Rule 15g-5; Disclosure of Compensation of Associated Persons in Connection with Penny Stock Transactions

ICR 201803-3235-012

OMB: 3235-0394

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2018-10-19
Supplementary Document
2018-10-19
ICR Details
3235-0394 201803-3235-012
Active 201501-3235-009
SEC TM-270-348
Rule 15g-5; Disclosure of Compensation of Associated Persons in Connection with Penny Stock Transactions
Extension without change of a currently approved collection   No
Regular
Approved without change 02/05/2019
Retrieve Notice of Action (NOA) 10/19/2018
  Inventory as of this Action Requested Previously Approved
02/28/2022 36 Months From Approved 02/28/2019
1,018,875 0 1,154,725
16,964 0 19,245
0 0 0

Rule 15g-5 (17 CFR 240.15g-5) requires brokers and dealers effecting transactions for or with customer in penny stocks to disclose the amount of compensation to be received by the sales agent in connection with the transaction.

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

Not associated with rulemaking

  83 FR 17695 04/23/2018
83 FR 53128 10/19/2018
No

1
IC Title Form No. Form Name
Rule 15g-5; Disclosure of Compensation of Associated Persons in Connection with Penny Stock Transactions

  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 1,018,875 1,154,725 0 0 -135,850 0
Annual Time Burden (Hours) 16,964 19,245 0 0 -2,281 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The total annual hourly burden of compliance has decreased from approximately 19,245 to approximately 16,965 hours due to a change in methodology for estimating the number of broker-dealers affected. We previously estimated that 221 broker-dealers were subject to the penny stock rules. We now estimate that there are approximately 195 penny stock dealers subject to the penny stock rules.

$0
No
    No
    No
No
No
No
Uncollected
Jane Wetterau 202 551-4483

  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.
10/19/2018


© 2024 OMB.report | Privacy Policy