Defendant Name:
Citi International Financial Services, LLC, now known as Insigneo International Financial Services, LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Citigroup Inc.
SIC Code:
6021
CUSIP:
17296742
Document Reference:
34-98609
Document Details
Legal Case Name
In the Matter of Citigroup Global Markets, Inc. and Citi International Financial Services, LLC, now known as Insigneo International Financial Services, LLC
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, and Section 203(e) of the Investment Advisers Act of 1940 Making Findings, and Imposing Remedial Sanctions and Cease-and-Desist Orders
Document Date
28-Sep-2023
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On September 28, 2023, the SEC announced settled administrative and cease-and-desist proceedings against Citigroup Global Markets, Inc. and Citi International Financial Services, LLC, now known as Insigneo International Financial Services, LLC, for making "securities recommendations to retail customers without complying with the disclosure requirements under Regulation Best Interest (Reg. BI) or the requirement to deliver the Form Client Relationship Summary (Form CRS)."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Civil Penalty
Individual:
Shared:
$1,975,000.00
Shared with: Citigroup Global Markets, Inc.
Other Defendants in Action:
