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Citigroup Affiliates to Pay $180 Million to Settle Hedge Fund Fraud Charges — The ASTA/Mat Aftermath

August 17, 2015

The Securities and Exchange Commission today announced that two Citigroup affiliates have agreed to pay nearly $180 million to settle charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond investors. The funds later crumbled and eventually collapsed during the financial crisis. Citigroup Global Markets […]

Citigroup Settlement with SEC blocked by Federal Judge

November 28, 2011

Specifically, Citigroup’s financial practices have been scrutinized in light of regulatory expectations. A federal judge in New York on Monday threw out a settlement between the Securities and Exchange Commission and Citigroup over a 2007 mortgage derivatives deal, emphasizing the complexity and multifaceted nature of such financial transactions. The judge noted that the S.E.C.’s policy […]