U.S. SEC fines Deutsche $73 million for mishandling ADRs

FILE PHOTO: The Deutsche Bank headquarters are seen in Frankfurt, Germany October 28, 2015. REUTERS/Kai Pfaffenbach/File Photo - Copyright Kai Pfaffenbach(Reuters)

By Reuters

Published on 20/07/2018 - 18:04•Updated 24/04/2024 - 16:36

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WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Friday that it fined two Deutsche Bank <DBKGn.DE> subsidiaries in the U.S. $75 million for mishandling American Depositary Receipts (ADR).

Deutsche Bank did not admit or deny the SEC's findings but agreed to return its "ill-gotten gains" and comply with the SEC's fine, the regulator said in a statement.