Mutual Funds: SEC Should Modify Proposed Regulations to Address Some Pension Plan Concerns
Description:
A letter report issued by the Government Accountability Office with an abstract that begins "Mutual fund investments represent more than 20 percent of Americans' pension plan assets. Since late 2003, two abusive trading practices in mutual funds have come to light. Late trading allowed some investors to illegally place orders for funds after the close of trading. Market timing allowed some investors to take advantage of temporary disparities between the value of a fund and the value of its unde…
more
Date:
July 9, 2004
Creator:
United States. Government Accountability Office.
Partner:
UNT Libraries Government Documents Department