Violation Tracker Individual Record

Company: 
Citigroup Global Markets, Inc.
Current Parent Company: 
Citigroup
Penalty: 
$16,000,000
Year: 
2014
Date: 
October 9, 2014
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

Citigroup agreed to provide $16 million in reimbursement to more than 31,000 customers who were charged higher advisory fees than they negotiated.

Level of Government: 
state
Action Type: 
agency action
Agency: 
New York Attorney General
Civil or Criminal Case: 
civil
Facility State: 
New York
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
banking & securities
Specific Industry of Parent: 
financial services
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.