Violation Tracker Individual Record

Company: 
Bear, Stearns & Co., Inc.
Current Parent Company: 
JPMorgan Chase
Penalty: 
$250,000,000
Year: 
2006
Date: 
March 16, 2006
Primary Offense: 
securities issuance or trading violation
Violation Description: 

Bear, Stearns & Co., Inc. and Bear, Stearns Securities Corp. agreed to pay $250 million to settle allegations of securities fraud for facilitating unlawful late trading and deceptive market timing of mutual funds by its customers and customers of its introducing brokers.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.