LATEST

State Street to pay $382.4m to settle SEC claims

SEC Building

The Securities and Exchange Commission has announced that State Street Bank and Trust Company has agreed to pay $382.4m in a global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency exchange trades.

Barclays to pay to settle over mutual funds

Barclays Sign

Barclays will pay more than $13.75m to settle U.S. regulatory charges that it let retail brokerage customers make unsuitable mutual fund transactions, including more than 6,100 fund switches, over a five-year period.

JPMorgan receives subpoenas

SEC Building

JPMorgan received subpoenas and inquiries from the U.S. Securities and Exchange Commission and other regulators about how it sells its own mutual funds and other proprietary products.

HOT LIST

FEATURED

SEC Building

State Street to pay $382.4m to settle SEC claims

The Securities and Exchange Commission has announced that State Street Bank and Trust Company has agreed to pay $382.4m in a global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency exchange trades.