Updated from 1:52 p.m. EST
The investigation into Bear Stearns'(BSC Quote) role in the mutual fund trading scandal is getting personal, with regulators pursuing charges against current and former Bear Stearns employees.
Federal securities regulators have notified at least four current and former employees at the big Wall Street firm that they could face civil charges for assisting hedge funds engaged in abusive trading of mutual fund shares.
The Securities and Exchange Commission served so-called Wells notices on at least three former brokers and Peter R. Murphy, a senior managing director and one of the highest ranking executives in Bear's big clearing and operations division, according to broker registration records. The notices were issued in January. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet