THE TICKER

Ex-State Street exec gets 18 months for fraud

A former State Street Corp. executive has been sentenced to eighteen months in prison for defrauding clients by charging secret commissions on billions of dollars of securities trades.

Ross McLellan was sentenced yesterday in Boston’s federal court.

The 47-year-old Hingham man was convicted in June of conspiracy, securities fraud and wire fraud. He was the executive vice president of Boston-based State Street and served as the global head of its Portfolio Solutions Group.

Prosecutors say McLellan conspired with others to charge hidden commissions to unaware customers and tried to conceal the fraud by telling the bank’s compliance staff that the customers were overcharged in error.

Stop & Shop to improve ADA compliance

PROVIDENCE, R.I. — Federal authorities have reached an agreement with Stop & Shop supermarkets to make checkout aisles in the chain’s more than 400 stores more accessible to the disabled to comply with federal law.

The agreement announced yesterday by the U.S. attorney for Rhode Island comes following an investigation launched when a resident complained that three Stop & Shop stores in the state failed to provide an adequate number of accessible checkout aisles and didn’t have credit card readers at heights convenient for wheelchair users.

The agreement applies to Stop & Shops in Rhode Island, Massachusetts, Connecticut, New Jersey and New York.

A spokesman for Quincy, Mass.,-based Stop & Shop could not immediately be reached.