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Browse: Home / 2008 / December / 11 / SEC Proposes Plan to Distribute $250 Million Fair Fund in Bear Stearns Market Timing Case

SEC Proposes Plan to Distribute $250 Million Fair Fund in Bear Stearns Market Timing Case

By Securities Docket on December 11, 2008, 6:56 am

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.

Read the Proposed Plan of Distribution

Posted in SEC | Tagged Fair Funds

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