PT - JOURNAL ARTICLE AU - John A Haslem TI - Mutual Fund Arbitrage and Transaction Costs AID - 10.3905/JOI.2009.18.2.057 DP - 2009 May 31 TA - The Journal of Investing PG - 57--61 VI - 18 IP - 2 4099 - https://pm-research.com/content/18/2/57.short 4100 - https://pm-research.com/content/18/2/57.full AB - The 2003 mutual funds scandal that exploded upon the public revealed something that had long been known to insiders: Mutual fund advisers often approve and allow frequent trading, frequent trading arbitrage, and late trading arbitrage to selected traders. This article provides a discussion of frequent trading and late trading arbitrage focusing on the implications to stockholders.TOPICS: Legal/regulatory/public policy, financial crises and financial market history, mutual fund performance