Document ID: SEC-2009-0233-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2009-02-20T05:00Z

[Federal Register: February 20, 2009 (Volume 74, Number 33)]
[Notices]               
[Page 7939-7940]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr20fe09-108]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; 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.) that the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the existing 
collection of information provided for in the following rule: 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.). The Commission 
plans to submit this existing collection of information to the Office 
of Management and Budget (``OMB'') for extension and approval.
    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.

[[Page 7940]]

    The Commission estimates that approximately 240 broker-dealers will 
spend an average of 100 hours annually to comply with the rule. Thus, 
the total compliance burden is estimated to be approximately 24,000 
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 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.
    Comments should be directed to: Charles Boucher, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Shirley 
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or send 
an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted within 
60 days of this notice.

    Dated: February 13, 2009.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E9-3577 Filed 2-19-09; 8:45 am]

BILLING CODE 8011-01-P