In addition, National Starch incurred miscellaneous fees such as accounting, printing, proxy solicitation, and SEC fees in connection with the transaction.
The Court in INDOPCO concluded that investment banker fees, legal fees, proxy costs, and SEC fees incurred by a target corporation in a friendly takeover must be capitalized if the takeover produces significant future benefits.
Background Since the 1930s, the federal government has levied SEC fees on the regulated community, including registration fees authorized by Section 6(b) of the Securities Act of 1933, and transaction fees authorized by Section 31 of the Securities Exchange Act of 1934.
The income collected by the SEC fees did not create any additional funding for the appropriators.
Since the agency was collecting far more in fees than its budget required, opponents argued that increasing SEC fees constituted a tax.
In other words, total SEC fees are projected to raise $12.
NSMIA also modified the SEC fee structure - including extension to NASDAQ trades of the transaction fees imposed by Section 31 of the Securities Exchange Act of 1934.
Action in the 104th Congress In 1995, control of Congress shifted to the Republican Party and the legislative agenda was crowded, leaving unaddressed the SEC fee issue.
3005 without the fee provisions on June 27, 1996, setting up a conference in which the SEC fee issue would have to be resolved.
In addition, all mutual CheckFree and Schwab Institutional clients will now be able to correctly calculate SEC fees
- even if they are not using CheckFree Investment Services' integrated trading system - and then upload these fees electronically to Schwab Institutional for automatic deduction from client accounts.