The Association for Investment Management and Research (AIMR) believes that abusive trading practice...
The Association for Investment Management and Research (AIMR) believes that abusive trading practices by mutual fund managers make a mockery of the effectiveness and integrity of the global financial markets. Late trading is clearly illegal. Market timing trades by fund managers in their own fund's shares, while not illegal, harm fund investors. Fund managers' use of fund information for their own personal gain or for favoured clients of the firm increases trading costs and reduces returns for the mutual fund and its investing clients. This is clearly not in the best interests of rank an...
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