In the U.S., the possibility for institutional investors to place orders for mutual fund shares after market close, but still getting that day’s earlier price, rather than the next day’s closing price. Reprimanded several times by the supervisory authority through moral suasion, but apparently still not completely stopped, probably because of the high monitoring effort required for this (costs of control, high checking requirements). – See market timing, market, gray, post-exchange, regulatory mania, closing price strategy, straitjacking, overregulation. – See BaFin Annual Report 2003, p. 214, BaFin Annual Report 2004, p. 180 (implementation of corresponding conduct of business rules), BaFin Annual Report 2005, p. 146 (special audits) and the respective BaFin Annual Report.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/