Defendant Name:
Citigroup Global Markets Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Citigroup Inc.
SIC Code:
6021
CUSIP:
17296742
Document Reference:
34-78291
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 Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
12-Jul-2016
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On July 12, 2016 the SEC instituted a settled administrative proceeding against Citigroup Global Markets, Inc. ("CGMI"). According to the SEC, CGMI failed to produce records in response to requests made by Commission staff, between May 1999 and April 2014, due to an error in CGMI's computer code. CGMI did not report the issue to Commission staff or take steps to produce the omitted data until nine months later.
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Civil Penalty
Individual:
$7,000,000.00
Shared:
