Defendant Name: Bear, Stearns & Co. Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Bear Stearns Companies, Inc.
SIC Code: 6211
CUSIP: 07390210

Initial Case Details

Legal Case Name SEC v. Bear, Stearns & Co. Inc.
First Document Date 28-Apr-2003
Initial Filing Format Civil Proceeding
Case Number 03-cv-02937
Allegation Type Investment Advisers/Investment Companies
Federal District Court New York, Southern District of New York

Violations Alleged

Rules 2110, 2210(d)(1)(A), 3010 NASD; Rules 342, 401, 472, 476(a)(6) NYSE


First Resolution Date 28-Apr-2003
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

comp18109 28-Apr-2003 Complaint
According to the SEC: "From July 1, 1999 to June 30, 2001 (the "relevant period") certain research analysts at Bear Stearns were subjected to investment banking influences and conflicts of interest between supporting investment banking business and publishing objective research. In addition, research analysts at Bear Stearns were encouraged to participate in investment banking activities, and that was a factor considered in the analysts' compensation system. Bear Stearns also made a payment to another securities firm primarily for research coverage for an investment banking client."
LR-18109 28-Apr-2003 Litigation Release
SEC Sues Bear Stearns for Research Analyst Conflicts of Interest; Firm to Settle with SEC, NASD, NYSE, NY Attorney General, and State Regulators
According to the SEC: "The Securities and Exchange Commission announced today that it has settled charges against Bear, Stearns & Co. Inc., a New York-based brokerage firm and investment bank, arising from an investigation of research analyst conflicts of interest. This settlement, and settlements with nine other brokerage firms, are part of the global settlement the firms have reached with the Commission, NASD, Inc., the New York Stock Exchange, Inc. ("NYSE"), the New York Attorney General, and other state regulators. "
judg18109 15-Aug-2003 Court Docket Document
Final Judgment as to Defendant Bear, Stearns & Co. Inc.
The Court stated: "Plaintiff Securities and Exchange Commission ("Commission") having tiled a Complaint in this action ("Complaint") and Defendant Bear, Steams & Co. Inc. ("Defendant") having (a) entered a general appearance, (b) consented to the Court's jurisdiction over Defendant and the subject matter of this action, (c) consented to entry of this Final Judgment without admitting or denyng the allegations of the Complaint (except as to jurisdiction), (d) waived findings of fact and conclusions of law, and (e) waived any right to appeal from this Final Judgment; and the Commission having agreed that, on the basis of this Final Judgment, it will not institute a proceeding against Defendant pursuant to Sections 15(b), 15B, 15C, or 19(h) of the Securities Exchange Act of 1934 (the "Exchange Act")."
LR-21457 19-Mar-2010 Litigation Release
Court Approves Modifications to Global Research Analyst Settlement
On March 19, 2010, the SEC published a litigation release announcing that the Honorable William H. Pauley issued an order approving modifications to the final judgments entered against Bear, Stearns & Co. Inc. and the other firms covered by the Global Research Analyst Settlement.