Tuesday, 10 July 2007

Bear Stearns says SEC ends probe into muni sales

(Reuters) - Bear said it received a letter on June 4 that the SEC had
completed its investigation. It disclosed the letter in its
quarterly report filed with the agency on Tuesday.




The news was a positive during a difficult time for Bear,
which manages two hedge funds that have faced huge redemption
requests after suffering big declines earlier this year. Bear
bailed one out and said it would let the other one fail.


Read more at Reuters.com Government Filings News

No comments: