FINRA Increase in TAF Rate for Sales of Covered Equity Securities

On June 8, the SEC approved the increase by FINRA of the Trading Activity Fee (TAF) rate for sales of covered equity securities from $0.000075 per share to $0.000090 per share, with a corresponding increase to the per-transaction cap from $3.75 to $4.50. The new rate will be effective on July 1. FINRA Notice.