Document ID: SEC-2009-0565-0001
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 18410]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr22ap09-83]                         

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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 a request for extension of the existing collection of 
information provided for in the following rule: 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 240 broker-dealers will 
spend an average of 100 hours annually to comply with the rule. Thus, 
the total compliance burden is approximately 24,000 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 
organization of which the broker or dealer is a member. 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. E9-9161 Filed 4-21-09; 8:45 am]

BILLING CODE 8010-01-P