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Wall St regulatory fees

When you sell shares on U.S. markets, a couple of regulatory fees apply in addition to your regular brokerage fee. These charges are set by U.S. market regulators and apply to all traders – not just Stake customers. These fees are automatically applied to sell orders and will appear on your trade confirmations and in your Tax & Documents section on Stake.

What is the SEC fee?

Charged by the U.S. Securities and Exchange Commission (SEC) to help fund the regulation of equity markets. However it is set on US$0.00 at this current time.

  • Rate: US$0.00 per US$1,000,000 sold

What is the Trading Activity Fee (TAF)?

Charged by FINRA to support the operation and oversight of U.S. markets.

  • Rate: US$0.0000119 per share sold

  • Maximum charge: US$5.95

  • Minimum charge: US$0.01

What is the ADR Fee?

These are periodic fees intended to compensate the agent bank that is providing custodial services on behalf of the ADR.

  • Rate: $0.01 - $0.03 per share per quarter


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