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I have not checked other firms; but the following is a standard footnote for other information at Fidelity, aside from what may be in a prospectus for a particular investment.
Free commission offer applies to online purchases select ETFs in a Fidelity brokerage account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal).
I have not checked other firms; but the following is a standard footnote for other information at Fidelity, aside from what may be in a prospectus for a particular investment.
Free commission offer applies to online purchases select ETFs in a Fidelity brokerage account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal).
The lawyers got sloppy with that marketing material. The actual Fidelity fee schedule reads: "The Additional Assessment ... typically ranges from $0.01 to $0.03 per $1,000 of principal".
This fee is often referred to as the SEC Section 31 fee. More or less, it is a pass through of a fee charged to brokers on sales of securities (stocks, ETFs). The fee charged to brokers is currently $0.0221 (2.21¢) per $1,000, but will be dropping to $0.0051 (0.51¢) per $1,000 on February 25th. https://www.sec.gov/news/press-release/2021-8
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This fee is often referred to as the SEC Section 31 fee. More or less, it is a pass through of a fee charged to brokers on sales of securities (stocks, ETFs). The fee charged to brokers is currently $0.0221 (2.21¢) per $1,000, but will be dropping to $0.0051 (0.51¢) per $1,000 on February 25th.
https://www.sec.gov/news/press-release/2021-8