Federal Register 30-Day Notice

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Federal Register / Vol. 91, No. 151 / Friday, August 7, 2026 / Notices
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.10
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–16096 Filed 8–6–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0434]

khammond on DSK9W7S144PROD with NOTICE

Agency Information Collection
Activities; Submission for OMB
Review; 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 submitting to the
Office of Management and Budget
(‘‘OMB’’) this request for extension of
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
10 17 CFR 200.30–3(a)(12).
1 See Exchange Act Release No. 51983 (Jul. 7,
2005), 70 FR 40613 (Jul. 13, 2005).

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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
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

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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
respond to, a collection of information
unless it displays a currently valid OMB
Control Number.
The public may view and comment
on this information collection request
at: https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202605-3235-025
or email comment to
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov within 30 days of the day
after publication of this notice, by
September 8, 2026.
Dated: August 4, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–16086 Filed 8–6–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–106034; File No. SR–
NASDAQ–2026–062]

Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Amend
Equity 7, Section 122 To Remove Daily
List and Fundamental Data From the
Nasdaq Rulebook and Clarify How
Certain Information Will Be Distributed
August 4, 2026.

Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on July 29,
2026, The Nasdaq Stock Market LLC
(‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared by the Exchange. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to modify
how the exchange makes certain
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.

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