Beginning February 16, 2016, the fee rates applicable to most securities transactions will be set at $21.80 per million dollars. The current Commission rate of $18.40 per million for transactions will continue on charge dates through February 15, 2016, and the new rate of $21.80 per million for transactions occurring on charge dates on or after February 16, 2016 will be applied.
For more information on the term "charge date," please refer to Rule 31(a)(3) and Exchange Act Release No. 49928 http://www.sec.gov/rules/final/34-49928.htm.
How to Calculate:
Multiply the sale/principal amount of the transaction by the fee rate. Truncate at the seventh place after the decimal point. Truncate the resulting figure at the fifth place after the decimal point and round up to the nearest cent (Always round up if there is a remainder).
For more information visit the FINRA web site http://www.sec.gov/divisions/marketreg/mrfreqreq.shtml.
Updates to fees are made on a best efforts basis, however all fees are subject to change without notice. For current information and updates, please refer to the appropriate web site.