SEC v. BEAR
Classified unclassified. No EDGAR filing fingerprint (criminal/DOJ-side scheme). detection rule →
Parties
Securities and Exchange CommissionJ.P. MORGAN SECURITIES INC
Keywords
securities exchangeexchange commissionsecuritiescv-exchangecommissionsecdocument pagezachary avalloneincdocumentwhppagecommission morganpage securities
Extracted insights
Entities 12
- company bear stearns & co. inc.
- company citigroup global markets inc.
- company credit suisse first boston llc
- company deutsche bank securities inc.
- company goldman, sachs & co.
- company j.p. morgan securities inc.
- company lehman brothers inc.
- company merrill lynch, pierce, fenner & smith inc.
- company morgan stanley & co. incorporated
- agency Securities and Exchange Commission
- company ubs securities
- court united states district court
Triples 16
- Securities And Exchange Commission consents to the relief sought by the motions
- Securities And Exchange Commission agrees that the final judgments should be modified
- Defendants filed an unopposed motion
- Defendants filed a motion pursuant to Rule 60(b)
- Defendants filed a motion to modify final judgments
- Bear Stearns & Co. Inc. is a Defendant
- J.P. Morgan Securities Inc. is a Defendant
- Lehman Brothers Inc. is a Defendant
- Merrill Lynch, Pierce, Fenner & Smith Inc. is a Defendant
- UBS Securities is a Defendant
- Goldman, Sachs & Co. is a Defendant
- Citigroup Global Markets Inc. is a Defendant
- Credit Suisse First Boston LLC is a Defendant
- Morgan Stanley & Co. Incorporated is a Defendant
- Deutsche Bank Securities Inc. is a Defendant
- United States District Court is the Southern District of New York
PDF
Text layers
Extracted body text (140c)
[OCR_UNRECOVERABLE method=recover reason=missing_pdf ts=2026-08-11T14:53:34.775Z]
OCR text (5,117c · recover-missing_pdf · 0% conf)
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
No. 1:03-cv-2937
v.
BEAR, STEARNS & CO. INC.,
Defendant.
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
v.
J.P. MORGAN SECURITIES INC.,
Defendant.
No. 1:03-cv-2939
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
v.
LEHMAN BROTHERS, INC.,
Defendant.
No. 1:03-cv-2940
Case 1:03-cv-02945-WHP Document 159 Filed 12/05/25 Page 1 of 5
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
v.
MERRILL LYNCH, PIERCE, FENNER & SMITH
INC.,
Defendant.
No. 1:03-cv-2941
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
v.
UBS SECURITIES f/k/a UBS WARBERG LLC,
Defendant.
No. 1:03-cv-2943
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
v.
GOLDMAN, SACHS & CO.,
Defendant.
No. 1:03-cv-2944
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
v.
CITIGROUP GLOBAL MARKETS INC., f/k/a
SALOMON SMITH BARNEY,
Defendant.
No. 1:03-cv-2945
Case 1:03-cv-02945-WHP Document 159 Filed 12/05/25 Page 2 of 5
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
v.
CREDIT SUISSE FIRST BOSTON LLC, f/k/a
CREDIT SUISSE FIRST BOSTON
CORPORATION,
Defendant.
No. 1:03-cv-2946
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
v.
MORGAN STANLEY& CO. INCORPORATED,
Defendant.
No. 1:03-cv-2948
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
v.
DEUTSCHE BANK SECURITIES INC.,
Defendant.
No. 1:04-cv-6909
NOTICE REGARDING DEFENDANTS’ RULE 60(b) MOTION TO MODIFY
ADDENDUM A OF GLOBAL RESEARCH SETTLEMENT
On December 5, 2025, Defendants filed an unopposed motion pursuant to
Rule 60(b) of the Federal Rules of Civil Procedure to modify final judgments in the
above-captioned cases.
Case 1:03-cv-02945-WHP Document 159 Filed 12/05/25 Page 3 of 5
Without adopting or joining Defendants in their motions, the Securities and
Exchange Commission (SEC) consents to the relief sought by the motions and
agrees that the final judgments should be modified as reflected in the proposed
orders submitted by each respective Defendant. In so doing, the SEC notes
the provisions of the Judgment that specifically contemplate future modification—
see Judgment, Addendum A, Section II.7 (with respect to any term of the injunctive
relief undertakings not explicitly superseded by an SEC or self-regulatory
organization rule, it was the expectation of the SEC that it would agree to an
amendment or modification of Addendum A, “subject to Court approval, unless the
SEC believes such amendment or modification would not be in the public
interest.”)—and the passage of FINRA Rule 2241, which addresses the same issues
and concerns as the Judgment.
Based on these unique facts and circumstances, the SEC believes
modification of the Judgment is in the public interest.
Dated: December 5, 2025 Respectfully submitted,
/s/ Zachary A. Avallone
Zachary A. Avallone
(pro hac vice pending)
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Tel: (202) 551-4479
Email: [email protected]
Case 1:03-cv-02945-WHP Document 159 Filed 12/05/25 Page 4 of 5
CERTIFICATE OF SERVICE
I certify that on December 5, 2025, I caused a copy of the foregoing document
to be filed through the Court’s ECF system, which will serve a copy on all counsel of
record.
/s/ Zachary A. Avallone
Zachary A. Avallone
Case 1:03-cv-02945-WHP Document 159 Filed 12/05/25 Page 5 of 5