SEC fees on stock transctions going up.

seasideheights · Mar 4, 2009

currently $5.60/million

going to $25.70/million.

FCCT · Mar 4, 2009

http://www.sec.gov/news/press/2009/2009-41.htm

risktaker · Mar 4, 2009

I'd think this ought to reduce black box/algo trading substantially, no?

It's a huge increase.

gaj · Mar 4, 2009

to reward a job well done?

i've long been an advocate of more funding for the SEC, but also a cleaning out of their staff, and some rule that you can't jump from the SEC to the companies the SEC investigates / works with without a several year wait.

Red_Ink_inc · Mar 4, 2009

500% lol. They can jack it 2000%, they're still too dumb to catch the Madoffs of this world.

piggie2000 · Mar 4, 2009

actualy $25/$1 mil has been the avg over the past 15 years. i've seen it $45/$1 mil many times over the past 10 years

MohdSalleh · Mar 4, 2009

tt's nothing

Cutten · Mar 4, 2009

Hey, I thought the government was railing against rewarding terrible performance with massive pay rises?

Dustin · Mar 4, 2009

Quote from piggie2000:

i've seen it $45/$1 mil many times over the past 10 years

you sure?
http://traderstatus.com/secfeerates.htm

risktaker · Mar 4, 2009

He's right. According to the page you posted, fees were $46.8 per million in 2003.

Quote from Dustin:

you sure?
http://traderstatus.com/secfeerates.htm