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:
“Of course I lie to people. But I lie altruistically—for our mutual good. The lie is the basic building block of good manners. That may seem mildly shocking to a moralist—but then what isn’t?”
—Quentin Crisp (b. 1908)
“I am advised that there is an unexpended balance of about $45,000 of the fund appropriated for the relief of the sufferers by flood upon the Mississippi River and its tributaries, and I recommend that authority be given to use this fund to meet the most urgent necessities of the poorer people in Oklahoma.”
—Benjamin Harrison (1833–1901)
“There is no scandal like rags, nor any crime so shameful as poverty.”
—George Farquhar (1678–1707)