![Marco Zwick, CSSF (left), Robert Shapiro (SEC)) and Alfi's Jean Marc Goy (right) on Thursday in New York. Photo: IO. Marco Zwick, CSSF (left), Robert Shapiro (SEC)) and Alfi's Jean Marc Goy (right) on Thursday in New York. Photo: IO.](https://images.investmentofficer.com/cdn/ff/zTNnsxbglzmLUe7cNTd_S2zAnJ-JG2lI-Pn3FzU__GM/1720867735/public/styles/large/public/screenshot_2024-05-17_at_09.42.12.png?itok=CeVVsuQ1)
Speaking at an ALFI event in New York, the U.S. Securities and Exchanges Commission, SEC, and Luxembourg financial supervisor CSSF have jointly voiced significant concerns about “increasingly complicated fee structures” in the fund industry, warning that these practices may be obscuring the true costs for investors.
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