The late trading and market-timing scandal of mutual funds

The first decade of the 21st century witnessed several major financial scandals. One of the less studied of these by criminologists is the late trading and market-timing scandal that involved several major mutual funds, hedge funds, money managers and brokerage firms. Until this scandal was revealed...

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Bibliographic Details
Main Author: Shichor, David (Author)
Format: Electronic Article
Language:English
Published: 2012
In: Crime, law and social change
Year: 2012, Volume: 57, Issue: 1, Pages: 15-32
Online Access: Volltext (lizenzpflichtig)
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Keywords:
Corporate Crime
Corporate Social Responsibility
Fund Manager
Hedge Fund
Mutual Fund
Description
Summary:The first decade of the 21st century witnessed several major financial scandals. One of the less studied of these by criminologists is the late trading and market-timing scandal that involved several major mutual funds, hedge funds, money managers and brokerage firms. Until this scandal was revealed in 2003, the mutual fund industry was considered a "clean" industry in which people with modest means could make long term investments with relatively low risk. The late trading/market-timing scandal changed this situation by harming these long-term investors.
Item Description:Literaturverzeichnis: Seite 30-32
ISSN:1573-0751
DOI:10.1007/s10611-011-9344-z