Ex-Bear Stearns execs pay fines, accept bans
WASHINGTON (AP) — Two former Bear Stearns executives reached settlements Monday with federal regulators over civil charges they mislead investors about risky mortgage securities when the housing market was collapsing.
The Securities and Exchange Commission said Ralph Cioffi will pay $800,000 and be barred from the industry for three years, and Matthew Tannin will pay $250,000 and be banned for two years. The dea...
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