Your English writing platform
Discover LudwigExact(11)
Can I still buy and sell fund units?
Normally, investors are allowed to buy and sell fund shares until 4 p.m. at that day's closing net asset value.
Regulators have recently increased their scrutiny of the relationships between fund managers and the brokerage firms that not only execute their trades but also sell fund shares.
The deals allowed it, among other things, to buy and sell fund shares after they had stopped trading, a convenience not available to other investors.
Janus told investors it did take steps to prevent such trading, in which big traders buy or sell fund shares based on outdated values, and thereby profit at the expense of other investors in the fund.
Officials described a kind of mutual fund payola, or deals in which a number of brokerage firms and mutual funds have provided cash and other compensation to the brokerage houses that sell fund shares.
Similar(49)
One is distribution: the people who sell funds to investors have had little incentive to sell cheap ones.
SECURITIES law makes it plain: America's mutual funds are to be managed on behalf of investors not the people who sell funds or advise fund managers.
These fees, which include payments to brokers to sell funds as well as advertising costs, can add as much as a full percentage point to mutual fund expenses.
For brokers and financial advisers who sell funds to investors, the retirement shares provide increased service fees over the long haul.
To be sure, fund houses have utilized banks to sell funds, but this is not the most efficient way to reach investors a bank's employees often put selling bank products ahead of selling funds.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com