Tag: Andrew J. Ceresney

sec building
December 09, 2016 BY Valentina Kirilova

Enforcement Director Andrew J. Ceresney to leave SEC

The Securities and Exchange Commission (SEC) announced that Enforcement Director Andrew J. Ceresney will leave the agency by the end of the year. During his nearly four years as head of the agency’s largest division, Mr. Ceresney implemented approaches that strengthened the Division’s investigative and litigation practices and enhanced its effectiveness and impact. Under his…

Read more
July 27, 2016 BY Valentina Kirilova

State Street fined $382 million for applying hidden markups to FX trades in mutual funds

The Securities and Exchange Commission (SEC) has announced that State Street Bank and Trust Company has agreed to pay $382.4 million in a global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency exchange trades. As part of its custody bank line of business, State Street safeguards clients’ financial assets…

Read more