State Street Bank and Trust officials said in an
SEC filing Monday that they received a Wells Notice from the SEC regarding
State Street Global Advisors' management of fixed income strategies in 2007 and prior periods.
According to the notice, SEC staffers intend to ask commissioners' permission to bring civil action against State Street for possible violations of securities laws.
The SEC declined to comment any further on the matter, and a State Street representative was not immediately available for comment. 
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