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Violation Tracker Individual Record

Company: State Street Corporation
Current Parent Company: State Street Corp.
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $32,300,000
Year: 2017
Date: January 18, 2017
Offense Group: competition-related offenses
Primary Offense: fraud
Violation Description: Massachusetts-based financial services company State Street Corporation entered into a deferred prosecution agreement and agreed to pay a $32.3 million criminal penalty to resolve charges that it engaged in a scheme to defraud a number of the bank's clients by secretly applying commissions to billions of dollars of securities trades.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: Massachusetts
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.