SEC fee

(redirected from SEC Fees)

SEC fee

Small fee the SEC charges to sellers of equity securities on an exchange.

SEC Fee

A nominal fee the SEC levies on equity transactions on an exchange. Created by the Securities Exchange Act of 1934, the fee was 1% of 1/300 of the dollar amount of the transaction until 2007. Since then, the fee is 1% of 1/800 of the dollar amount. The fee is collected by the brokerages involved in a transaction; these brokerages forward the fees to the SEC. The fees help pay for the SEC's operating expenses. It is important to note that debt instruments are not assessed this fee.

SEC fee

The SEC fee levied on sellers of listed equity securities.
References in periodicals archive ?
A DI incurs expenses including listing and SEC fees, legal and accounting fees, marketing fees, and proxy and reporting fees.
Bill Seeks to Reduce SEC Fees, Raise Staff Compensation
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.