/regulation
NYSE Regulation (NYSE) announced today that it has censured and fined Bear, Stearns & Co. Inc. of New York, New York (Bear Stearns), a member firm, $1.5 million for trading violations in connection with index arbitrage trading; failure to supervise suspicious brokerage accounts; and improper communications by a research analyst whose remarks, made during a presentation for an initial public offering (IPO) that was broadcast as part of an Internet road show, did not present fair and balanced information.