Summary
BANKING giant Bear Stearns is being investigated over whether it improperly traded with two in-house hedge funds that collapsed last summer.
Massachusetts regulators launched the probe into whether the bank traded mortgage-backed securities for its own account with the hedge funds without notifying the fund's independent directors in advance, the Wall Street Journal reported.See the full content of this document
Extract
Bear Stearns Trades Probed ; Finance
Massachusetts claims jurisdiction because some resid...
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