Alas, even the SEC’s registration filing fees aren’t immune to inflation.  Recently, the SEC announced a nearly 34% increase to its registration fees.  Beginning October 1, 2023 – which is the start of the SEC’s fiscal year – the registration fee rate will increase from $110.20 per million dollars to $147.60 per million dollars. 

Securities laws require the SEC to make annual adjustments to the registration fee rates to levels that the SEC projects will generate fee collections equal to the annual statutory target amounts.  In its announcement, the SEC stated that target fee collections for 2024 were increased over the 2023 target to account for the rate of inflation. Broc confirms this is the largest annual rise in filing fee rates in memory…

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Photo of Ben Dale Ben Dale

Benjamin Dale is an associate in the Corporate & Securities practice at Perkins Coie. He has experience representing issuers and underwriters in domestic and cross-border capital markets transactions including securities offerings, consent solicitations, and redemptions. Ben also advises companies on corporate transactional matters…

Benjamin Dale is an associate in the Corporate & Securities practice at Perkins Coie. He has experience representing issuers and underwriters in domestic and cross-border capital markets transactions including securities offerings, consent solicitations, and redemptions. Ben also advises companies on corporate transactional matters, corporate governance, and securities regulations.

While attending Columbia Law School, Ben was a Harlan Fiske Stone scholar and a member of the Columbia Business and Law Association.

Prior to joining Perkins Coie, Ben was an associate at another law firm. He is also a certified public accountant (CPA) and previously worked as an audit manager at a large accounting firm.

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