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 ?

DOL, SEC Fee Scrutiny Sparks Shift to Passive Investing

Has Fiduciary Rule Sparked Price War Among ETF Providers?

New TABB Group Research Examines How Penny Pricing, SEC Fee Caps and Shifting Rules and Protocols at Nine US Options Exchanges Impact the Market

US Options Markets Suffer as Exchanges Battle for Order Flow

See these related stories on ThinkAdvisor: DOL, SEC Fee Scrutiny Sparks Shift to Passive Investing Justice Dept.

Broker-Dealers Embrace DOL's Best Interest Contract Exemption

Recently enacted SEC fee disclosure rules will likely accelerate this trend.

Meridian Compensation Partners, LLC, Launches One of Largest Independent Executive Compensation Consulting Firms in the Nation

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.

Hewitt Associates Announces Partial Spin-Off of Its Executive Compensation Consulting Business in North America

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.

STA's Korins Calls for Reduction in Section 31 Fees; Says Collections Will Swell to Six Times SEC Budget

For example, in fiscal year 1997, total SEC fee collections actually grew to 324% of its appropriated authority and 382% of its requested budget.

Traders Group Endorses Solomon/Menendez Legislation to Cap Transaction Fee Collections

A DI incurs expenses including listing and SEC fees, legal and accounting fees, marketing fees, and proxy and reporting fees.

American depositary receipts are U.S.-source income subject to withholding

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.