SEC Publishes Securities Transaction Fee Rate Advisory

The SEC announced that starting on April 16, 2019, the fee rates applicable to most securities transactions will be set at $20.70 per million dollars.

SEC Securities Transaction Fee Rate

As a result, the SEC indicates that each self-regulatory organization “will continue to pay the Commission a rate of $13.00 per million for covered sales occurring on charge dates through April 15, 2019, and a rate of $20.70 per million for covered sales occurring on charge dates on or after April 16, 2019. The fee rate for fiscal year 2019 compares similarly to the fee rates in years prior to 2018. As noted in the last advisory, the lower rate in 2018 was in part the result of a substantially higher dollar amount of covered sales.”

A copy of the advisory is available at: https://www.sec.gov/news/press-release/2019-30

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