[Federal Register Volume 62, Number 15 (Thursday, January 23, 1997)]
[Notices]
[Pages 3540-3541]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-1561]


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SECURITIES AND EXCHANGE COMMISSION


Request for Public Comment; Upon Written Request, Copies 
Available From: Securities and Exchange Commission, Office of Filings 
and Information Services, Washington, DC 20549

Extension:                                                                                                      
    Rule 15g-3..................  SEC File No. 270-346............  OMB Control No. 3235-0392                   
    Rule 15g-4..................  SEC File No. 270-347............  OMB Control No. 3235-0393                   
    Rule 15g-5..................  SEC File No. 270-348............  OMB Control No. 3235-0394                   
    Rule 15g-6..................  SEC File No. 270-349............  OMB Control No. 3235-0395                   
    Rule 15g-7(a)...............  SEC File No. 270-350............  OMB Control No. 3235-0396                   
    Rule 17Ac2-1 and Form TA-1..  SEC File No. 270-95.............  OMB Control No. 3235-0084                   
                                                                                                                

    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 (``Commission'') is publishing the following summaries of 
collections for public comment.
    Rule 15g-3 requires that brokers and dealers disclose to customers 
current quotation prices or similar market information in connection 
with

[[Page 3541]]

transactions in certain low-priced, over-the-counter securities. It is 
estimated that approximately 270 respondents incur an average burden of 
100 hours annually to comply with the rule.
    Rules 15g-4 requires brokers and dealers effecting transactions in 
penny stocks for or with customers to disclose the amount of 
compensation received by the broker-dealer in connection with the 
transaction. It is estimated that approximately 270 respondents incur 
an average of 100 hours annually to comply with the rule.
    Rule 15g-5 requires brokers and dealers to disclose to customers 
the amount of compensation to be received by their sales agents in 
connection with penny stock transactions. It is estimated that 
approximately 270 respondents incur an average burden of 100 hours 
annually to comply with the rule.
    Rule 15g-6 requires brokers and dealers that sell penny stocks to 
their customers to provide monthly account statements containing 
information with regard to the penny stocks held in customer accounts. 
It is estimated that approximately 270 respondents incur an average 
burden of 90 hours annually to comply with the rule.
    Rule 15g-7(a) would require brokers and dealers that effect 
transactions in penny stocks and are the only market makers with 
respect to such securities to disclose this fact in connection with 
such transactions. It is estimated that approximately 270 respondents 
would incur an average burden of 50 hours annually to comply with the 
rule.
    Rule 17Ac2-1 and Form TA-1 is used by transfer agents to register 
with the Commission, the Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System, or the Federal Deposit 
Insurance Corporation, and to amend their registration.
    It is estimated that approximately 359 respondents will incur an 
average burden of 538.5 hours annually to comply with the rule and 
form.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the proposed collection of information; (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 
collection techniques or other forms of information technology. 
Consideration will be given to comments and suggestions submitted in 
writing within 60 days of this publication.
    Direct your written comments to Michael E. Bartell, Associate 
Executive Director, Office of Information Technology, Securities and 
Exchange Commission, 450 5th Street, N.W. Washington, DC 20549.

    Dated: January 14, 1997.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-1561 Filed 1-22-97; 8:45 am]
BILLING CODE 8010-01-M