In a recent filing, State Street, the Boston, Mass.-based institutional investor services firm, revealed that the Securities and Exchange Commission (SEC) and other federal authorities have inquired about its past foreign exchange practices.
On May 9, the firm with more than $22.6 trillion in assets under custody, and more than $2.1 trillion under its management wing, said in the SEC filing that state Attorney General’s, “the U.S. Attorney’s offices, the SEC and other regulators, have made inquiries or issued subpoenas concerning our foreign exchange pricing.”
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