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SEC to Mutual Funds: Take Down 'Arbitrage Welcome' Signs
By
Mercer Bullard
05/02/01 - 12:37 PM EDT
SEC issues letter banning funds from using old prices to value their portfolios, which had allowed arbitragers to skim quick profits.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.12 |
Oil *
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37.61
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SPDR Gold
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-2.04%
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