SEC fines BNY Mellon $54 million for "naked" release of ADRs [MarketWatch]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
bnymellon.com/us/en/investor-relations/index.jsp
Company Research
Source: MarketWatch
SEC fines BNY Mellon $54 million for "naked" release of ADRs The Securities and Exchange Commission settled charges Monday with Bank of New York Mellon BK, +0.66% for improper handling of "pre-released" American Depositary Receipts, or ADRs. The regulator fined BNY Mellon $54 million for improperly providing ADRs to brokers in thousands of pre-release transactions when neither the broker nor its customers had the foreign shares needed to support those new ADRs. ADRs are U.S. exchange-listed securities that represent foreign shares of a foreign company. Securities laws require a corresponding number of foreign shares to be held in custody at a depositary bank to avoid inflating the total number of a foreign issuer's tradeable securities, which can result in abusive practices like inappropriate short selling and dividend arbitrage. BNY Mellon did not admit or deny the allegations but did cooperate in the investigation. Have breaking news sent to your inbox. Subscribe to MarketWatch's
Show less
Read more
Impact Snapshot
Event Time:
BK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BK alerts
High impacting The Bank of New York Mellon Corporation news events
Weekly update
A roundup of the hottest topics
BK
News
- Global RegTech Consolidator Corlytics Acquires a Deloitte UK RegTech Platform [Yahoo! Finance]Yahoo! Finance
- Early Repurchase(s) [Yahoo! Finance]Yahoo! Finance
- BNY Mellon's Pershing Announces the Agenda for INSITE 2024 [Yahoo! Finance]Yahoo! Finance
- BNY Mellon's Pershing Announces the Agenda for INSITE 2024PR Newswire
- Canadian Plan Sponsors Post Positive Median Returns in Q1 2024, According to the BNY Mellon Canadian Asset Strategy View Universe [Yahoo! Finance]Yahoo! Finance
BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 5/7/24 - Form 144
- 5/7/24 - Form 497
- 5/6/24 - Form N-MFP2
- BK's page on the SEC website