FINRA, BATS Fine Citigroup Over Short Selling Violations
Citigroup Global Markets must pay $1.1 million for participating in five public offerings after shorting the shares, FINRA said.
Firms Agree to Stop Early Access to Analyst Opinions
Merrill Lynch, Goldman Sachs and 16 other financial firms move to end "Insider Trading 2.0," says New York Attorney General.
Leveraged ETFs: What Brokers Don’t Know Could Cost Them
FINRA has ordered Stifel Nicolaus and Century Securities to pay more than $1 million combined for improper sales of leveraged and inverse ETFs.
FINRA Sanctions Citigroup, Wells Fargo, Morgan Stanley and UBS for ETF Violations
The Financial Industry Regulatory Authority (FINRA) announced Tuesday that it has sanctioned Citigroup Global Markets, Inc; Morgan Stanley & Co.; UBS Financial Services; and Wells Fargo Advisors, a total of more than $9.1 million for selling leveraged and inverse exchange-traded funds (ETFs) without reasonable supervision and for not having a...
Private Equity Carlyle Group Going Public
Private equity giant The Carlyle Group filed with the SEC to launch an initial public offering of common stock a week after the firm made a minority investment in Avalon Advisors.
Noncompliance Roundup: Stifel, Nicolaus; Citigroup; Janney
A roundup of recent charges, penalties and settlements--this week relating to fraud, insider trading and failure to supervise--from the SEC and FINRA.
FINRA Fines Citigroup $500,000
FINRA announced Tuesday that it had fined Citigroup Global Markets Inc. $500,000 for failure to supervise a former registered sales assistant in its branch office in Palo Alto, Calif.
FINRA Fines Citigroup for Supervisory Violations in Misappropriation Scheme
Citigroup Global Markets Inc. will pay $1.5 million for supervisory violations relating to its handling of trust funds belonging to cemeteries in Michigan and Tennessee, according to a May 27 announcement by FINRA.
FINRA Sanctions Citigroup for Supervisory Violations in Misappropriation Scheme
Millions were stolen from trusts of cemeteries in Michigan and Tennessee.
More Auction-Rate Securities Woes
In the latest investigation of the troubled auction-rate securities market, the Securities and Exchange Commission's Division of Enforcement announced August 7 a preliminary settlement in principle with Citigroup Global Markets, Inc. (Citi) including proposed charges and a plan that would give individual investors, small businesses, and charities all $7.5 billion...