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.


Related Articles

  • Bear Stearns Settles with SEC for $250M. Paletta, Damian // American Banker;3/17/2006, Vol. 171 Issue 52, p3 

    This article reports on Bear Stearns Cos. and its Bear, Stearns Securities Corp. reaching a $250 million settlement with the Securities and Exchange Commission over allegations of fraud and market timing. The settlement includes a $160 million "disgorgement" and a $90 million fine. The money...

  • Brokerages belly up to the trade clearance bar.  // Bank Investment Consultant;Oct99, Vol. 7 Issue 10, p53 

    Reports on the fraud lawsuit against clearing firm Bear Stearns and Co. Inc. and its possible effect of raising prices due to higher compliance and oversight costs. Case involving trade clearing for defunct brokerage firm A.R. Baron and Co.; Out-of-court settlement by subsidiary Bear Stearns...

  • FBI Agents Arrest Two Bear Hedge Managers. Barney, Lee // Money Management Executive;6/23/20008, Vol. 16 Issue 25, p6 

    The article reports that two Bear Stearns & Co. Inc. hedge fund managers, Ralph Cioffi and Matthew Tannin, have been arrested by the U.S. Federal Bureau of Investigation (FBI) agents. The two hedge fund managers are said to be the first two criminal indictment casualties of the subprime mortgage...

  • GE: Tail wags the dog, as stockholders get pickup duty. MILLER, PAUL B. W.; BAHNSON, PAUL R. // Accounting Today;10/19/2009, Vol. 23 Issue 16, p18 

    The article presents information on the outcome of an investigation, announced by the U.S. Securities and Exchange Commission (SEC) in August 2009, on the alleged fraudulent and deficient accounting by electronics firm GE. The investigation revealed that GE paid a 50-million-dollar fine to...

  • SEC, Spitzer Look Into Bear Stearns' CDO Trading Practices. Pyburn, Allison // Private Placement Letter;7/18/2005, Vol. 23 Issue 28, p8 

    Reports on the investigation conducted by Securities and Exchange Commission and New York Attorney General Eliot Spitzer on the investment bank Bear Stearns Securities Corp. CDO trading with clients in the U.S. Recommendation of SEC Miami office to enforce action against the investment bank for...

  • Bear Stearns Would Pay $250M in Tentative Mutual Fund Settlement. Hume, Lynn // Bond Buyer;2/15/2006, Vol. 355 Issue 32320, p4 

    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...

  • SEC Probes Bear Stearns In Chicago. Shields, Yvette // Bond Buyer;10/19/2004, Vol. 350 Issue 31992, p1 

    Reports on the US Securities and Exchange Commission's investigation of Bear Stearns & Co.'s Chicago, Illinois public finance office. Municipal bond market offering of the company.

  • BEAR STEARNS: Battening Down the Hatches? Sisk, Michael // Securities Industry News;Fall2004 Supp Clearing Quarterly, p6 

    Reports on the action taken by the U.S. Securities and Exchange Commission against Bear Stearns for allegedly assisting hedge funds with improper trading. Similarity of the allegations against Bear Stearns and the Bank of America Broker Dealers Services (BofA BD); Move of the SEC to mull civil...

  • SEC Puts Bear Stearns Under the Microscope. Amend, James M. // Money Management Executive;4/18/2005, Vol. 13 Issue 15, p5 

    The article reports that the U.S. Securities and Exchange Commission is investigating two executives at Bear Stearns Cos. Inc. for improper mutual fund trading. According to HedgeWorld.com, the investigation of Ronald A. Suber, senior managing director and manager of global clearing sales at...


Read the Article


Sign out of this library

Other Topics