31518 Federal Register / Vol. 76, No. 105 / Wednesday, June 1, 2011 / Proposed Rules 

1 17 CFR 230.501. 

2 17 CFR 230.506. 

3 17 CFR 230.501 through 230.508. 

4 17 CFR 239.500. 

5 15 U.S.C. 77a et seq. 

COMMODITY FUTURES TRADING 

COMMISSION 

17 CFR Parts 22 and 190 

Public Roundtable on the Protection of 

Cleared Swaps Customer Collateral 

AGENCY: Commodity Futures Trading 

Commission (‘‘CFTC’’). 

ACTION: Notice of roundtable discussion; 

request for comment. 

SUMMARY: On June 3, 2011, commencing 

at 9:30 a.m. and ending at 5 p.m., staff 

of the CFTC will hold a public 

roundtable discussion at which invited 

participants will discuss certain issues 

related to the protection of cleared 

swaps customer collateral described in 

the CFTC’s notice of proposed 

rulemaking regarding the Protection of 

Cleared Swaps Customer Contracts and 

Collateral and Conforming Amendments 

to the Commodity Broker Bankruptcy 

Provisions (the ‘‘NPRM’’), a copy of 

which may be found on the CFTC’s Web 

site at http://www.cftc.gov/ucm/groups/ 

public/@newsroom/documents/file/ 

federalregister042711b.pdf. This is a 

preliminary version of the proposed 

rule; the version that will publish in the 

Federal Register may not be identical to 

this preliminary version. 

The roundtable will include 

discussions of the issues surrounding 

the implementation of the complete 

legal segregation model proposed in the 

NPRM, the optional approach 

highlighted in the NPRM, with specific 

emphasis regarding the bankruptcy 

issues surrounding such approach, and 

the advantages and disadvantages of the 

models proposed in the NPRM. 

DATES: The roundtable discussion will 

be held on June 3, 2011. 

ADDRESSES: The roundtable discussion 

will be open to the public with seating 

on a first-come, first-served basis, and 

will take place in the Conference Center 

at the CFTC’s headquarters at Three 

Lafayette Centre, 1155 21st Street, NW., 

Washington, DC. Members of the public 

may also listen by telephone. Call-in 

participants should be prepared to 

provide their first name, last name, and 

affiliation. The information for the 

conference call is set forth below. 

• US Toll-Free: 866–844–9416 

• International Toll: 203–369–5026 

• Passcode: 6066025 

A transcript of the public roundtable 

discussion will be published on the 

CFTC’s website at http://www.cftc.gov/ 

LawRegulation/DoddFrankAct/ 

Rulemakings/DF_6_SegBankruptcy/ 

index.htm. 

FOR FURTHER INFORMATION CONTACT: The 

CFTC’s Office of Public Affairs at (202) 

418–5080. 

SUPPLEMENTARY INFORMATION: The 

roundtable discussion will take place on 

Friday, June 3, 2011, commencing at 

9:30 a.m. and ending at 5 p.m. Members 

of the public who wish to comment on 

the topics addressed at the discussion, 

or on any other topics related to 

customer collateral protection in the 

context of the Act, may do so via: 

• Paper submission to David Stawick, 

Secretary, Commodity Futures Trading 

Commission, Three Lafayette Centre, 

1155 21st Street, NW., Washington, DC 

20581; or 

• Electronic submission by visiting 

http://comments.cftc.gov and following 

the instructions for submitting 

comments through the CFTC’s Web site. 

All comments must be in English or 

be accompanied by an English 

translation. All submissions provided to 

the CFTC in any electronic form or on 

paper may be published on the website 

of the CFTC, without review and 

without removal of personally 

identifying information. Please submit 

only information that you wish to make 

publicly available. 

By the Commodity Futures Trading 

Commission. 

Dated: May 25, 2011. 

David A. Stawick, 

Secretary. 

[FR Doc. 2011–13585 Filed 5–31–11; 8:45 am] 

BILLING CODE P 

SECURITIES AND EXCHANGE 

COMMISSION 

17 CFR Parts 230 and 239 

[Release No. 33–9211; File No. S7–21–11] 

RIN 3235–AK97 

Disqualification of Felons and Other 

‘‘Bad Actors’’ From Rule 506 Offerings 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Proposed rule. 

SUMMARY: We are proposing 

amendments to our rules to implement 

Section 926 of the Dodd-Frank Wall 

Street Reform and Consumer Protection 

Act. Section 926 requires us to adopt 

rules that disqualify securities offerings 

involving certain ‘‘felons and other ‘bad 

actors’’’ from reliance on the safe harbor 

from Securities Act registration 

provided by Rule 506 of Regulation D. 

The rules must be ‘‘substantially 

similar’’ to Rule 262, the disqualification 

provisions of Regulation A under the 

Securities Act, and must also cover 

matters enumerated in Section 926 

(including certain state regulatory 

orders and bars). 

DATES: Comments should be received on 

or before July 14, 2011. 

ADDRESSES: Comments may be 

submitted by any of the following 

methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/proposed.shtml); 

• Send an e-mail to rulecomments@sec.gov. Please include File 

Number S7–21–11 on the subject line; 

or 

• Use the Federal Rulemaking Portal 

(http://www.regulations.gov). Follow the 

instructions for submitting comments. 

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 S7–21–11. To help us process 

and review your comments more 

efficiently, please use only one method. 

The Commission will post all comments 

on the Commission’s Web site (http:// 

www.sec.gov/rules/proposed.shtml). 

Comments also are available for Web 

site viewing and printing in the 

Commission’s Public Reference Room, 

100 F Street, NE., Room 1580, 

Washington, DC 20549, on official 

business days between the hours of 

10 a.m. and 3 p.m. All comments 

received will be posted without change; 

we do not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. 

FOR FURTHER INFORMATION CONTACT: 

Johanna Vega Losert, Special Counsel; 

Karen C. Wiedemann, Attorney-Fellow; 

or Gerald J. Laporte, Office Chief, Office 

of Small Business Policy, at (202) 551– 

3460, Division of Corporation Finance, 

U.S. Securities and Exchange 

Commission, 100 F Street, NE., 

Washington, DC 20549–3628. 

SUPPLEMENTARY INFORMATION: We 

propose to amend Rules 5011 and 506 2

of Regulation D 3 and Form D 4 under 

the Securities Act of 1933 (‘‘Securities 

Act’’).5


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