Matches in SemOpenAlex for { <https://semopenalex.org/work/W2012808818> ?p ?o ?g. }
Showing items 1 to 73 of
73
with 100 items per page.
- W2012808818 endingPage "54" @default.
- W2012808818 startingPage "46" @default.
- W2012808818 abstract "On September 3, 2003, New York Attorney General Eliot Spitzer announced what quickly became the gravest scandal in the mutual fund industry in the 65 years since Congress passed the Investment Company Act of 1940. Spitzer’s office discovered that some hedge funds had been permitted to trade shares of open‐end mutual funds after that day’s net asset value (NAV) for those mutual funds had been set (typically at 4:00 PM eastern time). This practice allowed the hedge funds to profit based on corporate news announcements released after that time, and therefore not reflected in the mutual funds’ daily NAV. Moreover, Spitzer disclosed that some mutual fund advisers had only selectively enforced the stated limits in their prospectuses on frequent trading, or market timing, of those mutual funds. In some cases, mutual fund advisers had permitted selected investors to conduct frequent trading in mutual funds in return for investments (sometimes referred to as “sticky assets”) in other investment vehicles, or had permitted frequent trading by officers of the adviser itself. And some mutual fund advisers had selectively disclosed information about portfolio holdings of the funds to hedge funds that used that information to arbitrage the mutual funds’ positions. This was the second major securities industry scandal uncovered by Spitzer’s office in just two years. In 2002, Spitzer’s office uncovered the research analyst independence scandal that culminated in a global settlement with the country’s major investment banks. Spitzer’s 15‐person Securities Bureau appeared more nimble and better informed than the thousands of staff members at the Securities and Exchange Commission, the federal agency charged with regulating the mutual fund industry. The SEC ‐ already under fire for the unprecedented wave of corporate and brokerage industry scandals that led to adoption of the Sarbanes‐Oxley Act ‐ had to endure yet another round of vocal public criticism." @default.
- W2012808818 created "2016-06-24" @default.
- W2012808818 creator A5045262525 @default.
- W2012808818 date "2004-10-01" @default.
- W2012808818 modified "2023-09-25" @default.
- W2012808818 title "Mutual funds, NSMIA and the state securities regulators – When do state enforcement remedies become improper regulation?" @default.
- W2012808818 doi "https://doi.org/10.1108/15285810410636578" @default.
- W2012808818 hasPublicationYear "2004" @default.
- W2012808818 type Work @default.
- W2012808818 sameAs 2012808818 @default.
- W2012808818 citedByCount "2" @default.
- W2012808818 countsByYear W20128088182018 @default.
- W2012808818 crossrefType "journal-article" @default.
- W2012808818 hasAuthorship W2012808818A5045262525 @default.
- W2012808818 hasConcept C10138342 @default.
- W2012808818 hasConcept C110492413 @default.
- W2012808818 hasConcept C144133560 @default.
- W2012808818 hasConcept C155301685 @default.
- W2012808818 hasConcept C162324750 @default.
- W2012808818 hasConcept C169549615 @default.
- W2012808818 hasConcept C175444787 @default.
- W2012808818 hasConcept C181308471 @default.
- W2012808818 hasConcept C181622380 @default.
- W2012808818 hasConcept C183582576 @default.
- W2012808818 hasConcept C190622953 @default.
- W2012808818 hasConcept C204434749 @default.
- W2012808818 hasConcept C206757995 @default.
- W2012808818 hasConcept C2777064782 @default.
- W2012808818 hasConcept C2780916735 @default.
- W2012808818 hasConcept C34375142 @default.
- W2012808818 hasConcept C39389867 @default.
- W2012808818 hasConcept C43089589 @default.
- W2012808818 hasConcept C84355842 @default.
- W2012808818 hasConceptScore W2012808818C10138342 @default.
- W2012808818 hasConceptScore W2012808818C110492413 @default.
- W2012808818 hasConceptScore W2012808818C144133560 @default.
- W2012808818 hasConceptScore W2012808818C155301685 @default.
- W2012808818 hasConceptScore W2012808818C162324750 @default.
- W2012808818 hasConceptScore W2012808818C169549615 @default.
- W2012808818 hasConceptScore W2012808818C175444787 @default.
- W2012808818 hasConceptScore W2012808818C181308471 @default.
- W2012808818 hasConceptScore W2012808818C181622380 @default.
- W2012808818 hasConceptScore W2012808818C183582576 @default.
- W2012808818 hasConceptScore W2012808818C190622953 @default.
- W2012808818 hasConceptScore W2012808818C204434749 @default.
- W2012808818 hasConceptScore W2012808818C206757995 @default.
- W2012808818 hasConceptScore W2012808818C2777064782 @default.
- W2012808818 hasConceptScore W2012808818C2780916735 @default.
- W2012808818 hasConceptScore W2012808818C34375142 @default.
- W2012808818 hasConceptScore W2012808818C39389867 @default.
- W2012808818 hasConceptScore W2012808818C43089589 @default.
- W2012808818 hasConceptScore W2012808818C84355842 @default.
- W2012808818 hasIssue "4" @default.
- W2012808818 hasLocation W20128088181 @default.
- W2012808818 hasOpenAccess W2012808818 @default.
- W2012808818 hasPrimaryLocation W20128088181 @default.
- W2012808818 hasRelatedWork W1603945390 @default.
- W2012808818 hasRelatedWork W1943391757 @default.
- W2012808818 hasRelatedWork W2062647650 @default.
- W2012808818 hasRelatedWork W2181946218 @default.
- W2012808818 hasRelatedWork W2222559237 @default.
- W2012808818 hasRelatedWork W29996958 @default.
- W2012808818 hasRelatedWork W3045890351 @default.
- W2012808818 hasRelatedWork W3124546030 @default.
- W2012808818 hasRelatedWork W3187325898 @default.
- W2012808818 hasRelatedWork W3205733563 @default.
- W2012808818 hasVolume "5" @default.
- W2012808818 isParatext "false" @default.
- W2012808818 isRetracted "false" @default.
- W2012808818 magId "2012808818" @default.
- W2012808818 workType "article" @default.