2026-00920Notice

Nasdaq Stock Market Aligns Fees with New FINRA Rules Now

Published Date: 1/20/2026

Notice

Summary

Starting January 1, 2026, Nasdaq is updating the fees it charges members who trade stocks and options to match new FINRA fee changes. If you trade on Nasdaq, expect some fee adjustments that could affect your costs. These changes kick in immediately, so traders should be ready to roll with the new prices!

Analyzed Economic Effects

2 provisions identified: 0 benefits, 2 costs, 0 mixed.

Tiered FINRA System Processing Fee

Starting January 1, 2026, Nasdaq will list FINRA's Annual System Processing Fee on its Pricing Schedule and mirror FINRA's tiered rates. The fee changes from a flat $70 to $70 for 1-5 regulators, $95 for 6-20, $110 for 21-40, and $125 for 41+ securities regulators; Nasdaq states it will not collect or retain these fees and FINRA collects them via Web CRD.

Higher Continuing Education Session Fee

Effective January 1, 2026, Nasdaq will mirror FINRA’s increase in the Continuing Education Regulatory Element Session Fee from $18 to $25 on its Pricing Schedule. Nasdaq says it will not collect or retain this fee and that FINRA will collect it through Web CRD.

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Key Dates

Effective Date
Published Date
1/1/2026
1/20/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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