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Gerald Segal is a Managing Director at LeapRate, which provides analysis of the Online Forex Trading world. Gerald's reports are a leading source of information on the size, growth and regulation of the Online Forex industry. Prior to founding LeapRate Gerald was an investment banker for 18... More
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LeapRate
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LeapRate's Forex Industry News
  • State Street Bank being investigated for FX practices 0 comments
    Feb 28, 2012 3:00 AM | about stocks: STT, BK, FX

    "Indirect foreign exchange" execution methods under scrutiny.

    State Street_logoState Street Bank revealed today in its annual 10-K filing (see page 20) with the SEC that the New York Attorney General has "made inquiries to us about our indirect foreign exchange execution methods."

    State Street further expects that plaintiffs will "seek to recover their share of all or a portion of the revenue recorded from providing indirect foreign exchange services." For 2011 that was about $331 million.

    For more details see LeapRate's Forex Industry News at leaprate.com.

    Get noticed_in_LeapRate_FYP
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