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Jefferies to Pay $3.9M to Settle ADR Charges

Jefferies has decided to dish out $3.9 million to settle Securities and Exchange Commission charges of abuses associated with American Depositary Receipts (ADRs). So reports Reuters.

The charges were part of 14 enforcement actions against a bank or a broker resulting from a broad SEC investigation into abusive ADR practices.

Read the full article from Reuters.

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