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How Three Traders Allegedly Caused $81M in Losses

August 29, 2018 by Louis Chunovic

How Three Traders Allegedly Caused $81M in Losses

The SEC reports that Citigroup recently agreed to pay $10.5 million in penalties to settle charges involving its books and records, its internal accounting controls, and its trader supervision. Citigroup Inc. and its U.S. broker-dealer subsidiary, Citigroup Global Markets Inc. (CGMI), also will pay a $5.75 million penalty to settle the inaccurate books and records… Read More >>

Filed Under: Securities Operations, Industry News, Operational Risk, Risk Management, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), AML/Fraud/Financial Crime, Regulation & Compliance, Derivatives, Regulatory Compliance, Regulatory Reporting, Industry News, People Moves Tagged With: Citigroup, losses, SEC, settlement, Traders, traders mismarked

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