Year: 2018

The former Senior Managing Director and Global Head of State Street Corporation’s Transition Management line was found guilty by a jury of conspiracy and securities fraud. U.S. v. McLellan, No. 1:16-cr-10094 (D. Mass.). Defendant Ross McLellan was found guilty of …

State Street Senior Managing Director Convicted of Securities Fraud Read More »

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There has been much debate regarding the adoption of a fiduciary standard for brokers. In contrast, investment advisers have long been subject to such to such requirements. Brokers are, however, required to have a reasonable basis when they make a …

SEC, Wells Fargo Advisors Settle Sales Practice Charges Read More »

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