[Federal Register Volume 74, Number 76 (Wednesday, April 22, 2009)]
[Notices]
[Pages 18409-18410]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-9162]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; 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'') has submitted to the Office of Management 
and Budget a request for extension of the existing collection of 
information provided for in the following rule: Rule 15g-5--Disclosure 
of compensation of associated persons in connection with penny stock 
transactions (17 CFR 240.15g-5) under the Securities

[[Page 18410]]

Exchange Act of 1934 (15 U.S.C. 78a et seq.).
    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.
    Rule 15g-5 contains record retention requirements. Compliance with 
the rule is mandatory. 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 control number.
    Comments should be directed to: (i) Desk Officer for the Securities 
and Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503 or by sending an e-mail to: [email protected]; and (ii) Charles Boucher, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o Shirley Martinson, 
6432 General Green Way, Alexandria, VA 22312 or send an e-mail to [email protected]. Comments must be submitted within 30 days of this 
notice.

    April 15, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-9162 Filed 4-21-09; 8:45 am]
BILLING CODE 8010-01-P