UPDATE 1-U.S. subsidiary of Italy's Intesa Sanpaolo to pay $35 mln over improper ADRs- SEC
August 18, 2017 at 14:26 PM EDT
WASHINGTON, Aug 18 (Reuters) - A U.S. subsidiary of Italian bank Intesa Sanpaolo, has agreed to pay $35 million to settle charges it violated U.S. securities laws governing the issuance of American Depositary Receipts, the Securities and Exchange Commission said on Friday.