Sec Fees

AutomatedTRader · Apr 3, 2003

HOW DO we calculate the NEW SEC FEE????

Ebo · Apr 3, 2003

The SEC mid-year fee rate adjustment from $.0000252 to $.0000468 of the total dollar amount of securities sold becomes effective on April 1, 2003.

I Missed Boat · Apr 3, 2003

and yes these fucking assholes DON'T EVEN DO ANYTHING! It was Spitzer that took action when the SEC only made excuses for these companies or went after some with half ass investigations. And yet, at a time when the gov't needs to encourage more investment, they are raising taxes to feed a bureaucracy that doesn't even do a damn thing!

AutomatedTRader · Apr 3, 2003

HOW exactly do we calculate it? is it the number of shares traded times something or is short shares or what

howardy2k · Apr 3, 2003

sales proceed X $.0000468

DocSwift · Apr 3, 2003

"If you take a walk I Tax Yo Feets"

Man, this is brutal.

Another friendly reminder that we live in a Democracy.

Atleast they could use some lubricant.

Be the first in your neighborhood to purchase a brand new tube
of "Uncle Sam Anal Lube" only $9.95, tube is extra.

Cia

DS

tmb · Apr 4, 2003

I remember reading articles months ago that said that the fees being collected then were much more than the SEC budget and that the surplus was being diverted elsewhere.

lescor · Apr 4, 2003

The surplus goes into the government's general revenue fund. And they don't make a secret of the fact that the SEC only uses a fraction of the money, it's just a straight out hidden tax. Read some older threads on the subject and you'll see that the fees were supposed to be cut in half last year, instead they increased them 50%.

hii a_ooiioo_a · Apr 4, 2003

Trade Futures and say "Screw you, S.E.C.!"

limitdown · Apr 4, 2003

Quote from I Missed Boat:

and yes these fucking assholes DON'T EVEN DO ANYTHING! It was Spitzer that took action when the SEC only made excuses for these companies or went after some with half ass investigations. And yet, at a time when the gov't needs to encourage more investment, they are raising taxes to feed a bureaucracy that doesn't even do a damn thing!

whatever it is that they do do, is almost imperceptible to the traders...

its almost possible to structure an entity which can totally defraud its prop traders of their monies and have virtually no one prosecute them...

in one case, those lousy ba***'s openend up under another name, and just kept doing the same thing... as if no one noticed...