
State Street Bank agreed to pay approximately $310 million in restitution to investors and a $10 million penalty to the Commonwealth as part of a settlement of allegations it Deceived/Defrauded fund investors about the riskiness of their investments and did not disclose information necessary for investors to decide on remaining in collective trust funds it managed. The settlement was also announced by the SEC; For more info visit https://web.archive.org/web/20100321213353/http://www.mass.gov/?pageID=cagopressrelease&L=1&L0=Home&sid=Cago&b=pressrelease&f=2010_02_04_state_street_settlement&csid=Cago