Defendant Name: Citigroup Global Markets Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Citigroup Inc.
SIC Code: 6021
CUSIP: 17296742

Initial Case Details

Legal Case Name In the Matter of Citigroup Global Markets, Inc.
First Document Date 19-Aug-2015
Initial Filing Format Administrative Action
File Number 3-16764
Allegation Type Broker Dealer

Violations Alleged

Other
• Section 15(g) Exchange Act; Section 206(4) Investment Advisers Act; Rule 206(4)-7 Investment Advisers Act

Resolutions

First Resolution Date 19-Aug-2015
Headline Total Penalty and Disgorgement $15,000,000

Related Documents:

2015-171 19-Aug-2015 Press Release--Administrative Proceeding
SEC Charges Citigroup Global Markets for Compliance and Surveillance Failures
On August 19, 2015, the SEC announced that: "Citigroup Global Markets has agreed to settle charges that it failed to enforce policies and procedures to prevent and detect securities transactions that could involve the misuse of material, non-public information. The firm also failed to adopt and implement policies and procedures to prevent and detect principal transactions conducted by an affiliate."
34-75729 19-Aug-2015 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, and Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On August 19, 2015, the SEC instituted settled administrative and cease-and-desist proceedings against Citigroup Global Markets, Inc. According to the SEC: "These proceedings arise from compliance and surveillance failures at CGMI involving technological errors that, in some instances, remained undetected for years. As a result of these failures, CGMI violated provisions of the federal securities laws relating to its trade surveillance and its policies and procedures concerning principal transactions."