Agency Information Collection Activities: Notice Requesting Approval of New Collection, CFTC SmartCheck Annual Campaign Impact Tracking Survey, 3038-NEW, 37188-37191 [2016-13623]
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Federal Register / Vol. 81, No. 111 / Thursday, June 9, 2016 / Notices
basis. Members of the public may also
listen to the meeting by telephone by
calling a domestic toll-free telephone or
international toll or toll-free number to
connect to a live, listen-only audio feed.
Call-in participants should be prepared
to provide their first name, last name,
and affiliation.
Domestic Toll Free: 1–866–844–9416.
International Toll and Toll Free: Will
be posted on the CFTC’s Web site,
https://www.cftc.gov, on the page for the
meeting, under Related Documents.
Pass Code/Pin Code: 1519074.
After the meeting, a transcript of the
meeting will be published through a
link on the CFTC’s Web site, https://
www.cftc.gov. All written submissions
provided to the CFTC in any form will
also be published on the CFTC’s Web
site. Persons requiring special
accommodations to attend the meeting
because of a disability should notify the
contact person above.
Authority: 5 U.S.C. app. 2 10(a)(2).
Dated: June 3, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016–13622 Filed 6–8–16; 8:45 am]
BILLING CODE 6351–01–P
COMMODITY FUTURES TRADING
COMMISSION
Agency Information Collection
Activities: Notice Requesting Approval
of New Collection, CFTC SmartCheck
Annual Campaign Impact Tracking
Survey, 3038—NEW
Commodity Futures Trading
Commission.
ACTION: Notice.
AGENCY:
The Commodity Futures
Trading Commission (‘‘CFTC’’ or
‘‘Commission’’) is announcing an
opportunity for public comment on a
proposed collection of information by
the agency. Under the Paperwork
Reduction Act (‘‘PRA’’), Federal
agencies are required to publish notice
in the Federal Register concerning each
proposed collection of information and
to allow 60 days for public comment.
The CFTC’s Office of Customer
Education and Outreach (OCEO)
develops campaigns to change customer
behaviors, so that customers can better
avoid fraud as defined under the
Commodities Exchange Act. The OCEO
intends to survey the public by
identifying customers and determining
if the CFTC’s SmartCheckSM campaign
is helping them to identify, avoid, and
report financial fraud.
DATES: Comments must be submitted on
or before August 8, 2016.
sradovich on DSK3TPTVN1PROD with NOTICES
SUMMARY:
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You may submit comments,
regarding the burden estimated or any
other aspect of the information
collection, including suggestions for
reducing the burden. Please refer to this
notice in any correspondence.
Comments, identified by ‘‘CFTC
SmartCheck Annual Campaign Impact
Tracking Survey,’’ and Collection
Number 3038—NEW may be submitted
by any of the following methods:
• The Agency Web site, via its
Comments Online process: https://
comments.cftc.gov. Follow the
instructions for submitting comments
through the Web site.
• Mail: Christopher Kirkpatrick,
Secretary of the Commission,
Commodity Futures Trading
Commission, 1155 21st Street NW.,
Washington, DC 20581.
• Hand delivery/Courier: Same as
Mail above.
• Federal eRulemaking Portal: https://
www.regulations.gov/. Follow the
instructions for submitting comments.
Please submit your comments using
only one method, and identify that it is
for the ‘‘SmartCheck Campaign Annual
Tracking Survey.’’
All comments must be submitted in
English, or if not, accompanied by an
English translation. Comments will be
posted as received to https://
www.cftc.gov. You should submit only
information that you wish to make
available publicly. If you wish the
Commission to consider information
that you believe is exempt from
disclosure under the Freedom of
Information Act, a petition for
confidential treatment of the exempt
information may be submitted according
to the procedures established in § 145.9
of the Commission’s regulations.1
The Commission reserves the right,
but shall have no obligation, to review,
pre-screen, filter, redact, refuse or
remove any or all of your submission
from https://www.cftc.gov that it may
deem to be inappropriate for
publication, such as obscene language.
All submissions that have been redacted
or removed that contain comments on
the merits of the rulemaking will be
retained in the public comment file and
will be considered as required under the
Administrative Procedure Act and other
applicable laws, and may be accessible
under the Freedom of Information Act.
FOR FURTHER INFORMATION CONTACT:
Nisha Smalls, Lead Customer Outreach
Specialist, 202–418–5000, consumers@
cftc.gov, Office of Customer Education
and Outreach, Commodity Futures
Trading Commission, Three Lafayette
ADDRESSES:
1 17
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CFR 145.9.
