Eliot Spitzer
PER
Spitzer Eliot Spitzer
After interviewing a number of fund industry professionals and fund auditors, the researchers concluded that it is the norm in the U.S. fund industry. The researchers note that the mispricing that comes from T+1 accounting is not the same as the stale pricing that was the basis of the mutual fund trading scandal exposed several years ago by the attorney general of New York named Eliot Spitzer. Mr. Spitzer's office had no comment on the current study. His investigations focused on funds whose securities had not traded for several hours when N.A.V.'s were calculated at 4 p.m. in New York.