Rule 15g-9, Sales Practice Requirements for Certain Low-Priced Securities

ICR 201403-3235-004

OMB: 3235-0385

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2014-09-17
IC Document Collections
ICR Details
3235-0385 201403-3235-004
Historical Active 201106-3235-002
SEC TM-270-325
Rule 15g-9, Sales Practice Requirements for Certain Low-Priced Securities
Extension without change of a currently approved collection   No
Regular
Approved without change 11/28/2014
Retrieve Notice of Action (NOA) 09/17/2014
  Inventory as of this Action Requested Previously Approved
11/30/2017 36 Months From Approved 11/30/2014
34,476 0 39,468
17,238 0 27,298
0 0 0

Rule 17 CFR 240.15g-9, originally adopted Aug. 28, 1989 as Rule 15c2-6 under the Exchange Act, was redesignated as Rule 15g-9 and amended on July 12, 1993 and amended on July 15, 2005. The rule prohibits a broker-dealer, absent certain exceptions, from buying or selling a penny stock without first obtaining the agreement of the customer and the broker-dealer then providing a written finding of suitability to the customer.

US Code: 15 USC 78c(b), 78o(c), 78o(g) and 78w Name of Law: Sections 2, 3(b), 15B, 15(c), 15(g), 17 and 23(a) of the Securities Exchange Act of 1934.
  
None

Not associated with rulemaking

  79 FR 39000 07/09/2014
79 FR 54757 09/12/2014
No

1
IC Title Form No. Form Name
Rule 15g-9, Sales Practice Requirements for Certain Low-Priced Securities

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 34,476 39,468 0 0 -4,992 0
Annual Time Burden (Hours) 17,238 27,298 0 0 -10,060 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
There was a decrease in the number of respondents affected by the rule, which impacted agency estimates. This decrease was caused by a decrease in the number of registered broker-dealers.

$2,500
No
No
No
No
No
Uncollected
Timothy White 202 551-7232

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
09/17/2014


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