The Securities and Exchange Commission has announced that the Investors Exchange LLC submitted a proposed rule change to establish new fees for 2025 to cover costs related to the National Market System Plan Governing the Consolidated Audit Trail (CAT). This proposal includes a fee called CAT Fee 2025-1 set at $0.000022 per executed equivalent share, which is expected to be effective for six months and aims to recover half of the budgeted costs for 2025. The public is invited to submit comments on the proposal by January 29, 2025.
Simple Explanation
The Investors Exchange LLC wants to charge a tiny fee, like a tiny penny for every share sold in the market, to help pay for a project that keeps track of all buying and selling. They want people to share their thoughts about this by the end of January 2025.