The SEC fee
study pointed out that about three-quarters of stock fund shareholders own funds with assets of more than $1 billion.
New TABB Group Research Examines How Penny Pricing, SEC Fee
Caps and Shifting Rules and Protocols at Nine US Options Exchanges Impact the Market
Recently enacted SEC fee
disclosure rules will likely accelerate this trend.
While Hewitt has established substantial safeguards to ensure that our consultants provide purely objective advice and counsel, the recent SEC fee
disclosure rules and political environment are pressuring some clients to avoid the issue entirely by moving to completely independent advisors.
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.
For example, in fiscal year 1997, total SEC fee
collections actually grew to 324% of its appropriated authority and 382% of its requested budget.
A DI incurs expenses including listing and SEC fees
, legal and accounting fees, marketing fees, and proxy and reporting fees.
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.
Bill Seeks to Reduce SEC Fees
, Raise Staff Compensation
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.