Federal Register #2026-13090

SEC Requests Public Comment on Rule 15g-9 Information Collection Extension

This opportunity involves a request for public comment from the Securities and Exchange Commission (SEC) regarding the extension of an information collection under Rule 15g-9 of the Securities Exchange Act of 1934. - Government Buyer: - Securities and Exchange Commission (SEC) - No OEMs or vendors are mentioned, as this is not a procurement action - Products/Services Requested: - No products or services are being procured - The notice pertains to regulatory compliance for broker-dealers involved in penny stock transactions - Requirements include collecting financial information, investment experience, and objectives from individuals, and delivering written suitability statements - Unique/Notable Requirements: - Applies to approximately 162 broker-dealers - Estimated annual compliance burden is 12,636 hours - The SEC is soliciting public comments on the necessity, accuracy, and burden of the information collection - No purchase quantities, part numbers, or contract value are specified

Description

This notice from the Securities and Exchange Commission (SEC) pertains to the extension of a currently approved information collection related to Rule 15g-9 under the Securities Exchange Act of 1934. The rule requires broker-dealers to obtain and process specific information from persons engaging in penny stock transactions to prevent fraudulent activities. The SEC is soliciting public comments on the necessity, accuracy, and burden of this information collection. The notice includes details on the estimated number of broker-dealers affected and the estimated burden hours for compliance.

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