Violation Tracker Individual Record

Company: 
State Street Global Advisors
Current Parent Company: 
State Street Corp.
Penalty: 
$5,000,000
Year: 
2012
Date: 
February 28, 2012
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

State Street agreed to pay a $1,456,174 administrative penalty and disgorge to the Commonwealth $3,543,826 of its fees, profits and commissions, in settlement of allegations that when acting as Investment Manger for Carina CDO Ltd. it made misleading omissions in connection with the offer, sale or purchase of securities, which operated as a fraud or deceit.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Massachusetts Securities Division
Civil or Criminal Case: 
civil
Facility State: 
Massachusetts
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.