When you place a sell order, there are two regulatory fees that are automatically deducted from your order.
These fees are charged by regulatory bodies in the US.
These fees will be outlined in your transaction history, daily trade confirmations, and monthly statements.
The Securities and Exchange Commission (SEC) fee
The SEC fee is charged when you sell a US security.
The SEC is an independent agency of the US federal government responsible for protecting investors and maintaining fair and orderly markets.
The Trading Activity Fee (TAF)
The TAF fee is charged when you sell a US security.
The TAF fee is charged by the Financial Industry Regulatory Authority (FINRA), a government-authorised not-for-profit organisation that oversees US-registered broker-dealers.