Document ID: SEC-2006-0161-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2006-02-09T05:00Z

[Federal Register: February 9, 2006 (Volume 71, Number 27)]
[Notices]               
[Page 6798]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09fe06-87]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549.

Extension:
    Rule 15g-5; SEC File No. 270-348; OMB Control No. 3235-0394.

    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 summary of 
collection for public comment.
    Rule 15g-5 under the Securities Exchange Act of 1934 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. This rule was adopted by the Commission to increase the 
level of disclosure to investors concerning penny stocks generally and 
specific penny stock transactions. It is estimated that approximately 
240 respondents incur an average burden of 100 hours annually to comply 
with the rule. The total annual reporting and recordkeeping burden will 
be 24,000 burden hours.
    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 will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information 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 R. Corey Booth, Director/
Chief Information Officer, Office of Information Technology, Securities 
and Exchange Commission, 100 F Street, NE., Washington, DC 20549.

     January 31, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-1783 Filed 2-8-06; 8:45 am]

BILLING CODE 8010-01-P