Rule 15g-3; Broker-Dealer Disclosure of Quotations and other Information Relating to the Penny Stock Market

ICR 201412-3235-014

OMB: 3235-0392

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2015-06-10
ICR Details
3235-0392 201412-3235-014
Historical Active 201202-3235-003
SEC TM-270-346
Rule 15g-3; Broker-Dealer Disclosure of Quotations and other Information Relating to the Penny Stock Market
Extension without change of a currently approved collection   No
Regular
Approved without change 10/22/2015
Retrieve Notice of Action (NOA) 06/10/2015
  Inventory as of this Action Requested Previously Approved
10/31/2018 36 Months From Approved 10/31/2015
1,154,725 0 1,092,025
19,245 0 18,200
0 0 0

Rule 15g-3 (17 CFR 240.15g-3) requires that brokers or dealers disclose to customers current quotation prices or similar market information in connection with penny stock transactions.

US Code: 15 USC 78o(g), and 78w(a) Name of Law: 15(g) and 23(a) of the Securities Exchange Act of 1934
   US Code: 15 USC 78c(a)(51)(B), 78c(b), 78o(c), Name of Law: 3(a)(51)(B), 3(b), 15(c) of the Securities Exchange Act of 1934
  
None

Not associated with rulemaking

  80 FR 1436 01/09/2015
80 FR 14429 03/19/2015
No

1
IC Title Form No. Form Name
Rule 15g-3; Broker-Dealer Disclosure of Quotations and other Information Relating to the Penny Stock Market

  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 1,154,725 1,092,025 0 0 62,700 0
Annual Time Burden (Hours) 19,245 18,200 0 0 1,045 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The total annual hourly burden of compliance has increased from approximately 18,200 to approximately 9,245 hours due to a change in methodology for estimating the number of broker-dealers affected. We previously estimated that 209 broker-dealers were subject to the penny stock rules. We now estimate that there are approximately 221 broker-dealers subject to the penny stock rules.

$0
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.
06/10/2015


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