Fee Rate Advisory #2 for Fiscal Year 2021 – #stocks chatter

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Fee Rate Advisory #2 for Fiscal Year 2021

The Securities and Exchange Commission today announced that starting on February 25, 2021, the fee rates applicable to most securities transactions will be set at $5.10 per million dollars.
Consequently, each SRO will continue to pay the Commission a rate of $22.10 per million for covered sales occurring on charge dates through February 24, 2021, and a rate of $5.10 per million for covered sales occurring on charge dates on or after February 25, 2021.
The reduction in the fee rate for fiscal year 2021 is due primarily to the substantially higher dollar amount of covered sales in recent months, a trend that began in March of 2020 due to record market volume during the COVID-19 pandemic, which has resulted in the Commission already assessing a substantial proportion of its target collection amount for fiscal year 2021.
https://www.reddit.com/r/StockMarket/comments/lsn7rf/fee_rate_advisory_2_for_fiscal_year_2021/

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