Alternative splicing and posttranslational modifications (PTMs) are major sources of protein diversity in eukaryotic proteomes. The SR protein SF2/ASF is an oncoprotein that functions in pre-mRNA splicing, with additional roles in other posttranscriptional and translational events. Functional studies of SR protein PTMs have focused exclusively on the reversible phosphorylation of Ser residues in the C-terminal RS domain. We confirmed that human SF2/ASF is methylated at residues R93, R97, and R109, which were identified in a global proteomic analysis of Arg methylation, and further investigated whether these methylated residues regulate the properties of SF2/ASF. We show that the three arginines additively control the subcellular localization of SF2/ASF and that both the positive charge and the methylation state are important. Mutations that block methylation and remove the positive charge result in the cytoplasmic accumulation of SF2/ASF. The consequent decrease in nuclear SF2/ASF levels prevents it from modulating the alternative splicing of target genes, results in higher translation stimulation, and abrogates the enhancement of nonsense-mediated mRNA decay. This study addresses the mechanisms by which Arg methylation and the associated positive charge regulate the activities of SF2/ASF and emphasizes the significance of localization control for an oncoprotein with multiple functions in different cellular compartments.Pre-mRNA splicing is a required step for the expression of most human genes. Alternative splicing plays a key role in regulating gene expression and is a major source of protein isoform diversity. SR proteins are a family of closely related and highly expressed eukaryotic RNA-binding proteins that regulate both general and alternative splicing (22) and have additional roles in other aspects of gene expression (41). SF2/ ASF, a prototypical member of the SR protein family, has a modular structure with two RNA recognition motifs (RRMs), which recognize a 7-nucleotide exonic splicing enhancer (ESE) motif on pre-mRNA, and an RS domain with numerous repeats of serine-arginine dipeptides (Fig. 1A). SF2/ASF is required for general splicing, though sometimes interchangeably with other SR proteins (33), and also plays a role in the regulation of alternative splicing in a concentration-dependent manner, in part through the recognition of ESEs (16). In addition to its role as a broad-specificity splicing regulator, SF2/ ASF strongly enhances nonsense-mediated mRNA decay (NMD) upon overexpression (65), stimulates translation both in vivo and in vitro in an enhancer-dependent manner (50), and functions as an adaptor protein for mRNA export (26). Some of these additional functions of SF2/ASF reflect its ability to shuttle between the nucleus and the cytoplasm (13). Reflecting its multifaceted role as a regulator in various cellular processes, SF2/ASF is a potent oncoprotein whose overexpression by as little as 2-fold is sufficient to transform immortal rodent fibroblasts (30). Conversely, the knockdown of SF2/...