Hedge Funds

Bear Stearns executive asked to provide statement to NYSE


Ron Suber, a managing director in charge of prime brokerage sales at Bear Stearns, was recently asked to provide a statement to New York Stock Exchange investigators examining Bear Stearns' role in processing trades for hedge fund clients that have been implicated in the mutual fund trading scandal. Suber, who heads up the firm's San Francisco office, recently disclosed the NYSE's interest on his brokerage registration statement.

The request for a statement in March came on the back of the dismissal of Brendan Devane, a Bear Stearns senior relationship manager, who also worked with Suber in San Francisco.