State Street To Pay Over $64M To Settle Justice Department, SEC Fraud Charges

(January 18, 2017, 4:16 PM EST) -- WASHINGTON, D.C. — State Street Corp. will pay more than $64 million in criminal penalties to the U.S. Department of Justice and the Securities and Exchange Commission to settle charges that it engaged in a scheme to defraud a number of its clients by “secretly applying commissions to billions of dollars of securities trades,” according to a Justice Department press release issued on Jan. 18....

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