{"id":4528,"date":"2007-11-25T14:44:41","date_gmt":"2007-11-25T14:44:41","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/11\/bear_stearns_is_charged_with_v"},"modified":"2021-09-20T15:44:04","modified_gmt":"2021-09-20T20:44:04","slug":"bear-stearns-is-charged-with-v","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/bear-stearns-is-charged-with-v\/","title":{"rendered":"Bear Stearns is Charged with Violating Securities Laws in Hedge Fund Case"},"content":{"rendered":"

\t\t\t\tThe Massachusetts Securities Division says that Bear Stearns Asset Management Inc. (BSAM) violated securities laws in principal transactions it took part in with two hedge funds that it also advised.<\/p>\n

State securities officials filed an administrative complaint against the company earlier this month. In the complaint, Bear Stars is charged with taking part in improper trading activities in the Enhanced Leverage Fund and the Bear Stearns High Grade Structured Credit Strategies Fund. Both funds fell into bankruptcy over the summer.<\/p>\n

The complaint claims that BSAM traded securities from its account into the two founds without permission from the client funds’ independent directors. Consent is necessary under state and federal securities laws and BSAM’s own prospectus and representations.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Massachusetts Securities Division says that Bear Stearns Asset Management Inc. (BSAM) violated securities laws in principal transactions it took part in with two hedge funds that it also advised. State securities officials filed an administrative complaint against the company earlier this month. In the complaint, Bear Stars is charged with taking part in improper […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3807],"tags":[],"class_list":["post-4528","post","type-post","status-publish","format-standard","hentry","category-bear-stearns"],"yoast_head":"\nBear Stearns Charged with Violating Securities Laws | Securities Fraud Attorney<\/title>\n<meta name=\"description\" content=\"Bear Stearns Asset Management Inc charged with violating securities laws in principal transactions it took part in with two hedge funds that it also advised\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/bear-stearns-is-charged-with-v\/\" \/>\n<meta name=\"twitter:card\" 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