Mutual-fund scandal (2003)

In 2003, there was a scandal involving mutual funds. Mutual funds are investments that people put their money in, and the money is pooled together with other people's money and managed by professional investors. In this scandal, some of the professional investors did something bad: they were letting some customers buy shares at prices that weren't available to everyone else, which was unfair and against the rules. This meant that some customers got a better deal than everyone else, while other people ended up losing money. The people involved were fined and had to pay back the money they'd made by doing this, but it still meant that some people lost out.