[Federal Register Volume 62, Number 15 (Thursday, January 23, 1997)]
[Notices]
[Pages 3540-3541]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-1561]
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SECURITIES AND EXCHANGE COMMISSION
Request for Public Comment; Upon Written Request, Copies
Available From: Securities and Exchange Commission, Office of Filings
and Information Services, Washington, DC 20549
Extension:
Rule 15g-3.................. SEC File No. 270-346............ OMB Control No. 3235-0392
Rule 15g-4.................. SEC File No. 270-347............ OMB Control No. 3235-0393
Rule 15g-5.................. SEC File No. 270-348............ OMB Control No. 3235-0394
Rule 15g-6.................. SEC File No. 270-349............ OMB Control No. 3235-0395
Rule 15g-7(a)............... SEC File No. 270-350............ OMB Control No. 3235-0396
Rule 17Ac2-1 and Form TA-1.. SEC File No. 270-95............. OMB Control No. 3235-0084
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') is publishing the following summaries of
collections for public comment.
Rule 15g-3 requires that brokers and dealers disclose to customers
current quotation prices or similar market information in connection
with
[[Page 3541]]
transactions in certain low-priced, over-the-counter securities. It is
estimated that approximately 270 respondents incur an average burden of
100 hours annually to comply with the rule.
Rules 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. It is estimated that approximately 270 respondents incur
an average of 100 hours annually to comply with the rule.
Rule 15g-5 requires brokers and dealers to disclose to customers
the amount of compensation to be received by their sales agents in
connection with penny stock transactions. It is estimated that
approximately 270 respondents incur an average burden of 100 hours
annually to comply with the rule.
Rule 15g-6 requires brokers and dealers that sell penny stocks to
their customers to provide monthly account statements containing
information with regard to the penny stocks held in customer accounts.
It is estimated that approximately 270 respondents incur an average
burden of 90 hours annually to comply with the rule.
Rule 15g-7(a) would require brokers and dealers that effect
transactions in penny stocks and are the only market makers with
respect to such securities to disclose this fact in connection with
such transactions. It is estimated that approximately 270 respondents
would incur an average burden of 50 hours annually to comply with the
rule.
Rule 17Ac2-1 and Form TA-1 is used by transfer agents to register
with the Commission, the Comptroller of the Currency, the Board of
Governors of the Federal Reserve System, or the Federal Deposit
Insurance Corporation, and to amend their registration.
It is estimated that approximately 359 respondents will incur an
average burden of 538.5 hours annually to comply with the rule and
form.
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 estimate 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.
Direct your written comments to Michael E. Bartell, Associate
Executive Director, Office of Information Technology, Securities and
Exchange Commission, 450 5th Street, N.W. Washington, DC 20549.
Dated: January 14, 1997.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-1561 Filed 1-22-97; 8:45 am]
BILLING CODE 8010-01-M