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Probes focus on a State Street bond fund

Clients say high risks of securities hidden

By Beth Healy
Globe Staff / April 30, 2009

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State and federal regulators are investigating State Street Corp. to see if it misled clients about a bond fund that was supposed to be low-risk, but which invested in mortgage securities that produced large losses, according to an official involved in the probe. (Full article: 442 words)

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