NASD Raises Corporate Filing Fee
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The NASD Board of Governors has approved an increase in the corporate financing filing fee for all public offerings filed with its Corporate Financing Department effective October 1,1988.
The increase was approved by the NASD Board on September 19 and was approved by the SEC on September 22. The filing fee has not been increased since it was originally imposed in 1970.
The new fee will be $500 plus 0.01 percent of the gross dollar amount of the offering, up to a maximum of $15,500. The current filing fee is $100 plus 0.01 percent of the gross dollar amount of the offering, up to a maximum of $5,100.
Rising costs over the past 18 years necessitated the increase.
Questions about this notice can be directed to Charles Bennett, Assistant Director, NASD Corporate Financing, at (202) 728-8253.