The Securities and Exchange Commission is to sharply cut the fees charged to public companies and other issuers for securities transactions and registrations.
“The investors who bear the burden of these SEC fees deserve this relief,” says Christopher Cox, the Chairman of the SEC. “It will mean that more of their hard earned savings will be available for important needs such as education, health care, and retirement, and less will be diverted to Washington.”
The SEC sets registration and transaction fees according to the Investor and Capital Markets Fee Relief Act. The fee cuts that will go into effect are significant: fees to register securities with the Commission will be reduced by 71.3 percent, and fees on securities transactions will be reduced by 50.2 percent.