STP, Service Road North, I-9/3, Islamabad, Pakistan
+92 51 4102171-2
+92 51 41021713

U.S. SEC probing banks over possible mismanagement of ADRs

2016-11-07t181548z_1_lynxmpeca61cj_rtroptp_3_bnymellon_original

The U.S. Securities and Exchange Commission is investigating whether big banks have been mishandling securities in the American Depositary Receipt (ADR) market, the Wall Street Journal reported on Monday.

The SEC has sent subpoenas to four banks over the issue – Bank of New York Mellon Corp (BK.N), Citigroup Inc (C.N), Deutsche Bank AG (DBKGn.DE) (DB.N) and JPMorgan Chase & Co (JPM.N), the Journal reported, citing people close to the matter.

For more on this story visit the following link: U.S. SEC probing banks over possible mismanagement of ADRs

Source: Yahoo Finance

Related Posts

Share Your Thoughts

%d bloggers like this: