United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2004-07-09 monographic deposited born digital 43 p. GA 1.13:GAO-04-799 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-04-799 P0b002ee18037cec5 f:d04799 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-04-799 machine generated eng fdlp REPORT GAOREPORTS-GAO-04-799 GAO-04-799 Brokerage industry Employee retirement plans Funds management Mutual funds Regulatory agencies Retirement pensions Securities regulation Investments Stocks (securities) Abusive practices Other Written Product A10879 Mutual fund investments represent more than 20 percent of Americans' pension plan assets. Since late 2003, two abusive trading practices in mutual funds have come to light. Late trading allowed some investors to illegally place orders for funds after the close of trading. Market timing allowed some investors to take advantage of temporary disparities between the value of a fund and the value of its underlying assets despite stated policies against such trading. The Securities and Exchange Commission (SEC) has proposed regulations intended to stop late trading and reduce market timing. We were asked to (1) report on what is known about how these practices have affected the value of retirement savings of pension plan participants, (2) describe the actions taken by SEC and the Department of Labor (DOL) to address these practices, and (3) explain how plan participants may be affected by SEC's proposed regulations. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-04-799/html/GAOREPORTS-GAO-04-799.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-04-799/pdf/GAOREPORTS-GAO-04-799.pdf GAO-04-799 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-04-799 Other Written Product GAO-04-799; Mutual Funds: SEC Should Modify Proposed Regulations to Address Some Pension Plan Concerns; Brokerage industry Employee retirement plans Funds management Mutual funds Regulatory agencies Retirement pensions Securities regulation Investments Stocks (securities) Abusive practices