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
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: