U.S. SEC probing banks over possible mismanagement of ADRs: WSJ

(Reuters) – The U.S. Securities and Exchange Commission is investigating whether big banks have been mishandling securities in the American Depositary Receipt (ADR) market, the Wall Street Journal reported on Monday.
The SEC has sent subpoenas to four banks over the issue – Bank of New York Mellon Corp <BK.N>, Citigroup Inc <C.N>, Deutsche Bank AG <DBKGn.DE> <DB.N> and JPMorgan Chase & Co <JPM.N>, the Journal reported, citing people close to the mat