Rule 15-g2 (17 CFR 240.15g-2) Risk disclosure document relating to the Penny Stock Rules

ICR 202007-3235-020

OMB: 3235-0434

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2020-11-09
Supplementary Document
2020-11-09
Supporting Statement A
2020-07-31
IC Document Collections
IC ID
Document
Title
Status
35109
Modified
242925
New
242924
New
242923
New
ICR Details
3235-0434 202007-3235-020
Received in OIRA 201707-3235-004
SEC TM-270-381
Rule 15-g2 (17 CFR 240.15g-2) Risk disclosure document relating to the Penny Stock Rules
Extension without change of a currently approved collection   No
Regular 11/09/2020
  Requested Previously Approved
36 Months From Approved 01/31/2021
63,882 30,888
1,893 2,060
0 0

Rule 17 CFR 240.15g-2, adopted Jul 12, 1992, and amended on July 13, 2005, requires broker-dealers to provide their customers with a risk disclosure document, as set forth in Schedule 15G, prior to their first non-exempt transaction in a "penny stock."

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

  85 FR 50844 08/18/2020
85 FR 71374 11/09/2020
No

4
IC Title Form No. Form Name
15g-2(a) - Mailing documents
15g-2(c)
15g-2(a) - E-mailing documents
15g-2(d)

  Total Request 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 63,882 30,888 0 0 32,994 0
Annual Time Burden (Hours) 1,893 2,060 0 0 -167 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
There was an overall decrease in the total burden hours because the number of registered broker-dealers we expect will be engaged in penny stock transactions decreased from 198 to 182.

$0
No
    No
    No
No
No
No
No
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.
11/09/2020


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