Section 31 fee

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Section 31 Fee

A fee the SEC charges to register and trade securities. Each transaction of a registered security incurs a small Section 31 fee, which is a tiny portion of 1% of the value of the transaction. While the fee is technically levied on FINRA and other self-regulatory organizations, they pass it on to individual investors.

Section 31 fee

A Securities and Exchange Commission fee on the registration and trading of securities. The fee was first levied in the 1930s to finance the government's cost of regulating the securities markets. In early 2001 the fee amounted to 1/300 of 1% of the principal amount of a stock sale.
References in periodicals archive ?
3 Transaction-based expenses include Section 31 fees, liquidity payments and routing & clearing fees.
However, net revenues (defined as gross revenues less direct transaction costs consisting of Section 31 fees, liquidity payments and routing and clearing fees) were $661 million, inching up 1.
Total revenues, less transaction-based expenses, which include Section 31 fees, liquidity payments and routing and clearing fees (net revenue), were $601 million in the first quarter of 2012, down $78 million, or 11% compared to the first quarter of 2011 and included a $9 million negative impact from foreign currency fluctuations.
Total revenues, less transaction-based expenses, which include Section 31 fees, liquidity payments and routing and clearing fees (net revenue), was $679 million in the first quarter of 2011, up $34 million, or 5% compared to the first quarter of 2010 and was up 11% compared to the fourth quarter of 2010.
3 Includes transaction-based expenses comprised of section 31 fees, liquidity payments and routing & clearing fees.
Net revenues, defined as gross revenues less direct transaction costs consisting of Section 31 fees, liquidity payments and routing and clearing fees, were $640 million in the fourth quarter of 2009, down 6% compared to $683 million in the fourth quarter of 2008, but up 3% compared to $624 million in the third quarter of 2009.
Net revenues, defined as gross revenues less direct transaction costs consisting of Section 31 fees, liquidity payments and routing and clearing fees, were $624 million, down 14% compared to $724 million in the third quarter of 2008, but up 2% compared to the $611 million in the second quarter of 2009.
Pro forma non-GAAP results exclude activity assessment and Section 31 fees, merger expenses and exit costs, as well as favorable discrete tax credits.
Pro forma non-GAAP results exclude activity assessment and Section 31 fees, merger expenses and exit costs, impairment charges, gains on sale of businesses and equity investments and other non-recurring items.
Fixed operating expenses (defined as operating expenses, net of Section 31 fees, merger expenses, exit costs, liquidity payments, routing and clearing fees, and excluding regulatory fine income) decreased $19 million, or 4%, compared to the quarter ended June 30, 2007.
31, 2007 increased $689 million, or 21%, while fixed operating expenses (defined as operating expenses, net of Section 31 fees, merger expenses, exit costs, liquidity payments, routing and clearing fees, and excluding regulatory fine income) decreased $135 million, or 7%, compared to the year ended Dec.
At constant USD/Euro exchange rates, neutralizing the impact of acquisitions and dispositions of businesses and equity investments for the period, and on a non-GAAP basis, NYSE Euronext's revenues, net of activity assessment fees, for the three months ended September 30, 2007 increased 34%, while fixed operating expenses (defined as operating expenses, net of Section 31 fees, merger expenses, exit costs, liquidity payments, routing and clearing fees) decreased 8% compared to the three months ended September 30, 2006.