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they have been fined over USD $1.2 but the real question is that...

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Mkash

61 Posts.

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20/06/22

20:51

Post #: 62101043
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Originally posted by Gwaihir: ↑

Corporate Violation Tracker shows that State Street have been prosecuted for 21 corporate and investment violations since 2000, that's almost one (1) per year.

Their total fines have added up to over USD $1.2 Billion American Dollars in that time.
Actually, USD $1,217,354,917

https://violationtracker.goodjobsfirst.org/parent/state-street-corp

View attachment 4452316

State Street Corporation to Pay $115 Million Criminal Penalty and Enter Into Deferred Prosecution Agreement in Connection With Scheme to Overcharge Custody Customers.
(The United States Attorney's Office - District of Massachusetts - 2021).

https://www.justice.gov/usao-ma/pr/...iminal-penalty-and-enter-deferred-prosecution

State Street to pay $382 million for foreign currency exchange fraud.
(Compliance Week - 2016).

https://www.complianceweek.com/stat...foreign-currency-exchange-fraud/10524.article

Of course, to any reasonably intelligent person, the obvious question is why are these corporations still permitted to trade in the investment markets - it belies belief?

Gw

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they have been fined over USD $1.2 but the real question is that how much have they made in the process…
the mentality for these guys is that if they can make more than the expected fines, they will continue this.

FFX Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

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