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 released Thursday. The practice of "late trading" is so rife that individual shareholders lose about a . . .
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