TITLE

Bear Stearns Would Pay $250M in Tentative Mutual Fund Settlement

AUTHOR(S)
Hume, Lynn
PUB. DATE
February 2006
SOURCE
Bond Buyer;2/15/2006, Vol. 355 Issue 32320, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Bear, Stearns & Co. Inc. has hired independent consultants to review aspects of its mutual fund trading and global clearing operations. This move of the company is in a tentative agreement negotiated with the enforcement staff of the Securities and Exchange Commission and the New York Stock Exchange. Its parent company has disclosed the agreement in its 10-K annual financial report for the fiscal year ending November 30, 2005.
ACCESSION #
20472514

 

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