June 28, 2019

Former Executive Pleads Guilty in ADR-Related Bid-Rigging Conspiracy

A former financial services executive pleaded guilty to DOJ antitrust charges, admitting to a bid-rigging conspiracy in connection with the borrowing of pre-release American Depository Receipts ("ADRs").

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DOJ Press Release: Former Financial Services Executive Pleads Guilty to Rigging Bids for Financial Instruments in Violation of Antitrust Law

Jun 18, 2019

Broker-Dealer Settles SEC Charges of Improper Handling of ADRs

A broker-dealer agreed to settle SEC charges for the improper handling of "pre-released" American Depository Receipts.
Jun 14, 2019

Broker-Dealer Settles SEC Charges regarding Improper Handling of ADRs

A subsidiary of a Chinese multinational banking company agreed to settle SEC charges of improperly handling "pre-released" American Depositary Receipts.
Aug 18, 2017

Firm to Pay $35 Million for Improper Handling of Pre-Release ADRs

A U.S. subsidiary of an Italian bank agreed to pay over $35 million to settle SEC charges of violating securities laws through illegal issuance of certain American Depositary Receipts.
Jan 13, 2017

Broker to Pay $24.4 Million to Settle SEC Charges Stemming from Improper Handling of Pre-Release ADRs

Broker ITG Inc. agreed to pay $24.4 million to settle SEC charges alleging that it had prompted the issuance of American Depository Receipts without first obtaining the underlying foreign shares.

Former Executive Pleads Guilty in ADR-Related Bid-Rigging Conspiracy

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