Just got off the phone with a Trade-customer service at Etrade. useless! Trying to find out why I was charged 17 cents for a short sale.
As we've discussed, there is the FINRA trading activity fee (TAF) $0.000119 per share on all sales transactions.
Then there is a separate SEC fee (equal to the principal amount x 0.00002310) ..again, only on sales transactions.
but that STILL doesn't get to 17 cents. and the Transaction confirmation doesn't break down what the fee is. It just says "FEE".
how quaint lol.
He will be calling me tomorrow with an answer and break down on what the fee is based. (because I have to wait until tomorrow until the confirmation is posted......ridiculous.)