On February 14, 2023, the Financial Regulatory Authority (FINRA) issued an Information Notice in connection with transaction fees under section 31 of the Exchange Act. Specifically, FINRA is announcing a transaction fee decrease for securities traded on regulated exchanges and on over-the-counter markets as of February 27, 2023. In detail, the new rate is only $8.00 per million dollars in transactions instead of $22.90 per million dollars in transactions as it was before. The decrease does not apply to future contract transactions whose transaction costs „remain unchanged at $0.0042 for each round turn transaction“. Pursuant to its bylaws, FINRA will assess and collect these fees from its members.
Other Features
Derivatives
fees
investment firms
securities trading
trading
Date Published: 2023-02-14
Regulatory Framework: Securities Exchange Act of 1934
Regulatory Type: procedure
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