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Federal Register / Vol. 86, No. 118 / Wednesday, June 23, 2021 / Rules and Regulations September 30, 2021, will enable qualified bidders to become familiar with the bidding system and to practice submitting bids prior to the auction.
OEA and WTB recommend that all qualified bidders, including all their authorized bidders, participate to assure that they can log in to the bidding system and gain experience with the bidding procedures. Participating in the mock auction may reduce the likelihood of a bidder making a mistake during the auction. Details regarding the mock auction will be announced in the Qualified Bidders Public Notice for Auction 110.
161. After the clock phase of the auction concludes, a separate mock auction for the assignment phase will be held for those qualified bidders that won generic blocks in the clock phase.

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J. Auction Delay, Suspension, or Cancellation 162. At any time before or during the bidding process, OEA, in conjunction with WTB, may delay, suspend, or cancel bidding in Auction 110 in the event of a natural disaster, technical obstacle, network interruption, administrative or weather necessity, evidence of an auction security breach or unlawful bidding activity, or for any other reason that affects the fair and efficient conduct of competitive bidding. This approach has proven effective in resolving exigent circumstances in previous auctions and OEA and WTB find no reason to depart from it here. OEA will notify participants of any such delay, suspension, or cancellation by public notice and/or through the bidding systems announcement function. If the bidding is delayed or suspended, then OEA may, in its sole discretion, elect to resume the auction starting from the beginning of the current round or from some previous round, or cancel the auction in its entirety. OEA and WTB
emphasize that they will exercise this authority at their discretion.
K. Fraud Alert 163. As is the case with many business investment opportunities, some unscrupulous entrepreneurs may attempt to use Auction 110 to deceive and defraud unsuspecting investors.
Common warning signals of fraud include the following:
The first contact is a cold call from a telemarketer or is made in response to an inquiry prompted by a radio or television infomercial.
The offering materials used to invest in the venture appear to be targeted at IRA funds, for example, by including all documents and papers
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needed for the transfer of funds maintained in IRA accounts.
The amount of investment is less than $25,000.
The sales representative makes verbal representations that: a The Internal Revenue Service, Federal Trade Commission FTC, Securities and Exchange Commission SEC, FCC, or other government agency has approved the investment; b the investment is not subject to state or federal securities laws; or c the investment will yield unrealistically high short-term profits.
In addition, the offering materials often include copies of actual FCC releases, or quotes from FCC personnel, giving the appearance of FCC knowledge or approval of the solicitation.
164. Information about deceptive telemarketing investment schemes is available from the FCC, as well as the FTC and SEC. Additional sources of information for potential bidders and investors may be obtained from the following sources:
The FCCs Consumer Call Center at 888 2255322 or by visiting www.fcc.gov/general/frauds-scams-andalerts-guides.
the FTC at 877 FTCHELP 877
3824357 or by visiting www.consumer.ftc.gov/articles/0238investment-risks.
the SEC at 202 9427040 or by visiting www.sec.gov/investor.
165. Complaints about specific deceptive telemarketing investment schemes should be directed to the FTC, the SEC, or the National Fraud Information Center at 202 8350618.
IV. Bidding Procedures 166. OEA and WTB will conduct Auction 110 using an ascending clock auction design with two phases. The first phase of the auctionthe clock phasewill consist of successive clock bidding rounds in which bidders indicate their demands for a number of generic license blocks in specific categories and PEAs. In the second phasethe assignment phasewinning clock phase bidders will have the opportunity to bid for their preferred combinations of frequency-specific license assignments, consistent with their clock phase winnings, in a series of sealed-bid rounds conducted by PEA
or, in some cases, PEA group.
167. In conjunction with WTB, OEA
will release shortly updated technical guides that provide the mathematical details of the adopted auction design and algorithms for the clock and assignment phases of Auction 110. The information in the updated technical guides, which are available in the Education section of the Auction 110

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website www.fcc.gov/auction/110, supplements the decisions in the Auction 110 Procedures Public Notice.
The Auction 110 Clock Phase Technical Guide details the adopted procedures for the clock phase of Auction 110. The Auction 110 Assignment Phase Technical Guide details the adopted procedures for the assignment phase.
A. Clock Phase 1. Clock Auction Design 168. Under the bidding procedures that OEA and WTB adopt, during the clock phase of Auction 110, bidders will indicate their demands for generic license blocks in a bidding category in specific geographic areasin this case, PEAs. There may be one or two bidding categories in a given PEA. The clock auction format will proceed in a series of rounds, with bidding being conducted simultaneously for all spectrum blocks in all PEAs available in the auction. During each bidding round, the bidding system will announce a perblock clock price for each category in each PEA. Qualified bidders will submit, for each category and PEA for which they wish to bid, the number of blocks they seek at the clock price associated with the current round.
Bidding rounds will be open for predetermined periods of time. Bidders will be subject to activity and eligibility rules that govern the pace at which they participate in the auction.
169. As proposed, for each product a category in a PEAthe clock price for a generic license block will increase from round to round if bidders indicate total demand for blocks in that product that exceeds the number of blocks available. The bidding rounds will continue until, for all products, the total number of blocks that bidders demand does not exceed the supply of available blocks.
170. If the aggregate reserve price to satisfy the CSEA requirement has been met at the time that the clock phase bidding stops, those bidders indicating demand for a product at the final clock phase price will be deemed winning bidders, and the auction will proceed to the assignment phase. If the reserve price has not been met at the time bidding stops in the clock phase, the auction will end, and no licenses will be assigned.
171. Following the clock phase, if the reserve price has been met, the assignment phase will offer clock phase winners the opportunity to bid an additional amount for licenses with specific frequencies. All winning bidders, regardless of whether they bid in the assignment phase, will be
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