Free Site Registration

Why SEC Section 31 Fee Collections Are Piling Up: SEC Super Surplus Is Protected by Congress

Traders Magazine, February 1999

William Hoffman

Traders awaiting relief from what many believe are excessive Section 31 transaction fees will probably have to wait a while longer.

"The problem is that the [federal government's] budget process has just started," said James Spellman, spokesman for the Securities Industry Association. "And no one in their wildest dreams could have imagined that the markets would have this level of volume, even just two years ago."

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?