SEC Fines JPMorgan More than $135 Million for Improper Handling of ADRs

Posted on 01/03/2019


The U.S. Securities and Exchange Commission (SEC) disclosed in late December that JPMorgan Chase Bank N.A. will pay more than US$ 135 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). What is an ADR? An ADR is a U.S. security that represent a foreign share of a foreign company – […]