Close Close
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.

More on this topic

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.