Frm 00012
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Centre, 1151 21st Street NW.,
Washington, DC 20581.
SUPPLEMENTARY INFORMATION: Under the
PRA, federal agencies must obtain
approval from the Office of Management
and Budget (‘‘OMB’’) for each collection
of information they collect or sponsor.
‘‘Collection of information’’ is defined
in 44 U.S.C. 3502(3) as ‘‘the obtaining,
causing to be obtained, soliciting . . .
facts or opinions by or for an agency,
regardless of form or format [from] ten
or more persons.’’ An agency may not
conduct or sponsor, and a person is not
required to respond to, a collection of
information unless it displays a valid
OMB control number. 44 U.S.C. 3506(c).
The Commission is submitting this
collection of information to OMB for
approval and assigning of a collection
number, pursuant to 5 CFR 1320.10.
Section 3506(c)(2)(A) of the PRA, 44
U.S.C. 3506(c)(2)(A), requires federal
agencies to provide a 60-day notice in
the Federal Register for each proposed
collection of information before
submitting the collection to OMB for
approval. Under OMB regulations,
which implement provisions of the
PRA, certain ‘‘facts or opinions
submitted in response to general
solicitations of comments from the
public, published in the Federal
Register or other publications,’’ 5 CFR
1320.3(h)(4), or ‘‘facts or opinions
obtained or solicited at or in connection
with public hearings or meetings,’’ 5
CFR 1320.3(h)(8), are excluded from the
OMB approval process.
Title: CFTC SmartCheck Annual
Campaign Impact Tracking Survey
(OMB Control No. 3038—NEW). This is
a request for approval of a new
collection.
Abstract: In 2010, the Dodd-Frank
Act 2 expanded the Commission’s
authority to, among other matters
related to regulatory oversight, establish
funding of consumer education
initiatives under its new Whistleblower
authority.3 Under this new authority,
the Commission established an Office of
Customer Education and Outreach
(‘‘OCEO’’) to, among other efforts,
survey the public regarding consumer
education initiatives.4 This notice
announces a public survey. This survey
will include screening questions to
identify the correct respondents and
questions to determine if the CFTC’s
SmartCheckSM campaign is helping
2 See Dodd-Frank Wall Street Reform and
Consumer Protection Act, Public Law 111–203, 124
Stat. 1376 (2010). The text of the Dodd-Frank Act
may be accessed at https://www.cftc.gov/
LawRegulation/DoddFrankAct/index.htm.
3 See 7 U.S.C. 26.
4 See 17 CFR 165.12.
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Federal Register / Vol. 81, No. 111 / Thursday, June 9, 2016 / Notices
customers identify, avoid, and report
financial fraud.
The OCEO will use the information
collected in the survey to refine the
methods used to inform the public
about how to best detect and report
financial fraud. This will be done by
creating a final summary report that
includes key findings from the survey.
Findings from the summary report
will be used to directionally inform the
outreach efforts that the CFTC
undertakes concerning helping
customers avoid financial fraud.
The survey will be administered using
an online survey tool. The online
modality approach will allow
presentation of test material to
participants in a more convenient and
time-efficient manner than other
collection methods such as mall
intercepts. The online method also
allows for a quicker turnaround for data
collection. No other collection methods
will be used.
With respect to the collection of
information, the CFTC invites
comments on:
• Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information will have a practical use;
• The accuracy of the Commission’s
estimate of the burden of the proposed
collection of information, including the
validity of the methodology and
assumptions used;
• Ways to enhance the quality,
usefulness, and clarity of the
information to be collected; and
• Ways to minimize the burden of
collection of information on those who
are to respond, including through the
use of appropriate automated electronic,
mechanical, or other technological
collection techniques or other forms of
information technology; e.g., permitting
electronic submission of responses.
You should submit only information
that you wish to make available
37189
publicly. If you wish the Commission to
consider information that you believe is
exempt from disclosure under the
Freedom of Information Act, a petition
for confidential treatment of the exempt
information may be submitted according
to the procedures established in § 145.9
of the Commission’s regulations.5
Burden Statement: The screening
questions will take about 1 minute to
complete. It is anticipated that 4,000
people will be screened. The survey will
take about 15 minutes. The cost of the
screener survey will be approximately
$3,125, which equates to $46.85 per
burden hour. 2,000 people will take the
15 minute survey. The cost of the full
survey will be approximately $46,875,
which equates to $93.75 per burden
hour. Based on these assumptions, the
total burden hours will be 566.7 hours.
