Violation Tracker Individual Record
Company:
Citigroup Global Markets Inc.
Current Parent Company:
Citigroup
Penalty:
$100,000,000
Year:
2010
Date:
July 8, 2010
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
Citigroup agreed to pay $50 million to a group of states and another $50 million to New York State to resolve litigation alleging it failed to properly inform investors about the risks of auction-rate securities. The settlement was also announced by the New York Attorney General; see the Violation Tracker entry at https://violationtracker.goodjobsfirst.org/violation-tracker/-citigroup-...
Level of Government:
state
Action Type:
agency action
Agency:
Multistate Financial Regulators Case
Civil or Criminal Case:
civil
HQ Country of Parent:
USA
HQ State of Parent:
New York
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking & securities
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
