![General-Featured-Image-678](https://library.solari.com/wp-content/uploads/2020/12/General-Featured-Image-678.jpg)
The U.S. Securities and Exchange Commission may seek sanctions against two former State Street Corp. executives accused of misleading investors in a bond fund involved in a $313 million settlement with the agency.
John Flannery and James Hopkins “played an instrumental role” in letters touting as safe a fund that was almost entirely invested in securities and derivatives backed by the subprime mortgages, the SEC said yesterday. State Street, the second-largest money manager for institutions, resolved related claims in February without admitting or denying the allegations.