Estimated reading time: 0 minutes, 16 seconds

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.

Read 1014 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline