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

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Late trading is the type of abusive activity that involves cases where investors were able to buy or sell mutual fund shares after the price had been set each day. This is considered an illegal activity because it allows investors to take advantage of information received after the market closes to earn profits. Market timing is a different type of abusive activity that involves frequent buying and selling of mutual fund shares to exploit pricing inefficiencies. Directed brokerage refers to a practice where brokerage firms steer client trades to certain mutual funds in exchange for other business-related favors. Improper fee assessment is the practice of charging excessive fees for mutual fund management.

The Type of Abusive Activity That Involves Cases Where Investors