Defendant Name:
State Street Bank and Trust Company
Defendant Type:
Subsidiary of Public Company
Document Reference:
2017-159_3-18158
Document Details
Legal Case Name
In the Matter of State Street Bank and Trust Company
Document Name
State Street Paying Penalties to Settle Fraud Charges and Disclosure Failures
Document Date
07-Sep-2017
Document Format
Administrative Proceeding
Allegation Type
Other
Document Summary
The SEC announced in a press release on September 7, 2017 that "State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups for transition management services and separately omitted material information about the operation of its platform for trading U.S. Treasury securities."