State Street to pay $12 mln to settle pay-to-play scheme in Ohio

January 14, 2016 6:40 PM

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WASHINGTON Jan 14 State Street Corp. will pay $12 million to settle allegations that it conducted a pay-to-play scheme to win Ohio pension fund contracts, U.S. regulators said Thursday.

The Securities and Exchange Commission also charged the company's public funds group head and the company's lobbyist in connection with the alleged scheme.

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