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View ICR - OIRA Conclusion

OMB Control No: 3235-0393	ICR Reference No: 202106-3235-011
Status: Historical Active	Previous ICR Reference No: 201803-3235-013
Agency/Subagency: SEC	Agency Tracking No: TM-270-347
Title: Rule 15g-4; Disclosure of compensation to brokers or dealers
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: 01/13/2022
	Date Received in OIRA: 09/16/2021
Terms of Clearance: Future submissions should provide more explanation of what the changes in methodology are that result in alternations to estimated responses and burden.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2025	36 Months From Approved	02/28/2022
Responses	930,050	0	1,018,875
Time Burden (Hours)	15,501	0	16,964
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	930,050	1,018,875	-88,825
Annual Time Burden (Hours)	15,501	16,964	-1,463
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 hour burden has decreased from approximately 16,964 hours to approximately 15,501 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 195 broker-dealers were subject to the penny stock rules. We now estimate that there are approximately 178 broker-dealers subject to the penny stock rules.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Jane Wetterau 202 551-4483

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