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View ICR - OIRA Conclusion

OMB Control No: 3235-0394	ICR Reference No: 201501-3235-009
Status: Historical Active	Previous ICR Reference No: 201202-3235-010
Agency/Subagency: SEC	Agency Tracking No: TM-270-348
Title: Rule 15g-5; Disclosure of Compensation of Associated Persons in Connection with Penny Stock Transactions
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/22/2015
	Date Received in OIRA: 07/01/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2018	36 Months From Approved	10/31/2015
Responses	1,154,725	0	1,090,980
Time Burden (Hours)	19,245	0	18,183
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	1,154,725	1,090,980	63,745
Annual Time Burden (Hours)	19,245	18,183	1,062
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The total annual hourly burden of compliance has increased from approximately 18,183 to approximately 19,245 hours due to a change in methodology for estimating the number of broker-dealers affected. Since the identities of penny stock dealers are not readily available, the staff of the Commission developed a methodology to identify them. The change was made in order to be consistent in methodology among the various penny stock rules. We previously estimated that 209 broker-dealers were subject to the penny stock rules. We now estimate that there are approximately 221 penny stock dealers subject to the penny stock rules.

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