http://www.wsj.com/articles/securities-pricing-problems-hit-u-s-mutual-funds-etfs-1440601913
A computer glitch is preventing hundreds of mutual and
exchange-traded funds from providing investors with the values of their
holdings, complicating trading in some of the most widely held
investments.
796 funds were missing their net asset values on Wednesday.
. . . Hinder[ing] investors’ ability to trade accurately in and out of popular investment vehicles,. . .
David A. Andelman, 70 years old, of New York City, said he tried to sell $15,000 of Voya Russia fund shares on Monday. By Wednesday morning, the trade still hadn’t gone through,
he said. He said he was told by his broker, J.P. Morgan Chase &
Co., that it couldn’t receive the funds because the bank hadn’t received
pricing information from Voya.
“It’s a nightmare,” Mr. Andelman said.
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