
7,500 per year.
• Average Hours per Response: 1.0
hours per response.
• Total Estimated Burden: 7,500
hours.
8 17
CFR 200.30–3(a)(12).
VerDate Mar<15>2010
16:23 Jun 24, 2010
Jkt 220001
• Frequency: On occasion.
• Obligation to Respond: Mandatory.
DATES: The Department will accept
comments up to August 24, 2010.
ADDRESSES: You may submit comments
by any of the following methods:
• E-mail: silligsp@state.gov. You must
include the DS form number,
information collection title, and OMB
control number in the subject line of
your message.
• Mail (paper, disk, or CD–ROM
submissions): Department of State,
Office of Medical Services, SA–1 Room
L–101 (Attn: Susan Willig), 2401 E St.,
NW., Washington, DC 20522–0101.
• Fax: 202–663–1934.
• If you have access to the Internet,
you can view this notice and provide
comments by going to https://
www.regulations.gov/search/Regs/
home.html#home.
You must include the DS form
number (if applicable), information
collection title, and OMB control
number in any correspondence.
FOR FURTHER INFORMATION CONTACT:
Direct requests for additional
information regarding the collection
listed in this notice, including requests
for copies of the proposed information
collection and supporting documents, to
Susan Willig, Department of State,
Office of Medical Services, SA–1
Columbia Plaza Room L101 (Attn: Susan
Willig), 2401 E St., NW., Washington
DC, 20052–0101, who may be reached
on 202–663–1754 or willigsp@state.gov.
SUPPLEMENTARY INFORMATION: We are
soliciting public comments to permit
the Department to:
• Evaluate whether the proposed
information collection is necessary for
the proper performance of our
functions.
• Evaluate the accuracy of our
estimate of the burden of the proposed
collection, including the validity of the
methodology and assumptions used.
• Enhance the quality, utility, and
clarity of the information to be
collected.
• Minimize the reporting burden on
those who are to respond, including the
use of automated collection techniques
or other forms of technology.
Abstract of proposed collection: Form
DS–1622(P) and DS–1843(P) are
designed to collect medical information
to provide medical providers with
current and adequate information to
base decisions on medical suitability for
a federal employee and family members
for assignment abroad. DS–1622 is for
Children 11 years and under. DS–1843
is for Children 12 years and older. All
forms will allow medical personnel to
verify that there are sufficient medical
PO 00000
Frm 00118
Fmt 4703
Sfmt 4703
36463
resources at a diplomatic mission
abroad to maintain the health and
fitness of the individual and family
members within the Department of State
medical program.
Methodology: The information
collected will be collected through the
use of an electronic forms engine or by
hand written submission using a preprinted form.
Dated: June 22, 2010.
Sharon Ludan,
Executive Director, Office of Medical Services,
Department of State.
[FR Doc. 2010–15475 Filed 6–24–10; 8:45 am]
BILLING CODE 4710–36–P
DEPARTMENT OF TRANSPORTATION
Office of the Secretary
[DOT–OST–2010–0025]
Notice of Request for Renewal of a
Previously Approved Collection
Office of the Secretary, DOT.
Notice and request for
comments.
AGENCY:
ACTION:
SUMMARY: In accordance with the
Paperwork Reduction Act of 1995 (44
U.S.C. chapter 35, as amended) this
notice announces that the Information
Collection Request (ICR) abstracted
below which will be forwarded to the
Office of Management and Budget
(OMB) for renewal. The ICR describes
the nature of the information collection
and its expected burden. The Federal
Register notice with a 60-day comment
period soliciting comments on the
following collection of information was
published on February 2, 2010 (75 FR
5369). No comments were received.
DATES: Comments on this notice must be
received by July 26, 2010 and sent to the
attention of the DOT/OST Desk Officer,
Office of Information and Regulatory
Affairs, Office of Management and
Budget, Docket Library, Room 10102,
725 17th Street, NW., Washington, DC
20503 or oira_submission@omb.eop.gov
(e-mail).
FOR FURTHER INFORMATION CONTACT: Mr.
Robert C. Ashby, Office of the Secretary,
Office of Assistant General Counsel for
Regulation and Enforcement,
Department of Transportation, 400
Seventh St., SW., Washington, DC
20590, (202) 366–9310 (voice) (202)
366–9313 (fax) or at
bob.ashby@ost.dot.gov.
