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KM Financial Solutions | UPDATE 1-State Street pays $88.8 mln to settle U.S. SEC charges over hidden fund markups
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UPDATE 1-State Street pays $88.8 mln to settle U.S. SEC charges over hidden fund markups

26 Jun UPDATE 1-State Street pays $88.8 mln to settle U.S. SEC charges over hidden fund markups

Posted at 17:38h in News by
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State Street Corp agreed to pay
$88.8 million to settle U.S. Securities and Exchange Commission
charges it routinely overcharged mutual fund customers and other
clients over roughly 17 years by adding hidden markup costs for
back-office expenses.

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