Edward Pennings, a former State Street Corp. executive in the company’s London office, on Monday pleaded not guilty to securities fraud charges in federal court in Boston.
Pennings, a Dutch citizen, was released on $2 million bond, according to court filings.
Pennings and another former State Street executive, Ross McLellan of Hingham, were indicted in April in an alleged scheme to overcharge six large clients for trading commissions.
McLellan pleaded not guilty in April.
State Street, a Boston-based investment giant and custody bank, in 2014 agreed to pay $37.5 million to settle allegations in the matter with regulators in the United Kingdom.
Reuters first reported on Pennings’ appearance.
Agency says it wants to help more people become homeowners in one of the nation’s most costly real estate markets.Continue reading »
The troubled retailer is bringing its “store within a store” concept to Massachusetts.Continue reading »
The building will rise 484 feet above the Massachusetts Turnpike.Continue reading »
The little-known company, a comparison shopping site for auto insurance, looks almost nothing like a hot consumer technology firm.Continue reading »
It’s so easy to become complacent when times get better.Continue reading »
The attraction of top medical schools and research institutions makes it easier to pay physicians less.Continue reading »
The income and home-ownership divide between Latino and white residents is worse here than in any other state.Continue reading »
Massachusetts allows cash-strapped homeowners over age 65 to defer paying property taxes, a way to stay in their homes amid rising tax bills.Continue reading »
Dan Bosley still remembers the expensive suits, the pinky ring, and the way John Connolly walked around like he was somebody.Continue reading »