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U.S. SEC fines Deutsche $73 million for mishandling ADRs

U.S. SEC fines Deutsche  million for mishandling ADRs© Reuters. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Friday that it fined two Deutsche Bank (DE:) subsidiaries in the U.S. $75 million for mishandling American Depositary Receipts (ADR).

Deutsche Bank did not admit or deny the SEC’s findings but agreed to return its “ill-gotten gains” and comply with the SEC’s fine, the regulator said in a statement.

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Source: Investing.com

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