There is an industry-wide epidemic amongst mutual funds of both insider trading and market timing to the diminution of the ordinary stakeholder, including defined contribution plan account balances.
The Mutual Fund Scandals: What's A Plan Sponsor To Do?
There is an industry-wide epidemic amongst mutual funds of both insider trading and market timing to the diminution of the ordinary stakeholder, including defined contribution plan account balances. Late trading is the clearly illegal practice of placing orders after the day's close at 4 p.m., and market timing is the disruptive (but not necessarily illegal) practice of trading quickly in-and-out of a fund. <br/>This article is intended to assist plan fiduciaries (<i>eg</i>, law firms sponsors of pension plans and law firm clients) regarding how to behave in a fiduciarily appropriate manner.
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