WASHINGTON AP - The Securities and Exchange Commission is examining the near-collapse of two Bear Stearns hedge funds that made bad bets on the mortgage market, a person familiar with the matter said Wednesday.The SEC inquiry is "informal" at this point and has not resulted in any subpoenas or formal document requests, according to this person, who spoke about the matter on condition of anonymity.
June 27, 2007 at 12:00 AM
1 minute read
WASHINGTON AP – The Securities and Exchange Commission is examining the near-collapse of two Bear Stearns hedge funds that made bad bets on the mortgage market, a person familiar with the matter said Wednesday.
The SEC inquiry is “informal” at this point and has not resulted in any subpoenas or formal document requests, according to this person, who spoke about the matter on condition of anonymity. The probe was first reported Wednesday by The Wall Street Journal.
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