Adjustment in Securities Transactions Fees

The US Securities and Exchange Commission (SEC) has announced that the fee applicable for sell orders will be adjusted from 0.00051% to 0.00229% on most securities transactions. This takes effect on 14 May 2022. 

Phillip Nova will amend the SEC fees on our US stock and ETF offerings accordingly. All sales of US stocks and ETFs on or after 16 May 2022, will have the adjusted SEC fee applied.

Please refer to SEC’s fee rate advisory here.