Merrill Lynch To Shell Out $8M For Mishandling ADRs

By Dean Seal ( March 22, 2019, 6:02 PM EDT) -- Merrill Lynch will pay $8 million to resolve claims that it mishandled thousands of "pre-released" American depositary receipts, the U. S. Securities and Exchange Commission said Friday, making it the latest of nine banks and brokers to be swept up in an agency dragnet. . . .

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