Notice2024-12099
Proposed Collection; Comment Request; Extension: Rule 15g-4
Primary source
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Published
June 3, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 107 (Monday, June 3, 2024)</title>
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[Federal Register Volume 89, Number 107 (Monday, June 3, 2024)]
[Notices]
[Page 47661]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-12099]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-347, OMB Control No. 3235-0393]
Proposed Collection; Comment Request; Extension: Rule 15g-4
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-4--Disclosure of
compensation to brokers or dealers (17 CRF 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 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
August 2, 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#ecbcbeadb3a18d85808e8394ac9f898fc28b839a"><span class="__cf_email__" data-cfemail="9fcfcddec0d2fef6f3fdf0e7dfecfafcb1f8f0e9">[email protected]</span></a>.
Dated: May 29, 2024.
Sherry R. Haywood.
Assistant Secretary.
[FR Doc. 2024-12099 Filed 5-31-24; 8:45 am]
BILLING CODE 8011-01-P
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