Rule 15g-9, Sales Practice Requirements for Certain Low-Priced Securities

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
3235-0385_30-Day Submission Notice.pdf.pdf	Supplementary Document	Uploaded 2026-09-03	Available
3235-0385_60-Day Collection Notice.pdf	Supplementary Document	Uploaded 2026-06-29	Available
2026 Rule 15g-9 Supporting Statement.pdf	Supporting Statement A	Uploaded 2026-06-24	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
34974	Rule 15g-9, Sales Practice Requirements for Certain Low-Priced Securities		Modified

ICR Details

OMB Control No: 3235-0385	ICR Reference No: 202606-3235-016
Status: Received in OIRA	Previous ICR Reference No: 202308-3235-013
Agency/Subagency: SEC	Agency Tracking No: TM
Title: Rule 15g-9, Sales Practice Requirements for Certain Low-Priced Securities
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 09/03/2026

table that charts list comparision

	Requested	Previously Approved
Expiration Date	36 Months From Approved	12/31/2026
Responses	25,272	27,300
Time Burden (Hours)	12,636	13,650
Cost Burden (Dollars)	0	0

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Abstract: The Commission adopted Rule 15g-9 (17 CFR 240.15g-9) pursuant to Section 15(c)(2) of the Securities Exchange Act of 1934 (“Exchange Act”), which authorizes the Commission to promulgate rules reasonably designed to prevent any fraudulent, deceptive, or manipulative device or contrivance in connection with the over-the-counter market. Rule 15g-9 helps protect investors from fraudulent sales practices in penny stocks by, among other things, requiring that the person agree in writing to the penny stock transaction and requiring that the broker-dealer provide a copy of its suitability determination to the person prior to the person’s commitment to purchase a penny stock.

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Authorizing Statute(s): 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.
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 39149	06/29/2026
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 56696	09/03/2026
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Rule 15g-9, Sales Practice Requirements for Certain Low-Priced Securities

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ICR Summary of Burden

table that charts list of burden

	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	25,272	27,300	0	0	-2,028	0
Annual Time Burden (Hours)	12,636	13,650	0	0	-1,014	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The total annual burden hours decreased from 13,650 to 12,636 due to a decrease in the number of registered broker-dealers we estimate will be engaged in penny stock transactions from 175 to 162.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 09/03/2026

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