SEC Issues Second Fee Rate Advisory for Fiscal Year 2024

The Securities and Exchange Commission today announced that, starting on May 22, 2024, the fee rates applicable to most securities transactions will be set at $27.80 per million dollars. Consequently, each self-regulatory organization will continue to pay the Commission a rate of $8 per million for covered sales occurring on charge dates through May 21, 2024, and a rate of $27.80 per million for covered sales occurring on charge dates on or after May 22, 2024. Pursuant to 15 U.S.C. § 78ee, the SEC sets fiscal-year fee rates after the agency receives its full-year appropriation. Until the new rate becomes effective, the existing rate stays in place.