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But these fee increases are not huge".
These fee waiver programs are risky from a tax perspective.
Saira Grant, chief executive of the Joint Council for the Welfare of Immigrants, said: "These fee increases were part of a series of measures that have drastically reduced people's ability to appeal Home Office decisions to an independent court.
"When these products first appeared around 15 years ago, some front line bank staff had sales targets which included 'upselling' these fee paying accounts," said Andrew Hagger of price comparison website Moneynet.
Such management fee offsets are common but not universal, and some practitioners have noted the increased risk that these fee offsets may result in limited partners being treated as effectively connected with a trade or business.
Greg Ghodsi, head of the 360 Wealth Management Group at Raymond James Financial, has canceled three of his credit cards in the last six months as a result of these fee changes.
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Gov. George E. Pataki, Mayor Michael R. Bloomberg and other political leaders have so far rejected these fee- and tax-based measures.
It emerged this week that complaints to the financial ombudsman about these fee-charging current accounts have soared from around 30 a week in early 2013 to 1,000 a week now.
And when you imagine these fee-based gripes extending beyond a gathering of south-London students, and spreading across the social networks on Facebook and Twitter ("Don't apply to Course X at Y University – waste of money") I fear we'll see a high rate of attrition.
The act is now widely regarded as a licence for audit firms to print money ironic in that it was these fee-driven firms that, arguably, encouraged the lax accounting that led to the legislation.Beyond its immediate price-tag, SOX stands accused of undermining America's entrepreneurial spirit.
These fees can be substantial.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com