Submission for OMB Review; Comment Request; “Tell Us How We're Doing!”, 35426 [E8-14081]
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35426
Federal Register / Vol. 73, No. 121 / Monday, June 23, 2008 / Notices
annual hour burden associated with
Rule 15g–9 is 26,208 hours (18,720
hours to prepare the suitability
statement and agreement + 6,240 hours
for customer review + 1,248
recordkeeping hours).
We recognize that under the
amendments to Rule 15g–9, the burden
hours may be slightly reduced if the
transaction agreement required under
the rule is provided through electronic
means such as e-mail from the customer
to the broker-dealer (e.g., the customer
may take only one minute, instead of
the two minutes estimated above, to
provide the transaction agreement by email rather than regular mail). If each of
the customer respondents estimated
above communicates with his or her
broker-dealer electronically, the total
burden hours on the customers would
be reduced from 10 minutes to 9
minutes per response, or an aggregate
total of 1,404 minutes per respondent
(156 customers × 9 minutes for each
customer). Since there are 240
respondents, the annual customer
respondent burden, if electronic
communications were used by all
customers, would be approximately
336,960 minutes (240 respondents ×
1,404 minutes per each respondent), or
5,616 hours. We do not believe the hour
burden on broker-dealers in obtaining,
reviewing, and processing the suitability
determination would change through
use of electronic communications. In
addition, we do not believe that, based
on information currently available to us,
recordkeeping burdens under Rule 15g–
9 would change where the required
documents were sent or received
through means of electronic
communication. Thus, if all brokerdealer respondents obtain and send the
documents required under the rule
electronically, the aggregate annual hour
burden associated with Rule 15g–9
would be 25,584 hours (18,720 hours to
prepare the suitability statement and
agreement + 5,616 hours for customer
review + 1,248 recordkeeping hours).
We cannot estimate how many brokerdealers and customers will choose to
communicate electronically. If we
assume that 50 percent of respondents
would continue to provide documents
and obtain signatures in tangible form,
and 50 percent would choose to
communicate electronically in
satisfaction of the requirements of Rule
15g–9, the total aggregate hour burden
would be 25,896 burden hours ((26,208
aggregate burden hours for documents
and signatures in tangible form × 0.50 of
the respondents = 13,104 hours) +
(25,584 aggregate burden hours for
electronically signed and transmitted
VerDate Aug<31>2005
01:51 Jun 21, 2008
Jkt 214001
documents × 0.50 of the respondents =
12,792 hours)).
The broker-dealer must keep the
written suitability determination and
customer agreement required by the
Rule for at least three years. Completing
the suitability determination and
obtaining the customer agreement in
writing is mandatory for broker-dealers
who effect transactions in penny stocks
and do not qualify for an exemption, but
does not involve the collection of
confidential information. Please note
that an agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid
control number.
Comments should be directed to (i)
Desk Officer for the Securities and
Exchange Commission, Office of
Information and Regulatory Affairs,
Office of Management and Budget,
Room 10102, New Executive Office
Building, Washington, DC 20503 or by
sending an e-mail to:
Alexander_T._Hunt@omb.eop.gov; and
(ii) R. Corey Booth, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Shirley
Martinson, 6432 General Green Way,
Alexandria, VA 22312 or send an e-mail
to: PRA_Mailbox@sec.gov. Comments
must be submitted within 30 days of
this notice.
Dated: June 16, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–14080 Filed 6–20–08; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request; ‘‘Tell Us How We’re
Doing!’’
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
SEC File No. 270–406; OMB Control No.
3235–0463.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget a
request to approve the collection of
information discussed below.
The title of the questionnaire is ‘‘Tell
Us How We’re Doing!’’
The Commission currently sends the
questionnaire to persons who have used
PO 00000
Frm 00061
Fmt 4703
Sfmt 4703
the services of the Commission’s Office
of Investor Education and Advocacy.
The questionnaire consists mainly of
eight (8) questions concerning the
quality of services provided by OIEA.
Most of the questions can be answered
by checking a box on the questionnaire.
