Bear Stearns Prime Brokerage Exec Leaves

Ron Suber, a top Bear Stearns(BSC Quote) executive and one of several employees implicated by securities regulators in the mutual fund trading scandal, is leaving his job.

Suber, who was responsible for overseeing Bear Stearns' prime brokerage hedge fund business, is taking a job with Spectrum Global Fund Administration, a hedge fund administration firm.

Suber, a senior managing director in Bear Stearns' San Francisco office, was one of nine current and former Bear Stearns employees to receive a so-called Wells notice from the Securities and Exchange Commission in conjunction with the mutual fund investigation. The SEC sends Wells notices to individuals and companies it is considering bringing an enforcement action against. ...