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Why Has SEC Done Nothing to end the Deceitful Practice of "Window Dressing"
There are certain widespread practices that have existed in the financial industry for many years that seem to have no purpose but to defraud the retail investor that I've often wondered how they can still be legal. Window dressing is one such practice and as we approach the end of the second quarter 2009, now is an apropropriate time to broach a discussion about this controversial practice. If you are not familiar with the term "window dressing" it is the practice whereby fund managers, at the very end of each quarter,
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