Document ID: SEC-2010-1728-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2010-11-12T05:00Z

[Federal Register Volume 75, Number 218 (Friday, November 12, 2010)]
[Notices]
[Pages 69476-69477]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-28543]

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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.

Extension:
    Rule 17a-4(b)(11); SEC File No. 270-449; OMB Control No. 3235-
0506; Rule 17a-3(a)(16).

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. Sec. 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 the following rule: 
Rule 17a-4(b)(11) (17 CFR 240.17a-4(b)(11)) under the Securities 
Exchange Act of 1934 (15 U.S.C. 78a et seq.).
    Rule 17a-4(b)(11) describes the record preservation requirements 
for those records required to be kept pursuant to Rule 17a-3(a)(16), 
including how such records should be kept and for how long, to be used 
in monitoring compliance with the Commission's financial responsibility 
program and antifraud and antimanipulative rules as well as other rules 
and regulations of the Commission and the self-regulatory 
organizations.
    It is estimated that respondents will incur a total burden of 2,835 
hours per year (105 respondents multiplied by 27 burden hours to comply 
with Rule 17a-3(a)(16). It is estimated that approximately 105 active 
broker-dealer respondents registered with the Commission will incur a 
total burden of 315 hours per year to comply with Rule 17a-4(b)(11), 
(105 respondents multiplied by 3 burden hours per respondent equals 315 
total burden hours).
    The Commission estimates that an employee of a broker-dealer 
charged to ensure compliance with Rule 17a-3(a)(16) receives annual 
compensation of $238,000. This compensation is the equivalent of $119 
per hour ($238,000 divided by 2,000 payroll hours per year). Thus, the 
average cost estimated for each respondent would be $3,213:
Rule 17a-3(a)(16); Recordkeeping requirements 27 hours at $119/hr = 
$3,213.
    The Commission estimates that an employee of a broker-dealer 
charged to ensure compliance with Rule 17a-4(b)(11) receives annual 
compensation of $238,000. This compensation is the equivalent of $119 
per hour ($238,000 divided by 2,000 pay roll hours per year). Thus, the 
average cost estimated for each respondent would be $357.00:
Rule 17a-4(b)(11); Record preservation requirements 3 hours at $119/hr 
= $ 357.
    Accordingly, the annual aggregated hour burden for each broker-
dealer required to comply with Rules 17a-

[[Page 69477]]

3(a)(16) and 17a-4(b)(11) would be $3,570: ($3,213 + $357 = $3,570).
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    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.
    Please direct your written comments to Thomas Bayer, Chief 
Information Officer, Securities and Exchange Commission, C/O Remi 
Pavlik-Simon, 6432 General Green Way, Alexandria, VA, 22312 or by 
sending an e-mail to: PRA_Mailbox@sec.gov.

    Dated: November 4, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-28543 Filed 11-10-10; 8:45 am]
BILLING CODE 8011-01-P