The Commission estimates the average
burden of this collection of information
as follows:
ESTIMATED ANNUAL REPORTING BURDEN HOURS
Annual
reporting
17 CFR 165.12 ..............
4,000
17 CFR 165.12 ..............
2,000
Frequency
1 response per respondent.
1 response per respondent.
Hours per report
Total
1 minute per response
4,000
66.7 hours, total burden.
15 minutes per response.
2,000
500 hours, burden hour.
The proposed survey questions
appear below:
1
2
3
4
5
6
CFTC SmartCheck Annual Campaign
Impact Tracking Survey
CFTC TARGET = Age 50–65; HH
income 60k+; Answers 1 or 2 for
question 1; Invests in 2 or more
products in question 2
1. When it comes to family and
personal investments like stocks,
mutual funds, or other trading products,
how likely are you to be involved in
making decisions for your household?
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..........
..........
..........
..........
Stocks or shares.
Precious metals like gold or silver.
Foreign currency trading (FOREX).
Any type of futures or options.
None of these [Single Punch (SP)].
Don’t know [SP].
Survey
Screener
1
2
3
4
..........
..........
..........
..........
..........
..........
[GRID, SP ACROSS]
Please answer yes or no to each of the
following questions.
No
1
Very likely.
Somewhat likely.
Not too likely.
Not at all likely.
Yes
2
2. Below is a list of financial products.
Please select all that you currently are
invested in or have invested in.
3 .................................
4 .................................
5 17
Have you read, seen, or heard anything about the Commodity Futures Trading Commission (CFTC)?
Have you read, seen, or heard anything about CFTC SmartCheck, a campaign that promotes expert tools and resources to check the background of financial professionals, learn how to avoid investment fraud, and report suspicious activity?
CFR 145.9.
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Federal Register / Vol. 81, No. 111 / Thursday, June 9, 2016 / Notices
5 .................................
6 .................................
7 .................................
Have you read, seen, or heard anything about SmartCheck.gov, a Web site that links to databases which allow investors to check the background of financial professionals?
Have you read, seen, or heard anything about Investor.gov, a Web site that allows you to check the background of investment adviser representatives and firms?
Have you read, seen, or heard anything about BrokerCheck.org, a Web site that allows you to check the background of
brokers who sell stocks, bonds, mutual funds and other securities?
[GRID, SP ACROSS. RANDOMIZE GRID
ROWS]
Below are a number of actions that
you may or may not be likely to
complete. Please indicate how likely or
unlikely you are to complete the actions
using the scale below.
If you were considering investing
with someone you had not invested
with before, how likely are you to:
Very likely
Somewhat likely
Not likely or unlikely
Not too likely
Not at all likely
1
2
3
4
5
8 ..........
9 ..........
10 ........
11 ........
12 ........
13 ........
14 ........
15 ........
16 ........
Review performance history.
Talk to references and/or past clients.
Confirm certifications and/or education.
Perform a general Internet search.
Check disciplinary history with an
official financial regulator.
Check licensing and/or registration
status with an official financial
regulator.
Personally interview.
Check job affiliations with an official
financial regulator.
None of these/don’t know [SP].
[SP]
17. Generally speaking, how
concerned are you about unknowingly
being part of a fraudulent investment?
1
2
3
4
..........
..........
..........
..........
Very concerned.
Somewhat concerned.
Not too concerned.
Not at all concerned.
[SP]
18. If you suspected an investment
you were aware of was fraudulent, how
likely would you be to report it to a
government financial agency such as the
U.S. Commodity Futures Trading
Commission (CFTC) or the U.S.
Securities and Exchange Commission
(SEC)?
1
2
3
4
..........
..........
..........
..........
Very likely.
Somewhat likely.
Not too likely.
Not at all likely.
2 ..........
3 ..........
19. If you became aware that an
investment you were already a part of
was fraudulent, how likely would you
be to report it to a government financial
agency such as the U.S. Commodity
Futures Trading Commission (CFTC) or
the U.S. Securities and Exchange
Commission (SEC)?
..........
..........
..........
..........
20. Which, if any, of the following do
you think are potential signs of
investment fraud? If the person selling
the investment . . .
1 ..........
[SP]
1
2
3
4
[MP; RANDOMIZE LEAVING LAST 1
AT THE END]
Very likely.
Somewhat likely.
Not too likely.
Not at all likely.
4 ..........
5 ..........
