S.E.C.
ORG
S.E.C.
The many of the final act came earlier this current month, when Bear Stearns agreed to a settlement with the Securities and Exchange Commission under which it would pay $250 million to investors for its alleged fund-related transgressions. As is typical in S.E.C. settlements, Bear Stearns agreed to pay all this money without admitting or denying the allegations. The S.E.C. needs to make Wall Street firms start when they do something wrong.