Another ex-State Street worker arrested over allegedly hidden fees


A former executive at State Street Corp. was arrested Friday in connection with his role in an alleged scheme to secretly charge a client higher commissions than it had been told to expect.

Massachusetts resident Kevin Walker, a State Street (NYSE: STT) employee from 2004 to 2015, has been charged with conspiracy to commit wire fraud in federal court in Boston. He is at least the fourth employee of the Boston-based financial giant to be charged in recent years with fraudulently imposing fees on…

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