Federal Register #OMB Control No. 3235-0101

SEC Seeks Public Comment on Extension of Form 144 Information Collection

This notice from the Securities and Exchange Commission (SEC) seeks public comment on the proposed extension of the Form 144 information collection process. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - No OEMs or vendors are mentioned, as this is not a procurement of products or services - Products/Services Requested: - No products or services are being requested - The notice concerns the regulatory information collection for Form 144, used to report proposed sales of securities under Rule 144 of the Securities Act of 1933 - Estimated annual reporting burden: approximately 11,500 respondents, 2.8 filings per respondent, totaling about 32,276 responses annually - Unique or Notable Requirements: - The SEC invites public comment on the necessity, accuracy, and potential improvements to the Form 144 collection process - No procurement or acquisition activity is involved; this is a regulatory information request

Description

The Securities and Exchange Commission (SEC) has issued a notice proposing an extension of the information collection related to Form 144. This form is used to report the proposed sale of securities pursuant to Rule 144 under the Securities Act of 1933. The notice invites public comments on the collection's necessity, burden, and ways to improve its utility and clarity. The SEC estimates that Form 144 is filed approximately 2.8 times per year by about 11,500 respondents, with an estimated total annual reporting burden of 32,276 hours.

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