This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

BNY Mellon agrees to pay $54 million to settle SEC charges of ADR abuses

( December 17, 2018, 17:48 GMT | Official Statement) -- MLex Summary: Bank of New York Mellon agreed to pay $54 million to settle charges from the US Securities and Exchange Commission that it improperly handled American Depository Receipts, or ADRs. The SEC found that BNY Mellon engaged in practices which led to "inappropriate short selling and dividend arbitrage that should not have been occurring." This is the agency's seventh action against a bank or broker in its investigation into abusive ADR pre-release practices.Statement follows in full. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login