State Street Corp. received some bad news from the U.S. Securities and Exchange Commission, receiving a Wells notice regarding its solicitation of business in the public pension plan domain. State Street: Wells notice investigation said to center on use of lobbyists The SEC is investigating how State Street used lobbyists and consultants to influence the decision making process, a growing focus of SEC enforcement actions. Federal rules prohibit an asset manager from contributing to a political campaign where the official has authority over pension assets the firm manages. “Since 2012, we’ve eliminated the hiring of lobbyists and consultants for our…
State Street On The Hot Seat, Receives Wells Notice
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.