SEC fee increasing from $8.00 to $27.80 / million on MAY 22

SEC fee increasing from $8.00 to $27.80 / million on MAY 22

This is insane and extreme, and will cost alot of money to those who generate alot of volume.

https://www.sec.gov/news/press-release/2024-47#:~:text=The assessment on security futures,Securities Exchange Act of 1934.

 

inflation

 

That will hurt me. I'm grinding out smallish returns doing intraday market neutral stuff, lots of portfolio turnover.

Every year it's something else. They certainly don't make it easy to earn an honest living.

 

This isn't an inflationary price rise, it's price gouging. You will see a noticeable reduction in liquidity after this goes into effect. And liquidity decline has a domino effect.

 

I'm sure the ones trading that kind of volume can easily afford the 27 bucks per million since they print free money with their algorithmic skills of knowing exactly how to make money on 98% of their trades using that technique known as frontrunning....

 

%%
I read that, if it happens AUG, that's a lot % wise.
SEC could save some money with excluding stupid climate change requirements, but they are in court for that, so may work out well.
May, or may not have to be more selective;
but I've noticed different pattern$ even with current fees.
But dont want to public mention that.

 

It is more like greed.

 

no, when compared to other jurisdictions, us of a is the lowest cost to execute trades.

 

That is one reason it is the premier trading venue in the world. That is one reason public participation is higher than most other places. That is one reason liquidity reign supreme as compared to Europe.

Note the number of publicly traded companies has declined over the years.

 

everyone knows the SEC is nothing but a money extortion racket. as far as all this climate change and crap like that, they have to keep creating useless rules so more and more people and institutions will fall victim to the SEC rule based money extortion machine.

Just ponder this. Before the SEC most traders failed. Has that percentage changed in the many decades the SEC has been around? The SEC and FINRA are less than worthless. Their rules and regulations beyond the anti fraud provisions and less than worthless. If you think they are protecting you then you need to just take your money to a casino and bet on the pass line or on even odd or red or black.