6 ..........
said the investment has a guaranteed rate of return.
said s/he has a special credential,
so they can be trusted.
said that many of your friends have
already invested in the opportunity.
was willing to charge you half of
the regular commission.
said the opportunity was closing
soon, so it was important to act
quickly.
None of these [SP].
[GRID, SP ACROSS. RANDOMIZE GRID
ROWS]
Below are a number of statements
with which you may or may not agree.
Please indicate how much you agree or
disagree with each statement.
Strongly disagree
sradovich on DSK3TPTVN1PROD with NOTICES
Neither agree nor disagree
Somewhat agree
Strongly agree
1
21
22
23
24
25
26
27
28
Somewhat disagree
2
3
4
5
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
It is important to know the common signs of fraud when investing.
The government reviews and investigates all alleged reports of investment fraud.
I know where to go to report suspected or known incidents of investment fraud.
I know where to go to check the background of a financial professional.
Before I invest, it is important to check the registration and/or licensing status of a financial professional.
Each year, it is important to check the registration and/or licensing of a financial professional with whom I invest.
Before I invest, it is important to check the disciplinary history of a financial professional.
Each year, it is important to check the disciplinary history of a financial professional.
Authority: 44 U.S.C. 3501 et seq.
Dated: June 3, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016–13623 Filed 6–8–16; 8:45 am]
BILLING CODE 6351–01–P
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Federal Register / Vol. 81, No. 111 / Thursday, June 9, 2016 / Notices
DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
[Project No. 14782–000]
sradovich on DSK3TPTVN1PROD with NOTICES
Energy Resources USA Inc.; Notice of
Preliminary Permit Application
Accepted for Filing and Soliciting
Comments, Motions To Intervene, and
Competing Applications
On May 4, 2016, Energy Resources
USA Inc. filed an application for a
preliminary permit, pursuant to section
4(f) of the Federal Power Act (FPA),
proposing to study the feasibility of the
R.D. Bailey Dam Hydroelectric Project
(R.D. Bailey Project or project) to be
located at the existing U.S. Army Corps
of Engineers’ R.D. Bailey Dam on the
Guyandotte River in Mingo and
Wyoming Counties, West Virginia. The
sole purpose of a preliminary permit, if
issued, is to grant the permit holder
priority to file a license application
during the permit term. A preliminary
permit does not authorize the permit
holder to perform any land-disturbing
activities or otherwise enter upon lands
or waters owned by others without the
owners’ express permission.
The proposed project would consist of
the following: (1) A new 90-foot-long by
45-foot-wide reinforced concrete
powerhouse to be located downstream
on the tailrace side of R.D. Bailey Dam;
(2) a new 12-foot by 9-foot by 250-footlong concrete conduit connecting the
existing outlet tunnel with the
powerhouse; (3) two 5-megawatt (MW)
vertical Kaplan turbine-generator units
with a total generating capacity of 10
MW; (4) a new 120-foot-long by 80-footwide tailrace; (5) a new 60-foot-long by
50-foot-wide substation with a 10-megavolt-ampere 4.16/69-kilovolt (kV) threephase step-up transformer; (6) a new
0.6-mile-long, 69-kV transmission line;
and (7) appurtenant facilities. The R.D.
Bailey Project would have an estimated
annual generation of 38.5 gigawatthours.
Applicant Contact: Mr. Ander
Gonzalez, Energy Resources USA Inc.,
350 Lincoln Road, 2nd Floor, Miami, FL
33139; telephone (954) 248–8425.
FERC Contact: Monir Chowdhury;
phone: (202) 502–6736.
Deadline for filing comments, motions
to intervene, competing applications
(without notices of intent), or notices of
intent to file competing applications: 60
days from the issuance of this notice.
Competing applications and notices of
intent must meet the requirements of 18
CFR 4.36.
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The Commission strongly encourages
electronic filing. Please file comments,
motions to intervene, notices of intent,
and competing applications using the
Commission’s eFiling system at https://
www.ferc.gov/docs-filing/efiling.asp.
Commenters can submit brief comments
up to 6,000 characters, without prior
registration, using the eComment system
at https://www.ferc.gov/docs-filing/
ecomment.asp. You must include your
name and contact information at the end
of your comments. For assistance,
please contact FERC Online Support at
FERCOnlineSupport@ferc.gov, (866)
208–3676 (toll free), or (202) 502–8659
(TTY). In lieu of electronic filing, please
send a paper copy to: Secretary, Federal
Energy Regulatory Commission, 888
First Street NE., Washington, DC 20426.