SUPPLEMENTARY INFORMATION:
Title: Report of DBE Awards and
Commitments.
OMB Control Number: 2105–0510.
E:\FR\FM\25JNN1.SGM
25JNN1
Agencies
[Federal Register Volume 75, Number 122 (Friday, June 25, 2010)]
[Notices]
[Pages 36461-36463]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-15359]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-62318; File No. SR-FINRA-2010-021]
Self-Regulatory Organizations; Financial Industry Regulatory
Authority, Inc.; Notice of Filing of Proposed Rule Change To Amend
FINRA Rule 8210 To Require Information Provided via Portable Media
Device Be Encrypted
June 17, 2010.
Pursuant to section 19(b)(1) of the Securities Exchange Act of 1934
(``Act'') \1\ and rule 19b-4 thereunder,\2\ notice is hereby given that
on June 2, 2010, Financial Industry Regulatory Authority, Inc.
(``FINRA'') filed with the Securities and Exchange Commission (``SEC''
or ``Commission'') the proposed rule change as described in Items I,
II, and III below, which Items have been prepared by FINRA. The
Commission is publishing this notice to solicit comments on the
proposed rule change from interested persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
FINRA is proposing to amend FINRA Rule 8210 to require that
information provided via portable media device pursuant to a request
under the rule be encrypted.
The text of the proposed rule change is available on FINRA's Web
site at https://www.finra.org, at the principal office of FINRA and at
the Commission's Public Reference Room.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, FINRA included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. FINRA has prepared summaries, set forth in sections A,
B, and C below, of the most significant aspects of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
FINRA Rule 8210 (Provision of Information and Testimony and
Inspection and Copying of Books) confers on FINRA staff the authority
to compel a member, person associated with a member, or other person
over whom FINRA has jurisdiction, to produce documents, provide
testimony, or supply written responses or electronic data in connection
with an investigation, complaint, examination or adjudicatory
proceeding. The rule applies to all members, associated persons, and
other persons over which FINRA has jurisdiction, including former
associated persons subject to FINRA's jurisdiction as described in the
FINRA By-Laws.\3\ FINRA Rule 8210(c) provides that a member's or
person's failure to provide information or testimony or to permit an
inspection and copying of books, records, or accounts is a violation of
the rule.
---------------------------------------------------------------------------
\3\ See FINRA By-Laws, Article V, Section 4(a) (Retention of
Jurisdiction).
---------------------------------------------------------------------------
FINRA is proposing to amend FINRA Rule 8210 to require that
information provided via a portable media device pursuant to a request
under the rule be encrypted, as discussed further below.
[[Page 36462]]
Requiring such information to be encrypted will help ensure that such
information, which in many instances includes individuals' personal
information, is protected from unauthorized or other improper use.\4\
---------------------------------------------------------------------------
\4\ FINRA has emphasized that its members have an obligation
under existing laws to protect confidential customer records and
information pursuant to the requirements of SEC Regulation S-P. See,
e.g., Notice to Members 05-49 (Safeguarding Confidential Customer
Information).
---------------------------------------------------------------------------
Frequently, members and persons that respond to requests pursuant
to FINRA Rule 8210 provide information in electronic format. Because of
the size of the electronic files, persons often provide information in
electronic format using a portable media device such as a CD-ROM, DVD
or portable hard drive.\5\ In many instances, the response contains
personal information that, if accessed by an unauthorized person, could
be used inappropriately. For example, a response may include a person's
first and last name, or first initial and last name, in combination
with that person's: (1) Social security number; (2) driver's license,
passport or government-issued identification number; or (3) financial
account number (including but not limited to number of a brokerage
account, debit card, credit card, checking account, or savings
account). If such personal information were to be intercepted by an
unauthorized third party, it could be used improperly.
---------------------------------------------------------------------------
\5\ The proposed rule change defines ``portable media device''
as a storage device for electronic information, including but not
limited to a flash drive, CD-ROM, DVD, portable hard drive, laptop
computer, disc, diskette, or any other portable device for storing
and transporting electronic information.
