So the SEC fee basically tripled today?

[Moreagr]

it was over $40 per million a few years ago

 

[matgallis]

rofl, more taxes to fund an organization who historically SUCKS at what they do?

 

[Madhatter]

Quote from Moreagr:

it was over $40 per million a few years ago

So? I was making a ton more money a few years ago too. The last thing I need right now is my profit going to the freakn worthless SEC.

 

[T-Bone Trader]

Couldn't agree more - SEC dimwitted crooks!!!!!!!!

 

[IronFist]

Does this apply to futures or just stocks?

 

[jumper]

Quote from IronFist:

Does this apply to futures or just stocks?

Just stocks.

 

[Anaconda]

SEC has been doing this for as long as I remember, this is a standard operation.

Every year or so they enact a rule to screw the daytrader/scalper. And then they raise fees.

On occasion they lower the fees by a minute amount and make a huge fuss about it.

It's very clear that one of their agendas is to attack the independent trader.

 

[athomson]

I haven't seen anything from the discount brokers saying they are raising their fees. How are they not being affected?

 

[jeb9999]

Quote from athomson:

I haven't seen anything from the discount brokers saying they are raising their fees. How are they not being affected?

For the flat fee per trade discounters the payments for order flow dwarf the SEC fee.

 

[jeb9999]

Quote from IronFist:

Does this apply to futures or just stocks?

SEC fee is only for stocks.

Futures traders pay $0.01 per side to the NFA.