The first page of any filing should
include docket number P–14782–000.
More information about this project,
including a copy of the application, can
be viewed or printed on the ‘‘eLibrary’’
link of the Commission’s Web site at
https://www.ferc.gov/docs-filing/
elibrary.asp. Enter the docket number
(P–14782) in the docket number field to
access the document. For assistance,
contact FERC Online Support.
Dated: June 2, 2016.
Kimberly D. Bose,
Secretary.
[FR Doc. 2016–13648 Filed 6–8–16; 8:45 am]
BILLING CODE 6717–01–P
DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
[Project No. 13757–002; Project No. 13761–
002; Project No. 13768–002]
FFP Missouri 5, LLC; FFP Missouri 6,
LLC; Solia 6 Hydroelectric, LLC; Notice
of Availability of Environmental
Assessment
In accordance with the National
Environmental Policy Act of 1969 and
the Federal Energy Regulatory
Commission’s (Commission or FERC)
regulations, 18 Code of Federal
Regulations Part 380, Office of Energy
Projects staff has reviewed applications
for original licenses for the Emsworth
Locks and Dam Hydroelectric Project
(FERC No. 13757–002), Emsworth Back
Channel Hydroelectric Project (FERC
No. 13761–002), and Montgomery Locks
and Dam Hydroelectric Project (FERC
No. 13768–002) on the Ohio River.
These projects are referred to
collectively as the Ohio River Projects.
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37191
The projects would all be located at
existing locks and dams owned by the
U.S. Army Corps of Engineers. The
Emsworth Locks and Dam Hydroelectric
Project would be located on the Ohio
River near Emsworth, Pennsylvania, in
Allegheny County at river mile (RM)
6.2. The Emsworth Back Channel
Hydroelectric Project would be located
on the Ohio River near Coraopolis,
Pennsylvania, in Allegheny County at
RM 6.8. The Montgomery Locks and
Dam Hydroelectric Project would be
located on the Ohio River downstream
of Monaca, Pennsylvania, in Beaver
County at RM 31.7. The projects would
collectively occupy 17.1 acres of federal
land.
Staff has prepared a multi-project
environmental assessment (EA) that
analyzes the potential environmental
effects of the three projects and
concludes that constructing and
operating the projects, with appropriate
environmental protection measures,
would not constitute a major federal
action that would significantly affect the
quality of the human environment.
A copy of the EA is available for
review at the Commission in the Public
Reference Room or may be viewed on
the Commission’s Web site at
www.ferc.gov using the ‘‘eLibrary’’ link.
Enter the docket number, excluding the
last three digits, in the docket number
field to access the document. For
assistance, contact FERC Online
Support at FERCOnlineSupport@
ferc.gov or toll-free at 1–866–208–3676,
or for TTY, (202) 502–8659.
You may also register online at https://
www.ferc.gov/docs-filing/esubscription.
asp to be notified via email of new
filings and issuances related to these or
other pending projects. For assistance,
contact FERC Online Support.
Any comments should be filed within
30 days from the date of this notice. The
Commission strongly encourages
electronic filing. Please file comments
using the Commission’s eFiling system
at https://www.ferc.gov/docs-filing/
efiling.asp. For assistance, please
contact FERC Online Support at FERC
OnlineSupport@ferc.gov or toll-free at
1–866–208–3676, or for TTY, 202–502–
8659. In lieu of electronic filing, please
send a paper copy to: Secretary, Federal
Energy Regulatory Commission, 888
First Street NE., Washington, DC 20426.
The first page of any filing should
include: ‘‘Emsworth Locks and Dam
Hydroelectric Project No. 13757–002,
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]]>Agencies
[Federal Register Volume 81, Number 111 (Thursday, June 9, 2016)]
[Notices]
[Pages 37188-37191]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-13623]
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice Requesting
Approval of New Collection, CFTC SmartCheck Annual Campaign Impact
Tracking Survey, 3038--NEW
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or
``Commission'') is announcing an opportunity for public comment on a
proposed collection of information by the agency. Under the Paperwork
Reduction Act (``PRA''), Federal agencies are required to publish
notice in the Federal Register concerning each proposed collection of
information and to allow 60 days for public comment. The CFTC's Office
of Customer Education and Outreach (OCEO) develops campaigns to change
customer behaviors, so that customers can better avoid fraud as defined
under the Commodities Exchange Act. The OCEO intends to survey the
public by identifying customers and determining if the CFTC's
SmartCheck\SM\ campaign is helping them to identify, avoid, and report
financial fraud.
