[Federal Register Volume 77, Number 73 (Monday, April 16, 2012)]
[Notices]
[Page 22615]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-9011]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

Upon written request, copies available from: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Rule 15g-3, OMB Control No. 3235-0392, SEC File No. 270-346.

    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'') has submitted to the Office of Management 
and Budget (``OMB'') a request for approval of extension of 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.).
    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 209 broker-dealers will 
spend an average of 87 hours annually to comply with this rule. Thus, 
the total compliance burden is approximately 18,200 burden-hours per 
year.
    Rule 15g-3 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. The Commission 
may not conduct or sponsor a collection of information unless it 
displays a currently valid OMB control number. No person shall be 
subject to any penalty for failing to comply with a collection of 
information subject to the PRA that does not display a valid OMB 
control number.
    Background documentation for this information collection may be 
viewed at the following Web site, www.reginfo.gov. Comments should be 
directed to: (i) Desk Officer for the Securities and Exchange 
Commission, Office of Information and Regulatory Affairs, Office of 
Management and Budget, Room 10102, New Executive Office Building, 
Washington, DC 20503 or by sending an email to: <a href="/cdn-cgi/l/email-protection#4a19222b2d3f2c3e2b150b22272f2e0a252728642f253a642d253c"><span class="__cf_email__" data-cfemail="1c4f747d7b697a687d435d747179785c73717e3279736c327b736a">[email protected]</span></a>; and (ii) Thomas Bayer, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 
6432 General Green Way, Alexandria, VA 22312 or send an email to <a href="/cdn-cgi/l/email-protection#c39391829c8ea2aaafa1acbb83b0a6a0eda4acb5"><span class="__cf_email__" data-cfemail="104042514f5d71797c727f68506375733e777f66">[email protected]</span></a>. Comments must be submitted to OMB within 30 days of 
this notice.

    Dated: April 10, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-9011 Filed 4-13-12; 8:45 am]
BILLING CODE 8011-01-P


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