State Street replies that "since the overcharging was discovered [we] have substantially enhanced our controls."
Tag: Securities and Exchange Commission
Participants in non-ERISA 403(b) plans could be considered "retail customers" under a section of the SEC's proposal, a law alert warns.
The brokerage firm will pay more than $15 million in settlement.
The Commission is also seeking public feedback on fund disclosure and the fees that intermediaries charge funds for delivering fund reports.
Instead of making the disclosure on Form N-PORT on a quarterly basis, firms would discuss their liquidity risk programs in their annual statements.