Those who participated in market timing during the recent mutual fund scandals are being punished by redemption fees or even told to stay out completely, according to The Wall Street Journal.

"Some [companies] are saying, ‘We’ll allow you four trades a year,’ and others are saying, ‘We’ve got you marked as a timer; we don’t want your money,’" Steve Landis of Landis Financial Investment Services told The Journal. Landis doubles as president of the National Association of Active Investment Managers. That firm used to be called The Society of Asset Allocators and Fund Timers Inc.

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