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
Document Reference:
33-10410
Document Details
Legal Case Name
In the Matter of State Street Bank and Trust Company
Document Name
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
Document Date
07-Sep-2017
Document Format
Administrative Proceeding
Allegation Type
Other
Document Summary
According to the SEC: "During the period July 2010 through October 2010, State Street provided one GovEx subscriber ("Subscriber A") with a "Last Look" trading functionality ("Last Look") that gave this subscriber a short period of time in which to reject a match to a quote that it had submitted on GovEx. State Street displayed Subscriber A's quotes on GovEx without disclosing to other subscribers that Subscriber A could use Last Look to reject matches on GovEx."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$3,000,000.00
Shared:
