The recent mutual fund industry scandal will be the topic of a Dec. 2 panel discussion presented by the University of Colorado at Boulder's Leeds School of Business.
Called "Mutual Fund Scandal: Finance, Ethics and Remediation," the discussion will be held at 5 p.m. in Eaton Humanities Building room 1B50 on the CU-Boulder campus. Following the discussion, which is free and open to the public, there will be a question and answer session.
During the panel discussion, the audience will get a well-rounded explanation of the scandal involving the late-trading of mutual funds, according to Robert Kolb, assistant dean for the Business and Society Initiative at the Leeds School of Business.
"After our meeting, the audience should know what the offending conduct was, have a clear understanding of the unethical behavior involved, and they should understand some of the steps that the industry plans to take to restore confidence," said Kolb, who organized the event.
The panel will consist of three people and a moderator.
Steven Manaster, dean of the CU-Boulder Leeds School of Business, will moderate the discussion.
Michael Stutzer, a finance professor at CU-Boulder and director of the Leeds School's Richard M. Burridge Center for Securities Analysis and Valuation, will explain the financial concepts involved in mutual fund operations, market timing and late-trading of mutual funds.
Kolb will discuss the ethical misconduct involved in the practices of market timing, late-trading and other breaches of trust by the industry.
Girard Miller, chief operating officer of Janus Capital Group Inc., will speak about the management and remediation issues at Janus and across the mutual fund industry.
The panel discussion is sponsored by the Business and Society Initiative at the Leeds School of Business. For more information call (303) 492-8410.