Federal Register #OMB Control No. 3235-0762

SEC Request for Public Comment on Extension of Rule 151-1 Information Collection

This notice from the Securities and Exchange Commission (SEC) concerns a regulatory information collection, not a procurement opportunity. - Government Buyer: - Securities and Exchange Commission (SEC) - Purpose: - Request for public comment on the extension of Rule 151-1 information collection - Rule 151-1 sets conduct standards for broker-dealers making recommendations to retail customers - Focuses on improving disclosure, recommendation quality, and mitigating conflicts of interest - Products/Services: - No products, OEMs, vendors, part numbers, or purchase quantities are specified - Unique/Notable Requirements: - Regulatory compliance and information collection only; not a solicitation for goods or services

Description

This notice pertains to the submission for OMB review of the extension of Rule 151-1 related to agency information collection activities. The rule establishes a standard of conduct for broker-dealers when making recommendations to retail customers, requiring them to act in the best interest of the customer. The SEC is seeking public comments on this extension. The information collection aims to improve disclosure, enhance recommendation quality, and mitigate conflicts of interest associated with broker-dealer recommendations.

View original listing