The Latest on Section 31(a)
Traders Magazine, January 2003
Now it will be sometime in the next two months when the Section 31(a) fee is expected to be cut, according to SEC and securities industry officials. "It should happen by March," said a spokesman for the Securities Industry Association. That's when lawmakers will finally have straightened out the SEC's budget - they still hadn't passed a budget for the agency by the end of last year - and when SEC officials will then be able to figure out how much the tax can be cut.
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