---------------------------------------------------------------------------
Data security issues regarding personal information have become
increasingly important in recent years.\6\ In this regard, FINRA
believes that requiring persons to encrypt information on portable
media devices provided to FINRA in response to FINRA Rule 8210 requests
will help ensure that personal information is protected from improper
use by unauthorized third parties.
---------------------------------------------------------------------------
\6\ For example, some jurisdictions, including Massachusetts and
Nevada, have recently enacted legislation that establishes minimum
standards to safeguard personal information in electronic records.
See, e.g., Commonwealth of Massachusetts, 201 CMR 17.00 (Standards
for the Protection of Personal Information of Residents of the
Commonwealth), effective March 1, 2010; State of Nevada, NRS
603A.215 (Security Measures for Data Collector that Accepts Payment
Card; Use of Encryption; Liability for Damages; Applicability),
effective January 1, 2010. These laws contain potential penalties
against persons and entities for failures to adequately safeguard
electronic information containing personal information.
---------------------------------------------------------------------------
The proposed rule change would require that responding information
from a portable media device must be ``encrypted'', i.e., the data must
be encoded into a form in which meaning cannot be assigned without the
use of a confidential process or key. To help ensure that encrypted
information is secure, persons providing encrypted information to FINRA
via a portable media device would be required: (1) To use an encryption
method that meets industry standards for strong encryption; and (2) to
provide FINRA staff with the confidential process or key regarding the
encryption in a communication separate from the encrypted information
itself (e.g., a separate e-mail, fax or letter).
FINRA will announce the effective date of the proposed rule change
in a regulatory notice to be published no later than 60 days following
Commission approval. The effective date will be 30 days following
publication of the regulatory notice announcing Commission approval.
2. Statutory Basis
FINRA believes that the proposed rule change is consistent with the
provisions of section 15A(b)(6) of the Act,\7\ which requires, among
other things, that FINRA rules must be designed to prevent fraudulent
and manipulative acts and practices, to promote just and equitable
principles of trade, and, in general, to protect investors and the
public interest. FINRA believes that the proposed rule change will help
ensure that personal information provided in response to a request
under FINRA Rule 8210 via a portable media device is protected from
improper use by unauthorized third parties. Thus, FINRA believes the
proposed rule change will help protect investors consistent with the
statutory provisions noted above.
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78o-3(b)(6).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
FINRA does not believe that the proposed rule change will result in
any burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
Written comments were neither solicited nor received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Within 35 days of the date of publication of this notice in the
Federal Register or within such longer period (i) as the Commission may
designate up to 90 days of such date if it finds such longer period to
be appropriate and publishes its reasons for so finding or (ii) as to
which the self-regulatory organization consents, the Commission will:
(A) By order approve such proposed rule change, or
(B) Institute proceedings to determine whether the proposed rule
change should be disapproved.
IV. Solicitation of Comments
Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
Use the Commission's Internet comment form (https://www.sec.gov/rules/sro.shtml); or
Send an e-mail to rule-comments@sec.gov. Please include
File Number SR-FINRA-2010-021 on the subject line.
Paper Comments
Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090.
All submissions should refer to File Number SR-FINRA-2010-021. This
file number should be included on the subject line if e-mail is used.
To help the Commission process and review your comments more
efficiently, please use only one method. The Commission will post all
comments on the Commission's Internet Web site (https://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments,
all written statements with respect to the proposed rule change that
are filed with the Commission, and all written communications relating
to the proposed rule change between the Commission and any person,
other than those that may be withheld from the public in accordance
with the provisions of 5 U.S.C. 552, will be available for Web site
viewing and printing in the Commission's Public Reference Room, 100 F
Street, NE., Washington, DC 20549, on official
[[Page 36463]]
business days between the hours of 10 a.m. and 3 p.m. Copies of such
filing also will be available for inspection and copying at the
principal office of FINRA. All comments received will be posted without
change; the Commission does not edit personal identifying information
from submissions. You should submit only information that you wish to
make publicly available. All submissions should refer to File Number
SR-FINRA-2010-021 and should be submitted on or before July 16, 2010.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
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\8\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-15359 Filed 6-24-10; 8:45 am]
BILLING CODE 8010-01-P