| FEE AND COMMISSION INCOME/(EXPENSE) |
FEE AND COMMISSION INCOME/EXPENSE As of March 31, 2022 and 2021, fee and commission income/expense of the Company included the following:
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Year ended
March 31, 2022
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Year ended
March 31, 2021
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Year ended
March 31, 2020
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| Fee and commission income: |
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| Brokerage services |
$ |
391,996 |
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$ |
245,913 |
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$ |
82,800 |
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| Bank services |
23,274 |
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12,403 |
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7,240 |
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| Underwriting services |
8,705 |
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8,345 |
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2,360 |
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| Other commission income |
7,963 |
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5,278 |
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268 |
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| Total fee and commission income |
$ |
431,938 |
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$ |
271,939 |
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$ |
92,668 |
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| Fee and commission expense: |
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| Brokerage services |
$ |
61,151 |
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$ |
63,098 |
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$ |
18,673 |
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| Bank services |
10,989 |
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5,095 |
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1,299 |
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| Stock exchange services |
3,109 |
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1,924 |
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710 |
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| Central Depository services |
594 |
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440 |
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775 |
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| Other commission expense |
5,388 |
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2,543 |
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479 |
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| Total fee and commission expense |
$ |
81,231 |
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$ |
73,100 |
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$ |
21,936 |
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