TITLE

Bear Again Under Regulatory Gun

PUB. DATE
July 2005
SOURCE
Investment Dealers' Digest;7/18/2005, Vol. 71 Issue 28, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that Bear Stearns Cos. Inc. is again under the investigation by New York Attorney General Eliot Spitzer and the U.S. Securities and Exchange Commission. According to information from Bear's regulatory filings and a Reuters story citing an unnamed source, the client, an institutional investor who started the probe after complaining to Spitzer's office, allegedly discovered that the collateralized debt obligations pricing was flawed after it tried the sell the securities back to Bear and discovered that they were worth much less than Bear had previously indicated.
ACCESSION #
17642160

 

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