Sunshine Act Meetings, 53696 [2021-21165]

Download as PDF 53696 Federal Register / Vol. 86, No. 185 / Tuesday, September 28, 2021 / Notices deadline(s) for each request appear in section II. SECURITIES AND EXCHANGE COMMISSION II. Docketed Proceeding(s) [Release No. 34–93103; File No. SR–FINRA– 2021–016] 1. Docket No(s): MC2021–132 and CP2021–137; Filing Title: USPS Request to Add Priority Mail Contract 721 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: September 22, 2021; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Kenneth R. Moeller; Comments Due: September 30, 2021. 2. Docket No(s): MC2021–133 and CP2021–138; Filing Title: USPS Request to Add Priority Mail & First-Class Package Service Contract 202 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: September 22, 2021; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Kenneth R. Moeller; Comments Due: September 30, 2021. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2021–21037 Filed 9–27–21; 8:45 am] BILLING CODE 7710–FW–P POSTAL SERVICE Sunshine Act Meetings TIME AND DATE: October 5, 2021, at 2:30 p.m. PLACE: Minneapolis, MN. Closed. STATUS: MATTERS TO BE CONSIDERED: Tuesday, October 5, 2021, at 2:30 p.m. 1. Strategic Items 2. Financial and Operational Matters 3. Compensation and Personnel Matters 4. Administrative Items General Counsel Certification: The General Counsel of the United States Postal Service has certified that the meeting may be closed under the Government in the Sunshine Act. CONTACT PERSON FOR MORE INFORMATION: Michael J. Elston, Secretary of the Board of Governors, U.S. Postal Service, 475 L’Enfant Plaza SW, Washington, DC 20260–1000. Telephone: (202) 268– 4800. Michael J. Elston, Secretary. [FR Doc. 2021–21165 Filed 9–24–21; 4:15 pm] BILLING CODE 7710–12–P VerDate Sep<11>2014 16:35 Sep 27, 2021 Jkt 253001 Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove the Proposed Rule Change To Amend Rule 2165 (Financial Exploitation of Specified Adults) On August 23, 2021, FINRA responded to the comment letters received in response to the Notice.6 The Commission is publishing this order pursuant to Section 19(b)(2)(B) of the Exchange Act 7 to solicit comments on the proposed rule change from interested persons and to institute proceedings to determine whether to approve or disapprove the proposed rule change. II. Description of the Proposed Rule Change Background FINRA’s proposed rule change would I. Introduction amend Rule 2165, which currently On June 9, 2021, the Financial permits a member firm to place a Industry Regulatory Authority, Inc. temporary hold on a disbursement from (‘‘FINRA’’) filed with the Securities and the account of a ‘‘specified adult’’ Exchange Commission (‘‘SEC’’ or customer for up to 25 business days if ‘‘Commission’’) the proposed rule the criteria of the rule are satisfied.8 A change SR–FINRA–2021–016 pursuant ‘‘specified adult’’ is someone either age to Section 19(b)(1) of the Securities 65 and older, or age 18 and older if the Exchange Act of 1934 (‘‘Exchange member firm reasonably believes that a Act’’) 1 and Rule 19b–4 thereunder 2 to mental or physical impairment has amend FINRA Rule 2165 (Financial rendered the person incapable of Exploitation of Specified Adults) to: (1) protecting their own interests.9 Permit member firms to place a According to FINRA, temporary holds temporary hold on a securities on disbursements have played a transaction, subject to the same terms significant role in providing member and restrictions applicable to a firms with a way to respond promptly temporary hold on disbursements of to suspicions of customer financial funds or securities (‘‘disbursements’’), exploitation before a customer where there is a reasonable belief of experiences potentially significant financial exploitation of a ‘‘specified losses.10 3 adult’’ as defined in the rule; (2) permit A member firm’s ability to place a member firms to extend a temporary temporary hold on disbursements is hold, whether on a disbursement or a subject to a number of conditions that transaction, for an additional 30 are designed to help prevent business days if the member firm has misapplication of the rule.11 These reported the matter to a state regulator or agency or a court of competent Assistant Chief Counsel—Sales Practices, Division jurisdiction; and (3) require member of Trading and Markets, Commission, dated July 20, firms to retain records of the reason and 2021. This letter is available at https:// www.finra.org/sites/default/files/2021-07/SRsupport for any extension of any FINRA-2021-016-Extension1.pdf. temporary hold, including information 6 See letter from Jeanette Wingler, Associate regarding any communications with, or General Counsel, FINRA, to Vanessa Countryman, Secretary, Commission dated August 23, 2021 by, a state regulator or agency of (‘‘FINRA Letter’’). The FINRA Letter is available at competent jurisdiction or a court of the Commission’s website at https://www.sec.gov/ competent jurisdiction. The proposed comments/sr-finra-2021-016/srfinra2021016rule change was published for comment 9160159-247786.pdf. 7 15 U.S.C. 78s(b)(2)(B). in the Federal Register on June 28, 8 See infra for a discussion of existing safeguards 2021.4 On July 20, 2021, FINRA incorporated into Rule 2165. consented to extend until September 24, 9 See Rule 2165(a)(1). Supplementary Material .03 2021, the time period in which the to Rule 2165 provides that a member firm’s Commission must approve the proposed reasonable belief that a natural person age 18 and older has a mental or physical impairment that rule change, disapprove the proposed renders the individual unable to protect their own rule change, or institute proceedings to interests may be based on the facts and determine whether to approve or circumstances observed in the member firm’s business relationship with the person. See Notice disapprove the proposed rule change.5 September 22, 2021. 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 See infra note 9 and accompanying text. 4 See Exchange Act Release No. 92225 (Jun. 22, 2021), 86 FR 34084 (Jun. 28, 2021) (File No. SR– FINRA–2021–016) (‘‘Notice’’). 5 See letter from Jeanette Wingler, Associate General Counsel, FINRA, to Lourdes Gonzalez, PO 00000 Frm 00069 Fmt 4703 Sfmt 4703 at 34086 n.17. 10 See Notice at 34086. For example, according to FINRA member firms have placed temporary holds to prevent senior investors from losing: (1) $200,000 (representing approximately two-thirds of the investor’s account) related to a lawsuit scam; (2) $10,000 in a lottery scam; (3) $60,000 in a romance scam; and (4) $50,000 to financial exploitation by a brother-in-law. Id. 11 Id. E:\FR\FM\28SEN1.SGM 28SEN1

Agencies

[Federal Register Volume 86, Number 185 (Tuesday, September 28, 2021)]
[Notices]
[Page 53696]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-21165]


=======================================================================
-----------------------------------------------------------------------

POSTAL SERVICE


Sunshine Act Meetings

TIME AND DATE: October 5, 2021, at 2:30 p.m.

PLACE: Minneapolis, MN.

STATUS: Closed.

MATTERS TO BE CONSIDERED: 

Tuesday, October 5, 2021, at 2:30 p.m.

1. Strategic Items
2. Financial and Operational Matters
3. Compensation and Personnel Matters
4. Administrative Items

    General Counsel Certification: The General Counsel of the United 
States Postal Service has certified that the meeting may be closed 
under the Government in the Sunshine Act.

CONTACT PERSON FOR MORE INFORMATION: Michael J. Elston, Secretary of 
the Board of Governors, U.S. Postal Service, 475 L'Enfant Plaza SW, 
Washington, DC 20260-1000. Telephone: (202) 268-4800.

Michael J. Elston,
Secretary.
[FR Doc. 2021-21165 Filed 9-24-21; 4:15 pm]
BILLING CODE 7710-12-P