SEC on the hunt for rumormongers
The regulator has subpoenaed firms suspected of spreading rumors about Bear Stearns, contributing to its collapse.
The Securities and Exchange Commission has issued subpoenas in recent weeks to some Wall Street giants and hedge fund managers, searching for information on the suspected rumors that some say led to the fall of The Bear Stearns Cos. Inc., according to published reports.
The investment banks subpoen
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