Wedbush Securities Inc. has settled with the U.S. Securities and Exchange Commission for more than $8.1 million over charges the financial services company mishandled prereleased American depository receipts, the agency announced Tuesday.

It is the latest in a series of SEC settlements as the agency carries on an investigation into financial institutions’ mishandling of American depository receipts, a U.S. depository bank-issued certificate representing shares in a foreign companies’ stock.

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