Violation Tracker Individual Record
Company:
State Street Bank
Current Parent Company:
State Street Corp.
Penalty:
$11,700,000
Year:
2010
Date:
October 26, 2010
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
State Street Bank agreed to pay $11.7 million to the Washington State Investment Board to settle a contract dispute over the pricing of foreign exchange transactions executed between 1997 and 2007 while State Street was the custody bank for the WSIB.
Level of Government:
state
Action Type:
agency action
Agency:
Washington Attorney General
Civil or Criminal Case:
civil
Facility State:
Washington
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.