DATES: Comments must be submitted on or before August 8, 2016.
ADDRESSES: You may submit comments, regarding the burden estimated or
any other aspect of the information collection, including suggestions
for reducing the burden. Please refer to this notice in any
correspondence. Comments, identified by ``CFTC SmartCheck Annual
Campaign Impact Tracking Survey,'' and Collection Number 3038--NEW may
be submitted by any of the following methods:
The Agency Web site, via its Comments Online process:
https://comments.cftc.gov. Follow the instructions for submitting
comments through the Web site.
Mail: Christopher Kirkpatrick, Secretary of the
Commission, Commodity Futures Trading Commission, 1155 21st Street NW.,
Washington, DC 20581.
Hand delivery/Courier: Same as Mail above.
Federal eRulemaking Portal: https://www.regulations.gov/.
Follow the instructions for submitting comments.
Please submit your comments using only one method, and identify
that it is for the ``SmartCheck Campaign Annual Tracking Survey.''
All comments must be submitted in English, or if not, accompanied
by an English translation. Comments will be posted as received to
https://www.cftc.gov. You should submit only information that you wish
to make available publicly. If you wish the Commission to consider
information that you believe is exempt from disclosure under the
Freedom of Information Act, a petition for confidential treatment of
the exempt information may be submitted according to the procedures
established in Sec. 145.9 of the Commission's regulations.\1\
---------------------------------------------------------------------------
\1\ 17 CFR 145.9.
---------------------------------------------------------------------------
The Commission reserves the right, but shall have no obligation, to
review, pre-screen, filter, redact, refuse or remove any or all of your
submission from https://www.cftc.gov that it may deem to be
inappropriate for publication, such as obscene language. All
submissions that have been redacted or removed that contain comments on
the merits of the rulemaking will be retained in the public comment
file and will be considered as required under the Administrative
Procedure Act and other applicable laws, and may be accessible under
the Freedom of Information Act.
FOR FURTHER INFORMATION CONTACT: Nisha Smalls, Lead Customer Outreach
Specialist, 202-418-5000, consumers@cftc.gov, Office of Customer
Education and Outreach, Commodity Futures Trading Commission, Three
Lafayette Centre, 1151 21st Street NW., Washington, DC 20581.
SUPPLEMENTARY INFORMATION: Under the PRA, federal agencies must obtain
approval from the Office of Management and Budget (``OMB'') for each
collection of information they collect or sponsor. ``Collection of
information'' is defined in 44 U.S.C. 3502(3) as ``the obtaining,
causing to be obtained, soliciting . . . facts or opinions by or for an
agency, regardless of form or format [from] ten or more persons.'' An
agency may not conduct or sponsor, and a person is not required to
respond to, a collection of information unless it displays a valid OMB
control number. 44 U.S.C. 3506(c). The Commission is submitting this
collection of information to OMB for approval and assigning of a
collection number, pursuant to 5 CFR 1320.10.
Section 3506(c)(2)(A) of the PRA, 44 U.S.C. 3506(c)(2)(A), requires
federal agencies to provide a 60-day notice in the Federal Register for
each proposed collection of information before submitting the
collection to OMB for approval. Under OMB regulations, which implement
provisions of the PRA, certain ``facts or opinions submitted in
response to general solicitations of comments from the public,
published in the Federal Register or other publications,'' 5 CFR
1320.3(h)(4), or ``facts or opinions obtained or solicited at or in
connection with public hearings or meetings,'' 5 CFR 1320.3(h)(8), are
excluded from the OMB approval process.
Title: CFTC SmartCheck Annual Campaign Impact Tracking Survey (OMB
Control No. 3038--NEW). This is a request for approval of a new
collection.
Abstract: In 2010, the Dodd-Frank Act \2\ expanded the Commission's
authority to, among other matters related to regulatory oversight,
establish funding of consumer education initiatives under its new
Whistleblower authority.\3\ Under this new authority, the Commission
established an Office of Customer Education and Outreach (``OCEO'') to,
among other efforts, survey the public regarding consumer education
initiatives.\4\ This notice announces a public survey. This survey will
include screening questions to identify the correct respondents and
questions to determine if the CFTC's SmartCheck\SM\ campaign is helping
[[Page 37189]]
customers identify, avoid, and report financial fraud.
