Federal Register 60-Day Notice

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Federal Register / Vol. 91, No. 106 / Wednesday, June 3, 2026 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0434]

lotter on DSK8BHNXB4PROD with NOTICES1

Agency Information Collection
Activities; Proposed Collection;
Comment Request; Extension: Rule
15g–2
Upon Written Request, Copies
Available From: Securities and
Exchange Commission, Office of FOIA
Services, 100 F Street NE, Washington,
DC 20549–2736
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission (‘‘SEC’’ or
‘‘Commission’’) is soliciting comments
on the proposed collection of
information provided for in Rule 15g–2
(17 CFR 240.15g–2) under the Securities
Exchange Act of 1934 (15 U.S.C 78a et
seq.) (‘‘Exchange Act’’).
In adopting Rule 15g–2, the
Commission sought to combat the
unscrupulous, high-pressure sales
tactics of certain broker-dealers by
imposing objective and readily
reviewable requirements on the process
by which customers are induced to
purchase low-priced stocks: 1
• Rule 15g–2(a) prohibits a brokerdealer from effecting a transaction in a
penny stock for, or with, the account of
a customer unless, prior to effecting the
first such transaction, the broker-dealer:
(1) provides to the customer a disclosure
document containing, among other
things, the information set forth in
Schedule 15G under the Exchange Act
(‘‘penny stock disclosure document’’);
and (2) receives a signed and dated
acknowledgement of receipt of that
document by the customer. The penny
stock disclosure document gives several
important warnings to investors
concerning the penny stock market, and
cautions investors against making a
hurried investment decision;
• Rule 15g–2(b) prohibits a brokerdealer from effecting a transaction in
any penny stock for, or with, the
account of a customer less than two
business days after the broker-dealer
sends the customer the penny stock
disclosure document;
• Rule 15g–2(c) requires brokerdealers to maintain a copy of a
customer’s written acknowledgement
for at least three years following the date
on which the risk disclosure document
was provided to the customer, the first
two years in an accessible place; and
• Rule 15g–2(d) requires a brokerdealer, upon request of a customer, to
1 See Exchange Act Release No. 51983 (Jul. 7,
2005), 70 FR 40613 (Jul. 13, 2005).

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furnish the customer with a copy of
certain information set forth on the
Commission’s website.
The Commission estimates that
approximately 162 broker-dealers are
engaged in penny stock transactions and
that each of these firms processes an
average of three new customers for
penny stocks per week (52 weeks per
year × 3 transactions per week = 156
transactions per year). The Commission
further estimates that half (or 81) of the
broker-dealers send the penny stock
disclosure documents by mail, and the
other half send them through electronic
means such as email. Because the
Commission estimates that the copying
and mailing of the penny stock
disclosure document takes
approximately two minutes, there is an
aggregate annual burden of
approximately 421.2 hours (2 minutes
per response × 1 hour per 60 minutes ×
156 responses per respondent × 81
respondents) for this third-party
disclosure burden. Additionally,
because the Commission estimates that
sending the penny stock disclosure
document electronically takes
approximately one minute, there is an
aggregate annual burden of
approximately 210.6 hours (1 minutes
per response × 1 hour per 60 minutes ×
156 responses per respondent × 81
respondents) for this third-party
disclosure burden.
Broker-dealers also incur a
recordkeeping burden of approximately
two minutes per response when
processing penny stock disclosure
documents as required pursuant to Rule
15g–2(c). As such, respondents incur an
aggregate annual recordkeeping burden
of approximately 842.4 hours (2 minutes
per response × 1 hour per 60 minutes ×
156 responses per respondent × 162
respondents) for this recordkeeping
burden.
In addition, approximately 25% of the
156 customers who receive a penny
stock disclosure document from their
broker-dealer each year also request that
their broker-dealer provides them with
the additional information under Rule
15g–2(d), for a total of 39 customers per
year (156 respondents per year × 0.25).
Because the Commission estimates that
the copying and mailing of the
disclosure document containing the
additional information takes
approximately two minutes, there is an
aggregate annual burden of
approximately 210.6 hours (2 minutes
per customer × 1 hour per 60 minutes
× 39 customers per respondent × 162
respondents) for this third-party
disclosure burden.
An agency may not conduct or
sponsor, and a person is not required to

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respond to, a collection of information
unless it displays a currently valid OMB
Control Number.
Written comments are invited on: (a)
whether this proposed collection of
information is necessary for the proper
performance of the functions of the SEC,
including whether the information will
have practical utility; (b) the accuracy of
the SEC’s estimate of the burden
imposed by the proposed collection of
information, including the validity of
the methodology and the assumptions
used; (c) ways to enhance the quality,
utility, and clarity of the information to
be collected; and (d) ways to minimize
the burden of the collection of
information on respondents, including
through the use of automated, electronic
collection techniques or other forms of
information technology.
Please direct your written comments
on this 60-Day Collection Notice to
Austin Gerig, Director/Chief Data
Officer, Securities and Exchange
Commission, c/o Tanya Ruttenberg via
email to PaperworkReductionAct@
sec.gov by August 3, 2026.
Dated: June 1, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–11129 Filed 6–2–26; 8:45 am]
BILLING CODE 8011–01–P

SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #21507 and #21508;
OREGON Disaster Number OR–20021]

Presidential Declaration Amendment of
a Major Disaster for Public Assistance
Only for the State of Oregon
AGENCY: U.S. Small Business

Administration.
ACTION: Amendment 1.
SUMMARY: This is an amendment of the

Presidential declaration of a major
disaster for Public Assistance Only for
the State of Oregon (FEMA–4907–DR),
dated April 7, 2026.
Incident: Severe Storms, Straight-line
Winds, Flooding, Landslides, and
Mudslides.
DATES: Issued on May 28, 2026.
Incident Period: December 15, 2025
through December 21, 2025.
Physical Loan Application Deadline
Date: June 10, 2026.
Economic Injury (EIDL) Loan
Application Deadline Date: January 7,
2027.
ADDRESSES: Visit the MySBA Loan
Portal at https://lending.sba.gov to
apply for a disaster assistance loan.
FOR FURTHER INFORMATION CONTACT:
Jennifer Talarico, Office of Disaster

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