Defendant Name:
Citigroup Global Markets Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Citigroup Inc.
SIC Code:
6021
CUSIP:
17296742
Document Reference:
34-79882
Document Details
Legal Case Name
In the Matter of Citigroup Global Markets, Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 15(b) of the Securities Exchange Act of 1934, 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
Document Date
26-Jan-2017
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On January 26, 2017 the SEC instituted a settled proceeding against Citigroup Global Markets, Inc. According to the SEC: "These proceedings pertain to violations of the Advisers Act arising out of advisory client fee overcharges by CGMI, a dually registered investment adviser and broker-dealer since 1960 with its principal place of business in New York."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Other Compliance Related Undertaking
Monetary Penalties:
Disgorgement
Individual:
$3,200,000.00
Shared:
Civil Penalty
Individual:
$14,300,000.00
Shared:
Pre-Judgment Interest
Individual:
$800,000.00
Shared:
