Defendant Name:
Bear, Stearns & Co. Inc.
Defendant Type:
Subsidiary of Public Company
Document Reference:
LR-18109
Document Details
Legal Case Name
Securities and Exchange Commission v. Bear, Stearns & Co. Inc.
Document Name
SEC Sues Bear Stearns for Research Analyst Conflicts of Interest; Firm to Settle with SEC, NASD, NYSE, NY Attorney General, and State Regulators
Document Date
28-Apr-2003
Document Format
Civil Proceeding
Case Number
03-cv-02937
Federal District Court
New York, Southern District of New York
Allegation Type
Investment Advisers/Investment Companies
Document Summary
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. "
Disgorgement & Penalty Information
Resolutions
Enjoinment
Compliance Related Independent Consultant
Other Compliance Related Undertaking
Required to sever the links between research and investment banking