Article: An examination of mutual fund expense ratios before and after the 2003 mutual fund late-trading scandals.(Report)

ABSTRACT

The improper behavior of some mutual fund managers came to the attention of the general public in 2003 as a consequence of the New York state investigation of some mutual funds' late trading practices. For many investors, this publicity may have been the first time that they came to understand that mutual fund managers might not always be acting in the best interests of fund shareholders. It is also likely that mutual fund sponsor organizations began to fear continued public scrutiny of other mutual fund industry business practices. This paper examines the data in an attempt to determine whether another questionable practice in the mutual fund industry, expense ...

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