Bear Stearns To Pay $250M In Market Timing Case

Law360, New York (December 16, 2005, 12:00 AM EST) -- Global investment bank Bear Stearns has agreed to pay $250 million to settle allegations of improper trading practices, becoming the latest Wall Street firm to pay fines related to the market timing scandal that rocked the mutual fund industry in 2003.

The settlement, which comes after two years of negotiations with the Securities and Exchange Commission and the New York Stock Exchange, is one of the highest reached in the wake of the scandal.

Although the fine will settle the charges against the firm, several Bear...
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