Please see M1's fee page to learn more about fees.
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 * 23.10 / 1,000,000
- TAF = shares sold * 0.0001119 with a maximum of $5.95
Fees are rounded up to the nearest penny.