The New York Times carries a Reuters story entitled, "Father and Son Cleared of Civil Fraud in Fund Case". It says, "Bruce Bent, a money-market pioneer, was cleared on Monday of civil fraud charges that he misled investors in the early days of the 2008 financial meltdown, a blow to regulators in one of the few cases accusing individuals on Wall Street of wrongdoing during the crisis. A jury rejected all of the charges against Mr. Bent following a monthlong trial in United States District Court in Manhattan. His son, Bruce Bent II, was also cleared of violating civil securities laws but was found liable on one negligence claim. Two entities tied to the Bents were also found liable on some charges. The Securities and Exchange Commission accused the Bents of lying to investors and fund trustees in attempts to stop a run on their Reserve Fund in September 2008."

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