SEC Fees lowered by over 50 %

[BankerBlueChips]

In addition, thirty days after the date of enactment of the Commission's regular appropriation, the Section 31 fee rate applicable to securities transactions on the exchanges and in the over-the-counter markets will decrease to $15.30 per million from the current rate of $30.70 per million. On that same date, the assessment on security futures transactions under Section 31(d) will decrease to $0.0042 for each round turn transaction from the current rate of $0.009 for each such transaction.

Have to wait until Nov. at the earliest though but it looks like my XMAS present came early this year.....

http://www.sec.gov/news/press/2006/2006-168.htm

Banker

 

[brandon12]

so when will the $15.20 go in affect and how long will it stay at $15.20?

 

[mschey]

Just a thought, these crooked companies, firms, specialists, should have to pay for policing....why does the public pay for it?

 

[BankerBlueChips]

Quote from mschey:

Just a thought, these crooked companies, firms, specialists, should have to pay for policing....why does the public pay for it?

No earlier than Nov 17th .. maybe as late as January. Usually for 1 year give or take a month or two on either side.

Banker

 

[shneed]

Has anyone been charged the new SEC fee yet, or is it still the old fee?

thanks
shneed

 

[BankerBlueChips]

http://sec.gov/news/press/2006/2006-194.htm