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 |