Banca IMI fined $2 million for ADR violations
Banca IMI pled guilty to antitrust charges after conspiring with other brokers to rig bids to borrow pre-release ADRs, according to the US Department of Justice.
Tag: ADR
SEC continues ADR clampdown as Merrill Lynch agrees to $8 million settlement
The US SEC has collected monetary settlements exceeding $370 million relating to its investigation into improper handling of pre-released ADRs.
JP Morgan to pay $135 million for improper handling of ADRs
The eighth action against a bank or broker, and fourth action against a depositary bank, resulting from the SEC’s ongoing investigation into abusive ADR pre-release practices.
BNY Mellon to pay $54 million settlement over ADR charges
Custodian to pay a $54 million settlement to US regulator over American Depositary Receipts.