On December 8, the SEC gave notice of its proposed plan for the distribution of the $250 million Fair Fund in the Bear, Stearns & Co., Inc. matter relating to certain mutual fund market timing and late trading activity. The SEC proposes to distribute the Fair Fund pursuant to a distribution plan developed by Independent Distribution Consultant Francis McGovern, and with Rust Consulting serving as the Fund Administrator.
‘Enforcement 40’ for 2020
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