What is the term that describes allowing selected investors to purchase mutual funds after 4:00 p.m., using that day’s net asset value (NAV), rather than the next day’s NAV, as required under the law?

a. Circular trading
b. Late trading
c. Forward pricing
d. Backdating

Late trading is a trading system applied in the trading of mutual funds shares or Hegde funds Shares where the buyer or seller are asked to come for trading after the market working period has elapsed.

LATE TRADING IS CONSIDERED ILLEGAL IN MOST COUNTRIES,AND LATE TRADING CONSIDERS THE PRICE OF THE SHARE AS AT WHEN THE MARKET WAS STILL OPEN.

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What is the term that describes allowing selected investors to purchase mutual funds after 4:00 p.m., using that day’s net asset value (NAV), rather than the next day’s NAV, as required under the law? a. Circular trading b. Late trading c. Forward pricing d. Backdating

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What is the term that describes allowing selected investors to purchase mutual funds after 4:00 p.m., using that day’s net asset value (NAV), rather than the next day’s NAV, as required under the law?

a. Circular trading
b. Late trading
c. Forward pricing
d. Backdating