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\2\ See Dodd-Frank Wall Street Reform and Consumer Protection
Act, Public Law 111-203, 124 Stat. 1376 (2010). The text of the
Dodd-Frank Act may be accessed at https://www.cftc.gov/LawRegulation/DoddFrankAct/index.htm.
\3\ See 7 U.S.C. 26.
\4\ See 17 CFR 165.12.
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The OCEO will use the information collected in the survey to refine
the methods used to inform the public about how to best detect and
report financial fraud. This will be done by creating a final summary
report that includes key findings from the survey.
Findings from the summary report will be used to directionally
inform the outreach efforts that the CFTC undertakes concerning helping
customers avoid financial fraud.
The survey will be administered using an online survey tool. The
online modality approach will allow presentation of test material to
participants in a more convenient and time-efficient manner than other
collection methods such as mall intercepts. The online method also
allows for a quicker turnaround for data collection. No other
collection methods will be used.
With respect to the collection of information, the CFTC invites
comments on:
Whether the proposed collection of information is
necessary for the proper performance of the functions of the
Commission, including whether the information will have a practical
use;
The accuracy of the Commission's estimate of the burden of
the proposed collection of information, including the validity of the
methodology and assumptions used;
Ways to enhance the quality, usefulness, and clarity of
the information to be collected; and
Ways to minimize the burden of collection of information
on those who are to respond, including through the use of appropriate
automated electronic, mechanical, or other technological collection
techniques or other forms of information technology; e.g., permitting
electronic submission of responses.
You should submit only information that you wish to make available
publicly. If you wish the Commission to consider information that you
believe is exempt from disclosure under the Freedom of Information Act,
a petition for confidential treatment of the exempt information may be
submitted according to the procedures established in Sec. 145.9 of the
Commission's regulations.\5\
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\5\ 17 CFR 145.9.
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Burden Statement: The screening questions will take about 1 minute
to complete. It is anticipated that 4,000 people will be screened. The
survey will take about 15 minutes. The cost of the screener survey will
be approximately $3,125, which equates to $46.85 per burden hour. 2,000
people will take the 15 minute survey. The cost of the full survey will
be approximately $46,875, which equates to $93.75 per burden hour.
Based on these assumptions, the total burden hours will be 566.7 hours.
The Commission estimates the average burden of this collection of
information as follows:
Estimated Annual Reporting Burden Hours
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual
reporting Frequency Hours per report Total
--------------------------------------------------------------------------------------------------------------------------------------------------------
17 CFR 165.12.................... 4,000 1 response per 1 minute per 4,000 66.7 hours, total burden.
respondent. response.
17 CFR 165.12.................... 2,000 1 response per 15 minutes per 2,000 500 hours, burden hour.
respondent. response.
--------------------------------------------------------------------------------------------------------------------------------------------------------
The proposed survey questions appear below:
CFTC SmartCheck Annual Campaign Impact Tracking Survey
CFTC TARGET = Age 50-65; HH income 60k+; Answers 1 or 2 for question 1;
Invests in 2 or more products in question 2
Screener
1. When it comes to family and personal investments like stocks,
mutual funds, or other trading products, how likely are you to be
involved in making decisions for your household?
------------------------------------------------------------------------
------------------------------------------------------------------------
1................................ Very likely.
2................................ Somewhat likely.
3................................ Not too likely.
4................................ Not at all likely.
------------------------------------------------------------------------
2. Below is a list of financial products. Please select all that
you currently are invested in or have invested in.
------------------------------------------------------------------------
------------------------------------------------------------------------
1................................ Stocks or shares.
2................................ Precious metals like gold or silver.
3................................ Foreign currency trading (FOREX).
4................................ Any type of futures or options.
5................................ None of these [Single Punch (SP)].
6................................ Don't know [SP].
------------------------------------------------------------------------
Survey
[GRID, SP ACROSS]
Please answer yes or no to each of the following questions.
------------------------------------------------------------------------
Yes No
------------------------------------------------------------------------
1 2
------------------------------------------------------------------------
------------------------------------------------------------------------
------------------------------------------------------------------------
3..................................... Have you read, seen, or heard
anything about the Commodity
Futures Trading Commission
(CFTC)?
4..................................... Have you read, seen, or heard
anything about CFTC SmartCheck,
a campaign that promotes expert
tools and resources to check
the background of financial
professionals, learn how to
avoid investment fraud, and
report suspicious activity?
[[Page 37190]]
5..................................... Have you read, seen, or heard
anything about SmartCheck.gov,
a Web site that links to
databases which allow investors
to check the background of
financial professionals?
