Backdating is when an investor purchases a mutual fund by allowing him or her to sign a fund contract at a time that has elapsed in the letter of intent in order to reduce fees because the longer a mutual fund is held, the lower the fees.

Equity refers to the legal ownership of investors in joint-stock companies, and the resulting rights that investors have over the company.

Including self-benefit rights and legal rights.

From an economic point of view, equity is part of property rights, that is, the ownership of property, and does not include the property rights of legal persons.

From an accounting point of view, the two are essentially the same, and both reflect the ownership of property; but from a quantitative point of view, they may be different. Property rights refer to the owner's rights and interests, and equity refers to capital or paid-in capital.

Generally, investors enjoy certain equity rights based on the organizational form of a joint-stock company, the type and amount of subscribed stocks, and their limited or unlimited liability for the company, such as management rights, supervision rights, voting rights, dividend distribution rights and other decision-making rights.

Mainly through the "participation" of purchasing stocks and capital, a certain amount of shares in a joint-stock company is controlled to control the decision-making authority to operate its business.

Some financial monopoly capitalists use a certain amount of capital to acquire and hold the stocks of a major joint-stock company, using it as the "parent company", and then use the "parent company" as the core to acquire and control other joint-stock companies with a certain amount of control.

shares, making it a "subsidiary", and then the "subsidiary" holds a certain amount of stock in other companies, turning it into a "grandson company", thereby forming a layered control system and increasingly expanding the power of equity

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