Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Bear, Stearns & Co. Inc.
Current Parent Company: JPMorgan Chase
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $4,950,000
Year: 2004
Date: May 18, 2004
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: NASD censured three major investment banks and imposed monetary sanctions of more than $15 million for engaging in improper Initial Public Offering (IPO) allocation practices.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Notes: FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.