JPMorgan to pay more than $135 million for improper handling of ADRs - Dealers Care

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Thursday, 27 December 2018

JPMorgan to pay more than $135 million for improper handling of ADRs

By Pete Schroeder WASHINGTON (Reuters) - JPMorgan Chase & Co will pay over $135 million to settle charges it mishandled so-called "pre-released" American Depositary Receipts (ADRS), the Securities and Exchange Commission announced on Wednesday. The regulator said the investment bank improperly provided ADRs, which are U.S.

from Latest News Business on Firstpost http://bit.ly/2Si7iPD

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