[Federal Register Volume 80, Number 39 (Friday, February 27, 2015)]
[Notices]
[Page 10732]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-04063]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC
20549-2736.
Extension:
Rule 15g-6; SEC File No. 270-349, OMB Control No. 3235-0395.
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-6--Account
Statements for Penny Stock Customers--(17 CFR 240.15g-6) 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-6 requires brokers and dealers that sell penny stocks to
provide their customers monthly account statements containing
information with regard to the penny stocks held in customer accounts.
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 221 broker-dealers will
spend an average of 78 hours annually to comply with this rule. Thus,
the total compliance burden is approximately 17,238 burden-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: Pamela Dyson, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send an email
to [email protected].
Dated: February 23, 2015.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-04063 Filed 2-26-15; 8:45 am]
BILLING CODE 8011-01-P