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)


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
In the Matter of John P. Flannery, and James D. Hopkins