|
|
Bear Stearns Settles SEC Action
Bear Stearns has agreed to pay a $5 million fine and $20 million in restitution to customers of the now defunct brokerage firm A. R. Baron.
Bear Stearns cleared or processed trades for the firm. The SEC has alleged that Bear Stearns knew, or was reckless or negligent in not discovering, the frauds that A. R. Baron perpetrated on its customers. Details of the settlement are being negotiated.
Source: Wall Street Journal, June 29, 1999
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Research
|
Calendar
|
Contact
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2005-2007 FinancialCounsel.com, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
