Rule 15c1-7, 17 CFR 240.15c1-7 (Discretionary Accounts)

ICR 201409-3235-027

OMB: 3235-0134

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2015-02-25
IC Document Collections
IC ID
Document
Title
Status
34429
Modified
ICR Details
3235-0134 201409-3235-027
Historical Active 201109-3235-013
SEC TM 270-146
Rule 15c1-7, 17 CFR 240.15c1-7 (Discretionary Accounts)
Extension without change of a currently approved collection   No
Regular
Approved without change 04/09/2015
Retrieve Notice of Action (NOA) 02/25/2015
  Inventory as of this Action Requested Previously Approved
04/30/2018 36 Months From Approved 04/30/2015
400,062 0 400,000
33,338 0 33,333
0 0 0

The Commission adopted Rule l5c1-7 in 1937 (17 CFR 240.l5c1-7) to protect the public from broker-dealers that transact unauthorized trades. The rule provides that any act of a broker-dealer designed to effect securities transactions with or for a customer account over which the broker-dealer (directly or through an agent or employee) has discretion will be considered a fraudulent, manipulative, or deceptive practice under the federal securities laws, unless a record is made of the transaction immediately by the broker-dealer. The record must include (a) the name of the customer, (b) the name, amount, and price of the security, and (c) the date and time when such transaction took place.

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

Not associated with rulemaking

  79 FR 59524 10/02/2014
79 FR 72218 12/05/2014
No

1
IC Title Form No. Form Name
Rule 15c1-7, 17 CFR 240.15c1-7 (Discretionary Accounts)

  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 400,062 400,000 0 0 62 0
Annual Time Burden (Hours) 33,338 33,333 0 0 5 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The estimated burden hours per respondent of collecting information pursuant to Rule 15c1-7 has increased because of the reduced number of registered broker-dealers subject to the rule. There is no increase in the overall time burden.

$20,250
No
No
No
No
No
Uncollected
Darren Vieira 202 551-5575 [email protected]

  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.
02/25/2015


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