State Street Corporation
Approved Evidence
Added to Rotten Company: 8/26/2026
Conduct/Event period: 2010–2011
Ongoing: No
Resolution status: Resolved
Resolution date: September 7, 2017
State Street sanctioned over hidden commissions and markups charged to transition-management clients
Summary
SEC found State Street entities charged hidden commissions and markups to transition-management clients despite representations about disclosed fees. The conduct included concealed charges on equity and fixed-income trades for institutional clients. Source: https://www.sec.gov/litigation/admin/2017/33-10411.pdf
Evidence Weight
100.00
Severity:
Recency Weight: 99.99983084960996
File Weight: 1