On Thursday, in a significant development, S&P Dow Jones Indices said it would delist Chinese companies including Hikvision from its products, becoming the latest stock exchange to do so following the U.S. Administration ordering restrictions on the purchase of their… Read More ›
ADRs
U.S. hedge fund Third Point LLC sells 100% of ADRs in Sony: SEC filings
According to regulatory filings, U.S. hedge fund Third Point LLC has sold all American Depositary Receipts (ADRs) that it holds in the Japanese company. In recent months it had been pushing Sony Corp to increase return of stakeholders, including spinning-off… Read More ›
SEC fines BMO Capital Markets and Cantor Fitzgerald & Co over ADR malpractices
SEC Chairman Jay Clayton’s efforts to clean up the securities market are paying off. In a statement, the Securities and Exchange Commission (SEC) disclosed, BMO Capital Markets and Cantor Fitzgerald & Co have agreed to pay $3.9 million and $647,000… Read More ›