{"id":18346,"date":"2024-04-18T03:00:46","date_gmt":"2024-04-18T03:00:46","guid":{"rendered":"https:\/\/energybuzz.ph\/staging\/6915\/no-more-minimum-commission-for-stockbrokers-sec\/"},"modified":"2024-04-18T03:00:46","modified_gmt":"2024-04-18T03:00:46","slug":"no-more-minimum-commission-for-stockbrokers-sec","status":"publish","type":"post","link":"https:\/\/energybuzz.ph\/staging\/6915\/no-more-minimum-commission-for-stockbrokers-sec\/","title":{"rendered":"No more minimum commission for stockbrokers \u2014 SEC"},"content":{"rendered":"
\n

THE Securities and Exchange Commission (SEC) announced on Wednesday a decision to remove the minimum commission that stockbrokers may charge their customers, aiming to stimulate activity within the capital market.<\/span><\/p>\n

\u201cThe new rule allows brokers to set their own commission schedule for transactions with their customers, without the limitations of a prescribed regulatory minimum commission,\u201d the SEC said in a statement, citing its Memorandum Circular No. 7 issued on April 16.<\/p>\n

Before this circular, the SEC had issued a resolution in 1977 setting a broker\u2019s commission rate at 1.5%, while guidelines from the Philippine Stock Exchange (PSE) mandated a minimum commission ranging from 0.25% to 0.05% of the value of a trade transaction.<\/span><\/p>\n

\u00a0\u00a0\u201cLower transaction costs are vital in encouraging the public to invest their money in the stock market. The removal of the minimum stockbroker\u2019s commission seeks to address this, and hopefully bring out more retail investors and spur trading activity,\u201d SEC Chairperson Emilio B. Aquino said. <\/span><\/p>\n

\u201cThe SEC will continue to review existing rules and regulations to see areas where we can make improvements to achieve our goal of boosting the capital market,\u201d he added.<\/p>\n

The regulator noted that the removal of the minimum commission considered the rise of online trading platforms, which allows for more cost-efficient transactions.<\/span><\/p>\n

\u201cIt also takes cues from other neighboring jurisdictions, which do not prescribe a minimum stockbroker\u2019s commission. The new rule likewise seeks to empower the investing public to engage the services of a broker of their choice based on cost preference,\u201d the SEC said.<\/p>\n

Sought for comment, China Bank Capital Corp. Managing Director Juan Paolo E.\u00a0Colet\u00a0said in a Viber message that the new rule increases competition.<\/p>\n

\u201cThe liberalization of brokerage commissions is a significant reform that will create more competition among PSE trading participants and should help reduce the cost of investing in listed equities. It may also lead to more active trading and better liquidity in certain stocks,\u201d he said.<\/p>\n

COL Financial Group, Inc. Chief Equity Strategist April Lynn Lee-Tan said: \u201cClients can\u2019t expect good service if commissions drop. Maybe some services that were free before like research reports will no longer be free, or brokers that provide better service can charge higher rates.\u201d<\/p>\n

\u201cAs to whether or not this will boost volumes, it\u2019s a bit secondary, because if market conditions are poor, even if commissions are zero, volumes will not pick up,\u201d she added. \u2014 Revin Mikhael D. Ochave<\/b><\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

