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 is the type of abusive activity where investors are able to buy or sell mutual fund shares after the price has been set for the day. This practice is illegal because it allows traders to take advantage of market-moving news that occurs after the market closes. It is considered fraudulent and unfair to other investors who are not able to trade at the same time. Market timing involves the purchase and sale of mutual fund shares in a manner that seeks to exploit inefficiencies in mutual fund pricing. Directed brokerage involves a mutual fund company selecting brokerage firms to execute its trades in exchange for referring customers to those firms. Improper fee assessment involves charging excessive fees for the management of a mutual fund.

The Type of Abusive Activity That Involves Cases Where Investors