SEC fee

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
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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.
3005 without the fee provisions on June 27, 1996, setting up a conference in which the SEC fee issue would have to be resolved.
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.