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Channel: Crime - The Patriot Ledger, Quincy, MA
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State Street pays $64 million to settle fraud investigation

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State Street Corp., the Boston-based international financial services company, has agreed to pay a $32.3 million criminal penalty to resolve charges that it engaged in a scheme to defraud a number of the bank’s clients by secretly applying commissions to billions of dollars of securities trades. State Street also agreed to offer an equal amount as a civil penalty to the U.S. Securities and [...]

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