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Violation Tracker Individual Record

Company: State Street Bank and Trust Co.
Current Parent Company: State Street Corp.
Penalty: $6,250,000
Year: 2012
Date: September 6, 2012
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: investor protection violation
Violation Description: State Street agreed to pay over $6 million to settle litigation alleging it misled customers to invest in a mutual fund tied to the risky subprime mortgage market.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:08md1945
Case Name: In re: State Street Bank and Trust Co. Fixed Income Funds Investment Litigation
Private Lawsuit Resolution Type: settlement
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)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.