JPMorgan to pay more than $135 million for improper handling of ADRs

WASHINGTON (Reuters) - JPMorgan Chase & Co will pay over $135 million to settle charges it mishandled so-called "pre-released" American Depositary Receipts (ADRS), the Securities and Exchange Commission announced on Wednesday.The regulator said the investment bank improperly provided ADRs, which are U.S. securities that represent foreign shares of foreign companies, to brokers even though the brokers and their clients lacked the corresponding foreign shares.The bank did not admit or deny the..