THE Securities and Exchange Commission (SEC) announced on Wednesday a decision to remove the minimum commission that stockbrokers may charge their customers, aiming to stimulate activity within the capital market. \u201cThe new rule allows brokers to set their own commission schedule for transactions with their customers, without the limitations of a prescribed regulatory minimum commission,\u201d [\u2026]<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[14644,14611,168,12731,1003,3630,17419,11],"class_list":["post-18346","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bworldonline","tag-commission","tag-for","tag-minimum","tag-more","tag-sec","tag-stockbrokers","tag-years"],"yoast_head":"\nNo more minimum commission for stockbrokers \u2014 SEC - Energy Buzz<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/energybuzz.ph\/no-more-minimum-commission-for-stockbrokers-sec\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No more minimum commission for stockbrokers \u2014 SEC - Energy Buzz\" \/>\n<meta property=\"og:description\" content=\"THE Securities and Exchange Commission (SEC) announced on Wednesday a decision to remove the minimum commission that stockbrokers may charge their customers, aiming to stimulate activity within the capital market. \u201cThe new rule allows brokers to set their own commission schedule for transactions with their customers, without the limitations of a prescribed regulatory minimum commission,\u201d [\u2026]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/energybuzz.ph\/no-more-minimum-commission-for-stockbrokers-sec\/\" \/>\n<meta property=\"og:site_name\" content=\"Energy Buzz\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-18T03:00:46+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/no-more-minimum-commission-for-stockbrokers-sec\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/no-more-minimum-commission-for-stockbrokers-sec\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#\\\/schema\\\/person\\\/344f8dbaaecf75e51367eef93f492892\"},\"headline\":\"No more minimum commission for stockbrokers \u2014 SEC\",\"datePublished\":\"2024-04-18T03:00:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/no-more-minimum-commission-for-stockbrokers-sec\\\/\"},\"wordCount\":407,\"publisher\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#organization\"},\"keywords\":[\"bworldonline\",\"commission\",\"for\",\"minimum\",\"more\",\"sec.\",\"stockbrokers\",\"years\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/no-more-minimum-commission-for-stockbrokers-sec\\\/\",\"url\":\"https:\\\/\\\/energybuzz.ph\\\/no-more-minimum-commission-for-stockbrokers-sec\\\/\",\"name\":\"No more minimum commission for stockbrokers \u2014 SEC - Energy Buzz\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#website\"},\"datePublished\":\"2024-04-18T03:00:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/no-more-minimum-commission-for-stockbrokers-sec\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/energybuzz.ph\\\/no-more-minimum-commission-for-stockbrokers-sec\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/no-more-minimum-commission-for-stockbrokers-sec\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/energybuzz.ph\\\/staging\\\/6915\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"No more minimum commission for stockbrokers \u2014 SEC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#website\",\"url\":\"https:\\\/\\\/energybuzz.ph\\\/\",\"name\":\"Energy Buzz\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/energybuzz.ph\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#organization\",\"name\":\"Energy Buzz\",\"url\":\"https:\\\/\\\/energybuzz.ph\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/energybuzz.ph\\\/staging\\\/6915\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/EnergyBuzzLogo.png\",\"contentUrl\":\"https:\\\/\\\/energybuzz.ph\\\/staging\\\/6915\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/EnergyBuzzLogo.png\",\"width\":1315,\"height\":656,\"caption\":\"Energy Buzz\"},\"image\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#\\\/schema\\\/person\\\/344f8dbaaecf75e51367eef93f492892\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/136dede3a147ecd1a9946f78a827dcc4c82e31eece4650a789bbb3656cebe664?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/136dede3a147ecd1a9946f78a827dcc4c82e31eece4650a789bbb3656cebe664?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/136dede3a147ecd1a9946f78a827dcc4c82e31eece4650a789bbb3656cebe664?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\\\/\\\/energybuzz.ph\\\/staging\\\/6915\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"No more minimum commission for stockbrokers \u2014 SEC - Energy Buzz","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/energybuzz.ph\/no-more-minimum-commission-for-stockbrokers-sec\/","og_locale":"en_US","og_type":"article","og_title":"No more minimum commission for stockbrokers \u2014 SEC - Energy Buzz","og_description":"THE Securities and Exchange Commission (SEC) announced on Wednesday a decision to remove the minimum commission that stockbrokers may charge their customers, aiming to stimulate activity within the capital market. \u201cThe new rule allows brokers to set their own commission schedule for transactions with their customers, without the limitations of a prescribed regulatory minimum commission,\u201d [\u2026]","og_url":"https:\/\/energybuzz.ph\/no-more-minimum-commission-for-stockbrokers-sec\/","og_site_name":"Energy Buzz","article_published_time":"2024-04-18T03:00:46+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/energybuzz.ph\/no-more-minimum-commission-for-stockbrokers-sec\/#article","isPartOf":{"@id":"https:\/\/energybuzz.ph\/no-more-minimum-commission-for-stockbrokers-sec\/"},"author":{"name":"admin","@id":"https:\/\/energybuzz.ph\/#\/schema\/person\/344f8dbaaecf75e51367eef93f492892"},"headline":"No more minimum commission for stockbrokers \u2014 SEC","datePublished":"2024-04-18T03:00:46+00:00","mainEntityOfPage":{"@id":"https:\/\/energybuzz.ph\/no-more-minimum-commission-for-stockbrokers-sec\/"},"wordCount":407,"publisher":{"@id":"https:\/\/energybuzz.ph\/#organization"},"keywords":["bworldonline","commission","for","minimum","more","sec.","stockbrokers","years"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/energybuzz.ph\/no-more-minimum-commission-for-stockbrokers-sec\/","url":"https:\/\/energybuzz.ph\/no-more-minimum-commission-for-stockbrokers-sec\/","name":"No more minimum commission for stockbrokers \u2014 SEC - Energy Buzz","isPartOf":{"@id":"https:\/\/energybuzz.ph\/#website"},"datePublished":"2024-04-18T03:00:46+00:00","breadcrumb":{"@id":"https:\/\/energybuzz.ph\/no-more-minimum-commission-for-stockbrokers-sec\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/energybuzz.ph\/no-more-minimum-commission-for-stockbrokers-sec\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/energybuzz.ph\/no-more-minimum-commission-for-stockbrokers-sec\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/energybuzz.ph\/staging\/6915\/"},{"@type":"ListItem","position":2,"name":"No more minimum commission for stockbrokers \u2014 SEC"}]},{"@type":"WebSite","@id":"https:\/\/energybuzz.ph\/#website","url":"https:\/\/energybuzz.ph\/","name":"Energy Buzz","description":"","publisher":{"@id":"https:\/\/energybuzz.ph\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/energybuzz.ph\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/energybuzz.ph\/#organization","name":"Energy Buzz","url":"https:\/\/energybuzz.ph\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/energybuzz.ph\/#\/schema\/logo\/image\/","url":"https:\/\/energybuzz.ph\/staging\/6915\/wp-content\/uploads\/2023\/09\/EnergyBuzzLogo.png","contentUrl":"https:\/\/energybuzz.ph\/staging\/6915\/wp-content\/uploads\/2023\/09\/EnergyBuzzLogo.png","width":1315,"height":656,"caption":"Energy Buzz"},"image":{"@id":"https:\/\/energybuzz.ph\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/energybuzz.ph\/#\/schema\/person\/344f8dbaaecf75e51367eef93f492892","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/136dede3a147ecd1a9946f78a827dcc4c82e31eece4650a789bbb3656cebe664?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/136dede3a147ecd1a9946f78a827dcc4c82e31eece4650a789bbb3656cebe664?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/136dede3a147ecd1a9946f78a827dcc4c82e31eece4650a789bbb3656cebe664?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/energybuzz.ph\/staging\/6915\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/posts\/18346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/comments?post=18346"}],"version-history":[{"count":0,"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/posts\/18346\/revisions"}],"wp:attachment":[{"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/media?parent=18346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/categories?post=18346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/tags?post=18346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}