Defendant Name: The Bank of New York Mellon

Defendant Type: Subsidiary of Public Company

Document Reference: 2018-285

Document Details

Legal Case Name In the Matter of The Bank of New York Mellon
Document Name BNY Mellon to Pay More Than $54 Million for Improper Handling of ADRs
Document Date 17-Dec-2018
Document Format Administrative Proceeding
File Number 3-18933
Allegation Type Broker Dealer
Document Summary The SEC stated: "Bank of New York Mellon will pay more than $54 million to settle charges of improper handling of "pre-released" American Depositary Receipts (ADRs)."

Disgorgement & Penalty Information

Resolutions
None Specified
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Disgorgement

Individual:     $29,300,000.00 Shared:    

Civil Penalty

Individual:     $20,500,000.00 Shared:    

Pre-Judgment Interest

Individual:     $4,200,000.00 Shared:    

Related Documents:

33-10586 17-Dec-2018 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933, Making Findings, and Imposing a Cease-and-Desist Order
On December 17, 2018, the SEC issued an order against The Bank of New York Mellon stating: "These proceedings arise out of BNY Mellon's improper practices involving the pre-release of American Depositary Receipts ("ADRs")."