Bear Stearns Not Out Of The Woods Yet: SEC

Law360, New York (March 18, 2008, 12:00 AM EDT) -- Upbeat statements Bear Stearns Cos. made on its finances in the months before it came apart at the seams may yet spark investigations, or even enforcement actions, by securities regulators. At least, the U.S. Securities and Exchange Commission isn't ruling out the possibility.

In a rare admission, the SEC released a statement Tuesday saying the agency's enforcement division had written a letter, declining to “provide assurances about possible future enforcement actions,” to key parties during the whirlwind negotiations of the sale of Bear Stearns to JP...
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