The Commission needs the
information to evaluate the quality of
services provided by OIEA. Supervisory
personnel of OIEA use the information
collected in assessing staff performance
and for determining what improvements
or changes should be made in OIEA
operations for services provided to
investors.
The respondents to the questionnaire
are those investors who request
assistance or information from OIEA.
For 2007, for example, OIEA sent
questionnaires to 2,724 investors, and
received 571 responses, or about 21
percent.
The total reporting burden of the
questionnaire in 2007 was
approximately 142 hours and 45
minutes. This was calculated by
multiplying the total number of
investors who responded to the
questionnaire times how long it is
estimated to take to complete the
questionnaire (571 respondents × 15
minutes = 142 hours and 45 minutes).
Providing the information on the
questionnaire is voluntary and
responses are kept confidential.
Members of the public should be
aware that an agency may not conduct
or sponsor, and a person is not required
to respond to, a collection of
information unless a currently valid
Office of Management and Budget
control number is displayed.
General comments regarding the
above information should be directed to
the following persons: (i) Desk Officer
for the Securities and Exchange
Commission, Office of Information and
Regulatory Affairs, Office of
Management and Budget, Room 10102,
New Executive Office Building,
Washington, DC 20503 or send an
e-mail to:
Alexander_T._Hunt@omb.eop.gov; and
(ii) R. Corey Booth, Director and Chief
Information Officer, Securities and
Exchange Commission, c/o Shirley
Martinson, 6432 General Green Way,
Alexandria, VA 22312, or send an email to PRA_mailbox@sec.gov.
Comments must be submitted to OMB
within 30 days of this notice.
Dated: June 16, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–14081 Filed 6–20–08; 8:45 am]
BILLING CODE 8010–01–P
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23JNN1
]]>Agencies
[Federal Register Volume 73, Number 121 (Monday, June 23, 2008)]
[Notices]
[Page 35426]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-14081]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request; ``Tell Us How We're
Doing!''
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
SEC File No. 270-406; OMB Control No. 3235-0463.
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') has submitted to the Office of Management
and Budget a request to approve the collection of information discussed
below.
The title of the questionnaire is ``Tell Us How We're Doing!''
The Commission currently sends the questionnaire to persons who
have used the services of the Commission's Office of Investor Education
and Advocacy. The questionnaire consists mainly of eight (8) questions
concerning the quality of services provided by OIEA. Most of the
questions can be answered by checking a box on the questionnaire.
The Commission needs the information to evaluate the quality of
services provided by OIEA. Supervisory personnel of OIEA use the
information collected in assessing staff performance and for
determining what improvements or changes should be made in OIEA
operations for services provided to investors.
The respondents to the questionnaire are those investors who
request assistance or information from OIEA. For 2007, for example,
OIEA sent questionnaires to 2,724 investors, and received 571
responses, or about 21 percent.
The total reporting burden of the questionnaire in 2007 was
approximately 142 hours and 45 minutes. This was calculated by
multiplying the total number of investors who responded to the
questionnaire times how long it is estimated to take to complete the
questionnaire (571 respondents x 15 minutes = 142 hours and 45
minutes).
Providing the information on the questionnaire is voluntary and
responses are kept confidential.
Members of the public should be aware that an agency may not
conduct or sponsor, and a person is not required to respond to, a
collection of information unless a currently valid Office of Management
and Budget control number is displayed.
General comments regarding the above information should be directed
to the following persons: (i) Desk Officer for the Securities and
Exchange Commission, Office of Information and Regulatory Affairs,
Office of Management and Budget, Room 10102, New Executive Office
Building, Washington, DC 20503 or send an e-mail to: Alexander_T._
Hunt@omb.eop.gov; and (ii) R. Corey Booth, Director and Chief
Information Officer, Securities and Exchange Commission, c/o Shirley
Martinson, 6432 General Green Way, Alexandria, VA 22312, or send an e-
mail to PRA_mailbox@sec.gov. Comments must be submitted to OMB within
30 days of this notice.
Dated: June 16, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-14081 Filed 6-20-08; 8:45 am]
BILLING CODE 8010-01-P
