Notice2024-17652
Submission for OMB Review; Comment Request; Extension: Rule 15g-4
Primary source
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Published
August 9, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 154 (Friday, August 9, 2024)</title>
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[Federal Register Volume 89, Number 154 (Friday, August 9, 2024)]
[Notices]
[Pages 65468-65469]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-17652]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-347, OMB Control No. 3235-0393]
Submission for OMB Review; 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'') has submitted to the Office of Management
and Budget (``OMB'') a request for extension of 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.).
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.
Rule 15g-4 contains record retention requirements. Compliance with
the rule is mandatory. The required records are available only to the
examination staff of the Commission and the self regulatory
organizations of which the broker-dealer is a member.
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.
The public may view background documentation for this information
collection at the following website: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
Written comments and recommendations for the proposed information
collection should be sent by September 9, 2024 to (i) <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>
[[Page 65469]]
and (ii) Austin Gerig, Director/Chief Data Officer, Securities and
Exchange Commission, c/o Oluwaseun Ajayi, 100 F Street NE, Washington,
DC 20549, or by sending an email to: <a href="/cdn-cgi/l/email-protection#85d5d7c4dac8e4ece9e7eafdc5f6e0e6abe2eaf3"><span class="__cf_email__" data-cfemail="530301120c1e323a3f313c2b132036307d343c25">[email protected]</span></a>.
Dated: August 5, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-17652 Filed 8-8-24; 8:45 am]
BILLING CODE 8011-01-P
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