Citigroup Global Markets Fined $11 Million for Faulty Ratings

[kreslik.news]

Citigroup Global Markets Inc. (CGMI) concluded an $11.5 million settlement ‎with the Financial Industry Regulatory Authority (FINRA) to settle charges of ‎inaccurate research ratings of certain equity securities. ‎

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As part of the deal with the Wall Street self regulator, CGMI recognized ‎that it had mis-published its research ratings to customers on account ‎statements, email alerts and its online portal between from February 2011 ‎through December 2015.‎

The errors in the ratings feed that CGMI provided to its customers either ‎dropped or showed ... (read more)