Securities Industry Commentator by Bill Singer Esq

FINRA Sanctions Citigroup Global Markets Inc. $11.5 Million for Displaying Inaccurate Research Ratings (FINRA Press Release) Financial Industry Regulatory Authority fined Citigroup Global Markets Inc. (CGMI) $5.5 million and required the firm to pay at least $6 million in compensation to retail customers for allegedly displaying inaccurate research ratings during a nearly five-year period, and for related supervisory violations. READ the FULL TEXT AWC Settlement.As set forth in part in the FINRA Press Release:FINRA found that from February 2011 through December 2015, CGMI displayed to its brokers, retail customers and supervisors inaccurate research ratings for more t…

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