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Mutual Fund Trading Restrictions
FIS ReliusLink to more items from this source
May 25, 2004
Excerpt: The SEC is proposing rules to require mutual funds to impose a 2% redemption fee on most transactions in which shares are held for five days or less. These fees are intended to prevent 'market timing' and other abuses, and to penalize short-term traders who gain at the expense of long-term investors.

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