[Federal Register Volume 74, Number 33 (Friday, February 20, 2009)]
[Notices]
[Page 7940]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-3579]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Rule 15g-5; OMB Control No. 3235-0394; SEC File No. 270-348.

    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 soliciting comments on the existing 
collection of information provided for in the following rule: Rule 
15g-5--Disclosure of compensation to associated persons in 
connection with penny stock transactions (17 CFR 240.15g-5) under 
the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). The 
Commission plans to submit this existing collection of information 
to the Office of Management and Budget (``OMB'') for extension and 
approval.
    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. The purpose of the rule is 
to increase the level of disclosure to investors concerning penny 
stocks generally and specific penny stock transactions.
    The Commission estimates that approximately 240 broker-dealers 
will spend an average of 100 hours annually to comply with the rule. 
Thus, the total compliance burden is approximately 24,000 burden-
hours per year.
    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 will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information 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.
    Comments should be directed to: Charles Boucher, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Shirley 
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or 
send an e-mail to: [email protected]. Comments must be submitted 
within 60 days of this notice.*COM019*

    Dated: February 13, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-3579 Filed 2-19-09; 8:45 am]
BILLING CODE 8011-01-P