SEC Fee Going Way Up
- Thread starter jeb9999
- Start date
Yeah no it's not , that's paltry
The fee is specified so that it automatically goes up with inflation. The change you are referencing is above and beyond the rate of inflation.
5.10 was a covid crash trillions of shares traded lowered fee becasue sec was raking in too much
money. so back to the usual 22.
aint got shit to do with inflation
money. so back to the usual 22.
aint got shit to do with inflation
Just read the fee structure. It is specified as a percentage of a dollar amount. That will automatically adjust with inflation since it is in dollar terms. It's just how the math works out. lol.
SEC press releases, IN ORDER...
https://www.sec.gov/news/press-release/2021-8
https://www.sec.gov/news/press-release/2022-60
The increase is .80 cents.
https://www.sec.gov/news/press-release/2021-8
https://www.sec.gov/news/press-release/2022-60
The increase is .80 cents.
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THANKS + bless you for wading thru more than May SEC gov notes !!LOL
{EDIT, wow they admitted to making so much money in2019 + rightly did a blame game on the virus.}
I USE to think that little fee was to favor long term trend followers[payable on exit];
but sounds like they need some more money with more trades in May anyway...............
THANKS + bless you for wading thru more than May SEC gov notes !!LOL
No wading for me! LOL!! Still, you're welcome!
3 seconds to type in and hit search... "SEC transaction fee"
Another minute or so to click to read the first few results and Voila!!
YMMV depending on the search engine of your choice. I use startpage, not google, near never.
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BEieVE it or not i did that\ but only read ''MAY''
I use duck duck go mo, i mean more ..................... I also saVe some KO cans that has SEC printed on them [maybe a southern football code word but i cant read minds; so it means SEC [Security Exchange ,,,,] to me