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"Because of the increased enforcement, it's much harder to enter the United States, and that has driven fees up from $1,000 to $2,000 per person from Mexico," he said.
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"What we've set off here is the competitive pressure that will drive fees to the point that a properly functioning market would arrive at," Mr. Spitzer said.
He has also opposed calls from Mr. Spitzer and other critics of the mutual fund industry to get the commission more involved in lowering fund fees, preferring instead to draw rules that will require greater disclosure of the fees in the hope that will result in a more competitive marketplace, which, in turn, will drive fees down.
The law's backers, on the other hand, say that increased competition will ultimately drive fees down.
Poor performance, the cheaper alternative of indexing, and increasing scrutiny from corporate officers and their consultants drove fees lower and lower.
Business|A Price War Has Driven Fund Fees to Zero.
A Price War Has Driven Fund Fees to Zero.
The concern is that, driven by fees, banks will push their own products over lower-cost options with stronger returns.
Sports are the type of content that viewers are keenest on watching in real time, which has driven rights fees to record levels.
Name-brand groups, too, often take advantage of exuberant markets to raise money aggressively, perhaps because partners' compensation is driven by fees on capital under management.
By competing relentlessly on price, it has driven down fees across the industry.Investors have not been the only ones to benefit from the growth of passively managed funds.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com