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SEC Fees and TAF Fees

The SEC and FINRA Trading Activity Fee (TAF) are regulatory fees charged on the sale of any security. These fees are automatically debited from the proceeds of any security sale. These minor fees only occur on the sale of a security and is equal to:

  • SEC Fee = total price of transaction * $20.70 / 1,000,000 ¹
  • TAF = "$0.0001119 per share for each sale of a covered equity security with a maximum of $5.95 per trade." ²

Fees are rounded up to the nearest penny.



1. SEC Press Release

2. FINRA Trading Activity Fees Page

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