Document ID: SEC-2009-0557-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2009-04-22T04:00Z

[Federal Register: April 22, 2009 (Volume 74, Number 76)]
[Notices]               
[Page 18409]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr22ap09-80]                         

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SECURITIES AND EXCHANGE COMMISSION

 
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 a request for approval of extension of 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.).
    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 240 broker-dealers will 
each 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.
    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.
    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 e-mail to: Shagufta_
Ahmed@omb.eop.gov; and (ii) Charles Boucher, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o Shirley Martinson, 
6432 General Green Way, Alexandria, VA 22312 or send an e-mail to PRA_
Mailbox@sec.gov. Comments must be submitted within 30 days of this 
notice.

    Dated: April 15, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-9160 Filed 4-21-09; 8:45 am]

BILLING CODE 8010-01-P