Comments on: SEC Fees Set to Quadruple on April 1 http://www.thestockbandit.net/2009/03/16/sec-fees-set-to-quadruple-on-april-1/ Trading blog for day trading, swing trading, and trading psychology Sat, 31 Jul 2010 23:04:36 +0000 http://wordpress.org/?v=2.7 hourly 1 By: TheStockBandit http://www.thestockbandit.net/2009/03/16/sec-fees-set-to-quadruple-on-april-1/comment-page-1/#comment-134926 TheStockBandit Mon, 23 Mar 2009 01:04:08 +0000 http://www.thestockbandit.net/?p=737#comment-134926 Hey Ray, Couldn't tell ya but you're right, this is a real expense that's right around the corner. Thanks for reading & your comment! Jeff Hey Ray,

Couldn’t tell ya but you’re right, this is a real expense that’s right around the corner.
Thanks for reading & your comment!

Jeff

]]> By: Ray Sanchez http://www.thestockbandit.net/2009/03/16/sec-fees-set-to-quadruple-on-april-1/comment-page-1/#comment-134872 Ray Sanchez Fri, 20 Mar 2009 17:56:40 +0000 http://www.thestockbandit.net/?p=737#comment-134872 This is not a good thing for traders at all! Does this have anything to do with Barack Obama? This is not a good thing for traders at all! Does this have anything to do with Barack Obama?

]]> By: TheStockBandit http://www.thestockbandit.net/2009/03/16/sec-fees-set-to-quadruple-on-april-1/comment-page-1/#comment-134688 TheStockBandit Tue, 17 Mar 2009 11:15:00 +0000 http://www.thestockbandit.net/?p=737#comment-134688 Hey Brian, Thanks for your comments! You've raised some excellent points - ones which I hadn't even considered. I'm glad you posted them here, thanks again! Jeff Hey Brian,

Thanks for your comments! You’ve raised some excellent points - ones which I hadn’t even considered. I’m glad you posted them here, thanks again!

Jeff

]]> By: Brian http://www.thestockbandit.net/2009/03/16/sec-fees-set-to-quadruple-on-april-1/comment-page-1/#comment-134645 Brian Mon, 16 Mar 2009 21:30:57 +0000 http://www.thestockbandit.net/?p=737#comment-134645 A hike in the SEC fee at a time when they have failed the US markets so horribly is ridiculous. They have not enforced the rules on the books for years (ie. the naked short rule). They missed Madoff, even when the whistle had been blown years ago. On a more positive note, the fee won't be felt as much this year because if you trade 20,000 shares/day at $40 vs 20,000 shares/day of the same stock last year at $100 it will take you longer to reach one million dollars in volume. As the market recovers this fee will be felt by active traders even more. A hike in the SEC fee at a time when they have failed the US markets so horribly is ridiculous. They have not enforced the rules on the books for years (ie. the naked short rule). They missed Madoff, even when the whistle had been blown years ago.

On a more positive note, the fee won’t be felt as much this year because if you trade 20,000 shares/day at $40 vs 20,000 shares/day of the same stock last year at $100 it will take you longer to reach one million dollars in volume. As the market recovers this fee will be felt by active traders even more.

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