WASHINGTON (Reuters) - State Street Corp (N:STT) will pay more than $35 million to settle U.S. charges that it "fraudulently charged secret mark-ups for transition management services," the U.S. Securities and Exchange Commission said in a statement on Thursday.
State Street also agreed to pay a $3 million penalty without admitting or denying findings that its disclosure failures related to its GovEx government securities trading platform violated the law, the SEC statement said.