The Traderszone Network

Published in TZ Latest News 6 April, 2016 by The TZ Newswire Staff

Ex-State Street Execs Charged In Defrauding Scheme

The Justice Department said on Tuesday (April 5) that two executives of State Street, a Boston financial services firm — among the largest asset managers globally, as well as being one of the largest custody banks — were charged in a scheme to “defraud at least six of the bank’s clients through secret commissions applied to billions of dollars of securities trades,” the agency noted in a release.

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