Section 31 Fees

C calculation and billing of section 31 fees.

Section 31 fees. In the waning days of the current session of congress solomon engaged house commerce committee chairman thomas bliley r va in dialogue about the fees on the house floor. Overview of sec fees under section 31 of the securities exchange act of 1934 u s. Backed by the trading community house rules committee chairman gerald solomon r n y is lining up support for his bill on section 31 transaction fees.

Robert menendez d n j. National securities exchanges are obligated to pay transaction fees to the sec based on the volume of securities that are sold on their markets. Section 31 fees basic information for firms section 31 of the securities exchange act of 1934.

1 the amount due from a covered sro for a billing period as reflected in its section 31 bill shall be the sum of the monthly amounts due for each month in the billing period. Section 31 was an organization which claimed to protect the security interests of united earth and later the united federation of planets during the mid 23rd century they were considered a critical division of starfleet intelligence while by the 24th century they were believed to be a rogue organization not considered part of the federation dis. Section 31 fee a fee the sec charges to register and trade securities.

The sec fee is defined as section 31 of the securities exchange act of 1934 and is thus often referred to as the section 31 transaction fee. The charges on most securities transactions are known as section 31 fees but the charges imposed by section 31 on transactions in security futures are termed assessments as of fiscal year 2013 the assessment charged is 0 0042 for each round turn transaction i e one purchase and one sale of a contract of sale for future delivery. 4213 co sponsored by rep.

2 the monthly amount due from a covered sro shall equal. Section 31 fee a fee the sec charges to register and trade securities. Section 31 of the securities exchange act of 1934 exchange act requires each sro to pay the commission twice annually a fee based on the aggregate dollar amount of certain sales of securities covered sales.

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. 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.