Violation Tracker Individual Record

Company: 
Citigroup, Inc.
Current Parent Company: 
Citigroup
Penalty: 
$208,000,000
Year: 
2005
Date: 
May 31, 2005
Primary Offense: 
securities issuance or trading violation
Secondary Offense: 
fraud
Violation Description: 

Citigroup agreed to pay $208 million in disgorgement and penalties to settle fraud allegations against two subsidiaries relating to the creation and operation of an affiliated transfer agent that has served the Smith Barney family of mutual funds since 1999.

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.