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Deutsche Bank Subsidiaries Charged with ADR Mismanagement

August 1, 2018 by Louis Chunovic

Deutsche Bank Subsidiaries Charged with ADR Mismanagement

Two U.S.-based subsidiaries of Deutsche Bank A.G. will pay nearly $75 million to settle charges of “improper handling” of pre-released American Depositary Receipts (ADRs), the SEC reports. The Deutsche Bank subsidiaries are Deutsche Bank Trust Co. Americas (DBTCA), a depositary bank, and Deutsche Bank Securities Inc. (DBSI), a registered broker-dealer. The case stems from a… Read More >>

Filed Under: Securities Operations, Industry News, Operational Risk, General Interest, Governance, Back-Office, Standards, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: ADR Mismanagement, ADR transactions, American Depositary Receipts, DBTCA, Deutsche Bank, Deutsche Bank Securities Inc., Deutsche Bank Trust Co. Americas, SEC investigation

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