• SEC Sanctions SSRM for Failure to Properly Implement Redemption Fee
  • December 9, 2005 | Authors: Alan Rosenblat; Keith T. Robinson
  • Law Firms: Dechert LLP - Washington Office ; Dechert LLP - Philadelphia Office
  • On September 23, 2005, the Securities and Exchange Commission (the "SEC") issued an Order requiring State Street Research & Management Company ("SSRM") to pay $285,743 to State Street Research International Equity Find (the "Fund"), and imposed a civil penalty of $300,000 on SSRM for failure to implement the Fund's redemption fee requirements properly (the "order").