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



Justin Bieber: I appreciate Trump helping A$AP Rocky, but 'can you also let...

Justin Bieber: I appreciate Trump helping A$AP Rocky, but 'can you also let those kids out of cages?'

Bieber was referencing the ongoing situation at the U.S.-Mexico border, where some migrant children are being kept in detention centers. Read more ...

Boy given lit firework on 10th birthday as cruel prank explodes in his hand

Boy given lit firework on 10th birthday as cruel prank explodes in his hand

A 10-year-old boy in California remains hospitalized after an adult neighbor reportedly threw a lit firework to him that exploded in his hand. Read more ...

American crocodiles thriving outside South Florida nuclear plant

American crocodiles thriving outside South Florida nuclear plant

Last week, 73 crocodile hatchlings were rescued by a team of specialists at Florida Power & Light's Turkey Point nuclear plant and dozens more are expected to emerge soon. Read more ...

UFC San Antonio: Controversial heavyweight Greg Hardy claims quickfire win

UFC San Antonio: Controversial heavyweight Greg Hardy claims quickfire win

Former NFL star turned MMA fighter Greg Hardy was expected to receive a tough test from fellow rising prospect Juan Adams at UFC Fight Night in San Antonio, but the bout... Read more ...

Jorge Masvidal unimpressed by Leon Edwards' UFC on ESPN 4 win: 'Don't call...

Jorge Masvidal unimpressed by Leon Edwards' UFC on ESPN 4 win: 'Don't call me out no more'

Jorge Masvidal is quite clearly not interested in a fight with Leon Edwards after UFC on ESPN 4. Following his impressive unanimous-decision win over former champ Rafael dos... Read more ...

Pacquiao vs. Thurman results: Twitter reacts to Manny Pacquiao's stellar...

Pacquiao vs. Thurman results: Twitter reacts to Manny Pacquiao's stellar performance vs. Keith Thurman

Manny Pacquiao continues to defy the odds; he beat Keith Thurman for the WBA welterweight belt. The boxing world hailed the champ on social media. Read more ...

Karen Guregian's top 10 most indispensable Patriots

Karen Guregian's top 10 most indispensable Patriots

With training camp set to start Thursday, here is this writer's list of the top 10 most indispensable Patriot players, not counting Tom Brady. The term “indispensable” implies... Read more ...

Manny Pacquiao defeats Keith Thurman by split decision

Manny Pacquiao defeats Keith Thurman by split decision

LAS VEGAS - Manny Pacquiao knocked down Keith Thurman in the first round and persevered for an exciting split-decision victory Saturday night, adding a third straight win to... Read more ...

Meet the guy behind the 'Area 51' page. He's terrified of what he's created

Meet the guy behind the 'Area 51' page. He's terrified of what he's created

The creator behind a Facebook event called "Storm Area 51, They Can't Stop All of Us " says he wanted the idea to be funny. Not everyone got that message. Read more ...

UFC on ESPN 4 results: Andrei Arlovski decisions Ben Rothwell, sets UFC...

UFC on ESPN 4 results: Andrei Arlovski decisions Ben Rothwell, sets UFC heavyweight win record

Gallery Andrei Arlovski def. Ben Rothwell at UFC on ESPN 4: Best photos view 17 images The first time Andrei Arlovski and Ben Rothwell fought, 11 years ago to the weekend at... Read more ...