The type of abusive activity that involves cases where investors were able to buy or sell mutual fund shares long after the price had been set each day is

Question

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Late trading involves the practice of buying or selling mutual fund shares after the market has closed but at the price set at the end of the trading day. This is an abusive practice because it allows the investor to take advantage of market news that has not yet affected the price of the mutual fund. Market timing is a practice of buying and selling mutual funds based on expected shifts in market conditions, while directed brokerage involves brokerage firms directing order flow to particular mutual funds in exchange for fund companies' payment of fees or other compensation. Improper fee assessment involves charging excessive fees or fees for services not provided to investors. None of these practices involve the ability to buy or sell mutual fund shares after the market has closed.

The Type of Abusive Activity That Involves Cases Where Investors