Defendant Name: State Street Bank and Trust Company

Defendant Type: Subsidiary of Public Company
Public Company Parent: State Street Corporation
SIC Code: 6022
CUSIP: 85747710

Initial Case Details

Legal Case Name In the Matter of State Street Bank and Trust Company
First Document Date 04-Feb-2010
Initial Filing Format Administrative Action
File Number 3-13776
Allegation Type Securities Offering

Violations Alleged

Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)

Resolutions

First Resolution Date 04-Feb-2010

Related Documents:

2010-21 04-Feb-2010 Press Release--Administrative Proceeding
SEC Charges State Street For Misleading Investors About Subprime Mortgage Investments; Boston-Based Firm to Settle Charges by Repaying Fund Investors More Than $300 Million
On February 4, 2010, the SEC announced in a Press Release that it: "charged Boston-based State Street Bank and Trust Company with misleading its investors about their exposure to subprime investments while selectively disclosing more complete information to specific investors."
33-9107 04-Feb-2010 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Making Findings, and Imposing a Cease-and-Desist Order
On February 4, 2010, the SEC instituted settle cease-and-desist proceedings against State Street Bank and Trust Company. According to the SEC: "During the subprime mortgage crisis in 2007, State Street engaged in a course of business that mislead investors about the extent of subprime mortgage-backed securities held in certain unregistered funds under its management. As a result of State Street's conduct, investors in State Street's funds lost hundreds of millions of dollars during the subprime meltdown in mid-2007."

Related Actions:

SEC v. State Street Bank and Trust Company
State Street Bank and Trust Company
In the Matter of John P. Flannery, and James D. Hopkins
John P. Flannery
James D. Hopkins