Citibank Cuts $38M Deal With SEC Over Handling Of ADRs

By Reenat Sinay (November 7, 2018, 6:15 PM EST) -- Citibank NA has agreed to pay more than $38 million to settle U.S. Securities and Exchange Commission charges that it received American shares of foreign companies, or American Depositary Receipts, without owning the underlying securities, the agency announced on Wednesday....

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