Illegal Stock Trading Widespread and Costly, Says Prof

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http://www.usatoday.com/money/perfi/funds/2003-09-12-trades-funds_x.htm The alleged illegal trading that prosecutors are investigating at a few mutual fund firms might be more widespread and costly to investors than thought, reports USA Today. Illegal trading occurs in at least one out of every six mutual fund families and costs investors about $400 million a year, according to an academic study
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