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:
“What men call friendship is no more than a partnership, a mutual care of interests, an exchange of favors—in a word, it is a sort of traffic, in which self-love ever proposes to be the gainer.”
—François, Duc De La Rochefoucauld (1613–1680)
“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)
“The day the world ends, no one will be there, just as no one was there when it began. This is a scandal. Such a scandal for the human race that it is indeed capable collectively, out of spite, of hastening the end of the world by all means just so it can enjoy the show.”
—Jean Baudrillard (b. 1929)