6..................................... Have you read, seen, or heard
anything about Investor.gov, a
Web site that allows you to
check the background of
investment adviser
representatives and firms?
7..................................... Have you read, seen, or heard
anything about BrokerCheck.org,
a Web site that allows you to
check the background of brokers
who sell stocks, bonds, mutual
funds and other securities?
------------------------------------------------------------------------
[GRID, SP ACROSS. RANDOMIZE GRID ROWS]
Below are a number of actions that you may or may not be likely to
complete. Please indicate how likely or unlikely you are to complete
the actions using the scale below.
If you were considering investing with someone you had not invested
with before, how likely are you to:
----------------------------------------------------------------------------------------------------------------
Not likely or
Very likely Somewhat likely unlikely Not too likely Not at all likely
----------------------------------------------------------------------------------------------------------------
1 2 3 4 5
----------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------
------------------------------------------------------------------------
8................................ Review performance history.
9................................ Talk to references and/or past
clients.
10............................... Confirm certifications and/or
education.
11............................... Perform a general Internet search.
12............................... Check disciplinary history with an
official financial regulator.
13............................... Check licensing and/or registration
status with an official financial
regulator.
14............................... Personally interview.
15............................... Check job affiliations with an
official financial regulator.
16............................... None of these/don't know [SP].
------------------------------------------------------------------------
[SP]
17. Generally speaking, how concerned are you about unknowingly
being part of a fraudulent investment?
------------------------------------------------------------------------
------------------------------------------------------------------------
1................................ Very concerned.
2................................ Somewhat concerned.
3................................ Not too concerned.
4................................ Not at all concerned.
------------------------------------------------------------------------
[SP]
18. If you suspected an investment you were aware of was
fraudulent, how likely would you be to report it to a government
financial agency such as the U.S. Commodity Futures Trading Commission
(CFTC) or the U.S. Securities and Exchange Commission (SEC)?
------------------------------------------------------------------------
------------------------------------------------------------------------
1................................ Very likely.
2................................ Somewhat likely.
3................................ Not too likely.
4................................ Not at all likely.
------------------------------------------------------------------------
[SP]
19. If you became aware that an investment you were already a part
of was fraudulent, how likely would you be to report it to a government
financial agency such as the U.S. Commodity Futures Trading Commission
(CFTC) or the U.S. Securities and Exchange Commission (SEC)?
------------------------------------------------------------------------
------------------------------------------------------------------------
1................................ Very likely.
2................................ Somewhat likely.
3................................ Not too likely.
4................................ Not at all likely.
------------------------------------------------------------------------
[MP; RANDOMIZE LEAVING LAST 1 AT THE END]
20. Which, if any, of the following do you think are potential
signs of investment fraud? If the person selling the investment . . .
------------------------------------------------------------------------
------------------------------------------------------------------------
1................................ said the investment has a guaranteed
rate of return.
2................................ said s/he has a special credential,
so they can be trusted.
3................................ said that many of your friends have
already invested in the opportunity.
4................................ was willing to charge you half of the
regular commission.
5................................ said the opportunity was closing
soon, so it was important to act
quickly.
6................................ None of these [SP].
------------------------------------------------------------------------
[GRID, SP ACROSS. RANDOMIZE GRID ROWS]
Below are a number of statements with which you may or may not
agree. Please indicate how much you agree or disagree with each
statement.
----------------------------------------------------------------------------------------------------------------
Neither agree nor
Strongly disagree Somewhat disagree disagree Somewhat agree Strongly agree
----------------------------------------------------------------------------------------------------------------
1 2 3 4 5
----------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------
------------------------------------------------------------------------
21.................................... It is important to know the
common signs of fraud when
investing.
22.................................... The government reviews and
investigates all alleged
reports of investment fraud.
23.................................... I know where to go to report
suspected or known incidents of
investment fraud.
24.................................... I know where to go to check the
background of a financial
professional.
25.................................... Before I invest, it is important
to check the registration and/
or licensing status of a
financial professional.
26.................................... Each year, it is important to
check the registration and/or
licensing of a financial
professional with whom I
invest.
27.................................... Before I invest, it is important
to check the disciplinary
history of a financial
professional.
28.................................... Each year, it is important to
check the disciplinary history
of a financial professional.
------------------------------------------------------------------------
Authority: 44 U.S.C. 3501 et seq.
Dated: June 3, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016-13623 Filed 6-8-16; 8:45 am]
BILLING CODE 6351-01-P
