Skip to content
Subscriber Only

SEC Investigates State Street Foreign-Exchange Pricing

State Street Corp., the third-largest custody bank, is being investigated by the U.S. Securities and Exchange Commission over its pricing of some foreign-exchange services, an issue that has drawn legal action from whistle-blowers and state officials.

The SEC, attorneys general and U.S. Attorney’s offices “have made inquiries or issued subpoenas concerning our foreign-exchange pricing,” the Boston-based company said in a regulatory filing made public May 9.