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.
Trading Activity Fee
SEC Approves FINRA Amendments for ABS Reporting and Fee Rules
On May 10, the SEC approved proposed amendments to FINRA transaction reporting and notification requirements under FINRA Rule 6730 as well as to reporting fees under FINRA Rule 7730, relating to ABS and the method of calculating the Trading Activity Fee for such securities. These requirements will become effective on May 16. FINRA Notice.