State Street Corp. said Monday that its State Street Bank and Trust Co. unit had been given a Wells Notice by the Securities and Exchange Commission.

The notice relates to an SEC investigation into disclosures and management of certain active fixed-income strategies by State Street Global Advisors during 2007 and prior periods.

The Wells Notice informs State Street that the SEC staff intends to ask the SEC commissioners for permission to bring a civil enforcement action for alleged violations of securities laws.

State Street said that it has been cooperating with the SEC in this inquiry and continues to cooperate with the Massachusetts secretary of state, Massachusetts attorney general and other regulators in their related inquiries.

Under SEC protocol, State Street will have an opportunity to present its perspective on the issues in dispute before any formal decision is made on an enforcement action.

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