There have been a few threads on this in the past, and each time it's mentioned that these fees were jacked up a while back, but that they were supposed to come back down. The current rate is .000031 times the amount on any sales of stock you make ($31 per million) I did some searching and this is what I found: In March 2001, there was the Competitive Market Supervision Act, which was passed in the senate. It was supposed to reduce the fee to $15/million on sales. http://www.sia.com/press/html/pr_sec_fees.html Then there was the Investor and Capital Markets Fee Relief Act, which was signed by the president in January 2002. It was also supposed to reduce the fee to $15/million and be retroactive to December 28, 2001. http://www.sec.gov/news/headlines/feerate8.htm The Securities Industry Asscociation has a page of support for this bill, but nothing new on it since it was passed. http://www.sia.com/Section_31/html/sia_resources.html So what I want to know is, why the hell am I still paying $31 per million on all my sell transactions? I've paid over $5,000 in SEC fees this year and I'm not a big volume trader. And if there was or is supposed to be a retroactive rebate, I want to make sure it flows to me, the guy who paid the fees, and is not kept by my firm or clearing firm as a profit. Can anyone shed some light on this?
Got a rebate December 2001. Don't know about this Dec? Now cut all the dividends tax + privatize social security like Chile.
That is a great question lescor. Why don't you ask Jeff or Rob, I am sure they might be able to shed some light on this. If you get the answer, please feel free to let us know. Off the top of my head, I think I have paid over 25,000 in SEC fees this year, sure would be nice to get half that back!