Violation Tracker Individual Record

Company: 
Citigroup Global Markets Inc. f/k/a Salomon Smith Barney Inc.
Current Parent Company: 
Citigroup
Penalty: 
$400,000,000
Year: 
2003
Date: 
April 28, 2003
Primary Offense: 
investor protection violation
Violation Description: 

The SEC -- along with the New York Attorney General, the North American Securities Administrators Association, NASD, the New York Stock Exchange and state securities regulators -- announced the completion of enforcement actions against ten of the nation's top investment firms joint investigations of allegations of undue influence of investment banking interests on securities research at brokerage firms.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
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.