The deal will increase the mountain of assets at State Street — already one of the world's top custody banks — to $37.3 trillion.
For several months, SEC examiners have been demanding that money managers explain the standards they use for classifying funds as environmental, social and governance-focused.
The regulator sued five BitConnect promoters in May for their roles in promoting the scheme by creating testimonials on YouTube, sometimes multiple times a day.
Researchers have raised questions about the credentials of money managers who claim they are marketing funds designed to address the climate crisis and social injustice.
The firm has pushed its return-to-office date back to the middle of October, after having asked some employees to return to work next week.
Regulators are privately signaling that they're still not satisfied with the bank's progress in compensating victims and shoring up controls.
The hiring push is the fund company’s third in less than a year, reflecting the boom in individual investing that has lifted the entire trading industry.
Cooper, the company's chief investment officer, succeeds Dennis Glass, who has been chief executive since 2007.
Carrie Tolstedt, who was a senior vice president at the bank, cited her constitutional right against self-incrimination more than 100 times in a response filed to an SEC complaint claiming she misled investors.
While the central bank could begin reducing its monthly bond purchases this year, the Fed chairman said it won't be in a hurry to begin raising interest rates.
