SEC Enforcement of Pre-Released ADRs
The SEC’s investigation into “pre-released” ADRs has resulted in 15 enforcement actions against depositary banks and broker-dealers.
Monetary settlements totaled nearly $432 million.
Depositary Banks | Date |
---|---|
BNY Mellon | Dec. 17, 2018 |
Citibank | Nov. 7, 2018 |
Deutsche Bank Trust Company Americas | July 20, 2018 |
JPMorgan Chase Bank | Dec. 26, 2018 |
Brokers | Date |
---|---|
ABN AMRO Clearing Chicago | Feb. 6, 2020 |
Banca IMI Securities Corp. | Aug. 18, 2017 |
BMO Capital Markets Corp. | Aug. 16, 2019 |
Cantor Fitzgerald & Co. | Aug. 16, 2019 |
Deutsche Bank Securities | July 20, 2018 |
Industrial and Commercial Bank of China Financial Services | June 14, 2019 |
ITG | Jan. 12, 2017 |
Jefferies | Dec. 9, 2019 |
Merrill Lynch, Pierce, Fenner | March 22, 2019 |
SG Americas Securities | Sept. 25, 2018 |
Wedbush Securities | June 18, 2019 |
Individuals (for roles in employer's violations) | Date |
---|---|
Wendy Katz | Aug. 29, 2019 |
Domenick Migliorato | Oct. 15, 2019 |
Anthony Portelli | June 22, 2017 |
Melanie Ryan | July 24, 2018 |
Last Reviewed or Updated: June 14, 2024