Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Thursday, June 20, 2024 | Back issues
Courthouse News Service Courthouse News Service

Mellon Bank Fined $54M

The Bank of New York Mellon will pay $54 million to settle charges of improper handling of pre-released American Depositary Receipts, “which resulted in abusive practices like inappropriate short selling,” the SEC said Monday.

WASHINGTON — The Bank of New York Mellon agreed Monday to pay $54 million to settle charges of improper handling of pre-released American Depositary Receipts, “which resulted in abusive practices like inappropriate short selling."

Categories / Financial

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...