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