Bear Steams to Pay $250 Million for Mutual Fund Timing Violations

Hume, Lynn
March 2006
Bond Buyer;3/17/2006, Vol. 355 Issue 32341, p6
Trade Publication
The article reports on the agreement of Bear, Stearns & Co. and Bear, Stearns Securities Corp. to settle fraud charges with the U.S. Securities and Exchange Commission. Both companies agreed to pay 250 million dollars and take several remedial actions for facilitating unlawful late trading and deceptive market timing.


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