Notice2021-13505
Proposed Collection; Comment Request
Primary source
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Published
June 25, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 120 (Friday, June 25, 2021)</title>
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[Federal Register Volume 86, Number 120 (Friday, June 25, 2021)]
[Notices]
[Page 33800]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-13505]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-347, OMB Control No. 3235-0393]
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, Washington, DC 20549-2736
Extension:
Rule 15g-4
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the existing
collection of information provided for in Rule 15g-4--Disclosure of
compensation to brokers or dealers (17 CFR 240.15g-4) under the
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). The Commission
plans to submit this existing collection of information to the Office
of Management and Budget (``OMB'') for extension and approval.
Rule 15g-4 requires brokers and dealers effecting transactions in
penny stocks for or with customers to disclose the amount of
compensation received by the broker-dealer in connection with the
transaction. The purpose of the rule is to increase the level of
disclosure to investors concerning penny stocks generally and specific
penny stock transactions.
The Commission estimates that approximately 178 broker-dealers will
each spend an average of approximately 87.0833333 hours annually to
comply with this rule. Thus, the total time burden is approximately
15,501 hours per year.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information shall
have practical utility; (b) the accuracy of the agency's estimates of
the burden of the proposed collection of information; (c) ways to
enhance the quality, utility, and clarity of the information to be
collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology.
Consideration will be given to comments and suggestions submitted in
writing within 60 days of this publication.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information under the PRA unless it
displays a currently valid OMB control number.
Please direct your written comments to: David Bottom, Director/
Chief Information Officer, Securities and Exchange Commission, c/o
Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or send an email
to: <a href="/cdn-cgi/l/email-protection#b1e1e3f0eefcd0d8ddd3dec9f1c2d4d29fd6dec7"><span class="__cf_email__" data-cfemail="07575546584a666e6b65687f4774626429606871">[email protected]</span></a>.
Dated: June 21, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-13505 Filed 6-24-21; 8:45 am]
BILLING CODE 8011-01-P
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