Regulatory Notice 12-06
SEC Approves Increase in the TAF Rate for Sales of Covered Equity Securities
Effective Date: March 1, 2012
Effective March 1, 2012, the Trading Activity Fee (TAF) rate for sales of covered equity securities will increase from $0.000090 per share for each sale of a covered equity security to $0.000095 per share, with a corresponding increase to the per-transaction cap for covered equity securities from $4.50 to $4.75. The new rate applies to any sale of a covered equity security subject to the TAF occurring on or after March 1, 2012.
The text of the new rule is available in the online FINRA Manual.
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