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How To Compensate Mutual Fund Investors For Late Trading And Market Timing, Richard A. Booth Marbury Research Professor Of Law
How To Compensate Mutual Fund Investors For Late Trading And Market Timing, Richard A. Booth Marbury Research Professor Of Law
Faculty Scholarship
This article focuses on the mutual fund trading scandals that came to light in late 2003 and in particular on the remedy that should be available to injured mutual fund investors. First, I describe mutual fund structure and the trading process for mutual fund shares. Second, I show how late trading and market timing can extract value from a fund and harm the interests of non-trading fund investors. Third, I discuss the factors that gave rise to these abuses and regulatory changes that would prevent a recurrence. Finally, I address the issues raised by the numerous private stockholder actions prompted …
Who Should Recover What For Late Trading And Market Timing?, Richard A. Booth
Who Should Recover What For Late Trading And Market Timing?, Richard A. Booth
Faculty Scholarship
No abstract provided.