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State Street to Pay SEC $12M in Pay-to-Play Settlement

January 21, 2016 by Louis Chunovic

Boston-based State Street Bank and Trust Co. will pay $12 million to settle SEC charges that it “conducted a pay-to-play scheme through its then-senior vice president and a hired lobbyist to win contracts to service Ohio pension funds.” State Street, a venerable financial institution founded near the end of eighteenth century, describes itself as being… Read More >>

Filed Under: General Interest, AML/Fraud/Financial Crime, Regulation & Compliance, Industry News Tagged With: fines, Mohamed Noure Alo, Pension Funds, SEC, State Street Bank and Trust Co., Vincent DeBaggis

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