Calpers claims mismanagement and fraud by State Street Bank who denies everything. Calpers claims they were charged the highest rate on the days stocks were traded. So if the trade was made at 11 am and the rate was $21.45 State Street Bank would see that at 3:20 pm the rate was $22 and Calpers would be charged the $22. A whistle blower brought this to light and now their is an investigation ongoing.

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