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ADRs are subject to the same currency, political, and economic risks as the underlying foreign share. Arbitrage keeps the prices of ADRs and underlying foreign shares, adjusted for the SDR/ordinary ratio essentially equal. American depository shares (ADS) are a similar form of certification.
Central Registration Depository. Stockholding & Investments. US searchable database of investment advisers and brokers a computerized database of brokers, investment advisers, and brokerage firms that is maintained by the US Securities and Exchange Commission and is accessible to the public.