Federal Register #OMB Control No. 3235-0202

SEC Requests Public Comment on Extension of Rule 15c2-11 Information Collection

This notice from the Securities and Exchange Commission (SEC) concerns the extension of information collection requirements under Rule 15c2-11, not a procurement opportunity. - Government Buyer: - Securities and Exchange Commission (SEC) - No OEMs or vendors are mentioned, as this is not a procurement or contract notice - Subject: Extension of information collection approval for Rule 15c2-11 under the Securities Exchange Act of 1934 - Rule 15c2-11 regulates broker-dealer publication of quotations for securities in quotation mediums other than national securities exchanges - Purpose: To prevent fraudulent or manipulative schemes in the over-the-counter (OTC) securities market - Estimated annual compliance burden: 1,771,343 hours - The SEC is seeking public comment on the proposed extension - No products, part numbers, or services are being requested or procured

Description

This notice pertains to the submission of information collection activities to the Office of Management and Budget (OMB) for review and extension, specifically related to Rule 15c2-11. Rule 15c2-11 governs the publication of quotations for securities in a quotation medium other than a national securities exchange, designed to prevent broker-dealers from publishing or submitting quotations that may facilitate fraudulent or manipulative schemes. The notice indicates the Commission's intent to seek public comment and extend the approval for the collection of information under this regulation. The estimated total annual burden of the information collection requirements prescribed in the Rule is 1,771,343 hours.

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