Citi to pay nearly $40 million settlement over ADR charges
Citi is the second bank the SEC has taken action against for ADR pre-release abuses within its depositary banking business.
Tag: ADRs
JP Morgan among banks being investigated over ADR abuses
The investigation follows the recent $75 million settlement Deutsche Bank agreed to pay to the SEC for improper handling of pre-released ADRs.
Deutsche Bank to pay $75 million fine over ADR business
The German bank will pay the settlement after its US subsidiaries were charged with improper handling of “pre-released” ADRs.
Ex-head of operations at ITG charged over ADR failures
ITG paid a $24 million fine in January for its failures with handling American depository receipts (ADRs).