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…

Previous Local financial advisers top Barron’s Missouri, Kansas lists
Next New Globeville apartment project to provide housing for people with disabilities, low incomes

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *