The Financial Industry Regulatory Authority has released an Information Notice describing the upcoming mid-year increase to the fee rates paid under Section 31 of the Securities Exchange Act of 1934. Effective April 1, the Section 31 fee rate on the aggregate dollar amount of sales in specified securities transactions on the exchanges and in the over-the-counter markets will increase from $12.70 per $1 million to $16.90 per $1 million. Fee rates for fiscal year 2011 will be announced no later than April 30 and will become effective October 1, or 30 days after the Securities and Exchange Commission’s fiscal year 2011 appropriation is enacted, whichever is later.

Click here to read the FINRA Information Notice.