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

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

U.S. SEC fines Deutsche $73 million for mishandling ADRs
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Kai Pfaffenbach(Reuters)
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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.

(Reporting by Katanga Johnson; Editing by Chizu Nomiyama)

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