[Federal Register Volume 77, Number 73 (Monday, April 16, 2012)]
[Notices]
[Pages 22615-22616]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-9012]


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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-4; OMB Control No. 3235-0393; SEC File No. 270-347.

    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 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 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-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. 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:

[[Page 22616]]

<a href="/cdn-cgi/l/email-protection#df8cb7beb8aab9abbe809eb7b2babb9fb0b2bdf1bab0aff1b8b0a9"><span class="__cf_email__" data-cfemail="62310a0305170416033d230a0f0706220d0f004c070d124c050d14">[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#bceceefde3f1ddd5d0ded3c4fccfd9df92dbd3ca"><span class="__cf_email__" data-cfemail="2f7f7d6e70624e46434d40576f5c4a4c01484059">[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. 2012-9012 Filed 4-13-12; 8:45 am]
BILLING CODE 8011-01-P


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