The
"If you look at fund flows in and out, you can identify funds that are susceptible to market timing and late trading," Paul Roye, director of the division of investment management at the SEC, told The Journal. "That data can help us target firms for inspection."
If the SEC had paid attention to the abnormally high flows at
"When you see funds with a lot [of] heavy [cash] flows in and out, it tells you something," says Eric Zitzewitz, a business professor with
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The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.