Violation Tracker Individual Record

Company: 
State Street Bank and Trust Company
Current Parent Company: 
State Street Corp.
Penalty: 
$35,300,000
Year: 
2017
Date: 
September 7, 2017
Primary Offense: 
investor protection violation
Violation Description: 

State Street agreed to pay more than $35 million to settle allegations 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.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Massachusetts
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.