SEC Fees Again

Discussion in 'Trading' started by sdtrader, Dec 4, 2002.

  1. I know this formula has been given out so many times. But can someone post it again.
    The basic formula for how SEC fees are calculated?
    Thanks in advance.
     
  2. It's $30 per million dollars of stock sold. It's based on the dollar amount, not the volume, and only calculated on sales. That's .00003 or 3/100ths of one percent.
     
  3. Thanks.
     
  4. ...and if I'm not mistaken, the SEC only needs under 25% of this fee revenue.

    The massive surplus of fee revenue is just absorbed by the government, which refuses to lower SEC fees.