Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > Mutual Funds

DALBAR Blasts Proposed 4 P.M. Mutual Fund Order Cutoff

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Dec. 5, 2003, 7:37 p.m. EST – DALBAR Inc., Boston, has published a commentary blasting a move by the U.S. Securities and Exchange Commission to require a 4 p.m. cutoff for mutual fund orders.[@@]

SEC officials says the proposed rule will keep well-connected investors from getting special treatment at the expense of other investors, but Louis Harvey, DALBAR’s president, writes in the commentary that the rule will probably backfire.

The 4 p.m. also will be very expensive to implement, and it will lead to major disruption of mutual fund trading activities, Harvey says.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.