4 ms·
I suspect this debate was/is largely conducted by uninformed parties. There already is a small fee imposed on every trade due to gov't regulation. https://www.s
by alpos 9y ago
I suspect this debate was/is largely conducted by uninformed parties.
There already is a small fee imposed on every trade due to gov't regulation.
https://www.sec.gov/fast-answers/answerssec31htm.html https://www.sec.gov/fast-answers/answerssec31htm.html
At best, there could be a meaningful debate over increasing the appropriation to the SEC and adding new regulation mandates for them.
The question over whether we should have transaction fees should already be settled by the fact that the SEC is currently funded by such fees.
- jcranberry 9y agoIIRC, the bill he proposed had taxes on the value of trades, such as 1% per stock per trade, .05% (maybe off by OOM) on options, etc.