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.
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.
...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.