Defendant Name: Citigroup Global Markets Inc.

Defendant Type: Subsidiary of Public Company

Document Reference: 2015-171

Document Details

Legal Case Name In the Matter of Citigroup Global Markets, Inc.
Document Name SEC Charges Citigroup Global Markets for Compliance and Surveillance Failures
Document Date 19-Aug-2015
Document Format Administrative Proceeding
File Number 3-16764
Allegation Type Broker Dealer
Document Summary 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."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant

Related Documents:

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."