2003 Mutual Fund Scandal

2003 Mutual Fund Scandal

The mutual fund scandal of 2003 was the result of the discovery of illegal late trading and market timing practices on the part of certain hedge fund and mutual fund companies.

Read more about 2003 Mutual Fund Scandal:  Spitzer Investigation, SEC Investigation, Settlements and Trials, List of Implicated Fund Companies, Timeline

Famous quotes containing the words mutual, fund and/or scandal:

    Louise Bryant: I’m sorry if you don’t believe in mutual independence and free love and respect.
    Eugene O’Neill: Don’t give me a lot of parlor socialism that you learned in the village. If you were mine, I wouldn’t share you with anybody or anything. It would be just you and me. You’d be at the center of it all. You know it would feel a lot more like love than being left alone with your work.
    Warren Beatty (b. 1937)

    School success is not predicted by a child’s fund of facts or a precocious ability to read as much as by emotional and social measures; being self-assured and interested: knowing what kind of behavior is expected and how to rein in the impulse to misbehave; being able to wait, to follow directions, and to turn to teachers for help; and expressing needs while getting along with other children.
    Daniel Goleman (20th century)

    Certain it is that scandal is good brisk talk, whereas praise of one’s neighbour is by no means lively hearing. An acquaintance grilled, scored, devilled, and served with mustard and cayenne pepper excites the appetite; whereas a slice of cold friend with currant jelly is but a sickly, unrelishing meat.
    William Makepeace Thackeray (1811–1863)