Section 31(a) Rate Cut Put on Ice
Traders Magazine, October 2002
The expected Section 31 (a) transaction fee rate cut will not take place at least until mid-November and may be delayed beyond that date depending on funding for the U.S. Securities and Exchange Commission. "The Section 31 fee rate applicable to securities transaction on the exchanges and Nasdaq also will remain at the current rate of $30.10 per million," the SEC announced in a statement reviewing its various regulatory fees as Traders Magazine went to press.
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