Category: SECActions

Broker Pays over $42 Million Re Pre-Release ADRs

Pre-release ADRs have become a focus of SEC Enforcement. To date the agency has filed 10 settled proceedings involving these securities. Typically, the Order in the proceedings asserts that by failing to comply with the pre-release obligation to beneficially own

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This Week In Securities Litigation (Week ending June 14, 2019)

The Commission did not file any new enforcement actions this week. The agency did, however, settle or partially resolve, three pending enforcement actions. Congress again took up the question of inspecting the auditors and work papers for U.S. traded issuers.

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