SEC Solicits Comments on the Collection of Information Regarding Penny Stock Transactions (Fed. Reg.)

The SEC requested comments on the existing requirements for the collection of information provided for in Exchange Act Rule 15g-5 regarding the disclosure of compensation to associated persons in penny stock transactions.

The SEC is requesting comments on:

• whether the proposed collection of information requirements are necessary for the proper performance of the functions of the agency, including whether the information will have practical utility;
• the accuracy of the agency's estimate of the burden of the collection of information;
• ways to enhance the quality, utility and clarity of the information collected; and
• ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology.

See: 80 FR 13053.