The SEC and FINRA trading activity fee (TAF) are fees charged on the sale of any stock.
These fees are automatically deducted from the profits of any stock sale and only occur on the sale of stocks.
- SEC Fee = total price of transaction * $5.10 / 1,000,000 ¹
- TAF = "$0.000119 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.
To learn more about SEC and TAFs, check out the links below.