Notice2024-10976
Proposed Collection; Comment Request; Extension: Rule 15g-3
Primary source
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Published
May 20, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 98 (Monday, May 20, 2024)</title>
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[Federal Register Volume 89, Number 98 (Monday, May 20, 2024)]
[Notices]
[Page 43915]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-10976]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-346, OMB Control No. 3235-0392]
Proposed Collection; Comment Request; Extension: Rule 15g-3
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
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-3--Broker or dealer
disclosure of quotations and other information relating to the penny
stock market (17 CFR 240.15g-3) 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-3 requires that brokers and dealers disclose to customers
current quotation prices or similar market information in connection
with transactions in penny stocks. 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 170 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
14,804 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 Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates of the burden of the proposed collection of information; (c)
ways to enhance the quality, utility, and clarity of the information
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 by
July 19, 2024.
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 John
Pezzullo, 100 F Street NE, Washington, DC 20549, or send an email to:
<a href="/cdn-cgi/l/email-protection#de8e8c9f8193bfb7b2bcb1a69eadbbbdf0b9b1a8"><span class="__cf_email__" data-cfemail="e9b9bba8b6a48880858b8691a99a8c8ac78e869f">[email protected]</span></a>.
Dated: May 15, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-10976 Filed 5-17-24; 8:45 am]
BILLING CODE 8011-01-P
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