Defendant Name:
Bear, Stearns & Co. Inc.
Defendant Type:
Subsidiary of Public Company
Document Reference:
judg18109
Document Details
Legal Case Name
SEC v. Bear, Stearns & Co., Inc.
Document Name
Final Judgment as to Defendant Bear, Stearns & Co. Inc.
Document Date
15-Aug-2003
Document Format
Civil Proceeding
Case Number
03-cv-02937
Federal District Court
New York, Southern District of New York
Federal District Judge
William H. Pauley III
Allegation Type
Investment Advisers/Investment Companies
Document Summary
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")."
Disgorgement & Penalty Information
Resolutions
Enjoinment
Compliance Related Independent Consultant
Monetary Penalties:
Disgorgement
Individual:
$25,000,000.00
Shared:
Civil Penalty
Individual:
$25,000,000.00
Shared:
Independent Research ($25 million) and Investor Education ($5 million)
Individual:
$30,000,000.00
Shared:
Total Penalty
Individual:
$80,000,000.00
Shared: