Ex-Bear Stearns Managers Cioffi, Tannin to Pay $1.05 Million in SEC Suit

Bloomberg – Former Bear Stearns hedge-fund managers Ralph Cioffi and Matthew Tannin, acquitted in 2009 of criminal charges they misled investors, agreed to pay $1.05 million to settle a related civil case brought by the U.S. Securities and Exchange Commission. Cioffi agreed to pay $800,000 and accept a three-year ban from the securities industry and Tannin agreed to a [...]
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