1. FINRA levies a Trading Activity Fee (TAF) for sales of covered securities that we pass through to you. The FINRA TAF for sales of equity securities is currently $0.000119 per share with a per-transaction cap of $5.95. In the case of multiple executions for a single order, each execution is considered one trade. For example, if you sell 1,000 equity securities the fee would be the number of shares 1,000 multiplied by $0.000119 which equals $0.119. The FINRA TAF for option sales is currently $0.002 per contract. For example, if you sell 100 options contracts, the fee would be the number of contracts 100 multiplied by $0.002, which equals $0.20. The FINRA TAF for a covered TRACE-eligible security (other than an asset-backed security) and/or municipal security is $0.00075 multiplied by the number of bonds, with a maximum charge of $0.75 per trade. For example, if you sell 100 bonds, then the fee would be $0.075. Please note FINRA TAF Fees are subject to change. I did not know about this, it's a huge additional charge.
All government, including regulatory agencies, seek to TAX THE CRAP out of everything they can get away with. Nothing you can do but try to make enough profit to accommodate their taxes/fees. (5 years ago or so I got a traffic ticket. The "fine for the violation" was $35, but the "total, including court costs and add-on fees, => $200". I got a printed recipt with each "fee" listed separately. Just another "tax donkey".)
Thank you. I hope with this charge they will do something to assist - our, traders, rights - it is not in NYSE interests, as they said and directed us to FINRA. Let's see what will be. Here is my thread about https://www.elitetrader.com/et/thre...-case-has-been-closed-what-to-do-next.321707/
TAF fee has been around for several years... it was approved and became effective in 2012. https://www.sec.gov/rules/sro/finra/2012/34-67242.pdf