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:
“For do but note a wild and wanton herd
Or race of youthful and unhandled colts
Fetching mad bounds, bellowing and neighing loud,
Which is the hot condition of their blood;
If they but hear perchance a trumpet sound,
Or any air of music touch their ears,
You shall perceive them make a mutual stand,
Their savage eyes turned to a modest gaze
By the sweet power of music.”
—William Shake{peare (15641616)
“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 (18331901)
“There is no scandal like rags, nor any crime so shameful as poverty.”
—George Farquhar (16781707)