Wednesday, November 19, 2008

Citigroup Global Markets Ordered to Pay FINRA Fine for Inadequate Supervision

The Financial Industry Regulatory Authority Inc. says it is fining Citigroup Global Markets Inc. $300,000 for its failure to reasonably supervise the commissions that clients were charged for stock and options trades. Citigroup Global Markets is Citigroup Inc’s brokerage and securities arm.

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