Who receives an SEC fee ?

An SEC fee typically refers to a fee associated with the Securities and Exchange Commission (SEC) in the United States. These fees can be relevant in various contexts, such as: 1. **Registration Fees**: Companies must pay fees to the SEC when they register their securities for sale to the public. This often applies to initial public offerings (IPOs) and other types of securities offerings. 2. **Transaction Fees**: Certain transactions, such as those involving the purchase or sale of securities, may also be subject to SEC fees. 3. **Filing Fees**: Companies filing reports or statements with the SEC, including forms like the S-1, may incur filing fees. The revenues collected from these fees go to the U.S. Treasury. The fees support the SEC's regulatory activities and are essential for maintaining fair and efficient markets. If you're asking about a different context regarding "SEC fees," please provide more details, and I’d be happy to clarify further.