How to Calculate an SEC Fee
The SEC fee is from the Securities Exchange Act of 1934 Section 31. The statute provides that self-regulatory organizations and national securities exchanges pay a transaction fee. This fee goes to covering costs of protecting the investor that the government requires. The brokerages pay this fee to the Securities and Exchange Commission.
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Instructions
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Determine the number of purchases and sales of a contract. For example, a brokerage has 100 trades.
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Determine the fee. As of 2007, the SEC charged a $0.0042 per round-term transaction, which are just one person buys and another sells a security. The SEC updates this information if there are any changes to the rate.
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Multiply the rate by the number of transactions. In our example, 100 times $0.0042 equals $0.42.
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References
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