Massachusetts’ chief securities regulator is investigating State Street over its handling of FX, Pensions & Investments reports. Secretary of the Commonwealth, William Galvin, has been reviewing the trades for two months. The state of California and the $9.6 billion Arkansas Teacher Retirement System, Little Rock, has also filed a lawsuit against State Street for alleged fraud involving the pricing of some FX transactions. The stat is seeking more than $200 million in damages and penalties.
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