Market

The SEC just dinged another Wall Street firm in a probe that's claimed more than $400 million in fines from the likes of JPMorgan and Deutsche Bank

Posted On: Jun 18, 2019   |   Posted By: Business Insider

The SEC just dinged another Wall Street firm in a probe that's claimed more than $400 million in fines from the likes of JPMorgan and Deutsche Bank

The Securities and Exchange Commission on Tuesday said the firm Wedbush Securities will pay $8.1 million to settle charges for improperly handling so-called "pre-released" American Depository Receipts , or shares of foreign companies that trade in the US.
Wedbush is the 11th firm the SEC has cited, following the likes of Morgan Stanley and Deutsche Bank, in an ongoing investigation into what it calls "abusive" ADR pre-release practices.
The entire probe has so far resulted in settlements exceeding $422 million, the SEC said.
Visit Markets Insider's homepage for more stories .
Wedbush Securities is the latest firm ensnared in an ongoing Securities and Exchange Commission investigation around mishandling so-called "pre-released" American Depositary Receipts.
The independent agency said Tuesday that Wedbush will pay more than $8.1 million to settle charges for improperly handling ADRs, or shares of foreign companies that trade in the US.
The announcement regarding Wedbush, a privately held brokerage and...

Continue reading ...

 






The last Posts from Business Insider



Police say at least 9 shot in shooting at backyard party

Police say at least 9 shot in shooting at backyard party

Police say at least nine people were shot at party in Fresno in what appears to be a “mass casualty shooting,” local media report. Read more ...

Ford Mustang SUV starts a blitz of new electric vehicles

Ford Mustang SUV starts a blitz of new electric vehicles

The “Mustang Mach E,” which will go from 230 miles to more than 300 miles per charge depending on how it's equipped, was unveiled Sunday night ahead of the Los Angeles Auto... Read more ...

‘Ford v Ferrari' speeds to No. 1; ‘Charlie's Angels' fizzles

‘Ford v Ferrari' speeds to No. 1; ‘Charlie's Angels' fizzles

“Ford v Ferrari” left its competition in the rearview, racing to an estimated $31 million debut at the box office in a No. 1 finish that counted as a win for big-budget... Read more ...

Police union, de Blasio blast Bloomberg over stop-and-frisk apology

Police union, de Blasio blast Bloomberg over stop-and-frisk apology

The Police Benevolent Association slammed former New York City mayor Michael Bloomberg over his stunning Sunday apology for his administration's use of stop-and-frisk - by... Read more ...

Kings snap Celtics' 10-game win streak with 100-99 Victory

Kings snap Celtics' 10-game win streak with 100-99 Victory

SACRAMENTO, Calif. - The Boston Celtics were an unlucky bounce away from extending an historic start to their season. Read more ...

Gurley, Brown help Rams ground out 17-7 win over Bears

Gurley, Brown help Rams ground out 17-7 win over Bears

LOS ANGELES - Todd Gurley and Malcolm Brown ran for touchdowns and the Los Angeles Rams were able to ground out a 17-7 victory over the Chicago Bears on Sunday night. Read more ...

James, Lakers start fast in racing past Hawks 122-101

James, Lakers start fast in racing past Hawks 122-101

LOS ANGELES - LeBron James scored 12 of his 33 points during a breathtaking opening nine minutes for the Los Angeles Lakers, who raced to a 25-point lead and handed the Atlanta... Read more ...

Karlsson scores two, Fleury and Vegas blanks Calgary, 6-0

Karlsson scores two, Fleury and Vegas blanks Calgary, 6-0

LAS VEGAS - William Karlsson had his third straight multipoint game, Marc-Andre Fleury earned his league high-tying 10th victory this season and the Vegas Golden Knights beat... Read more ...

Fantasy Football Rankings Week 12: Tight End

Fantasy Football Rankings Week 12: Tight End

Travis Kelce is on bye in Week 12, so maybe you might be looking to Jacob Hollister or David Njoku to save your week. See where they fall in our Week 12 fantasy TE rankings. Read more ...

Exclusive: Ford's Mustang Mach-E Is a Radical Gamble on an Electric Future

Exclusive: Ford's Mustang Mach-E Is a Radical Gamble on an Electric Future

For more than a century, Ford Motor Co. has manufactured many millions of vehicles with names like Model T, Falcon, Fairlane, Thunderbird, Taurus, Fusion, and F-150. But ask... Read more ...