SEC Tweaks Section 31 Fee Rate Schedule for Sales of Securities

Effective April 1, each of the fee rates under Sections 31(b) and (c) of the 1934 Securities Exchange Act will rise to $22.40 per $1 million of the aggregate dollar amount of sales of securities subject to these sections, the Securities and Exchange Commission announced March 1.

In a fee rate advisory, the commission explained it is required to adjust the Section 31 fee rate “if it estimates that the baseline estimate of the dollar volume of sales of securities that was used to calculate the annual adjusted fee rate for fiscal year 2012 is reasonably likely to be 10 ...