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What are SEC Section 31 fees and how are they calculated?

April 26, 2017calculated fees sec section

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What are SEC Section 31 fees and how are they calculated?

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The normal calculation for SEC Section 31 fees is .0000127 multiplied by the principal amount on sales. A principal amount of $787 would be subject to a Section 31 fee of $.01. These fees are passed through from Zecco Trading to your accounts as a non-commission fee.